Brokers  /  HFM

HFM

Low riskForex / CFD broker
🇨🇾 Cyprus · 5-10 years · since 2017-11-29 · HF Markets Group
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Independent ratingshow third parties score this broker
WikiFX7.73/10
Trustpilot4.3/5
Forex Peace Army/5
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HFM operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
22
Low risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): FCA, FSA
  • Withdrawal complaints in ~20% of recent reviews
Exit Risk
100/100
49 reviews in the last 3 months, 78% negative, 16 withdrawal complaints — negativity rising vs earlier
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration108%
Transparency (site/info/social)2210%
Real-user sentiment88%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameHF Markets Group
Headquarters🇨🇾 Cyprus
Founded2017-11-29
Years operating5-10 years
Employees0
Official websitehfm.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods8 · Skrill, Neteller
Withdrawal methods9 · Neteller, Skrill, Webmoney
InstrumentsForexMetalsEnergiesStocksIndicesBondsCommoditiesETFs*Cryptocurrencies

Regulation & licenses · 3

RegulatorLicense typeLicense No.RegionStatus
FCAForex Execution License (STP)801701United KingdomRegulated
FSCADerivatives Trading License (EP)46632South AfricaRegulated
FSADerivatives Trading License (EP)SD015SeychellesOffshore Regulation

Account types · 4

AccountMax leverageMin. depositMin. spreadCommissionEA
PREMIUM1:2000$0From 1.2 No
PRO1:2000$100From 0.6 No
ZERO1:2000$0From 0 on ForexUSD 6 per lot on Forex
CENT1:2000$0From 1.2No

Review analysis AI

The real-review picture for HFM is sharply divided: a substantial number of traders report fast withdrawals, low spreads, and helpful support, while a vocal minority describe serious issues such as stuck withdrawals, account freezes, and bonus revocations. The dominant signal is positive on execution and funding speed, but trust concerns are amplified by a cluster of 1-star reviews alleging lost profits and unresponsive support. With 42 withdrawal-related complaints and 6 clone sites, the risk is low but not negligible, and traders should weigh the positive experiences against the documented grievances.

Best for
  • Traders prioritizing fast execution and quick withdrawals
  • Those comfortable with high leverage and low minimum deposits
  • Users who value multilingual support and educational seminars
Not for
  • Traders who require strict regulatory oversight (e.g., EU retail clients)
  • Those sensitive to withdrawal delays or bonus clawback risks
  • Investors seeking transparent dispute resolution
Period:
What users complain about
What users praise
Where reviewers are from
🇿🇦 ZA66
KE30
🇳🇬 NG18
UG14
🇸🇬 SG11
🇲🇾 MY8
Positive vs negative · last 7 months Pos Neg
Feb
Mar
Apr
May
Jun
Jul
Aug

Real user reviews

Where HFM operates

Active across 87 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇮🇩 Indonesia
🇯🇵 Japan
🇹🇭 Thailand
🇨🇮 Ivory Coast
🇿🇦 South Africa Licensed
🇲🇾 Malaysia
🇰🇪 Kenya
🇳🇬 Nigeria
🇺🇸 United States
🇸🇬 Singapore
🇱🇧 Lebanon
🇵🇭 Philippines
🇵🇰 Pakistan
🇮🇳 India
🇻🇳 Vietnam
🇰🇷 South Korea
🇧🇳 Brunei
🇧🇷 Brazil
🇬🇧 United Kingdom Licensed
🇸🇨 Seychelles Licensed

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

Similar brokers

What HFM says about itself as stated by the broker · not independently verified by FXCanary

Company Overview

HFM, a trading name of HF Markets Group, states it was founded in 2010 and provides both individual and institutional clients with online trading services. The company claims to be headquartered in Cyprus and to serve global offices in Dubai, South Africa, and offshore entities in St Vincent and the Grenadines, all under respective regulatory authorities.

Regulation

The broker states it operates under multiple regulatory licenses, including the FCA in the United Kingdom, the FSCA in South Africa, and the FSA in Seychelles. It presents these as evidence of its commitment to compliance and client protection.

Account Types

HFM advertises four main account types: PREMIUM, PRO, ZERO, and CENT. According to the company, these accounts offer leverage up to 1:2000, spreads starting from 0 pips on the ZERO account, and no commission on most accounts, with the ZERO account charging $6 per lot on Forex. The CENT account is designed for beginners, allowing trading in cents.

Trading Instruments

The broker claims to offer a wide range of tradable instruments, including Forex, Metals, Energies, Stocks, Indices, Bonds, Commodities, ETFs, and Cryptocurrencies. This variety is presented as catering to diverse trading strategies and preferences.

Funding and Withdrawals

HFM states that deposits and withdrawals can be made via Skrill, Neteller, and Webmoney. The company emphasizes fast processing times and reliable fund transfers as part of its service promise.

About HFM

Who is HFM?

HFM, a trading name of HF Markets Group, is an online broker established in 2010. The company provides trading services to both individual and institutional clients, offering access to a broad range of financial markets. HFM is headquartered in Cyprus and operates globally, with offices in Dubai, South Africa, and offshore entities in St Vincent and the Grenadines.

The broker positions itself as a multi-asset provider, allowing traders to speculate on Forex, metals, energies, stocks, indices, bonds, commodities, ETFs, and cryptocurrencies. With a presence in multiple jurisdictions, HFM aims to serve a diverse international clientele.

Regulation and Licensing

HFM holds regulatory licenses from several authorities, reflecting its commitment to operating within legal frameworks. In the United Kingdom, it is regulated by the Financial Conduct Authority (FCA) under a Forex Execution License (STP). In South Africa, it is licensed by the Financial Sector Conduct Authority (FSCA) for derivatives trading. Additionally, it holds an offshore regulation license from the Financial Services Authority (FSA) in Seychelles.

These licenses are intended to provide a layer of oversight and client protection, although the level of regulation varies by jurisdiction. Traders should be aware that offshore regulation may offer different levels of investor compensation compared to major financial centers.

Account Types

HFM offers four primary account types to cater to different trading needs and experience levels. The PREMIUM account requires no minimum deposit and offers leverage up to 1:2000, with spreads starting from 1.2 pips and no commission. The PRO account, with a minimum deposit of $100, provides tighter spreads from 0.6 pips and also no commission.

The ZERO account is designed for traders seeking raw spreads, starting from 0 pips on Forex, but charges a commission of $6 per lot. The CENT account is ideal for beginners, allowing trading in cents with no minimum deposit and spreads from 1.2 pips. All accounts offer leverage up to 1:2000, giving traders flexibility in their position sizing.

Trading Platforms and Instruments

HFM provides access to the popular MetaTrader 4 (MT4) platform, known for its advanced charting tools, fast execution, and user-friendly interface. The platform is available on desktop, web, and mobile devices, ensuring traders can monitor and execute trades from anywhere.

The broker offers a diverse range of tradable instruments, including major and minor currency pairs, precious metals, energy commodities, global stock indices, individual stocks, bonds, and exchange-traded funds (ETFs). Additionally, HFM includes cryptocurrencies as a tradable asset class, subject to regulatory conditions in certain jurisdictions.

Deposits and Withdrawals

HFM supports several funding methods, including Skrill, Neteller, and Webmoney. These e-wallet options provide fast and convenient transactions for traders worldwide. The broker emphasizes quick processing times for both deposits and withdrawals, aiming to minimize friction in fund management.

While the specific processing times are not disclosed, user reviews generally indicate that deposits are credited promptly, and withdrawals are often processed within a reasonable timeframe. However, as with any broker, individual experiences may vary, and traders should verify the latest terms and conditions.

Who is HFM For?

HFM is designed for a wide range of traders, from beginners to experienced professionals. The CENT account is particularly suitable for novices who want to practice with small amounts, while the ZERO account appeals to scalpers and high-frequency traders seeking tight spreads. The availability of high leverage up to 1:2000 may attract traders looking to maximize their market exposure, though it also carries increased risk.

With a global presence and multilingual support, HFM aims to serve an international clientele. Its range of instruments and account types makes it a versatile choice for those interested in diversifying their trading portfolio.

Overview compiled by FXCanary from regulatory records and public data. full HFM review