Score

7.14 /10
Good

HFM

Cyprus

10-15 years

Regulated in Cyprus

Market Making(MM)

MT4/5 full license

Global Business

Suspicious Overrun

High potential risk

Offshore Regulatory

AA
A

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Comparison

Quantity 20

Exposure

Open Account
Website

Score

License Index 7.91
Business Index 8.05
Risk Management Index 0.00
Software Index 9.02
Regulatory Index 7.88
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

Contact number

+44 2030978571

Broker Information

More

Company Name

HF Markets Group

Company Abbreviation

HFM

Platform registered country and region

Cyprus

Company website

Twitter

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 4
Previous Detection : 2023-03-21
  • The number of the complaints received by WikiFX have reached 16 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 46632)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

HFM · Benchmark
Average transaction speed(ms)
499.7
The highest transaction speed(ms)
203
The highest speed of opening positions(ms)
203
The highest speed of closing position(ms)
203 Good
The lowest speed of opening positions(ms)
1906
The lowest speed of closing position(ms)
1954
Ranking: 36 / 120
Test user 246
Transactions 5,610
Ocuppied margin $3,679,442 USD
Data Source WikiFX Data provide
Updated: 2023-03-17 01:03:00
Pyramid scheme complaint
Expose
Scam

Fraud spread

I just open a position at 133.195 but the system is in pending and suddenly open at 133.372 for me. It makes me lost 177 pips at the beginning. It is a fraud, Stay away from fraud platform.

2022-12-20 13:33
Others

about exposing hf market business to Iran

HF markets Date of sending the complaint to hf markets: March 12th, 2021 Date Today : Jun 24th,2022 Dear hf markets: I'm sending you this email to complain about exposing your business to Iran and against Iran imposed sanctions, that resulted your weird behaviors. The misconducting that caused me and my client' heavy losses. The parts that you are held liable for my losses are : 1 - By suddenly increasing the commissions and spreads , you made my account solely for the purpose of maximizing your commissions, which is a serious fraud. 2- You failed several times to provide me with the real-time securities prices, and to the worse, you sold some of my holdings/positions based on your unreal estimated prices which then found out to be far from the real prices. As those stocks were never reached at the prices that you made the transactions upon. You are definitely liable for the losses that resulted. 3 - By not allowing to hedge my positions, you took away all the tools that you had to make available to me to stop the losses. If you were complying with the regulations on sanctions against Iran, you didn't have to cut us off in the middle of our active transactions, and to make us huge losses. Sanctions and restrictions are imposed by authorities in the US, EU and elsewhere. The penalties for breaching sanctions are severe. All companies which trade with Iran or which make or receive payments to or from natural persons in Iran are subject to those penalties. I'm entitled to receive all the money that That you have harmed me and my client by not following the rules The exact amount that I expect to get back is ..... After a very long time, no action was taken against my protest Hereby I notify you, if you do not resolve this I will file complaints with the appropriate consumer agencies , as well as with FINRA , with authorities in the US, EU , with your base country and consider my legal alternatives My hf :977447

2022-06-24 12:05
    Sources

    User Reviews

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    User comment

    22

    Comments

    Write a review

    一个好运的人
    more than one year
    HFM has different based account types than any other broker and for me, that is great because it allows one to explore different accounts and see which one is more comfortable for them. HFM is a unique broker.
    2023-02-16 12:09
    Reply
    0
    0
    FX1159891198
    more than one year
    HFM is also a trading platform that I have loved for many years, it is very reliable and formal. I initially entered the pit from the low deposit threshold. I didn't expect the trading environment of this platform to be so good, especially the PAMM account and copy trading account, which made me quite satisfied. It was a win. However, it is recommended that those of you who are inexperienced start trading honestly from a micro account. After all, the foreign exchange investment market is risky.
    2022-12-14 10:54
    Reply
    0
    0

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    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;+44-7517747077
    License or other information error corrections, please send the information to:qawikifx@gmail.com
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