HFM (HF Markets) review

HFM fees and charges, in full

HFM's cost structure splits by account type. Premium and Cent carry no commission and recover the cost in the spread; Zero Spread advertises from 0.0 pips and charges a commission instead. All accounts are swap-free, which is unusual and genuinely valuable for anyone holding positions for more than a day.

We opened a funded Premium account and measured EUR/USD at 2.7 pips during the London session on 7 September 2026, against a published 1.4. That is close to double, and it is the single most important number on this page. It does not make HFM dishonest, because floating spreads widen and a published figure is a floor rather than an average. It does mean anyone choosing HFM on the 1.4 headline should plan around roughly twice that.

Swap-free on every account

Most brokers charge overnight financing and treat swap-free as a special account you apply for. HFM applies it across the board. For a swing trader holding positions for days or weeks that removes an entire recurring cost, and on a pair with heavily negative swap elsewhere it can be worth more than the spread difference. This is the strongest genuine advantage HFM has, and it is the one least mentioned in its own marketing.

Deposits, withdrawals and the $0 entry

HFM states it charges no deposit or withdrawal fees on its own side; your bank or payment processor may still charge. We timed a crypto withdrawal at 2 to 3 hours from a funded account on 7 September 2026.

The $0 minimum on Premium and Cent is not a gimmick. Combined with cent-sized lots it means a genuinely small account can size positions correctly instead of being pushed into trades that are too large for the balance, which is the most common way a small account dies in its first month.

Dormancy

HFM does not publish a clear dormant-account fee that we could verify. We are not going to invent a number. Check the current terms in your client area before leaving a funded account idle, and treat the absence of a published figure as a reason to ask rather than a guarantee that none exists.

Regulation: read which entity holds your account

HFM operates through multiple entities with different regulators. The licence in a website footer is not necessarily the one that onboards you, and the difference decides whether you have negative balance protection, segregated client funds and access to a compensation scheme. This is not specific to HFM, it is how almost every multi-entity broker works, and it is the question most retail traders never ask. See tier-one regulation and segregated client funds for what the difference actually buys.

Who HFM suits, and who it does not

It suits a trader with a small balance who holds positions for more than a day: the $0 entry, cent lots and blanket swap-free policy form a coherent package for that profile. It does not suit a scalper, because a measured 2.7-pip spread on Premium is far too wide for small targets, and the Zero Spread account should be compared on spread plus commission rather than on the 0.0 headline. It is also unavailable to US residents.

Price your own trade size on the position size calculator, then compare the all-in cost against XM, where we measured 2.0 pips on a Standard account.