HFM's maximum leverage depends on the account type: unlimited on KATANA, 1:2000 on CENT, ZERO, PRO and PREMIUM, and 1:1000 on TOP-UP BONUS (official account types page, checked 26 September 2026). The margin call (warning) level is 50% (20% on KATANA), and the stop out (forced liquidation) level is 20% (0% on KATANA).
This article draws only on the official account types page and the KATANA account detail page to list the maximum leverage, margin call, stop out level, maximum aggregate trade size and maximum open positions by account, and works through the idea of the margin level using an illustrative example (clearly marked as such). It also covers HFM's note that leverage can be adjusted, and how this site lists zero-cut protection. The figures shown at registration and in the current terms always take priority over anything below.
In short: leverage and stop out levels depend on the account type
- Maximum leverage: unlimited on KATANA; 1:2000 on CENT, ZERO, PRO and PREMIUM; 1:1000 on TOP-UP BONUS (official account types page)
- Margin call: 20% on KATANA, 50% on the other five accounts
- Stop out level: 0% on KATANA, 20% on the other five accounts
- Official note: leverage may be adjusted; refer to the terms for details
HF Markets (SV) Ltd's official site states that trading leveraged products such as forex and derivatives carries a high level of risk to your capital and may not be suitable for all investors (checked 26 September 2026). Higher leverage and a lower stop out level also mean you need to manage your margin level more carefully.
Leverage by account type (table)
HFM offers six trading accounts, all sharing MT4/MT5/WebTrader/mobile/the HFM platform, variable spreads and a minimum trade size of 0.01 lots (official account types page, checked 26 September 2026). Maximum leverage, margin call, stop out and the trade-size caps differ by account.
| Account | Max leverage | Margin call | Stop out level | Max aggregate trade size | Max open positions |
|---|---|---|---|---|---|
| KATANA | Unlimited | 20% | 0% | 60 standard lots per position | 500 |
| CENT | 1:2000 | 50% | 20% | 1,000 cent lots per position / 6,000 cent lots account-wide | 300 |
| ZERO | 1:2000 | 50% | 20% | 60 standard lots per position | 500 |
| PRO | 1:2000 | 50% | 20% | 60 standard lots per position | 500 |
| PREMIUM | 1:2000 | 50% | 20% | 60 standard lots per position | 500 |
| TOP-UP BONUS | 1:1000 | 50% | 20% | 60 standard lots per position | 500 |
※ * Leverage may be adjusted; refer to the terms for details. ** Availability may vary by region (official note). TOP-UP BONUS is the bonus-eligible account; the other five accounts are not eligible for bonuses.
See HFM's Top-Up Bonus account and deposit bonus in detail →
What a 50% margin call and a 20% stop out mean (a worked example)
The margin level is a standard forex metric calculated as equity divided by required margin, multiplied by 100. When this figure falls to the margin call level (50% on most HFM accounts) a warning is shown; when it falls to the stop out level (20% on most HFM accounts) your open positions are automatically closed.
| Level | Equity (example, required margin of JPY 10,000) | What it means |
|---|---|---|
| 50% (margin call) | JPY 5,000 | A warning is shown (positions are not yet closed at this point) |
| 20% (stop out) | JPY 2,000 | Open positions are automatically closed |
※ The required margin of JPY 10,000 and the resulting JPY 5,000 / JPY 2,000 in this table are illustrative figures used only to explain how the margin level works — they are not official confirmed values. Your actual required margin depends on your trade size (lots and rate) and leverage.
KATANA's margin call and stop out levels are set lower than the other five accounts (20% and 0%). Both the warning and the forced liquidation happen only once equity has fallen further.
KATANA's unlimited leverage and 0% stop out
HFM's official KATANA account detail page (checked 26 September 2026) states a margin call/stop out level of 20%/0%, no commission, and swap-free trading. The official account types page states unlimited maximum leverage, a minimum deposit of USD 500/EUR 430, and available instruments of forex, metals, indices, crypto and energies.
- Maximum leverage: unlimited
- Margin call: 20%
- Stop out level: 0%
- Minimum deposit: USD 500 / EUR 430
- Commission: none
- Swap-free: yes
- Instruments: forex, metals, indices, crypto, energies
A 0% stop out level means positions are not closed until the margin level reaches roughly 0% (equity close to zero). Combined with unlimited leverage, required margin becomes very small, letting you hold a large trade size — but unrealised losses can also grow larger before anything is closed. Placing your own stop-loss orders and managing risk carefully matters more on this design.
When leverage can be adjusted
The official account types page notes that leverage may be adjusted (refer to the terms for details) and that availability may vary by region. We could not find a standalone page on the official Japanese site (as of 26 September 2026) setting out a balance-tiered leverage schedule or restrictions around weekends or economic data releases. If the leverage shown differs from what is actually applied, the trading platform display and the terms take priority.
HFM's zero-cut (negative balance protection)
On our broker pages, we list zero-cut (negative balance protection) as 'Yes*' for every listed broker, including HFM. *Conditions and exceptions follow each broker's terms. The official account types page does not spell out the term in detail, so check the exact conditions in the official terms and with support.
Checklist for reviewing leverage and stop out levels
- Check the maximum leverage, margin call and stop out level for the account type you actually use, on the official account types page or in the trading platform
- Understand that unlimited leverage (KATANA) and a 0% stop out let you hold unrealised losses longer, but leave little balance once positions do close
- Because leverage may be adjusted, the figure shown may differ from what is actually applied
- Check the conditions and exceptions for zero-cut in the terms
- Before reducing your margin level, calculate how much balance you would lose over a given adverse move
Frequently asked questions
Q. What is HFM's maximum leverage?
A. It depends on the account: unlimited on KATANA; 1:2000 on CENT, ZERO, PRO and PREMIUM; and 1:1000 on TOP-UP BONUS (official account types page, checked 26 September 2026). Because leverage may be adjusted, check the figure shown in the trading platform for the actual value.
Q. What is HFM's stop out level?
A. 0% on KATANA, and 20% on CENT, ZERO, PRO, PREMIUM and TOP-UP BONUS. The margin call (warning) level is 20% on KATANA and 50% on the other five accounts.
Q. How is the margin level calculated at HFM?
A. The margin level is a general forex metric calculated as equity divided by required margin, multiplied by 100. A warning appears once it falls to the margin call level, and positions are force-closed once it falls to the stop out level. The actual amounts depend on your trade size and leverage, so calculate them for your own account.
Q. Does HFM's KATANA account really offer unlimited leverage?
A. Yes, according to the official account types page and the KATANA account detail page (checked 26 September 2026), which state unlimited maximum leverage. This is combined with a 20% margin call, a 0% stop out, a minimum deposit of USD 500/EUR 430, no commission and swap-free trading.
Q. What is the difference between margin call and stop out at HFM?
A. The margin call is a warning level shown when the margin level falls; positions are not closed at this point. Stop out is the level at which the margin level has fallen further and open positions are automatically closed.
Q. Can HFM's leverage be adjusted?
A. Yes. The official account types page notes that leverage may be adjusted and refers you to the terms for details. If the leverage shown differs from what is actually applied, the trading platform display and the terms take priority.
Q. Does HFM offer zero-cut protection?
A. Our broker page lists zero-cut (negative balance protection) as 'Yes*' for HFM, along with every other listed broker. *Conditions and exceptions follow each broker's terms — check the details in the official terms and with support.
Sources and conditions
FX Textbook is an independent information site, not a broker or provider of personal investment advice. Forex and CFDs involve risk. You may lose some or all of your invested capital. No trading result is guaranteed.
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