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 small-capital practice |
| Mini Classic Account |
Beginners and Intermediate Traders |
Low minimum deposit, leverage up to 1:200, variable spreads |
Ideal for those transitioning to more active trading |
| Classic Account |
Experienced Traders |
Higher minimum deposit, leverage up to 1:50, variable spreads from 1 pip |
Requires $5,000 minimum deposit |
| Premium Account |
Professional Traders |
Lowest spreads from 0 pips, dedicated account manager, leverage up to 1:50 |
Requires $5,000 minimum deposit |
Account Opening Process
To open an account with HFX, follow these steps: 1. Visit the HFX website. 2. Click on ‘Open Live Account’. 3. Complete the registration form with personal information such as name, email address, phone number, and date of birth. 4. Verify your identity by submitting required documents, which may include an ID and proof of address. 5. Fund your account with a minimum deposit of $100 to activate it. 6. Start trading once your account is set up and funded. HFX allows account upgrades, enabling traders to move from a Mini Account to a Premium Account as their trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.2 |
$0 (ECN: $3.5/lot) |
Competitive spreads |
| CFDs (Stocks) |
Variable |
$0 |
Commission included in spreads |
| CFDs (Indices) |
Variable |
$0 |
Commission included in spreads |
| CFDs (Commodities) |
Variable |
$0 |
Commission included in spreads |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, HFX may impose the following charges: – Deposit/withdrawal fees may apply, depending on the method used. – Inactivity fees are charged to accounts that have been dormant for an extended period. – Platform usage fees may be applicable for advanced trading tools or platforms. – Overnight interest (swap rates) may apply to positions held overnight. – Currency conversion fees may be incurred for deposits and withdrawals in different currencies.
