HFM (formerly HotForex): A comprehensive comparison of all currency pairs and average spreads by account type for FX trading.This article explains in a table format all the products available for trading in the world (stock indexes, FX, CFDs, stocks) handled by the HFM and HotForex brokers. HF Markets handles a wide range of products, and it is not just foreign exchange. They also handle cryptocurrencies, precious metals, energy, and even stocks, so it is a company that can be recommended even if you are not a foreign exchange trader. Therefore, we recommend that you open an account and start trading.
- HFM Basic Information
- Overview of HFM Spreads
- Spread Comparison Table for All Currency Pairs by Account Type
- Comparison of Spreads for All Precious Metals and Energy Products by Account Type
- Comparison of Spreads for All Commodities by Account Type
- Comparison of Stock Spreads by Account Type
- Comparison of Spreads for All Stock Indices by Account Type
- Comparison of Spreads for All Cryptocurrencies by Account Type
- HFM Spread Widening Times
- How to Check HFM Spreads
- Strategies for Reducing HFM Spreads
- HFM trading hours
HFM Basic Information
| Company Name | HF Markets（SV） Ltd. |
| Year of establishment | 2010 |
| Service Overview | A large brokerage providing services in over 180 countries worldwide with millions of registered accounts |
| Financial products handled | Foreign Exchange (FX), Stock Indices/Commodities, Stock CFDs/Cryptocurrencies |
| Trading Platform | MetaTrader 4（MT4）、MetaTrader 5（MT5） |
| Maximum Leverage | 2,000x |
| User Support | Multilingual support |
| Financial License | ✔ FCA (UK, Financial Conduct Authority) ✔ FSCA (South Africa) ✔ DFSA (Dubai) ✔ FSA (Seychelles) |
| Deposit and Withdrawal Methods | Bank transfer Credit/Debit card (VISA/Master/JCB, etc.) bitwallet / BXONE / Binance Pay / Cryptocurrency |
| Account Type | Cent Account Premium Account Pro Account Zero Account Top-up Bonus Account |
Overview of HFM Spreads
Here is an overview of HFM (HF Markets) spreads. Spreads are a crucial cost in FX and CFD trading, varying depending on your trading strategy and account type. You can easily find explanations of lot and round-trip costs on the homepage, so compare prices with other companies before selecting your preferred option. They differ from other companies in the industry, and real-time spreads tend to be wider for positions, making it somewhat difficult for market participants to make a profit.
Spread Basics
Spread:
The difference between the buy price (Ask) and the sell price (Bid).
→ This is the actual trading cost.
Narrower spreads mean lower trading costs and more profitable trading.
HFM offers spreads that vary by account type and trading instrument.
Spread Types
Floating Spread
Varies depending on market liquidity and time of day.
Most HFM accounts are this type.
Tends to narrow during periods of high liquidity (European and US markets).
Fixed Spread
May be offered with some promotional accounts.
Remains stable even during sudden market fluctuations, but averages are wider than floating spreads.
The Impact of Spreads on Trading
Narrower spreads are advantageous for short-term trading (scalping).
For long-term trading, the difference in spreads has a smaller impact.
Be cautious as spreads may widen during periods of high volatility.
Spread Comparison Table for All Currency Pairs by Account Type
Below is a list of representative spreads for currency pairs available on HFM (HF Markets). Spreads vary depending on account type and market conditions (liquidity, time of day, etc.), but they serve as a general guideline. Once you access the market, be sure to optimize your risk management.
HFM Major Currency Pair Spread Comparison Table (by Account Type, Guideline)
These are the latest (minimum) spreads. Please be aware of the following for the USD, GBP, EUR, and JPY. To get started efficiently, at the very least, familiarize yourself with the exact price movement patterns that are appropriate for your currency pair.
| Pair | Cent | Premium | Pro | Zero |
|---|---|---|---|---|
| EUR/USD | 1.2–1.4 pips | 1.2 pips | 0.9–1.0 pips | 0.1 pips |
| USD/JPY | 1.6–2.3 pips | 1.6–2.3 pips | 1.0–1.1 pips | 0.2 pips |
| GBP/USD | 2.4 pips | 2.4 pips | 0.5–0.6 pips | 0.4 pips |
| AUD/USD | 2.0 pips | 2.0 pips | 0.5–0.6 pips | 0.8 pips |
| NZD/USD | 2.4 pips | 2.4 pips | 1.5 pips | 1.0–1.8 pips |
| USD/CHF | — | — | 0.7 pips | 0.8 pips |
| EUR/JPY | — | — | 0.8–1.0 pips | 0.8 pips |
| GBP/JPY | — | — | 1.4 pips | 1.4 pips |
HFM Minor Currency Pair Spread Comparison Chart (by Account Type, Estimated)
Advanced traders have a wide range of options, so make the most of these features. The minor category offers a wide range of pairs. Other currency pairs available include:
gbpcad、nzdusd、usdhkd、usdhuf、usdsek、usddkk、eurzar、eurpln、audchf、nzdchf、cadjpy、chfjpy、cadchf、usdchf、eurgbp、eurchf..etc
| Pair | Zero | Pro | Premium | Cent |
|---|---|---|---|---|
| AUDCAD | ~0.0–0.2 pips | ~0.8–1.0 pips | ~2.0 pips | ~2.2–3.0 pips |
| AUDCHF | ~0.0–0.3 pips | ~0.8–1.0 pips | ~4.3 pips | ~2.6–4.0 pips |
| AUDJPY | ~0.0–0.2 pips | ~0.7–1.0 pips | ~2.1 pips | ~2.4–3.8 pips |
| AUDNZD | ~0.0–0.3 pips | ~1.0–1.2 pips | ~2.9 pips | ~2.9–4.0 pips |
| AUDUSD | ~0.0–0.1 pips | ~0.5–0.6 pips | ~1.6 pips | ~1.6–2.5 pips |
| CHFSGD | ~0.0–0.3 pips | ~0.8–1.2 pips | ~4.3 pips | ~3.0–5.0 pips |
| EURAUD | ~0.0–0.3 pips | ~0.8–1.2 pips | ~2.0 pips | ~2.8–3.8 pips |
| EURNZD | ~0.0–0.3 pips | ~1.0–1.5 pips | ~2.7 pips | ~3.5–5.0 pips |
| EURHUF | ？ | ？ | ~6.8 pips | ~20+ pips |
| EURPLN | ？ | ？ | ~6.8 pips | ~25+ pips |
| EURSGD | ~0.0–0.5 pips | ~1.2–1.5 pips | ~3.4 pips | ~3.5–5.0 pips |
| GBPAUD | ~0.0–0.4 pips | ~1.4–2.0 pips | ~2.9 pips | ~3.0–4.5 pips |
| GBPNZD | ~0.0–0.5 pips | ~1.5–2.5 pips | ~4.5 pips | ~4.0–6.0 pips |
| NZDCAD | ~0.0–0.3 pips | ~1.0–1.2 pips | ~2.6 pips | ~2.5–4.0 pips |
| NZDCHF | ~0.0–0.3 pips | ~1.2–1.5 pips | ~3.0 pips | ~3.0–5.0 pips |
| NZDJPY | ~0.0–0.2 pips | ~0.7–1.0 pips | ~2.1 pips | ~2.1–3.0 pips |
| NZDUSD | ~0.0–0.1 pips | ~0.5–0.8 pips | ~1.8 pips | ~1.8–2.8 pips |
| SGDJPY | ~0.0–0.4 pips | ~1.2–1.8 pips | ~3.0 pips | ~3.0–5.0 pips |
| USDSGD | ~0.0–0.6 pips | ~1.5–2.0 pips | ~5.4 pips | ~5.0–8.0 pips |
| USDTHB | ~0.0–0.3 pips | ~0.8–1.5 pips | ~1.0 pips | ~1.0–2.0 pips |
| USDZAR | ？ | ？ | ~50 pips | ~50–100+ pips |
📌 Summary
The Zero Spread Account offers extremely tight spreads and is ideal for scalping and low-cost trading (fees apply, however).
The Pro Account offers relatively tight spreads without fees and is ideal for traders who prioritize balance.
The Premium Account is ideal for beginners and offers slightly wider spreads. It can also be used in conjunction with the bonus system.
The Cent Account is ideal for demo and small-scale practice, but offers wider spreads.
Comparison of Spreads for All Precious Metals and Energy Products by Account Type
This is a “Guideline Comparison of Spreads by Account Type” for HFM (HF Markets) precious metals and energy CFDs. Spreads are constantly fluctuating and change depending on market liquidity and time of day, so please use this information only as an average guideline (although you should check real-time on MT4/MT5 or the official website).
| Pair | Cent | Premium | Pro | Zero |
|---|---|---|---|---|
| 貴金属（Metals） | ||||
| XAUUSD（金/米ドル） | 0.25 | 0.25 | 0.16 | 0.03 |
| XAUEUR（金/ユーロ） | 0.26 | 0.26 | 0.26 | 0.26 |
| XAGUSD（銀/米ドル） | – | 0.03 | 0.03 | 0.03 |
| XAGEUR（銀/ユーロ） | – | 0.03 | 0.03 | 0.03 |
| Platinum（プラチナ） | – | ~6.6 | ~6.6 | ~6.6 |
| Palladium（パラジウム） | – | ~5.4 | ~5.4 | ~5.4 |
| エネルギー（Energies） | ||||
| UKOIL.S（ブレント現物） | – | ~0.07 | ~0.07 | ~0.04 |
| USOIL.S（WTI現物） | – | ~0.11 | ~0.03 | ~0.11 |
| UKOIL / USOIL | – | ~0.07 / ~0.11 | – | – |
🔸 Precious Metals Trends
Gold (XAUUSD) offers particularly low spreads (e.g., 0.16-0.03 pips) with Pro and Zero accounts.
Silver (XAGUSD/XAGEUR) offers narrow spreads that are roughly the same across all accounts.
Platinum and palladium tend to have wider spreads among precious metals.
🔸 Energy (Crude Oil) Trends
Spot CFD spreads for Brent (UKOIL.S) and WTI (USOIL.S) are relatively narrow.
Zero accounts can often offer favorable total costs, even including fees.
Cent accounts do not offer energy trading (not available), so the comparison is essentially between Premium, Pro, and Zero.
Comparison of Spreads for All Commodities by Account Type
The following is a spread comparison table (by account type, approximate) for major commodities (commodity CFDs) at HFM (HF Markets). Commodities as CFDs are not available on Cent Accounts, but can be traded on Premium Accounts, Pro Accounts, Bonus Accounts, Zero Accounts, etc. Note that at HFM, the spreads for many commodities tend to be the same regardless of account type.
| Pair | Average Spread |
|---|---|
| Cocoa（ココア） | 10.0 pips |
| Coffee（コーヒー） | 0.99 pips |
| Copper（銅） | 0.008 pips |
| Cotton（綿花） | 0.29 pips |
| Sugar（砂糖） | 0.06 pips |
🔹 1. Common Spread Application
HFM’s commodity CFDs have the advantage that the same spreads are applied across all account types, such as Premium, Pro, Zero, and Bonus.
→ This behavior differs from FX currency pairs, where spreads vary depending on account type.
🔹 2. Copper Has Extremely Low Spreads
Copper has an average spread of 0.008 pips, making it one of the tightest commodity CFDs.
🔹 3. Sugar, Cotton, Cocoa, Coffee, etc.
Sugar is low-cost at 0.06 pips.
Coffee is approximately 0.99 pips.
Cotton is approximately 0.29 pips.
Cocoa is slightly wider than the others (approximately 10.0 pips).
Each commodity has its own unique characteristics.
Comparison of Stock Spreads by Account Type
Currently, the official HFM (HF Markets) website does not explicitly list stock CFD spreads by account type. With the following stocks available, you have plenty of options. You can invest in a variety of stocks right now. Limit your losses and aim for a monthly profit.
moderna、microchip、mcdon、msft、alibaba、teva、boeing、netflix、nvidia、uber、nike、pepsi、starbucks、jpmorgan、amex、ebay…etc
Comparison of Spreads for All Stock Indices by Account Type
The following table compares approximate spreads for HFM (HF Markets) stock indices (index CFDs) by account type. Since the official website does not provide detailed index spread information for each account type, we have compiled approximate spot CFD spreads for major stock indices based on public data and information from testing sites. Note: Spreads are variable and not real-time values; they are merely approximate averages.
| CFD | Premium | Pro | Zero |
|---|---|---|---|
| AUS200（豪200） | ~1.5 pips | ~1.5 pips | ~1.5 pips |
| FRA40（フランス40） | ~1.1 pips | ~1.1 pips | ~1.1 pips |
| GER40（ドイツ40） | ~1.4 pips | ~1.4 pips | ~1.4 pips |
| JP225（日経225） | ~9.3 pips | ~9.3 pips | ~9.3 pips |
| NL25（オランダ25） | ~0.23 pips | ~0.23 pips | ~0.23 pips |
| SPA35（スペイン35） | ~4.5 pips | ~4.5 pips | ~4.5 pips |
| SUI20（スイス20） | ~2.9 pips | ~2.9 pips | ~2.9 pips |
| UK100（英国100） | ~1.0 pips | ~1.0 pips | ~1.0 pips |
| USA100（米ナスダック100） | ~1.2 pips | ~1.2 pips | ~1.2 pips |
| USA30（ダウ30） | ~2.9 pips | ~2.9 pips | ~2.9 pips |
| USA500.S（S&P500） | ~0.4 pips | ~0.4 pips | ~0.4 pips |
📌 Spread Comparison Points
📈 ① Differences in Account Types
There are not many significant differences in CFD index spreads between Premium, Pro, and Zero accounts.
→ HFM’s official website and comparison sites often do not clearly differentiate index CFD spreads by account type.
📊 ② Example of Approximate Spreads
The S&P 500 (USA500.S) tends to be easy to trade with low spreads (approximately 0.4 pips).
The Nikkei 225 (JP225) has a relatively wide spread (approximately 9.3 pips).
📉 ③ Spreads are Variable
HFM employs variable spreads, which may temporarily widen during market liquidity or the release of important indicators.
🧠 ④ Trading Fees
Stock index CFDs generally do not incur any additional fees other than the spread, but slight differences may occur depending on the platform.
→ Please check the account specifications and contract documents for details.
Comparison of Spreads for All Cryptocurrencies by Account Type
The following is a rough guide to spreads by account type when trading cryptocurrencies (crypto assets/crypto CFDs) at HFM (HFMarkets). Since HFM primarily trades cryptocurrencies through its crypto account (crypto CFD account), the spreads are organized based on the spread trends within the same account. Please note that spreads are variable, so real-time values must be viewed using MT4/MT5.
| Pair | Crypt | Pro Zero | Premium |
|---|---|---|---|
| BTC/USD（ビットコイン/米ドル） | 約36 pips | ★狭め目安（例：25–35ドル相当） | ★広め目安（例：45ドル相当） |
| ETH/USD（イーサ/米ドル） | 約3.6 pips | ★例：3.1–3.6 | ★やや広め |
| BNB/USD | 約0.1 | 約0.1 | 同等 |
| ADA/USD | 約0.0007 | 約0.0007 | 同等 |
| XRP/USD | 約0.014 | 約0.014 | 同等 |
| SOL/USD | 約0.2 | 約0.2 | 同等 |
| DOT/USD | 約0.3 | 約0.3 | 同等 |
| LTC/USD | 約2.3 | 約2.3 | 同等 |
📌 Explanation and Key Points
🔹 Cryptocurrencies are primarily traded through crypto accounts.
HFM offers cryptocurrency CFDs through its crypto account (Crypto CFD), offering a wide range of instruments, including BTC, ETH, BNB, ADA, and XRP. Because the system operates year-round, participants can participate at any time, even during the New Year holidays and Obon holidays. Trading at beginner, intermediate, and advanced levels is possible.
🔹 Differences in Spreads by Account Type
Since there is no official list of cryptocurrency CFD spreads for each account type, you will need to check the platform for actual comparisons.
However, there are reports that, as a general trend, Pro/Zero accounts tend to have slightly narrower spreads (e.g., Bitcoin).
🔹 Spread Characteristics
Cryptocurrencies have wider spreads than FX currency pairs (e.g., BTC/USD is approximately $30-$40).
Spreads vary greatly depending on the stock, so it is important to check real-time prices before trading.
HFM Spread Widening Times
HFM (HF Markets) uses a variable spread system, which means spreads tend to widen depending on the time of day and market conditions. Below are specific times and reasons for the widening.
Immediately after market opening and before market closing
Tokyo market opening (around 9:00 AM JST)
→ Due to insufficient liquidity, spreads may widen slightly, especially for major currency pairs during Asian trading hours, such as USD/JPY.
London market opening and closing (opens around 4:00 PM JST, closes around midnight)
→ European currency pairs (EUR/USD, GBP/USD, etc.) are the most traded, but liquidity is unstable immediately after opening and before closing, causing spreads to widen.
New York market opening and closing (opens at 10:30 PM JST, closes at 5:00 AM the next day)
→ USD-based currency pairs and cross yen tend to move actively, but spreads tend to widen especially at closing time.
Economic Indicator Releases
Spreads widen significantly around the release of important indicators, such as the US Employment Report (NFP), the FOMC, and the ECB interest rate announcement, due to increased risk of currency fluctuations.
Brokers often widen spreads before the announcement to avoid risk, sometimes by approximately 2-3x.
Low Liquidity Times
Friday nights before the weekend or early mornings at the start of the week
→ Trading is low, especially for yen crosses and minor currency pairs, and spreads may widen.
When major markets are closed
→ Liquidity decreases, and spreads may be at their largest.
Characteristics of Cryptocurrency CFDs
Cryptocurrencies are tradeable 24 hours a day, 365 days a year, but spreads may widen late at night or during times of low liquidity.
BTC/USD and ETH/USD spreads narrow during times of high liquidity (active European and American markets).
How to Check HFM Spreads
There are several ways to check HFM (HF Markets) spreads. It’s important to understand the variable spreads in real time. We’ve outlined specific methods below.
1️⃣ How to Check on MT4/MT5
HFM is compatible with MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing you to directly check the spreads of most currency pairs, CFDs, and cryptocurrencies.
Procedure (PC version)
Launch MT4/MT5
Open “Market Watch”
Right-click the currency pair or CFD you want to check → “View Chart”
Check the difference between the bid (selling price) and ask (buying price) at the top of the chart screen or on the toolbar.
This difference is the spread.
It fluctuates depending on the time of day and liquidity, so you can check it in real time.
⚠️ Note: HFM spreads are variable, so they fluctuate depending on the time of day and news.
2️⃣ Check on the HFM official website
The HFM official website has a spread guideline table.
Menu → “Trading Products” → “Spread Information”
You can check the guideline spreads for major and minor currency pairs, precious metals, energy, stock indices, and more.
Please note that the spreads on the official website are guideline only and not real-time.
Link example:
3️⃣ Check with a Demo Account
By opening an HFM demo account, you can practice trading while checking real-time spreads.
Spreads in demo accounts reflect variable spreads similar to those in live accounts.
To open a demo account:
“Open a Demo Account” on the HFM official website.
Log in to MT4/MT5.
Check spreads using the market price display.
4️⃣ Spread Notifications and Extension Tools
You can add spread indicators (free and paid) to MT4/MT5.
This allows you to graph and monitor spread fluctuations in real time.
Strategies for Reducing HFM Spreads
HFM (HF Markets) spreads are variable, so to reduce trading costs, you need to pay attention to the time of day, currency pair, and trading style. Below are some specific strategies for reducing spreads.
1️⃣ Choose your trading time
Spreads fluctuate depending on market liquidity. Avoiding times when spreads are likely to be wide can help reduce costs.
Times when spreads are narrow
Overlap times between London and New York markets (10:30 PM JST to 3:00 AM JST)
→ Major currency pairs such as EUR/USD and GBP/USD have high liquidity and narrowest spreads.
Immediately after the European market opens (4:00 PM to 6:00 PM JST)
→ Liquidity increases, and spreads stabilize quickly.
Times to avoid
Immediately after the market opens/before the market closes
Around the release of economic indicators (US employment statistics, FOMC, ECB policy rates, etc.)
Late nights and weekends when liquidity is low
2️⃣ Choose currency pairs and stocks with high liquidity
Major currency pairs (EUR/USD, USD/JPY, GBP/USD) have narrow spreads
Minor and exotic currency pairs tend to have wider spreads
Trade CFDs and cryptocurrencies during times of high liquidity
⚠️ Example: USDZAR and EURHUF always have wider spreads
3️⃣ Choose your account type
Spread trends vary depending on your HFM account type.
| 口座タイプ | スプレッド傾向 | 特徴 |
|---|---|---|
| ゼロ口座 | FX通貨ペア・貴金属で最狭 | 取引手数料が別途発生 |
| プロ口座 | 比較的狭め | 手数料なしでスプレッドは狭い |
| プレミアム口座 | 標準 | スプレッドは広め、手数料なし |
| セント口座 | 広め | 少額トレード用 |
⚠️ It is important to compare total costs (zero accounts are judged including fees)
4️⃣ Precautions for Scalping and Short-Term Trading
HFM allows scalping, but short-term trading during times when spreads are wide increases costs.
Limit scalping to times when liquidity is high and spreads are narrow.
5️⃣ Choose indices and CFDs with stable spreads.
Stock index CFDs and commodity CFDs also have narrower spreads if you choose major stocks with high liquidity.
Cryptocurrencies fluctuate 24 hours a day, so trade during times when the European and US markets are active.
6️⃣ Monitor in real time with tools.
Use MT4/MT5 spread monitoring indicators.
Avoid times when spreads widen in real time.
Automatic notifications can also be set up in conjunction with economic indicators and market news.
7️⃣ Summary: Basic Strategies for Reducing Spreads
Trade During High Liquidity Hours
Prioritize Major Currency Pairs and Key Stocks
Choose Your Account Type Based on Total Cost (Zero Accounts Include Fees)
Avoid Trading Immediately Before Economic Indicators or Announcements
Check Spreads in Real Time with Spread Monitoring Tools
HFM trading hours
The actual trading hours vary depending on the stock. The server is also configured accordingly. Investors should always check market times. Transaction costs are also different. Economic indicators require the most attention, as they can cause big losses in real time in the market. Basically, people who use automatic trading (EA) tools should stop using these tools.
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