I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].
GEMFOREX

GEMFOREX All Spreads Review | Spreads tend to widen?!


This is an article about GEMFOREX spreads.

As far as we can see from the official website, the spread of GEMFOREX is a little narrower, but the impression that I actually used GEMFOREX is that the spread tends to widen a little depending on the time of day.

In this article, I will explain the following:

You can know in this article;
  • All spread list of GEMFOREX
  • The reason why traders choose GEMFOREX
  • How to narrow the spread as much as possible

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 BrokersWhen trading Forex, the cheaper the commission, the better. Spreads vary by broker and currency pair. Among the brokers I actually use, I will introduce the recommended brokers with low fees....

GEMFOREX Account Types

There are two types of GEMFOREX accounts in all.

All-in-one account and No-spread account.

It’s easy to misunderstand by name, but No-spread account is STP-style account, not an ECN, and spreads aren’t always zero.

However, although it is actually quite narrow, the big difference between All-in-one accounts and No-spread account is that No-spread accounts doesn’t offer any bonus programs.

As of February 2021, GEMFOREX is holding a Jackpot Deposit Bonus campaign, where you can get up to 1000% deposit bonus.
1000% !!!

There is no reason not to get a bonus after opening a real account with GEMFOREX, so I recommened to open an All-in-one account.


For more information on GEMFOREX account types, please see the separate article “GEMFOREX All Account Types | All-in-One account is recommended!“.

All-in-OneNo spread
MethodSTPSTP
PlatformMT4MT4
Base currencyUSD,JPYUSD,JPY
Contract size1 lot = 100,0001 lot = 100,000
Min trade volume0.01 lot0.01 lot
Max leverage1:10001:1000
Margin call50%50%
Stop out20%20%
NBP
Min spread1.2pips~0.0pips~
Commission feeXX
Lot restriction per ticket30 lots30 lots
Max orders30 positions30 positions
Non-deposit bonusX
Deposit bonusX
Min deposit$1$3,000
EAX
Scalping
Stop level2.0pips(EURUSD)2.0pips(EURUSD)
GEMFOREX All Account Types | All-in-One account is recommended!GEMFOREX offers two account types. With comparing all account types, I will recommend the best account for you....

Spreads List in GEMFOREX

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

Currency Pair Spreads

A list of currency pair spreads.

It depends on account types.

All-in-One Account

SymbolMin Spreads
AUDCAD2.5
AUDCHF2.4
AUDJPY1.6
AUDNZD2.3
AUDUSD1.5
CADJPY2.0
CHFJPY2.1
EURAUD2.3
EURCAD2.2
EURCHF2.0
EURGBP1.6
EURJPY1.5
EURNZD3.2
EURUSD1.4
EURZAR102.8
GBPAUD3.2
GBPCAD3.3
GBPCHF3.1
GBPJPY2.0
GBPNZD3.0
GBPUSD2.2
NZDJPY2.1
NZDUSD1.8
USDCAD2.0
USDCHF1.9
USDCNH17.4
USDJPY1.4
USDMXN55.0
USDSGD3.3
USDTRY22.0
USDZAR16.0

No-Spread Account

SymbolAverage Spreads
AUDCAD2.4
AUDCHF1.4
AUDJPY0.6
AUDNZD1.9
AUDUSD0.3
CADJPY1.2
CHFJPY1.5
EURAUD1.5
EURCAD2.0
EURCHF0.7
EURGBP0.3
EURJPY0.5
EURNZD3.1
EURUSD0.3
EURZAR68.3
GBPAUD3.1
GBPCAD2.4
GBPCHF1.6
GBPJPY1.0
GBPNZD2.9
GBPUSD1.3
NZDJPY0.3
NZDUSD1.1
USDCAD0.8
USDCHF0.3
USDCNH17.3
USDJPY0.3
USDMXN53.3
USDSGD3.2
USDTRY20.3
USDZAR15.0

Metal Spreads

A list of metal spreads.

It depends on account types.

All-in-One Account

SymbolMin Spreads
XAUUSD3.0
XAGUSD2.1

No-Spread Account

SymbolAverage Spreads
XAUUSD2.1
XAGUSD2.0

The reason why traders choose GEMFOREX

GEMFOREX has a narrower level of spreads, but there is still a reason to choose it.

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

  • Max 1:1000 high leverage
  • Good support
  • Deposit bonus campaign
  • Negative protection system, you never be in debt
  • No requote
  • EA (Automatic Trading Tool) is provided free of charge

A financial benefit is a limited-time deposit bonus.

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

There are many other benefits, and I’m quite convinced that GEMFOREX is so popular with traders.

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

As of February 2021, GEMFOREX is offering a Jackpot deposit bonus.

With Jackpot Deposit Bonus, you can get a minimum deposit bonus of 2% and a maximum of 1000% depending on the deposit amount.

If you get a bonus, your margin will increase accordingly.

In other words, the image is that the spread narrows by the amount of the bonus.

By taking advantage of deposit bonuses, you can narrow your real spreads.

Please note that the bonus is only given to all-in-one accounts. Please be careful.

Summary

What did you think.

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

GEMFOREX | How to Open an AccountPerfect explanation of how to open an trading account. What is the steps? What kind of document is needed for PLE and POA? You can know all and open an account within 3 minutes!...
How to Utilize GEMFOREX Free Demo AccountGEMFOREX allows to open demo accounts. Anyone can use it for free. By using the demo account, you can practice trading and check the actual trading conditions....

\Just 3 minutes!!/
Open an Account

Official Site

ABOUT ME
KandA
KandA
I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].