A Complete Guide to HFM Swaps | Including Swap-Free Stocks and Calculation Methods

In FX trading, swap points, which utilize interest rate differentials, are a crucial element when considering long-term trading strategies

In particular, when using overseas forex brokers, it is necessary to understand the rules and characteristics that differ from those of domestic brokers

This article explains the basics of HFM swap points and HFM swap rules

This article explains the characteristics of swap-free transactions, specific calculation methods, and points to note , so please refer to it.

We have thoroughly investigated HFM's withdrawal refusal cases and actual customer reviews our HFM reputation and reviews section

What are swap points?

Swap points are interest rate adjustments incurred in FX trading when a position is carried over to the next business day

For example, if you hold a position where you buy a currency with a high interest rate and sell a currency with a low interest rate, you can receive the difference in interest rates

This is called positive swap

Conversely, if you sell a currency with a high interest rate and buy a currency with a low interest rate, you will need to pay the difference in interest rates

This is called negative swap

Swap points are an important factor in accumulating profits through long-term holding

Characteristics of HFM swap points

HFM swap points are an important factor for traders considering long-term trading strategies

Here, we will introduce the following characteristics of HFM's swap points

1. HFM swap point accrual timing
2. When HFM's swap points triple

Please refer to the above information to take advantage of swap points

HFM swap point accrual timing

With HFM, swap points are awarded for holding a position overnight

It is granted at midnight every day in server time, but in Japan Standard Time, it varies depending on the season

The granting time is as follows:

Particular caution is needed during the transition to daylight saving time, as the time allocated will be different

When HFM's swap points triple

At HFM, swap points for three days are credited at the close of trading on Wednesday (early Thursday morning Japan time).

This measure takes into account the trading holidays on Fridays, Saturdays, and Sundays

By taking advantage of the timing when the price triples, traders employing long-term holding strategies can efficiently earn swap points

However, if you hold securities with negative swap rates, you will be charged three times the amount, so caution is advised

HFM's Swap-Free Features

HFM's swap-free service is a service that allows you to hold positions in certain securities overnight without incurring swap points

Swap-free trading allows you to trade without worrying about losses due to negative swaps, even when aiming for profits through long-term holding

Here, we will introduce the following features regarding HFM's swap-free policy

1. HFM is a swap-free eligible stock
2. HFM swap-free period
3. HFM swap-free account types

Please understand the above characteristics to deepen your understanding of swap-free policies

HFM is a swap-free eligible stock

HFM's swap-free policy applies only to specific securities

The main targets are as follows:

Since the target stocks change depending on market conditions, be sure to check the latest information on the official website before trading

If you want to develop a more flexible trading strategy without worrying about swap points, be sure to check out swap-free securities

HFM swap-free period

HFM's swap-free policy is not applicable indefinitely

HFM's swap-free policy has a maximum holding period of 45 days.

By making effective use of this period, you can hold long-term positions without worrying about incurring negative swap fees

Since regular swap points will apply after the campaign ends, plan your trading period carefully

HFM swap-free account types

HFM's swap-free feature is only available for certain account types

The eligible account types are as follows:

It's important to check in advance whether your account type is eligible for swap-free trading

By considering whether or not swap-free options are available when opening an account, you can choose the environment that best suits your trading style

Swap calculation method

Swap points are calculated differently depending on the currency pair or instrument being traded

Basically, swap points are determined by the trading volume and the interest rate difference between the respective currencies.

Here, we'll look at the major cross-currency pairs and other calculation methods

1. How to calculate swaps for cross-currency pairs
2. Swap calculation methods other than cross-currency pairs

By understanding the above, you can anticipate potential profits and losses in advance and develop a more planned trading strategy

How to calculate swaps for cross-currency pairs

The swap points for cross-currency pairs are calculated using the following formula:

Swap balance = Number of currency units × Number of decimal places × Swap points × Number of lots

An example of an actual calculation is shown below

This formula converts swap points directly into yen, so please feel free to use it

Swap calculation methods other than cross-currency pairs

For currency pairs other than cross-yen pairs (e.g., EUR/USD), you need to be a little careful when calculating swap points

Swap balance = Number of currency units × Number of decimal places × Swap points × Number of lots × Exchange rate of the settlement currency

An example of an actual calculation is shown below

Remember that you will need to convert currencies other than cross-yen currencies to yen

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How to check HFM swap points

You can check the swap points for the securities you hold in HFM using the MT4/MT5 trading platform

Here, we will explain the following verification methods

1. How to check on a PC
2. How to check on your smartphone

Before starting a trade or considering long-term holding, make it a habit to check swap points

Holding securities with negative swap rates can lead to high daily costs and potentially result in unexpected losses

How to check on a PC

To check HFM's swap points on your PC, follow these steps:

How to check on your smartphone

To check HFM's swap points using the smartphone app, follow these steps:

List of swap points for each HFM instrument

Here, we present a list of swap points for each of the following HFM instruments

1. List of swap points for major currency pairs
2. List of swap points for minor currency pairs
3. List of commodity swap points
4. List of swap points for metals
5. List of bond swap points
6. List of energy swap points
7. List of ETF swap points
8. List of swap points for stock indices
9. List of swap points for cryptocurrency CFDs
10. List of stock swap points

Swap points fluctuate daily, so it's essential to always check the latest information. Please use this as a reference

List of swap points for major currency pairs

Major currency pairs are those that are the most traded in global financial markets, such as the US dollar/Japanese yen (USD/JPY) and the euro/US dollar (EUR/USD)

The swap points for these currency pairs are determined by the difference in policy interest rates set by the central banks of each country

The swap points for major currency pairs are as follows:

currency pair	Sell	Buy
CADCHF	-6.7	0.0
CADJPY	-10.2	0.0
CHFJPY	-2.9	-7.7
EURCAD	-2.1	-6.6
EURCHF	-9.9	0.0
EURGBP	0.0	-7.5
EURJPY	-17.6	0.0
EURUSD	0.0	-10.9
GBPCAD	-13.2	0.0
GBPCHF	-17.7	0.0
GBPJPY	-36.3	0.0
GBPUSD	-3.2	-5.0
USDCAD	-9.8	0.0
USD CHF	-13.5	0.0
USD/JPY	-28.2	0.0

Major currency pairs often have high liquidity and narrow spreads, making them attractive to traders considering not only short-term trading but also long-term holding

If you're aiming for positive swaps, the basic strategy is to hold a position where you buy a currency with a high interest rate and sell a currency with a low interest rate

Always check the latest interest rate trends and use them to inform your strategy

List of swap points for minor currency pairs

Minor currency pairs are those with lower trading volume compared to major currency pairs, but they are characterized by the inclusion of many high-interest rate currencies

The swap points for minor currency pairs are as follows:

currency pair	Sell	Buy
AUDCAD	-5.8	-0.2
AUDCHF	-7.4	0.0
AUDJPY	-13.3	0.0
AUDNZD	-6.9	-2.9
AUDSGD	-8.7	-0.5
AUDUSD	-1.7	-3.5
CHFSGD	-2.8	-16.6
EURAUD	0.0	-13.0
EURHUF	0.0	-91.1
RNOK	-9.4	-118.9
SERNZD	0.0	-10.3
EURPLN	0.0	-54.9
EURSGD	-10.4	-6.6
EURZAR	0.0	-431.3
GBPAUD	-8.4	-4.8
GBPNZD	-12.9	-1.0
GBPSGD	-20.9	0.0
GBPZAR	0.0	-425.0
NZDCAD	-4.2	-1.7
NZDCHF	-6.5	0.0
NZDJPY	-11.4	0.0
NZDUSD	0.0	-3.6
SGDJPY	-10.5	-1.9
USDCNH	-120.5	0.0
USDCZK	-12.1	-11.6
USDDKK	-79.2	0.0
USDHKD	-71.3	-17.9
USDHUF	0.0	-50.5
USDMXN	0.0	-345.8
USDNOK	-62.4	-43.5
USDPLN	-20.4	-30.4
USDRUB	-259.9	-2262.3
freeSEK	-108.2	-0.2
USDSGD	-16.7	0.0
USDTHB	-11.1	-3.8
USDTRY	-897.5	-5883.8
USDZAR	0.0	-330.4
ZARJPY	-2.3	0.0

Because minor currency pairs tend to experience larger exchange rate fluctuations, it's necessary to consider the risk of incurring exchange rate losses that may outweigh any swap points received

When trading with the aim of earning positive swap points, it is crucial to thoroughly manage leverage and minimize risk

List of commodity swap points

Commodities include energy-related products such as crude oil and natural gas

The swap points for HFM commodities are as follows:

Brand	Sell	Buy
Micoa	0.0	0.0
Coffee	0.0	0.0
Copper	0.0	0.0
Cotton	0.0	0.0
Sugar	0.0	0.0

Commodity swap points fluctuate due to various factors, including the supply and demand balance of the physical commodity and storage costs

Even when holding positions based on long-term trends, it's important to understand whether the daily swap points are positive or negative

List of swap points for metals

Metals include precious metals such as gold and silver

The swap points for metals in HFM are as follows:

currency pair	Sell	Buy
XAUEUR	0.0	-29.26
XAUUSD	0.0	-57.12

Gold and silver are popular as safe-haven assets, and many traders hold them for the long term

However, since positive and negative swaps are incurred depending on the direction of the position (buy or sell), be sure to check this before starting to trade

List of bond swap points

Bonds refer to bond CFDs, such as government bonds

The swap points for HFM bonds are as follows:

Brand	Sell	Buy
EUBUND.F	0.0	0.0
UKGILT.F	0.0	0.0
US10YR.F	0.0	0.0

Bond swap points fluctuate depending on interest rate levels and economic conditions in each country. A strategy of accumulating swap points by holding bond CFDs of a specific country over the long term is also possible. However, it's important to understand that interest rates fluctuate due to market trends, which can change the amount of swap points

List of energy swap points

Energy stocks include crude oil and natural gas, and these are also eligible for swap points

The energy swap points for HFM are as follows:

Brand	Sell	Buy
UKOIL.S	-2.2	0.0
USOIL.S	-2.9	0.0

The energy market is characterized by its high price volatility, often influenced by geopolitical risks and OPEC's production policies

If you plan to hold the investment for the long term, be sure to understand not only the potential exchange rate gains but also how much swap points will be generated

List of ETF swap points

At HFM, ETFs from a wide range of sectors are available for trading as CFDs

The swap points for HFM's ETFs are as follows:

Brand	Sell	Buy
IWB	1.57	-9.07
QQQ	1.57	-9.07
SPY	1.57	-9.07
VXUS	1.57	-9.07
XLB	1.57	-9.07
XLE	1.57	-9.07
XLF	1.57	-9.07
XLK	1.57	-9.07
XLP	1.57	-9.07
XLU	1.57	-9.07
XLV	1.57	-9.07
XLY	1.57	-9.07

The swap points of ETFs are influenced by various factors, including dividends and interest rates of the stocks and bonds they hold

One possible strategy is to hold ETFs in a specific sector long-term and accumulate swap points, but you must also consider the possibility of negative swap points when trading

List of swap points for stock indices

Stock market indices, such as the Nikkei 225 and the Dow Jones Industrial Average, are indices that show the movements of major stock markets in various countries

The swap points for HFM's stock index are as follows:

Brand	Sell	Buy
AUS200	0.27	-1.78
FRA40	-0.5	-1.1
GER40	-0.5	-3.38
HK50	0.31	-4.36
JPN225	-2.41	-3.92
NETH25	-0.5	-0.85
SPA35	-0.5	-2.14
SUI20	-0.9	-0.87
UK100	0.35	-2.0
USA100	1.12	-5.53
USA30	2.13	-10.56
USA500.S	0.31	-1.51
iOS50.F	0.0	0.0
FRA40.F	0.0	0.0
GER40.F	0.0	0.0
JP225.F	0.0	0.0
N25.F	0.0	0.0
SUI20.F	0.0	0.0
UK100.F	0.0	0.0
US100.F	0.0	0.0
US30.F	0.0	0.0
US500.F	0.0	0.0
USDIndex	-5.5	-8.5

The swap points for stock index CFDs fluctuate depending on the dividends of the underlying stocks and the trends in market interest rates

Even when holding an index with the expectation of long-term growth, it's important to understand how swap points affect your profits

List of swap points for cryptocurrency CFDs

Cryptocurrency CFDs refer to cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH)

The swap points for HFM's cryptocurrency CFDs are as follows:

Brand	Sell	Buy
#ADAUSD	-10.0	-10.0
#BCHUSD	-10.0	-10.0
#BNBUSD	-10.0	-10.0
#BTCUSD	-4.0	-8.0
#DOTUSD	-10.0	-10.0
#ETHUSD	-4.0	-8.0
#LINKUSD	-10.0	-10.0
#LTCUSD	-10.0	-10.0
#SOLUSD	-10.0	-10.0
#XRPUSD	-4.0	-8.0
#AAVEUSD	-10.0	-10.0
#AVAXUSD	-10.0	-10.0
#FETUSD	-10.0	-10.0
#ICPUSD	-10.0	-10.0
#NEARUSD	-10.0	-10.0
#TRXUSD	-10.0	-10.0
#UNIUSD	-10.0	-10.0
#XLMUSD	-10.0	-10.0
#ALGOUSD	-10.0	-10.0
#APTUSD	-10.0	-10.0
#ATOMUSD	-10.0	-10.0
#CRVUSD	-10.0	-10.0
#DOGEUSD	-10.0	-10.0
#ETCUSD	-10.0	-10.0
#FILUSD	-10.0	-10.0
#FLOWUSD	-10.0	-10.0
#GALAUSD	-10.0	-10.0
#GRTUSD	-10.0	-10.0
#HBARUSD	-10.0	-10.0
#IMXUSD	-10.0	-10.0
#IOTAUSD	-10.0	-10.0
#NEOUSD	-10.0	-10.0
#SANDUSD	-10.0	-10.0
#SHIBUSD	-10.0	-10.0
#THETAUSD	-10.0	-10.0
#TONUSD	-10.0	-10.0
#VETUSD	-10.0	-10.0
#XMRUSD	-10.0	-10.0
#XTZUSD	-10.0	-10.0
#BCHAUD	-10.0	-10.0
#BCHCAD	-10.0	-10.0
#BCHEUR	-10.0	-10.0
#BCHGBP	-10.0	-10.0
#BCHJPY	-10.0	-10.0
#BCHNZD	-10.0	-10.0
#BNBAUD	-10.0	-10.0
#BNBCAD	-10.0	-10.0
#BNBEUR	-10.0	-10.0
#BNBGBP	-10.0	-10.0
#BNBJP	-10.0	-10.0
#BNBNZD	-10.0	-10.0
#BTCAUD	-4.0	-8.0
#BTCCAD	-4.0	-8.0
#BTCCHF	-4.0	-8.0
#BTCEUR	-4.0	-8.0
#BTCGpy	-4.0	-8.0
#BTCJPY	-4.0	-8.0
#BTCLTC	-4.0	-8.0
#BTCNZD	-4.0	-8.0
#BTCXAG	-4.0	-8.0
#BTCXAU	-4.0	-8.0
#ETHAUD	-4.0	-8.0
#ETHBTC	-4.0	-8.0
#ETHCAD	-4.0	-8.0
#ETHEUR	-4.0	-8.0
#ETHGBP	-4.0	-8.0
#ETHJPY	-4.0	-8.0
#ETHNZD	-4.0	-8.0
#LTCAUD	-10.0	-10.0
#LTCCAD	-10.0	-10.0
#LTCEUR	-10.0	-10.0
#LTCGBP	-10.0	-10.0
#LTCJPY	-10.0	-10.0
#LTCNZD	-10.0	-10.0
#XRPEUR	-4.0	-8.0

Cryptocurrency swap points fluctuate more due to factors such as funding costs and market liquidity than to interest rate differentials

Because this is a highly volatile stock, pay attention not only to swap points but also to price fluctuations

List of stock swap points

At HFM, you can trade major stock CFDs from around the world, including US and European stocks

The swap points for HFM stocks are as follows:

Brand	Sell	Buy
Adidas.K	0.15	-7.65
ADOBE	1.57	-9.07
Airbus.K	0.15	-7.65
ALCOA	1.57	-9.07
ALIBABA	1.57	-9.07
Allianz.K	0.15	-7.65
Amazon	1.57	-9.07
AMD	1.57	-9.07
AMEX	1.57	-9.07
ANGLO	1.43	-8.93
APPLE	1.57	-9.07
BARC	1.43	-8.93
Bayer.K	0.15	-7.65
BBVA.K	0.15	-7.65
BMW.K	0.15	-7.65
BNP.K	0.15	-7.65
BOA	1.57	-9.07
BOEING	1.57	-9.07
BOOKING	1.57	-9.07
BPLON	1.43	-8.93
CHEVRON	1.57	-9.07
CISCO	1.57	-9.07
CITI	1.57	-9.07
Coinbase	1.57	-9.07
COKE	1.57	-9.07
Continent.K	0.15	-7.65
Danone.K	0.15	-7.65
Dbank.K	0.15	-7.65
DEVON	1.57	-9.07
DISNEY	1.57	-9.07
eBay	1.57	-9.07
EXXON	1.57	-9.07
FORD	1.57	-9.07
GE	1.57	-9.07
GOOGLE	1.57	-9.07
GS	1.57	-9.07
Hermes.K	0.15	-7.65
HLT	1.57	-9.07
HSBCL	1.43	-8.93
Iberdrola.K	0.15	-7.65
IBM	1.57	-9.07
ICAG	1.43	-8.93
ILMN	1.57	-9.07
Infineon.K	0.15	-7.65
INTEL	1.57	-9.07
JNJ	1.57	-9.07
JPMORGAN	1.57	-9.07
Kering.K	0.15	-7.65
LAM	1.57	-9.07
LLOY	1.43	-8.93
Lufthansa.K	0.15	-7.65
LVMH.K	0.15	-7.65
Mapfre.K	0.15	-7.65
MCARD	1.57	-9.07
MCDON	1.57	-9.07
Mercedes.K	0.15	-7.65
META	1.57	-9.07
MICROCHIP	1.57	-9.07
MICRON	1.57	-9.07
MODERNA	1.57	-9.07
MSFT	1.57	-9.07
Natasia	1.43	-8.93
Netflix	1.57	-9.07
NIKE	1.57	-9.07
NVIDIA	1.57	-9.07
PAYPAL	1.57	-9.07
PEPSI	1.57	-9.07
PFIZER	1.57	-9.07
QCOM	1.57	-9.07
Renault.K	0.15	-7.65
RIO	1.43	-8.93
RollsRoyce	1.43	-8.93
SALESFORCE	1.57	-9.07
Santander.K	0.15	-7.65
SAP.K	0.15	-7.65
Siemens.K	0.15	-7.65
STARBUCKS	1.57	-9.07
Telefon.K	0.15	-7.65
TESCO	1.43	-8.93
Tesla	1.57	-9.07
TEVA	1.57	-9.07
Total.K	0.15	-7.65
Uber	1.57	-9.07
VINFAST	1.57	-9.07
VISA	1.57	-9.07
VOD	1.43	-8.93
Volksw.K	0.15	-7.65
WALMART	1.57	-9.07
Zalando.K	0.15	-7.65

Stock swap points are primarily influenced by dividends and funding costs

Some stocks offer the potential for positive swaps equivalent to dividends when held long-term, while others incur negative swaps

Points to note regarding HFM swap points

When trading with HFM while considering swap points, you need to understand the following points

1. Swap points fluctuate in HFM
2. HFM has a swap-free period
3. Swap points cannot be withdrawn on their own

By understanding the above points in advance, you can avoid unexpected losses and problems and conduct safer transactions

Swap points fluctuate in HFM

HFM swap points are not fixed and fluctuate daily depending on each country's interest rate policies, market liquidity, and economic conditions

Therefore, the swap points you checked yesterday may not be the same amount today

In particular, swap points may fluctuate significantly after monetary policy meetings in various countries or the release of important economic indicators, so caution is advised

If you intend to hold the investment for the long term, always check the latest information and manage your risks

HFM has a swap-free period

HFM's swap-free policy is not applicable indefinitely

HFM's swap-free policy has a maximum holding period of 45 days.

Once the period ends, normal swap points will be incurred, and long-term held positions may end up with negative swap points

Make the most of the swap-free period and develop your trading strategy while also considering the risks after it ends

Swap points cannot be withdrawn on their own

Swap points earned in an HFM trading account cannot be withdrawn on their own

Swap points are added to the effective margin of your trading account, so if you wish to withdraw them, you must withdraw the entire amount of funds in your account.

This is because swap points are treated as part of the "earnings."

It's important to understand that even if you accumulate swap points, this will be reflected in the effective margin of your account

Frequently Asked Questions about HFM Swaps

We have compiled the following frequently asked questions and answers regarding HFM's swap points

1. Are there any HFM accounts that offer swap-free options?
2. What is the swap point for 1 million units of currency?
3. Why do swap points sometimes triple?
4. Does the swap-free policy vary depending on the account type at HFM?

Please use this information to help you choose the right account and securities to suit your own trading style

[Summary] HFM swap

With HFM, swap points are generated by carrying over positions to the next day, and by taking advantage of Wednesday's triple-swap day, it is possible to accumulate profits efficiently

Furthermore, by utilizing the swap-free service offered for a limited time, you can develop a long-term holding strategy without worrying about costs

However, it's important to note that swap points are constantly fluctuating, and swap-free options also have limitations on the duration and eligible securities

Understand the calculation methods, verification methods, and points to note explained in this article, and find a way to use HFM that suits your own trading style.

A thorough comparison of swap points for overseas forex brokers: Calculation methods and introduction of swap-free brokers