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HFM in Pakistan — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
Key facts (6 facts)
- Onboarding entity
- HF Markets (SV) Ltd
- Founded
- 2010
- Retail leverage
- 2000PK
- Round turn
- 6 USDPK
- Currencies
- USD (no PKR verified).
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with HFMThe broker's own website. Not a partner link — we earn nothing from it.
Taxes for a Pakistani resident(1 rule)
- Forex/derivatives trading profit for residents is generally taxed as income;https://tradersunion.com
Not tax advice. Check with the Federal Board of Revenue.
Who actually onboards you
- Entity that onboards Pakistan residents
- HF Markets (SV) Ltd
- Local standing
- Not locally regulated; legal via offshore route as no domestic framework.
- Licence as the register states it
- No SECP licence (no SECP retail-forex regime exists); offshore SVG entity.
- Leverage for this entity
- Up to 1:2000 offshore.
- The firm behind it
- Ex-HotForex, founded 2010, HQ Cyprus; multi-reg group.
- What we hold against it
- FCA clone-firm warning re HFM; PK served offshore, no local oversight.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Pakistani residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNot locally regulated; legal via offshore route as no domestic framework.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Pakistan market median(priced from 36 of 62)
Medians run over the 36 of 62 brokers that publish a price for Pakistan, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Cent, Zero, Pro, Premium, Islamic, min from USD 0-5. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (3 methods · 2 local)
Reported JazzCash, Easypaisa and local bank transfer (per broker guides;
- Reported JazzCashlocal
- Easypaisalocal
- Local bank transfer
- Account currency
- USD (no PKR verified).
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(7 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- MT4
- MT5
- HFM app
Identical for every row: Min spread 0.6 · Leverage 2000 PK.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.8 | — |
Share of reviewers in Pakistan: — The platform does not publish it.
Pros and cons(6 for and 4 against, each tied to a figure on this page)
- Round turn 6 USD on the raw + commission basis, under the Pakistan median 7
- Min deposit 5 USD, under the Pakistan median 7.5
- Withdrawal in 24 h, one of 46 of 62 brokers here that publish a time
- Swap-free account available
- Round-turn cost 95 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, HFM app
- No Pakistan authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- The published 1:2000 comes from the group's offshore entity, not from the Pakistan one
- Safety 0 of 100, its weakest of 6 scored axes
Where HFM sits in the Pakistan base(62 brokers)
Round-turn cost, USD (36 of 62 priced)
Median 7 USD · range 3-19 · this broker 6 USD · 26 of 62 brokers do not publish it
Minimum deposit, USD (16 of 62 priced)
Median 7.5 USD · range 0-237.2 · this broker 5 USD · 46 of 62 brokers do not publish it
Retail leverage (34 of 62 with a Pakistan figure)
Median 1:750 · range 50-5000 · this broker 1:2000 · 28 of 62 brokers do not publish it
Withdrawal time published (62 brokers)
Alternatives in Pakistan(6 of 62 scored in Pakistan)
- Round turn, USD
- 5PK
- Min deposit, USD
- 10PK
- Leverage
- 2000PK
- Rank in this country
- #4
- Round turn, USD
- 6PK
- Min deposit, USD
- 0PK
- Leverage
- 500PK
- Rank in this country
- #6
- Round turn, USD
- 6PK
- Min deposit, USD
- 5 groupPK
- Leverage
- 3000PK
- Rank in this country
- #7
- Round turn, USD
- 8PK
- Min deposit, USD
- 10 groupPK
- Leverage
- 200PK
- Rank in this country
- #8
- Round turn, USD
- 7PK
- Min deposit, USD
- 0 groupPK
- Leverage
- 500PK
- Rank in this country
- #15
- Round turn, USD
- 7PK
- Min deposit, USD
- 5PK
- Leverage
- 1000PK
- Rank in this country
- #30
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Pakistan score. Full methodology
| Axis | Weight | What is measured | HFM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 90 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 95 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 80 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does HFM accept residents of Pakistan?
- No. Not locally regulated; legal via offshore route as no domestic framework. Onboarding entity: HF Markets (SV) Ltd
- Is HFM licensed to serve clients in Pakistan?
- No SECP licence (no SECP retail-forex regime exists); offshore SVG entity. Checked on 09.07.2026.
- How much does one round turn cost at HFM?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for Pakistan is 7.0 USD.
- What leverage does HFM offer to retail clients in Pakistan?
- Up to 1:2000. leverageGeo: Up to 1:2000 offshore.
- Which trading platforms does HFM support?
- MT4, MT5, HFM app. Instruments: FX, metals, indices, shares, commodities, crypto CFDs.
- How can I withdraw money from HFM in Pakistan?
- Reported JazzCash, Easypaisa and local bank transfer (per broker guides; not officially confirmed on hfm.com).
- What account types does HFM offer?
- Cent, Zero, Pro, Premium, Islamic; min from USD 0-5.
- Does HFM offer a swap-free (Islamic) account?
- Yes. HFM offers a swap-free (Islamic) account to Pakistan residents.
Cost calculator (median of 36 priced of 62)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a PKR conversion because the exchange rate is not part of our data.