Broker Dossier
HFM (HotForex)
HF Markets · Cyprus / Seychelles
Is HFM (HotForex) reliable? HFM (HotForex) holds licenses from FCA, CySEC but is not authorized by the SPK in Türkiye, so local investor protection does not apply for Turkish clients.
Verdict
Not SPK AuthorizedHFM (HotForex) is regulated abroad but is not SPK-authorized in Türkiye; local investor protection is limited.
Risk warning. Leveraged forex trading carries high risk and in Türkiye may only be offered by SPK-authorised intermediaries; leverage is capped at 1:10 (half of that may apply if the initial margin at account opening is below TRY 50,000). This content is not investment advice; user statements belong to their authors.
Pros
- Tier-1 regulator (FCA)
- Verifiable license number
- MT4 / MT5 support
- Established (16+ years)
Cons
- Not SPK-authorized in Türkiye
- Reported user risk signals
Frequently Asked Questions
Is HFM (HotForex) safe?
Our FX Trust Score for HFM (HotForex) is 7.8 out of 10. The firm is not authorised by SPK, so legal protection for investors resident in Türkiye is limited. Leading risk flag: spk tarafından yetkilendirilmemiştir. The score is a weighted summary of public data, not a guarantee.
What country is HFM (HotForex) from?
HFM (HotForex) (HF Markets) states its headquarters as Kıbrıs / Seyşeller, operating since 2010. Registered regulators: FCA (801701), CySEC (183/12).
Which company owns HFM (HotForex)?
HFM (HotForex) states that the brand is operated by HF Markets. Shareholding structure and ultimate beneficial owners could not be verified from public sources and are therefore not listed here; check the entity in the relevant regulator’s official register.
Is HFM (HotForex) approved by SPK?
No. HFM (HotForex) is not authorised by SPK. It declares FCA licences, but those do not confer the right to operate in Türkiye. Only SPK-authorised firms may offer forex in Türkiye.
It is regulated globally; however there is no SPK protection in Türkiye, and leveraged trading carries high risk.
User reports include observations about withdrawal times; details are in the complaints section.