Empire FX Trade vs HFM: licences compared

Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.

AttributeEmpire FX TradeHFM
Licence Score27Weak70Strong
Strongest licence 3 Tier 3 1 Tier 1
Licences on record17
1 FCA United Kingdom —Licensed
2 CySEC Cyprus —Licensed · Licence 183/12
2 FSCA South Africa —Licensed · FSP 46632
2 DFSA United Arab Emirates —Licensed
3 FSC (MU) Mauritius —Licensed
3 CMA (Kenya) Kenya LicensedLicensed
4 FSA (Seychelles) Seychelles —Licensed
Founded20192010
HeadquartersKenyaCyprus
TypeForex & CFD brokerForex & CFD broker
Publicly listedNoNo
PlatformsMT4, MT5MT4, MT5, Proprietary
Minimum deposit—No minimum
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Frequently asked questions

Is Empire FX Trade or HFM better regulated?

HFM has the higher Licence Score (70 vs 27), based on the number and tier of licences, operating history and public listing.

Which regulators license both Empire FX Trade and HFM?

Both are matched to licences from CMA (Kenya).

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.