What Account Types and Fees Does HFX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Mini Account |
Beginners |
Low minimum deposit, high leverage up to 1:200, variable spreads starting from 0 pips |
Suitable for traders looking to start with limited capital |
| Mini Classic Account |
New traders |
Accessible trading conditions, variable spreads starting from 1 pip |
Great for small-capital practice; requires a minimum deposit of $100 |
| Classic Account |
Experienced traders |
Lower spreads, access to advanced trading tools, minimum deposit of $5,000 |
Ideal for traders with higher capital and volume |
| Premium Account |
Professional traders |
Lowest spreads, dedicated account management, minimum deposit of $5,000 |
Requires a significant trading volume; best for serious investors |
Account Opening Process
To open an account with HFX, follow these steps:
1. Visit the HFX website and click on ‘Open Live Account’.
2. Complete the registration form by providing personal details, including your name, email, phone number, and date of birth.
3. Submit your employment and financial information.
4. Provide identity verification documents such as a government-issued ID and proof of address (e.g., utility bill).
5. Once your documents are verified, fund your account according to the chosen account type.
6. Note that you can upgrade to a professional account later as your trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Standard spreads for major pairs |
| CFDs (Gold) |
1.2 |
$0 |
Variable spreads depending on market conditions |
| CFDs (Oil) |
0.5 |
$0 |
Competitive spreads for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1 |
Variable based on market volatility |
Other Fees
HFX maintains transparency regarding various fees:
– Deposit/Withdrawal Fees: HFX does not charge any fees for deposits or withdrawals, though your bank may impose fees for wire transfers.
– Inactivity Fees: Accounts inactive for an extended period may incur fees (specific terms may apply).
– Platform Usage Fees: No additional fees for using the trading platform.
– Overnight Interest (Swap Rates): Applies based on overnight positions; rates may vary.
– Currency Conversion Fees: Charges may apply when trading in non-account currencies.
