Is HFM Legit or a Scam? 5 Key Questions Answered (2025)

You are likely looking at “HFM” (specifically the entity operating at hfm24.com) and wondering if it is a safe place to deposit your hard-earned cash. It can be confusing because the name sounds very similar to major brokers, but the details matter.

Here is what the WikiFX data reveals about their safety profile:

• WikiFX Score:1.22 / 10 (This is a low, “Stay Away” score).
• Establishment: They were established in 2024, making them a brand-new entity.
• Location: The platform is registered in Comoros.

With a score this low, you need to look closer before clicking “Deposit.”

Question 1: Is my money safe with HFM?

The Evidence:

According to the WikiFX regulatory database, HFM does not hold any valid regulatory license. The data explicitly states: “No valid regulation found.” While the broker is located in Comoros, there is no record of them being regulated by a Tier-1 financial authority (like the FCA or ASIC).

The Verdict:

No. Based on the current data, your funds are at high risk.

What this means for you:

Regulation is the only thing standing between a broker and your wallet.

• If a broker is Regulated: They must keep your money in a separate bank account (“Segregated Funds”). If they go bankrupt, you can usually get your money back.
• Since HFM is Unregulated: There is no “watchdog.” If they decide to close their website tomorrow, there is no government agency to help you recover your funds. This is known as Counterparty Risk—you are trusting a new company in Comoros entirely on blind faith.

Question 2: Why aren't there any complaints yet?

The Evidence:

We checked the WikiFX complaint database and currently found 0 complaints against this specific HFM (hfm24.com) entity.

The Explanation:

You might think, “No complaints means they are honest, right?” Not necessarily.

• The “New Broker” Illusion: HFM was established in 2024. A broker this new often hasn't been operating long enough for users to encounter withdrawal problems or slippage.
• The Silence Trap: Scams or low-quality brokers often have a “honeymoon period” where they pay out small withdrawals to build trust before blocking larger amounts.

Do not treat the lack of complaints as a badge of honor. In this case, it simply confirms they are too new to have a track record. You should rely on the License status (Question 1) as your true safety gauge, not the current lack of bad reviews.

Final Verdict: Should I open an account?

Based on the WikiFX score of 1.22 and the fact that this broker is unregulated and established only in 2024, we strongly advise against opening an account with HFM (hfm24.com).

The risk of depositing money into a newly established, unregulated platform in an offshore zone is incredibly high. There are many other brokers with scores above 7.0 and 10+ years of history that offer a safer environment.

Brokers change their terms often. Before you click 'Deposit', take 5 seconds to verify their live status and latest certificate on the WikiFX App.