The Philippines Securities and Exchange Commission warned on 12 December 2025 that HFM was not registered in the country and lacked authorisation to solicit Filipino investors into CFD trading.
Profit and Withdrawal Complaints in 2026
Documented complaints include removed profits, a delayed $9,000 withdrawal, disputed account closures and a cryptocurrency withdrawal marked successful before receipt. Several cases were reportedly resolved, an important distinction from allegations that remain open.
Regulated Entities and Clone Websites
HFM operates genuine entities associated with FCA and CySEC regulation. The FCA has also warned about unrelated clone websites impersonating HFM; those sites should not be confused with the authorised firm.
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Resolved does not always mean promptly resolved
The Philippines warning concerns local market access, not a fraud finding. The frequency of dated disputes nevertheless deserves scrutiny.
About HFM
HFM is an international forex and CFD broker operating through several regulated entities.
Frequently Asked Questions
Why did the Philippines SEC warn about HFM?
It said HFM lacked the local registration and authorisation required to solicit Filipino investors.
Are HFM clone sites the genuine broker?
No. The FCA warnings identify unauthorised third parties impersonating the brand.