HFM — South Africa
Key facts (8)
- Who actually onboards you
- SA clients served under LOCAL FSCA-licensed entity HF Markets SA (Pty)
- Licence number
- 46632
- Established
- 2010
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5 · HFM app
- Local funding
- Fast free deposits/withdrawals via local ZAR ban
- Max leverage
- 2000geo
- EURUSD
- 0.6 pipsgroup
This broker against the South Africa middle (60 of 104)
| HFM | South Africa median | |
|---|---|---|
| Round turn, USD | 6.0 USD | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 2000geo | 500.0geo |
| Withdrawal, h | same business day hgroup | 24.0 h |
| EURUSD, standard | 0.6 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2010 | 2009.5 |
| Platforms | 3 | 3.0 |
Accepts residents of South Africa
Yes
Score (6/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
SA clients served under LOCAL FSCA-licensed entity HF Markets SA (Pty) Ltd.
Entity not established
Cost per round turn, and the South Africa middle (60 of 104)
raw+commission
The numbers across South Africa
Round-turn cost, USD (60 of 104)
Median 7.0 · Range 1.5–20.0 USD
Minimum deposit, USD (36 of 104)
Median 50.0 · Range 0.0–1000.0 USD
What each account gives you
Cent, Zero, Pro, Premium, Islamic; 1000+ CFD instruments; low min.
What the broker publishes about payouts
Reviews
HFM Reviews 2,295
Trading software and asset classes (3)
MT4 · MT5 · HFM app
1000+ CFDs: FX, metals, indices, shares, commodities, crypto.
Trading profits and South Africa tax
SARS taxes residents on worldwide income. Frequent/active forex trading is generally taxed as income at the individual's marginal rate (progressive 18%-45%), not as capital gains. Active traders typically register for provisional tax (IRP6 due end-Aug and end-Feb, plus a third top-up if owing) and file the annual ITR12; trading-related expenses are deductible. Rates/brackets change annually - pres
Where it wins, where it loses
Pros (4)
- Round turn 6.0 USD against a South Africa median of 7.0
- Licensed locally: 46632
- Swap-free account available
- Withdrawal published at same business day h
Cons (2)
- Carries a regulator warning; excluded from beginner and most-established lists
- Minimum deposit for this country not published
The rest of the shortlist in South Africa (6)
Where it does not serve
United States, Canada, Sudan, Syria, Iran, North Korea
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 (3)
Checked: 2026-07-09
- fxscouts.co.za domain
- sashares.co.za domain
- hfm.com/za page
FAQ (5)
Does HFM accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of HFM?
SA clients served under LOCAL FSCA-licensed entity HF Markets SA (Pty) Ltd.
What licence does HFM hold for South Africa?
Licence 46632.
What does one EURUSD lot cost at HFM?
6.0 USD per round turn against a South Africa median of 7.0 USD, measured on 60 of 104 brokers.
How long does a withdrawal from HFM take?
same business day hours as published. most withdrawal requests submitted before 10:00 server time are processed the same business day