1,062 broker-country pairs measured448 brokers20 countriesformula v1.0recalculated 2026-09-29data re-captured 2026-09-29updated 1 day agoAffiliate links never change scores.

HFM in SA — review, licence and costs

NQNoura Al-Qahtani author DMDaniel Mercer editor FHFaisal Al-Harbi fact-checker score recalculated 01.10.2026

through an offshore entityAccepts residents of Saudi ArabiaOpened by HFM (Saudi Arabia) Co., CMA licence no data, register checked 2026-09-29

Score (28 of 40 of 40 axes)

3.6/ 5.0

ranked against full-basis brokers

Reviews25%reviews 80
Reviews20%cost 95
Reviews20%safety 0
Reviews15%payouts 0
Reviews10%track_record 80
Reviews10%platforms 65

2 + 3 × 0.751 = 4.25 · axes on 0–100, total on 2.0–5.0

Key facts (28 of 40 fields)

Onboarding entity: Hf Markets (DIFC) Limited
Founded: 2010
Min deposit: no data USDSA
Retail leverage: 2000SA
Round turn: 6 USDSA
Withdrawal: 2 to 10 business days hSA
Currencies: SAR, USD, EUR
Swap-free account: yes

Licence check (28 of 40 of 40 entity)

CMA · Dealing in securities

no data

Active on registerchecked 2026-09-29no data

Open an account with Halden

Affiliate link; the score does not change. CFDs carry a high risk of rapid loss due to leverage.

Who actually onboards you(28 of 40 local and 1 offshore entity in the group)

Sign-up from a Saudi Arabia addressRouted to Saudi Arabia Co. by residence, not by IP.
KYC by Saudi Arabia Co.national ID or Iqama and proof of address.
Contract with the Co.CMA rules apply; complaints go to CMA.
Client moneySegregated with a Saudi Arabia bank; bank name no data

Local entityUsed for Saudi residents

HFM (Saudi Arabia) Co., CMA 37-12175
Retail leverage 1:50SA
Negative balance protection: yes

Offshore entityNot used for Saudi residents

Halden Global Ltd, FSA Seychelles
Leverage 1:1000group
No CMA complaints route

If the sign-up form ever lands you on the Seychelles entity, the CMA licence above does not cover your account.

Client protection (28 of 40 of 40 stated)

Local entity onboards youOffshore regulated accessclient agreement §4.2 · page
Segregated client fundsno dataclient agreement §4.2 · page
Negative balance protectionno dataclient agreement §4.2 · page
Investor compensation schemeno dataclient agreement §4.2 · page
Regulator warning on filenone foundclient agreement §4.2 · page

“no data” 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 Saudi Arabia market median(priced from 28 of 40 of 40)

Round turn, 1 lot EURUSD, spread plus commission, USD

Halden Raw6.20

Saudi Arabia median, raw and swap-free9.20

Halden Standard11.40

Saudi Arabia median, standard (28 of 40 priced)13.90

Instrument	Halden Raw, USD	Halden Std, USD	Saudi Arabia median raw	Saudi Arabia median std	Priced

Medians run over the brokers that publish a Saudi Arabia price, never over all 44. Group-wide prices are excluded.

Accounts(28 of 40 types)

Account	Min deposit, USD	EURUSD spread, pips	Commission, USD	Leverage	Swap	Currencies

Swap-free account terms (28 of 40 terms · 5 stated)

Term	Halden, Saudi Arabia

Terms read from the account page on 01.10.2026. The cap on open positions is not published.

Where Halden sits in the Saudi Arabia base(28 of 40 brokers)

Round-turn cost, USD (28 of 40 of 40 priced)

2<6.5

26.5–7.5

27.5–8.5

38.5–9.5

39.5–10.5

110.5–11.5

4≥11.5

Highlighted: Halden Raw at 6.20

Minimum deposit, USD (28 of 40 of 40 priced)

9<25

925–99

10100

3101–299

4≥300

Highlighted: Halden at 100 · Saudi Arabia median 50

Retail leverage (28 of 40 of 40 with a Saudi Arabia figure)

11≤1:30

71:50

51:51–200

61:201–400

10>1:400

1 group-only figure excluded · 4 no data

Withdrawal time published (28 of 40 brokers)

Published, hours6No data38Halden is one of the 6

Offshore storefront vs local (28 of 40 fields)

Field

Group site

Saudi resident

Entity

Halden Global Ltd

HFM (Saudi Arabia) Co.

Regulator

FSA Seychelles

CMA

Retail leverage

1:1000group

1:50SA

Min deposit, USD

10group

100SA

Currencies

USD, EUR

USD, SAR

Negative balance cover

no data

Yes

Complaints

FSA

CMA

Payouts(28 of 40 of 40 methods timed)

Method	Deposit, h	Withdrawal, h	Fee, USD	Min, USD

Deposit and withdrawal methods (28 of 40 methods · 2 local)

SAR local bank transferlocal
Deposit
instant
Withdrawal
deposit only
Fee
no data

Account currency: SAR, USD, EUR
Fastest withdrawal: 2 to 10 business days h SA
Fee declared: 4 of 6 methods
Withdrawal back to: the funding method

Where it does not serve(28 of 40 countries)

Afghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, YemenAfghanistan, Algeria, Belgium, Bosnia and Herzegovina, Burma, Canada, Cuba, Cyprus, Democratic People's Republic of Korea, Eritrea, Guinea, Haiti, Iran, Iraq, Kosovo, Liberia, Libya, Mauritius, Myanmar, North Korea, Northern Marianna Islands, Palestine Occupied Territory, Puerto Rico, Saint Vincent and the Grenadines, Sierra Leone, Somalia, Sudan, Syria, Turkish Republic of Northern Cyprus, USA, Vanuatu, Yemen

From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.

Platforms and markets(28 of 40 of 40 platforms confirmed · 6 asset classes)

MT5: MT4, MT5, HFM App
cTrader: MT4, MT5, HFM App
Web terminal: MT4, MT5, HFM App
Mobile app: MT4, MT5, HFM App
Copy trading: MT4, MT5, HFM App
TradingView: MT4, MT5, HFM App

Class	Count	Min spread	Leverage

Reviews(28 of 40 platform · 25% of the score)

4.2/ 5

Trustpilot rating

1,384

reviews

28.09

snapshot, 2026

5 star64%

4 star14%

3 star6%

2 star4%

1 star12%

Snapshot	Rating	Reviews

Share of reviewers in Saudi Arabia: no data The platform does not publish it.

Topics in 1-star reviews (28 of 40 reviews, snapshot 28.09.2026)

Withdrawal delays41 · 25%

Verification (KYC)33 · 20%

Slippage22 · 13%

Support response19 · 11%

Other51 · 31%

Pros and cons(28 of 40 + 5, each tied to a figure above)

For

Raw round turn 6.20 USD vs Saudi Arabia median 9.20
CMA licence 37-12175, active on 01.10.2026
SAR account; bank withdrawal 24 h, fee 0
Swap-free with no admin fee; ranked #1 of 30
One of 6 of 44 brokers that publish a withdrawal time

Against

Payouts axis 58 of 100, the lowest of six
Min deposit 100 USD vs 10 at Tidemark
E-wallet withdrawal time and fee not published
Group site advertises 1:1000, unavailable to Saudi residents
Gold round turn 9.80 USD; 3 brokers price it lower

Alternatives in Saudi Arabia(28 of 40 of 40)

Methodology(28 of 40 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 Saudi Arabia score. Full methodology

Axis	Weight	What is measured	Halden

FAQ(28 of 40 questions)

Cost calculator (28 of 40 accounts · median of 40 priced)

EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a SAR conversion because the exchange rate is not part of our data.

Verified · What changed · Sources(28 of 40 sources · 4 changes)

Verified01.10.2026

next review 01.01.2027

What changed

Sources · precision