What Account Types and Fees Does HFM Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Micro Account |
Beginners |
Low minimum deposit, suitable for practicing trading |
Minimum deposit of $5, ideal for small-capital traders |
| Premium Account |
Experienced Traders |
Higher leverage, improved trading conditions |
Minimum deposit of $100, suitable for serious trading |
| Zero Spread Account |
Active Traders |
Raw spreads from 0.0 pips, commission-based |
Minimum deposit of $200, best for low-cost trading |
| PAMM Account |
Investors |
Allows fund management by skilled traders |
Minimum deposit of $250, suitable for clients wanting managed trading |
| Islamic Account |
Muslim Traders |
Swap-free trading options |
Available for Muslim traders, adheres to Islamic finance principles |
| Demo Account |
All Traders |
Practice without financial risk |
Unlimited access for testing strategies |
Account Opening Process
To open an HFM account, follow these steps: First, go to the HFM website and click on “Open Live Account.” Fill in your country of residence, phone number, name, date of birth, email address, and password. After registering, you’ll access the myHF area, where you can choose your preferred account type. Account verification is mandatory, requiring you to upload a government-issued ID and proof of residency. The entire process takes less than a minute, and once you make the initial deposit, you will receive an email confirmation with your account login details. Flexibility is available as traders can upgrade to a professional account later if they meet the eligibility criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| CFDs (Stocks) |
1.3 |
$6 per lot |
Competitive rates for major stocks |
| CFDs (Indices) |
1.0 |
$5 per lot |
Standard spreads for major indices |
| CFDs (Commodities) |
1.5 |
$7 per lot |
Varied spreads based on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Traders should be aware of several other costs associated with their accounts at HFM. These include deposit and withdrawal fees, which may vary depending on the payment method used. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, platform usage fees are not applicable, making trading more straightforward. Overnight interest, or swap rates, may be incurred depending on the positions held overnight. Finally, currency conversion fees may apply when trading in currencies different from the account’s base currency.
