Is HFM a Scam? Regulation Check 2026

We checked HFM's licence in the official CySEC register. Here is what the public records say.

Verdict

HFM is NOT a scam. It holds CySEC licence 183/12, authorising it to offer trading services in Bulgaria.

How to verify on the official register

RegulatorCySEC CySEC
Cyprus Securities and Exchange Commission (CySEC)
Licence Number183/12
Regulated EntityHF Markets (Europe) Ltd
Founded2010

What CySEC regulation means

CySEC-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with CySEC directly.

What CySEC regulation means for your money

  • Client funds held in segregated bank accounts, separate from HFM's own capital
  • Negative balance protection — you cannot lose more than your deposit
  • Right to file complaints directly with CySEC if HFM fails to resolve your issue
  • HFM submits to regular independent financial audits under CySEC oversight

Frequently Asked Questions

Is HFM a scam or legitimate?

HFM is NOT a scam. It holds CySEC licence number 183/12. CySEC is one of the world's most respected financial regulators. The licence is publicly verifiable in the CySEC official register.

How do I check HFM's CySEC licence?

Go to the official CySEC website and use the public register search. Search for licence number 183/12 or the entity name. The record will confirm HFM's authorisation status and the scope of its permissions.

Are my funds safe with HFM?

As an CySEC-regulated broker, HFM must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if HFM encounters financial difficulties.

What protection do I have as a HFM client in Bulgaria?

In Bulgaria, HFM operates under CySEC supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with CySEC.

76% of retail investor accounts lose money when trading CFDs with HFM.

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