HotForex Spreads Review | Are HotForex Spreads Narrow?

This is an article about HotForex spreads.

HotForex is a very large company that offers forex services all over the world.

In my opinion, HotForex is the most famous broker in the world.

Recently, HotForex became an official sponsor of the French soccer team “Paris Saint-Germain FC”.

In this article, I will explain the following:

What is Spread?

The difference between the selling price (Bid) and the buying price (Ask) is called a spread, and this is the actual commission of the Forex broker.

For details on why spreads widen, why spreads change depending on the broker, symbol, and time of day, etc., please refer to the separate article “Low Spread Forex Brokers“.

Low Spread Forex Brokers

People always talk about its wider spread of forex brokers, but there are also brokers that offers quite narrow spreads.

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HotForex Account Types

HotForex has the following three types of accounts.

Micro account, Premium account and Zero spread account.

Micro account and premium account are STP method, and Zero spread account is ECN method.

There are other accounts for specific purposes such as AUTO account and PAMM account, but I will omit them here.

Micro account and Premium account differ only in the number of trading lots, but the trading conditions including spreads are the same.

Since Zero spread account is an ECN account, a transaction fee will be charged separately from the spread, but it is a relatively cheap at $3 one way ($6 round trip) per lot.

For more information on HotForex account types, please see the separate article “HotForex All Account Types | Which account is the best for you?“.

HotForex All Account Types | Which account is the best for you?

Introducing the account types of HotForex.HotForex has services all over the world and is very famous and highly evaluat

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All Spread List in HotForex

I have compiled a list of spreads for all products posted on the official website in an easy-to-understand manner.

Hereafter, I will introduce spreads for Micro account and Premium account.

Currency Pair Spreads

Major Currency Pair

Minor Currency Pair

Metal Spreads

Metal spreads are narrower than other brokers.

Energy Spreads

Commodity Spreads

Index Spreads

There are sport and futures.

Spot Contract

Futures Contract

Cryptocurrency Spreads

Bond Spreads

HotForex deals in bonds. It’s rare.

Stocks Spreads

The reason why traders choose HotForex

Looking at it this way, HotForex has the narrowest level of metal spreads, but is the spread of currency pairs and others are the nomal level.

However, HotForex is very popular in the world.

This is because it has the following advantages over other forex brokers.

Financial benefits include bonuses and cash back.

By taking full advantage of this, you can think of the actual spread as a bit narrower.

There are many other benefits as well.

In particular, compared to other brokers, educational content, various tools, services such as VPS are enriched, and these make HotForex a globally popular broker.

HotForex has also expanded into the African continent, has offices, and holds seminars in various African countries.

In Africa, forex and cryptocurrency investment seems to be booming these days, and the fact that to enter the African market is proof that HotForex’s investment capacity as a company is sufficient.

To trade with the narrowest spread as possible

Spreads should be as narrow as possible.

You can trade with a narrower spread by taking the following measures and precautions.

Do not trade during times when spreads widen

Spreads tend to be narrower when there are many trading participants in the market, that is when liquidity is high.

Also when the important economics news and indicators are accnounced, and when if there are big news in the world, spreads tend to widen as well.

You can prevent spreads from widening strangely by trading at the most normal time of day when trading is active.

Take advantage of bonuses

With HotForex, you can get a deposit bonus of up to $7,000 depending on the amount you deposit.

HotForex deposit bonus is 30%.

A 30% bonus will be given depending on the deposit amount.

This means that the spread will be effectively 30% narrower.

By making good use of the deposit bonus in this way, you can narrow the real spread.

Take advantage of cashback program

HotForex has two types of cashback programs.

One is “Self-rebate” and the other is “Loyalty program”.

For Self-rebate, the specified amount will be cashed back according to the amount of trade.

In the Loyalty program, points called HF bars are accumulated every time you trade, and you can exchange them for cash.

In other words, it can be considered that the real spread will be narrowed by the amount of cash back.

For the HotForex bonus program, please refer to the separate article “HotForex | Forex Broker Review“.

HotForex | Forex Broker Review

HotForex is very famous in the world and has a high reputation.HotForex is licensed by the financial authorities of many

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Summary

What did you think.

HotForex has the impression that the spread is a little wide depending on the currency pair and other products, but it can be said that it is a broker that can be fully used by taking advantage of deposit bonuses and cashback programs and devising ways to make it as narrow as possible. Isn’t it?

If you are still hesitant to use HotForex, why not open a real account, get deposit bonus and trade for the time being, or try a demo account.

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How to Utilize HotForex Free Demo Account

I will explain the HotForex demo account, which is a very popular broker with traders around the world.By opening a demo

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＼Just 3 minutes!!／
Open an Account

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