HFM Review 2026
The full HFM write-up for Philippines traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Philippines
| 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
Cooks under FSA (licence SD015). Cover charge $5. In Philippines, forex leverage is capped at 1:2000.
About HFM
HFM opened its doors in 2010 out of a kitchen in Limassol, Cyprus. Its menu runs to 1,000 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by HF Markets (Seychelles) Ltd under FSA.
In Philippines, HFM serves as HF Markets (Seychelles) Ltd, cleared by FSA under licence number SD015. Under FSA house rules, Philippines traders are poured no more than 1:2000 leverage on forex pairs.
Trading Platforms
Pros
- FSA regulated, licence SD015
- 1,000+ instruments to trade
- Negative balance protection in Philippines
- Platforms: MT4, MT5, HFM App
- Copy trading available
- Founded in 2010 (16 years operating)
- Licences in 5 jurisdictions
Cons
- No inactivity fee
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is HFM regulated?
Yes. HFM is authorised by FSA, issued to the entity HF Markets (Seychelles) Ltd, an authorisation you can look up for yourself on the official FSA public register.
What is the minimum deposit for HFM in Philippines?
The cover charge is $5, the smallest amount Philippines traders need to open a live account with HFM under FSA rules.
What leverage does HFM offer in Philippines?
In Philippines, FSA rules cap HFM at 1:2000 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is HFM safe to trade with?
The kitchen passes inspection: HFM cooks under FSA. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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