| HF Markets Minimum Deposit Summary | |
|---|---|
| HF Markets Minimum Deposit | $0 (MYR 0) |
| Deposit Methods | Credit/Debit Card, Bank Wire Transfer, e-Wallets |
| Account Types | Cent Account, Premium Account, Pro Account, Pro Plus Account, Zero Account |
| Deposit Fees | No Fees |
| Account Base Currencies | USD |
| Withdrawal Fees | No Fees |
| Visit HF Markets | |
HF Markets minimum deposit in Malaysia is $0 (MYR 0).
Let’s explore the minimum deposit requirements of HF Markets, available payment methods, deposit fee, deposit and withdrawal processing time, step-by-step guide to deposit and more, in this review.
What is the minimum deposit for HFM
The minimum deposit on HFM is 50 MYR via local bank transfer, other payment methods have different minimum deposit.
However, HF Markets have different account types that require different minimum deposit amounts to activate and start trading. Here is a summary:
1) Premium Account: Tailored for retail clients, the HF Markets Premium Account doesn’t enforce a mandatory minimum deposit. You can deposit any amount you prefer.
2) Pro Account: Designed for experienced retail traders, the HF Markets Pro Account requires a minimum deposit of MYR 478 ($100).
3) Zero Account: Ideal for retail clients engaging in high-volume trading, utilizing EAs, and seeking lower spreads, the HF Markets Zero Account doesn’t demand a mandatory minimum deposit.
4) Cent Account: Specifically crafted for new traders, the HF Markets Cent Account allows trading in forex and gold exclusively. There’s no mandatory minimum deposit, and the account balance is denoted in Cents (United States Cents), where $10 is represented as 1,000 cents.
5) Top-up Bonus Account: Designed for retail clients, the HF Markets Top-up Bonus Account doesn’t impose a mandatory minimum deposit.
Read more on HFM’s account in our HF Markets review.
Accepted Deposit Methods on HFM Malaysia
HF Markets offers a number of options for depositing funds. Here’s what you can use:
1) Credit/Debit Cards: The classic choice, Visa and MasterCard are widely accepted on HF Markets. The minimum deposit via this method is 24 MYR ($5) Deposits via cards on HFM are credited within 10 minutes.
Minimum withdrawal via cards on HFM is 24 MYR ($5). It takes about 2 to 10 business days for you to receive the funds after initiating a withdrawal.
2) Bank Wire Transfers: Good for larger deposits, you can make deposits to your HFM Account through your local bank in Malaysia using Ringgit (MYR). Bank transfer deposits are credited instantly.
The minimum deposit for bank transfer deposit on HFM in Malaysia is 50 MYR.
The minimum withdrawal via bank transfer is 72 MYR($15) and it takes up to 2 business days funds to reach your account.
3) E-wallets: Popular options like Skrill and Neteller are supported for deposits on HF Markets. E-wallet deposits are credited within 10 minutes to your trading account. The minimum deposit amount for e-wallets on HF Markets is MYR 24 ($5).
Minimum withdrawal with e-wallets on HFM is also 24 MYR ($5) and it takes only 10 minutes for you to receive the funds or it happens instantly.
Note: CFD trading is risky
HF Markets Deposit Methods Table
Here is a summary of payment methods accepted by HF Markets for deposits.
| Deposit Methods | Availability | Minimum Deposit | Charges | Processing time |
|---|---|---|---|---|
| Internet banking/bank transfers | Yes | MYR 50 | Free | Instant |
| Cards | Yes | MYR 24 | Free | 10 minutes |
| E-wallet | Yes (Skrill & Neteller) | MYR 24 | Free | 10 minutes |
HF Markets Deposit Rules
1. Deposit Fees: HF Markets does not charge any deposit or withdrawal fees. Nonetheless, the third-party payment processing platform you use, such as your bank or card, may impose independent transaction fees.
2. Deposit Time: You can initiate deposits and withdrawals from your trading account at any time, on any day. However, in cases where instant processing is not feasible, you may experience a wait time of up to 24 hours for deposits and up to a few days for withdrawals.
3. Payment Source: HF Markets only accepts deposits from payment methods (bank account and cards) that are in the same name as the name used on your HFM trading account.
Withdrawals are also only made to same sources you have used to make deposits and must bear your name as well. HFM does not process payments from or to a third party account.
How do I deposit into my HFM account?
Step 1) Begin by logging into your dashboard either through the HF Markets website or via my.hfm.com/sv/login.
Step 2) Once logged in, navigate to the left column menu (desktop view) and click on ‘Deposit’. Choose ‘Bank Transfers’ (or your preferred payment method), then select ‘Direct Online Banking’ to proceed with deposits in Ringgit.
Step 3) On the Direct Online Banking page, input the desired amount in MYR, verify your address and email, then click ‘Deposit’.
Step 4) A pop-up window will appear for selecting either Online Bank Wire or QR Code Payment. Choose Online Bank Wire, choose your bank, and follow the provided instructions to finalize your deposit.
Step 5) Upon successful deposit, the funds will be credited to your myWallet. Transfer these funds to a trading account on your dashboard to commence trading.
Locate ‘Transfer Funds’ on the left side menu, enter the transfer amount, click ‘start transfer’, and follow the on-screen prompts to complete the transfer.
Note: Please keep in mind that HF Markets only approves deposits from accounts or payment methods that bear the same name as your HF Markets trading account.
Comparison Of HF Markets Minimum Deposit With Other Brokers
Here is a comparison of HF Markets minimum deposit with that of their competitors.
| Broker | Minimum Deposit |
|---|---|
| HF Markets | MYR 0 |
| Exness | MYR 48 ($10) |
| OctaFX | MYR 100 |
| Plus500 | MYR 500 |
| AvaTrade | MYR 478 ($100) |
| XM | MYR 24 ($5) |
Note: CFD trading is risky
HF Markets Malaysia Minimum Deposit FAQs
What is the minimum deposit for HFM zero account?
$0. The Zero Account on HF Markets requires no mandatory minimum deposit. You can activate the account without any deposit, however to start trading, you must make a deposit, and the minimum deposit you can make via the payments method is MYR 50 or $5.
How long does HFM deposit take?
Credit/debit card payments and e-wallets are usually instant or within 10 minutes. Local bank transfers in MYR are deposited instantly while international bank wire transfers may take a few business days to reflect on your account. The processing time for your deposits to show in your account depends on your chosen deposit method.
How much does it cost to start trading on HFM?
HF Markets has accounts with no mandatory minimum deposits, but to start trading on HF Markets platform, you will need to deposit a minimum of MYR 50 or $5. HFM does not charge any deposit fees, but you will pay spread on the trades you initiate.
What is the minimum deposit for HFM in Malaysia?
The minimum deposit on HF Markets is MYR 50 via local bank transfers. The minimum deposit is MRY 24 ($5) with cards or e-wallets.
Does HF Markets Charge for Deposits?
HF Markets generally doesn’t charge deposit fees. That means any time you top up your trading account, the entire amount arrives intact.
Does HFM give no deposit bonus?
HFM offers 20% deposit bonus on all transfers to your trading account. This bonus is capped at a maximum of 23,883 MYR ($5,000). This is called ‘Top-up bonus’, it is available to all clients and while you cannot withdraw the bonus, any profits realised from using it to trade can be withdrawn.
Note: Your capital is at risk