See the swap for buy and sell positions on each HFM account, in US dollars.
Checked on 9 October 2026
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This comparison follows HFM's general offer list, and instruments outside that list show Outside the general offer when you open the row. HFM confirms whether the offer applies to your trading account. These figures cover swap only: the article explains carry charges, other fees and charges for past trades, and Sharia-compliant accounts follow separate conditions.
General offer and rollover policy (opens in a new tab) · HFM swap-free conditions (opens in a new tab)
- Switch accountsSelect Premium, Pro, Zero or Unlimited at the top.
- Adjust the lot sizeUse the “−” and “＋” buttons to set your size.
- Search the listUse the drop-down menu or the search box to find a market.
- View the breakdownTap a row to see one rollover, the triple swap day and 30 days.
Where the figures come from, and how we work them out:
Data sources and how the figures are worked out
Where the figures come from
We read each instrument’s swap rate, calculation method and contract size from four live MT5 accounts with HF Markets (SV) Ltd. The four accounts hold swap-free status, and their instrument settings still carry the normal rates, so the tool can show both cases.
HFM changes its swap rates about once a week, and our broker changes page lists the larger changes with their dates.
How the amounts are worked out
The tool averages the samples from the past 24 hours that carry a usable rate. From that rate, it works out the amount for your lot size in US dollars. A minus amount is taken from your trading account, and a plus amount is paid to you. Where a 24-hour average is unavailable, the tool uses the latest sample, and the row reads latest sampled rate.
The result is the amount for one rollover at the standard rate. On the triple swap day, the amount is three times as large. The 30-day estimate scales the weekly schedule to 30 days at today’s rate. Your own dates and any holidays change the real figure.
Labels and times
- Conditional swap-free
- The instrument is in HFM’s swap-free offer, so the swap is $0.00 as long as your trading account has swap-free status.
- Without swap-free
- The normal swap. You pay this amount if HFM removes the swap-free status.
- Outside the general offer
- The instrument is not in HFM’s swap-free offer, so you pay the normal swap.
- Check HFM’s offer list
- The tool could not match the instrument name to HFM’s list. Compare the name with the 43 instruments under Which Instruments Are Swap-Free at HFM?
- Unconfirmed
- The tool could not work out a US dollar amount for that side. Rate details gives the reason and the data it holds.
- $0.00
- A calculated result of zero.
- Data received
- When the selected account last sent data. Rate details measures each instrument’s rate age from its last usable sample.
- Rollover schedule
- The instrument’s multiplier for each day of the week, in server time, inside Rate details.
All times are UTC.
What the tool covers
The tool covers swaps only. Carry Charges, HFM’s additional fees and charges on past trades are explained under Can HFM Charge Fees on a Swap-Free Account? on this page. The HFM spread and commission page compares the spreads and commissions.
HFM’s published pages on rollover and swap-free trading checked on 9 October 2026. Clause 25 of the HF Markets (SV) Ltd Client Agreement checked on 16 September 2026.
Contents
What Does a Night of Swap Cost at HFM?
On gold and the major currency pairs, a night of swap at HFM usually costs nothing. HFM’s Premium, Pro, Zero and Unlimited accounts are swap-free on 43 instruments, and gold is one of them.
That matters because the normal swap on gold is large. Without swap-free status, a 1-lot gold buy position pays about $75 for one night.
Opening and closing the same trade on the Unlimited account costs about $9 in spread. So one night of swap costs about eight times the spread, and for traders who hold gold buys overnight, the swap is the biggest cost of the trade.
1 lot held for 1 night
| With swap-free status | Normal swap | |
|---|---|---|
| Gold, buy position | No swap | Pays $75.43 |
| Gold, sell position | No swap | No swap |
| EURUSD, buy position | No swap | Pays $8.07 |
| Silver, buy position | Pays $27.90 | Pays $27.90 |
The table also shows two exceptions. A gold sell position pays no swap even without the offer, so the offer only saves money when you buy. Silver is not in the offer, so a silver buy pays the normal swap every night.
Wednesday costs more, because HFM charges three nights of swap on Wednesday night. Without swap-free status, a gold buy held over Wednesday night pays about $226, and a full week comes to about $528.
Swap rates change every day. The tool at the top of this page shows the current amount for each instrument.
If you buy gold and keep the position open for several days, swap-free status saves you more money than your choice of HFM account. A week of normal swap on 1 lot is far more than the difference in spread between the HFM accounts.
The swap is almost the same on all four accounts, so the spread decides which account costs less. For gold, Unlimited is the cheapest HFM account.
The offer also has limits. HFM can remove swap-free status at any time, and a position held for more than a calendar month can carry extra fees. So the offer suits trades that last days or weeks, not months.
Which Instruments Are Swap-Free at HFM?
HFM’s swap-free offer covers 43 instruments: 27 currency pairs, two gold symbols, 13 stock market indices and US crude oil.
The offer is open to every HFM client, whatever their religion, so you can trade gold without swap on an ordinary trading account. HFM: swap-free trading (opens in a new tab)
Forex
Currency pairs27
Including EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD and USDCHF.
Gold
XAUUSD
XAUEUR
Stock market indices
Stock indices12
US Dollar Index (USDIndex)1
AUS200, FRA40, GER40, HK50, JPN225, NETH25, SPA35, SUI20, UK100, USA100, USA30 and USA500.
Oil
USOIL.S
Silver, Bitcoin and XAUUSD247 are missing from the list. XAUUSD247 is the HFM gold symbol that trades every day. On XAUUSD247, silver and Bitcoin, you pay the normal swap every night. HFM: rollover policy (opens in a new tab)
Oil needs one more check. On the Premium, Pro and Zero accounts, the offer covers USOIL.S, and USOIL pays the normal swap. So for oil without swap, open the position on USOIL.S. On the Unlimited account, the oil symbol in the offer appears as USOIL in the tool.
How long does the swap-free status last?
HFM does not give a number. Its page says the status lasts for “a certain number of days”, and HFM watches the trading history on these instruments and can remove the status when it decides to.
HFM also says that the usual approach is to trade mostly within the day and to hold few positions overnight. So the offer works best for short holds. A position held for more than one calendar month can carry extra fees under HFM’s client agreement.
Which HFM accounts have swap-free status?
The Premium, Pro, Zero and Unlimited accounts all have swap-free status. In some countries, Unlimited has another name, such as InfinityX in India and KATANA in Japan.
HFM’s account comparison also lists swap-free status for the Cent account, which trades forex and gold. The Top-up Bonus account has no swap-free status, so it pays the normal swap. For any other account type, check the account page on HFM’s website.
HFM’s account pages: Premium (opens in a new tab), Pro (opens in a new tab), Zero (opens in a new tab), Unlimited (opens in a new tab) and Cent (opens in a new tab).
In MT5, each account has its own gold symbol: XAUUSD on Premium, XAUUSDr on Pro, XAUUSDb on Zero and XAUUSDx on Unlimited. The tool shows all four in the XAUUSD row.
To compare HFM’s offer with the swap-free terms at other brokers, see our swap-free forex brokers page.
Can HFM Charge Fees on a Swap-Free Account?
Yes. Swap-free status at HFM comes with conditions, and HFM can change it. The rules are in clause 25 of the HF Markets (SV) Ltd client agreement. If your trading account is with another HFM company, that company’s agreement applies. HFM SV Client Agreement, clause 25 (PDF) (opens in a new tab)
Under that clause, HFM can do the following.
- Remove the swap-free status from a trading account or an instrument at any time, without notice. From then on, you pay the normal swap.
- Charge the swap, or a similar fee, for past nights on a position that HFM considers held too long.
- Charge the swap and fees on past trades if HFM finds that the offer was used to avoid the swap. In that case, HFM can also close the trading accounts and take back the profits.
- Add other fees without notice. The fee schedule is under Fees in your HFM Client Area.
- Charge extra fees on ex-dividend dates for stock market indices and shares, and on positions held for more than one calendar month.
For a trade that lasts a few days, the first rule matters most. If HFM removes the status, you pay the normal swap from that night, and the tool’s Without swap-free amount shows what that costs. If a swap charge then appears on your statement, check which nights the charge covers.
Before you hold a position for weeks, check Fees in your HFM Client Area. HFM’s Live Support can also answer for your account type, instrument and number of days.
What about HFM Islamic accounts?
HFM Islamic accounts are for clients who observe Sharia law, and they follow their own terms. On some instruments, a position held for several nights in a row can carry a Carry Charge. HFM’s swap-free trading page explains the Islamic account as well.
When Does HFM Charge the Swap, and Which Day Is Triple?
HFM charges the swap on every position still open at 00:00 server time. A position opened at 23:59 pays the swap one minute later, and a position opened at 00:01 pays nothing until the next 00:00.
HFM’s server time is GMT+3 from the last Sunday in March to the last Sunday in October, and GMT+2 for the rest of the year. The tool uses UTC, so the rollover falls at these times.
| Server time | Rollover (UTC) |
|---|---|
| GMT+3, March–October | 21:00 |
| GMT+2, October–March | 22:00 |
One night a week costs three nights, because the triple swap covers the weekend. For forex, gold and oil, that night is Wednesday. For stock market indices, it is Friday. Public holidays are charged as normal days.
| Markets | Triple swap day |
|---|---|
| Forex, gold and oil | Wednesday |
| Stock market indices | Friday |
| Markets that trade every day, such as Bitcoin | Every day 1× |
The days follow HFM’s server time, so where you live, the triple night can fall on another day. In the tool, Rollover schedule in Rate details shows the days for each instrument.
How Do You Get a Rebate on Your HFM Trades?
Swap-free status takes away the overnight cost, but every trade still pays the spread, and the Zero account adds a commission. The HFM spread page compares the four accounts on those costs.
ForexFanClub pays a rebate on every lot that you trade at HFM. The rebate is paid separately from the swap, so the amounts in the tool show your cost before the rebate.
To receive the rebate, open your HFM trading account with the button below. HFM then records ForexFanClub as the partner of that trading account.
If you already trade at HFM, keep your HFM Client Area login and add one more trading account with Campaign ID 314605. The HFM rebate guide shows each step.
HFM Swap FAQ
- How many days is gold swap-free at HFM?
-
HFM does not publish a number. Gold (XAUUSD and XAUEUR) is in the swap-free offer for “a certain number of days”, and HFM checks the trading history.
A gold position held for more than one calendar month can carry extra fees. The fees are listed under Fees in your HFM Client Area.
- Why do the amounts in the tool differ from my statement?
-
The tool shows a 24-hour average rate for the lot size that you set. Your statement shows the actual rate for each day charged, whether the swap-free status applied, and any other fees.
HFM changes swap rates often, especially on stock market indices around dividends. So open the row in the tool and check Rate details, which shows how old the rate is and which days are charged.
- What does a month of holding cost?
-
Open the row in the tool and read Without swap-free · 30-day estimate. That amount is the normal swap for 30 days at today’s rates.
With swap-free status, the swap on the instruments in the offer is $0. A position held for more than one calendar month can still carry other fees.
- Is silver swap-free at HFM?
-
No. Silver is not in HFM’s swap-free offer, so a 1-lot silver buy pays about $28 a night. The tool shows the current amount in the XAGUSD row.
The Rest of the HFM Numbers
The swap is one side of what a trade costs. HFM’s rebate, spread and margin pages cover the other costs, and two pages compare HFM with other brokers.
You have seen what a position costs to hold overnight at HFM, before any rebate. Forex FanClub’s rebate service returns part of the trading cost on eligible HFM trades.
Members can also earn USDT rewards through logins and social media quests. Register below, then follow the HFM rebate guide for the account steps.
Produced and operated by Forex FanClub
Person responsible: Hiroki Sakaida, founder of Forex FanClub
Hiroki Sakaida decides what our content and services cover and which features they offer. He also checks content and functionality and decides on revisions and publication. Our Content and Service Policy explains how we produce and check our content and services, including our use of AI.
Risk warning: Forex and CFD trading involve leverage, and you could lose all the money you invest. This article and tool provide information, not investment advice. The amounts shown are estimates and do not guarantee future profits or continued swap-free status.
Affiliate disclosure: This article contains HFM referral links. Forex FanClub receives referral commission based on registrations and trading through these links.
- What Does a Night of Swap Cost at HFM?
- Which Instruments Are Swap-Free at HFM?
- How long does the swap-free status last?
- Which HFM accounts have swap-free status?
- Can HFM Charge Fees on a Swap-Free Account?
- What about HFM Islamic accounts?
- When Does HFM Charge the Swap, and Which Day Is Triple?
- How Do You Get a Rebate on Your HFM Trades?
- HFM Swap FAQ
- The Rest of the HFM Numbers