# What are the transaction fees at Hot Forex?
***HFM (formerly known as HotForex) is a globally recognized online broker offering a diverse range of trading instruments, including forex, commodities, indices, and cryptocurrencies. Understanding the transaction fees associated with HFM is crucial for traders aiming to optimize their trading strategies and manage costs effectively.***
This article provides a comprehensive overview of **[Hot Forex](https://forex89.com/broker/hfm/)** transaction fees, encompassing trading fees, non-trading fees, and other pertinent charges.
## Trading Fees
HFM's trading fees primarily consist of spreads and commissions, which vary based on the chosen account type and the specific trading instruments.
### Spreads
The spread is the difference between the bid and ask price of a trading instrument. HFM offers variable spreads that differ across its account types:
* Premium Account: Spreads start from 1.2 pips.
* Zero Account: Offers raw spreads starting from 0 pips, suitable for traders seeking tighter spreads.
* Pro Account: Spreads commence from 0.6 pips, catering to experienced traders.
* Cent Account: Designed for beginners, with spreads starting from 1.4 pips.
* PAMM Premium Account: Spreads begin at 1.6 pips, tailored for percentage allocation management module (PAMM) services.
* PAMM Premium Plus Account: Offers spreads from 0.4 pips.
### Non-Trading Fees
Beyond trading fees, HFM imposes certain non-trading fees that traders should be aware of:
- Inactivity Fee: A monthly fee of $5 is charged after six months of account inactivity. This fee increases to $10 after one year and continues to rise by an additional $10 each subsequent year of inactivity.
- Deposit and Withdrawal Fees: HFM does not charge internal fees for deposits or withdrawals, except for a 1% fee on BitPay transactions. However, traders should consider potential third-party processing fees and currency conversion charges imposed by payment processors.

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### Swap and Overnight Fees
Swap fees, also known as rollover fees, are interest charges applied to positions held overnight. These fees vary depending on the trading instrument and the direction of the trade (long or short). HFM provides swap-free trading options on specific accounts and instruments, allowing traders to hold positions overnight without incurring swap charges. This feature is particularly beneficial for traders adhering to Sharia law or those who prefer not to incur overnight interest fees.
## Account Types and Their Fee Structures

HFM offers various account types, each with distinct fee structures to cater to different trading preferences and strategies:
- Premium Account: Designed for retail traders seeking swap-free trading with no minimum deposit and no commission. Spreads start from 1.2 pips.
- Zero Account: Ideal for traders seeking raw spreads starting from 0 pips, with a commission of $6 per standard lot. This account is suitable for scalpers and high-volume traders.
- Pro Account: Tailored for experienced traders, offering spreads from 0.6 pips with no commission.
- Cent Account: Suitable for beginners, with spreads starting from 1.4 pips and no commission.
- PAMM Premium Account: Offers spreads from 1.6 pips, catering to PAMM services.
- PAMM Premium Plus Account: Provides spreads from 0.4 pips with a commission of $4 per standard lot.

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Understanding HFM's transaction fees is essential for traders to effectively manage their trading costs and enhance profitability. By selecting the account type that aligns with their trading strategy and being aware of both trading and non-trading fees, traders can make informed decisions and optimize their trading experience with HFM.
Contact information:
- Email: [e-mail]
- Phone number: 092 635 8988
- Address: Ho Chi Minh City, Vietnam

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