HFX Review 2025: How to Open a Demo/Live Account & Withdraw Money?

First, let's take a quick look at HFX's key points via the table below:

	HFX at a Glance
Founded	2006
Registered	Indonesia
Regulation	BAPPEBTI
Security of Funds	Segregation of funds, negative balance protection
Trading Instruments	Forex, metals, energies, indices
Demo Account	✅
Account Minimum	100 USD
Maximum Leverage	1:200
EUR/USD Spread	Floating around 1.7 pips
Trading Platform	HFX MT4, HFX Android, HFX iPhone Trader, HFX iPad Trader, HFX WebTerminal
Deposit & Withdrawal Fee	❌

HFX Account

Demo Account

HFX offers free demo accounts, which have been designed to simulate a real trading environment closely based on actual market conditions. Beginners can test trading strategies with a risk-free demo account.HFX demo MT4 account has no expiry date and up to $100,000 virtual opening balance, but every client can only open 3 demo accounts at most.

Trading Account Types

There are four live trading account types available at HFX, namely Mini, Mini Classic, Classic, and Premium.The Mini and Mini Classic accounts are best for beginners and require a minimum deposit of 100 USD. The other account types, Classic and Premium, are suitable for experienced traders, with a minimum deposit requirement of 5,000 USD.Like demo accounts, the maximum number of HFX live accounts is also limited to 3.Please refer to the table below to find more similarities and differences between the four HFX live trading accounts.

How to Open an HFX Demo Account? (6 Steps)

HFX demo account opening is easy; just 6 steps, then you can own a free HFX demo account.

Step 1: Go to HFX's official website and click on 'Demo' in the top right corner of HFX's homepage.

Step 2: Click on ' New Clients'.

Step 3: Fill in the required information, including client type (individual or corporate) and personal information (country of residence, title, full first name, full last name, email address, date of birth, and phone number). Tick that you have read and accepted the privacy policy.Solve a verification question.Then click on 'REGISTER'.

Step 4: Now, you have successfully opened an HFX account. However, you are also required to activate your account. You need to check your mailbox and then follow the instructions.

To activate and receive your myHFX login details, click on 'Activate Account' or directly click the link HFX offered, as the screenshot below shows:

Step 5: Adjust your HFX demo account balance based on your needs, 100,000, 50,000, 25,000 or 5,000. Check the box that you have placed your digital signature stating that you have read and agree to all Terms and Conditions and are at least 18 years of age or older. Click on the 'Open Demo Account'.

Step 6: Now, your HFX demo account opening is done. You can log in to your demo account with the user ID and password.

How to Open an HFX Live Account? (8 Steps)

Signing up for an HFX live account is relatively complicated when compared with an HFX demo account opening. You are required to fill in more detailed information and read long terms and conditions.

Step 1: Go to HFX's official website and click on the 'Open Live Account' in the top right corner of HFX's homepage.

Step 2: Like opening an HFX demo account, you need to fill in the required information, including client type (individual or corporate) and personal information (country of residence, title, full first name, full last name, email address, date of birth, and phone number). Tick that you have read and accepted the privacy policy.Solve a verification question.Then click on the 'REGISTER'.

Step 3: Now, you have successfully opened an HFX account. However, you are also required to activate your account. You need to check your mailbox and then follow the instructions.

To activate and receive your myHFX login details, click on 'Activate Account' or directly click the link HFX offered, as the screenshot below shows:

Once you click on 'Activate Account', you will receive your myHFX ID and password instantly. Please check your mailbox.

Step 4: Then click on 'click here' to complete your HFX trading account registration.

Step 5: Fill in personal information (country of birth, address, town/city, and postal/zip code), investor information (purpose of account opening, estimated net worth, estimated annual income, anticipated dollar amount to trade with us within the next 12 months, education, employment status, and source of funds) and economic profile. Answer some yes-or-no questions about tax information, trading knowledge and experience, and declarations. Check the box that you have placed your digital signature stating that you have read and agree to all Terms and Conditions and are at least 18 years of age or older. Click on 'Finish'.

Step 6: Read the notification document about the risks, then fill in 'Yes'. Click on 'Submit' to continue.

Step 7: Read the electronic agreement for the contract derivative transaction, then fill in 'Yes'. Click on 'Submit' to continue.

Step 8: Upload the files to Proof of Legal Existence (PLE) and Proof of Address (POA).

Wait for verification.

HFX Deposit & Withdraw

HFX Deposit

Compared with other most brokers, funding methods available at HFX are very limited, only wire transfers. If you prefer to deposit with other methods, such as credit/debit cards and e-wallets, you have to consider other brokers. However, the good news is that HFX does not apply any deposit fees and the maximum deposit amount is unlimited.

HFX Withdraw

The accepted withdrawal method is also limited to wire transfers, but the minimum withdrawal amount is only $5 or Rp 60 000, and no maximum withdrawal. HFX also does not charge withdrawal fees, but note that your bank may charge fees.Withdrawals submitted before 11:00 am Indonesia Central Standard Time are processed on the same business day between 9:00 am and 6:00 pm Indonesia Central Standard Time.

How to Withdraw HFX Money? (3 Steps)

Withdrawing money from HFX is quite easy. It's just four simple steps.

Step 1: Log in to myHFX (https://my.hfx.co.id/login?lang=en) and click on 'Withdraw'.

Step 2: Click on 'Start Withdrawal'.

Step 3: Fill in the required information, including withdrawal amount, bank account holder name, bank account number/IBAN, swift code, bank name, full bank address, reason for withdrawal, and date of birth.Click on the 'Withdraw' button.

Is HFX Legit and Safe?

HFX is a legit broker with a valid retail forex license (No. 877/BAPPEBTI/SI/1/2006) from the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI) in Indonesia. However, it does not hold any top-tier regulatory licenses, such as FCA, FSA, ASIC, NFA, etc.

Regulated Country	Regulated by	Regulated Entity	License Type	License No.
	BAPPEBTI	PT. HFX Internasional Berjangka d\h PT. Fortis Asia Futures	Retail Forex License	877/BAPPEBTI/SI/1/2006

You can verify HFX's regulatory status and explore more details on WikiFX.Besides, HFX offers multiple security measures for the security of their clients' funds, including segregation accounts and negative balance protection.

HFX vs Other Indonesian Brokers

We compared HFX's key points (regulation, product offering, demo account available, account minimum, maximum leverage, trading platform, promotion, and suitable traders) with two other Indonesian brokers, JAVA and FINEX. See a more detailed comparison of HFX's alternatives below:

Logo
Broker	HFX	JAVA	FINEX
Regulation	BAPPEBTI	BAPPEBTI, JFX	BAPPEBTI
Product Offering	Forex, metals, energies, indices	24 currency pairs, oil, gold, silver	78, forex, metals, energies, stocks, indices
Demo Account	✅($100,000 in virtual funds)	✅	✅($5,000 in virtual funds)
Account Minimum	USD 100	USD 200	$10
Maximum Leverage	1:200	1:200	1:500
Trading Platform	HFX MT4, HFX Android, HFX iPhone Trader, HFX iPad Trader, HFX WebTerminal	MT5, Web Trader	MT5
Promotion	❌	❌	✅
Best for	Beginners	Experienced traders	Beginners

FAQs

Is HFX regulated?

Yes, HFX is regulated by BAPPEBTI in Indonesia.

At HFX, which account type is best?

There is no best account type, only the most suitable account type. Overall, the Mini and Mini Classic accounts are more suitable for beginners or traders who do not want to deposit too much capital, while the Classic and Premium accounts are better for experienced traders. You can learn more in the 'Trading Account Types' section.

Can I withdraw money from HFX?

Yes. But note that wire transfer is the only accepted withdrawal method, and also, any profits in demo accounts cannot be withdrawn because there are virtual funds, not real money.

Is HFX a good broker?

We cannot give the exact answer, because HFX behaves quite average when compared to other popular brokers, like XM, CMC Markets, HFM, etc. However, if you are in Indonesia and want to trade with a local broker, HFX is not bad. You can learn more in the 'HFX vs Other Indonesian Brokers' section'.