HFM Review 2026
Full HFM review for India traders — regulation, spreads, fees and our honest verdict.
Regulation in India
| Regulator | FSA FSA — Seychelles Financial Services Authority (FSA) |
| Licence Number | SD015 |
| Regulated Entity | HF Markets (Seychelles) Ltd |
| Max Leverage (Forex) | 1:2000 |
| Minimum Deposit | $5 |
| EUR/USD Spread | From 0.3 pips |
| Instruments | 1,000+ |
| Platforms | MT4, MT5, HFM App |
| Copy Trading | ✓ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
Regulated by FSA (licence SD015). Minimum deposit $5. In India: maximum forex leverage 1:2000.
About HFM
HFM was founded in 2010 and is headquartered in Limassol, Cyprus. The broker offers 1,000 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by HF Markets (Seychelles) Ltd under FSA.
In India, HFM operates as HF Markets (Seychelles) Ltd, authorised by FSA under licence number SD015. India traders are subject to a maximum leverage of 1:2000 on forex pairs under FSA rules.
Trading Platforms
Pros
- FSA regulated — licence SD015
- 1,000+ instruments to trade
- Negative balance protection in India
- Platforms: MT4, MT5, HFM App
- Copy trading available
Cons
- No inactivity fee
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Frequently Asked Questions
Is HFM regulated?
HFM holds FSA licence SD015, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official FSA public register.
What is the minimum deposit for HFM in India?
The minimum deposit is $5. This is the amount required to open a live trading account for traders in India under FSA regulation.
What leverage does HFM offer in India?
In India, HFM offers maximum forex leverage of 1:2000 under FSA rules. Higher leverage may be available through offshore-regulated entities.
Is HFM safe to trade with?
HFM is regulated by FSA, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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