Score

7.06 /10
Good

HFM

Regulated in Cyprus

Market Making License (MM)

MT4 Full License

Global Business

High potential risk

Offshore Regulated

AA

Add brokers

Comparison

Quantity 67

Exposure

Open Account
Website

Score

Regulatory Index7.69

Business Index8.00

Risk Management Index0.00

Software Index9.99

License Index7.54

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

More

Danger

ID BAPPEBTI
2022-09-20
Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities
HFM
tradovate
LIVECRYPTOFOREX
Global GT
BTSE
TD MARKETS
ZG.COM
MRG Trader
Unicorn FX
InstaForex
Cash Forex Group
OvalX
NPBFX
AAX
TD365
PAXOS
Atom Markets
GateHub
1MARKET
KATOPRIME
TRADEDIRECT365
BingX
UNICORN PRIME LIQUIDITY
RoboMarkets
Weltrade
XTrend Speed
Kraken

Danger

MY SCM
2020-01-01

Broker Information

More

Company Name

HF Markets Group

Company Abbreviation

HFM

Platform registered country and region

Cyprus

Company website

X

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2026-03-20
  • WikiFX has received a total of 62 user complaints against this broker, please be aware of the risks and do not be scammed!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
    Sources
    HFM · Company summary

    Established in 2010, HFM is an online trading broker registered in various countries. It operates under the supervision of FCA, DFSA, FSA and CMA and offers more than 500 trading instruments.

    In addition, it sets up 4 types of accounts for traders with different trading needs and experience, all of which can use the 3 trading platforms it provides.

    In terms of fees, the account can be commission-free trading, 0 pip starting spread trading forex and specific instruments without swaps.

    What can I trade with HFM?

    HFM offers 500+ trading instruments, specifically related to the following:

    • Forex: 50+ currency pairs covering major currencies, minor currencies and exotic currencies.

    • Metals: Precious metals such as gold, silver, platinum and palladium can be traded at spot prices.

    • CFDs On Energies: Choose between spot contracts or futures contracts to trade in the crude oil market using CFDs.

    • Indices: Supports access to global indices including the US 500 and the UK 100.

    • CFDs On Stocks: Support for trading CFDs on stocks of the world's largest and best-known companies such as Apple, Amazon and Meta.

    • CFDs On Commodities: Soft commodities as well as hard commodities such as cocoa, coffee and copper are included.

    • CFDs On Bonds: Bonds issued by the world's leading economies, such as UK and US government bonds, can be traded.

    • CFDs On ETFs: Covers markets, sectors, currencies and commodities.

    • CFDs On Cryptocurrencies: Cryptocurrencies including Bitcoin, Ethereum, Ripple and Litecoin.

    News

    ExposureHFM Review: Regulation, Licences and WikiScore Analysis

    This in depth HFM review examines the regulatory framework, licensing structure, and supervisory standing of HFM, formerly known as HotForex, based on publicly available information listed on WikiFX.

    WikiFX
    2026-03-05 10:09
    HFM Review: Regulation, Licences and WikiScore Analysis

    ExposureHFM Review 2026: Is this Forex Broker Legit or a Scam?

    HFM holds impressive Tier-1 licenses from the UK's FCA and Cyprus's CySEC, securing a respectable WikiFX Score of 7.06. However, a significant volume of recent trader complaints regarding profit cancellations and withdrawal denials suggests that operational risks may outweigh regulatory safety for some users.

    WikiFX
    2026-02-28 13:30
    HFM Review 2026: Is this Forex Broker Legit or a Scam?

    ExposureHFM Broker Review: The High-Stakes Game of Profit Erasure

    HFM is balancing a world-class regulatory portfolio against a tidal wave of 189 complaints, exposing a disturbing pattern of account archiving, profit erasure, and withdrawal denials. The data suggests an elite facade masking a brutal internal policy against successful traders.

    WikiFX
    2026-02-24 13:30
    HFM Broker Review: The High-Stakes Game of Profit Erasure

    NewsHFM Celebrates 15 Years of Empowering Traders Through Education and Trust

    HFM, a globally recognised and multi-award-winning broker, proudly marks its 15th anniversary, celebrating a journey defined by trust, transparency, and a strong commitment to trader education.

    WikiFX
    2025-09-11 10:38
    HFM Celebrates 15 Years of Empowering Traders Through Education and Trust

    User Reviews

    More

    User comment

    133

    Comments

    Write a review

    fahash
    0-3months
    I am reporting a serious withdrawal issue with HFM. I submitted a withdrawal request from my HFM e-wallet to my bank saving account on 16 February 2026. This was already the third withdrawal request for the same amount, after my previous requests on 29 January 2026 and 30 January 2026. In my HFM e-wallet, the balance has already been deducted and shows zero, and the withdrawal status is marked as “Completed.” I also received an official email from HFM on 17 February 2026 confirming that the withdrawal was successful and completed. According to HFM, the transfer should take 2–10 working days depending on the payment service provider. However, until today (13 feb 2026) the funds have still not been credited to my bank account. This delay is unacceptable because the withdrawal has already been marked as completed by HFM, yet the money has not been received. I am very concerned about the safety of my funds. I request HFM to investigate this issue immediately and provide a clear explanation
    I am reporting a serious withdrawal issue with HFM. I submitted a withdrawal request from my HFM e-wallet to my bank saving account on 16 February 2026. This was already the third withdrawal request for the same amount, after my previous requests on 29 January 2026 and 30 January 2026. In my HFM e-wallet, the balance has already been deducted and shows zero, and the withdrawal status is marked as “Completed.” I also received an official email from HFM on 17 February 2026 confirming that the withdrawal was successful and completed. According to HFM, the transfer should take 2–10 working days depending on the payment service provider. However, until today (13 feb 2026) the funds have still not been credited to my bank account. This delay is unacceptable because the withdrawal has already been marked as completed by HFM, yet the money has not been received. I am very concerned about the safety of my funds. I request HFM to investigate this issue immediately and provide a clear explanation
    Translate to English
    2026-03-13 15:59
    Reply
    0
    0
    Lâm Phạm Văn
    0-3months
    Bị trượt giá nghiêm trọng, giao dịch đã được cài sl nhưng đến khi bị sl thì không đúng như lệnh đã được cài đặt trước đó, sàn đã trừ 3 lệnh sl của tôi mất 210 pips
    Bị trượt giá nghiêm trọng, giao dịch đã được cài sl nhưng đến khi bị sl thì không đúng như lệnh đã được cài đặt trước đó, sàn đã trừ 3 lệnh sl của tôi mất 210 pips
    Translate to English
    2026-03-01 19:37
    Reply
    0
    0
    67