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Nali5689
Within 1 year

Can you tell me what the typical spread is for the EUR/USD currency pair on a standard account with HMFS?

Broker Issues
HMFS
Fees and Spreads
05-08
United States
WikiFX
Reply

From my experience reviewing HMFS and based strictly on the publicly available data about their services, I cannot provide a specific typical spread for EUR/USD—or any forex pair—for a standard account with them. As an active forex trader, I pay very close attention to transparency around trading conditions like spreads, platforms, and account specifications before considering any broker. In the case of HMFS, the absence of forex as a supported trading asset is a major concern for me. Their product offering seems limited solely to equities, with no mention of currency pairs or forex instruments at all. Furthermore, their proprietary "HMFS Insta Trade" platform does not appear to advertise any sort of forex trading functionality, unlike the more recognized MT4 or MT5 platforms where such details are standard and easy to verify. More importantly, HMFS operates without any valid regulatory oversight at this point. This is a red flag in the context of financial safety and trader protection—especially for those seeking reliable execution in forex markets where spreads and platform performance are crucial. For these reasons, and given their lack of transparency and regulatory status, I would adopt a very cautious stance: I simply cannot recommend attempting to trade EUR/USD with HMFS, nor can I confirm spread levels, as forex trading does not appear to be offered at all according to the available information.

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