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].
HotForex

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:

You can know in this article;
  • All spread list of HotForex
  • The reason why traders choose HotForex
  • 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....

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.

MICROPREMIUMZERO SPREAD
MethodSTPSTPECN
PlatformMT4, MT5MT4, MT5MT4, MT5
Base currencyUSD,EUR,NGNUSD,EUR,NGNUSD,EUR,NGN
Contract size1 lot = 100,0001 lot = 100,0001 lot = 100,000
Min trade volume0.01 lot0.01 lot0.01 lot
Max leverage1:10001:5001:500
Margin call40%50%50%
Stop out10%20%20%
NBP
Min spread1.0pips~1.0pips~0.0pips~
Commission feeXXRound $6/lot
Lot restriction per ticket7 lots60 lots60 lots
Max orders150 positions300 positions300 positions
Non-deposit bonus
Deposit bonus
(MT5 X)

(MT5 X)
X
Rebate
Min deposit$5$100$200
EA
Scalping
Stop level3.0pips(EURUSD)3.0pips(EURUSD)2.0pips(EURUSD)

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?HotForex offers six account types. With comparing all account types, I will recommend the best account for you....


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

SymbolSpreads (pips)
CADCHF2.3
CADJPY2.7
CHFJPY2.7
EURCAD2.6
EURCHF1.9
EURGBP1.5
EURJPY1.6
EURUSD1.2
GBPCAD4.1
GBPCHF2.4
GBPJPY2.9
GBPUSD1.7
USDCAD1.8
USDCHF1.8
USDJPY1.7

Minor Currency Pair

SymbolSpreads (pips)
AUDCAD3.3
AUDCHF4.0
AUDJPY2.3
AUDNZD3.9
AUDSGD3.0
AUDUSD1.5
CHFSGD3.6
EURAUD3.4
EURHUF66.8
EURNOK33.6
EURNZD6.9
EURPLN31.8
EURSGD4.1
EURZAR100.0
GBPAUD4.1
GBPNZD5.1
GBPSGD4.2
GBPZAR147.6
NZDCAD5.5
NZDCHF4.2
NZDJPY1.8
NZDUSD1.9
SGDJPY2.8
USDCNH25.0
USDCZK23.1
USDDKK18.9
USDHKD8.8
USDHUF34.0
USDMXN70.0
USDNOK24.7
USDPLN32.6
USDRUB850.9
USDSEK27.6
USDSGD5.8
USDTHB2.4
USDTRY95.0
USDZAR90.0
ZARJPY3.7

Metal Spreads

Metal spreads are narrower than other brokers.

SymbolDescriptionSpreads
(Currency par Unit)
PalladiumPalladium11.4
PlatinumPlatinum4.31
XAGEURSilver/Euro0.032
XAGUSDSilver/US Dollar0.03
XAUEURGold/Euro2.14
XAUUSDGold/US Dollar0.29

Energy Spreads

SymbolDescriptionSpreads
(Currency par Unit)
UKOILUK Brent Oil0.07
USOILUS Crude Oil0.11

Commodity Spreads

SymbolDescriptionSpreads
(Currency par Unit)
CocoaUS Cocoa9
CoffeeCoffee0.98
CopperCopper0.008
CottonUS Cotton No.20.28
SugarSugar #110.06

Index Spreads

There are sport and futures.

Spot Contract

SymbolDescriptionSpreads
Currency par Unit
AUS200Australian 2001.6
FRA40France 401.3
GER30Germany 301.41
JPN225Japan 2259.3
NETH25Netherlands 250.23
SPA35Spain 354.5
SUI20Switzerland 204.3
UK100UK 1003.66
USA100US Tech 1002.03
USA30US Wall Street 302.57
USA500.SUS SPX5000.41

Futures Contract

SymbolDescriptionSpreads
Currency par Unit
EU50.FEU STOXX 503.13
FRA40.FFrance 404.73
GER30.FGermany 304.74
JP225.FJapan 22511.3
N25.FNetherlands 250.53
SUI20.FSwitzerland 205
UK100.FUK 1003.63
US100.FUS Tech 1003.13
US30.FUS Wall Street 308.13
US500.FUS SPX5000.83
USDIndexUS Dollar Index0.04
VIX.FVolatility Index SP 5000.14

Cryptocurrency Spreads

SymbolDescriptionSpreads
(Currency par Unit)
BCHUSDBItcoin Cash1.3
BNBUSDBinance Coin0.1
BTCEURBitcoin Euro30
BTCUSDBitcoin US Dollar26
EOSUSDEOSUSD0.08
ETHEUREthereum Euro3.1
ETHUSDEthereum US Dollar3
LTCEURLitecoin Euro2
LTCUSDLitecoin US Dollar2
XLMUSDStellar Lumens0.0006
XMRUSDMonero1.7
XRPUSDRipple US Dollar0.014

Bond Spreads

HotForex deals in bonds. It’s rare.

SymbolDescriptionSpreads
(Currency par Unit)
EUBUND.FEuro Bund0.05
UKGILT.FUK Gilt0.05
US10YR.FUS 10-year Treasury Note0.07

Stocks Spreads

SymbolDescriptionSpreads
(Currency par Unit)
Adidas.KEURONEXT – Adidas Salomon0.33
AIRFKLM.KEURONEXT – Air France – Klm0.017
ALCOANYSE – Alcoa0.04
ALIBABANYSE – ALIBABA0.2
AMAZONNASDAQ – Amazon1.3
AMEXNYSE – American Express0.06
ANGLOLSE – Anglo American2.56
APPLENASDAQ – APPLE0.5
Bankia.KMAC – Bankia SA0.017
BARCLSE – Barclays0.5
Bayer.KEURONEXT – Bayer AG0.13
BBVA.KMAC – BBVA0.013
BOANYSE – Bank Of America0.04
BOEINGNYSE – Boeing Co0.13
BPLONLSE – BP Plc1.13
CanopyNYSE – Canopy Growth Corp0.03
CHEVRONNYSE – Chevron Corp0.04
CISCONASDAQ – Cisco Systems0.04
COKENYSE – Coca Cola Inc.0.04
Daimler.KEURONEXT – Daimler AG0.12
Danone.KEURONEXT – Danone0.14
EBAYNASDAQ – eBay0.04
FBNASDAQ – FaceBook Inc0.6
GENYSE – General Electric0.04
GOOGLENASDAQ – Google1.09
GSNYSE – Goldman Sachs0.16
GW_PharmaNASDAQ – GW Pharmaceuticals0.72
HLTNYSE – Hilton0.1
HSBCLLSE – HSBC Holdings0.49
Iberdrola.KMAC – Iberdrola0.018
IBMNYSE – IBM0.06
ICAGIC Airlines Group0.4
ILMNNASDAQ – Illumina Inc0.41
INTELNASDAQ – Intel0.04
LLOYLSE – Lloyds TSB Group Plc.0.49
Lufthansa.KEURONEXT – DT Lufthansa0.11
LVMH.KEURONEXT – Moet Hennessy Louis Vuitton SE0.31
Mapfre.KMAC – Mapfre0.016
MCARDNYSE – MasterCard0.22
MCDONNYSE – McDonalds0.14
MSFTNASDAQ – Microsoft0.04
NatwestLSE – NatWest Group0.5
NetflixNASDAQ – Netflix0.37
PFIZERNYSE – Pfizer0.04
QCOMNASDAQ – Qualcomm Inc.0.06
RIOLSE – Rio Tinto Group1.14
RollsRoyceLSE – Rolls-Royce0.26
Santander.KMAC – Banco Santander0.012
Telefon.KMAC – Telefonica0.012
TESCOLSE – Tesco Plc0.49
TeslaNASDAQ – Tesla Motors0.26
TEVANASDAQ – Teva Pharmaceutical0.04
TilrayNASDAQ – Tilray1.01
TWTRNYSE – Twitter0.04
VODLSE – Vodafone0.7
Volksw.KEURONEXT – Volkswagen AG0.2

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.

  • Max 1:1000 high leverage
  • Max $7,000 deposit bonus
  • Cashback program (max $8,000)
  • Negative protection system, you never be in debt
  • Free deposit and withdrawal fees
  • Both of MT4 and MT5 allowed
  • Enriched seminars and educational content
  • No requote
  • Good support
  • Expanding into markets around the world and have corporate strength

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 ReviewIs FotForex a good broker? Are they scammer? Review from trader's point of view who really use HotForex. Ultimately you can decide HotForex is suitable for you or not!...

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.

HotForex | 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 HotForex Free Demo AccountHotForex 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].