Written by In the world of online trading, the needs of investors can be as diverse as the market itself. Recognizing this, HFM has tailored a solution for those at the higher echelon of trading expertise: the Premium Pro Account. Designed specifically for Professional Clients and Experienced Retail Clients as per their Client Categorization Policy, this account type serves individuals who have garnered enough experience and market savvy to navigate the complexities of investment independently and with a sophisticated approach to risk assessment.
Account Overview and Benefits
Trading Platforms Compatibility: The Premium Pro account is accessible through a suite of trading platforms to suit all preferences, including MetaTrader 4, MetaTrader 5, Webtrader, and Mobile Trading apps. These platforms are equipped to provide a seamless trading experience, whether at a desk or on the move.
Trading Conditions:
- Spreads: Competitive from 1 pip, allowing for cost-effective trading.
- Contract Size: Standardized at 1 lot equivalent to 100,000 units, aligning with industry norms.
- Trading Instruments: A comprehensive range of instruments is available. Clients can trade CFDs on Forex, Metals, Energies, Commodities, Indices, Stocks, ETFs, and Bonds.
- Leverage: Scaled to suit the experience level, with up to 1:400 for Professional Clients and up to 1:100 for Experienced Retail Clients.
- Execution Style: Market Execution to ensure rapid order fulfillment without re-quotes.
- Account Currencies: Versatility in currency options with accounts available in USD, EUR, and PLN.
Account Features:
- Minimum Deposit: $5,000 for Professional Clients, ensuring a solid trading foundation, and $500 for Experienced Retail Clients, balancing accessibility with professionalism.
- Trade Sizes: Flexible starting at 0.01 Lot with increments also in 0.01, providing granular control over position sizing.
- Position and Order Limits: Up to 60 standard lots per position and 300 simultaneous open orders, catering to extensive portfolio strategies.
- Risk Management: A Margin Call/Stop out level set at 50%/20% serves as a critical risk management feature.
Additional Services:
- While telephone trading is not mentioned, it's often a feature of professional accounts for direct broker communication.
- Commission-free trading elevates the appeal for cost-conscious traders.
- Personal Account Managers could be provided, offering bespoke service and expertise.
Exploring the Trading Platform Accessibility
Platform Availability: The Premium Pro account stands out with its cross-platform availability, supporting desktop trading and providing dedicated applications for Android and iOS devices.
Leverage and Deposits
- Leverage Options: The leverage offering is tiered, with the maximum set at 1:100 for Experienced Retail Clients and an elevated 1:400 for Professional Clients, granting the latter substantial capacity to amplify their trading positions.
- Deposit Requirements: The account stipulates a minimum deposit of $500 for Experienced Retail Clients and $5,000 for Professional Clients, reflecting the serious nature of the capital commitment required for this type of trading account.
Technical Clarifications
Price Display Differences: An essential point to note for Pro Account holders is the differentiation between Chart Price and Market Watch:
- The Market Watch provides real-time BID and ASK prices crucial for making trading decisions.
- The charts predominantly display indicative prices, with the BID price from Zero Account instruments used as a reference for the narrowest spreads.
This distinction is crucial for accurate price tracking and effective trade execution.
Conclusion
HFM's Premium Pro Account is an exemplary choice for seasoned traders who command the skills and resources to operate in the upper tiers of trading activity. It's a blend of advanced platform options, comprehensive instrument access, and leverage tailored to experience, all built into an account that acknowledges and accommodates the nuanced demands of professional and experienced retail clients.
