Hfunds Forex prop firm review

Hfunds Forex prop firm review

Hfunds prop firm is a proprietary company that offers funded account challenges to retail traders, allowing them to access large trading accounts. The funded options range from 50k to 1 million in virtual funding. With the smallest account being 50k the firm is not for beginners. The profit split is up to 90% and traders can access 1-step and 2-step challenges. The leverage is up to 1:30 and traders can access FX pairs, commodities, and indices on cTrader, DXTrade, and MetaTrader 5 (MT5). The firm allows Expert Advisors or EAs, which is very flexible.

In this unbiased Hfunds review, we will evaluate the firm’s safety, rules, funded options and types, platforms, pricing and commissions, support, and more. 

Pros & cons of Hfunds prop firm

ProsCons
Ability to withdraw with $0 feesVery low safety: no reviews, is young, and is not backed by regulated brokers
Offers access to cTrader and MetaTrader 5Very expensive one-time fees of 345 dollars
Fast and digital account opening/verificationDoes not allow crypto trading
Most payment options are free and instantOnly metals are available from commodities
Allows Expert Advisors 

Quick rating of Hfunds and its features

FPA ScoreNo rating yet
Year founded2024
HeadquartersUnited States
Minimum audition fee345 USD
Fees on withdrawals0 USD
Minimum funded amount50,000 USD
Maximum funded amount1,000,000 USD
Allowed daily loss2-3%
Profit target6-8%
Maximum trailing drawdown4-6%
Profit sharing (Payouts)90%
Trading PlatformscTrader, DXTrade, MetaTrader 5
Available trading marketsFX pairs, commodities, and indices

Hfunds Assets

Hfunds prop trading assets include only Forex pairs, commodities, and indices. The firm does not allow access to crypto pairs which is a major downside. From commodities only metals are accessible and traders can't speculate on energies or agricultural products. The leverage is up to 1:30 for 2-step and 1:20 for 1-step accounts. The firm also prohibits stock trading which is yet another drawback, making it unattractive for multi-asset traders. This is very strange as the firm offers so many advanced platforms yet it fails to deliver on the asset availability. 

Overall, the firm gets a 2.5 score in this section. 

Hfunds Trading rules and limitations

Hfunds rules are slightly on the stricter side. They are different for each challenge type. Let’s compare them to see how competitive the firm truly is.

The 1-step Hfunds challenge has the following requirements:

  • Profit target - 6%
  • Daily loss limit - 2%
  • Maximum drawdown - 4%
  • Minimum trading days - No limits
  • Scalping - Allowed
  • Weekend holding - No
  • Stop loss required - No
  • News trading - Yes
  • Expert Advisors - Yes
  • Leverage - 1:20

The 2-step Hfunds evaluation requires the traders to adhere:

  • Profit target - 8%, 4% (phase 1 and 2)
  • Daily loss limit - 3%
  • Maximum drawdown - 6%
  • Minimum trading days - None
  • Scalping - Yes
  • Weekend holding - No 
  • Stop loss required - No
  • News trading - Yes
  • Expert Advisors - Yes
  • Leverage - 1:30

As we can see, the firm has very strict rules and requires very tight risk control. Traders are required to hit at least a 6% profit target which might seem low but considering strict risk requirements it will be difficult to hit this profit target in a reasonable timeframe.

Overall, the firm only gets a 0.7 score in this section.

Safety of Hfunds

There are no Hfunds reviews on the FPA (Forex Peace Army) platform, which is typically a bad sign. On Trustpilot, the firm has not claimed its account yet and has zero reviews, which is a major red flag. Trader feedback is one of the most important factors when evaluating the safety of prop companies, and the firm has no reviews indicating it is reliable. When it comes to experience, the firm was launched in 2024, which makes it very young and inexperienced in the prop trading industry, making it difficult to recommend it to anyone. Trading services by the firm are not backed by regulated brokers, which makes it even riskier to recommend this firm to anyone.

The firm gets a 0 score in this section.

Hfunds Funding and maximum capital allocation

Hfunds funded programs include 1-step and 2-step evaluation models and there are no instant accounts offered. The list of Hfunds funding options differs according to the account selected. The 2-step Hfunds challenge offers 50k, 100k, 200k, 400k, 500k, and 1 million USD accounts. The 1-step challenge offers similar options but the highest funded amount is capped at 500k USD. The lack of smaller challenges is a serious drawback, which prevents beginners from considering this firm.

The Hfunds scaling plan allows traders to grow their funded account by 25% and the maximum funded amount is up to 2 million dollars in virtual funding. 

As a result, the firm gets only a 2 score in this section. 

Hfunds Fees

The pricing starts at 345 USD for the smallest 50k USD challenge for both 1-step and 2-step accounts, which makes the firm very expensive. Generally, 2-step challenges are cheaper as they require more time to get funded and the firm has a 345 USD starting incredibly expensive price, making the firm unattractive for all prop traders. 

Hfunds free trial is not available making it impossible to test trading conditions before traders purchase the challenge, which is a serious downside. 

The Hfunds free repeat is not offered either, and traders can not start over for free.

The firm gets a 1 score in this section as a result of being very expensive. 

Hfunds Platforms

Hfunds allows access to several advanced trading platforms, including cTrader, MetaTrader 5, and DXTrade. cTrader and MT5 allow traders to use custom indicators and Expert Advisors, which is flexible. The firm also allows automated trading (EAs), enabling traders to use the full capabilities of all of its platforms. 

As a result, the firm gets a 5 score in this section. 

Hfunds Profit-Sharing

Hfunds profit split is 90%, which is very competitive and traders are given this percentage by default without the need to purchase add-ons or activate a scaling plan. Withdrawals are slow, requiring 1-3 business days to get processed. The firm does not charge commissions for withdrawals, which is flexible. 

Overall, Hfunds managed to get a 3.5 score in this section. 

Education and trading tools at Hfunds

When it comes to educational materials, the firm does not offer webinars, trading courses, or video guides, which is a serious downside. There is no trading blog either to get market updates and trading tips, which is also a drawback. Despite the availability of many advanced platforms, the firm lacks tools to help traders increase accuracy.

The firm gets a 0 score in this section as a result. 

Customer Support at Hfunds

The firm offers phone support via WhatsApp. There are also live chat and email options available. There is no direct access to the phone support. Both the website and support are available only in the English language, which is a downside for the firm.

Overall, the firm gets a 3.8 score in this section. 

Frequently Asked Questions on Hfunds

Is Hfunds legit?

The Hfunds scam is possible as the firm is young, lacks trader reviews, and is not backed by regulated brokers. 

Is Hfunds a good prop firm?

No, the firm has expensive one-time fees and lacks safety and reliability, which can not be underestimated. 

What is the minimum Hfunds fee?

The smallest one-time fee starts at 345 USD for the smallest, 50k USD challenge of both 1-step and 2-step account types.