HFM licence record
Is HFM regulated by the CMA (Kenya)?
Yes, according to our records. HFM is matched to a licence from the Capital Markets Authority of Kenya (Kenya). Confirm it on the register before relying on it.
Search the CMA (Kenya) register CMA (Kenya) warnings All HFM licences
What the CMA (Kenya) licence means
Based on our licence database, HFM holds a licence from the Capital Markets Authority of Kenya (CMA (Kenya)), the financial regulator for Kenya. We classify the CMA (Kenya) as tier 3 — moderate regulation. Established offshore or emerging-market regulators with capital and reporting requirements but limited retail protection.
For HFM clients whose account is held by its CMA (Kenya)-regulated entity, the key protections are: compensation — No dedicated compensation scheme for online forex clients confirmed; retail leverage — Maximum 400:1; negative balance protection — not confirmed in our records (check the client agreement); client money — Client funds held in segregated accounts. Disputes can be taken to CMA complaints.
HFM is also matched to licences from FCA, CySEC, DFSA, FSCA, FSC (MU) and FSA (Seychelles). FCA, CySEC, DFSA and FSCA are rated higher than the CMA (Kenya) in our methodology, so if you are eligible for those entities you may get stronger protection.
Protection at a glance
- Regulator tier
- Tier 3 — Moderate regulation
- Compensation scheme
- No dedicated compensation scheme for online forex clients confirmed
- Retail leverage
- Maximum 400:1
- Negative balance protection
- Not confirmed — check with the broker
- Client money
- Client funds held in segregated accounts
- Complaints
- CMA complaints
How to verify this licence
- Open HFM's client agreement or website footer and note the exact company name and CMA (Kenya) licence number.
- Search that name or number on the official CMA (Kenya) register. Check the status is current, not cancelled or suspended.
- Confirm the website domain you're using (hfm.com) is the one listed on the register — clone firms copy genuine licence numbers.
- Search the CMA (Kenya) warnings page and IOSCO I-SCAN for the brand name.
HFM's other licences
Frequently asked questions
Is HFM regulated by the CMA (Kenya)?
Our database records HFM as holding a licence from the Capital Markets Authority of Kenya. Confirm the current status on the CMA (Kenya) register: https://www.cma.or.ke/licensees-market-players/
Does the CMA (Kenya) licence protect all HFM clients?
No. It protects clients whose account is with the specific HFM company licensed by the CMA (Kenya). Clients onboarded to a different group entity are covered by that entity's regulator instead.
Is there a compensation scheme for HFM clients under the CMA (Kenya)?
No dedicated compensation scheme for online forex clients confirmed
What leverage can HFM offer under the CMA (Kenya)?
Maximum 400:1