How to Deposit Money on HFM in South Africa — Step by Step

How to Deposit Money on HFM in South Africa

Depositing funds into your HFM account from South Africa is straightforward. HFM offers several local and international payment methods. Here is a complete step-by-step guide.

Available Deposit Methods for South African Traders

Note: Your bank or payment provider may charge their own fees. HFM does not charge deposit fees.

Step-by-Step: How to Deposit via EFT (Recommended for SA)

• Step 1: Log in to your HFM account at hfm.com
• Step 2: Click on "Deposit" in your dashboard
• Step 3: Select your trading account from the dropdown
• Step 4: Choose "Bank Transfer / EFT" as your payment method
• Step 5: Enter the amount in ZAR you wish to deposit
• Step 6: HFM will display the banking details — use these to make the EFT from your bank app or online banking
• Step 7: Upload your proof of payment in the HFM portal
• Step 8: Funds are credited to your account within 1 business day

Minimum Deposit Amounts

• Micro account: $5 (approximately R90)
• Premium account: $50 (approximately R900)
• HFM Zero account: $50 (approximately R900)
• Pro account: $50 (approximately R900)

How to Withdraw from HFM in South Africa

Withdrawals follow the same process in reverse. Go to your HFM dashboard, click "Withdraw", select your method (EFT for ZAR), enter the amount, and submit. HFM processes withdrawals within 1 business day. Funds arrive 1-3 business days after processing.

Important: HFM requires withdrawals to be made to the same method used for deposits (anti-money-laundering policy). If you deposited via EFT, withdraw to the same bank account.