Which HFM account to choose - and one inconsistency in the published data

HFM has five account types and one notable feature:
three of them have a $0 minimum deposit. But their rebate table contains one point that needs
reading carefully.

Five account types

Source: the account-type table on the HFM page. A dash
means the broker does not publish a rebate for that type anywhere public.

An inconsistency in the published figures

It needs saying plainly: HFM’s summary quotes a rebate of up to $18 per lot, while the
account-type table tops out at $8 (Premium), and the per-product table shows gold on Premium
at $12 per lot.

Those three figures are not contradictory if they cover different scopes — most likely the account-type
number is for major currency pairs while the higher figure applies to wider-spread products. But that scope is
not stated.

How to handle it: use the figure for the specific product you trade, not the “up to” number
in the advertising. If you mainly run EUR/USD, ask for the
EUR/USD figure rather than budgeting on $18.

Choosing by how you trade

Starting out, not wanting to deposit much

Cent — $0 minimum, $7 per lot, spread from 1.2 pips. The
converted volume is small so the risk per trade is low. This is
a type to get used to trading on, not one to run seriously.

Trading regularly, without wanting to track commission

Premium — $0 minimum, spread from 1.0 pips, no commission, $8 per lot. The most balanced
type in the table.

High volume, needing a tight spread

Zero — spread from 0.0 pips, $3 commission per lot, $5.50 rebate. The arithmetic: gross cost
is lower than Premium, but the rebate is $2.50 lower too. It only wins when the spread saving exceeds that
difference.

Pro and Pro Plus

Spreads from 0.6 and 0.2 pips, but the broker publishes no rebate for either anywhere public. If you intend
to use one, ask for the figure first — without a rebate your
net cost is higher than Premium despite the tighter
spread.

Why a $0 minimum is not the deciding factor

It sounds appealing, but it changes nothing that matters. Risk comes from the size you open, not from the
minimum needed to open the account.

What actually decides cost is the spread, the commission and the rebate of the account type — the three
numbers in the table above.

This article is for information only and is not investment advice. Conditions and fee levels are published by the brokers and can change at any time — check with the broker you actually use. Leveraged forex and CFD trading carries a high level of risk and can cost you your entire deposit.