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HFX Review
HFX is an Indonesian forex broker regulated only by BAPPEBTI. It also runs a separate offshore entity for foreign clients, licensed in Anjouan.
Min Deposit
$100
Spreads From
0.0 pips on Premium plus commission, 1 pip on Mini
Max Leverage
1:200 on Mini accounts, 1:50 on Classic and Premium
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Indonesian arm holds a genuine BAPPEBTI license since 2006
- Client funds sit in segregated accounts at named local banks
- Low entry point, the Mini account opens with just $100
- Offshore HFX Trade arm adds MetaTrader 5 alongside MT4
Cons
- BAPPEBTI only protects clients who live inside Indonesia
- Foreign clients are routed to a separate Anjouan licensed entity
- Anjouan is a light touch offshore regulator, not a major authority
- Deposits and withdrawals rely mainly on bank wire transfer
- Public detail on the management team is very limited
HFX is a forex and CFD broker that started in Jakarta in 2006. Its Indonesian company is PT. HFX Internasional Berjangka, once named PT. Fortis Asia Futures. This entity is licensed by BAPPEBTI, Indonesia's commodity futures regulator, and mainly serves traders who live in Indonesia.
Indonesian clients trade forex, metals, energies, and indices on MetaTrader 4. Accounts start at $100, with leverage up to 1:200 on the Mini account. People outside Indonesia are usually pointed to a different company, HFX Trade, based in Anjouan and Dubai. HFX Trade uses MetaTrader 5 and holds only a license from the Anjouan Offshore Finance Authority, a small offshore regulator with light rules.
Neither license comes from a major regulator like the FCA or ASIC. BAPPEBTI only protects clients inside Indonesia, and Anjouan offers almost no real investor protection. We found no proof of fraud at HFX, but the split structure and light offshore rules mean traders outside Indonesia carry real risk.
Min. Deposit
USD 100
Max Leverage
1:200 on Mini accounts, 1:50 on Classic and Premium
Spreads From
0.0 pips on Premium plus commission, 1 pip on Mini
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
