HFM Spreads: Fees and Real Cost by Account, Compared in Yen
HFM has six account types with different spreads and fees, so are you unsure which one has the lowest trading cost?
In short, cost changes with the account type, and for accounts with a commission you compare spread plus commission. Through an XB referral link, your real cost falls by the amount of cashback (the amount will be published at the launch in December 2026).
Based on HFM's official account page (checked on September 1, 2026), we lay out the conditions by account and the cost per lot.
Summary: Check HFM spreads account by account
- Premium starts from 1.4 pips with no commission and a minimum deposit of 0, so it is easy to start with
- Pro starts from 0.6 pips with no commission. The minimum deposit is $100
- Zero starts from 0 pips with a $6 round-turn commission for FX (per standard lot). Compare the total
- Via XB, your real cost falls by the cashback amount (to be published at launch)
HFM spreads and fees by account type
HFM has six accounts: Premium, Cent, Pro, Zero, KATANA, and Top-Up Bonus. The table below summarizes the conditions we checked officially on September 1, 2026.
| Account | Spread | Commission | Minimum deposit | Leverage |
|---|---|---|---|---|
| Premium | From 1.4 pips | None | $0／€0／¥0 | Up to 1:2000* |
| Cent | From 1.4 pips | None | $0 | Up to 1:2000* |
| Pro | From 0.6 pips | None | $100／€100／¥13,000 | Up to 1:2000* |
| Zero | From 0 pips | FX $6 round turn / standard lot | $0／€0／¥0 | Up to 1:2000* |
| KATANA | From 0.3 pips | None | $500／€430／¥80,000 | Unlimited* |
| Top-Up Bonus | From 1.4 pips | None | $0／€0／¥0 | Up to 1:1000* |
The published values are minimums shown as "from," so actual spreads may be wider. Avoid a simple comparison with other brokers' averages.
Cost per trade in yen
The spread cost is the number of pips multiplied by the value of 1 pip. For yen crosses, you can use the simple conversion of 1 pip = ¥1,000 per lot.
| Account | Spread cost (1 lot) | Commission | How to read it |
|---|---|---|---|
| Premium | From about ¥1,400 | None | A minimum value, so the actual cost is at least this |
| Pro | From about ¥600 | None | A minimum value, so the actual cost is at least this |
| Zero | From ¥0 | $6 round turn | Compare the total with the commission added |
| KATANA | From about ¥300 | None | A minimum value, so the actual cost is at least this |
| Top-Up Bonus | From about ¥1,400 | None | A minimum at the same level as Premium |
Zero has a small spread cost but charges a separate $6 round-turn commission for FX. Because it is in dollars, its yen amount changes with the exchange rate at the time of the trade.
How to think about real cost after cashback
When you open an account via XB, cashback based on trading volume is credited back to your trading account. Real cost is the total of spread and commission minus the reward amount.
The reward amount is not yet confirmed, so let us assume 1 USD per lot. If Zero's commission is $6 round turn, your commission burden after the reward is $5.
Which HFM account should you choose?
- Premium: for those using HFM for the first time
- Cent: for those who want to try small trading units
- Pro: for those who want a standard account with a certain deposit amount
- Zero: for those who want to manage costs including commission
- KATANA: for those who want to use it after checking its high-leverage terms
- Top-Up Bonus: for those who want to use a deposit bonus
Bonus-eligible accounts may have different terms from regular accounts. Check the eligible accounts, period, and withdrawal conditions before you deposit.
Steps to work out your own real cost at HFM
- 1
Check the account's spread
Look up the value for the currency pair you trade most in the official contract specifications.
- 2
Add the commission
For commission accounts such as Zero, add the round-turn commission.
- 3
Multiply by lot size
Multiply by the size of one trade to get the cost per trade as an amount.
- 4
Subtract the reward
Subtract the reward amount published after launch, then compare accounts.
Points to note when checking HFM costs
- Published spreads are minimum values and may widen at certain times of day
- Minimum deposit, commission, and leverage differ by account
- Before trading, check spread, commission, and swap in the contract specifications
- Cashback may also be taxable (confirm with a tax accountant or the tax office)
See the account type comparison, how to open an account, and the latest cashback information.
See the HFM detail pageFAQ
Q.From how many pips are HFM spreads?
The minimum by account is 1.4 pips for Premium, Cent, and Top-Up Bonus, 0.6 pips for Pro, 0.3 pips for KATANA, and 0 pips for Zero. All are shown as "from" and are floating.
Q.How much is the commission on an HFM Zero account?
The official page shows $6 round turn for FX (per standard lot). Other accounts have no trading commission. Check the latest conditions officially before opening an account.
Q.What happens to real cost if I receive cashback at HFM?
Real cost is the total of spread and commission minus the cashback amount. The amount and eligibility by account will be published at launch, so there is no confirmed figure at this time.
Sources
- HFM Official Site (checked 2026-09-01)
- HFM Trading Accounts (Official) (checked 2026-09-01)
This article is for information purposes only and is not investment advice. Conditions may change, so please check each broker's official page for the latest information. Offshore FX and CFD trading carries a risk of losses exceeding your principal.
