HotForex Fees - Comparison Fees with Similar Brokers

HotForex Fees - Comparison Fees with Similar Brokers


Introduction

Trading costs with HotForex vary depending on the market being traded, the account type opened and the regulator used. Generally, every account except the Zero Spread account comes with commission-free trading on Forex pairs with spreads starting from 1 pip. The Zero Spread account offers spreads from 0 pips on Forex but with commissions payable per trade, as shown below:

HotForex Fees - Comparison Fees with Similar Brokers

HotForex does not offer fixed spread. HotForex does not charge additional fees or commission, thus your calculation of the position is quite seamless and easy despite the level of trader you are.

Spreads fees defined by the account type you use, thus Micro Account spread starting from 1 pip and Zero Account obviously offers 0 fee which averages spread from 0.2 pips most often. However, the difference between trading costs also defined by the margin requirements, which increase almost double in case you wish to trade with 0 spread. So make sure to verify account conditions in detail before you sign in.

Below you may see a comparison of the most popular instruments, the typical spread based on Standard conditions, as well for your information compare fees to another broker FP Markets.


Comparison between HotForex fees and similars Brokers

Asset/ Pair HotForex FXTM XM
EUR USD 1.2 pips 1.5 pips 1.6 pips
Crude Oil WTI 5 pips 9 pips 5 pips
Gold 19 9 35
BTC USD 30 20 60
Inactivity fee Yes Yes Yes
Deposit fee No No No
Fee ranking Low Average High


Spreads and swap information as shown below for HotForex accounts opened from the St. Vincent and the Grenadines entity, HF Markets (SV) Ltd:


HotForex Fess

HotForex Forex Trading

HotForex Fees - Comparison Fees with Similar Brokers

HotForex Indices Trading

HotForex Fees - Comparison Fees with Similar Brokers

HotForex Metals Trading

HotForex Fees - Comparison Fees with Similar Brokers
 

HotForex Crypto Trading

HotForex Fees - Comparison Fees with Similar Brokers

HotForex Share Trading

HotForex Fees - Comparison Fees with Similar Brokers

Overnight Fee

As well always consider overnight or rollover fees as trading costs in case you holding an open position longer than a day. This fee is defined by each instrument separately and you will see it directly from the platform or upon the opening of the trade, see below example with Cryptocurrencies.

However and unless you trading through swap-free accounts designed to traders following Sharia rules, as these accounts restricted from any interest rates or swaps.


An overview of the Non Trading Fees

Lastly, there is a fee charged in case you didn’t use your account and show no activity for 6 months or more. After this your account entitled to 5$ HotForex inactivity fee per month.

Despite this, there are no deposit fees or some of the withdrawals are free as well, which we will see in our HotForex review further.

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