Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

HF Market

Cyprus|1-2 years|
Suspicious Scope of Business|High potential risk|

https://hf-market.org/

Website

Rating Index

Contact

+44 113 328 0229
support@hf-market.org
https://hf-market.org/
Spyrou Kyprianou 50, Irida 3 Tower 10th Floor, Larnaca 6057, Cyprus

Licenses

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

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-06-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 183/12) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

HF Market · WikiFX Survey

Users who viewed HF Market also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

HFM

8.25
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

FBS

8.75
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

CPT Markets

8.21
Score
5-10 yearsRegulated in United KingdomMarket Making(MM)MT4 Full License
Official website

HF Market · Company Summary

Note: Regrettably, the official website of HF Market, namely https://hf-market.org/, is currently experiencing functionality issues.

HF Market Review Summary
Registered Country/Region Cyprus
Regulation CYSEC (Suspicious Clone)
Leverage 1:200
EUR/ USD Spread 1.0 pips
Trading Platforms Web-based Platform
Minimum Deposit $250
Customer Support Phone and email

What is HF Market?

HF Market, a trading platform that operates under the regulatory oversight of CYSEC in Cyprus, offering a maximum leverage of 1:200 and a EUR/USD spread of 1.0 pips. With a minimum deposit requirement of $250, HF Market provides customer support through phone and email channels. Despite these features, the platform has faced scrutiny due to its suspicious clone status with CYSEC, raising doubts about its trustworthiness and stability. Additionally, the inaccessibility of its official website further compounds concerns about transparency and reliability.

HF Market

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Competitive spreads
  • Clone website scam
  • No legit forex license
  • No functional trading platform
  • Suspicious clone status
  • Inaccessible website

Pros:

- Competitive Spreads: HF Market advertises a tight spread of 1.0 pips for the popular EUR/USD currency pair. Low spreads can help minimize trading costs and improve potential profitability.

Cons:

- Clone Website Scam: HF Market is associated with a clone website scam, which raises significant concerns about its legitimacy and trustworthiness. Traders should be cautious and avoid engaging with such platforms.

- Lack of Legitimate Forex License: HF Market does not possess a legitimate forex license. This lack of proper authorization or recognition further undermines its credibility and raises doubts about the broker's legitimacy.

- Non-functional Trading Platform: Reports suggest that HF Market's trading platform is not fully functional. This can result in a poor user experience, limited trading capabilities, and potential issues with executing trades effectively.

- Suspicious Clone Status: HF Market has been flagged as a suspicious clone by regulatory authorities. This status indicates that HF Market may be attempting to replicate the reputation or identity of a legitimate trading platform, further highlighting concerns about its trustworthiness.

- Suspicious Clone Status: HF Market has been flagged as a suspicious clone by regulatory authorities. This status indicates that HF Market may be attempting to replicate the reputation or identity of a legitimate trading platform, further highlighting concerns about its trustworthiness.

- Inaccessible Website: HF Market's official website is inaccessible, which makes it challenging for traders to access necessary information or conduct proper research. This lack of transparency and communication adds to the overall skepticism surrounding the broker.

Is HF Market Safe or Scam?

The license claimed by this broker from the Cyprus Securities and Exchange Commission (CySEC), specifically a Market Making (MM) license with number 183/12, has been brought under suspicion of being a potential clone or counterfeit. It is crucial for investors to exercise caution as these circumstances raise doubts regarding the legitimacy and authenticity of the broker.

suspicious clone CYSEC license

Furthermore, the inaccessibility of their official website further intensifies apprehensions about the trustworthiness and stability of their trading platform. These combined factors significantly elevate the level of risk associated with engaging in investments with HF Market. It is imperative for individuals to thoroughly assess and consider these concerns before making any investment decisions with this broker.

Leverage

HF Market offers a maximum leverage of 1:200 to its clients, which means that traders can potentially control a larger position size in the market with a smaller amount of capital. Leverage enables traders to amplify the potential returns on their investments, as it increases the buying power available for trading. For instance, with a 1:200 leverage ratio, a trader can control a position valued at $20,000 with a deposit of $100. This feature may appeal to traders seeking the potential for amplified profits in their trading activities.

However, it is important to note that while leverage can magnify potential gains, it also exposes traders to heightened risks. The increased buying power provided by leverage means that losses can also be amplified, potentially exceeding the initial investment. Therefore, it is crucial for traders to approach the use of leverage with caution and to carefully consider the associated risks.

Spreads & Commissions

HF Market claims to offer spreads starting from 1.0 pips. The spread refers to the difference between the buy and sell price of a trading instrument, and it represents one of the costs associated with trading. A lower spread generally indicates a more favorable cost for traders, as it reduces the price difference that needs to be overcome before a trade becomes profitable.

Unfortunately, the website of HF Market is currently inaccessible, making it difficult to provide specific information about the commissions charged by the broker. Commissions are additional fees that brokers may charge for executing trades on behalf of their clients. The absence of available information on the specific commissions charged by HF Market raises concerns, as transparency regarding fees is crucial for traders in evaluating the overall costs associated with trading on a particular platform.

Trading Platforms

The trading platform offered by HF Market is a web-based platform. It promises to provide users with a Desktop Terminal, a Web Trader, and a Mobile Trader, but according to reports, the actual platform falls short of these promises and has a peculiar and unprofessional appearance. This raises concerns and suggests that the broker may not be reliable.

A clear indication of a trustworthy broker is their support for well-established and professional platforms like MetaTrader4 and MetaTrader5. However, HF Market lacks support for these industry-standard platforms, which is a definite red flag. Legitimate brokers generally offer MetaTrader platforms due to their widespread usage and highly regarded features.

In contrast, HF Market offers a web-based platform that reportedly lacks the professionalism, reliability, and advanced features found in platforms like MetaTrader. Traders should be cautious when evaluating the capabilities and trading experience provided by HF Market based on this platform's limitations and questionable appearance.

web-based platform

Deposits & Withdrawals

HF Market provides its clients with multiple options for making deposits and withdrawals, aiming to offer convenience and flexibility in managing their funds. Clients can choose from various payment methods, including VISA and Mastercard, which allow for easy and secure transactions using debit or credit cards.

For those who prefer traditional banking methods, HF Market supports bank wire transfers. This method enables clients to deposit or withdraw funds directly from their bank accounts. While bank transfers may take longer processing times compared to other payment options, they provide a reliable and widely accepted method for transferring larger amounts of money.

Additionally, HF Market accepts alternative payment methods such as PaysafeCard, which offers a prepaid solution for online transactions. Clients can purchase these cards with a specific value and use them to deposit funds into their trading accounts securely.

The broker also supports popular e-wallet services like WebMoney, Skrill, and Neteller. These platforms provide clients with quick and convenient ways to deposit and withdraw funds, as well as the ability to store money in their e-wallet accounts for future transactions.

Furthermore, HF Market acknowledges the growing popularity of cryptocurrencies and offers support for Bitcoin deposits and withdrawals. This allows clients to utilize the benefits of digital currencies, such as fast and decentralized transactions, to fund their trading accounts.

HF Market also provides the option to deposit and withdraw funds using PayPal.

Payment Methods

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +44 113 328 0229

Email: support@hf-market.org

Address: Spyrou Kyprianou 50, Irida 3 Tower 10th Floor, Larnaca 6057, Cyprus

Conclusion

In conclusion, HF Market presents a myriad of red flags and concerning issues that significantly undermine its credibility and trustworthiness as a trading platform. The association with a clone website scam, the lack of a legitimate forex license, non-functional trading platform, suspicious clone status, and inaccessible website all contribute to an overwhelmingly negative assessment. These factors collectively raise serious doubts about the broker's legitimacy and the potential risks it poses to traders.

Frequently Asked Questions (FAQs)

Q 1: Is HF Market regulated by any financial authority?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at HF Market?
A 2: You can contact via telephone: +44 113 328 0229 and email: support@hf-market.org.
Q 3: What platform does HF Market offer?
A 3: It offers web-based Platform.
Q 4: What is the minimum deposit for HF Market?
A 4: The minimum initial deposit to open an account is $250.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

HF Market

Company Abbreviation

HF Market

Regulatory Status

Suspicious Clone

Platform registered country and region

Cyprus

Company website
Phone of the company
  • +44 113 328 0229

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address
  • Spyrou Kyprianou 50, Irida 3 Tower 10th Floor, Larnaca 6057, Cyprus

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@hf-market.org

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

1

Comments

Write a review

Wendist
more than one year
Platform is solid. Many traders I know use this platform. Despite several negative reviews, it's not a scam. However, you need to understand the risks of CFD trading before diving in. They often restrict tools.
2024-02-29 15:04
Reply
0
0
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong China

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ 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;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com