HFM is a counterfeit brokerage, impersonating the legitimate broker HFM. This broker uses the same name and LOGO as the real HFM, aiming to confuse investors. Moreover, the broker's website highly resembles those of many other counterfeit brokerages, suggesting it's likely created using the same website template.
Company Background:
This broker is a forex brokerage established in 2024, with its corporate entity undisclosed. Its registered address, Suite 404, The Matalon, Coney Drive, Belize City, Belize, is the same as another fraudulent platform. The broker claims its mission is to sync with global markets and assist customers in achieving their investment goals with an open mindset. Its official website domain was registered on February 14, 2024, meaning it has been operational for merely a month.
![whois domain registration date](https://production-app-asset.traderknows.com/images/9a4d21321fac461dbe292f53300368ea.width-800.jpg?Expires=1728351927&Signature=JBb50GuHoa8itVRMZbHbRnwxOlkyn4S9sHeWTbfi47hNUvidQu3~ViCehAzXfXrsDhVsotMDPEImHhOxRF2-QfuHSb2k33MpUnVvaL6My0Hx7mHS2mT1KeCnjSGMJBbGb808piABLshOzXgw0My8cLqoyLsRUv1BTzvjpHhJ91S8KdvNE6Sk3qpO6vWy5W6ad3hzZoacfDAK9lhIDA7BHvG4DaSIsqgJHYjEqSwIatGVpaWd~v81dGOoQ88QrYwzP2-ODKRuzNrPU8sIrkVoAi~BEe5HQsg7fDtoUM5XfePcTkVEasc7bUYyZNhLWHEPX0izMpqfI5kUaS2~O-CUEQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
![Counterfeit platform official website](https://production-app-asset.traderknows.com/images/44c7e71fc2dd4538bcf3fc3463138afa.width-800.jpg?Expires=1728351927&Signature=AgueHbTwxkoaVerLuht~iAA4HE6v~f9DkCdt-p3Www3cmpL0lVjT87XU6uKkcDsw1u13FmsBzc~vyS0kr2-UueUQ7DCiAalr8eZV3~kzOTRict8tQ9wVAVsLQ0I4B8YNK9aqkq2l9H8prPwzOw7LOBS5tksqGYFK4Mp8WkoCCduH5~kFndkkoSKNrsuf04Tvk~2fHcsriLc9Ck0qT4dOpzjXkuJ02S4XVWOUZNN9xpy8p0Fxbr4YTdtuxkEhHzMZprRC9J6XK0CxornbRzafWDKL00jzuW~MRZZ3TXfPU5-Jq9S-SNJROwEjJO4mYjrrTWaRguhIGuaKWBE4pfBpSQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
![Counterfeit platform](https://production-app-asset.traderknows.com/images/1b86871f03b24dc39fe6d4919dcefee0.width-800.jpg?Expires=1728351927&Signature=lamIyBVYfLm7sKgCyB4JfpI64Ax5ymfpVtqQHHdocvkuVV5cMfkot4MZB90sHtXj~SHu1WBMtK~z601VIofXzIputx7veUX1BAAa10QayAMlPqJDiye3CB15Sc0-R6Y6k5GzNAJ3KxY0YuCcISuoFy4lZvhCLCpC~wRVwlB0mwO8oog7kpnCehueHxj4D0tJRw24R~IVyk~maayK0NC-7fiK4Yo2J27CjIuh1wKyzfj3gGFHaNpgvQLp9fcj~G0vqF2HCrUVnsd0JbZFr9WzzoTkJrbji~SE3PSnood-GEyuKFB0nR2Zjee0-u4s-xvaZ4zasOLZwnhAXfbjggR7-g__&Key-Pair-Id=K3LHBTUA5A7KEY)
Regulatory Status:
The broker uses fake regulatory information, not holding any licenses from financial regulatory authorities. Its services in forex, commodities, stock indices, precious metals, and energy are not subject to strict regulation. According to its website, the broker claims to be regulated by the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the National Futures Association (NFA) of the US. The US MSB regulatory license number is 31000257135391, and the US NFA regulatory license number is 0559918.
Upon verification, it was found that the broker is not the holder of the US MSB or NFA licenses, instead, it has been misusing the license information of GOLDMANS GLOBAL. Additionally, investigations uncovered that multiple brokerages have been using the same false regulatory information, deceiving investors. Investors should be vigilant and steer clear of these fraudulent platforms to avoid financial loss.
![US MSB regulation inquiry](https://production-app-asset.traderknows.com/images/6c3061d91ec34fac9b7ca72e97db734c.width-800.jpg?Expires=1728299111&Signature=RhpKKTKMJGb5j5YtNxO6lZJ~d8b6pwDpwZ5hpzJKsXOehGTed-sahhr7A4D2nuTiv-cfgzpmqAqrwGXPdyDljrenDUenCLM5VtLDwR8caQ0tinmDeHh7U5zmqZ7vrJLXLyIq-3eeThnDv0s2MYnEWKO8F9Pzhj~AuSzTaqGHo3WZmbjd~36r33oKqSseAjAHTiwzva6qX7K0T07o-iVtBvukjXVb1d~RY1szhZHTGme65jL0LfVpP5Oy9YpesA5Tx6DlkX-cOaHcyiaMcE6txCCJxqyO2ejfm3WkY4LMcuMu6kSLV1LnRpDT3UXQFhT-b0y4ZlFkQEuScZzG3RMY0Q__&Key-Pair-Id=K3LHBTUA5A7KEY)
![US NFA regulation inquiry](https://production-app-asset.traderknows.com/images/af4b8ea25dd14bb9a0594dd6f81430f1.width-800.jpg?Expires=1728299111&Signature=sOTGdvp~vG4Xa0ZTNB92-qdpWQNXp-7NviaE1CCNmUwE0ZYGZfCuCKQ0T4A8nX74jfrGHsAmYXhnE1Gzq-3oqXxl50ZOo2hpyBxM-7xuRp-zy-FT1qq2IXz4LtgBWjmNld4akoP~KXBeuA4d1VjQUnmaVN1aFzTXVd1WBqdQ7d1HG4wDbOfKPRlfRJtAN7c9Vq-VDBpdYkCV5EV5tgzhP~8BtAlOoIbgKR2XWKe6B85TIHL4tl4hxGJjwHryDDyhsNacqaJ3~DYsaWrU4E0zFB0payZPw7yLzNYNYeSMz5BLoUKlKmL~0aYUhgr8MLaGw8GVfcW222TgXH1Q1ERcbw__&Key-Pair-Id=K3LHBTUA5A7KEY)
![Counterfeit platform](https://production-app-asset.traderknows.com/images/c62ff41d4e574f0fa9b7d0ea14f87bd3.width-800.jpg?Expires=1728299111&Signature=txZFWzqbQWqgLUiXNOAWrYXxTkx-prgPqpnhFfgcDyvU67OnSQSWM3Y94eS8HZDa4S3D9~bGoO~QghUXeZFgG50HEC5z99d5W5Eu-xX5AbWY7ehTCQSz-~~16Hj~317PwWP5fCmrnKKPpVY1p2HnQE8mAEJ7c5eIb15A5V-Q47xAIep77rEg5Yo35N035d8yp-C~71WyknDrj6bljMNuNoDwkf-dsStv-sROWUJ3EPVmsc58YU5SI34j-wEwvCDuBy~KttEPu1ZRABMusXgZlNClIpgkCo9c0yFsuLY10NV6WATEtdyK-TXEkHAQ7OVUQARQ8WlP8WLrvKt2Z~m3VA__&Key-Pair-Id=K3LHBTUA5A7KEY)
![Counterfeit platform official website](https://production-app-asset.traderknows.com/images/e7ecc7aa6cc94e629423e888e1b8a59b.width-800.jpg?Expires=1728299111&Signature=USY2WS8V34lMEsO8JBJX7jHUio1VNrZS2oFVrOfenyVSGR7M~G6xgRlM7Z1oUzlETaGQOLpr4XomnFIF9LKfKWJAeMFAoQeVy5l8IpIE8R9xLysH5m-SDLO6LGHx4W00C-T7Fc2H61RmqiKQzuT3UvdK7ryeI0M6e4enjR5zFeIZQSwzGLewcODJolnsJD8NUytICijok474hi18aZ1krunQ8K-8vOOMdj~scurouMwFNskAnJNgq9pq-NuAv6k7TCzekqrzbGYWzMpggnr115eogPf34u-wj4CdQbMMZ5bhghPCJwcjLurxwsJx-WNMm~ogzAL6ZXwtE4Mq3z2Rmg__&Key-Pair-Id=K3LHBTUA5A7KEY)
![Counterfeit platform regulatory information](https://production-app-asset.traderknows.com/images/9c0d4c331f074a6e9b7e12fe000edcf2.width-800.jpg?Expires=1728299111&Signature=wHjb0KApmj2OzCWIOibiXQfOd8DYA9NmARTOxqOMKcBdKl3j3~SF6ErUXzPZTks8-UoHl8f5Xex-IIPZcxN-drUrhT2niL5HXHciYMAW5zq92NcgebGnjOakbRNbdDQ49n-hFfWGaiaQ59~e6VBVEZ0kVNrrqcq0JK91Ilp14l9-jk1vdBJt5ZV3WRL~eFpARUbK8XUIYulvq~n8pNI-BeMVWaOG6fT9Tuf1BCkWJYm4Sgq1UZ99ZShACG--VVMrnA8~8YwHKaSOakl3NtnRQ~s1o5Rfm7l5EMMmbBQfOotS4dv7hUFkdhxGlAWYeP-uo1zLafnq8yExO59tlVPE0w__&Key-Pair-Id=K3LHBTUA5A7KEY)
Trading Products:
The broker mainly provides trading services in forex, commodities, stock indices, precious metals, and energy, but currently, these services are not strictly regulated. In the forex market, clients can choose from over 50 currency pairs, including major, cross, and exotic pairs. Moreover, the broker offers leverage up to 1:1000, but customers need to understand and use high leverage cautiously.
In terms of precious metals, the broker allows trading in gold and silver without re-quotes. High leverage is also available, but it needs to be used with caution.
For energy products, the broker offers a minimum trade margin as low as 5 USD. Clients can participate in trading energy products such as oil, thus increasing market engagement.
![Trading products](https://production-app-asset.traderknows.com/images/a785cb1b85ba4502b14b7823de231787.width-800.jpg?Expires=1728351927&Signature=E4hF6OfBbuZUafusEn9UMP9JUjZpUFOhLLeeEG1ZVLm0lqqdgzGjrWfhkAy-K51VDnZMq2us0NplTDGQsY7h~u7VD-Bel1z2hZr883JGP4o2UbU8cFAJukc0VbC5RqCVAxn2d4KEWbkqQ5bfQm~FX-yLexAhJ6k-4UON~718B0XnI5LUb7KuByS5j2n6AmmurCjoiQLUEeJnj8qMeyHgxSKKt9ioE2xaesnBUafVQKSfu06jOa0m3PNkREwjlQYA9eA7maWdvPZfgOuZv1Z0vw1rf~s8CdWgtagzlgLP12ABhWZz4TazAxXpBfRN4YmOauZ5qT03-AH1a7gRVbthVg__&Key-Pair-Id=K3LHBTUA5A7KEY)
Account Types:
The broker offers various types of trading accounts, including Micro Account, Standard Account,
HFM Ultra Low Account, and Shares Account.
- The Micro Account is suitable for beginners and small investors, providing flexible trading solutions, with a maximum leverage of 1:1000 and a minimum deposit of 5 USD.
- The Standard Account is the standard account type, suitable for most traders, offering a wider range of trading features and services, with maximum leverage of 1:1000 and a minimum deposit of 5 USD.
- The HFM Ultra Low Account is a low spread account type, providing more competitive spreads for traders seeking lower trading costs, with a maximum leverage of 1:1000 and a minimum deposit of 5 USD.
- The Shares Account is designed for stock trading, offering a direct investment opportunity in the stock market, with a minimum deposit of 10,000 USD, and supports Islamic Account as well.
![Account types](https://production-app-asset.traderknows.com/images/fdd47a0f149a41fc93c09301e2ad3a08.width-800.jpg?Expires=1728351927&Signature=IH84Z~MQ6s8sU1n9CiRH6jAtqRWh73vsWxCeK5uLVQydb~MiNOQrz9eZYHEp~~eYNXVXwZmGpOtd9ZVoRxfSuH9yyOef~xzfyu7Zw5rY1LQjYA1NcSmeLBVphIvAlv1hbn9JCFLM1PxQIuVD9eul95ErRcgXm~jGZI9k5zTwLaSUmxci9eF8SvAvC8ltA2~-mwBQS-ewaGSzvkl6WcEEKKmFCnf9PYh0T~XCLVhLQijCO-aYlEuTRecoxFuQkaQrpe8XUkcfkVq3X4MuaH0QltvM6CI6ZJVp5zuqiiMer0Ob0Kou3nyEmisLpeFOyojVM6uRdUVqp85x5FIFV9RcpQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
Spreads and Leverage:
The broker offers various account types, including Micro Account, Standard Account, HFM Ultra Low Account, and Shares Account. In Micro Account and Standard Account, the spreads for major currency pairs start as low as 1 pip, and in HFM Ultra Low Account, the spread can even be as low as 0.6 pips. For Shares Account, the spreads depend on the actual conditions of the respective exchanges.
In terms of leverage, Micro Account, Standard Account, and HFM Ultra Low Account all offer leverage up to 1:1000, while the Shares Account does not offer leverage.
Trading Software:
The broker only provides a proprietary trading platform named ST5 and does not support well-known trading platforms such as MT4 or MT5. Investors should be aware of risks such as system stability, incomplete functionality, security, and technical support when using the broker's proprietary ST5 trading platform. Therefore, during the trading process, investors should remain vigilant, exercise caution, take necessary safety precautions, and closely monitor trading activities to mitigate potential risks.
![Trading platform](https://production-app-asset.traderknows.com/images/dccb00361ee84605bde33a7d33941644.width-800.jpg?Expires=1728351927&Signature=rkoxrlzst6vFIIY74AU3ryYM5cfNepAqswPY376LWDYPuA68wkwJ8yJ2dklrEq14OqiOOmXV71pfnNFWdDcLpWXzJkxotuMFuBjvbGN4UH-zl3Qrqz6-2f~DWVsqD9g7duy0UXGlDxjGgGlVTr5CP4~0AOZ3VMpmlaQYN3AGRiXItyvkdoWQGRxWkO82a5NPbIzsNrVfG5rpzVhqSM3t7YYAFnytlR4S3aNcgsL~Y2Nrp8NcPRNwS7Lc0e6li6ID0Q1lwqOFlu4Nf5jhOfXgQoVU2t8cbWB~BpQGTK4tVON7gStTY~wHIQxCklsjDKSSJURf3~wgXMNLe~A5tYRPrg__&Key-Pair-Id=K3LHBTUA5A7KEY)
Conclusion:
This broker is a fraudulent platform impersonating HFM and falsely advertising using GOLDMANS GLOBAL's regulatory information. The content and design of this broker's website are highly similar to those of other counterfeit platforms, suggesting they were built using the same website template. Investors are advised to stay away from these scam platforms to prevent financial loss.
Currently, this broker is marked as "Suspected Fraud" on TraderKnows.