HFM review Featured
HFM is the most Africa-ready broker on our radar. It holds both CMA and FSCA licences, runs a physical office in Nairobi, offers KES accounts and M-Pesa, and has no minimum deposit on its main accounts. Card withdrawals can be slow, so use M-Pesa or e-wallets.
#1 of 10
Score breakdown
Calculated automatically from the facts on this page. How we score.
Pros and cons
What we like
- CMA and FSCA licensed
- Nairobi office and KES accounts
- $0 minimum and M-Pesa funding
- Strong free education centre
Watch out for
- Card withdrawals can take up to 10 business days
- Bank transfer minimum is high in Kenya
- No cTrader or TradingView
Licences — verify them yourself
| Regulator | Entity | Licence | |
|---|---|---|---|
| FSCA South Africa | HFM (South Africa) | FSP 46632 | Verify on register ↗ |
| CMA Kenya | HFM Investments Ltd | Licence 155 | Verify on register ↗ |
| FCA United Kingdom | HF Markets (UK) Ltd | FRN 801701 | Verify on register ↗ |
| DFSA Dubai | HF Markets (DIFC) Ltd | See register | Verify on register ↗ |
| FSC Mauritius | HF Markets (Mauritius) | See register | Verify on register ↗ |
Search the entity name or licence number on the regulator's own site. If they don't match exactly, don't deposit.
Accounts and costs
| Account | Min deposit | EUR/USD spread | Commission |
|---|---|---|---|
| Cent | $0 | Variable | None |
| Premium | $0 | ~1.0 pip avg | None |
| Zero | $0 | From 0.0 pips | Per lot |
| Pro | $100 (KES 13,000 in Kenya) | Tighter than Premium | None |
Cent, Premium, Zero and Pro accounts on MT4/MT5 and the HFM App. HFcopy copy trading, Autochartist for deposits from $100, swap-free accounts, and 24/7 gold since October 2026.
Deposits and withdrawals
- Payment methods
- M-Pesa (KE, from KES 700) · Kenyan bank transfer (from KES 11,000) · SA bank transfer · Visa / Mastercard · Skrill · Neteller
- Withdrawals
- E-wallets same day · SA bank ≤2 days · cards up to 10 business days
- Deposit currencies
- USD, ZAR, KES, NGN
- African-currency accounts
- KES, ZAR
Platforms and markets
- Platforms
- MT4, MT5, HFM App, WebTrader
- Execution
- Market execution · no requotes
- Instruments
- 1,000+ — FX, metals, energies, indices, stocks, bonds, ETFs, crypto
- Currency pairs
- 50+ currency pairs
- Copy trading
- Yes
- Islamic accounts
- Yes
Support
24/7 · live chat, email, phone · Office in Nairobi.
FAQ
Is HFM regulated in South Africa?
Yes. HFM (South Africa) is authorised by the FSCA (FSP 46632). Check the number yourself on the FSCA register.
Is HFM regulated in Kenya?
Yes. HFM Investments Ltd holds a CMA licence (Licence 155). Leverage for Kenyan clients is capped at 1:400.
Is HFM regulated in Nigeria?
No broker is licensed for online forex by SEC Nigeria yet. The SEC published draft rules in September 2026; until they take effect, Nigerians trade with offshore entities.
What is the minimum deposit at HFM?
$0 Cent/Premium/Zero (≈$5 by payment method). Payment methods can set their own minimums.
Can I deposit with M-Pesa?
Yes. M-Pesa is supported for Kenyan clients.
Which platforms does HFM offer?
MT4, MT5, HFM App, WebTrader.
How is the 9.1/10 score calculated?
From five weighted factors — regulation 30%, costs 20%, funding in Africa 20%, platforms 15%, support 15% — applied to the facts on this page. See "How we score" on our About page.
Sources: FXScouts Kenya ↗SA Shares ↗investingLive (24/7 gold) ↗ · Last checked Oct 2026