HS Markets

HS Markets is a retail forex and CFD brokerage that began operations in February 2025. The company is registered in Pakistan, with a physical address at Office No.7, First floor Madni Square Plaza, Block C, B/17, Islamabad. Its official website is hs-markets.com.

Despite being newly established, the broker presents a full-service trading platform, offering multiple account types, copy trading, and educational resources. However, independent regulatory oversight has not been confirmed; our records indicate no licence from any respected financial regulator as of the time of this review.

HS Markets provides four distinct account tiers designed to cater to different trader profiles. The Classic account requires a minimum deposit of $100 and offers maximum leverage of 1:100. The VIP ECN account starts at $1,000 with leverage up to 1:500. For traders seeking lower entry, the CENT account allows a $10 minimum deposit and leverages up to 1:1000. The ECN account requires $200 and offers leverage up to 1:500.

The broker advertises competitive spreads, with the Classic account starting from 1.7 pips and the VIP ECN account from zero pips. These conditions are typical for brokers targeting both retail and professional clients, though the very high leverage on the CENT account (1:1000) may raise risk concerns.

One of the most critical aspects for any trader is the regulatory framework under which a broker operates. As of our review, HS Markets does not hold a licence from any major financial regulator such as the FCA, CySEC, ASIC, or the SEC. Our internal records list no regulators on file.

The broker's website mentions a 'Regulation' page but does not display specific licence numbers or regulatory bodies. This lack of verifiable oversight places the firm in a high-risk category, as traders have no established recourse mechanisms should disputes arise.

HS Markets offers a proprietary trading app for mobile and desktop, as indicated by the 'Download the HS Markets Trading App' prompt on its website. The platform supports copy trading, allowing clients to replicate the strategies of selected master traders. The broker also runs trading contests, such as the 'BONUS25' campaign, to incentivise activity.

Additional features include an economic calendar, market tips with live streams, and trading guides. These resources suggest an effort to provide a comprehensive trading environment, though the actual quality and execution of these services cannot be independently verified without user feedback.

With a low minimum deposit of $10 on the CENT account and $100 on the Classic account, HS Markets appears to target retail traders, particularly beginners or those with limited capital. The availability of very high leverage (up to 1:1000) on the CENT account may attract risk-tolerant individuals seeking quick gains.

The VIP ECN account, with a $1,000 minimum, is aimed at more experienced traders who require tighter spreads and faster execution. The copy trading feature is designed for those who prefer a hands-off approach or wish to learn from seasoned traders.

The broker lists deposit and withdrawal options on its website, though specific payment methods are not detailed. The 'Financial Services' section indicates support for multiple payment channels, but no concrete information on processing times or fees is publicly available.

Given the regulatory gaps, traders should exercise caution when depositing funds. The absence of segregated account disclosure or compensation scheme membership further increases financial risk.