Broker comparison · Checked 25 Oct 2026
Exness vs HFM: licences in Kenya and South Africa
Two of the most searched brokers in Kenya and South Africa, both with local licences.
Exness vs HFM at a glance
| Exness | HFM | |
|---|---|---|
| 🇰🇪 Kenya (CMA) | 162Exness KE Limited | 155HFM Investments Limited |
| 🇿🇦 South Africa (FSCA) | FSP 51024Exness ZA (Pty) LtdExness ZA is an intermediary. Both Exness (SC) Ltd and Exness Markets ZA (Pty) Ltd are approved OTC derivative providers (ODPs) on the FSCA list of OTC derivative providers, checked 25 Oct 2026. Check which of them issues your CFDs. | FSP 46632HF Markets SA (Pty) LtdHF Markets Ltd shows "Application withdrawn" on the FSCA list of OTC derivative providers, checked 25 Oct 2026. The FSP may act as an intermediary; check which company issues your CFDs. |
| M-Pesa (Kenya) | Yes | Yes |
| Also regulated by | — | — |
| Full review | Exness review → | HFM review → |
Licence data from the CMA register and the FSCA FAIS register. Always confirm on the regulator's own site before you deposit.
Which should you choose?
In Kenya, both Exness and HFM hold CMA licences, so the choice comes down to costs, platform and deposit methods. Open your account with the local company shown below.
In South Africa, both Exness and HFM hold FSCA licences, so the choice comes down to costs, platform and deposit methods. Open your account with the local company shown below.
Buttons appear only where the broker holds a local licence. Some links are affiliate links; see our disclosure. Our real-money tests of fees and withdrawal times will be added to this page.
Questions people ask
Is Exness or HFM regulated in Kenya?
In Kenya, both Exness and HFM hold CMA licences, so the choice comes down to costs, platform and deposit methods. Open your account with the local company shown below.
Is Exness or HFM regulated in South Africa?
In South Africa, both Exness and HFM hold FSCA licences, so the choice comes down to costs, platform and deposit methods. Open your account with the local company shown below.
Which is safer, Exness or HFM?
Safety starts with the licence in your own country: a CMA licence in Kenya or an FSCA licence in South Africa gives you a local regulator to complain to. Neither licence protects you from trading losses; most retail CFD accounts lose money.