HFM(formerly HotForex) offers swap-free tradingfor 27 major FX pairs, including USD/JPY and EUR/USD, as well as gold, with no swap fees for the first 45 days from entry(HFM's official instrument details page, as of October 13, 2026). This applies to five account types: KATANA, Premium Pro, and Zero Cent. Top-up bonus accounts are excluded. No application is required; it is automatically applied upon opening an account.

listedHFMas of October 13, 2026,there were no, they were 0.0. Of the 53 FX currency pairs, 32 had "0.0 on one side and negative on the other," and 21 had "negative on both sides." Trading to buy high-interest currencies and receive swapsHFM, and once the 45-day swap-free period ended, swaps would be incurred on the paying side.

This article summarizesHFM, based on the publicly available information onthe swap-free eligible securities, the number of days per account, swap accrual times and triple days, calculation methods, and a list of swaps for major securitiesas of October 13, 2026

*This article was created by the MoneyCharger editorial team in accordance with their content creation policy , based onHFMofficial website (rollover policy, trading product page, instrument details page, swap-free trading, trading account comparison) and official blog (swap, swap-free, KATANA account) as of October 13, 2026. The swap values ​​were compiled by our editorial team by extracting all data from the tables for each of the nine account types on the trading product page. Swaps change daily (monthly for stocks and ETFs), so please check the latest values ​​on the official website and MT4/MT5 before trading. For precautions regarding the use of overseas FX brokers, please also refer to the information published by information published on the Financial Services Agency , and for investment-related solicitation troubles, please refer to the information published by the Consumer Affairs Agency

What are HFMswap points?

Swap points are interest rate adjustments incurred when a position is held overnight.HFM's rollover policy defines swaps (rollovers) as "interest paid or incurred as a result of maintaining an open position on a derivative until the next day."

In typical FX trading, you receive a swap when you buy a currency with a high interest rate and sell a currency with a low interest rate, and you pay a swap when you do the opposite. However,HFM, as explained below, there are no instruments with positive swap rates (as of October 13, 2026), and even if there are instruments where you can receive a swap, it is 0.0. Therefore, in swaps should be considered a "holding cost" rather than something you "receive ." Swap-free trading is a mechanism that eliminates this cost for a certain period of time

Characteristics of HFMswap points

The points are awarded at 0:00 server time (6:00 AM Japan time in summer and 7:00 AM Japan time in winter)

According to the rollover policy, the trading day cutoff forHFMis 0:00 server time, and "positions that remain open at 00:00 server time" are subject to swap. A position opened at 0:01 server time will not incur a swap until the next day, and a position opened at 23:59 will be subject to swap at 0:00, one minute later

Server time is GMT+3 (6:00 AM Japan time) from the last Sunday of March to the last Sunday of October, and GMT+2 (7:00 AM Japan time) at all other times. The trading product page also states that between 23:55 and 0:05 server time (5:55 AM to 6:05 AM Japan time in summer and 6:55 AM to 7:05 AM Japan time in winter), the spread may widen due to rollover procedures, and orders may not be executed or may be delayed

Triple-stakes days are Wednesday for FX and metals, and Friday for stock indices and stocks

The swap for the weekend (Saturday and Sunday) is calculated as a lump sum for three days, sometime during the week. According toHFM's trading product page, the day of the week varies depending on the type of instrument

Brand types	Triple points day (server time)	Occurrence in Japan Standard Time
FX currency pairs, metals, energy, commodities	Wednesday	Thursday mornings (6am in summer, 7am in winter)
Stock indices, stocks, ETFs, bonds	Friday	Saturday mornings (6am in summer, 7am in winter)
XAUUSD247 (24-hour trading gold)	No triple points days (occurs daily)	every day

Even if you don't hold the position over the weekend, if you have a position at the end of trading on a triple-swap day (0:00 the next day server time = Thursday or Saturday morning Japan time), you will incur three days' worth of swap fees. Note that for securities where you only pay swap fees, holding a position across a triple-swap day will result in three times the normal holding cost

There are no positive swaps, and the maximum you can receive is 0.0

HFMWhen we aggregated all the swaps listed onthere were no instruments where either the buy or sell side was positive. Of the 53 FX currency pairs, 32 pairs had a 0.0 swap on one side and a negative swap on the other, and 21 pairs had negative swaps on both sides. Of the 7 metal instruments, 5 had a 0.0 swap on one side, while platinum and palladium had negative swaps on both sides.

For example, buying USD/JPY, which involves buying US dollars with high interest rates, yields a swap of 0.0, while selling yields -22.5 points. Selling USD/MXN, which involves buying Mexican pesos with high interest rates, also yields 0.0, while buying yields -293.8 points. The absence of positive swaps for FX currency pairs is the same as shown in the official blog list (as of June 23, 2026). On the other hand, for stocks, ETFs, and stock indices, the list as of June 2026 shows that some stocks have positive swaps on the selling side, indicating that this can change depending on the time period

The swap value does not change depending on the account type

Comparing the tables by account type on the trading product page, the swap values ​​for FX53 currency pairs were the same for all accounts that offer them (KATANA accounts only offer 30 pairs). The difference between accounts lies not in the swap value itself, but in the number of days for which swap-free trading is applied

HFM's Swap-Free Features

Swap-free trading is a system where no swap fees are incurred even if you hold a position overnight. According toHFM's swap-free trading page, for certain accounts and securities, you can hold positions for a certain period without additional costs. It is automatically applied when you trade eligible securities in eligible accounts, and no application is required (official blog)

HFMswap-free eligible securities and days

HFMofficial stock details page lists the "Swap-Free Allowed Days" for each account type. The aggregated values ​​for all 96 instruments—FX, Metals, Energy, Stock Indices, Commodities, and Bonds—are as follows:

Brand	Premium Pro Zero Cent	KATANA	Top-up bonus
27 major FX pairs(listed below the table)	45 days	45 days	0 days
Gold(XAUUSD, XAUEUR, XAUUSD247)	45 days	45 days	0 days
Major stock indices(JPN225, USA100, USA30, GER40, UK100)	45 days (Cent accounts are not available)	45 days	0 days
Other stock indices(AUS200, FRA40, NETH25, SPA35, SUI20, HK50)	45 days (Cent accounts are not available)	Not available	0 days (HK50 is not available)
S&P500(USA500 for KATANA accounts, USA500.S for other accounts)	0 days (USA500.S)	45 days (USA500)	0 days (USA500.S)
Crude oil spot(USOIL.S, UKOIL.S)	45 days (Cent accounts are not available)	0 days	0 days
USDZAR	3 days	3 days	3 days
Excluded(GBPAUD, USDMXN, ZARJPY, USDTRY, minor currency pairs, silver, etc.)	0 days	0 days - Not available	0 days

45 days: 27 major FX pairs: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY, CADJPY, CHFJPY, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, EURGBP, EURAUD, EURCAD, EURCHF, EURNZD, GBPCAD, GBPCHF, GBPNZD, AUDCAD, AUDCHF, AUDNZD, NZDCAD, NZDCHF, CADCHF
0 days (not included): GBPAUD, USDMXN, ZARJPY, USDTRY, minor currency pairs such as SGD/HUF/NOK/PLN/CNH/CZK/DKK/HKD/RUB/SEK/THB, silver (XAGUSD, XAGEUR), platinum and palladium, dollar index, crude oil and bond futures, commodities (stock index futures are "N/A")

The official blog, in its explanation of swap-free trading, lists the spot crude oil (UKOIL.S) as having a "6-day" swap-free period, and in its explanation of the KATANA account, lists silver (XAGUSD) and crude oil as eligible for swap-free trading. However, the individual instrument detail pages list UKOIL.S as 45 days and silver and crude oil in the KATANA account as 0 days (as of October 13, 2026). This article uses the values ​​from the individual instrument detail pages. Before trading, please check the latest number of days on the detail page that appears when you click on the instrument name on the official trading product page

The eligible accounts are KATANA Premium Pro Zero Cent (Top-Up Bonus accounts are not eligible)

According to the official trading account comparison, swap-free trading is available for five accounts: KATANA, Cent.Zero Pro, and Premium, but not for top-up bonus accounts. The instrument details page also shows the top-up bonus account duration as 0 days (except for USDZAR, which has 3 days). You need to consider accounts used for deposit bonuses and accounts used for longer-term swap-free holdings separately. According to the official blog, copy trading accounts are also eligible for swap-free trading. The differences between each account are explained in " HFMAccount Type Comparison "

The number of days is counted from the entry date, and the normal swap fee applies after the period ends

The official blog states that "the period during which swap-free trading is applied from the time of entry is limited," and explains that swaps will be incurred as usual after that period. For example, if you sell 1 lot of USD/JPY and hold it, no swap will be charged for 45 days, and from the 46th day onwards, based on the published price on October 13, 2026 (selling at -22.5 points), a payment of approximately 2,250 yen per day will be incurred, and on triple-swap days, the payment will be approximately 6,750 yen (calculated by our editorial department)

Swap-free status is automatically applied and may be revoked at the discretion ofHFM

The official blog states that "swap-free conditions are mandatory for eligible accounts" and cannot be opted out of or removed. The rollover policy states that the swap-free conditions are based on the premise that the primary trading method involves trades that do not span across days, or small-lot trades that do span across days. Furthermore, the trading history of eligible securities is constantly monitored, andHFMreserves the right to "revoke swap-free conditions at its sole discretion." The official blog also states that holding securities with negative swaps for too long may result in the cancellation of swap-free conditions

There are also swap-free accounts available for Muslims

HFMoffers swap-free trading accounts for Muslim clients who comply with Sharia law (FAQ on each account page). Their official blog states that all swap-free accounts for Muslims are unlimited in terms of holding time. However, their rollover policy indicates that even for Muslim accounts, certain products may incur carry fees if held continuously for a certain period

How to calculate HFMswaps

The swap amounts displayed on HFM's trading product pages and MT4/MT5 are in "points." The amount in yen is calculated by multiplying the points by the price per point and the trading quantity. You can automatically calculate the amount by entering your account currency, product type, instrument, and lot size into the official "Swap Calculator."

Calculation formula for cross-currency pairs (such as USD/JPY)

For cross-currency pairs such as USD/JPY and EUR/JPY, 1 point equals 0.001 yen

Swap (yen) = Swap points × 0.001 yen × Transaction volume (currency)
Example: Selling 1 lot (100,000 units) of USD/JPY, with a sell swap of -22.5 points, then
-22.5 × 0.001 × 100,000 =-2,250 yen per day(-6,750 yen on triple swap days)

Calculation formulas for currency pairs other than cross yen (such as euro-dollar)

For currency pairs denominated in US dollars, such as EUR/USD and GBP/USD, 1 point equals 0.00001 dollars, and the result is in US dollars. When converting to Japanese yen, multiply by the USD/JPY exchange rate

Swap (yen) = Swap points × 0.00001 dollars × Transaction volume (currency) × USD/JPY rate
Example: Buying 1 lot (100,000 units) of EUR/USD, with a buy swap of -7.9 points and an exchange rate of 1 dollar = 150 yen, the calculation is
-7.9 × 0.00001 × 100,000 = -7.9 dollars → × 150 yen =approximately -1,185 yen per day

In a cent account, 1 lot equals 1,000 units of currency, so even with the same number of lots, the amount is 1/100th. For gold, stock indices, and cryptocurrencies, the price per point varies depending on the asset, so it is best to check using the official swap calculator

How to check HFMswaps

Swap rates change daily, so be sure to check the latest rates before holding a position overnight. There are three ways to do this

Location to check	procedure
MT4/MT5 (PC)	Go to "View" → "Quote Display" → Right-click on the stock → Check "Buy Swap" and "Sell Swap" under "Specifications"
MT4/MT5 (smartphone)	Tap (or long-press) the stock in the "Quotes" section → Check the swap value from the "Details," "Specifications," etc. in the menu that appears
Official website	Check the buy and sell "Swap Value (Points)" in the table for each account type on the trading product page. Calculate the amount in yen using the "Swap Calculator"

List of swap points for major HFMstocks

This page summarizes the swaps and swap-free days for major instruments listed on HFM's trading product page. Negative values ​​indicate a payment, while 0.0 indicates no payment or receipt

Brand	Sell ​​swap	Buy swap	unit	Swap-free days (premium account)
USD /JPY	-22.5	0.0	point	45 days
Euro/Yen (EURJPY)	-15.2	-0.3	point	45 days
British Pound/Japanese Yen (GBPJPY)	-29.4	0.0	point	45 days
Australian dollar/Japanese yen (AUD/JPY)	-14.9	0.0	point	45 days
NZDJPY ​	-8.2	0.0	point	45 days
Canadian Dollar/Japanese Yen (CADJPY)	-8.4	0.0	point	45 days
Swiss Franc ( CHFJPY)	0.0	-11.7	point	45 days
South African Rand/Japanese Yen (ZARJPY)	-2.0	0.0	point	0 days
Euro/Dollar (EURUSD)	0.0	-7.9	point	45 days
British Pound Dollar (GBPUSD)	-2.7	-4.3	point	45 days
Australian Dollar/US Dollar (AUDUSD)	-3.2	-1.4	point	45 days
US Dollar and Swiss Franc (USDCHF)	-13.4	0.0	point	45 days
US Dollar, Mexican Peso (USDMXN)	0.0	-293.8	point	0 days
US Dollar, South African Rand (USDZAR)	0.0	-291.8	point	3 days
Gold XAUUSD	0.0	-73.77	pips/lot	45 days
Silver XAG USD	0.0	-23.7	pips/lot	0 days
WTI Crude Oil (Spot) USOIL.S	-16.0	0.0	USD	45 days
Nikkei 225 JPN225	-1.96	-8.17	Denominated in margin currency	45 days
NASDAQ100 USA100	0.0	-6.64	Denominated in margin currency	45 days
Bitcoin #BTCUSD	-4.0	-8.0	%	Not applicable

Of the 53 FX currency pairs, 32 have a swap rate of 0.0 for the buyer and negative for the seller, while 21 pairs (such as GBP/USD and EUR/JPY) have negative swap rates for both the buy and sell sides. Even for instruments with a 45-day swap-free period, payments will be incurred at the values ​​shown in the table after that period. The latest values ​​for all instruments can be found in the table categorized by account type on the official trading product page (FX, metals, energy, indices, stocks, ETFs, crypto assets, etc.)

Points to note regarding HFMswap points

Swap rates change daily (monthly for stocks and ETFs)

The trading product page states that swap rates for FX, metals, energy, and stock indices are adjusted daily based on market conditions and liquidity provider rates, while swap rates for stocks and ETFs are adjusted monthly. The values ​​in this article are as of October 13, 2026. For positions you intend to hold for a long period, please check the latest values ​​on MT4/MT5 or the official website before opening a position

Payments begin once the swap-free period ends

After the 45-day swap-free period, swap charges will accrue daily, and the triple-spending days will be calculated for three days. For a short position of 1 lot of USD/JPY, after the period, the calculation is approximately 15,750 yen per week (7 days including the triple-spending days, which are 5 trading days) (values ​​published on October 13, 2026, calculated by our editorial department). When trading with the intention of holding for the long term, be sure to plan for costs after the 45-day period

The spread widens before and after the rollover

Around 0:00 server time when swaps occur (23:55 to 0:05, 5:55 to 6:05 in summer and 6:55 to 7:05 in winter Japan time), spreads widen and liquidity decreases due to rollover procedures (see trading product page). Please be aware of the widening spread when placing new orders or closing positions immediately before or after the swap time

It is not possible to withdraw only the swap points separately

According to the rollover policy, swaps are displayed in the swap section of a trade and are automatically reflected in your account balance. The official blog also states that "it is not possible to withdraw swap points alone." Swaps, like profits and losses, are treated as part of your account balance and will be withdrawn as funds from your account. For withdrawal procedures, please see " HFMHow to withdraw from ."

Frequently Asked Questions about HFMSwaps

How many days is the swap-free period for HFM?

The major 27 FX pairs, gold, major stock indices, and crude oil spot are valid for 45 days from entry (HFMofficial instrument details page, as of October 13, 2026). The US dollar/South African rand (USDZAR) is valid for 3 days, while minor currency pairs such as the Mexican peso, South African rand/yen, and Turkish lira, as well as silver, are valid for 0 days (not included). Top-up bonus accounts are valid for 0 days except for USDZAR, and KATANA accounts are valid for 0 days for crude oil spot

Is HFM's gold swap-free?

Swap-free. Gold (XAUUSD, XAUEUR, XAUUSD247) is swap-free for 45 days in KATANA Premium Pro Zero Cent accounts, and 0 days in Top-Up Bonus accounts. After 45 days, a swap of -73.77 for buys (shown in pips per lot) and 0.0 for sell will be incurred based on the prices listed on October 13, 2026. Silver (XAGUSD) is not eligible for swap-free trading

Can I receive positive swaps with HFM?

As of October 13, 2026, the official trading product page does not list any instruments with positive swap rates. Even when buying high-interest currencies, the swap rate is either 0.0 or negative. Furthermore, according to the official blog, during swap-free periods, "you cannot earn swap points even if the swap rate is positive." This platform is not suitable for trading with the purpose of receiving swaps

What happens to swaps in a top-up bonus account (bonus account)?

Top-up bonus accounts are not eligible for swap-free trading, and the swap-free period for all instruments except USDZAR (3 days) is 0 days. The swap values ​​themselves are the same as other accounts, so if the transaction spans across days, the swap will be charged from the first day. The conditions for deposit bonuses are explained in " HFMBonus List "

Is it possible that the swap-free status for HFMwill be removed?

Yes, it is possible. The rollover policy states that the trading history of swap-free securities is constantly monitored, andHFMcan revoke the swap-free conditions at its own discretion. The official blog also states that holding negative swap securities for too long may result in the cancellation of the swap-free conditions

When will HFMswap rate become 3x?

FX currency pairs, metals, energy, and commodities trade on Wednesdays (Thursday morning Japan time), while stock indices, stocks, ETFs, and bonds trade on Fridays (Saturday morning Japan time) (HFMofficial trading products page). Gold (XAUUSD247), which is traded 24 hours a day, incurs swaps daily, so there are no triple swap days

Are cryptocurrencies like Bitcoin swap-free?

It is not included. The official blog states that "cryptocurrencies are not eligible for swap-free trading," and as of October 13, 2026, the swap rates for Bitcoin (#BTCUSD) on the trading product page are -4.0% for selling and -8.0% for buying (units are in "%" as shown on the trading product page). If you hold crypto assets overnight, swaps will be incurred regardless of whether you buy or sell

What happens to the swap when you have both open and closed positions?

Swaps are incurred on both buy and sell positions.HFM, many instruments have a swap rate of 0.0 on one side and a negative swap rate on the other. Therefore, even if you hedge with the same lot size, the swaps will not offset, and you will have to pay the swap rate on the negative side. No swaps are incurred on either side during swap-free periods. Hedging within the same account is permitted, but hedging across multiple accounts, and trading to aim for risk-free profits by placing opposing orders during sudden price fluctuations such as economic indicator announcements or gap openings (even within the same account) are prohibited by the terms of service. For details, In please see " HFMScalping (Prohibited Actions) "

Summary:HFMswaps should be considered as "45 days swap-free" and "no positive swaps"

This document summarizes the swap and swap-free rates for HFM(formerly HotForex), based on the information published on their official website. Here's a breakdown of the key points

• Swap-free trading is available for 45 days on 27 major FX pairs, gold, major stock indices, and crude oil spot. Top-up bonus accounts are excluded, and crude oil spot trading is excluded for KATANA accounts. Automatic application without application.
• Swap rates remain the same regardless of account type, with no positive swaps (maximum possible swap amount is 0.0)(as of October 13, 2026). Swap payments will be incurred after the swap-free period ends.
• The event occurs at 0:00 server time (6:00 AM in summer and 7:00 AM in winter Japan time). Triple bonus days are Wednesday for FX and metals, and Friday for stock indices and stocks
• The calculation is swap points × price per point × trading volume. Selling 1 lot of USD/JPY costs approximately 2,250 yen per day (as of October 13, 2026)

If you use MoneyChat, you can offset holding costs with cashback every time you make a trade

Our website, "Money Charger (Manecha),"HFMis an official IB partner ofOpening an account through Manecha will earn you cashback with every trade. Trading conditions such as spreads and swaps are the same as when opening an account directly through the official website, so the effective cost is reduced by the amount of cashback.

Account type	BTC/USD	Gold (XAU/USD)
Top-up / Premium	$16.00/lot	$12.00/lot
Pro/Zero	$6.40/lot	$5.60/lot
KATANA	$2.80/lot	$2.40/lot
Saint	$1.60/lot	$0.12/lot

*Cashback rates may vary. For a list of cashback amounts by account type, how to receive it, and whether you can switch existing accounts, please see "How to Receive HFMCashback ". For instructions on opening an account, please see " HFMHow to Open an Account ", andHFM's safety and reputation, for information on please see " HFMReviews and Testimonials ". For a comparison of swap points of overseas FX brokers , please see " Overseas FX Swap Point Comparison "

＼ The terms and conditions are the same as the official site, and you get cash back with every transaction! ／

*Swap values, eligible instruments, and number of days for swap-free trading are subject to change. The information in this article is based on information published onHFMofficial website and official blog as of October 13, 2026. Please check the official website and MT4/MT5 for the latest conditions. Overseas FX trading carries exchange rate fluctuation risk, and the higher the leverage, the greater the potential for significant losses in a short period of time. Investment decisions should be made at your own risk