Question: Does HotForex really offer spread from 0.2 pip on MT4 VIP account? What's the actual spread?
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HotForex offers “raw spread” with the lowest trading cost through VIP account.
According to their official website, the spread starts from 0.2 pip in the account with only $6 per 1 lot of trading commissions.
Actually HotForex offers even tighter spread through the account.
Here is the VIP account’s spread we have captured during normal trading hours.
As you can see, the minimum spread starts from 0.1 pip with several major Forex currency pairs.
The trading commission in the account is $6 per 1 standard lot, so the actual total trading cost would be from 0.7 pips.
The spread and the trading cost is quite low comparing to many other Forex brokers.
For more information of the account type, please refer to the below page.
Trading Condition of HotForex VIP Account Type
HotForex offers a number of different account types and you can open them all to compare by yourself.
All accounts can be managed under your same profile.
For more information, please visit the Official Website.