Broker comparison · Checked 25 Oct 2026
HFM vs FP Markets: licences in Kenya and South Africa
Both hold CMA and FSCA licences; HFM reports M-Pesa funding, FP Markets offers more platforms.
HFM vs FP Markets at a glance
| HFM | FP Markets | |
|---|---|---|
| 🇰🇪 Kenya (CMA) | 155HFM Investments Limited | 193FP Markets Limited |
| 🇿🇦 South Africa (FSCA) | FSP 46632HF Markets SA (Pty) LtdHF Markets Ltd shows "Application withdrawn" on the FSCA list of OTC derivative providers, checked 25 Oct 2026.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. | FSP 50926FP Markets (Pty) Ltd |
| M-Pesa (Kenya) | Yes | Not confirmed |
| Also regulated by | — | — |
| Full review | HFM review → | FP Markets 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 HFM and FP Markets 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 HFM and FP Markets 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 HFM or FP Markets regulated in Kenya?
In Kenya, both HFM and FP Markets hold CMA licences, so the choice comes down to costs, platform and deposit methods. Open your account with the local company shown below.
Is HFM or FP Markets regulated in South Africa?
In South Africa, both HFM and FP Markets 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, HFM or FP Markets?
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.