Checked on: 2026-08-18 | Broker terms, regulation, and pricing can change. Always verify at the official HFM site before opening an account.

Affiliate Disclosure: HNL Growth may earn a commission if you open an account through our links, at no additional cost to you. Risk Warning: CFDs and leveraged forex products are complex instruments and carry a high risk of losing money rapidly due to leverage. Between 65-95% of retail investor accounts lose money when trading CFDs, depending on the HFM entity and account type. Trading forex and CFDs may not be suitable for all investors. Consider your objectives, experience, and risk appetite before trading, and ensure you understand the risks involved. Broker Disclosure: HFM (HF Markets Group) is a live, regulated multi-entity broker (not a simulated prop-firm evaluation) — trades are executed with real capital in live market conditions, subject to normal market risk. Protections vary significantly by the specific legal entity that onboards your account.

HFM Swap Rates and Islamic Account 2026

Disclosure: This page may contain affiliate links. We may earn a commission if you open an account through our links, at no extra cost to you.

HFM provides swap-free trading across its account range—Premium, Zero, Pro, Cent, and InfinityX—replacing conventional overnight swap charges with a structure that allows positions to be held for a set number of days at no additional cost, after which carry charges may apply. According to HFM's official swap-free trading page, the feature is available to all HFM clients, not exclusively to Muslim traders, though the broker also offers specific swap-free conditions for clients who observe Sharia law. Swap-free treatment applies only to selected instruments, and availability depends on the regulatory entity covering your jurisdiction. The critical detail for traders is that swap-free does not mean cost-free—understanding when carry charges trigger and at what rate is essential before committing capital.

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How HFM Replaces Overnight Swaps

A swap (or rollover fee) is the interest charged or earned when a CFD position remains open overnight. On a standard account, this fee is applied daily for each night a position is held past the broker's rollover time.

HFM's swap-free model works through a grace period mechanism. According to HFM's swap-free page, traders can hold positions on selected accounts and instruments for a certain number of days without any additional costs. After this grace period expires, carry charges apply for each subsequent night the position remains open.

This structure has practical implications:

• Short-term holders (1–3 nights): may pay nothing if their holding period falls within the grace window
• Medium-term holders (4–10 nights): begin accumulating carry charges that may be lower or higher than standard swaps depending on the instrument
• Long-term holders (weeks or months): need to calculate whether accumulated carry charges exceed what standard swap charges would have cost

HFM directs traders to its full Rollover Policy for the definitive list of instruments and their specific grace periods and carry charge rates. This document is not publicly linked on the marketing pages; request it from HFM support or look for it within your client portal. The broker also provides a Swaps Calculator to help determine the cost of standard swap charges for comparison.

What to verify before trading:

• The exact grace period duration for your preferred instruments
• The carry charge rate per night after the grace period ends
• Whether the carry charge is a fixed fee or calculated as a percentage of position value
• How the triple-swap Wednesday rollover is handled on swap-free accounts

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Account Types That Support Swap-Free Trading

HFM's trading accounts comparison shows five account types, each with different minimum deposits and spread structures. The comparison table includes a "Swap free" row, though the source documentation does not provide explicit per-account confirmation of swap-free eligibility. The swap-free feature page states it is available on "selected trading accounts and instruments" with terms and conditions applying.

Account Type	Min Deposit	Spreads From	Notes
Premium	$0 / €0	1.4 pips	Broadest instrument range; swap-free applies to selected instruments
Zero	$0 / €0	0.0 pips + commission	Raw spreads; confirm whether commission structure changes on swap-free
Pro	$100 / €100	0.6 pips	Mid-tier option with tighter spreads than Premium
Cent	$0	1.4 pips	Forex and Gold only; smaller contract size (1 lot = 1,000 units)
InfinityX	$500	0.3 pips	Described as "Unlimited" leverage; availability is subject to entity-level regulatory requirements and may be capped in your jurisdiction—verify with HFM

The Cent account is limited to Forex and Gold, which restricts diversification for swap-free traders wanting indices, energies, or crypto CFDs. The Zero, Pro, Premium, and InfinityX accounts offer access to all available instruments, though swap-free eligibility still varies by individual instrument. Confirm with HFM which specific accounts support swap-free for your entity and preferred instruments.

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Which HFM Entity Covers You and Does It Offer Swap-Free

HFM operates through multiple regulatory entities, and traders are assigned to an entity based on their country of residence. This matters because swap-free availability and terms may differ by entity.

HFM Entity	Regulator	Jurisdiction	Swap-Free Confirmed	Notes
HF Markets (SV) Ltd	FSA St. Vincent	International (most global clients)	Yes	Primary international entity; swap-free terms as published on hfm.com/int
HF Markets (UK) Ltd	FCA (UK)	United Kingdom	Yes	UK swap-free page confirms availability; FCA protections apply

Note on UAE: HFM's published documentation explicitly lists UAE as a restricted jurisdiction where HFM does not offer services. UAE residents should not assume eligibility.

Regional guidance:

• MENA traders (excluding UAE): Traders in other MENA countries may be served by the international (St. Vincent) entity. Verify your specific country's eligibility and entity assignment directly with HFM before opening an account.
• African traders (Nigeria, Kenya, South Africa, Ghana): May be covered by the international entity or local subsidiaries. HFM lists NGN, GHS, and other African currencies as account currency options on its InfinityX account, suggesting regional infrastructure exists. Confirm swap-free availability for your specific entity.
• UK traders: Covered by HF Markets (UK) Ltd under FCA regulation. The UK entity's swap-free page confirms the feature is available.
• EU and other traders: Swap-free availability depends on the entity covering your region. Contact HFM to confirm which entity covers your country and whether swap-free is available.
• Traders from restricted jurisdictions: HFM does not offer services to residents of the USA, Canada, Sudan, Syria, Iran, North Korea, UAE, Türkiye, and others, per the swaps calculator page.

If your entity supports swap-free and you're ready to proceed:

Open a swap-free HFM account

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Instruments Eligible for Swap-Free Treatment

HFM states that swap-free trading is available on selected instruments and directs traders to its full Rollover Policy for the complete list. Based on the account comparison page and general product offering, the following asset classes are available on the platform. Specific grace periods and carry charge rates are published in the Rollover Policy—request this document from HFM support before making cost-based decisions.

Asset Class	Available on HFM	Notes on Swap-Free Eligibility
Forex Majors	Yes	Select pairs eligible; Cent account limited to Forex
Forex Minors	Yes	Select pairs; check Rollover Policy
Precious Metals	Yes	Gold confirmed on Cent account; other metals on non-Cent accounts
Indices	Yes (non-Cent accounts)	Swap-free eligibility: check Rollover Policy
Energies	Yes (non-Cent accounts)	Swap-free eligibility: check Rollover Policy
Cryptocurrencies	Yes (non-Cent accounts)	Swap-free eligibility: check Rollover Policy

Important limitations:

• Not every instrument within an asset class is necessarily swap-free eligible
• The Cent account is restricted to Forex and Gold only
• Carry charges after the grace period may vary significantly between asset classes
• Some instruments (particularly exotic forex pairs or specific crypto CFDs) may not be available for swap-free treatment at all

Before funding an account, request the current Rollover Policy from HFM support or check contract specifications within the MetaTrader platform for instrument-specific swap-free status.

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The Real Cost of Swap-Free Trading at HFM

Swap-free trading replaces one cost structure with another. The question every trader needs to answer is: at what holding period does swap-free become more expensive than paying standard swaps?

How to calculate the standard swap cost

HFM's Swaps Calculator publishes the calculation method with a worked example:

Swap fee on trading 1 lot short EUR/USD with a USD-denominated account: Swap short rate = 1.5 points | 2 nights held | 1 lot = 100,000 units | Point value = 0.00001 Swap fee = 100,000 × 1.5 × 2 × 0.00001 = $3.00 USD debited

The calculator updates daily to reflect current swap rates. Use it with your actual instrument, trade size, and holding period to calculate what a standard swap account would cost for your specific position. This gives you the benchmark to compare against the swap-free carry charge schedule.

Cost comparison framework

Because carry charge rates and grace period durations are published in HFM's Rollover Policy rather than on public marketing pages, the decision depends on obtaining that policy document from HFM. Request it before committing capital.

Key cost considerations:

• The breakeven point varies by instrument. High-swap instruments (e.g., certain emerging market pairs) may favor swap-free even for longer holds; low-swap instruments (e.g., majors with minimal interest rate differentials) may favor standard accounts sooner.
• HFM states there are "no hidden fees or additional charges" on its swap-free feature, but carry charges after the grace period are a disclosed cost, not a hidden one.
• Traders who close positions within the grace period benefit most from swap-free treatment.
• Position traders holding for weeks should use the Swaps Calculator for the standard swap side and request the carry charge schedule from the Rollover Policy for the swap-free side.

Limitation: Grace period durations and carry charge figures are contained in HFM's Rollover Policy. Request this document from HFM support before making holding-period cost comparisons.

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How HFM Swap-Free Compares to Other Brokers

Important caveat: The competitor columns below are a category-level structural comparison based on publicly available information that was not independently verified against each broker's current official terms for this article. Swap-free conditions change frequently. Treat this as a starting point only—verify current terms on each broker's official website before drawing any conclusions.

Feature	HFM	XM	Exness
Swap-free availability	Selected accounts and instruments	Islamic account option on select types	Swap-free on select account types
Eligibility	Available to all clients; specific terms for Sharia-observing clients	Reported as available to Muslim traders on request—verify with XM	Reported as available on request—verify with Exness
Grace period	Set number of days per Rollover Policy	Varies by instrument; verify with XM	Varies by instrument and account; verify with Exness
Post-grace charges	Carry charges apply after grace period	Reported admin fees or adjusted conditions; verify current terms	Reported extended swap-free fees may apply; verify current terms
Instrument breadth	Forex, metals, indices, energies, crypto (select instruments)	Verify current list with XM	Verify current list with Exness
Religious declaration	Not required for general swap-free; specific Sharia terms available	Verify with XM	Verify with Exness

What this table is and isn't: This is a structural comparison of how each broker positions its swap-free offering—not a verified side-by-side of current terms. Each broker's full current terms, including instrument-specific exclusions and entity-level restrictions, should be confirmed on their official sites.

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Opening a Swap-Free Account at HFM

Based on HFM's published information, here is the typical process for opening a swap-free trading account:

1. Register on HFM's website. Provide your name, email, country of residence, and phone number. Your country determines which regulatory entity covers your account.

2. Complete verification. Submit identification and proof of address documents as required by your assigned entity.

3. Select your account type. Choose from Premium, Zero, Pro, Cent, or InfinityX based on your deposit level, spread preference, and instrument requirements.

4. Activate swap-free. HFM's swap-free page states the feature is available to all traders. The public page does not specify whether activation is automatic, selectable in your dashboard, or requires a request. Check your client dashboard during account setup for a swap-free option, or contact HFM support via live chat or email to confirm the activation process for your entity.

5. Confirm activation. Verify that swap-free status is active on your account before placing trades. Check your account settings in MetaTrader or the HFM client portal.

6. Fund your account. Deposit via your preferred method and begin trading eligible instruments under swap-free conditions.

What to verify during the process:

• Whether swap-free activation is automatic, dashboard-selectable, or requires a request
• Whether a religious declaration or form is required for your entity
• Which specific instruments are swap-free eligible on your account
• The grace period and carry charge schedule applicable to your instruments

Support contact: Reach HFM via live chat or email through hfm.com. For phone support, verify the appropriate number for your entity and region directly on the HFM website.

Start your HFM swap-free account application

Already Have an HFM Account? Switching to Swap-Free

If you are an existing HFM client with a standard swap-bearing account, you may be able to request conversion to swap-free status. HFM's public documentation does not detail the switching process, so the recommended approach is:

1. Contact HFM support via live chat or email to ask about swap-free activation on your existing account.
2. Ask whether the conversion applies to current open positions or only to new trades opened after activation.
3. Confirm whether a new trading account must be opened under the same client profile, or whether your existing account can be modified.
4. If open positions exist, clarify whether accrued swaps apply up to the conversion point.

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Common Misconceptions About Swap-Free Accounts

"Swap-free means cost-free." No. HFM replaces overnight swap charges with a grace period structure followed by carry charges. The cost is different, not absent. Traders holding beyond the grace period will incur fees.

"Swap-free activation is automatic when I sign up." HFM's swap-free page states the feature is available to all traders, but the public documentation does not confirm whether it activates automatically or requires a step during setup. Check your client dashboard or confirm the activation process with HFM support when opening your account.

"Every instrument on HFM is swap-free eligible." No. HFM explicitly states that swap-free applies only to specific trading instruments. Check the Rollover Policy for the current eligible list.

"The broker certifies the account as Sharia-compliant." HFM provides swap-free trading conditions as a product feature. The broker does not position itself as a religious authority. Whether a specific trading arrangement meets Sharia requirements is a determination for you and your qualified scholars to make, not the broker.

"Non-Muslim traders cannot use swap-free accounts." HFM's swap-free page states: "We're offering Swap-Free Trading to everyone who trades with HFM." General swap-free access is not restricted by religion, though specific Sharia-related terms may apply to clients who declare they observe Islamic law.

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Frequently Asked Questions

Does HFM offer swap-free / Islamic trading accounts? Yes. HFM offers swap-free trading on selected accounts and instruments. The feature is available to all clients, with specific provisions for clients who observe Sharia law.

Do I need to be Muslim to open a swap-free account at HFM? No. HFM states that swap-free trading is available to all traders regardless of religious affiliation. However, specific Sharia-related conditions may apply to clients who declare they observe Islamic law.

Is there a grace period before charges apply on HFM swap-free accounts? Yes. HFM allows positions to be held for a certain number of days without additional costs, after which carry charges apply. The exact grace period duration varies by instrument and is detailed in HFM's Rollover Policy—request this document from HFM support.

Which instruments can I trade swap-free on HFM? Selected forex pairs, metals, and other instruments are eligible. The complete list is available in HFM's Rollover Policy. Not all instruments within an asset class are necessarily covered.

Can I use MetaTrader 4 and MetaTrader 5 with a swap-free account? Yes. All HFM account types support MT4, MT5, the HFM WebTrader, the mobile app, and the HFM Platform, including when swap-free is activated.

Will swap-free cost me more than a standard account? It depends on your holding period and the instruments you trade. Positions closed within the grace period may cost less than a standard swap account. Positions held well beyond the grace period may accumulate carry charges that exceed standard swap costs. Use HFM's Swaps Calculator to calculate what standard swaps would cost for your position, and request the Rollover Policy carry charge schedule for the swap-free comparison.

How do I activate swap-free on my HFM account? HFM states the feature is available to all traders. Check your client dashboard during account setup for a swap-free option, or contact HFM support via live chat or email to confirm the activation method for your specific entity.

Are there country restrictions on HFM swap-free accounts? HFM does not serve residents of the USA, Canada, Sudan, Syria, Iran, North Korea, UAE, Türkiye, and certain other jurisdictions. For all other eligible countries, swap-free availability depends on the entity covering your region.

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If you are still evaluating whether HFM's swap-free offering suits your trading style, consider opening a demo account first to test the platform and instrument availability without risking capital. For entity-specific questions, contact HFM support directly.

Open an HFM account

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Risk Warning

Risk warning: CFDs and leveraged forex products are complex instruments and carry a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how these products work and whether you can afford to take the high risk of losing your capital. Check the entity, terms and protections that apply in your jurisdiction before trading.

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Risk warning: CFDs and leveraged forex products are complex instruments and carry a high risk of losing money rapidly due to leverage. Retail investor accounts lose money when trading CFDs with most providers; the exact percentage varies by HFM entity and account type. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Check the entity, terms and investor protections that apply in your jurisdiction before opening an account or trading.