# HFM — MetaTrader 5 St Vincent & the Grenadines research scope · HF Markets (SV) Ltd. Sources conflict. Reference page: /demo-accounts/hfm-mt5-svg.html Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance. ## Research checked 2026-10-12 ## Testing status Not tested ## Recorded virtual amount 100000 ## Recorded currency Requires Verification ## Virtual funds Up to 100,000 ## Balance qualifications Maximum, not default. USD advertised ($); legal terms also contemplate other base currencies ## Expiry category conflict ## Expiry rule Sources disagree ## Expiry qualifications Legal terms: Demo Premium 60 days; inactive demos deleted after 29 days. Landing page advertises unlimited usage. ## Evidence category Sources conflict ## Signup requirements Register myHF profile, then create demo. ## Notes and remaining checks Amount is maximum opening balance. Resolve marketing/terms discrepancy before claiming unlimited; 60-day rule specifically names Demo Premium. ## Record ID hfm-mt5-svg ## Broker HFM ## Legal entity HF Markets (SV) Ltd ## Research region codes - SVG ## Research region code SVG ## Research region St Vincent & the Grenadines ## Research scope St. Vincent and the Grenadines ## Platform code mt5 ## Platform MetaTrader 5 ## Documented terms Simulation; exact execution differences not stated. ## Balance reset or adjustment Increase up to 3/day (min USD 10); decrease 2/day (min USD 5); max balance USD 10m equivalent. ## Live account or deposit Demo available before live account; free demo advertised. ## Devices Terminal; browser WebTrader ## Forex coverage Forex supported; demo pair count not stated ## Eligibility and regional limits The international footer lists exclusions including the USA, Canada, Sudan, Syria, Iran, North Korea, UAE and Türkiye; other exclusions apply. Earlier research also recorded UK/EU targeting restrictions, which were not re-established in the latest extraction. Residence-specific acceptance Requires Verification; check the current official restrictions. ## What the evidence establishes Official broker documentation; signup and trading not tested. ## Supporting sources - [HFM international demo account]() — source ID: hfm-1 - [HF Markets (SV) Ltd Client Agreement July 2026]() — source ID: hfm-2 ## Official information source [HFM international demo account]() ## Entity and regulatory research ### Evidence status No SVG FSA Forex licence ### Legal entity HF Markets (SV) Ltd ### Regulator St. Vincent and the Grenadines Financial Services Authority ### Finding SVG FSA states it does not issue Forex trading/brokerage licences or regulate/license BCs and LLCs for that activity. Thus the selected SVG entity has no SVG FSA Forex authorization; incorporation is distinct. ### Scope Local SVG authorization only. Not a claim about other HFM entities, overseas licences, or illegality. Corporate registration/standing for 22747 IBC 2015 was not independently confirmed. The cited warning targets another company; only its general regulatory policy is used. ### Supporting sources - [SVG FSA — February 2026 notice stating general Forex licensing policy]() — source ID: hfm-reg-1 - [SVG FSA: general Forex licensing policy in warning notice]() — source ID: launch-svg-policy - [HFM international demo: entity and country exclusions]() — source ID: launch-hfm-demo ## Official entry route ### Route type demo-page ### Notes and remaining checks Broker demo page; select your platform to continue. ### Evidence status Official entry route ### URL https://www.hfm.com/int/en/trading-accounts/demo-account ### Route source https://www.hfm.com/int/en/trading-accounts/demo-account ### Research checked 2026-10-13 ### Testing status Not tested ## Execution and demo realism ### Scope HF Markets (SV) Ltd · SVG · MetaTrader 4, MetaTrader 5. Public documentation; no account or execution tests. ### Testing status Not tested ### Contractual role #### Finding Principal #### Evidence status Documented #### Notes and remaining checks SVG agreement4.1 states the company always acts as principal. #### Supporting sources - [HF Markets SV Client Agreement,July2026]() — source ID: ex-b-hfm-terms #### Research checked 2026-10-13 ### Execution arrangement #### Finding Sole venue with possible LP transmission #### Evidence status Broker-reported #### Notes and remaining checks Agreement6.1 makes HFM sole venue and exclusive counterparty even if it transmits orders to third-party liquidity providers. #### Supporting sources - [HF Markets SV Client Agreement,July2026]() — source ID: ex-b-hfm-terms #### Research checked 2026-10-13 ### Demo realism #### Finding Requires Verification #### Evidence status Requires Verification #### Notes and remaining checks Demo page promotes close simulation and MT4/MT5 access but does not establish specific slippage, liquidity, rejection or charge differences. #### Supporting sources - [HFM international demo account]() — source ID: ex-b-hfm-demo #### Research checked 2026-10-13 ### Research review #### Research checked 2026-10-13 #### Review outcome Reviewed official documentation: role Principal; arrangement Sole venue with possible LP transmission; demo Requires Verification. No accounts opened or tested. #### Remaining checks - Obtain specific simulation omissions for the SVG MT4 and MT5 demos. ## Demo markets ### Scope HF Markets (SV) Ltd · St Vincent & the Grenadines · MetaTrader 5. Market coverage not yet reviewed. ### Testing status Not tested ### Forex CFDs #### Evidence status Requires Verification #### Notes and remaining checks Forex CFD demo access has not been established for this entity and platform. #### Supporting sources No supporting source recorded for this field. #### Research checked Requires Verification ### Cryptocurrency CFDs #### Evidence status Requires Verification #### Notes and remaining checks Cryptocurrency CFD demo access has not been established for this entity and platform. #### Supporting sources No supporting source recorded for this field. #### Research checked Requires Verification ## API access ### Evidence status Requires Verification ### Type Requires Verification ### Access route Not established for this offering ### Notes and remaining checks API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable. ### Requirements Confirm the account, platform and regional requirements with the broker. ### Supporting sources No supporting source recorded for this field. ### Official documentation No supporting source recorded for this field. ### Research checked Requires Verification ### Testing status Not tested ## Launch qualification ### Qualification No SVG FSA Forex licence for this entity. Incorporation is not a Forex licence; residence-specific authorisation Requires Verification. The international page lists excluded countries, including the USA and Canada. Check the full country restrictions before signup. ### Supporting sources - [SVG FSA — February 2026 notice stating general Forex licensing policy]() — source ID: hfm-reg-1 - [SVG FSA: general Forex licensing policy in warning notice]() — source ID: launch-svg-policy - [HFM international demo: entity and country exclusions]() — source ID: launch-hfm-demo ### Research checked 2026-10-15 ## Launch qualifications reviewed 2026-10-15 ## Official sources ### HFM international demo account Source ID: ex-b-hfm-demo https://www.hfm.com/int/en/trading-accounts/demo-account #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Introductory simulation statement; MT4/MT5 list #### Source access note Opened official page or PDF; documentation review only ### HF Markets SV Client Agreement,July2026 Source ID: ex-b-hfm-terms https://www.hfm.com/load_terms?file=HFSV/2026-07_HFSV_Client_Agreement__2026_07.docx.pdf #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Clauses4.1 and6.1, PDF pp10-11 #### Source access note Opened official page or PDF; documentation review only ### HFM international demo account Source ID: hfm-1 https://www.hfm.com/int/en/trading-accounts/demo-account #### claims MT4/MT5 terminal/WebTrader, up to $100k, myHF signup, unlimited marketing, international restrictions and SV incorporation. #### checked date 2026-10-12 #### verification Official documentation opened; no account test ### HF Markets (SV) Ltd Client Agreement July 2026 Source ID: hfm-2 https://www.hfm.com/load_terms?file=HFSV/2026-07_HFSV_Client_Agreement__2026_07.docx.pdf #### claims Current linked agreement, clauses 28.1–28.6 pages 36–37: demo before live, balance adjustments, Demo Premium 60 days, inactivity deletion 29 days. #### checked date 2026-10-12 #### verification Official documentation opened; no account test ### SVG FSA — February 2026 notice stating general Forex licensing policy Source ID: hfm-reg-1 https://fsasvg.com/warning-notice-horizoncfds/ #### Evidence category General-policy paragraph says FSA does not issue Forex/brokerage licences and BCs/LLCs must obtain appropriate authorization where clients are located. HFM is not the warning's subject. #### source date Published 2026-02-02; checked 2026-10-12. #### Source access note Official current site retrieved. General policy applied narrowly; no HFM-specific adverse finding inferred. ### HFM international demo: entity and country exclusions Source ID: launch-hfm-demo https://www.hfm.com/int/en/trading-accounts/demo-account #### claims HF Markets (SV) Ltd; residence exclusions in footer. #### Research checked 2026-10-15 #### Source owner Broker ### SVG FSA: general Forex licensing policy in warning notice Source ID: launch-svg-policy https://fsasvg.com/warning-notice-horizoncfds/ #### claims General policy only: SVG FSA does not issue Forex brokerage licences. Warning target is not HFM or Axi. #### Research checked 2026-10-15 #### Source owner Regulator