Exness Review
HFM Sign Up Bonus
HFM does not offer a Signup Bonus for Botswana Traders. The broker is considered trustworthy, with an overall Trust Score of 9 out of 10. HFM is regulated by HFM Investments Limited.
- Louis Schoeman
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Sign Up Bonus
Referral Bonus
Additional Broker Bonuses
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
CySEC, FCA, DFSA, FSCA, FSA, CMA
Trading Desk
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
0
Account Activation Time
24 Hours
HFM at a Glance
| 🏛 Headquartered | Cyprus |
| 🌎 Global Offices | Seychelles, South Africa, Dubai, UK, Kenya |
| 🏛 Local Market Regulators in Botswana | • Ministry of Finance and Economic Development (MFED) • Bank of Botswana (BoB) • Non-Bank Financial Institutions Regulatory Authority (NBFIRA) |
| 💳 Foreign Direct Investment in Botswana | 115.89 BWP Million in 2021 |
| 💰 Foreign Exchange Reserves in Botswana | 5270 USD Million in 2021 |
| ✔️ Local office in Gaborone? | No |
| 👨⚖️ Governor of SEC in Botswana | None, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana |
| ✔️ Accepts Botswana Traders? | Yes |
| 📊 Year Founded | 2010 |
| 📞 Botswana Office Contact Number | None |
| 📱 Social Media Platforms | • Facebook • YouTube • Telegram |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 1️⃣ Tier-1 Licenses | • Financial Conduct Authority (FCA) |
| 2️⃣ Tier-2 Licenses | • Financial Sector Conduct Authority (FSCA) • Cyprus Securities and Exchange Commission (CySEC) • Capital Markets Authority (CMA) • Dubai Financial Services Authority (DFSA) |
| 3️⃣ Tier-3 Licenses | • Financial Services Authority (FSA) • Financial Services Commission (FSC) |
| 🪪 License Number | • South Africa – FSP 46632 • Cyprus – 183/12 • Dubai – F004885 • Seychelles – SD015 • United Kingdom – 801701 • Mauritius – 094286/GBL • Kenya – CMA license 155 |
| ⚖️ MFED, BoB, or NBFIRA Regulation | No |
| ✔️ Global Restrictions | • France ACPR – 53684 • Germany BaFin – 132342 • Hungary MNB – K8761153 • Italy CONSOB– 3673 • Norway – FT00080085 • Spain CNMV – 3427 • Sweden FI – 31987 • Austria FMA • Bulgaria FSC • Croatia HANFA • Czech Republic CNB • Denmark Finanstilsynet • Estonia FSA • Finland FSA • Greece HCMC • Iceland FME • Central Bank of Ireland • Latvia FKTK • Liechtenstein FMA • Lithuania Lietuvos Bankas • Luxembourg CSSF • Malta MFSA • Poland KNF • Portugal CMVM • Romania ASF • Slovakia NBS • Slovenia ATVP |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 5 |
| ✔️ PAMM Accounts | No |
| 💻 Liquidity Providers | Barclays UK, BNP Paribas, and others |
| ✔️ Affiliate Program | Yes |
| 📱 Order Execution | Market |
| 📊 Starting spread | 0.0 pips |
| 📉 Minimum Commission per Trade | $3 to $4 |
| 💰 Decimal Pricing | 5th decimal pricing after the comma |
| 📞 Margin Call | Between 40% to 50% |
| 🛑 Stop-Out | Between 10% and 20% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 60 lots |
| ✅ Crypto trading offered? | Yes |
| ✔️ Offers a BWP Account? | No |
| 📉 Dedicated Botswana Account Manager? | Yes |
| 📈 Maximum Leverage | 1:2000 |
| 📊 Leverage Restrictions for Botswana? | No |
| 💳 Minimum Deposit (BWP) | 0 BWP or an equivalent to $0 |
| ✔️ Botswana Pula Deposits Allowed? | Yes |
| 📊 Active Botswana Trader Stats | 250,000+ |
| 👥 Active Botswana-based HFM customers | Unknown |
| 🔁 Botswana Daily Forex Turnover | Unknown, Forex overall is $6.6 Trillion |
| 💰 Deposit and Withdrawal Options | • Bank Wire Transfer • Electronic Transfer • Credit Card • Debit Card • Skrill |
| 💻 Minimum Withdrawal Time | 10 Minutes |
| ⏰ Maximum Estimated Withdrawal Time | 10 business days |
| 💳 Instant Deposits and Instant Withdrawals? | No |
| 🏛 Segregated Accounts with Botswana Banks? | No |
| 📱 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • HF App |
| 💻 Tradable Assets | • Forex • Precious Metals • Energies • Indices • Shares • Commodities • Cryptocurrencies • Bonds • Stocks DMA • ETFs |
| ✔️ Offers USD/BWP currency pair? | No |
| 📊 USD/BWP Average Spread | None |
| ✅ Offers Botswana Stocks and CFDs | No |
| 💻 Languages supported on the Website | 20 Languages |
| ☎️ Customer Support Languages | Multilingual |
| 👥 Copy Trading Support | Yes |
| ⏰ Customer Service Hours | 24/5 |
| 📞 Botswana-based customer support? | No |
| 💸 Bonuses and Promotions for Botswanans? | No |
| 📚 Education for Botswanan beginner traders | Yes |
| 📱 Proprietary trading software | Yes |
| 🤝 Most Successful Trader in Botswana | Unknown |
| ✔️ Is HFM a safe broker for Botswana Traders? | Yes |
| 🎖 Rating for HFM Botswana | 9/10 |
| 🥇 Trust score for HFM Botswana | 85% |
| 👉 Open Account | 👉 Open Account |
Sign-up Bonus
HFM does not offer a sign-up bonus.
When Botswana traders register a real account with HFM, they are not given a sign-up bonus or a no-deposit bonus that gives them free trading credit without the need for an initial deposit.
However, Botswanans who register, verify their real account, and deposit funds, are eligible for:
➡️ A welcome bonus of 50% will be awarded to traders who open a Micro Account on the MetaTrader 4 platform and make a deposit of at least 50 dollars.
➡️ A 100% boosted deposit bonus for traders who deposit $250 or more. Traders may get cash refunds of $2 for each lot if they take advantage of this benefit, which can accrue to a total of $50,000.
➡️ A rescue bonus of 30%, up to $7,000, on any deposits of more than $50.
What is the Sign-up Bonus offered by HFM?
The Sign-up Bonus offered by HFM (Hedge Fund Manager) is a promotional incentive designed for new clients who open trading accounts with the company. This bonus typically provides new traders with an additional trading capital boost upon registering and funding their accounts.
Are there any conditions or requirements to receive the Sign-up Bonus from HFM?
Yes, the Sign-up Bonus from HFM typically comes with specific terms and conditions that traders should be aware of. These conditions may include minimum deposit requirements, trading volume targets, and a time frame within which the bonus must be claimed and used.
Referral Bonus
HFM does not provide a referral bonus to new or existing Botswana traders.
The most effective and best way for brokers to acquire new customers is via referral incentives, which enable current customers to share a unique referral code with their loved ones.
Referral incentives are an excellent method for traders to spread the word about a broker’s services and attract new clients through word of mouth. To make money, traders just need to establish a legitimate trading account and share their unique referral links with friends and relatives.
After registering a real account with the broker (not a demo account) and making the required minimum deposit, referrals may be required to trade a specified volume to qualify for the bonus.
If the conditions are satisfied, both the trader and the person they recommend are now eligible for the referral incentive.
What is the Referral Bonus offered by HFM, and how does it work?
The Referral Bonus provided by HFM (Hedge Fund Manager) is a reward program designed to incentivize existing clients to refer new traders to the platform. When an existing client refers a friend or acquaintance to HFM, and the referred trader opens and funds a trading account, both the referrer and the referee can receive a bonus.
What is the HFM Referral Bonus, and how does it work? The HFM Referral Bonus is an attractive incentive program that allows existing clients to earn rewards by referring new traders to the platform. To participate, you need to have an active trading account with HFM. Once you’re a registered client, you can refer friends, family, or colleagues to join HotForex as traders. When your referrals sign up, deposit funds into their accounts, and meet specific trading volume requirements, you and your referred friends can both receive bonus rewards.
What are the conditions or requirements for receiving the HFM Referral Bonus?
The HFM Referral Bonus typically comes with specific conditions and requirements. These may include minimum deposit thresholds that your referred friends must meet, minimum trading volume targets that need to be reached, and a specified time frame within which the bonus must be claimed and used.
Additional broker bonuses, promotions, and rewards
HFM also provides a broker bonus by offering Botswana traders a 100% credit bonus, subject to certain trading volume restrictions. Four unique levels of awards are bestowed on HFM’s loyal customers according to their trading activity.
➡️ HFM Red is the initial level earned by traders after registering for the loyalty program.
➡️ HFM Silver is attained after 31 active trading days.
➡️ HFM Gold is attained after 62 consecutive trading days.
➡️ HFM Platinum is attained after 105 consecutive trading days.
Additionally, HFM provides a comprehensive trading bonus and several competitions, including:
➡️ Traders Awards 2024
➡️ Demo Account trading contest
➡️ HFM Merchandise
➡️ Festive Phrase Contest
➡️ The Checkered Flag Contest
What other bonuses, promotions, and rewards does HFM offer to its traders?
In addition to the Referral Bonus program, HFM offers a wide range of bonuses, promotions, and rewards to enhance the trading experience for its clients. These can include Deposit Bonuses, where traders receive a bonus on their deposits, and Loyalty Programs that reward traders for their continued trading activity.
What are the terms and conditions associated with HFM additional bonuses and promotions?
Each of HFM bonuses and promotions comes with its own set of terms and conditions that traders should carefully review. These conditions may include minimum deposit requirements, trading volume targets, and specific time frames during which the bonuses must be claimed and used.
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
CySEC, FCA, DFSA, FSCA, FSA, CMA
Trading Desk
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
0
Account Activation Time
24 Hours
HFM Botswana Pros and Cons
| ✔️ Pros | ❌ Cons |
| Botswanans can benefit from the deposit bonus offered | HFM does not currently offer a no-deposit bonus or a sign-up bonus to newly registered traders |
| HFM is one of the best brokers for retail traders, and the broker helps clients by offering a rescue bonus | HFM does not offer a referral bonus |
| Botswanans have access to a demo account contest, which many other brokers do not offer |
Verdict on HFM
Overall, HFM is very competitive in terms of its trading fees and spreads.
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Conclusion
Now it is your turn to participate:
Do you have any prior experience?
What was the determining factor in your decision to engage?
Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
Have you experienced any issues such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
Regardless, please share your thoughts in the comments below
Frequently Asked Questions
Do I get a bonus when I sign up for an HFM account?
HFM does not currently offer a sign-up bonus or no-deposit bonus that is automatically credited to your trading account once you verify your HFM account.
Can I withdraw my HFM bonus?
You cannot withdraw the trading credit that you receive from HFM.
Does my HFM demo account qualify for a bonus?
HFM offers a demo trading contest specifically for demo account holders.
How much must I deposit to be eligible for the HFM deposit bonus?
You must deposit at least 50 USD / 640 BWP into a Micro Account to qualify for the 50% deposit bonus.
What can I do with the HFM trading credit that I get?
You can use the trading credit to trade live markets, allowing you to make profits that you can withdraw.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
