Are HFM (HotForex) and FBS SPK licensed?

HFM (HotForex): not SPK authorized. FBS: not SPK authorized.

HFM (HotForex) vs FBS: Which Is More Reliable?

HFM (HotForex) scores higher (FX Trust Score 7.2) than FBS (6.1). Both should be assessed for SPK authorization.

Risk warning. Leveraged forex trading carries high risk and, in Türkiye, is subject to SPK regulation (1:10 leverage cap, ~50,000 TRY margin). This content is not investment advice; user statements belong to their authors.

HFM (HotForex)

7.2 / 10

Not SPK Authorized

Cyprus / Seychelles

Founded: 2010

Platform: MT4, MT5

Regulator: FCA, CySEC

0 complaints

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FBS

6.1 / 10

Not SPK Authorized

Belize

Founded: 2009

Platform: MT4, MT5, FBS Trader

Regulator: FSC

1 complaints

See review →

Frequently Asked Questions

Which is more reliable, HFM (HotForex) or FBS?: HFM (HotForex) scores higher (FX Trust Score 7.2) than FBS (6.1). Both should be assessed for SPK authorization.
Are HFM (HotForex) and FBS SPK licensed?: HFM (HotForex): not SPK authorized. FBS: not SPK authorized.