HFM — India
Key facts (8)
- Who actually onboards you
- HF Markets (SV) Ltd
- Licence number
- not stated
- Established
- 2010
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5 · HFM app
- Local funding
- No RBI-authorised local rails; cards/wire/e-wall
- Max leverage
- 2000geo
- EURUSD
- not priced
This broker against the India middle (52 of 91)
| HFM | India median | |
|---|---|---|
| Round turn, USD | not priced | 6.0 USD |
| Min deposit, USD | no data | 30.0 USD |
| Max leverage | 2000geo | 500.0geo |
| Withdrawal, h | no data | 48.0 h |
| EURUSD, standard | not priced | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2010 | 2008.0 |
| Platforms | 3 | 3 |
Accepts residents of India
Yes
Score (3/6 axes)
no data
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
HF Markets (SV) Ltd
Entity not established
Indian clients onboarded under offshore HF Markets (SV) Ltd, St Vincent & the Grenadines.
Public rating and its base
Round turn against the local middle (52 of 91)
Getting money out
From the entry account upwards
Cent, Zero, Pro, Premium, Islamic; min from USD 0-5.
Terminals, markets, instrument counts (3)
MT4 · MT5 · HFM app
FX, metals, indices, shares, commodities, crypto CFDs (non-INR).
What works and what to watch
Pros (1)
- Swap-free account available
Cons (5)
- No local licence: the client is onboarded by a foreign entity
- Withdrawal time not published
- Carries a regulator warning; excluded from beginner and most-established lists
- No public review-platform rating, so the review axis is absent
- Minimum deposit for this country not published
Profits, and what India takes
Exchange-traded currency futures & options profit is generally treated as non-speculative business income and taxed at the individual's income-tax slab rates (as of the review). Intraday speculative positions are speculative business income (losses set off only against speculative income, carry-forward 4 years) vs non-speculative losses carry-forward 8 years. A 20% TCS applies on LRS foreign remit
Where it does not serve
no data
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (2)
Checked: 2026-07-09
- hw.online domain
- fxscouts.com/in page
FAQ (3)
Does HFM accept residents of India?
Yes.
Which entity onboards a India client of HFM?
HF Markets (SV) Ltd
What licence does HFM hold for India?
No licence number is published for this country.