This is an article about GEMFOREX spreads.
As far as we can see from the official website, the spread of GEMFOREX is a little narrower, but the impression that I actually used GEMFOREX is that the spread tends to widen a little depending on the time of day.
In this article, I will explain the following:
- All spread list of GEMFOREX
- The reason why traders choose GEMFOREX
- How to narrow the spread as much as possible
What is Spread?
The difference between the selling price (Bid) and the buying price (Ask) is called a spread, and this is the actual commission of the Forex broker.
For details on why spreads widen, why spreads change depending on the broker, symbol, and time of day, etc., please refer to the separate article “Low Spread Forex Brokers“.
GEMFOREX Account Types
There are two types of GEMFOREX accounts in all.
All-in-one account and No-spread account.
It’s easy to misunderstand by name, but No-spread account is STP-style account, not an ECN, and spreads aren’t always zero.
However, although it is actually quite narrow, the big difference between All-in-one accounts and No-spread account is that No-spread accounts doesn’t offer any bonus programs.
As of February 2021, GEMFOREX is holding a Jackpot Deposit Bonus campaign, where you can get up to 1000% deposit bonus.
1000% !!!
There is no reason not to get a bonus after opening a real account with GEMFOREX, so I recommened to open an All-in-one account.
For more information on GEMFOREX account types, please see the separate article “GEMFOREX All Account Types | All-in-One account is recommended!“.
| All-in-One | No spread | |
|---|---|---|
| Method | STP | STP |
| Platform | MT4 | MT4 |
| Base currency | USD,JPY | USD,JPY |
| Contract size | 1 lot = 100,000 | 1 lot = 100,000 |
| Min trade volume | 0.01 lot | 0.01 lot |
| Max leverage | 1:1000 | 1:1000 |
| Margin call | 50% | 50% |
| Stop out | 20% | 20% |
| NBP | ✓ | ✓ |
| Min spread | 1.2pips~ | 0.0pips~ |
| Commission fee | X | X |
| Lot restriction per ticket | 30 lots | 30 lots |
| Max orders | 30 positions | 30 positions |
| Non-deposit bonus | ✓ | X |
| Deposit bonus | ✓ | X |
| Min deposit | $1 | $3,000 |
| EA | ✓ | X |
| Scalping | ✓ | ✓ |
| Stop level | 2.0pips(EURUSD) | 2.0pips(EURUSD) |
Spreads List in GEMFOREX
I have compiled a list of spreads for all products posted on the official website in an easy-to-understand manner.
Currency Pair Spreads
A list of currency pair spreads.
It depends on account types.
All-in-One Account
| Symbol | Min Spreads |
|---|---|
| AUDCAD | 2.5 |
| AUDCHF | 2.4 |
| AUDJPY | 1.6 |
| AUDNZD | 2.3 |
| AUDUSD | 1.5 |
| CADJPY | 2.0 |
| CHFJPY | 2.1 |
| EURAUD | 2.3 |
| EURCAD | 2.2 |
| EURCHF | 2.0 |
| EURGBP | 1.6 |
| EURJPY | 1.5 |
| EURNZD | 3.2 |
| EURUSD | 1.4 |
| EURZAR | 102.8 |
| GBPAUD | 3.2 |
| GBPCAD | 3.3 |
| GBPCHF | 3.1 |
| GBPJPY | 2.0 |
| GBPNZD | 3.0 |
| GBPUSD | 2.2 |
| NZDJPY | 2.1 |
| NZDUSD | 1.8 |
| USDCAD | 2.0 |
| USDCHF | 1.9 |
| USDCNH | 17.4 |
| USDJPY | 1.4 |
| USDMXN | 55.0 |
| USDSGD | 3.3 |
| USDTRY | 22.0 |
| USDZAR | 16.0 |
No-Spread Account
| Symbol | Average Spreads |
|---|---|
| AUDCAD | 2.4 |
| AUDCHF | 1.4 |
| AUDJPY | 0.6 |
| AUDNZD | 1.9 |
| AUDUSD | 0.3 |
| CADJPY | 1.2 |
| CHFJPY | 1.5 |
| EURAUD | 1.5 |
| EURCAD | 2.0 |
| EURCHF | 0.7 |
| EURGBP | 0.3 |
| EURJPY | 0.5 |
| EURNZD | 3.1 |
| EURUSD | 0.3 |
| EURZAR | 68.3 |
| GBPAUD | 3.1 |
| GBPCAD | 2.4 |
| GBPCHF | 1.6 |
| GBPJPY | 1.0 |
| GBPNZD | 2.9 |
| GBPUSD | 1.3 |
| NZDJPY | 0.3 |
| NZDUSD | 1.1 |
| USDCAD | 0.8 |
| USDCHF | 0.3 |
| USDCNH | 17.3 |
| USDJPY | 0.3 |
| USDMXN | 53.3 |
| USDSGD | 3.2 |
| USDTRY | 20.3 |
| USDZAR | 15.0 |
Metal Spreads
A list of metal spreads.
It depends on account types.
All-in-One Account
| Symbol | Min Spreads |
|---|---|
| XAUUSD | 3.0 |
| XAGUSD | 2.1 |
No-Spread Account
| Symbol | Average Spreads |
|---|---|
| XAUUSD | 2.1 |
| XAGUSD | 2.0 |
The reason why traders choose GEMFOREX
GEMFOREX has a narrower level of spreads, but there is still a reason to choose it.
This is because it has the following advantages over other forex brokers.
- Max 1:1000 high leverage
- Good support
- Deposit bonus campaign
- Negative protection system, you never be in debt
- No requote
- EA (Automatic Trading Tool) is provided free of charge
A financial benefit is a limited-time deposit bonus.
By taking full advantage of this, you can think of the actual spread as a bit narrower.
There are many other benefits, and I’m quite convinced that GEMFOREX is so popular with traders.
To trade with the narrowest spread as possible
Spreads should be as narrow as possible.
You can trade with a narrower spread by taking the following measures and precautions.
Do not trade during times when spreads widen
Spreads tend to be narrower when there are many trading participants in the market, that is when liquidity is high.
Also when the important economics news and indicators are accnounced, and when if there are big news in the world, spreads tend to widen as well.
You can prevent spreads from widening strangely by trading at the most normal time of day when trading is active.
Take advantage of bonuses
As of February 2021, GEMFOREX is offering a Jackpot deposit bonus.
With Jackpot Deposit Bonus, you can get a minimum deposit bonus of 2% and a maximum of 1000% depending on the deposit amount.
If you get a bonus, your margin will increase accordingly.
In other words, the image is that the spread narrows by the amount of the bonus.
By taking advantage of deposit bonuses, you can narrow your real spreads.
Please note that the bonus is only given to all-in-one accounts. Please be careful.
Summary
What did you think.
If you are still hesitant to use GEMFOREX, why not open a real account and get deposit bonus, and trade for the time being, or try a demo account.
＼Just 3 minutes!!／
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