Is HFM a Scam? Regulation Check 2026
We checked HFM's licence in the official FSA register. Here is what the public records say.
Verdict
HFM is NOT a scam. It holds FSA licence SD015, authorising it to offer trading services in India.
How to verify on the official register
| Regulator | FSA FSA Seychelles Financial Services Authority (FSA) |
| Licence Number | SD015 |
| Regulated Entity | HF Markets (Seychelles) Ltd |
| Founded | 2010 |
What FSA regulation means
FSA-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with FSA directly.
What FSA regulation means for your money
- Client funds held in segregated bank accounts, separate from HFM's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with FSA if HFM fails to resolve your issue
- HFM submits to regular independent financial audits under FSA oversight
Frequently Asked Questions
Is HFM a scam or legitimate?
HFM is NOT a scam. It holds FSA licence number SD015. FSA is one of the world's most respected financial regulators. The licence is publicly verifiable in the FSA official register.
How do I check HFM's FSA licence?
Go to the official FSA website and use the public register search. Search for licence number SD015 or the entity name. The record will confirm HFM's authorisation status and the scope of its permissions.
Are my funds safe with HFM?
As an FSA-regulated broker, HFM must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if HFM encounters financial difficulties.
What protection do I have as a HFM client in India?
In India, HFM operates under FSA supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with FSA.
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