Score

7.14 /10
Good

HFM

Cyprus

5-10 years

Regulated in Cyprus

Market Making(MM)

MT4/5 full license

Global Business

Suspicious Overrun

High potential risk

Offshore Regulatory

Benchmark

AA

Influence

A

Influence

E

Open Account
Website

Score

License Index7.89

Business Index7.98

Risk Management Index0.00

Software Index9.12

Regulatory Index7.86

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

Benchmark

AA

Influence

A

Influence

E

Website
Open Account

Licenses

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

Single Core

1G

40G

Open for free

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 : 2022-10-08
  • The number of the complaints received by WikiFX have reached 26 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)
596.6
The highest transaction speed(ms)
234
The highest speed of opening positions(ms)
234
The highest speed of closing position(ms)
0
The lowest speed of opening positions(ms)
1002 Great
The lowest speed of closing position(ms)
0 Perfect
Ranking: 34 / 113
Test user 279
Transactions 2,207
Ocuppied margin $3,212,906 USD
Data Source WikiFX Data provide
Updated: 2022-09-30 00:09:00
Pyramid scheme complaint
Expose
Unable to withdraw

After the profit is made, the platform does not allow withdrawals, and even deletes the profitable account.

The HotForex platform does not withdraw funds after investors make a profit, and also deletes profitable accounts. As long as it makes a profit, it is said to be a violation. Who dares to trade on it?

2021-03-26 14:58
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

    News

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    2022-04-18 15:37
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    Ramadan Kareem 2022 Celebrate while trading for a good cause

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    2022-04-16 21:29
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    NewsHoly Ramadan Trading Contest 2022 at Hotforex

    For the month of Ramadan, Hotforex has organized a Forex trading competition. For each lot of gold and silver sold, Hotforex will pay $1. Hotforex review. By participating in this trading challenge, you may win a full VR system, a PS5, or a DJI First-person view Drone.

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    News A MASSIVE EMPLOYMENT CUT IS ON THE HORIZON AS THE DOLLAR HITS N590 AND FOREX SCARCITY STRIKES MORE

    Even as the parallel market exchange rate approaches N590/$1, the country's ongoing foreign exchange scarcity has worsened.

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    ExposureThe HotForex Seduces the Victim with Huge Profit

    We received a complaint from Mrs. Agatha, who was struggling with the withdrawal procedure on the trading platform HotForex and Wealth creation FX company. A manager from the Wealth creation FX company and HotForex asked for an account releasing fee during the process of the withdrawal. As what the victim said, she realized that it didn’t add up when the manager asked her to pay ZAR 4,900.

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    2020-11-11 16:05
    The HotForex Seduces the Victim with Huge Profit
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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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