HFM has been red-flagged by the Securities Commission Malaysia, Bank Negara Malaysia, and the NSSMC.
HFM
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Licence Status
A A A
FCA 801701
B
FSCA 46632
B
Seychelles FSA SD015
Authorised
Authorised
Authorised
Contact
Broker News
Where is the Missing Balance? A Trader Complains About HF Markets' Mismanagement
Jun 05, 2025
A withdrawal has been recorded in the account of HF Markets client Hanzala ilyas, but the client insists he did not make the withdrawal.
HF Markets Announces Launch of Copy Trading Pro Account
Nov 26, 2023
In addition to the launch of the pro account, the brokerage has also included the Japanese yen as a new base currency.
Sep 25-29, 2023 Q&A Weekly Review - What's Asked This Week?
Sep 29, 2023
Stay ahead in the game of trading with BrokersView's "Q&A Weekly Review" from Sep 25-29, 2023! Subscribe now to get the latest regulatory status and trading details of brokers.
Account Type
8.5
Very Good
Trading Platforms
MT4,
MT5,
Webtrader,
Mobile Trading
Min Deposit
0.0 USD
Max Leverage 1 : 2000
Min Trade Volume
0.01 Lots
Margin Call Level 50%
Stop Out Level 20%
Commission
0 USD
Spread Type
Variable Spread
Account Currencies
USC
Trading Instruments
Forex/Currencies,
Gold
EA
Hedging
Scalping
Negative Balance Protection
Islamic
Deposit and Withdrawal
6.9
Average
Fast deposit & withdrawals
Features
Company and Service
8.5
Very Good
Features
Profile
Headquarters Address
Cyprus
Founded 2010
Broker Type
STP,
MM/DD
Time Zone GMT+2
Credit Profile No information
Trading Platforms
MT4
HFM Platform,
Webtrader
MT5
Webtrader
Contact
No Data
Others
Website Language
Arabic,
Bengali,
Chinese(Simplified),
Chinese(Traditional),
English,
Filipino,
French,
German,
Hindi,
Indonesian,
Italian,
Japanese,
Malay,
Portuguese,
Russian,
Spanish,
Thai,
Urdu,
Vietnamese
Customer Service By
Phone,
Email,
Live Chat
Supported Language
Arabic,
Bengali,
Chinese(Simplified),
Chinese(Traditional),
English,
Filipino,
French,
German,
Hindi,
Indonesian,
Italian,
Japanese,
Malay,
Portuguese,
Russian,
Spanish,
Thai,
Urdu,
Vietnamese
About HFM
Since 2010, HFM has empowered traders by offering a seamless trading experience that combines innovation with excellence. Known for our cutting-edge technology, wide-ranging education and impeccable trading conditions, we deliver multi-asset solutions at the highest standards.
Our Mission
To provide the best trading experience.Our Vision
To be the global leader in online trading, committed to excellence, innovation, collaboration and exceptional customer experience.
Our Values
Customer Obsession, Excellence, Innovation, Collaboration, Client Accounts
Regulatory Environment
As advocates of transparency, we adhere to the highest regulatory standards to safeguard our clients' funds. Our services and business operations strictly comply with the rules and regulations set by our regulatory authorities, ensuring our clients enjoy security and peace of mind, empowering them to trade with confidence.
HF Markets (SV) Ltd is incorporated in:
SV—St. Vincent & the Grenadine
HF Markets (SV) Ltd is registered in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015.
The objects of the company are all subject matters not forbidden by International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments.
Regulations of HF Markets Group:
FCA—Financial Conduct Authority (United Kingdom)
HF Markets (UK) Ltd is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.
FCA is an independent public body governed by the Financial Services and Markets Act 2000 (FSMA), working alongside the UK Treasury with the aim to support and empower a healthy and successful financial system where firms can thrive and consumers benefit from honest, fair and effective markets that are trustworthy and transparent.
FSCA—Financial Sector Conduct Authority (South Africa)
HF Markets SA (PTY) Ltd is authorized and regulated as a Financial Service Provider (FSP) from the Financial Sector Conduct Authority (FSCA) in South Africa, under the licence number 46632.
FSCA is an independent institution established by statute to oversee the South African non-banking financial services industry. It regulates the Johannesburg Stock Exchange (JSE), the largest exchange in the African continent.
FSA—Financial Services Authority (Seychelles)
HF Markets (Seychelles) Ltd is incorporated under the laws of the Republic of Seychelles with registration number 8419176-1, regulated by the Seychelles Financial Services Authority (FSA) under Securities Dealer Licence number SD015.
The authority is the regulator for non-bank financial services in the country and is responsible for the licensing, supervision and development of the non-bank financial services industry of the Seychelles.
CMA—Capital Markets Authority (Kenya)
HFM Investments Ltd is authorized by the Capital Markets Authority in the Republic of Kenya as a non-dealing online foreign exchange broker with licence no. 155.
The CMA is a regulating body charged with the prime responsibility of supervising, licensing, and monitoring the activities of Kenya's market intermediaries, including the stock exchange and the central depository and settlement system and all other persons licensed under the Capital Markets Act.
Corporate Social Responsibility
At HF Markets Group, we're driven by purpose. As a global family, we're committed to enhancing social and environmental well-being worldwide. Through our corporate and social responsibility, we drive initiatives for lasting impact on society and our planet.
Overall Score
6.5
19 Reviews
Cost 6.7
Platforms 6.9
Deposit & Withdrawal 6.9
Customer Support 6.9
Indicates the average level of Brokers
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19 Reviews Clear filter
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Maxwell
Severe slippage, a trade had a stop loss set but when it was triggered, it did not match the previously set order, the broker deducted 3 of my stop loss orders, losing 210 pips
Mar 02, 2026
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6P9Z9V7R5J
Great
Dec 01, 2025
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Abdel
Why haven't my withdrawals arrived?
Oct 30, 2025
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Henry
I used to trust HFM, but recently their spreads have become ridiculous, especially on gold. It eats profits before trades even start.
Oct 21, 2025
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6P9Z9V7R5J
Yes
Dec 01, 2025
1
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1
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Kyramart
Hi everyone,My name is Kundan Singh Rajput, and I’ve been using HFM (HotForex) for the last 5–6 years. I always trusted the platform and used to deposit money via UPI and IMPS from India. But this time, something very wrong happened — and I want to share the truth with all of you.On 14th October 2025, I made two deposits from my HFM account:The first deposit was ₹50,000 around 2:55 PM using the UPI QR code shown directly on the HFM deposit page.The receiver name showed Mr. Arvind Ahirwar.The second deposit was ₹8,879 around 3:11 PM with a different QR, and this time the receiver name showed Mr. Bikash Behera.I scanned both QR codes through PhonePe, and the money was successfully transferred — confirmed by my bank. I even took screenshots of both QR codes before paying.Usually, HFM deposits reflect instantly or within an hour, but even after 48 hours, no money was credited to my wallet. I raised multiple complaints to the HFM deposit team and support team — but got no proper response.Later, I contacted an HFM live agent on Facebook — and I have the screen recording for proof — where the agent clearly said that those UPI receivers do not belong to HFM.But in the same video, when I tried again to deposit from the HFM website, the same QR code and receiver details appeared again!So who is responsible? If those receivers don’t belong to HFM, then why does the same QR appear on their official deposit page?I’ve confirmed from my bank that both payments — ₹50,000 and ₹8,879 — were successfully credited to the receivers. So the mistake is not from my side.Now it’s been several days, and I still haven’t received my money. I have proofs, videos, and screenshots, and if this issue is not resolved soon, I’ll be raising a cyber complaint and posting all my recordings and evidence publicly to make others aware.I’ve trusted HFM for years — but after this experience, I genuinely feel betrayed.So this video is a warning and awareness for all traders — please be careful while depositing through UPI or QR on forex platforms. Always double-check the receiver name and take screenshots before paying.I’ll update you all here if HFM resolves this issue.If you’re also facing something similar, comment below or reach out to me — we’ll raise our voices together.#HFM #HotForex #ForexScam #UPIAlert #HFMReview #ForexTradingIndia #KundanSinghRajput
Oct 16, 2025
1
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1
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Kyramart
Finally, after a long series of emails and chat support, my issue has been resolved and the funds have been successfully deposited back into my wallet.
Thank you, HFM, for your great service and support!
Oct 22, 2025
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ivan
Have a bad experience when using this broker, spread suddenly widen for non USD pair from 2.4pips to 8pips during usd news, what a crazy stoploss hunt, damn!
Sep 04, 2025
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IBRAHIM SAIL
sangat baik
Aug 07, 2025
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Atif Shaheen
Good broker in my opinion with all the options available for successful trading.
Jun 20, 2025
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Arthur Kahil
Excellent and good
Jun 13, 2025
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Boralara
Promptly responded and clear explaining. Good customer service.
May 30, 2025
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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