Hotforex review

1. WHAT IS HOTFOREX?

HotForex is an award winning Forex and commodities broker. For retail and institutional clients, it provides trading services and facilities. Various account types are offered, along with trading software and tools to assist customers who want to trade Forex and CFDs online. State of the art automated trading platforms are used, giving clients the opportunity to view interband spreads and liquidity.

HotForex is able to offer all the tools and services needed to make a trader’s life easier and to aid in the realization of their trading ambitions. Since the brand first entered the world of Forex trading, it has been scooping awards left, right and center. Here are just a few of them:

• Best New forex broker South Africa 2016 -Global banking & Finance review awards
• Best Forex News and Analysis Provider 2016 – Mena Dubai FX Show
• Best FX Online Broker 2015 – New Europe Magazine
• Best Customer Service 2015 – European CEO Awards
• Best Forex Broker in China 2013 – CIOT Expo
• Best Online Broker Asia 2013 – World Finance Magazine
• Top 100 Companies – World Finance Magazine

2. HOTFOREX PLATFORM?

With HotForex there are a number of different options, depending on the way you prefer to trade:

• iPad trader for HotForex.
• Android trader for HotForex.
• MT4 smartphone for HotForex
• MT4 terminal for PC and MAC.

3. PAYMENT METHODS:

• Visa/Matercard.
• Neteller/Skrill.
• Unionpay/Fasapay/Webmoney.
• Wire transfers/ Local Bank transfers.
• Bitcoin

4. TYPES OF ACCOUNTS

HotForex is committed to providing its clients with the best trading conditions possible. HotForex offers a wide variety of account types, all with highly competitive and distinct trading conditions, specifically designed to meet the needs and demands of all types of traders.

4.1 MICRO ACCOUNT:

• Minimum Deposit (USD): $5
• Maximum Leverage: 1:1000
• Spreads Types: Variable
• Spreads from (pips): 1
• Max Simultaneous Open Orders: 150
• Check more detail Micro account here

4.2 PREMIUM ACCOUNT:

• Minimum Deposit (USD): $500
• Maximum Leverage: 1:400
• Spreads Types: Variable
• Spreads from (pips): 1
• Max Simultaneous Open Orders: 300
• Check more detail Premium account here

4.3 ZERO ACCOUNT:

• Minimum Deposit (USD): $100
• Maximum Leverage: 1:200
• Spreads Types: Variable
• Spreads from (pips): 0
• Max Simultaneous Open Orders*: 500 / *60 standard lots per position
• Check more detail Zero account here

4.4 FIXED ACCOUNT:

• Minimum Deposit (USD): $500
• Maximum Leverage: 1:400
• Spreads Types: FIXED
• Spreads from (pips): Fixed(Forex)
• Max Simultaneous Open Orders: 300
• Check more detail Fixed account here

4.5 VIP ACCOUNT:

• Minimum Deposit (USD): $20,000 / € 18,500
• Maximum Leverage: 1:300
• Spreads Types: Variable
• Spreads from (pips): 0
• Max Simultaneous Open Orders: 400
• Check more detail VIP account here

4.6 AUTO ACCOUNT:

• Minimum Deposit (USD): $500
• Maximum Leverage: 1:400
• Spreads Types: Variable
• Spreads from (pips): 1
• Max Simultaneous Open Orders: 300
• Check more detail AUTO account here

4.7 PAMM ACCOUNT:

• Minimum Deposit (USD): $250
• Maximum Leverage: 1:300
• Spreads Types: Variable
• Spreads from (pips): 1
• Max Simultaneous Open Orders: 350
• Check more detail PAMM account here

4.8 HFCOPY ACCOUNT:

• Minimum Deposit: $500 for Strategy Provider, $100 for Follower
• Maximum Leverage: 1:400
• Spreads from (pips): 1
• Max Simultaneous Open Orders: 300
• Check more detail HFcopy account here

5. The benefits of using HotForex

• Trading conditions are very favorable
• Unlimited earning potential
• Top notch and very informative trading tools
• A wide range of account types to suit different traders
• Platforms that are convenient and easy to navigate
• Trading is safe and secure – Licensed and regulated by CySEC, with clients funds held in segregated accounts.

“HotForex has made further efforts to safeguard its liabilities against Clients and other third parties with a Civil Liability insurance program for a limit of €5,000,000, which includes market leading coverage against errors, omissions, negligence, fraud and various other risks that may lead to financial loss. There is no additional cost to our clients for this cover.”