HM markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-04 18:03

Abstract：HM Markets, launched in 2023 in the US, operates unregulated, offering forex, futures, and indices trading via web and mobile platforms. Despite providing a variety of trading instruments, 24/7 futures trading, and up to 1:100 leverage, its lack of transparency, educational resources, and regulatory oversight impacts fund security and reliability for potential traders.

Company Name	HM Markets
Registered Country/Area	United States
Founded Year	2023
Regulation	United States National Futures Association; Unauthorized; Common Financial Service License
Tradable Assets	Forex (over 50 spot and forward FX currency pair CFDs), Futures, Indices
Maximum Leverage	1:100
Trading Platforms	Web trader, iOS, Android
Demo Account	Unavailable
Customer Support	Email: support@hmmarketsvip.com; Phone: +81 80-8050-7965; Address: 1 World Trade Center, NY, USA
Educational Resources	Unavailable

Overview of HM markets

　　Founded in 2023 and headquartered in the United States, HM Markets operates without regulation from the United States National Futures Association with a Common Financial Service License. It currently functions without transparency regarding its service specifics, including account types and fees. Specializing in forex, futures, and indices, HM Markets offers trading via web, iOS, and Android platforms. The broker's lack of disclosed educational resources and demo accounts indicates challenges for traders seeking thorough support and transparent operations.

Pros and Cons

Pros	Cons
Offers three types of trading products	Unregulated
Leverage up to 1:100	Does not offer demo accounts
Provides three customer support options

Is HM markets legit?

　　HM Markets is associated with the domain hmmarkets.com, which was registered on November 12, 2022, and is set to expire on November 12, 2025. The domain is registered through Spaceship, Inc. However, it is unregulated.

Market Instruments

　　HM Markets provides 3 types of market instruments, including Forex, futures, and indices.

Tradable Instruments	Supported
Forex	✔
Futures	✔
Indices	✔

Leverage

　　HM Markets provides trading leverage up to 1:100.

Trading Platform

　　HM Markets offers a versatile trading platform accessible through web trader interfaces and mobile applications for iOS and Android systems. But it does not support MT4 and MT5.

Trading Platform	Supported	Available Devices	Suitable for
HM Markets platform	✔	Mobile ( iOS and Android) and web	Both Beginner and Experienced Trader
MT5	❌	Mobile and Desktop（Windows & macOS）	Experienced Trader
MT4	❌	Mobile and Desktop（Windows & macOS）	Beginner