HFM swap calculator: rates and swap-free conditions

Reading the figures

Buy and sell are priced separately on the same instrument, so the tool shows both.

Minus is a cost, plus is paid to you

A negative figure is taken from your account at rollover, and a positive figure is added to it. On some instruments both sides cost you, so read the side you plan to hold.

Conditional swap-free marks the instruments in HFM’s offer

The label appears on instruments in HFM’s general swap-free list. The amount beside it is the normal rate for your account.

Open the row to see both cases:

• With swap-free*
  $0.00 on both sides while your account meets HFM’s conditions. HFM confirms whether the offer applies to your account.
• Without swap-free
  The normal charge, which applies once the exemption is off.

Instruments outside the list read Outside the general offer when you open the row. The label Check HFM’s offer list appears when an instrument name cannot be matched to the published list. Compare it with the list below.

Unconfirmed marks an amount the tool could not work out

$0.00 is a calculated zero. Open Rate details to see the reason and the rate behind either figure.

Rollover at 00:00 server time, and triple swap days

HFM charges swap on positions still open at 00:00 server time. A position opened at 23:59 is included, and one opened at 00:01 waits for the next rollover.

HFM’s server clock changes on the last Sunday in March and the last Sunday in October. In UTC, the rollover falls at:

Server time	Rollover (UTC)
GMT+3, March–October	21:00
GMT+2, October–March	22:00

Times inside the tool are UTC, so compare them directly with these. Source: HFM rollover policy (opens in a new tab).

Wednesday is the usual triple swap day, Friday for indices

Instruments	Triple swap day
Forex, gold and oil	Wednesday
Indices	Friday
24/7 instruments	Every day 1×

The triple day carries the weekend, and public holidays are charged as usual. The days follow server time, so check the local day where you live.

Each instrument’s own days are in Rate details, under Rollover schedule. BTCUSD, for example, shows Every day 1×.

One rollover, the triple day and 30 days

Open a row and the normal amounts appear in three steps, all from the same rates:

• Estimated swap for one rollover
  Buy and sell for one night at the lot size you selected.
• Without swap-free · Wednesday
  The triple swap day, at three times that amount. The day follows the instrument.
• Without swap-free · 30-day estimate
  The weekly schedule scaled to 30 days, for the scale of a longer hold.

HFM reviews swap rates continuously and changes them when needed. Index rates move more often, around dividends. Use the 30-day figure to compare instruments and accounts at today’s levels. Your account statement gives the amounts that were charged.

HFM’s general swap-free offer

HFM offers swap-free trading to all its clients, whatever their religion, on selected accounts and instruments. Source: HFM swap-free trading (opens in a new tab).

43 instruments are in the offer

HFM lists the 43 instruments in one line, and we have grouped them here.

Silver (XAGUSD), XAUUSD247 and BTCUSD sit outside the list. For oil, the list names USOIL.S. The USOIL row on Premium, Pro and Zero is a separate instrument.

The Conditional swap-free label in the tool follows this list, which HFM publishes on its rollover policy page (opens in a new tab).

How long the exemption lasts depends on how you trade

HFM describes the offer as holding positions for “a certain number of days”. The exemption lasts while HFM keeps it in place, and HFM monitors trading history on the listed instruments to check the offer is used correctly.

HFM can withdraw swap-free status at its own discretion. Trading mostly within the day, with few positions held overnight, is the approach HFM names.

The firm number is in the client agreement. Positions open for more than one calendar month can carry additional fees, set out in the next section.

Four accounts, one row per instrument

The tool covers Premium, Pro, Zero and InfinityX with HF Markets (SV) Ltd. HFM’s pages for Premium, Pro and Zero apply swap-free to specific instruments.

The tool puts each instrument’s symbols in one row. The XAUUSD row holds Premium’s XAUUSD, Pro’s XAUUSDr, Zero’s XAUUSDb and InfinityX’s XAUUSDx. On InfinityX, the oil symbol USOILx appears as USOIL and carries the label.

Account names and conditions vary by country and by HFM entity. The InfinityX page opens in the countries where that account is offered.

HFM’s account comparison also lists swap-free for Cent, which trades forex and gold, and lists the Top-up Bonus account without it. On any other account, use that account’s own specifications.

HFM’s account pages: Premium (opens in a new tab), Pro (opens in a new tab), Zero (opens in a new tab), InfinityX (opens in a new tab) and Cent (opens in a new tab).

When the exemption ends, and fees beyond swap

These points come from clause 25 of the HF Markets (SV) Ltd Client Agreement, which covers swap-free and Islamic accounts. An account with another HFM entity follows that entity’s agreement. Source: HFM SV Client Agreement, clause 25 (PDF) (opens in a new tab).

HFM can withdraw swap-free status at any time

HFM can remove swap-free status from an account or an instrument at any time, without prior notice (clause 25.6). Instruments outside HFM’s list pay standard swap in every case (clause 25.7).

For the scale of the normal charge on your instrument, read Without swap-free in the tool.

Past trades are charged in two cases

• A position held too long
  If HFM considers a holding period excessive, it can charge swap or a similar fee on that position retrospectively (clause 25.4).
• Abuse of the offer
  If HFM finds the offer used to avoid swap, it can charge swap and fees on past trades, close the trading accounts and take back the profits (clause 25.6).

When a swap charge appears after a withdrawal, check the days it covers on your statement. Charges for earlier days fall under these two cases.

Additional fees sit outside the swap

HFM can add commission fees on swap-free and Islamic accounts, without prior notice:

• Any open position
  Following the fee schedule under Fees in your Client Area (clause 25.1)
• Ex-dividend dates
  On indices and shares (clause 25.2)
• More than one calendar month
  On positions held that long (clause 25.3)

These fees are outside the tool’s figures. Before a long hold, check Fees in your Client Area. HFM’s Live Support can answer with your account type, instrument and planned number of days.

Islamic accounts follow their own terms

HFM’s Islamic accounts are for clients who observe Sharia law. On some instruments, positions rolled over several days in a row can carry Carry Charges. HFM’s swap-free trading page, linked above, sets out both arrangements.

Other costs, and rebates

Swap sits alongside the spread and any commission for your account type. The HFM spread and commission comparison covers those.

How rebates work alongside the swap

A rebate returns part of the trading cost on qualifying trades. It is paid separately, so the figures above are your cost before any rebate. The HFM rebate guide lists the conditions and the steps.

Opening an account for the rebate service

To open a new HFM account, use the button below. If you already have an HFM account, the rebate guide above explains the steps for existing accounts.

Frequently asked questions about HFM swaps

How many days is gold swap-free at HFM?

XAUUSD and XAUEUR are in the general offer, for “a certain number of days”. The exemption lasts while HFM keeps it in place, based on the account’s trading history.

Positions held over one calendar month can carry fees, listed under Fees in your Client Area.

Why do the tool’s amounts differ from my statement?

The tool shows a 24-hour average rate for the lot size you set. Your statement shows the rate on each night, the days charged, whether the exemption applied and any other fees.

Compare Rate age and Rollover schedule in Rate details with the dates on your statement.

What does a month of holding cost?

Open the row and read Without swap-free · 30-day estimate. It gives the normal charge at today’s rates, before any exemption. Your account statement gives the amounts that were charged.