Mega-Forex Broker HotForex with over 350,000 FX accounts. See their actual spread here.
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Do you live in South Africa? Then please go to HotForex ZA (South Africa) main introduction page.
HotForex is known to be a Mega-Forex Broker based in Europe.
The broker has opened over 350,000 Live Accounts in 6 years, and also have acquired 20 Forex Industry Awards from many recognized institutions.
Leverage up to 1:1000, Gorgeous Bonus Promotion and very educated customer supports.
One of the main advantage is their STP(Straight Through Processing) Execution. HotForex does not interfere clients’ trades nor restrict any types of trading methods on their platforms.
Also HotForex mentions that they offer very tight spread from 0.1 pip though, is that true?
The Average Spread of HotForex
We have opened the HotForex’s VIP account to see the live spread feeds.
The below is the actual spread we have captured in November 2016, during normal trading hours.
As you can see, the minimum average spread of HotForex MT4 “VIP” account is 0.1 – 0.3 pips.
In the HotForex VIP account, you will be charged $6 per 1 round turn lot, so the actual traing cost would be 0.7 – 0.9 pips only.
HotForex as a STP broker, offers very tight spread and low cost trading for retail traders.
It would be difficult to find another broker with this much low trading commissions and the same trading conditions.
Although the VIP account is available for clients with more than 20,000 USD of deposit. If you cannot afford that amount to invest in, then you are recommended to see other accounts that are available from 5 USD.
For more information of HotForex’s VIP account, please refer to here.
HotForex has many advantages for traders.
- Low cost of trading
- Bonus Promotions
- Customer Service
- Trading Conditions
In any of the above aspects, the broker offers better service than many other Forex brokers.
If you are looking for a Forex broker with better conditions, HotForex is recommended.