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HFM supports M-Pesa for deposits and withdrawals of funds

Due to the growth of online trading, there’s an ever-increasing need for brokers to accommodate traders from different parts of the world. Payment methods are a key factor in choosing the ideal broker. That’s why trading platforms with a wide selection of payment options attract diverse traders. As a result, brokers can remain relevant and competitive internationally. Most brokers allow traders to deposit and withdraw via wire transfers, credit or debit cards, Neteller, WebMoney, and other traditional payment methods. But the more innovative brokers extend these options to payment options like M-Pesa. By doing so, it becomes easier to maximize global reach.[1] [2] 

HFM recently made the bold move to introduce M-Pesa as one of the accepted payment methods. Users in Kenya, Tanzania, and other countries expressed happiness about the announcement. The move makes it easier for M-Pesa clients to trade on the regulated platform. It’s an award-winning forex and commodities broker that attracts thousands of new customers annually.

What is M-Pesa?

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This mobile payment system operates in several countries in Africa, Asia, and Europe. It started in Kenya in 2007 as a money transfer system. Over the years, the platform expanded its services to include B2C and B2B transactions. Today, it continues to attract the attention of brokers looking to tap into its ever-growing customer base. There are over 100 million active users.

M-Pesa users rely on mobile devices to handle various transactions and store funds in an e-wallet. The system lets users pay for products, airtime, services, and utility bills. Another key feature is money transfers. With more and more brokers adding M-Pesa to their lists of accepted payment methods, users can also conveniently deposit funds into trading accounts.

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Forex and commodity brokers are typically keen to work with payment methods that handle transactions quickly and securely. M-Pesa provides a quick and secure way to fund trading accounts. Its service is also cost-effective for traders in the countries it serves.

M-Pesa users in Kenya, Albania, and other countries can use a mobile app and USSD codes to make deposits and withdrawals.

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HFM forex and commodities broker

This broker provides trading services to individuals and institutional clients. When you open a trading account, you can expect excellent trading conditions. One of the advantages of opening an account on the platform is the variety of deposit and withdrawal options.

Here are some of them.

  • Wire transfer
  • M-Pesa
  • Credit and debit cards
  • Perfect Money
  • WebMoney
  • Bitpay
  • Neteller

The best part is scalpers and traders can access the broker’s liquidity. No wonder many people in the forex and commodity trading industry view the platform as the forex broker of choice.

As a new trader, you can access several trading account types from which to choose. On top of that, trading tools and software make your trades easier to perform. By offering multiple account types and trading tools, HFM ensures you enjoy a tailored experience. Another key feature of this platform is the lightning-fast execution of trades.

A combination of cutting-edge trading tools, superior support services, and multiple payment methods, including the M-Pesa mobile payment system, help you achieve your trading ambitions. It’s no surprise that the broker has won several awards. The broker supports trading platforms like MetaTrader4.

Regarding regulatory compliance, the broker complies with the relevant authorities where it operates. It has licenses issued in the United Kingdom, Seychelles, Saudi Arabia, and Kenya.

Online trading: Common payment methods

Online trading platforms with frictionless deposit withdrawal processes often attract many new traders. In the same vein, traders need several payment options to suit specific needs. The majority of brokers offer five or more payment methods to ensure convenience. Common options include bank transfers, credit or debit cards, and WebMoney.

Payment providers like PayPal offer the most secure option but may be unavailable to some traders. Another key factor influencing traders’ choice of broker or trading platform is transaction fees.

The most popular payment options include Visa and Mastercard, but some traders are wary of using these cards online. In such cases, bank transfers are usually the most viable alternative. E-wallets like Neteller and WebMoney also play a prominent role in online trading. Mobile e-wallets like M-Pesa are gaining some traction in countries where traditional payment methods aren’t a practical option.

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James Musoba
James Musoba
Studying Africa's startup and technology scene. I always look forward to discovering new exciting inventions and vibrant entrepreneurs.

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