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Chenab Review
63 brokers measured37 pricedmedian 7.0 USDformula v1.0Data captured 25.10.2026Some links are partner links. They never change a score or a position.
Score recalculated 25.10.2026

Recalculated 2026-10-25 · Established 2010 · HF Markets (SV) Ltd

HFM — Pakistan

HFM is rated 4.00 out of 5 by our formula (Rank #2 of 36) for traders in Pakistan: round turn 6 USD, residents accepted — Through an offshore entity.

Suits you if the round turn is 6 USD against a 7 USD median here · you can open with 5 USD · a swap-free account is available

Look elsewhere if it holds no licence issued in Pakistan · you are onboarded by an offshore entity, not a local one

Key facts (8)

Who actually onboards you
HF Markets (SV) Ltd
Licence number
not stated
Established
2010group
Min deposit, USD
5 USD
Platforms
MT4 · MT5 · HFM app
Local funding
Reported JazzCash, Easypaisa and local bank tran
Max leverage
2000geo
EURUSD
0.6 pipsgroup

Accounts (5)

5 of 5 shown

Click a column heading to sort. Figures are list terms, no promo codes.

Broker · accountMin deposit, USDSpreadCommissionCost per lotSwap-free
HFMCentno datano datano datano data—
HFMZerono datano datano datano data—
HFMProno datano datano datano data—
HFMPremiumno datano datano datano data—
HFMIslamicno datano datano datano dataSwap-free

This broker against the Pakistan middle (37 of 63)

HFMPakistan median
Round turn, USD6.0 USD7.0 USD
Min deposit, USD5 USD7.5 USD
Max leverage2000geo750.0geo
Withdrawal, hsame business day for requests before 10:00 server time hgroup24.0 h
EURUSD, standard0.6 pipsgroup0.95 pips
EURUSD, raw0 pipsgroup0.0 pips
Established2010group2006.5
Platforms33

Accepts residents of Pakistan

Through an offshore entity

Score (6/6 axes)

4.0 of 5
reviews9025%
cost9520%
safety020%
payouts8015%
track_record8010%
platforms5010%

Ranked against brokers measured on every axis

Licence check

Licence number
not stated
Checked
2026-07-09

Source

Who actually onboards you

HF Markets (SV) Ltd

Offshore entity

Pakistani clients onboarded under offshore HF Markets (SV) Ltd (SVG).

What users rate it, and how many

Reviews
4.8/5 from 19,000+ reviewsgroup

Excellent

Round-turn cost next to the Pakistan median (37 of 63)

Round turn, USD
6.0 USD
Median
7.0 USD

raw+commission

Taking money off the account

Withdrawal, h
same business day for requests before 10:00 server time hgroup

What the account tiers cost

Cent, Zero, Pro, Premium, Islamic; min from USD 0-5.

Terminals and instruments (3)

MT4 · MT5 · HFM app

FX, metals, indices, shares, commodities, crypto CFDs.

Pros and cons

Pros (3)

  • Round turn 6.0 USD against a Pakistan median of 7.0
  • Swap-free account available
  • Withdrawal published at same business day for requests before 10:00 server time h

Cons (2)

  • No local licence: the client is onboarded by a foreign entity
  • Carries a regulator warning; excluded from beginner and most-established lists

Tax on trading gains in Pakistan

Forex/derivatives trading profit for residents is generally taxed as income; where treated as capital gains on movable assets (other than exchange-traded securities) it is taxable at the individual's normal slab rates (as of the review), while listed-securities gains and foreign shares/funds carry specific rates (foreign shares/mutual funds ~15% flat per PwC). Residents taxed on worldwide income;

Where it does not serve

USA, Canada, Sudan, Syria, Iran, North Korea, UAE

Methodology

2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%

Methodology

Verified · what changed · sources (3)

Checked: 2026-07-09

FAQ (5)

Does HFM accept residents of Pakistan?

Through an offshore entity.

Which entity onboards a Pakistan client of HFM?

HF Markets (SV) Ltd

What licence does HFM hold for Pakistan?

No licence number is published for this country.

What does one EURUSD lot cost at HFM?

6.0 USD per round turn against a Pakistan median of 7.0 USD, measured on 37 of 63 brokers.

How long does a withdrawal from HFM take?

same business day for requests before 10:00 server time hours as published. most withdrawal requests submitted before 10:00 server time are processed the same business day