What are the rules for swap point conversion and time for FX currency pair trading on popular accounts at HFM (Markets) and HotForex? We’ve compiled a list. Swap points are likely a major concern for long-term traders. We’ll explain everything from swap points to how to calculate them, so we hope you’ll find it useful.
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 |
Basics of HFM Swap Points
Below, we’ll explain the basics of HFM (formerly HotForex) swap points in an easy-to-understand manner, even for beginners. Since HFM offers high leverage and somewhat wide spreads, please refer to the homepage for details. You can also compare the maximum swaps for specific tools. If you have any questions, you can log in and contact support. Be sure to investigate your losses before trading.
① What are swap points?
Swap points are
👉 interest adjustments that arise due to the interest rate differential between two currencies.
Buying a high-interest currency and selling a low-interest currency → Positive swap
Buying a low-interest currency and selling a high-interest currency → Negative swap
With HFM, swaps occur when positions are carried over to the next day (rollover).
② When swaps occur
With HFM, swaps are recorded at the following times:
Around 7:00 AM JST (around 6:00 AM DST)
Positions held for more than one day are automatically added/deducted.
📌 Wednesday → Thursday carryover is a three-day swap (triple swap).
*This is to accommodate weekend (Saturday and Sunday) swaps.
③ Positive and Negative Swaps
| 種類 | 内容 |
|---|---|
| プラススワップ | 保有するだけで利益が増える |
| マイナススワップ | 保有するだけでコストがかかる |
👉 For many currency pairs, both the buy and sell sides can be negative.
④ Features of HFM Swaps
✔ Relatively stable swaps
Less extreme swap fluctuations compared to other overseas FX brokers
Easy to use for long-term traders
✔ Varies by currency pair and product
FX Currency Pairs
Gold (XAUUSD)
Stock Indices, Crude Oil, Cryptocurrencies
👉 Swap availability and size vary by product
⑤ How to Check Swap Points (HFM)
Method 1: Check with MT4/MT5
Right-click on the product in the Market Watch window
Select “Specifications”
Check Swap Long/Swap Short
Method 2: HFM Official Website
You can check the Trading Conditions and Product Specifications page
HFM Swap Point Accrual Time
Here’s a clear explanation of when swap points (overnight interest) are earned and collected on HFM (formerly HotForex). 👇
⏰ 1. Daily Accrual Timing
HFM generates swap points at the time the server time crosses “00:00 (24:00).”
This means that swaps are earned (or deducted) when a position is held over a day.
🕐 Accrual Time in Japan Time
According to official HFM information and Japanese-language sources, the timing of swap accrual changes in Japan time as follows:
| 期間 | 発生時間（日本時間） |
|---|---|
| 冬時間（10月最終日曜〜3月最終日曜） | 約 午前7:00頃 |
| 夏時間（3月最終日曜〜10月最終日曜） | 約 午前6:00頃 |
📌 Additional Information: Why does the time change?
HFM’s server time is European time (GMT-based),
Winter: GMT+2
Summer: GMT+3
So the time will change when converted to Japan time.
📅 2. Wednesday “Triple Swap”
Normally, one day’s worth of swap is granted, but
If you hold a position on Wednesday (around Thursday morning Japan time), three days’ worth of swap will be granted at once.
→ This is to adjust for weekend swaps.
*Depending on the eligible stock, “Friday/pre-weekend swaps” may be tripled, but this varies by stock category.
🛠 How it works
If you hold a position past 00:00 server time, you’re eligible.
For example, if you hold a position at 7:00 AM / 6:00 AM Japan time,
→ Swaps will be granted and collected.
Swap Points for All Currency Pairs
Below is an example of the swap points (long/short) for major FX currency pairs on HFM (formerly HotForex).
*Swap values fluctuate daily and may change depending on international interest rates and HFM terms. Please check the actual values in MT4/MT5 or other instrument specifications.
Available currencies include the US dollar, euro, Japanese yen, Australian dollar, British pound, Swiss franc, Canadian dollar, Mexican peso, Turkish lira, and South African rand. Customers have a wide variety of types and combinations, from major to minor, including dollar/yen. Other options include the following:
nzdusd、nzdcad、usdchf、gbpusd、nzdjpy、usdcad、usdjpy..etc
| 通貨ペア | ロング（買い） | ショート（売り） |
|---|---|---|
| AUDCAD | 0 | -679円前後 |
| AUDCHF | 0 | -1,399円前後 |
| AUDJPY | 0 | -1,380円前後 |
| AUDNZD | -26円 | -649円 |
| AUDSGD | -11円 | -1,084円 |
| AUDUSD | -421円 | -586円 |
| CADCHF | 0 | -964円 |
| CADJPY | 0 | -950円 |
| CHFJPY | -740円 | -360円 |
| CHFSGD | -1,853円 | -547円 |
| EURAUD | -1,305円 | 0 |
| EURCAD | -507円 | -420円 |
| EURCHF | 0 | -1,815円 |
| EURGBP | -1,521円 | 0 |
| EURHUF | -3,870円 | 0 |
| EURJPY | 0 | -1,760円 |
| EURNOK | -1,803円 | -320円 |
| EURNZD | -755円 | -289円 |
| EURPLN | -1,987円 | -12円 |
| EURSGD | -746円 | -1,352円 |
| EURUSD | -1,354円 | 0 |
| EURZAR | -3,497円 | 0 |
| GBPAUD | -527円 | -787円 |
| GBPCAD | 0 | -1,564円 |
| GBPCHF | 0 | -3,196円 |
| GBPJPY | 0 | -3,130円 |
📌 Common Points to Note
🔹 1. Swaps fluctuate daily.
The list is for reference only, as they are subject to changes in interest rates, central bank policies, and liquidity.
For the latest values, please refer to the MT4/MT5 Specifications.
🔹 2. Wednesdays are for 3 days.
Wednesdays are usually granted for 3 days at a time (weekend adjustments apply).
→ Keep this in mind when calculating the cost of long-term holdings.
🔹 3. Depending on the currency pair, both long and short positions may be negative.
For some pairs, if the interest rate differential is in the opposite direction, both positions will incur a cost.
🔹 4. Swap-free (Islamic) accounts do not incur interest.
HFM also offers swap-free accounts, which may allow you to avoid interest accrual, but certain conditions apply.
All Swap Points for Precious Metals and Energy
Below is a list of typical swap points (in points) for “Precious Metals & Energy (Crude Oil)” offered by HFM (HotForex/HF Markets).
*Swap values may fluctuate daily, so we strongly recommend checking the “Specifications” for your MT4/MT5 system for the latest information.
📌 Precious Metals Swap Points
| 銘柄 | 売り（Short） | 買い（Long） | 備考 |
|---|---|---|---|
| XAUUSD（ゴールド/米ドル） | 0.0 | −73.95 | 買いに対してマイナス |
| XAUEUR（ゴールド/ユーロ） | 0.0 | −44.67 | 買いに対してマイナス |
| XAGUSD（シルバー/米ドル） | 0.0 | −28.7 | 買いに対してマイナス |
| XAGEUR（シルバー/ユーロ） | −3.8 | −14.0 | 売り・買いともマイナス |
| Platinum（プラチナ） | −0.5 | −1.5 | 売り・買いともマイナス |
| Palladium（パラジウム） | −0.54 | −1.61 | 売り・買いともマイナス |
📌 Energy Swap Points
HFM’s official website does not directly publish energy (crude oil, etc.) swap values on the precious metals page, but external sources have reported the following examples (sometimes divided into spot and futures):
| 銘柄 | 売り（Short） | 買い（Long） | 備考 |
|---|---|---|---|
| USOIL（米原油 先物） | −0.87 | 0 | 先物の例（ポイント） |
| UKOIL（英ブレント 先物） | −0.87 | 0 | 先物の例 |
| USOIL.S（米原油 現物） | −0.95 | −0.45 | 現物の例 |
| UKOIL.S（英ブレント 現物） | −1.67 | −0.2 | 現物の例 |
📌 Important Notes (Regarding HFM Swap Display)
🔹 ① Swap Value Units
The above swaps are displayed in points (depending on MT4/MT5 specifications).
1 point = 0.1–1 pip. This varies by security, so be sure to check the “Specifications” section.
🔹 ② Swaps Fluctuate Daily
Swaps fluctuate based on market interest rates and central bank policies.
The value may change daily even for the same security.
🔹 ③ Impact of Swap-Free Accounts
HFM offers swap-free systems (e.g., Islamic accounts) upon request.
→ No swaps will be incurred while these systems are in effect (conditions apply).
🔹 ④ Notes for Long-Term Holdings
During Wednesday rollovers, a 3-day swap may be incurred (same rules as regular accounts).
→ Please take this into account when estimating costs.
All Swap Points for Stocks and Stock Indices
Below is a list of typical swap points (overnight interest rates) for stock indices and major stock CFDs available on HFM (formerly HotForex).
*Swap values vary depending on the platform, account conditions, and market conditions, so please be sure to check the latest values in the MT4/MT5 “Specifications.”
📉 Stock Index Swap Points (Example, Points Displayed)
| 銘柄 | ロング（Long） | ショート（Short) | 備考 |
|---|---|---|---|
| AUS200（Australian 200） | -1.5 | +0.25 | 一般的に売りがプラス較的稼げやすい傾向 |
| FRA40（France 40） | -1.32 | +0.14 | 細かいマイナス・プラスあり |
| GER40（Germany 40） | -2.89 | +0.32 | マイナスが大きめなケース |
| JPN225（Japan 225） | -2.11 | -2.28 | 両方向マイナスの例 |
| NETH25 | -0.85 | +0.01 | 売りがほぼゼロ水準 |
| SPA35（Spain 35） | -1.67 | +0.18 | 売りで小幅プラスあり |
| SUI20 | -1.37 | -0.5 | 両方向マイナス |
| UK100 | -1.71 | +0.33 | 売り側プラス例 |
| USA100（US Tech 100） | -3.47 | +0.81 | NASDAQ 100 系指数 |
| USA30（US Wall Street 30） | -8.41 | +1.97 | Dow ジョーンズ系指数 |
| USA500.S（US SPX500） | -1.05 | +0.24 | S&P 500 系指数 |
📌 Futures Stock Index (F Series)
Many cases have zero swap (0 for both long and short positions) officially published.
| 先物銘柄 | ロング | ショート |
|---|---|---|
| JP225.F | 0.0 | 0.0 |
| US100.F | 0.0 | 0.0 |
| US30.F | 0.0 | 0.0 |
| UK100.F | 0.0 | 0.0 |
| EU50.F | 0.0 | 0.0 |
| N25.F | 0.0 | 0.0 |
| FRA40.F | 0.0 | 0.0 |
| GER40.F | 0.0 | 0.0 |
| SUI20.F | 0.0 | 0.0 |
| US500.F | 0.0 | 0.0 |
※F 系列は先物ベースCFDで、日々の金利調整がゼロになる例が多いです。
📈 Swap Points for Individual Stock CFDs (Example)
HFM also offers swap points for individual stocks on MT4/MT5 (example values).
Stock Example (MT4)
| 銘柄 | ロング（Long） | ショート（Short） |
|---|---|---|
| AMAZON | -9.07 | +1.57 |
| APPLE | -9.07 | +1.57 |
| ADOBE | -9.07 | +1.57 |
| CISCO | -9.07 | +1.57 |
| ALIBABA | -9.07 | +1.57 |
| AIRBUS.K | -7.65 | +0.15 |
| Allianz.K | -7.65 | +0.15 |
| BMW.K | -7.65 | +0.15 |
| Chevron | -9.07 | +1.57 |
| Boeing | -9.07 | +1.57 |
*The numbers are shown as an example of points, and swaps fluctuate daily.
🧠 HFM Stock/Index Swap Points
📌 Stock index CFDs may have different swaps for each index (short positions tend to be positive, while long positions tend to be negative).
📌 Futures indexes often have zero swaps (less cost adjustments are possible).
📌 For major individual stocks, negative (long) and positive (short) swaps are common.
📌 All values are displayed in points denominated in the margin currency. To calculate the actual currency value, you need to multiply the contract size by the exchange rate.
All Cryptocurrency Swap Points
Below is a list of HFM (formerly HotForex) CFD swap values (displayed in points/%).
Note: These values are listed on the official “Cryptocurrency Contract Specifications” page, and are generally negative (cost) for both short and long positions. Please calculate the actual amount based on the lot size and contract size.
| シンボル | 説明 | Short（％） | Long（％） |
|---|---|---|---|
| #BTCUSDr | Bitcoin vs USD | -4.0 | -8.0 |
| #ETHUSDr | Ethereum vs USD | -4.0 | -8.0 |
| #XRPUSDr | Ripple vs USD | -4.0 | -8.0 |
| #ADAUSDr | Cardano vs USD | -10.0 | -10.0 |
| #BNBUSDr | BNB vs USD | -10.0 | -10.0 |
| #BCHUSDr | Bitcoin Cash vs USD | -10.0 | -10.0 |
| #LTCUSDr | Litecoin vs USD | -10.0 | -10.0 |
| #SOLUSDr | Solana vs USD | -10.0 | -10.0 |
| #DOTUSDr | Polkadot vs USD | -10.0 | -10.0 |
| #AVAXUSDr | Avalanche vs USD | -10.0 | -10.0 |
| #UNIUSDr | Uniswap vs USD | -10.0 | -10.0 |
| #XLMUSDr | Stellar Lumens vs USD | -10.0 | -10.0 |
| #TRXUSDr | Tron vs USD | -10.0 | -10.0 |
| #AAVEUSDr | Aave vs USD | -10.0 | -10.0 |
| #ICPUSDr | Internet Computer vs USD | -10.0 | -10.0 |
| #FETUSDr | Fetch vs USD | -10.0 | -10.0 |
📊 Other cryptocurrency pairs (non-USD based)
| シンボル | 説明 | Short | Long |
|---|---|---|---|
| #ATOMUSD | Cosmos vs USD | -10.0 | -10.0 |
| #ALGOUSD | Algorand vs USD | -10.0 | -10.0 |
| #DOGEUSD | Dogecoin vs USD | -10.0 | -10.0 |
| #IOTAUSD | IOTA vs USD | -10.0 | -10.0 |
| #GRTUSD | The Graph vs USD | -10.0 | -10.0 |
| #HBARUSD | Hedera vs USD | -10.0 | -10.0 |
| #FLOWUSD | Flow vs USD | -10.0 | -10.0 |
| #CRVUSD | Curve vs USD | -10.0 | -10.0 |
| #IMXUSD | Immutable X vs USD | -10.0 | -10.0 |
| #SANDUSD | The Sandbox vs USD | -10.0 | -10.0 |
| #THETAUSD | Theta Network vs USD | -10.0 | -10.0 |
| #NEOUSD | Neo vs USD | -10.0 | -10.0 |
| #SHIBUSD | Shiba Inu vs USD | -10.0 | -10.0 |
| #VETUSD | VeChain vs USD | -10.0 | -10.0 |
| #XTZUSD | Tezos vs USD | -10.0 | -10.0 |
| #FILUSD | Filecoin vs USD | -10.0 | -10.0 |
| #APTUSD | Aptos vs USD | -10.0 | -10.0 |
Advantages and Disadvantages of HFM Swap Points
Below, we will clearly explain the advantages and disadvantages of HFM (formerly HotForex) swap points (holding costs/interest adjustments) from a wide range of perspectives, including FX, precious metals, indices, and cryptocurrencies.
✅ Advantages of Swap Points
1) Holding costs are clear.
HFM displays swap points in MT4/MT5 format.
→ You can understand carryover costs in advance.
→ Easily plan capital management and long-term strategies.
2) Positive swaps can sometimes be profitable (limited).
Depending on the currency pair and position direction, some stocks may be eligible for positive swaps (receive).
Example: “Short” positions on some stock index CFDs.
→ An opportunity to earn profits simply by holding.
3) 3-day lump-sum grants on Wednesdays allow for strategic planning.
HFM customarily grants and deducts swaps for 3 days at a time on Wednesdays.
→ Easily calculate the cost of long-term swing trading.
→ By increasing the number of days by three, it may be easier to incorporate profit-side strategies (such as selling even with indexes).
4) Cost-saving with a swap-free account (Islamic account)
If you wish to avoid swaps for religious reasons, you can apply for a swap-free account.
→ Costs can be reduced even with long-term positions.
5) Risk management becomes second nature.
By considering swaps,
→ Short-term and long-term trading decisions become clearer.
→ It becomes easier to avoid the risk of unexpected overnight positions.
→ Cost awareness is more likely to be reflected in trading strategies.
❌ Disadvantages of Swap Points
1) Holding costs are likely to occur.
Many FX pairs, precious metals, and cryptocurrencies incur negative swaps (payments).
→ Long-term holdings can significantly increase swap costs.
The following tend to be particularly costly:
Cryptocurrencies (many, such as BTC/ETH, are negative in both directions)
Precious metals (such as buying gold, have high costs)
2) Changes daily due to market interest rate fluctuations
Swap values fluctuate depending on each country’s interest rates and market conditions.
→ Swap costs change daily, making calculations somewhat complicated.
→ Long-term profit forecasts may be affected.
3) Risk of a three-day loss on Wednesday.
The Wednesday rollover, when three days’ worth of assets are deducted at once, can be a significant cost burden.
→ Holding positions over the weekend may result in unexpectedly high costs.
→ Swing traders should exercise caution.
4) Over-reliance on Swaps is Dangerous
While a “swap-based” strategy is theoretically possible,
→ The risk of losing trades and price fluctuations is overwhelmingly greater.
→ Overconfidence in swap profits is dangerous.
5) Swap specifications can be difficult to read.
Cryptocurrencies and CFDs
→ Points and currency displays are mixed.
→ Actual cost calculations are somewhat complicated.
→ Understanding MT4/MT5 specifications is required.
📌 Tip: How to incorporate swaps into your strategy.
✅ Look for stocks with positive swaps.
Selling some indexes and pairs.
→ Long-term strategies offer room for shifting costs toward gains.
✅ Use a Swap-Free Account.
Reducing the Cost of Long-Term Positions.
→ Gold/Cryptocurrency Long-Term Holding Strategy.
✅ Utilize Vest Timing.
Consider swaps for three days on Wednesdays and off-peak times.
→ Optimize costs by position time.
📌 Summary (Vital Points)
Advantages
✔ Swaps are clearly displayed, making management easy.
✔ Some swaps are positive.
✔ Three-day credits allow for easy planning.
✔ Swap-free options available.
Disadvantages
❌ Often incurs negative swap charges.
❌ Varies daily due to interest rate fluctuations.
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