HFM's spread-only Premium account averages about 1.4 pips on EUR/USD and $0.38 on gold, according to review-site measurements. The Zero account quotes EUR/USD from 0.0 pips plus $6 per lot round trip, about 0.6 pips all-in. For frequent traders the Zero account is the cheaper of the two.
HFM spreads at a glance
| Item | Premium (spread only) | Zero (raw) |
|---|---|---|
| EUR/USD | about 1.4 pips | 0.0 pips + $6 round trip |
| USD/JPY | — | about 0.1 pips + $6 round trip |
| Gold (XAU/USD) | about $0.38 | gold commission $10 per lot |
| All-in EUR/USD cost per lot | about $14 | about $6 |
These are typical figures reported by review sites, not an official HFM average: Compare Forex Brokers for the Premium EUR/USD average, Myforex’s gold spread study for gold, BrokerAnalysis for the Zero account, and tr-mate for the commission. Live spreads move with the market, and other reviews put the Premium EUR/USD average between 1.0 and 1.4 pips.
How to compare HFM with other brokers
- Distinguish “from” (minimum) spreads from typical/average spreads.
- Add commission: on EUR/USD, $1 per lot round trip is about 0.1 pips.
- Compare at the same time of day, as spreads widen at rollover and around news.
Worked example: spread-only vs commission account
Using HFM’s typical figures: Premium at 1.4 pips on EUR/USD, Zero at 0.0 pips plus $6 per lot round trip.
- Premium: 1.4 pips × $10 = $14 per lot
- Zero: 0.0 pips × $10 + $6 = $6 per lot
Here the Zero account is cheaper by $8 per lot, which adds up quickly for frequent traders and scalpers. Even if the raw spread averages 0.2 pips, Zero still costs only $8 per lot. The gap shrinks, or reverses, on pairs where the spread difference is smaller than the commission. Our pip calculator converts these amounts for other pairs and lot sizes.
Watching HFM’s live spreads
- In MT4/MT5, right-click Market Watch and switch on the Spread column.
- Watch the pairs you trade at the hours you trade, several times.
- For the Zero account, read the commission in the contract specification or your first trade’s history.
More: spread basics.
| Broker | Visit broker | ||||
|---|---|---|---|---|---|
 XMFeatured | 4.9/5Editorial rating | 1.6 pips | 1.5 pips | ✗ | Visit |
 HFM | 4.1/5 | 1.4 pips | 2.7 pips | ✓ | Visit |
 XS.com | 4.1/5 | 1.1 pips | 1.3 pips | ✓ | Visit |
 Exness | 4.2/5 | 0.8 pips | 1 pips | ✓ | Visit |
Other brokers’ averages: XS spreads and the spreads comparison. Raw-spread accounts side by side: ECN brokers.
Related
Spreads at other brokers
Frequently asked questions
What is HFM's EUR/USD spread?
About 1.4 pips on average on the Premium account, according to Compare Forex Brokers. On the Zero account it's typically 0.0 pips plus $6 per lot round trip.
Does HFM have a raw-spread account?
Yes. The Zero account has raw spreads from 0.0 pips plus a commission of $3 per side ($6 round trip) per lot on FX and $10 on gold.
How do I compare a commission account with a spread-only account?
Convert the round-trip commission into pips and add it to the raw spread. On EUR/USD, one standard lot moves $10 per pip, so a $7 round trip adds 0.7 pips.
When do spreads widen?
Typically at the daily rollover, around major news releases and in thin early-week trading. Quoted 'from' spreads are floors, not what you'll usually pay at those times.