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HFM in Kenya — review, licence and costs
Cost calculator (median of 36 priced of 55)
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%80
- Round-turn cost20%95
- Safety20%90
- Payouts15%no data
- Track record10%no data
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- HFM Investments Ltd
- Founded
- 2010
- Retail leverage
- 2000 group
- Round turn
- 6 USDKE
- Currencies
- USD; KES funding via M-Pesa.
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with HFMThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- HFM Investments Ltd
- Local standing
- Locally regulated (positive): fund segregation, negative balance protection, CMA audits/AML oversight.
- Licence as the register states it
- GENUINE local CMA Kenya licence No. 155 (non-dealing online forex broker).
- Leverage for this entity
- Up to 1:2000 (offshore-linked accounts); CMA account subject to local terms.
- The firm behind it
- Ex-HotForex, founded 2010; Nairobi office; 3.5M+ clients globally.
- What we hold against it
- POSITIVE: one of few genuinely CMA-licensed brokers in Kenya. FCA clone-firm warning applies to brand generally.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Kenyan residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youLocally regulated (positive): fund segregation, negative balance protection, CMA audits/AML oversight.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Kenya market median(priced from 36 of 55)
Medians run over the 36 of 55 brokers that publish a price for Kenya, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Cent, Zero, Pro, Premium, Islamic, low entry. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| M-Pesa instant deposits | 24 | 0 | 50 |
| Local bank transfer | 24 | 0 | 50 |
Taxes for a Kenyan resident(1 rule)
- Forex/CFD profit treated as ordinary income for most retail traders (not capital gains), added to taxable income, taxed on graduated bands roughly 10% up to a top marginal rate of 35% (as of the review;https://forexbroker.co.ke
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (2 methods · 1 local)
M-Pesa (mobile money/iPay) instant deposits, min ~KES 700;
- M-Pesa instant depositslocal
- Local bank transfer
- Account currency
- USD; KES funding via M-Pesa.
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(12 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- MT4
- MT5
- HFM app
Identical for every row: Min spread 1 · Leverage 2000 KE.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.6 | 5, 2,962 |
Share of reviewers in Kenya: — The platform does not publish it.
Pros and cons(7 for and 3 against, each tied to a figure on this page)
- Round turn 6 USD on the raw + commission basis, under the Kenya median 7
- Locally authorised, licence 155, read on 09.07.2026
- Min deposit 0 USD, under the Kenya median 25
- Withdrawal in 24 h, one of 46 of 55 brokers here that publish a time
- Swap-free account available
- Round-turn cost 95 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, HFM app
- A regulator warning is on file against this broker
- The published 1:2000 comes from the group's offshore entity, not from the Kenya one
- Platforms 50 of 100, its weakest of 6 scored axes
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 7KE
- Min deposit, USD
- 10KE
- Leverage
- 400KE
- Rank in this country
- #4
- Round turn, USD
- 7KE
- Min deposit, USD
- 5KE
- Leverage
- 400KE
- Rank in this country
- #6
- Round turn, USD
- 7KE
- Min deposit, USD
- 20 groupKE
- Leverage
- 200KE
- Rank in this country
- #3
- Round turn, USD
- 8KE
- Min deposit, USD
- 100 groupKE
- Leverage
- 500 group
- Rank in this country
- #1
- Round turn, USD
- 7KE
- Min deposit, USD
- 100KE
- Leverage
- 1000 group
- Rank in this country
- #5
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 500 group
- Rank in this country
- #10
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Kenya score. Full methodology
| Axis | Weight | What is measured | HFM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 80 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 95 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 90 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 80 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
Where HFM sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 6 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 0 USD · 28 of 55 brokers do not publish it
Retail leverage (29 of 55 with a Kenya figure)
Median 1:500 · range 30-5000 · this broker 1:2000 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does HFM accept residents of Kenya?
- Yes. Locally regulated (positive): fund segregation, negative balance protection, CMA audits/AML oversight. Onboarding entity: HFM Investments Ltd
- Is HFM licensed to serve clients in Kenya?
- GENUINE local CMA Kenya licence No. 155 (non-dealing online forex broker). Checked on 09.07.2026.
- How much does one round turn cost at HFM?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for Kenya is 7.0 USD.
- What leverage does HFM offer to retail clients in Kenya?
- Up to 1:2000. Up to 1:2000 (offshore-linked accounts); CMA account subject to local terms.
- Which trading platforms does HFM support?
- MT4, MT5, HFM app. Instruments: FX, metals, indices, shares, commodities, crypto CFDs.
- How can I withdraw money from HFM in Kenya?
- M-Pesa (mobile money/iPay) instant deposits, min ~KES 700; local bank transfer; no HFM fees.
- What account types does HFM offer?
- Cent, Zero, Pro, Premium, Islamic; low entry.
- Does HFM offer a swap-free (Islamic) account?
- Yes. HFM offers a swap-free (Islamic) account to Kenya residents.