hotforex review

Hotforex Review 2017

Hotforex.com is a brand name of HF Markets Ltd, widely known as hotforex broker. Hotforex started their journey in forex industry back in 2008. Officially since 2010 they are in forex trading operation. Since then they have been awarded several times for their Honesty, Openness and Transparency of services and products. They use to be regulated by CySEC since 2012, but in 2016 due to some technical difficulties few clients lose their funds and they complain to CySEC, later CySEC cancelled HF regulation.

At Present HF Markets (SV) Ltd is registered in St. Vincent & the Grenadine as an International Broker Company with the registration number 22747 IBC 2015.

It does not matter, whether they are regulated or not. Even it is not an issue where they are regulated from. There are many trusted regulatory authorized brokers doing scam and making money.

In that case, HF Market is pretty honest and so transparent. They do keep their promises. If you trade fairly and make profit HF never stop your money. They will always pay you. Even I have seen 1000+ reviews on many websites and blogs that traders are commenting and recommending hotforex as the best forex trading broker in the markets. Not only traders many HF partners are happy and recommending hotforex to other affiliate marketers.

Their head office and operational office located in St. Vincent and the Grenadines.

So, I can tell you that you can trade with hotforex without any fear.

Hotforex Educational and Trading Features Review

Hotforex always there for you to teach you and to make your trade profitable. They are famous and awarded for their awesome technical and fundamental trading analysis service. On their website, you can find lots of educational resources regarding forex trading, technical issues, technical analysis and financial market condition analysis.

Education at hotforex

Michael Ballack Of Trading

It is a new trading education method. Where they will train you constantly until you become a successful and confident trader. This is important for the times when you are under big pressure because you will be more confident and you will know how to react under stress because you have trained for it!

That’s why you need to familiarize yourself with the processes of trading in a risk-free environment. Beginners should start trading with a demo account before opening a live account, and even later on, experienced traders should do regular training updates. Automatisms will help you stay fit when you are under stress.

Hotforex E-Course

In this course, you will learn:

  • The basics of Forex Theory
  • The Basics of Forex Trading
  • Reading and Interpreting Charts
  • Trading Strategies
  • The Right Trading Psychology
  • Technical Analysis

Hotforex Video Tutorials

Hotforex financial experts created over 30 educational and forex trading training videos for the beginner and experienced traders. Each video is designed with details information and trading technics. You will learn many things from those videos. Because all these videos are explained very nicely.

Hotforex Webinars

Hotforex webinars are designed to improve your FX knowledge and help you hone your trading skills to give you the confidence you need to trade the markets! Whether you are a beginner or an experienced trader, HF Markets experienced market analysts will guide you through key forex strategies and concepts.

Every live webinar is followed by a Q&A session, giving you the opportunity to put your questions to the presenter!

By joining hotforex webinars you can:
  • Watch our experts analyses the markets live
  • Strengthen your trading skills and knowledge
  • Ask questions and get the answers you need
  • Access past webinars to refresh your memory
  • Get valuable training that is not readily available online
  • Discover industry tips and tricks from the pros

Hotforex Tools

Hotforex has all the tools and apps for you to make you more successful and profitable trader. Every tool is designed and programmed by professional financial analyst and programmer. Every tool is designed for specific reasons. There are over 17 trading tools. See full list of HF Markets tools on their website.

Hotforex Trading Platforms Review

Forex market is active 24/5. Daily financial trading markets start with Japan stock markets and close with USA stock exchange.  During daily trading session market over laps 3 more major financial trading markets which are, Australia Market, German Market and London Market. As it is a 24-hour active online trading market and it has no control center, that is why we need something that we can get connected with this market and get instant market quotes and all necessary update. With this in mind every forex broker offers a special trading software, which is widely known as forex trading platform. Unlike any other forex broker hotforex also offers trading platform for their traders. This platform is known as metatrader4. Metatrader4 is designed and developed by meta quotes corporation. MT4 or metatrader 4 was introduced to the markets in 2002. Since than every broker adopts this platform to serve their clients.

HF Markets also has this innovative trading platform for their clients. The have customized this platform for all types of traders and devices.

All in all, there are 8 trading platforms to choose from at Hotforex.com. These include:

  1. Hotforex MT4 for Desktop
  2. Hotforex metatrader 4 Mac
  3. Hotforex MT4 webtrader
  4. Trading MT4 platform for Smartphone Mobile
  5. Hotforex Metatrader 4 For Iphone
  6. Hotforex Metatrader 4 ipad Trader
  7. Hotforex Metatrader 4 android
  8. Hotforex rapidtrader API
  9. Blackberry Trader (Coming Soon)

 

Hotforex MT4 for Desktop, Mac and Linux Review

Metatrader 4 is a well-known software for forex trading. Hotforex also offers this pioneer trading platform for their traders. You can Download Metatrader 4 for your desktop or Mac pc and install.

Metatrader 4 platform is the most innovative user-friendly front-end trading interface with interbank liquidity and fast execution.

The hotforex MT4 Terminal is a perfectly equipped trader’s workplace that allows to trade in the financial markets (Forex, CFD and Futures). It provides the necessary tools and resources to analyze price dynamics of financial instruments, make the trade transactions, create and use automated trading programs (Expert Advisors). It represents the all-in-one concept and is derived from the most popular trading terminal in the world.

Advantages & Benefits

  • User friendly interface.
  • News feeds directly integrated with trading platform.
  • Preprogrammed analytical tools.
  • The ability to overlay analytical studies.
  • Multiple charting and analysis.
  • Encourages the development of
  • You can use your own expert advisors
  • Multilingual platform.
  • Daily account statement.
  • Real time client account summary,
  • Including account equity, floating profit and loss etc.
  • Trailing stop loss facility and so on.

Hotforex Metatrader 4 Webtrader Review

Metatrader 4 Webtrader is a cutting edge, user friendly web trading platform.  You do not have to download any software and install in your desktop or laptop computer. It is very simple to use, all you have to visit HF website and launch the Webtrader platform. It will start seamlessly, then you have to login using your login ID and password given by HF. Their main advantages and features are:

  • Instant Access on the Internet
  • Multi-lingual and compatible with the MT4 trading environment
  • No installation and Download required
  • Single Login details as in MT4 Account
  • Web-based multiple charting.
  • 9 chart timeframes
  • 3 types of price charts (bars, candles, lines)
  • Configurable charts and real-time quotes in Market Watch
  • One-Click trading
  • Trade directly from chart
  • Analytical tools and objects: horizontal, vertical and trend line, equidistant channel and Fibonacci lines.

Mobile Trading Platform Review

HF mobile trading platform is a unique and cutting-edge software for mobile trader. This platform is ideal for those who always on the move. HF has prepared this platform for them that their trader can install it in their mobile devices and use when they are moving. Mobile platform has all the features and tools for you, that you can open your trade seamlessly and close them any time you want.  Also, HF integrated news feed tools with this mobile platform to provide you all the updated market news instantly. Hotforex Mobile Platform is available for Android, iPhone, iPad and basic smart phones. For more information regarding trading plat form you can talk to HF support team via chat, mobile or email. Their support team is 24/5 available for you.

Hotforex Trading Accounts Review

Hotforex offers a wider variety of trading account types than any other broker I have reviewed. All accounts are designed with highly competitive, user friendliness and distinct trading conditions to meet all traders needs and demands. Market quotes updates instantly. You can open and close trades instantly without any intervention. There are not re-quotes and almost no slippage.

Types of Trading Accounts They Are Offering for Traders

They are committed to provide the best trading conditions and facilities in the market. With this in mind they have designed several trading account types to fulfill trader’s needs and demands.

Now traders have the choice of 8 different types of trading accounts. They comprise of:

MICRO Trading Account

  • Minimum Deposit (USD): $5
  • Maximum Leverage: 1:1000
  • Spreads Types: Variable
  • Spreads starts from: 1 pips
  • Max Open Orders: 150
  • Execution: Market Execution
  • No commission for the micro account traders
  • Traders can enjoy various flexible bonus offer
  • Margin Call / Stop out level: 40% / 10%
  • Maximum Total Trade Size: 5 Standard lots
  • Minimum trade size: 01 lot
  • Trading Instruments Forex, Indices, Commodities and Share cfds

PREMIUM Trading Account

  • Trading Platform: Metatrader 4, Webtrader and Mobile Trading
  • Minimum Required Deposit (USD): $500
  • Trading Instruments Forex, Indices, Commodities and Share CFD’s
  • Maximum Leverage: 1:400
  • Execution: Market Execution
  • Maximum Total Trade Size: 60 Standard lots
  • Spreads Types: Variable
  • Spreads starts from (pips): 1
  • Max Simultaneous Open Orders: 300
  • Margin Call / Stop out level: 50% / 20%
  • Telephone Trading is allowed for this account holder
  • Commission: No
  • Raw bonus: Flexible Bonus Offerings

ZERO Trading Account

  • Minimum Deposit (USD): $100
  • Maximum Leverage: 1:200
  • Spreads Types: Variable
  • Suitable for: scalpers, high-volume traders and those who trade with Expert Advisors
  • Spreads starts from (pips): 0
  • Max Simultaneous Open Orders*: 500 / *60 standard lots per position
  • Execution: Market Execution
  • Commission: Yes
  • Personal Account Manager will be assigned for you
  • Limit and Stop Levels: Starting from 2 pips
  • Per round lot you can receive up to $12

Want to See the full list hotforex Average Spreads for the Zero Account type.

FIXED Spread Trading Account

Fixed spread account is designed for those who wants to trade with fixed spread rather than variable spread. This account type enables you to make carefully calculated trading decisions based on your specific conditions and allows for the implementation of trading strategies with maximum control. FIX accounts also work well with any Expert Advisors that are designed to function with fixed spreads. Fixed account features are:

  • Minimum Deposit (USD): $500
  • Maximum Leverage: 1:400
  • Spreads Types: FIXED
  • Execution: Market Execution
  • Flexible bonus is available for fixed account traders, but there is no commission.
  • Trading Instruments Forex, Indices, Commodities and Share cfds
  • You can enjoy telephone trading as a fixed account trader
  • Spreads from (pips): Fixed(Forex)
  • Max Simultaneous Open Orders: 300
  • Margin Call / Stop out level: 50% / 20%
  • Minimum trade size: 01 lot
  • Maximum Trade Size: 60 standard lots per position

VIP Trading Account

  • Trading Platform: MetaTrader 4, Webtrader and Mobile Trading
  • Required Minimum Deposit: $20,000 / € 18,500
  • Maximum Leverage: 1:300
  • Market Execution
  • Spreads Types: Variable
  • Spreads starts from: 0.2 pips
  • Max Simultaneous Open Orders: 400
  • Maximum Trade Size: 80 standard lots per position
  • Commission: $6/€5 per round-turn standard lot
  • Agent Commission: 3
  • As a VIP account holder, you can enjoy THREE Private 30 minute Consultations with hotforex Senior Analyst Stuart Cowel
  • Upon request a complimentary subscription to hotforex Daily Market Updates SMS Service, and much more.

For more information regarding VIP account and registration process you can contact HF VIP support team via: [email protected]

Hotforex AUTO Trading Account

The hotforex Auto Trading Account is the best option for the novice investors by giving them the opportunity to subscribe for free and paid Trading Signals. The Auto Trading Tools is built-in to the hotforex MT4 trading terminal. Using auto trading tools traders can automatically copy the signals of any Signal Provider.

Hotforex Auto Trading Account clients can subscribe to Signals via the metatrader 4 Platform.

Auto Trading Account Features are:
  • Trading Instruments Forex, Indices, Commodities and Share cfds
  • Required Minimum Deposit: $500
  • Execution Type: Market Execution
  • Minimum trade size: 01 lot
  • Trade size increment: 01
  • Maximum Leverage: 1:400
  • Maximum Trade Size: 60 standard lots per position
  • Spreads Types: Variable and starts from 1 pips
  • Max Simultaneous Open Orders: 300
  • Margin Call / Stop out level: 50% / 20%
  • Personal Account Manager will be assigned for you
  • Telephone trading is allowed for this account holder

PAMM Account Trader

As a PAMM account manager you will have opportunity to select one PAMM account among two different account. Because hotforex offers two different types of PAMM Trading account for you.

PAMM Premium Trading Account
  • Trading Platform: metatrader 4
  • Required minimum opening deposit: USD $250
  • Spreads starts from 1 pip
  • Spreads are floating
  • Trading Instruments: Forex – Metals – Oil – Indices
  • Max leverage: 1:300
  • Execution Type: Market Execution
  • Minimum trade size: 0.01 lot
  • Margin Call / Stop out level: 50% / 20%
  • Telephone trading is allowed
  • There is no commission for premium account
PAMM Premium Plus Trading Account
  • Trading Platform: metatrader 4
  • Required minimum opening deposit: USD $250
  • Spreads starts from 0.2 pip
  • Spreads are floating
  • Trading Instruments: Forex – Metals – Oil – Indices
  • Max leverage: 1:300
  • Execution Type: Market Execution
  • Minimum trade size: 0.01 lot
  • Margin Call / Stop out level: 50% / 20%
  • Telephone trading is allowed
  • Commission: $5.00 per 100,000 USD traded ($10 round turn)

How Does the hotforex PAMM Program Work? To know more about PAMM account visit HF website

 

Islamic Trading Account

Islamic trading account is a swap free forex trading account. Company does not charge any swap fee for the overnight trading. Islamic trading account is specially designed for the Muslim people from the Muslim countries. This account is fully complied with Islamic shariah.

Features of Islamic account:
  • Trading Platform: MetaTrader 4, Webtrader and Mobile Trading
  • Spreads: From 1 pip
  • Trading Instruments: Forex, Indices, Commodities and Share CFD’s
  • Execution: Market Execution
  • Telephone Trading: Yes
  • Account Currency: USD, EUR

You can open any type of Islamic sharia account.

Hotforex Deposits/Withdrawals Methods Review

To enjoy live trading, you have to open a real trading account with hotforex broker and make a deposit according to the types of account. Depositing and withdrawing fund is the main issue for the traders. Most of the time traders seek for the broker who can process instant deposit and withdrawal. If they found any issue with fund deposit or withdrawal they leave the broker and do not come back to trade.

HotForex is very serious about this fact. As they are committed to provide the best service, so that they have added bunch of deposit and withdrawal method for their clients. Now you can deposit or withdraw your fund any time you want from anywhere in the world. It takes 1 hour to 3-hour maximum for fund deposit or withdrawal process to be available into your account. Bank wire transfer usually take 3 to 5 maximum business days to be available into your account. There are no fees on depositing or withdrawal your fund.  Hotforex take care of that part.

Available deposit methods and transection time are listed below:

  • Bank wire transfer: 2 to 7 working days, depending on your bank policy.
  • Visa: Up to 10 minutes
  • Visa Electron: Up to 10 minutes
  • Master Card: Up to 10 minutes
  • Maestro: Up to 10 minutes
  • Union Pay: Instant
  • HotForex Master Card: Up to 10 minutes
  • Web Money: Instant
  • Skrill: Instant
  • Neteller: Instant
  • Fast Pay: Instant
  • BitCoin: Up to 10 minutes

 

Do They Provide Commissions?

Yes. HotForex provides commission on trading volume depending on the type of trading account. At the time of writing this review on HotForex markets, we found that they are paying commission to their clients only for the VIP trading Account. Spread starts from 0.2 pips for the VIP Trading Account. The spread for the other types of trading accounts start from 1 pips.

HotForex Bonuses and Competition

At present, they are not offering any attractive bonuses for us. But there are few contests going on, where we can participate. Running contest are:

HotForex Traders Awards 2017

For the first time hotforex announced this type of trading contest and awards. They have launched this award contest in September 2011. Since than every month they are announcing a winner name based on his/her trading performance. And winner will get a stunning Crystal Obelisk and $1000 cash prize. Also, winner name will be listed in the hotforex hall of fame list. Find the full hall of fame list here.

Click Here to Join the Contest.

VIRTUAL TO REAL

VIRTUAL TO REAL is a demo contest. All you need to open a Demo Account and contact support to participate this demo contest. Contestants will trade for one month long to win the race and at the end of the trading month winner will receive $2000 in his HF wallet account. Every month traders can participate this demo contest.

To participate the demo contest, sign up from here

HOTFOREX MERCHANDISE

It is a loyalty gift from hotforex. You do not have to pay for those products. Hotforex giving this beautiful gift to their loyal traders and amazing partners. See the full list of gift items you may get from hotforex.

HotForex Partners Program

HF’s partnership program is one of the best partnership program in the forex industry. Their superior partners support team is awesome with service and quality. Their respected among partners community for their awesome commission structure and payment method. They are paying up to $15 per lot. The more your traders will trade you will earn more. There is no limit in earning commission.  There are 4 types of partnership option at HF. You can choose the most suitable one for you. Partnership types are:

INTRODUCING BROKER

Introducing Brokers (IB) program allows organizations and individuals around the world to be rewarded for introducing new clients to a broker house. Hotforex offers IB program for their loyal experienced partners.

To become a HotForex IB you have to visit HF official partners page

Click Here To Visit Affiliate Site: https://www.hfaffiliates.com/

Want To Become An Affiliate: https://www.hotforex.com/hf/en/account-types/new-live-account-sv.html?is_partner

HotForex IB Benefits

  • High Commissions – We give 60% of Net Spreads based on the volume traded by your clients.
  • Payments Twice a Month – We pay you twice a month, directly to your account.
  • MT4 Manager – We offer the MT4 Manager application: the most advanced monitoring tool available. (This is available for High Earners)
  • Unique IB Tracking Link – Save time and effort by automatically referring clients to our website. You no longer need to keep track of clients manually.
  • IB Banners – We can create custom banners and landing pages based on your needs. These are available in a multitude of languages.
  • Personal IB Account Manager – Always there to support and assist you and your clients.
  • Flexible conditions – We can customize partnership plans to suit your way of doing business.

Web Affiliates

HF Affiliates is the ultimate Affiliate Program in the Forex Market. Any webmaster can apply for the HF Web Affiliate program, if they have good traffic and page view on their website. The more people will visit HF official website through your website and open an account, you will receive for their every trade. you do not have to worry for market materials, HF has everything ready for you.

Fund Managers

HF always welcome partnerships with Fund Managers. After the necessary review of your funds HF will be happy for you to trade on behalf of your clients on an undisclosed or disclosed basis. HotForex Markets also offer the opportunity of promoting your services through their official site.

For further details please complete the form and one of our representatives will contact you.

https://pamm.hotforex.com/hf/en/index.html

Hotforex Regional Representative

HF Regional Representative program is targeted at experienced partners who can help to promote HotForex in their own region. A Regional Representative that can manage a local office and has all the basic knowledge required in the Forex industry can work under HF Markets brand and offer their services on the territory of their region.

I Want To Apply For Regional Partner: https://www.hotforex.com/hf/en/account-types/new-live-account-sv.html?is_partner

WHITE LABEL

HF White Label solutions is designed specifically for the banks, financial institutions and consultancy firms from around the world. They focus on providing a bespoke service for each client to meet their precise needs. Each white label is tailor made for our partners to offer them the best opportunity to maximize their earning potential. Through a joint review process, they will help you in the structuring of a product to target each white label client base, establish the framework for the customer support services and then assist with the launch.

Reliability

Most of the time I have heard, traders are saying that HF is not regulated by any trusted or strong authority.

My question is why regulation is so important to any individual traders or institutional investors? is it really Important for a trader? Are there any advantages for individual traders when a broker is regulated by high class authority, like FCA, CySEC?

I do not think so, because the best example is here. HF markets. They are in forex business since 2010. In 8 years, they build high class reputation, strong relation between traders and broker. They build their forex service empire based on Honesty, Openness and Transparency of services.  If a trader trade and make profit and traders every trade did not break Hotforex terms and condition, then HF Markets ever stops any one’s money. They have always paid their honest traders.

So, we were discussing about HF regulation and trustworthiness. In terms of regulation, they use to be regulated by CySEC. due to some serious incident HF lost their CYSEC registration license. Yes, registration they were not regulated by CySEC. Registration and regulation is different.

But from the beginning of HF markets establishment, they are regulated by FSB- Financial Services Commission. Their operational head office is in Ebene House, 3rd floor, 33 Cybercity, Ebene, Mauritius.

They are Registered in the Republic of Mauritius as HF Markets Ltd under the License number #C110008214.

Every broker’s target markets are those who are trading in small volume. HotFoex is the best retail forex broker for retail forex traders all over the world. In fact, Hotforex was voted “Best Online Broker” for Asia 2013 by World Finance. Nevertheless, there are those who feel uncomfortable dealing with brokers located in a tax haven country like the Republic of Mauritius. This is due to the misconception that tax haven countries offer poor regulatory oversight over companies under their jurisdiction.

In 8 years of retails broker service they have achieved many awards for their amazing service and products. Such as,

  • The BIZZ 2017 PEAK OF SUCCESS BY WORLD FINANCE MAGAZINE
  • BEST NEW FOREX BROKER SOUTH AFRICA 2016 BY GLOBAL BANKING & FINANCE REVIEW AWARDS
  • BEST FOREX BROKER MIDDLE EAST 2016 BY 17th MENA FFXPO
  • BEST CUSTOMER SERVICE 2015 BY EUROPEAN CEO AWARDS
  • BEST CLIENT FUNDS PROTECTION BROKER AWARD 2015 BY MENA DUBAI FX SHOW
  • BEST FOREX BROKER WESTERN EUROPE 2014 BY IAIR AWARDS
  • BEST FOREX BROKER IN CHINA 2013 BY CIOT EXPO
  • BEST ONLINE BROKER ASIA 2013 BY WORLD FINANCE MAGAZINE
  • BEST ONLINE BROKER IN ASIA 2012 BY WORLD FINANCE MAGAZINE
  • BEST FOREX AFFILIATE PROGRAM 2012 BY GLOBAL BANKING AND FINANCE

Regulatory Outline for Brokers like Hotforex

For many who are new to investing in the forex market, these newbies hold a strong belief that one’s money is never safe unless one invests in a well-developed market like the U.S or developed economies of Europe. To a certain extent this might be true but when we look at a sophisticated financial criminal like Bernard Lawrence aka “Bernie Madoff”, we find that no matter how much regulation you have in place, your money is only as safe as the regulatory authorities allows them to be. The U.S is still the country which holds the world record for large scale financial improprieties.

Not surprisingly, there is a bias against countries which are not classified as developed nations among many of us even though these countries offer some of the safest refuge’s in the world for multi-millionaires to park their savings. The main reason for this is because of the fact that countries like the Republic of Mauritius are trying to attract foreign capital to boost their economy. Hence, if tax haven countries are lax with their regulatory oversight, their economy as a whole will definitely suffer. Viewed from this perspective, it is not surprising to find that the Financial Services Commission of Mauritius can be more vigilant and strict than the regulatory authorities in the U.S. We only have to ask ourselves why even the current U.S republican presidential candidate Mitt Romney is rumored to park some of his money in the Cayman Islands, another notable offshore tax haven.

Operational History of Hotforex

Operating since 2010, Hotforex suffers from no adverse feedback about their operation. In fact, many reports about Hotforex have been quite positive, especially the point that the broker pay close attention to the needs of the small retail trader. It’s possible many clients remain loyal because this is which good business practice entails, attending to the needs of your customer no matter how large or indeed how small they are. This is definitely a value that many big businesses seem to have lost nowadays. Hotforex have managed to prove the point that bigger is not necessarily better.

In terms of reliability, Hotforex.com offers their clients several funding options ensuring that they have no problems depositing or withdrawing their funds. Traders choose the various options listed below if they want to deposit funds into their accounts.

  • Bank Wire
  • Cashu
  • Credit Cards
  • Liberty Reserve
  • Moneybookers
  • Neteller
  • Perfectmoney
  • Ukash
  • Webmoney

For the withdrawal of funds, traders can decide on the following methods:

  • Bank wire
  • Cashu
  • Credit cards
  • Liberty Reserve
  • Moneybookers
  • Neteller
  • Perfectmoney
  • Webmoney

With regards to the safety of their money, clients of Hotforex can rest assure that their money will be safe as a third party (ninetyeast Fund Services Limited) is independently administering their money in separate segregated clients’ accounts. In addition, Hotforex only deal with top tier banks like Barclays as their liquidity provider.

In addition to the above measures, Hotforex is also strictly regulated by the regulatory authorities in the Republic of Mauritius to ensure that they meet the financial standards required of a company providing financial services to the general public.

How Good is HotForex Customer Support

For those traders who require additional assistance, Hotforex provide customer support 24/5 in many different languages. Their customer support team is very experienced and professional. They are ready to help you 24/5.

Customer support is reachable through live chat, email, fax, skype and phone. See blow:

Skype Contacts

  • Partners Department: hotforex
  • PAMM Department: hotforex

Arabic Speakers

Chinese Speakers

Farsi Speakers

 

Awesome Advantages of trading with HotForex

The main advantages of dealing with Hotforex include:

  • Trade in small volume
  • Comprehensive Customer support
  • High Bonuses
  • High Leverage of 1:1000
  • Low minimum deposit to open a trading account ($5)
  • Low spreads starting from 0.2 pips
  • Multiple choices of trading platforms
  • Wide varieties of trading instruments
  • Instant deposit and withdrawal facility
  • Free VPS hosting
  • 17 Trading Tools
  • Exclusive HotForex Analysis
  • Award winning affiliate program
  • Licensed by SVG FSA
  • Only top tier international banks are used
  • Client funds are held in segregated accounts
  • Full transparency
  • Scalping, and Hedging allowed

Cons

I personally could not find much bad reviews or complains about hotforex. It is really difficult to find their guilty. Because what hotforex offers for their traders is the best in the market, comparing to other brokers. it’s hard to find another that come close to the advantages which Hotforex are offering their clients.

Even though as a novice trader you have to be aware when you are trading with any broker, not just hotforex. Because forex trading carries a high degree of risk to your capital.

So, at first learn how to trade with demo account, what pairs to invest, how to analyze the market, then go for the live trade with real money.

Conclusion

Established since 2008, Hotforex have been gaining popularity among many retail traders. While most brokers will try to concentrate on the big traders, Hotforex have not neglected the small trader. This is evident in features of their micro trading account. You don’t need a small fortune to start trading and furthermore, their spreads are quite reasonable. It is no wonder that Hotforex managed to capture many awards from World Finance.

1 COMMENT

  1. hotforex has good reputation for a good reason, its a legit decent broker and has been improving drastically in the last years, I have been trading with them for past 3 years and every thing is fine, withdrawals always on time and they have good notification system for major events and its helped alot.

LEAVE A REPLY

Please enter your comment!
Please enter your name here