I just opened a zero spread account at hot forex, but the spread seems similar to a micro account.
To Aris,
Generally, a zero spread account does not always have a spread of 0. Sometimes a zero spread account still applies a spread, only the spread size for a zero spread account is relatively smaller compared to other account types. And this applies to almost all forex brokers that provide zero spread accounts.
Regarding the trading account conditions of the zero spread offered by broker HotForex, I apologize in advance that I do not know directly. Because I personally have never tried trading with that broker. Please try contacting and reporting it directly to the customer service of the broker in question to confirm its truth. Also include attachments of real-time spread screenshots that are on your trading platform to strengthen your report.
Hopefully this can help.
@Aris
Indeed, the spread has been chaotic lately, Sir, very wide perhaps due to the lockdown impact in countries around the world due to the coronavirus. Almost all brokers are experiencing wider spreads except market maker brokers because the market is created by themselves. This forex business is not always smooth, Sir, obstacles are always there.