As you’ll determine in our FxPro Review, the corporate offers CFDs and spread depending on the Forex, futures, spot, share, spot, and spot metrics. They serve clients in over 150 countries round the world and offers multilingual 24/5 customer support. While we were going through their website to prepare the HotForex review, we found the website provides sufficient learning resources to make their client prepare and skilled for the trading. The broker has good educational stuff to guide all level investors, from beginners to professionals. Broker has uploaded e-course, educational video hot forex demo account, tutorial, event, podcast. The educational materials are especially helpful for the newbies.
This means, that you can trade the same instruments with Micro account as with Zero account. HFCopy Account – The HFCopy account allows “followers” to copy the trades of “Strategy Providers”. The Strategy Providers can charge a performance fee which may be as high as 50%. There is zero fees on deposits & withdrawals, which is a plus point. The fees charged by HotForex depends on a variety of factors.
The company provides various account types that all you to trade Forex and CFDs. The EU based broker, HotForex, has won numerous awards as it provides a great variety of account types and trading tools in conditions of competition. VPS hosting is additionally provided for existing and new clients who make the minimum deposit of $5000, with this amount being maintained during the following months. Order execution through the hours of 5 week days is offered with VPS hosting.
The spreads and server execution is stable and fast too which helps a lot in initiating trades instantly. Profit withdrawals are easier however they sometime do call me to verify my withdrawals which are above $500. Giving trading opportunities to the clients should be the first and foremost objective of the broker but they have denied me that opportunity. I tried to contact all known people in hotforex but there was no reply till today from them, why they were closing my account. Crypto trading is an option with hotforex, but over all the broker is proven and tested a good one to trade forex and metals. 2 years trading live and I think there is no reason to switch, made 2 withdrawals this 2021 and it’s much needed funds during this time and all are processed with ease.
The platform is easy to execute order however small slippage can be noticed during NFP news time but that’s ok. Withdrawals are processed without any delays so i recommend them as safe broker to trade. Came to this broker because its bonus program, hotforex offers various bonus programs and webinar regularly. Its spread in E/U pair was very low about 0.2 – 0.5 pip, gold is higher but not too much. Great broker to trade with, nice narrow spreads, fast platform, courteous support. Still struggle to make forex trading my stable source of income, for now results are not quite consistent.
From contact forms to live chats, email and phone calls, you will be able to reach out to the customer support of HotForex without any hassle whenever and wherever you want. If you are wondering about the reliability of HotForex then you must not worry a bit. The deposit that every client makes is protected by the best insurance scheme as per the regulations of the regulatory body. HotForex also tries to keep their clients protected with the help of a civil liability insurance program under which HotForex offers coverage of €5,000,000.
As it is clear from the above details, the SVG regulatory authority does no good in verifying the details of the broker. The address of Suite no. 305, P O Box 1510, Griffith Corporate Centre, Beachmont, Kingstown is not related to a single company but there are a couple of other brokers that are operating from the same address. In this HotForex review, I’ll explain every aspect of this Forex broker and help you understand why you should stay away from them. They have filled the market with multiple paid articles to enhance reputation.
Jimmyfx04.12.17Finding a broker is easy there are tons of them out there, but finding a good one is not. I have been through two agonizing brokers despite them being known , but I would easily classify them as irrational and a pain. by this time i write this review, my withdrawal request already on delay for a week now. speaking of arbitrage, i dont think there are brokers that would accept that kind of EA.Lian13.12.17haven’t got my withdrawal yet, submitted on nov, 27, 2012. hotforex didn’t apply its margin policy and hotforex gave me in one account $ of bonuses when hotforex bonus policy states $30000 is the max. The spread is similar for most brokers, however I don’t care about this.
Hotforex is regulated by a number of regulatory bodies from across the world. An STP broker will pass a client execution order directly to its liquidity provider. In other words, the broker will not be filtering the orders through any dealing desk and has a Market Execution policy.
Im filling in the progress filling a lawsuit against them. SNOTForex sabotages trades and uses the Virtual Dealer Plugin to trade against you. I`m very pleased with Hotforex Service, Withdrawal is always on time. But the spread on gold is only acceptable, not excellent as majors.
They provide a high level of service and are trusted by both retail investors and large institutional customers to trade Forex and CFD’s online. XM has oppened accounts in over 190 countries and is regulated by multiple regulators including CySEC, ASIC, and IFSC. With 99.35% of trades executed in under a second and strictly no requotes and no rejections policy you can trade confidently with XM. View All Fees79% of retail investor accounts lose money when trading CFDs with this provider.
Clients’ funds are ‘off the balance sheet’ and cannot be used by HotForex to pay creditors in the unlikely event of company default. The company has received over 35 highly-prestigious awards issued by the most respected awarding bodies in the financial services industry. HotForex’s greatest honour was being selected in 2013 to join the ranks of the World Finance Top 100 Global Companies. Educational material for traders moving through the beginner, intermediate and advanced levels; supported with economic indicators, trading videos, and Ebooks.