The HotForex broker was established in 2010 by the “HF Markets Group”. HotForex head office located at Limassol Cyprus, also they have another office in Kingstone St. Vincent & the Grenadines. It is a Meta Trader only broker, offering a lot of trading instruments including CFD’s, Crypto, Bonds, Commodities, indices and currency pairs. The broker basically works as an STP/ECN model.
HotForex brings a lot of trading instruments to trade including Forex, Cryptocurrencies, METALS, INDICES, SHARES, ENERGIES, Commodities and bonds.
With HotForex you can trade the lowest spreads which start from 0 pips. HotForex accepts Bitcoin, Ethereum, Litecoin and Ripple in Crypto trading. In METALS trading you can Trade gold & other spot Metals. In Share trading, you can trade worldwide bigger company’s shares including Google & Facebook.
HotForex brings easier MT4 & MT5 platforms for their clients. It has a lot of versions. HotForex brings MT4 Desktop & Web Terminal including MT4 multi-terminal. MT5 versions also have the same, excluding Multi Terminal. In these trading terminals, a trader can use 12 types of Forex trading tools which are providing by HotForex. HotForex allowed automatic trading tools, risk percentage calculators, Multi-Target calculators, Pivot Points Calculators and a lot of others. You may check all of the accepting tools from the HotForex trading tools page.
Peoples are getting more interests in mobile trading nowadays. Most of the brokers are providing mobile trading opportunities to their clients, HotForex also not out of them. HotForex brings mobile trading terminal versions of MT4 & MT5. HotForex traders will get all of the opportunities which are given to desktop trading platforms. There are MT4 Android, MT4 iPhone Trader and MT4 iPad trader versions available and the same versions available for MT5’s. And maximum trading tools can be used in this platform.
HotForex is offering 6 types of trading accounts, these accounts have different trading features. Here is the detailed information of account types.
The MT4, MT5, WebTrader, and cellular trading platforms are for sale to micro members. The minimum down payment required will be $5 along with a maximum leverage of just one 1:1000 is accessible.
This account is made for professional traders as well as the platform will be MT4, MT5, WebTrader, and Cell phone. The spreads begin from 1 pip along with a maximum leverage of just one 1:500 can be acquired. A client needs $100 minimum deposit to choose this account.
This account functions natural spreads from 0 pips. The minimal account opening down payment will be $200 and the utmost leverage will be 1:500. The MT4, WebTrader and Cell phone trading platforms are for sale to Zero Members.
The Auto Accounts are directed at newcomers and non-analytical investors. Just the MT4 system is available. Investors get the chance a subscription to trading indicators included in the HotForex MT4. At the least $200 is required to open these accounts.
This can be social trading accounts designed for ‘Strategy Companies’ (SPs) and ‘Fans’. The fans copy the deals from your SPs they choose. The SPs produce their accounts and attract several followers (around 30) which assists him to generate a performance charge. The platforms obtainable are usually MT4, WebTrader, and Cell phone trading. The investing instruments are just forex and Bitcoin. The minimal opening balance is $500 for any Strategic Supplier and $100 for any follower. The utmost leverage will be 1:400.
Swap charges or rollover charges are not billed for holding jobs overnight with this account type. It really is obtainable as Micro, High quality, Zero, and Car Account types.
A Demo account having opening funds of $100,000 will be provided for several clients who want to test their techniques or test out real market problems. To open up a demo accounts, just click around the ‘demonstration’ button at the top right section of the HotForex website.
HF Markets group got a license from various financial authorities such as FCA, CySEC, FSA CIF and FSC.
Here is the License number list according to the HotForex website.
HF Markets brings flexible Deposit and withdrawal options to make a better transaction with their clients and partners. There is a lot of deposit and withdrawal options available including wire transfers, Credit cards. Also, they have online payment options including Netteller, Skrill, Bitcoin (bitpay), fast pay, Crypto payments, and web-money. Traders can make a deposit by these options but HotForex is not accepting Credit card withdrawals. Traders have to choose wire transfer or other’s online payment options for withdrawing.
Basically HotForex offers tight variable spreads, but there is a specialized fixed spread available for automated traders and scalpers. HotForex leverage has a variety that is dependent on account classification. HF Markets is providing 1:500, 1:400 and 1:300 to Micro, Premium and VIP accounts but it is not applicable for the European Union's clients. European Union’s clients can get maximum leverage of 1:30.
HF Markets groups providing customer support with various foreign languages including Russian, Chinese, Portuguese, Taiwan, Spanish, Nigeria and Turkeys. Anyone can communicate with HotForex through their website contact form. Also, they are replying to their customers Immediately through E-mail. Here is the contact support numbers list of HotForex
Global Support +44-2033185978
Taiwan 00801-14-8970 new!
Nigeria +234 7063705519 (new)
Turkey +90-850-3902146 (new)