Understanding HFM EUR/USD Spread: Is It High Or Low?

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The average spread for the EUR/USD across more than 200 brokers that offer ECN and Raw Spread accounts showed it is 0.17 pips. The average spread of HFM for the EUR/USD currency pair is 0,2, which corresponds to a High level

How Does HFM EUR/USD Spread Compare to top Competitors?

The average EUR/USD spread among over 200 researched Forex brokers on ECN accounts is 0.17 pips All spreads mentioned are based on the analysis of publicly available sources and data provided by the brokers. . We also compared the spreads and per-lot fees of HFM with top competitors that accept clients from your country.

	HFM	Plus500	Pepperstone
EUR/USD	0,2		0,1
GBP/USD	0,4		0,15
ECN commission (per lot)	3		3
Supported Currency pairs	50	60	90
	Open an account Your capital is at risk.	Open an account Your capital is at risk.	Open an account Your capital is at risk.

What Other Fees Does HFM Charge?

We also compared the spreads of HFM on Standard account types with those of competitors, as well as non-trading fees such as inactivity fees and withdrawal fees.

HFM Stardard Account EUR/USD spread
	HFM	Plus500	Pepperstone
EUR/USD, min pips	0,3	0,5	0,5
EUR/USD, max pips	1,4	0,9	1,5
GBP/USD, min pips	0,3	0,5	0,4
GBP/USD, max pips	1,6	1,0	1,4

HFM Non-Trading Fees
	HFM	Plus500	Pepperstone
Deposit fee, %	0	0	0
Withdrawal fee, %	0	0	0
Withdrawal fee, USD	0	0	0
Inactivity fee, $	0	10	0

HFM ECN/Raw Spread Account vs Standard Account: Where is the Lower Spread?

According to calculations by Traders Union based on the analysis of over 300 brokers, the average cost of executing a trade of 1 standard lot of EUR/USD on an ECN/RAW account, including spread and commission, is $5.20. In contrast, the average spread on a Standard account is 0.8 pips, which is equivalent to $8 per lot. It is also worth noting that ECN/RAW accounts generally offer faster order execution and allow trading with bots, making them more suitable for active traders.

The average HFM EUR/USD spread is 0,2, which equal to 2$, plus you will need to pay a commission per lot of ECN 3$. HFM Standard account spread is 0,3, which equal to 0,2; however, there is no extra commission to pay in this case.

What Other Factors Directly Affect HFM EUR/USD Spread?

Several factors directly impact HFM the overall cost of executing trades in EUR/USD, beyond just the average spread. Here are some key considerations:

Liquidity and Daily Turnover:

Higher liquidity and larger daily turnover generally result in tighter spreads and better trade execution. Brokers with higher liquidity can offer more competitive pricing and faster order execution, which is crucial for active traders.

Top 3 Forex Brokers by Trading Turnover
	Average Daily Turnover for All Currency Pairs $B
IC Markets	29	Open an account Your capital is at risk.
Saxo Bank	20,01	Open an account Your capital is at risk.
StoneX	18,6

HFM Order Execution Speed:

Faster order execution reduces the likelihood of slippage, ensuring that trades are executed at the expected prices. This is especially important for scalpers and high-frequency traders. Typically, order execution speed is better on ECN accounts. HFM is an ECN forex broker, which means it offers high.
Time of Day:
- Best Times to Trade EUR/USD is Peak Activity: 8:00 AM to 12:00 PM EST (1:00 PM to 5:00 PM GMT). During the overlap of the London and New York sessions, liquidity is highest and spreads are usually the tightest.
- Worst Times to Trade EUR/USD: 5:00 PM to 10:00 PM EST (10:00 PM to 3:00 AM GMT). Spreads widen during this period due to low liquidity when major markets are closed.
Commission Fees

In addition to spreads, commission fees per trade can significantly impact the total cost. ECN/RAW accounts often charge a commission per lot, which needs to be factored into the overall trading cost.

HFM Commison Per Lot is 3$
Non-Trading Fees:

Inactivity fees, withdrawal fees, and other non-trading charges can add up and impact your overall profitability. It is essential to review all potential fees associated with the broker.

VPS (Virtual Private Server) Services:

Utilizing a VPS can enhance your trading by providing a stable and high-speed internet connection, reducing latency and potential slippage. This is particularly beneficial for automated trading systems and high-frequency traders, as it ensures your trades are executed as quickly as possible, minimizing execution costs.

HFM Extra Services For Active Traders Vs Competitors
	HFM	Plus500	Pepperstone
Free VPS
API
Signals (alerts)
TradingView integration
Trading bots (EAs)
Scalping
One click trading

HFM Regulation and Other Important Trading Conditions

Regulation	FCA, DFSA, FSCA, FSA, CMA
Minimum deposit	$0
Trading platform	MetaTrader 4, MetaTrader 5, Webtrader, Mobile Trading and HFM Platform
Accounts	CENT, ZERO, PREMIUM, PRO
Account currency	USD, EUR, NGN, JPY
Replenishment / Withdrawal	Wire Transfer, Visa/MasterCard, Crypto, Fasapay, Neteller, PayRedeem, Perfect Money, Skrill, Bitpay
Trading features	Hedging; Account for scalping; Trading on the news.
Instruments	Forex, Metals, Energies, Stocks, Indices, Bonds, Commodities, ETFs, Cryptocurrencies

How does HFM Make Money From EURUSD Spread

On a Standard account, HFM makes money by charging a spread, which is the difference between the bid (buy) and ask (sell) price. The spread is typically marked up by the broker, meaning that HFM includes a profit margin in the spread that you pay when opening or closing a EUR/USD trade.

On an ECN/Raw account, the broker doesn't mark up the spread but instead charges a small commission per trade. In this case, the spread is usually much tighter, often close to zero, as it reflects real market conditions. HFM makes money primarily from the commission fees 3$ per lot.