HFM introduces “Cent Accounts” for traders who like to play it safe
FX and CFD broker, HFM, has announced the introduction of Cent Accounts, which let consumers have their accounts valued in cents.
Since this feature enables users to trade in smaller volumes, and notably smaller lots, Cent Accounts is more ideal for novice traders with less expertise, as well as for more seasoned traders who want to attempt new techniques or explore a new asset class.
Additionally, HFM’s new cent account gives users access to leverage up to 1:1,000, which is normally not recommended for beginners. It goes without saying that the broker’s CySEC-authorized organisation does not permit such high leverage.
Additionally, the brokerage service provides commission-free trading and a $5 USD minimum deposit. All account holders receive a personal manager from the FX broker to help them through the procedure.
“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 recently released a new mobile trading application that combines the firm’s services with dependable technology to provide traders with a fully personalised mobile trading experience. The app is accessible for both Android and iOS users. As the retail sector increasingly relies on mobile apps for their trading and investing operations, the updated HFM app now includes in-app trading to better meet the needs of its steadily expanding clientele.
The release of the exclusive HFM mobile trading app coincides with the suspension of MetaQuotes’ MetaTrader 4 and MetaTrader 5 from the Apple Store, which leaves users of the iOS version of both platforms high and dry. These users can now re-join the mobile trading revolution.
Trading CFDs on more than 1200 assets is now possible directly on the new HFM app, which also gives users access to their accounts. Users have the choice to tailor their trading with three trading options (Amount, Lots, or Units), access a thorough history of each trade and assess their performance, monitor their positions around-the-clock, and take advantage of simple trading anywhere, anytime.
HotForex, formerly known as HFM, announced the introduction of Direct Market Access (DMA) in September 2021. DMA allows traders to access the same liquidity as the underlying market by placing transactions directly onto the order books of major stock exchanges for execution.
This was a crucial turning point for multi-asset trading. Greater visibility and flexibility, direct market live pricing, involvement in the underlying stock market, interaction with live order books of international stock exchanges, and orders mirrored on the underlying market are all features of DMA Stocks.
The most recent addition to its roster of more than a thousand trading products was DMA Stocks. The broker offers protection against negative balances, risk management with limit and stop orders, and mobile trading with the HF App in addition to the newly additional products, which are accessible through the MT5 platform.
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