HFM Review for Tanzanian Traders
Details on this page have not yet been independently verified by our editors.
SaveQuick facts
- Regulators
- FCA, CySEC, FSCA
- Minimum deposit
- 5 USD (varies by account and payment method)
- Platforms
- MetaTrader 4, MetaTrader 5, Broker web/mobile app
- Demo account
- Yes
- Mobile app
- Yes
- Account currencies
- USD
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Details on this page have not yet been independently verified by our editors.
Regulation
| Regulator | Entity | Licence | Verified |
|---|---|---|---|
| Financial Conduct AuthorityUnited Kingdom | - | - | Not yet |
| Cyprus Securities and Exchange CommissionCyprus | - | - | Not yet |
| Financial Sector Conduct AuthoritySouth Africa | - | - | Not yet |
Always confirm a licence on the regulator's own website before depositing money, and check which entity your account will be opened with.
Trading platforms
-
MetaTrader 4
-
MetaTrader 5
-
Broker web/mobile app
HFM app
Account types and minimum deposit
| Account | Min. deposit | Spread | Commission | Max. leverage |
|---|---|---|---|---|
| Cent | 0 USD | Variable | - | - |
| Premium | 0 USD | Variable | None | - |
| Zero | 0 USD | From 0.0 pips | Per lot | - |
| Pro | 100 USD | Variable | None | - |
Spreads and fees
- Spreads
- Not yet verified.
- Commissions
- Not yet verified.
Spreads vary with market conditions. Overnight (swap) fees may apply to positions held past the daily rollover.
Deposits and withdrawals from Tanzania
| Method | Deposit | Withdrawal | Fees | Time |
|---|---|---|---|---|
| Peer-to-peer (P2P) Local | Yes✓ | Yes✓ | - | - |
| Cryptocurrency (e.g. USDT) | Yes✓ | Yes✓ | - | - |
| International bank wire | Yes✓ | Yes✓ | - | - |
| Neteller | Yes✓ | Yes✓ | - | - |
| Skrill | Yes✓ | Yes✓ | - | - |
| Visa / Mastercard | Yes✓ | Yes✓ | - | - |
Mobile trading and demo account
- Mobile trading
- Yes
- Free demo account
- Yes
New to trading? Practise on a demo account first. Our lesson on opening a demo account explains how.
Strengths and important considerations
Strengths
- Very low minimum deposit of $5
- Multiple regulated entities, including FSCA (South Africa)
- Wide range of account types and instruments
Alternative brokers
Compare HFM with these brokers
Official website
Before opening an account, read the broker's client agreement, check the regulator's register and practise on a demo account.