HFM (former HotForex): Bonus cushion function and rules Does the bonus mean anything?

HFM

HFM is considered to be a relatively bonus-rich broker among the world’s Forex companies. Therefore, many people use HFM for bonuses, but be careful as there are unexpected pitfalls. Bonuses have rules, so make sure you understand them before using them.

Bonus rules of HFM, cushion function

HFM has a bonus, but there is a rule that the bonus disappears when the account balance becomes zero. Also, HFM basically does not have a cushion function, except for limited-time bonuses.

Bonus cushion feature

There are two types of bonuses: cushioned and non-cushioned. A bonus with a cushion function is a system that allows you to trade with just the bonus even if the account balance becomes negative. If there is no cushion function, it will automatically disappear when the balance becomes zero. In other words, it is easier to survive if there is a cushion function. If there is no cushion function, it ends when the balance reaches zero.

Account balance definition

There is one more caveat when trading with HFM. In HFM, the bonus points are reflected in the account balance as they are, so the deposit + bonus is displayed as the account balance. Since the account balance will be forcibly cut when the deposit amount reaches zero, for some reason the loss will be cut without permission even though the balance has not reached zero. In HFM, the loss cut line is set to the deposit amount.

Supercharge bonuses and credit bonuses

There is also a 100% deposit bonus for users, but each has its own pitfalls, so be careful.

supercharge bonus

The 100% Supercharged bonus is like a deposit bonus. In addition to 100% of the deposit amount, cashback will be given. However, there are the following restrictions.

  • Only for premium accounts
  • Make a deposit of $250 or more in a single deposit
  • Bonus payment amount is 100% of the deposit amount
  • Not have an account that received a 100% Supercharge bonus in the past

As you can see from this, only premium accounts are eligible. In the case of cashback, $ 2 is given for each transaction of 1 lot, and you can also withdraw. However, the bonus cannot be withdrawn. Furthermore, the bonus will disappear when you withdraw.

BonusCashback
Acquisition conditions$250 DepositTransactions over 2 minutes
Amount of money100%$2 per 1 lot
Max Bonus$50,000$8,000
Limit~Max Bonus ~Max Bonus
Bonus
Withdrawal conditions
×
Bonus
Revocation condition
All bonus lost
profit
Withdrawal conditions
All bonus lost

credit bonus

Please note that the 100% credit bonus is only applicable to Micro and Premium accounts. There are the following acquisition conditions.

  • Bonus payment amount is 100% of the deposit amount
  • No cashback
  • Withdrawal possible
  • Compatible accounts are micro accounts and premium accounts
Target accountMicro account MT4
Premium account MT4
Acquisition conditions$100
Amount of money100%
Max Bonus$30,000
Limit~Max Bonus
Bonus
Withdrawal conditions
Bonus
Revocation condition
All bonus lost
profit
Withdrawal conditions
All bonus lost

What do supercharge bonuses and credit bonuses have in common?

The common point between the supercharge bonus and the credit bonus is that the bonus disappears when the deposit balance reaches zero. In other words, it will be completely lost, so you need to be careful. And since the account types that can be acquired are also limited, if you make a mistake here, you may not be able to get the bonus in the first place.

Open a free account

If you want to use the bonus at HFM, you must also open an account. Please refer to the article below for instructions on how to open an account.

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