HFM launches “Cent Accounts” for new traders ‘playing on the safe side’
“By offering this cent account, we are opening a world of opportunities to our users, while encouraging smart and safe market activity online.”
HFM, the FX and CFD broker formerly known as Hot Forex, has announced the launch of Cent Accounts, which enables users to have their accounts denominated in cents.
Cent Accounts is more suitable for beginner traders with less experience, but also for experienced ones who wish to try new strategies or explore a new asset class, as this feature enables users to trade in smaller volumes, and especially smaller lots.
“Traders preferring to ‘play on the safe side’ more often than not”
“We at HFM strive to always remain attentive to our valued customers’ needs. We are aware that the recent economic atmosphere has traders preferring to ‘play on the safe side’ more often than not, and we are here to help. By offering this cent account, we are opening a world of opportunities to our users, while encouraging smart and safe market activity online”, said a spokesperson for HFM. “I can truly say that we’ve brought every small detail into mind when we designed this offer. I am sure that our competitive cent account offer can cater to a wide array of traders.”
HFM’s new cent account also provides access to leverage of up to 1:1000, which generally speaking is not that appropriate for beginners. Such high leverage is naturally not allowed at the broker’s CySEC-authorized entity.
The brokerage firm also offers commission-free trading and a minimum deposit at 5 USD. The FX broker provides a personal manager to all account holders to walk them through the process.
HFM launched mobile app as MT4/MT5 removed from Apple Store
HFM recently launched its new mobile application, available for both Android and iOS users and combining the firm’s offering with reliable technology to offer traders a fully customized mobile trading experience. The revamped HFM app features in-app trading to better cater to the needs of its ever-growing client base as the retail segment increasingly relies on mobile apps for their trading and investing activities.
The launch of the proprietary HFM mobile trading app comes in good timing as MetaQuotes’ MetaTrader 4 and MetaTrader 5 remains suspended from the Apple Store, leaving traders using the iOS version of these platforms out to dry. Now, these users can jump back on the bandwagon of mobile trading.
The new HFM app now allows traders to access their accounts and trade CFDs on more than 1200 assets straight on the app. Users are given the opportunity to customize their trading with three trading options (Amount, Lots or Units), access a detailed history of each trade and analyze their performance, monitor their positions 24/7 and enjoy effortless trading anywhere, anytime.
HFM offers DMA stock trading
In September 2021, HotForex – now HFM – announced the launch of Direct Market Access (DMA) – a way of placing trades directly onto the order books of global stock exchanges for execution, offering traders the opportunity to access the same liquidity as the underlying market.
This was its key milestone toward multi asset trading. DMA Stocks provide greater visibility and flexibility, direct market live pricing, participation in the market of the underlying stock, interaction with the live order books of global stock exchanges, and orders reflected on the underlying market.
DMA Stocks were the latest addition to its list of over 1000 trading instruments. The newly added products are accessible through the MT5 platform, and the broker ensures negative balance protection, risk management with limit and stop orders, and on the go trading with the HF App.