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If put lot 1 how much much hot forex deduct commision?

Hot Forex is one of the most popular online forex brokers in the world. It offers a wide range of trading services to traders of all levels of experience, from beginners to advanced traders. One of the most important things to consider when trading with Hot Forex is the commission that the broker charges. In this article, we will explore how much commission Hot Forex deducts when you put lot 1.

Before we delve into the details, it is important to understand what a lot is. In Forex trading, a lot is a unit of measurement that refers to the size of a trade. One standard lot is equal to 100,000 units of the base currency. For example, if you are trading the EUR/USD currency pair, one standard lot of EUR/USD is equal to 100,000 euros.

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Now, let’s get back to the commission charged by Hot Forex. The commission charged by Hot Forex depends on the type of account you have. Hot Forex offers several types of accounts, including Micro, Premium, Zero, and Auto. Each account has its own commission structure.

If you put lot 1 in a Micro account, Hot Forex will deduct a commission of $6 per lot. This means that if you trade one lot of EUR/USD in a Micro account, you will be charged a commission of $6. If you trade two lots, you will be charged a commission of $12, and so on.

In a Premium account, the commission charged by Hot Forex is lower than in a Micro account. If you put lot 1 in a Premium account, Hot Forex will deduct a commission of $4 per lot. This means that if you trade one lot of EUR/USD in a Premium account, you will be charged a commission of $4. If you trade two lots, you will be charged a commission of $8, and so on.

In a Zero account, Hot Forex charges zero commission. However, the spreads are higher in a Zero account compared to a Micro or Premium account. This means that you will pay more in spreads in a Zero account than in a Micro or Premium account.

In an Auto account, the commission charged by Hot Forex depends on the strategy provider you choose. The commission charged by the strategy provider will be added to the commission charged by Hot Forex. This means that the commission charged in an Auto account can vary depending on the strategy provider you choose.

In conclusion, the commission charged by Hot Forex when you put lot 1 depends on the type of account you have. If you have a Micro account, Hot Forex will deduct a commission of $6 per lot. If you have a Premium account, Hot Forex will deduct a commission of $4 per lot. If you have a Zero account, Hot Forex charges zero commission but the spreads are higher. If you have an Auto account, the commission charged by Hot Forex depends on the strategy provider you choose. It is important to consider the commission charged by Hot Forex when choosing the type of account to open.

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