Question: Which HotForex MT4 account has lowest trading cost and spread?
Notice
This FAQ has ended its release period. Please check HotForex's latest information and campaign on HotForex's company introduction page.
HotForex - What's now?
We are no longer promoting HotForex. The information regarding to HotForex on the website '' maybe outdated. ref. HotForex
HotForex offers the raw-spread with only $6 per 1 standard lot commission on “VIP Account”.
In the official website, HotForex offers spread from 0.1 pip on the VIP account though, actually it is even lower in the MT4 account type.
Here is the spread captured during normal trading hours.
The trading commission is $6 per 1 standard lot, so the actual trading spread starts from 0.7 pips including the extra trading commissions.
The trading cost of the HotForex VIP account is one of the lowest among Forex brokers in the world, although the required minimum deposit amount is 20,000 USD, so the account is a bit hard to open for some retail traders.
By opening other HotForex account types, you can still benefit from its competitive spread and also all-time bonus promotions available for all retail traders.
More information of each account type, you can find it from the page here.
