Score

1.58 /10
Danger

HMFS

Pakistan

5-10 years

Questionable Regulatory License

Suspicious Operational Region

High Potential Risk

D

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Comparison

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.50

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

Broker Information

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Company Name

Habib Metropolitan Financial Services Ltd

Company Abbreviation

HMFS

Platform registered country and region

Pakistan

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2026-06-26
  • This broker lacks valid forex regulation. Please be aware of the risk!
  • Current data indicates that this broker does not have trading software. Please be aware of the risk.

WikiFX Verification

HMFS · Company summary
HMFS Review Summary
Founded2008
Registered Country/RegionPakistan
RegulationNo regulation
Market InstrumentEquity
Demo Account
Trading PlatformHMFS Insta Trade
Minimum DepositPKR. 50,000
Customer SupportTel: +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.

HMFS' homepage

Pros and Cons

Pros Cons
Various contact channelsLimited trading products
Low minimum deposit requirementNo 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!

No license
Domain information

What Can I Trade on HMFS?

Trading AssetsSupported
Equity
Forex
Commodity
Indice
Stock
Cryptocurrency
Bond
Option
ETF
HMFS services

Account Type

The broker does not provide any information about its accounts except Roshan digital account.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
HMFS Insta TradeMobile, desktop/
MT4//
MT5//
Trading Platform

Deposit and Withdrawal

The minimum deposit is PKR. 50,000 but no minimum withdrawal amount defined and no fees or charges specified.

News

ExposureHMFS Review 2026: Should You Trade with This Broker?

This HMFS review examines the HMFS broker's regulatory status, operational profile, available trading instruments, and overall standing as documented on WikiFX. HMFS, operating under the full company name Habib Metropolitan Financial Services Limited, is a Pakistan based broker focused on equity brokerage services with a profile that raises several concerns for prospective clients.

WikiFX
2026-06-24 15:19
HMFS Review 2026: Should You Trade with This Broker?

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