Recalculated 2026-11-02 · Established 2010 · SA clients served under LOCAL FSCA-licen
HFM — South Africa
HFM is rated 4.10 out of 5 by our formula (Rank #4 of 70) for traders in South Africa: round turn 6 USD, residents accepted — Yes.
Suits you if the round turn is 6 USD against a 7 USD median here · you can open with 0 USD · it takes residents of South Africa
Key facts (8)
- Who actually onboards you
- SA clients served under LOCAL FSCA-licensed entity HF Markets SA (Pty)
- Licence number
- 46632
- Established
- 2010
- Min deposit, USD
- 0 USDgroup
- Platforms
- MT4 · MT5 · HFM app
- Local funding
- Fast free deposits/withdrawals via local ZAR ban
- Max leverage
- 2000geo
- EURUSD
- 0.6 pipsgroup
Accounts (5)
5 of 5 accounts with a published cost per lot
5 of 5 shown
Click a column heading to sort. Figures are list terms, no promo codes.
| Broker · account | Min deposit, USD | Spread | Commission | Cost per lot | Swap-free |
|---|---|---|---|---|---|
| HFMInfinityX | 500 | 0.3advertised | Anyper standard lot | 3round turn, USD | Swap-free |
| HFMCent | 0 | 1.4advertised | Anyper standard lot | 14round turn, USD | Swap-free |
| HFMZero | 0 | 0advertised | — | 0round turn, USD | Swap-free |
| HFMPro | 100 | 0.6advertised | Anyper standard lot | 6round turn, USD | Swap-free |
| HFMPremium | 0 | 1.4advertised | Anyper standard lot | 14round turn, USD | Swap-free |
This broker against the South Africa middle (81 of 104)
| HFM | South Africa median | |
|---|---|---|
| Round turn, USD | 6.0 USD | 7.0 USD |
| Min deposit, USD | 0 USDgroup | 50.0 USD |
| Max leverage | 2000geo | 500.0geo |
| Withdrawal, h | same business daygroup | 24.0 h |
| EURUSD, standard | 0.6 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2010 | 2009.0 |
| Platforms | 3 | 3.0 |
Licensed in South Africa
Locally regulated (positive): fund segregation, transparent pricing, local support and recourse.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about HFM.
- Who actually onboards you
- SA clients served under LOCAL FSCA-licensed entity HF Markets SA (Pty) Ltd.
- Licence number
- 46632
- Local licence
- yes
- Checked
- 2026-07-09
Score (6/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:25.0% × 4.00+ 20.0% × 4.75+ 20.0% × 4.50+ 15.0% × 4.00+ 10.0% × 4.00+ 10.0% × 2.50= 4.1
Ranked against brokers measured on every axis
Licence check
- Licence number
- 46632
- Checked
- 2026-07-09
Who actually onboards you
SA clients served under LOCAL FSCA-licensed entity HF Markets SA (Pty) Ltd.
Locally licensed entity
What each account gives you
Cent, Zero, Pro, Premium, Islamic; 1000+ CFD instruments; low min.
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Low minimum; ZAR local bank rails.
What the broker publishes about payouts
Trading software and asset classes (3)
MT4 · MT5 · HFM app
1000+ CFDs: FX, metals, indices, shares, commodities, crypto.
Reviews
HFM Reviews 2,295
Where it wins, where it loses
Pros (4)
- Round turn 6.0 USD against a South Africa median of 7.0
- Licensed locally: 46632
- Swap-free account available
- Withdrawal published at same business day
Cons (1)
- Carries a regulator warning; excluded from beginner and most-established lists
Where it does not serve
United States, Canada, Sudan, Syria, Iran, North Korea
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (3)
3 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- The broker's own documents
- 1hfm.com/zahfm.com · pageBroker
- Aggregators and directories
- 2fxscouts.co.zafxscouts.co.za · domainAggregator
- 3sashares.co.zasashares.co.za · domainAggregator
FAQ (5)
Does HFM accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of HFM?
SA clients served under LOCAL FSCA-licensed entity HF Markets SA (Pty) Ltd.
What licence does HFM hold for South Africa?
Licence 46632.
What does one EURUSD lot cost at HFM?
6.0 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.
How long does a withdrawal from HFM take?
HFM publishes same business day. Their own wording: “most withdrawal requests submitted before 10:00 server time are processed the same business day”.