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Hotforex broker: Reasons To Trade Forex With Hot Forex

Details

Broker Hotforex
Website URL https://hotforex.com
Founded 2007
Trading Platform Mt4, Mt5
Minimum 1st Deposit $5
Free Demo Account Open Demo
Regulation DFSA, FCA, PTY, CySEC etc.
US Traders Allowed No
Overall Score

Screenshots

Screenshot 1 Screenshot 2

HotForex is a forex and commodities broker, founded in 2007. Hot Forex broker and HF Markets are unified brand names of the HF Markets Group. They provide trading services and facilities to both retail and institutional traders. HF Markets (SV) Ltd is incorporated in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015. Hotforex is regulated by DFSA, FCA, PTY, CySEC etc.

While we write hotforex review; We found that this broker offer forex brokerage service worldwide. However hotforex does not provide their trading service in countries like USA, Canada, Sudan, Syria, North Korea. But to those that is accepted by the broker, its amazing option to trade online. May be the broker here will accept you to trade with them.

Hot Forex broker offer a good trading platform with affordable pricing. More-so it’s rated as best with customer support. Though as we go down in hotforex review, we will say more. But before that compare broker with hugosway broker .

Hotforex Account Types

Hot forex

Hot forex broker offer multiple account types, which start from micro, premium, zero spread, auto, pamm and hfcopy.
Therefore we will describe all account in details.

MICRO: This account is the smallest account size and best for beginners.
Minimum Deposit: $5
Maximum Leverage: 1:1000 *
Spreads Types: Variable
Spreads from (pips): From 1 pip
Max Simultaneous Open Orders: 150

PREMIUM: Premium account better to start with if you know how to trade. However user of this account have more benefits over others.
Minimum Deposit: $100
Maximum Leverage: 1:500 *
Spreads Types: Variable
Spreads from (pips): From 1 pip
Max Simultaneous Open Orders: 300

ZERO SPREAD: This account is more popular and widely used by traders. Equally have more features over the above account.
Minimum Deposit: $200
Maximum Leverage: 1:500
Spreads Types: Variable
Spreads from (pips): From 0 on Forex
Max Simultaneous Open Orders(*): 500 / (*)60 Standard lots per position

AUTO: This is good for well doing traders, it comes with Maximum 60 standard lot per position.
Minimum Deposit: $200
Maximum Leverage: 1:500 *
Spreads Types: Variable
Spreads from (pips): From 1 pip
Max Simultaneous Open Orders: 300

PAMM (PREMIUM): This is more an investment platform account, it allows you to earn by investing with hotforex.
Minimum Deposit: $250
Maximum Leverage: 1:300
Spreads Types: Variable
Spreads from (pips): From 1 pip
Max Simultaneous Open Orders: 500

HFCOPY: Highest level of trading account type they offer. The features are below, however for me I prefer this account.
Minimum Deposit: $500 for Strategy Provider, $100 for Follower
Maximum Leverage: 1:400
Spreads from (pips): From 1 pip
Max Simultaneous Open Orders: 300.

Hotforex Trading Platform

 

Hotforex

Hotforex broker offer the best trading platform with affordable pricing. Therefore traders can easily make money trading forex with the broker. However in the process of hotforex review, we tried the platform. It’s very intuitive and fast with execution of trades. More-so there’s 24/7 customer support to help you succeed.
Hot forex broker offer MetaTrader software as trading platform. However it range from MetaTrader4, MetaTrader5.
MetaTrader4: The MT4 can be installed on Mac OS through Wine, android, iOS, and web-based. Although the mac OS is not an official release by HotForex or MetaQuotes. However it is a workaround for Mac users to have the MT4 terminal on their system.
MetaTrader5: The mt4 is equally integrated into hotforex broker with best practice. It’s very fast in execution and easy access to liquidity markets. The mt5 can be installed on android, iOS, mac, tablet and desktop.

Compare hotforex broker with easyMarkets platform 

 

Payment and Withdrawal Methods

 

Hotforex broker is reliable to the extent that some countries pay via local banks. Invest securely with up to 15 payment methods including local banks. They offer credit and debit card payments methods. Bitcoin, neteller, union pay. Skrill, Wire transfer, Fasapay, vload, webmoney etc. However the minimum deposit on bank wire and crypto is $100, while vload is $10. Union pay minimum deposit is $50, but others is $5 minimum deposit. Moreover, there’s no fee on all deposit methods available.

 

Customer support

 

Hotforex broker is best with their support service and mode of operation. Their customer support agents is live 24/7. However since they offer livechat, phone and email support. If you decide not to use this, you can request for call back or use contact form. More-so, you can visit the center with Business Addresses, HF Markets (SV) Ltd. Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines. Their Global Support phone number is +44-2033185978.

 

Hotforex Review On Education.

 

Hot Forex caters extensively for beginners in starting their journey to become expert traders. They do this by providing the following educational tools:
Forex Education
Electronic trading courses
Tutorial Videos
Webinars
Events that are announced as they occur.

 

Hot Forex Research

 

Hot Forex offers an array of research tools that can be used by traders. Therefore, in order to conduct comprehensive and detailed technical and fundamental analysis; Such trader would not pay. Then in addition to catering for various types of trading strategies and techniques these include:
The Hot Forex Mobile Application (view the best forex trading apps)
VPS Hosting Service
Trader Tools
AutoChartist tools
Trading calculators
Exclusive analysis
Economic calendar, and more
Promotions and bonuses

 

Bonus And Advantage

 

Hot Forex has a range of rewards and bonuses calculated not simply in attracting new clients, but besides in gratifying from head to foot capacity traders and loyal customers, these bonuses and rewards include:

1: 100% super exciting bonus on deposits of US$250 and more, 30% rescue bonus on deposits over US$50, 100% thanks bonus for traders trading senior volumes.

2: Trading Rewards faithfulness plan based on four unusual reward levels depending on the degree existence traded and the full of zip trading time of the trader.

3: Trading contests in which traders get to your feet a gamble to attain a make of prizes.

4: Free tally funding which is provided to the complete live accounts. must the trader’s shore storm them for transactions on deposits or withdrawals, traders will be refunded for any fees waived.

5: Hot Forex moreover has a thick variety of market that is provided to loyal traders and partners

Hotforex Review Conclusion

 

Finally, we will conclude our hashfox review by telling you to start trading with confidence. Hotforex broker is a brand name of HF in providing brokerage services. The broker have served millions of traders worldwide. However they still provide a professional service at this point with fast increase. My best advice is, if you actually have thought of trading with hot forex broker, you are very safe trading with them. They offer secure and reliable trading platform with affordable minimum deposit. Start trading with hotforex broker now, however If you are not sure of hot forex, try NSBroker.

Therefore, Other brokers you should consider for binary options is expertoption. More-so you can check videforex platform and iqoption

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