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No Regulation
Score
1.56 /10
Danger
HMFS
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
C
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.36
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2025-12-02
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| HMFS Review Summary | |
| Founded | 2008 |
| Registered Country/Region | Pakistan |
| Regulation | No regulation |
| Market Instrument | Equity |
| Demo Account | ❌ |
| Trading Platform | HMFS Insta Trade |
| Minimum Deposit | PKR. 50,000 |
| Customer Support | Tel: +9221-35364665-68 |
| Fax: +9221-35364682 | |
| Email: info@hmfs.com.pk | |
| Social media: Facebook, LinkedIn | |
HMFS Information
HMFS is an unregulated service provider of premier brokerage and financial services in the Pakistan Stock Exchange. It offers products and services on equity brokerage, equity research, and online trading.
Pros and Cons
| Pros | Cons |
| Various contact channels | Limited trading products |
| Low minimum deposit requirement | No demo accounts |
| No MT4/MT5 platform | |
| Lack of regulation |
Is HMFS Legit?
No. HMFS currently has no valid regulations. Please be aware of the risk!
What Can I Trade on HMFS?
| Trading Assets | Supported |
| Equity | ✔ |
| Forex | ❌ |
| Commodity | ❌ |
| Indice | ❌ |
| Stock | ❌ |
| Cryptocurrency | ❌ |
| Bond | ❌ |
| Option | ❌ |
| ETF | ❌ |
Account Type
The broker does not provide any information about its accounts except Roshan digital account.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| HMFS Insta Trade | ✔ | Mobile, desktop | / |
| MT4 | ❌ | / | / |
| MT5 | ❌ | / | / |
Deposit and Withdrawal
The minimum deposit is PKR. 50,000 but no minimum withdrawal amount defined and no fees or charges specified.
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