St. Vincent & the GrenadinesRegulationFCA, CySEC, DFSA, FSCA
Min. deposit$0
Leverage1:1 – 1:2000
PlatformsMT4, MT5
InstrumentsForex & CFDs
Founded2010
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at HFM.
How is this decided and how do I verify it? →Regulation by region
The entity you sign with — and your protection — changes depending on where you live.
United Kingdom
FCA regulated with compensationSTP
HF Markets (UK) Ltd (FCA FRN 801701) — FSCS £85,000European Union
CySEC regulated with compensationSTP
HF Markets (Europe) Ltd (CySEC 183/12) — ICF up to €20,000United States
Doesn't open US accounts
ExcludedAustralia
No retail ASIC license
No AFSL; AU clients via unregulated SVG offshore entity — no compensationRest of the world
OFFSHORE entitySTP
HF Markets (SV) Ltd (St. Vincent, unregulated) / HF Markets Seychelles (FSA SD015) — no compensationAll licenses
Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).
Account types
Premiumspread-only from ~1.0 pip, no commission
Zero Spread0.0 + $3/side ($6 round-turn)
Pro Plusspread from ~0.2 pip, no commission
Pros
✓Competitive costs
Cons
✗Withdrawal complaints / confiscation
✗Outside your region, offshore entity
✗Very high leverage (more risk)
Breakdown by axis
The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.
Regulation: Tier-1 + offshore14/22 pts
Why: ex-HotForex: CySEC 183/12 + FCA 801701 + FSCA + DFSA F004885 for those regions; rest of the world via St. Vincent (unlicensed) or Seychelles SD015 = offshore
Withdrawals / payments: Delays / complaints4/20 pts
Why: bimodal: fast for ordinary cases BUT confiscates profits for 'abusive/prohibited trading' from winning scalpers + denials over bonus conditions
Fund safety: Segregated (no compensation)8/15 pts
Why: segregated; the offshore entity has no compensation scheme (the 'Lloyd's EUR5M insurance' is commercial, not statutory)
Transparency: With caveats5/10 pts
Why: SEC Philippines notice 2025 (unauthorized); CySEC fine EUR105k 2016 (disclosure); Malaysia alert 2020
Reputation: Mixed5/10 pts
Why: founded 2010; Trustpilot ~4.5 but jurisdiction warnings + confiscation from winners
Costs: Competitive8/8 pts
Why: Zero raw account + ~$6 round-turn (~0.7-0.9 pip effective EURUSD); min $0
Flags detected
🚩[withdrawals] delays -> bimodal: fast for ordinary cases BUT confiscates profits for 'abusive/prohibited trading' from winning scalpers + denials over bonus conditions
Sources
Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.
🔗 CySEC registration — HF Markets (Europe) Ltd (183/12)🔗 FCA registration — HF Markets (UK) Ltd (FRN 801701)🔗 Broker regulation and licenses page🔗 DFSA public register — HF Markets (DIFC) LtdTrader reviews
Real experiences with HFM. Comments go through moderation before being published.
No reviews yet. Be the first.