HFX Review — Overview
HFX is a forex & CFD broker based in Indonesia, established in 2006. On Trust Broker Hub it holds a Trust Score of 5.2 out of 10, which we rate as Fair — below the 5.3/10 average for brokers that hold a verified licence. Mixed profile — check regulation and conditions before depositing.
HFX's licence comes from an offshore jurisdiction (BY). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
HFX provides access to forex and CFDs. Its detailed trading conditions — minimum deposit, spreads and maximum leverage — are not publicly disclosed, which lowers transparency. No complaints are currently on record. Overall, HFX has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?Trust Score history
HFX currently scores 5.2/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a BY licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Trading conditions and fees not publicly disclosed
- Always verify the licence directly before depositing
Regulation
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Not disclosed |
| Minimum deposit | Not disclosed |
| Maximum leverage | Not disclosed |
| Typical spread | Commission |
| Platforms | HFX MT4, HFX Android, HFX iPhone Trader, HFX iPad Trader, HFX WebTerminal |
| Demo account | ✅($100,000 in virtual funds) |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on HFX
A mixed risk profile
HFX is regulated in an offshore jurisdiction (BY), which offers lighter oversight than tier-1 regimes. Based in Indonesia, it has been operating for about 20 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 5.2/10 — a mixed profile.
- Long 20-year operating track record
- No complaints on record with us
- Supports HFX MT4 & HFX Android trading
- Regulated only in an offshore jurisdiction — weaker investor protection
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
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