HotForex Review for 2019

It’s not as extensive an offering as many of the other top Forex brokers, but what is available is more than adequate for most. This includes Forex trading webinars hosted by dedicated Forex experts, more than 20 Forex videos, 30 recorded Forex videos tailored to trading, and daily fundamental and technical analysis of markets. Premium trading account – This account has no maximum trade size, and is designed with the more experienced trader in mind. The name behind HotForex is HF Markets (Europe) Ltd. This Cyprus-based investment firm is licensed and regulated by CySEC, and also operates within the guidelines laid out by the Markets in Financial Instruments Directive (MiFID) of the EU.

Over all they are good with a good variety of pairs to choose from. HotForex has multiple channels for customer support, including live chat, web contact form, active phone numbers, emails, and multi-lingual support. The broker has made it exceptionally clear that dedicate their service towards maintaining an excellent relationship with their traders by keeping their client’s welfare https://forexarticles.net in their mind, and this is the very core principle of the company that is guaranteed to ensure the safety of the traders and keep them secure against broker issues in the highly risk financial markets. HotForex regulation is also one of the hot topics of discussion among traders, as HotForex is one of the few brokers that have multiple regulatory statuses throughout the world.

Even though they offer a wide range of account types across many different areas, they attempt to be consistent in their spreads. This uniform approach helps traders understand their situation better. If you are holding a HotForex full review HF Markets Zero, or VIP account, then you can expect forex spreads on major markets which start from 0 pips. As with any top broker, you will find a variety of ways in which the spreads are implemented with HF Markets.

HotForex Islamic Account

US-based brokers are required to be regulated by the CFTC and be a member of the NFA to be able to offer their services to US citizens. Nevertheless, almost all the modern regulatory organizations these days are committed to the welfare of traders in general, which is a good thing, considering that the number of scams is increasing on a day-by-day basis. The HotForex brand is owned by the “HF Markets Group” and was founded in 2010 in St. Vincent and the Grenadines. HF Markets Group encompasses the HotForex and HF Markets brands, and the following specifications are applicable only to HF Markets (SV) Ltd.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Only the NFA regulated brokers featured on this site are available to U.S. customers. Read our full legal disclaimer. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only.

Negative Balance Protection Client Funds Market Leading Insurance

Today, we’ve decided to concentrate our attention on an award winning Forex broker that goes by the name of HotForex. I'd been using hotforex for about 8 months, they even offered me support in my own language-Chinese, I'm also happy with the spreads and the execution time. As every other brokers there are some small problems from time to time.

Sometimes it seems to be possible to trade, and transactions are executed at more or less real prices, and you understand that you trade, most likely, within the company, and no one knows who your counterparty is. When you only learn to trade, it is not so important, in principle, to achieve some kind of a stable result - and this is already good.

The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances.

HotForex has been able to offer exactly what their clients wish ever since their launch in 2010.
This applies to all methods except Union Pay ($50), and Wire Transfer ($100).
Points can then be traded for cash or top-quality trading services.
Premium trading account – This account has no maximum trade size, and is designed with the more experienced trader in mind.
72.83% of retail investor accounts lose money when trading CFDs with HF Markets (Europe) Ltd.
HotForex MetaTrader lines up in a very similar fashion to that of other brokers who utilize the acclaimed third-party trading platform.

HotForex Bonus and Offers

In addition to the desktop versions of MetaTrader 4, mobile MT4 apps are also available for Android and Apple devices, including iPhones, iPods and iPads. If you prefer to access your trading account via an Internet browser, then HotForex also has a web-based trading platform designed especially for you. In terms of product offerings, HotForex offers a high quality transaction service in a wide variety of currency pairs, CFDs and binary options to its clients.

The broker website also provides a live chat service which is available on a 24/5 basis during trading hours. Messages left at times of unavailability are automatically forwarded to the brokers email support service. Where these mobile platforms again differ from others is their capability to allow all forms of indicator and charting tools to be applied in ways which other mobile platforms simply do not facilitate.

It runs on all operating systems and on all devices. At this point, the MT4 trading platform can be downloaded and installed. A Demo account with an opening capital of $100,000 is provided for all clients who wish to test their strategies or experiment with real market conditions. To open a demo account, just click on the ‘demo’ button on the top right area of the HotForex website.

Excellent broker. and really promising. good and well balanced services offered, a mix of traditional pairs and addition oof crypto trading, the leverage offered has a wide range but just a heads up, stick to 200-400 or even lower if you are new to the business. good educational materials in their weekly seminars which i really enjoy. i think there are even vids on you tube.

With popularity of FX trading moving higher, the demand for the services of the dealing desks and brokerage companies grows subsequently. Thus, the question of making the right choice of a broker constantly remains on the agenda. Great broker. Good spreads.

The company is registered in St. Vincent & the Grenadines, Cyprus and Mauritius, and is authorized by the financial regulators in these countries. What about customer education?

Accepting a bonus also puts several trading conditions into play, which should be satisfied before making a withdrawal request. HotForex is also extremely popular among Introducing Brokers and affiliates, and it is indeed seen as a positive approach by the company to promote its brand among lesser known markets. The company’s prime attention towards ensuring an excellent customer-service oriented brokerage service is one of the key reasons why existing HotForex clients continue to do business with the broker. PromotionWCX $30 No Deposit BonusWCX offers $30 Welcome Bonus for all new traders of the broker. This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments.