Last updated: 07 September 2026
It usually takes about 5 minutes to open an HFM account, but beginners often confuse myHF with a trading account, or get stuck at HFM account verification. The correct order is: create myHF, complete KYC, and only then open an HFM trading account on MT4/MT5.
This guide shows you how to open an HFM account the right way from the start — step by step on the web and through HFM app registration — and which Backcom link to use so you do not lose your cashback eligibility.
Before You Open An HFM Account: What To Prepare And Which Link To Use
To open an HFM account you go through three stages: (1) create a myHF profile with your email, phone number and a password; (2) verify your identity; (3) open an MT4/MT5 HFM trading account and pick the account type that fits you. The form-filling part is quick — the waiting is mostly KYC review.
HFM is the name HotForex has used since 2022. If you are still weighing up the regulation and licences first, read our HFM review before you open an account.
Here is roughly how long each stage takes, so you know when to start if you already have a trade in mind:
| Stage | What happens | Typical time |
|---|---|---|
| 1. Create myHF | Email, phone, OTP and Profile Details | About 5 minutes |
| 2. HFM account verification | Upload proof of identity and proof of address | About 48 hours for review |
| 3. Open an HFM trading account | Pick account type, MT4/MT5, currency and leverage | A few minutes |
| 4. Deposit and log in | Fund the account, then log in with ID, password and server | Depends on payment method |
What Documents And Details Do You Need?
| What to prepare | Notes |
|---|---|
| Use an email not already registered with HFM | |
| Phone number | An active number that can receive the OTP |
| Proof of identity | Passport, national ID card or driving licence, still valid |
| Proof of address | Bank statement or utility bill no older than 6 months |
| Account type | Cent, Premium, Pro, Pro Plus or Zero |
| Registration link | Choose No Markup or Markup 1 |
myHF is the HFM client area. You use it to upload documents, manage funds and open trading accounts under a single profile. One myHF can hold several trading accounts of different types.
Choosing Your Link: No Markup Or Markup 1?
If you want cashback through Backcom, pick the right link before you open an HFM account:
| Link | Spread | Indicative cashback | Best for |
|---|---|---|---|
| No Markup | Standard | around $12/lot | Scalpers, day traders |
| Markup 1 | Wider on SP43 | up to around $18/lot | Traders who prioritise a higher rebate |
No Markup uses Partner ID 30513100. Markup 1 uses the same Partner ID 30513100 plus Campaign ID p9o7f2ai25. Your actual rebate still depends on the symbol and the account type you trade.
Open an HFM No Markup account through Backcom
Open an HFM Markup 1 account through Backcom
If you are not sure how partner codes work, check the HFM cashback page first.
How To Open An HFM Account On Web: 7 Steps
This is how to open an HFM account on a computer. Use an incognito window and go through the exact Backcom link you chose, so the tracking is not dropped while you register.
- Open the registration link: pick No Markup or Markup 1, then click “Register” or “Open Account”.
- Select your country and enter your email: use an email you own, so you can receive the confirmation code.
- Confirm your email: open the message from HFM and enter or click the activation code.
- Verify your phone number: enter your personal number and the OTP sent to it.
- Complete Profile Details: full name exactly as it appears on your ID, date of birth and personal information.
- Check the Partner/Campaign ID: No Markup uses 30513100; Markup 1 adds Campaign ID p9o7f2ai25. If the field is empty, go back through the link or enter the code as the interface allows.
- Enter myHF: once the profile is created, move on to HFM account verification before you deposit anything.
At this point you have only finished the registration itself. You do not yet have an HFM trading account you can place orders from on MT4/MT5.
HFM App Registration: Open An HFM Account In 6 Steps
HFM app registration suits anyone who wants to handle KYC and manage the account straight from a phone.
- Download the official HFM App from the App Store or Google Play. HFM currently states support for iOS 16 and above and Android 10 and above. Only download from the official HFM site or the app stores — never install an APK sent to you in a message.
- Tap Register: select your country, enter your phone number and the OTP.
- Enter your email: receive the activation code and confirm it.
- Create a password: follow the security requirements shown in the app.
- Fill in Profile Details: name, date of birth and personal details must match your KYC documents.
- Check Partner & Campaign ID: under the current Backcom guidance, an existing account can go to Set Partner & Campaign ID and enter 30513100.
For a brand new account, open the Backcom referral link in your mobile browser first, so the partner code is recorded from the very beginning. The app is more convenient for photographing KYC documents; the web is better if your documents are already saved on a computer.
Whichever route you take, you end up in the same myHF profile. Nothing stops you from starting the process in the browser and finishing it in the app — you only open an HFM account once, and both surfaces read the same profile.
Which one you choose depends on your situation:
| Criteria | Registering on web | Registering on app |
|---|---|---|
| Number of steps | 7 | 6 |
| Uploading KYC documents | Pick a JPG/PDF already on your computer | Photograph them directly with the camera |
| Entering the partner code | Recorded from the link, easy to check on a large screen | Open the Backcom link in the mobile browser first |
| Managing the account afterwards | Full myHF functionality | Handy for quick monitoring, deposits and withdrawals |
| Best when | Your documents are already scanned | You want to do everything on your phone |
Open An HFM Demo Account Before Going Live
You are not required to deposit immediately after you open an HFM account. If the platform is new to you, open a demo account inside the same myHF and get used to it first.
The process is the same as for a live account: go to myHF or the HFM App, choose to open a new account, select Demo instead of Live, then pick MT4/MT5, the currency and the leverage.
A demo account lets you check three things before real money is involved:
- How to place orders, set stop loss and take profit on MT4/MT5.
- The spreads shown on the exact account type you plan to use.
- How the platform behaves during volatile sessions.
Three things to keep in mind about demo:
- The balance is virtual. Trading psychology on demo is nothing like real money, so demo results do not tell you how much loss you can actually tolerate.
- Execution conditions can differ. Spreads and fill speed on demo do not always match a live account of the same type.
- Demo generates no cashback. Only trades on an eligible live account count towards a rebate.
Using demo does not replace KYC either. Complete HFM account verification in parallel, so you are not waiting on document approval the day you decide to go live.
HFM Account Verification (KYC): Documents, Upload And Review Time
HFM account verification is the step that unlocks full use of a live account. HFM states that documents are checked by its verification department within roughly 48 hours, and that deposits are only credited once your documents are approved and myHF is activated.
Documents Required For HFM Account Verification
HFM asks for at least two categories of document:
- Proof of Identification: a valid passport; if you do not have one, a national ID card or photo driving licence.
- Proof of Address: a bank statement or utility bill no older than 6 months, clearly showing your full name and address.
The name on your ID must match the name on your proof of address. Photos should be sharp, complete and unedited.
3 Ways To Upload Your Documents
- Photograph them directly with your phone inside the HFM App.
- Follow the camera/webcam flow on the web if the interface offers it.
- Upload a JPG/PDF file in the verification area of myHF.
How Long Does Approval Take And Why Do Documents Get Rejected?
According to the official HFM FAQ, documents are reviewed by the verification department within about 48 hours of a complete upload.
The usual reasons for a rejection are blurred photos, expired documents, a name mismatch, or proof of address older than 6 months. If that happens, read the notice in myHF or in your email and re-upload exactly the document being asked for.
A rejection does not cancel your registration. Your myHF profile stays exactly as it is; only the verification status resets, and you can re-upload as many times as needed. What it does cost you is time — which is why it pays to send clean documents the first time rather than after you open an HFM account and want to deposit the same day.
After Registration: Open An HFM Trading Account, Deposit And Log In To MT4/MT5
Once you have opened an HFM account and cleared KYC, you still need to create a separate HFM trading account inside myHF or the HFM App before you can place any orders.
Open An HFM Trading Account: Choose Account Type And Platform
In myHF or the app, select Open Trading Account, then choose the account type, MT4 or MT5, the base currency and the leverage that suits you.
| Account type | Key characteristic | Best for |
|---|---|---|
| Cent | Micro position sizing | Beginners with small capital |
| Premium | No commission | General-purpose traders |
| Pro | Tighter spreads | Frequent traders |
| Pro Plus | Improved conditions versus Pro | Traders with higher volume |
| Zero | Spreads from 0 pips, commission applies | Scalpers and EAs |
You can run several trading accounts under one myHF. If you are unsure which type to pick, our breakdown of HFM trading fees compares the real cost per lot on each of them.
Your First Deposit
Once KYC is approved, go to Deposit and choose one of the available payment methods. The minimum deposit depends on both the account type and the method, so check it inside myHF at the moment you fund the account.
Do not assume a single minimum applies to every account type or every payment method.
Logging Your HFM Trading Account Into MT4/MT5
When you open an HFM trading account, the system issues an account ID, a trading password and a server name. Use those three details to log in to MetaTrader 4 or MetaTrader 5 on desktop or mobile.
If you open an HFM account through the correct link and partner code, you get part of your trading cost back on every lot you trade. The rate varies by account type and instrument, so check the current figures on the HFM cashback page before you start trading.
Common Errors When You Open An HFM Account And How To Fix Them
- No activation email: check Spam and Promotions, then request the code again.
- Phone number already in use: recover the old account or contact HFM. Do not create a second myHF under the same identity.
- Documents rejected: re-photograph them sharply and in full; proof of address must be within 6 months.
- Forgot to enter the partner code: check Set Partner & Campaign ID, enter 30513100 if your account is eligible, then contact Backcom to confirm the transfer.
- Picked the wrong link (No Markup vs Markup 1): ask Backcom before you deposit — do not open a second myHF yourself.
- Accidentally created two myHF profiles: contact HFM for instructions on resolving the duplicate.
Frequently Asked Questions
Does It Cost Anything To Open An HFM Account, And What Is The Minimum Deposit?
It is free to open an HFM account. The initial deposit depends on the account type and payment method — some accounts currently start from $0 — but check the live figures and trading limits inside myHF.
How Long Does HFM Account Verification Take?
The HFM FAQ puts document processing at around 48 hours. Start HFM account verification right after registration so you are not waiting when you want to deposit or trade.
How Many HFM Accounts Can One Person Open?
One client should use one myHF profile with several trading accounts beneath it. You can open as many HFM trading account variants as you need, but do not create multiple myHF profiles under the same identity.
Should I Register On The App Or The Web?
The end result is the same. HFM app registration is more convenient for camera-based KYC and managing the account on your phone; the web works better when your documents are on a computer or you prefer a large screen.
How Long Does It Take To Open An HFM Account?
Creating the myHF profile usually takes about 5 minutes. To actually use the account, add the KYC review — about 48 hours per HFM — plus the time to open a trading account afterwards. Start earlier than the day you intend to place your first trade.
Can I Open An HFM Account Without A Passport?
Yes. A passport is the preferred document, but HFM also accepts a national ID card or a photo driving licence for Proof of Identification. What matters more is that the document is still valid, fully readable in the photo, and carries the same name as your proof of address.
Do I Have To Deposit Straight After Registering?
No. You can open an HFM account, complete KYC and then open a demo account to get familiar first. Only deposit once your documents are approved and you have settled on the right trading account type.
I Already Have An HFM Account — Can I Still Get Cashback?
Possibly. Under the current Backcom guidance, existing clients can go to the HFM App → Set Partner & Campaign ID → enter 30513100, then contact Backcom to check the partner transfer.
Once the transfer goes through, create a new trading account. You can find the current rates and payout schedule on the HFM cashback page.
Conclusion
To open an HFM account you go through three stages: create myHF, complete HFM account verification, and open an MT4/MT5 trading account. Before you start, choose the right No Markup or Markup 1 link and check the partner code.
If you want to trade and cut your costs at the same time, register through Backcom HFM, finish KYC immediately after creating the account, and only deposit once your documents are approved.
