{"version":"1.0","provider_name":"For overseas forex cashback services, try Money Charger","provider_url":"https://money-charger.com/en/","author_name":"admin","author_url":"https://money-charger.com/en/author/admin/","title":"HFM (HotForex) Spread List for All Instruments | Thorough Investigation of Spreads by Time of Day and Account Type - Money Charger (Overseas FX Cashback Service)","type":"rich","width":600,"height":338,"html":"
HFM (HotForex) Spread List for All Instruments | Thorough Investigation of Spreads by Time of Day and Account Type
\n","description":"\"What are HFM's spreads really like?\" \"Are their costs cheaper compared to other companies?\" These are questions that traders who prioritize transaction costs have likely wondered at some point. HFM employs a variable spread system, meaning that spreads fluctuate significantly depending on the account type, instrument, and time of day. Understanding accurate figures and comparative data will allow you to make the best choice for your trading style. This article provides a thorough explanation using actual figures, from HFM's spreads for all instruments to detailed comparisons with other companies and fluctuations by time of day. ■What you will learn from reading this article Use this as a reference to choose an environment that allows you to minimize transaction costs and maximize profits. We have thoroughly investigated HFM's reliability and cases of withdrawal refusal in HFM's reputation and reviews. Characteristics and Mechanism of HFM's Spreads HFM's spreads have two important characteristics. First, they employ a variable spread system that constantly changes according to market conditions. Second, they offer different spread settings for each account type. Understanding these mechanisms will allow you to choose the environment that best suits your trading style. With variable spreads, the figures displayed on the official website are estimates, and it is important to check real-time figures on MT4 or MT5 when actually trading. Furthermore, spreads fluctuate significantly depending on the time of day and whether or not there are economic events, so gathering information in advance is essential. Variable Spreads HFM uses variable spreads instead of fixed spreads. This is a system where spreads constantly change according to market liquidity and trading volume. In particular, liquidity tends to decrease and spreads tend to widen during weekday evenings and the start of weekends. Spreads also widen temporarily when economic indicators are released or important news is announced. By understanding the characteristics of variable spreads, it is possible to develop efficient trading strategies that target times when spreads are narrow. For example, liquidity is high and spreads tend to be narrow when the London and New York markets overlap (around 9 PM to 12 AM Japan time), while they tend to widen in the early morning (around 6 AM to 8 AM Japan time) and during the year-end and New Year holidays. By understanding these fluctuation patterns and adjusting trading timing, you can effectively suppress trading costs. Different Spreads for Each Account Type HFM has six account types, each with different spread settings. Premium accounts and bonus accounts are commission-free and have spreads starting from around 1.2 pips, making them suitable for beginners. The Pro account is commission-free and allows trading from around 0.6 pips, making it suitable for intermediate traders. The Zero account has the lowest trading costs, allowing trading from 0.0 pips spread, but a separate trading fee is charged. The Zero account fee is $6 round trip for major currency pairs and $8 round trip for minor currency pairs. For example, when trading 1 lot of USD/JPY, the Pro account would cost approximately 0.6 pips including fees, while the Zero account would cost approximately 0.7 pips including fees. For scalping traders who trade frequently, the Zero account is recommended as it often results in the lowest overall trading costs even including fees. The Cent account is for small-amount trading, and the HF Copy account is set up specifically for copy trading. Account Type Spread Trading Fee Features Premium Account 1.2 pips ~ Free Beginner Bonus Account 1.2 pips ~ Free Bonus Eligible Pro Account 0.6 pips ~ Free Intermediate Zero Account 0.0 pips ~ $6-8 round trip Advanced Cent Account 1.2 pips ~ Free Small Trade HF Copy Account 1.2 pips ~ Free Copy Trading Only HFM Spread List [All Currency Pairs and CFD Instruments] HFM offers a wide range of trading instruments, with over 1,200 instruments available, from FX currency pairs to CFD products. Spreads for each instrument vary greatly depending on the account type, so it is important to check before trading. In particular, the Zero Account offers some of the narrowest spreads in the industry for many instruments, which is a great advantage for cost-conscious traders. The instruments handled are diverse, including major and minor currency pairs, precious metals, energy commodities, stock indices, cryptocurrency CFDs, individual stock CFDs, bond CFDs, and ETFs. Each category has different spread characteristics, so selecting instruments that suit your trading style will be key to maximizing profits. Below, we will introduce detailed spread information by major category. Spreads for Major Currency Pairs HFM's spread levels for major currency pairs are very competitive compared to industry standards. In the Zero account, EUR/USD is around 0.1 pips and USD/JPY is around 0.4 pips, making it ideal for scalping and short-term trading. In addition, the Pro account maintains a narrow average of 0.6 to 0.9 pips while being commission-free, making it highly cost-effective. On the other hand, the Premium, Bonus, Cent, and HF Copy accounts have slightly wider spreads of around 1.7 to 2.8 pips, but all have a simple design with no trading fees. They are particularly easy to use for beginners and small-scale traders. By choosing currency pairs and strategies based on the characteristics of each account, it is possible to minimize trading costs. For detailed figures, please refer to the spread comparison table below (these are average guideline values ​​in normal market conditions). ■Spread Comparison Table for Major Currency Pairs You can scroll horizontally Currency Pair Premium Account Bonus Account Pro Account Zero Account Cent Account HF Copy Account EUR/USD (Euro/US Dollar) 1.7 pips 2.0 pips 0.7 pips 0.1 pips 1.7 pips 1.7 pips USD/JPY (US Dollar/Japanese Yen) 2.4 pips 2.3 pips 0.9 pips 0.4 pips 2.4 pips 2.4 pips GBP/USD (Pound/US Dollar) 2.0 pips 2.4 pips 0.7 pips 0.1 pips 2.0 pips 2.0 pips EUR/JPY (Euro/Japanese Yen) 2.8 pips 2.8 pips 1.1 pips 0.5 pips s2.8pips2.8pipsGBP/JPY (British Pound/Japanese Yen) 3.8pips3.5pips1.5pips0.6pips3.8pips3.8pipsUSD/CHF (US Dollar/Swiss Franc) 2.0pips2.3pips0.6pips0.1pips2.0pips2.0pipsUSD/CAD (US Dollar/Canadian Dollar) 2.2pips2.5pips0.8pips0.2pips2.2pips2.2pipsAUD/USD (Australian Dollar/US Dollar) 1.7pips2.0pips0.6pips0.0pips1.7pips1.7pips *A separate trading fee (6 dollars round trip/lot for major currencies) will be charged for Zero accounts. (Spreads are variable and may widen depending on the time of day and market liquidity) Spreads for Minor Currency Pairs HFM offers relatively stable spreads even for minor currency pairs. In particular, by utilizing Pro accounts and Zero accounts, it's possible to trade at costs that are not significantly different from those of major currency pairs. For example, minor currencies such as NZD/USD, EUR/GBP, and AUD/NZD tend to have lower liquidity and wider spreads, but these are kept to around 0.3-0.5 pips in Zero accounts and around 1.0-1.5 pips in Pro accounts. On the other hand, Bonus accounts, Premium accounts, and Cent accounts have slightly wider spreads of around 2.5-4.0 pips, which may make them unsuitable for frequent trading. […]","thumbnail_width":1920,"thumbnail_height":963}