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العربية

FBS vs HFM for residents of Saudi Arabia

This is a filter, not a ranking or a recommendation: lists are ordered by regulatory profile, then alphabetically. We have not verified that any broker shown accepts residents of Saudi Arabia.

Saudi Arabia’s financial authorities are the Capital Market Authority (CMA) and the Saudi Central Bank (SAMA). Check the company that signs your agreement against their lists of licensed entities, and ask your bank and the broker which funding routes work for Saudi residents, because SAMA also sets rules on how banks handle transfers to foreign financial firms.

Side by side

FBS
HFM
Type
FBSCFD / forex broker
HFMCFD / forex broker
Regulation
FBSASIC (FBS Oceania), CySEC (Tradestone), Belize FSC 4077102 (FBS Markets Inc.)
HFMCySEC 183/12, FCA 801701, DFSA F004885, FSCA 46632, Seychelles SD015, Kenya CMA
Protection profile
FBSMixed
HFMMixed
Compensation scheme
FBSNone for Belize entity
HFMEU/UK per local schemes; Seychelles: none
Minimum deposit
FBSDepends on entity and account (Standard from about $100)
HFMNot stated (low)
Islamic / swap-free
FBSIslamic account listed as available
HFMSwap-free accounts available
Inactivity fee
FBSNone reported
HFMNot stated
Platforms
FBSMT4, MT5, own app
HFMMT4, MT5, WebTrader, HFM app, HFcopy

Highlighted rows differ between the two brokers.

Differences that matter

  • Inactivity fee: FBS lists none, while HFM lists one or sources differ.
  • Platforms: HFM adds copy trading.

What to check on each

  • FBS: Gulf clients are served by the Belize company.
  • HFM: Complaints centre on bonuses and rejected profits.

Before you choose

Ask the broker which company would hold your account, whether it has any contract with a licensed Saudi bank or exchanger, and which funding routes it supports for Saudi residents. Get the answers in writing before you transfer money. We have not checked whether either one accepts residents of Saudi Arabia.

All lists and comparisons for Saudi Arabia

CFDs and leveraged products carry a high risk of losing your money quickly. This page is information, not legal, financial or religious advice, and it is based on published sources up to October 2026. Rules and warning lists change: check the regulator’s own site before you deposit.

Sources: regulator websites for Saudi Arabia; our broker catalog, compiled from published reviews and regulator registers (October 2026).