HFM Welcome Bonus - 2 Offers and their T&C

Welcome bonuses serve as a key incentive for traders when selecting a forex broker. While primarily designed as marketing tools for brokers, these offers provide tangible benefits by enhancing traders' initial capital. 

For newcomers to trading or those evaluating new platforms, welcome bonuses can offer a valuable advantage. HFM has established itself as a globally recognised brokerage firm offering multiple promotional bonuses. This article examines HFM's welcome bonus programs and details their specific terms and conditions for clients.

What is a Welcome Bonus?

A welcome bonus represents a financial incentive provided by brokers to attract new clients to their trading site. These promotions may take fixed or variable forms, typically rewarding clients upon making an initial deposit or occasionally simply for completing registration. 

HFM exclusively offers deposit-based welcome bonuses, requiring traders to fund their accounts to qualify. Currently, the broker provides two distinct deposit bonus options catering to different trader profiles worldwide.

Terms and Conditions of the HFM Welcome Bonus

As mentioned, HFM offers two primary welcome bonus programs with clearly defined parameters. These include the 100% supercharged bonus and the 20% top-up bonus. Let’s take a look at the terms and conditions for each bonus:

HFM's 100% Supercharged Bonus

The 100% Supercharged Bonus is HFM's most substantial bonus offer. It provides qualified clients with a dollar-for-dollar match on their deposits. This promotion doubles the trader's initial capital, with a maximum bonus of $50,000 or equivalent value in alternative currencies. To be eligible, traders must have a fully verified real trading account. The minimum deposit that traders need to make is at least $10. Any further deposits of equal or greater amounts are still eligible until the maximum bonus amount is reached.

This bonus program incorporates an additional rebate structure. This rebate program allows traders to earn $2 per standard lot traded on gold or 0.2 pips per lot on forex instruments. Rebates accumulate up to a lifetime maximum of $8,000, with specific execution requirements including a minimum two-minute trade duration for full qualification. The broker processes rebate payments daily at 02:00 server time, contingent upon reaching a minimum of $5.

The bonus operates under strict withdrawal protocols. Any account withdrawal - whether comprising profits, rebates, or original deposits - triggers an equivalent reduction in bonus funds. The bonus credit itself remains non-withdrawable, serving exclusively for trading purposes.

 HFM reserves the right to revoke the bonus if account equity declines to or below the bonus amount. Additionally, the broker will terminate bonuses in accounts with 60 consecutive days of inactivity. Activity in this case includes deposits, withdrawals, or trading activity.

Terms and Conditions Apply. Offer availability may vary by country.

Remember that Forex and CFDs available at HFM are leveraged products.
Their trading can result in the loss of your entire capital.

HFM’s Top-Up Bonus

HFM's Top-Up Bonus offers flexible percentage-based rewards ranging from 10% to 100% of deposited amounts. The maximum bonus varies from $100 to $5,000 depending on active promotions. Just like the 100% supercharged bonus, this bonus also requires traders to have a fully verified live trading account.

While the bonus amount remains non-withdrawable, traders have full access to any profits generated through bonus-funded trading. However, withdrawals proportionally reduce active bonus amounts, maintaining the original bonus-to-deposit ratio. Similar to the Supercharged program, 60 days of account inactivity results in automatic termination and forfeiture of remaining bonus funds. This bonus is exclusive to the Top-Up Bonus account.

Terms and Conditions Apply. Offer availability may vary by country.

Remember that Forex and CFDs available at HFM are leveraged products.
Their trading can result in the loss of your entire capital.

Available Trading Instruments on HFM

HFM supports comprehensive market access across multiple asset classes. The broker supports the trading of over 1,000 different CFDs on a variety of global markets. Here is a breakdown of the market products available on HFM:

• Forex - Forex traders have the ability to access a comprehensive selection of currency pairings, which include major, minor, and even more unique exotic options for trading.
• Energies - The Energies category provides trading opportunities in both spot oil and oil futures contracts.
• Metals - HFM also offers trading opportunities in valuable precious metals such as gold, silver, palladium, and platinum.
• Indices - A broad selection of popular indices is available on HFM, enabling traders to diversify their portfolios. These include indices such as US30, UK100, and GER30, among others.
• Stocks - HFM allows traders to speculate on price movements of stocks from leading global companies, including tech giants like Amazon and Alibaba, among others.
• Bonds - Traders can also access CFDs on bonds issued by major economies worldwide.
• Commodities - HFM allows traders to invest in CFDs on both soft and hard commodities. In this category, traders can access instruments such as cocoa, coffee, and copper.
• ETFs - A diverse selection of Exchange-Traded Funds (ETFs) is also offered. This allows traders to speculate on price movements across different sectors, currencies, and commodities.

HFM Accounts

HFM offers its traders 6 different trading accounts to cater to diverse trading needs. Specifically, the broker offers the Premium, Cent, Pro, Pro Plus, Zero, and Top-up Bonus accounts. The Premium and Cent Accounts have spreads from 1.2 pips. On the other hand, the Top-up bonus account features spreads from 1.4 pips. The Pro account has a spread from 0.6 pips, and the Pro-plus account offers spreads from 0.2 pips. None of these accounts charges a commission.

On another note, only two of HFM’s accounts have a minimum deposit requirement. The Pro account requires a minimum deposit of $100, while the Pro-plus account has a minimum deposit of $250. The rest of the accounts do not have a set minimum deposit, meaning that traders can invest whatever they want. However, remember that the bonuses offered by HFM have minimum deposit requirements.

HFM Regulation and Reputation

HFM operates under oversight from multiple financial authorities globally. In particular, the broker has regulation from the FCA in the UK, the CySEC in Cyprus, the CMA in Kenya, the DFSA in Dubai, and the FSCA in South Africa, alongside others. This regulatory standing is part of the reason why HFM has grown to become one of the biggest forex brokers in the world.

Alongside its strong regulatory framework, HFM has built a solid reputation among users. The broker has been operating continuously since 2010 without major regulatory issues. It holds a 4.3 out of 5 rating based on over 1,200 client reviews, with more than 70% awarding it a perfect five-star review. 

Other Promotions on HFM

HFM offers other promotions beyond traditional deposit bonuses, aimed at enhancing the trading experience for its clients. One such promotion is the Refer a Friend program, which allows traders to earn up to $200 for each client who registers and trades with HFM. On the other hand, the HFM Loyalty Program rewards active traders with HFM Bars for every lot traded, which can be redeemed for cash, credit bonuses, or trading services. 

For those looking to test their skills in a risk-free environment, the 'Virtual to Real' Demo Contest offers participants the chance to win real trading bonuses. This monthly contest rewards the top three participants with real cash into their trading accounts. 

Further, HFM recognises top-performing traders in the real market through the Traders Awards. It grants a $1,000 cash prize and the prestigious HFM Crystal Obelisk to the standout trader of the month. To further engage its community, HFM also offers branded HFM merchandise, allowing traders and partners to showcase their affiliation with the brand.

Note that terms and conditions apply to each of these promotion programs. Ensure you carefully read and understand them as they will affect how you can access and utilise the amounts you receive.

Conclusion

HFM's welcome bonus programs present meaningful opportunities for traders to amplify their initial capital. The 100% Supercharged Bonus delivers immediate deposit matching with supplementary rebate incentives. On the other hand, the Top-Up Bonus provides adaptable percentage-based deposit bonuses. 

Successful utilisation requires a thorough understanding of each program's specific conditions, particularly regarding withdrawal and activity maintenance requirements. Traders should note that bonus funds cannot be withdrawn directly. However, profits generated from them remain withdrawable subject to terms.

Beyond promotional offers, HFM delivers extensive market access across several asset classes, competitive pricing, and robust regulatory adherence. The firm's established market presence and generally favourable client feedback further reinforce its reliability. Prospective users should carefully evaluate their trading objectives and risk tolerance before engaging with any bonus program.