✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you why You should NOT invest in HF Markets. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about HF Markets and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websitehfm.com (Latin America) – hfeu.com (Europe) – hfmarkets.co.uk (United Kingdom)
🏠 CompanyHF Markets (SV) Ltd (Latin America) – HF Markets Fintech Services Ltd (Europe) – HF Markets (UK) Ltd
RegulatoryCySEC (for Europe clients) – FCA (For UK clients)
📧 Email[email protected]
📈 PlataformMT4–MT5
📌 AddressSuite 305, Griffith Corporate Center, PO Box 1510, Beachmont Kingstown, Saint Vincent and the Grenadines
Spyrou Kyprianou 50, Irida 3 Tower 7th Floor, Larnaca 6057, Cyprus
Bloomsbury Building 10 Bloomsbury Way, Holborn, London, United Kingdom

⚠️ Depending on the location of the client, the company that provides the service will be different, in the cases of Latin America and Cyprus, these are dangerous places for their clients due to their lack of regulation and lack of seriousness. It is also necessary to clarify that HF ​​Markets is the new name of the broker Hotforex, which is no longer active, but at the time it had a lot of scam complaints, which is why we do not recommend this broker at all. ⚠️

Account types

Now we will analyze the types of accounts offered by HF Markets, in this case, we observe that it offers 3 different types of accounts:

Account typeMinimum initial deposit
Zero Spreads$200

Information on the web

H.F.M. website

HF Markets provides a basic explanation of the financial products it offers, market news and analysis, economic calendar, really not much more than this.

List of phone numbers


🚫 Final valuation of HF Markets 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH HF Markets.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.


News about HF Markets:

Date Update – news
January 2023We receive a large number of messages from HF Markets clients who claim that they cannot withdraw their capital.
January 2023Complaint against HF Markets of FCA
March 2024Complaint against HF Markets of CNMV

User Reviews

[democracy id = ”6176 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with HF Markets.

At the end of the review you will find customer comments.

How to Claim Money scammed by HF Markets

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report HF Markets

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.


How can I report HF Markets?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is HF Markets a scam – is it a scam?

Yes. We believe that HF ​​Markets is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is HF Markets trustworthy?

No. HF Markets is not reliable, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from HF Markets?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

Are there (recommended) alternatives to HF Markets?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

4 comments on «Is HF Markets (HFM) a scam? Opinions of 2023»

  1. simon cart Reply

    This company has many complaints and FCA has already made it known, there are many of us who have been swindled

    • Recommended-brokers.com Reply

      Hi Simon Cart, thanks for writing about HF Markets. This broker is considered a SCAM. The FCA (Financial Regulator of the United Kingdom) has put a notice on them, for lack of regulation and for misleading their customers (See FCA link).

      We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you have lost everything and they keep it that way.

      If when you request a withdrawal, they ask you for more to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.

      All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the names of your advisor, numbers, emails from which they have contacted you, etc.

      To get your money back, talk to our CHAT or fill out the Form at this link: CLAIM YOUR MONEY


  2. Angel Reply

    They are inviting me to invest, but I don't want them to steal my money or scam me. Can you help me? Blessings.

    • Recommended-brokers.com Reply

      Hi Angel, thanks for writing about HF Markets. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY


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