One of the reasons to choose HFMarkets Sri Lanka is the flexibility to choose an account based on the risk appetites and trading volumes. Offering 6 types of accounts, this broker provides more accurate pricing with 5 decimal places and market execution.
1. Micro Account
This account is intended for new traders who tend to trade smaller volumes. The minimum deposit is also lower, just 5 USD, with a minimum trade size of 0.01 lots and a maximum of 150 open orders. Using Micro account, traders can enjoy leverage up to 1:1000 and variable spread from 1 pip with no commission. Traders can choose USD, EUR, NGN, or JPY as their base currency in MT4, MT5, WebTrader, and mobile trading platforms.
2. Premium Account
Premium account can be considered as the standard account offered by HFMarkets Sri Lanka, available in USD, EUR, NGN, and JPY. It is more suitable for experienced retail traders. To make use of leverage as high as 1:500 and variable spread starting from 1 pip in MT4, MT5, WebTrader, and mobile trading platforms, traders only need to deposit 100 USD. They can open up to 300 orders with a minimum trade size of 0.01 lots. All transactions are free of commission.
3. Zero Spread Account
As the name suggests, this account offers variable spread as low as 0 pip. Zero Spread account is especially useful for scalpers, high-volume traders, and traders who use Expert Advisors. The minimum deposit is quite high, which is 200 USD, but traders will be able to enjoy leverage up to 1:500, open a maximum of 500 orders, and trade with a minimum volume of 0.01 lots. This account can be accessed on MT4, MT5, WebTrader, and mobile trading platforms in 4 currencies: USD, EUR, NGN, and JPY. There is a commission fee starting from 0.03 USD per 1,000 lots.
4. Auto Account
Auto account is a unique account offered by HFMarkets Sri Lanka. Traders can subscribe to free and paid trading signals from the MQL5 community, so this account is beneficial for those who are not yet confident with their trading skills. By depositing at least 200 USD, they can make use of leverage as high as 1:500, floating spread from 1 pip, and zero commission. The minimum trade size is 0.01 lots and the maximum open orders is 300. All transactions can be conducted via MT4, WebTrader, and mobile trading platforms in USD and EUR.
5. PAMM Account
PAMM account is different from the previous four accounts. In this account, traders can invest their funds by joining hands with Fund Managers without having to trade by themselves. The Fund Managers will act as professional traders who trade on your behalf.
There are two available options for PAMM account: Premium and Premium Plus. Both accounts are only available in USD with maximum leverage of 1:300 and a maximum of 500 open orders via MT4 platform. To use this account, traders must deposit at least 250 USD. PAMM Premium account offers floating spread starting from 1.3 pips with no commission, while Premium Plus account offers a tighter spread starting from 0.4 pips but with a commission fee of 8 USD round turn.
6. HFCopy Account
As a USD-based social trading account, HFCopy account is offered to both Strategy Providers and Followers. Strategy Providers are professional traders who provide strategies in exchange for a performance fee of up to 50%, while Followers are traders who copy the Strategy Providers' trades.
Strategy providers can deposit a minimum of 500 USD and followers a minimum of 100 USD. The maximum leverage offered is 1:400 with floating spread as low as 1 pip. Traders can have up to 300 open orders and trade a minimum of 0.01 lots in MT4, WebTrader, and mobile trading platforms.
All traders are welcome to try HFMarkets Sri Lanka's Demo account to closely simulate the real trading environment. There is no usage limit for this account, and it can be accessed via MT4, MT5, WebTrader, and mobile trading platforms. Traders will receive up to 100,000 USD virtual balance to trade using this account.
HFMarkets Sri Lanka also provides an Islamic account for Muslim traders by request. This account is available in USD and EUR for Micro, Premium, Auto, and Zero Spread accounts, where there are no swap or rollover charges for holding positions overnight. Traders can enjoy spread from 1 pip via MT4, WebTrader, and mobile trading platforms.