HFM, formerly HotForex, offers traders a dynamic trading experience by letting them to select from four distinct types of regulated trading accounts that are tailored to their unique needs, goals, risk tolerances, and trading styles. These accounts are classified as micro, premium, zero spread, and HFCopy.
The HF Copy platform from HFM is an excellent copy trading solution. It's a win-win situation for everyone concerned, as well as a fantastic potential for signal suppliers to profit (35% performance fee on every copy trade).
Founded in 2010, HFM is an established branch of HF Markets with a global reputation as a reliable broker. HFM has the highest level of regulation from CySEC, FCA, DFSA, FSCA, and the FSA.
Now, HFM is officially a regulated CMA broker. We'll explore what this means for Kenyan traders, and learn more about this leading Forex broker.
What CMA regulation means for Kenyan traders
The CMA is in charge of capital market regulation in Kenya, including the Nairobi Securities Exchange (NSE) and the bond market. The Securities Act, the Capital Markets Act, and the Code of Conduct for Market Intermediaries have all been implemented by the CMA.
The CMA also supervises brokers, ensuring that they are licenced, meet all regulations, and follow ethical standards. Choose CMA-regulated brokers in Kenya for trading because they are safe.
As such, Kenyan traders can rest assured known that opening account with HFM will provide them with access to all of the broker's great trading features, including a low HFM minimum deposit and tight spreads, within a safely regulated environment.
Trading conditions at HFM Kenya
HFM is a proud MetaTrader broker, providing trading platforms for MetaTrader 4 and MetaTrader 5. HFM's retail investor accounts are appropriate for both rookie and expert traders, as well as professional traders seeking a competitive edge in their trading.
Each retail trading account has its own set of features and trading conditions to accommodate traders with varied trading styles, trading abilities, and investment objectives. HFM has won over 55 forex industry awards in the last decade and has over 2.5 million active accounts.
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Security when trading
HFM maintains segregated accounts with top-tier financial institutions. Furthermore, the broker is covered by Civil Liability insurance up to EUR5,000,000. This programme protects traders from financial loss due to errors, carelessness, omissions, and other forms of fraud.
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Negative balance protection is a risk management feature accessible to all retail trading accounts at HFM.
Because of HFM's negative balance protection, when margin calls and stop-outs fail, the customer's account does not have to be reimbursed to the broker. This safeguard is in effect regardless of market volatility.
Registering for an account with HFM
Kenyan traders can visit HFM's official website and register for an account from the homepage. Traders must fill out an online application form with personal, financial, job, and trading information.
Before their account may be authorised, traders must authenticate their email address and provide paperwork establishing their identity and dwelling address as part of the Know Your Customer (KYC) procedure.
Traders will be able to deposit funds and begin trading as soon as their application has been approved.
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
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