HFM Overview
HFM is a forex and CFD broker established in 2010. The company is headquartered in Nairobi, Kenya and offers comprehensive trading services with CMA approval for Kenyan clients.
What sets HFM apart is its commitment to providing accessible forex trading services with low minimum deposits across 2 trading platforms. .
For Kenyan traders specifically, HFM provides various payment methods suitable for international clients. The broker also offers swap-free Islamic accounts for traders following Shariah principles.
HFM Regulation & Safety
Regulatory Licenses
Regulatory information not available
HFM Safety Features
- Segregated client funds
- SSL encryption
- Negative balance protection
- CMA Regulated for Kenya
HFM Pros & Cons
Advantages
- Regulated by multiple financial authorities including the FCA and CySEC
- Offers a variety of account types suitable for different trading needs
- Provides negative balance protection to safeguard traders
- Access to a wide range of trading instruments including forex, commodities, and indices
- User-friendly trading platforms, including MetaTrader 4 and MetaTrader 5
- Competitive spreads and leverage options
Disadvantages
- Limited educational resources compared to some competitors
- Inactivity fees may apply to dormant accounts
- Withdrawal fees can be high depending on the method used
- Customer support is not available 24/7
- Complex fee structure for some account types
HFM Final Verdict
HFM stands out as an excellent choice for Kenyan traders, particularly those who are new to forex trading. The combination of trading features, low minimum deposits, and comprehensive trading features makes it an ideal choice for the Kenyan market.