HF Market

HF Market is a trading platform registered in France and founded on 11 January 2023. According to our records, the company lists a Cyprus-based registered address at Spyrou Kyprianou 50, Irida 3 Tower 10th Floor, Larnaca 6057, Cyprus. The official domain is hf-market.org, although our checks indicate that the website is currently inaccessible.

HF Market claims to operate under the regulatory oversight of the Cyprus Securities and Exchange Commission (CYSEC), with a single licence for Market Making (MM) activity. However, our records flag the platform as a suspicious clone of a CYSEC-licensed entity, which raises doubts about its legitimacy. The company reports zero employees, and there is no verifiable website or social-media presence.

HF Market states that it is regulated by CYSEC in Cyprus, holding a Market Making (MM) licence. The licence number on file is 183/12, though the status is listed as '—' in our records, indicating an unclear or unverified status.

We cross-checked this information against public registers, but due to the low web confidence and the lack of matching search results, we cannot independently confirm the validity of this licence. The suspicious clone status with CYSEC further undermines the credibility of these claims. Traders should exercise extreme caution when dealing with entities that claim regulation but cannot be verified.

According to the information on file, HF Market offers a maximum leverage of 1:200 and a EUR/USD spread of 1.0 pips. The minimum deposit required to open an account is $250. These figures are taken directly from our records and have not been independently verified.

Customer support is said to be available via phone and email, but given the inaccessibility of the official website, we could not confirm these channels. The lack of a functional website is a significant red flag, as it prevents traders from accessing essential information, account management tools, and support services.

HF Market was founded on 11 January 2023, making it a relatively new entrant in the trading space. The company is registered in France, but its operational address is in Cyprus, a common jurisdiction for forex brokers due to its regulatory framework.

However, the company reports zero employees, which is unusual for a trading platform. This, combined with the suspicious clone status and the absence of any verifiable online presence, suggests that HF Market may not be a fully operational or legitimate entity. Our records indicate that there are no clone or impersonator sites found, but the platform itself appears to be a clone of a legitimate CYSEC-licensed firm.

FXCanary's Scam Risk Score for HF Market is 42 out of 100, which falls into the 'Guarded' category. This score is based on two primary risk flags: withdrawal complaints in approximately 100% of recent reviews, and no verifiable website or social-media presence.

The withdrawal complaints are particularly concerning, as they suggest that clients may have difficulty accessing their funds. The lack of a verifiable website further compounds these risks, making it impossible for traders to conduct due diligence or access their accounts. In FXCanary's assessment, these factors indicate a high likelihood of fraudulent activity, and we advise extreme caution.

In summary, HF Market presents a highly risky profile for potential traders. The combination of a suspicious clone status, zero employees, inaccessible website, and widespread withdrawal complaints paints a picture of an entity that may not be trustworthy.

Given the lack of independent public information and the red flags identified, we strongly recommend that traders avoid HF Market until these issues are resolved and the platform can provide verifiable proof of its legitimacy. Always conduct thorough due diligence before depositing funds with any broker, especially one with such limited transparency.