With their new service and operation culture, HotForex brokerearned several awards from different organizations as a token of their excellent service. HFM is a decent legit broker, and easy recommendation for day trading or swings. Please read HF Markets Reviews below and share live trading experiences with this broker. HotForex is not an ECN broker, and it is regulated by top-tier regulators like CySEC, FCA , FSCA, and the user’s funds that are deposited with HotForex are safe. It follows strict security measures to safeguard against cyber threats and loss. HotForex segregates the client funds that they have received to their bank accounts and separates them from the company funds.

In summary, HotForex is a global broker know for the numerous accolades it has received and the various products that they offer. The review gives a lot of useful information to help novice and even experienced traders know more about the broker. You can also check Hotforex customer reviews and comments to get a better picture of the broker.

MT4 Multiterminal

HF Markets is a reliable broker that is around for nearly a decade. It has a global presence and adopts a simple approach of providing quality services to its clients through various types of accounts. Their account types give you the option to trade with zero spread or even copy the signals from the reliable MT5 community. The commission structure is suitable for the majority of traders, however, the spread on their standard account is slightly higher and the product range is also limited.

• The traders will get an advantage of trading with negative balance protection, flexible leverage and tight spreads.
• Since its inception, HotForex has operated as a unified brand of HF Markets Group.
• Through the market watch window, the users can view multiple financial instruments in real-time.
• The multi-terminal platform allows you to handle many trading accounts from a single interface.

The broker is registered in different countries under the lead of HF Markets Group with different business names. HF Markets Group is authorised and regulated by CySEC, FCA, DFSA, FSCA and FSA. HotForex charges one of the lowest trading spreads and commissions, and all transactions are free of charge. Additionally, newbies get to enjoy the copy trading features by mirroring the positions of expert traders. Unfortunately, this broker doesn’t have the social trading feature. The classes run five days a week, every week, for over 12 hours….

The traders can view financial markets, technical analysis, market price movements, and execute orders without any problems. MT4 Android application requires the latest Android OS version 4.0. As per our HotForex review, HotForex offers an award-winning MT4 and MT5, the latest version as its trading software. This trading platform enables one-click trading, several tools, and provides institutional-grade technology via advanced configuration.

Forex Scams

These points provide an added confidence and assurance to the clients to choose Hotforex as their broker. Hotforex is a flexible company when it comes to spreads and commissions with the broker allowing both fixed and floating spreads. The fixed spreads offered by the broker are relatively low pegging at 1.8 pips on EUR/USD.

Now, he continues to be active in trading and researching brokers for you. This is because it is regulated by tier-one authorities across various countries globally. The broker also stores your trading funds in a segregated account, guaranteeing its safety even when it becomes insolvent. Did added some more funds later because I wasn’t aware fo the FOMC volatility. Since these funds are growing, did made many withdrawals as well.

Broker Types

Minimum deposit is varies from $5 to $500 depending upon your account type choice. With multiple deposit methods supported and without any deposit fees. Hotforex support a wide range of languages including Arabic, Chinese, English, French, German, Greek, Indonesian, Italian, Japanese, Malay, Polish, Portuguese, Russian, limefx scammers Spanish, Thai, and Bengali. They offer a wide range of languages and support options via phone, email, live chat, or even Skype. HOTFOREX provides a set of tutorials aimed at training a beginner trader to an intermediate or expert level. The videos are clear with good quality audio and professionally presented.

Having said that, HFM offers 45 currency pairs, so if your focus is more on currencies HFM is an ideal choice. HotForex trading platform is designed in such a way that it is simple to understand and competitive. When compared with other trading platforms, it offers six different types of accounts along with Islamic account that is preferred by the traders in the MENA region. Each of the account types is designed for every possible trader with a trading strategy that allows them to strategically trade with any type of market.

They started the operation in 2010 and, over the years, became a multi-asset trading broker. They offer the best possible trading conditions for any client that allows scalping and unrestricted lime fx access to the liquidity. 76% of retail investor accounts lose money when trading CFDs with this provider. 76.4% of retail investor accounts lose money when trading CFDs with this provider.

Despite this, there are no deposit fees or some of the withdrawals are free as well, which we will see in our HFM review further. Besides, HFM offers its trading service along with the applicable licenses in each region it operates that regulate the Forex industry, therefore delivers service trustworthily. The benefits of the site extend to promotions not often seen with LimeFx firms.

Forex Education/e-course

Trading is convenient however i found out that you need to learn it first before you start making money with trading. They have multiple choices of assets, commodities, currency pairs etc with little spreads. One of the HFM Pros also is offered market range that includes 17 trading tools and 150+ trading products with access to global markets. These include Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and included for last years offering to trade Cryptocurrencies with Bitcoin, Ethereum, Litecoin, Ripple and more. HFM provides an variety of account options with 6 different accounts based on specific requirements. The range offers Micro, Premium, Zero spread, HFCOPY, PAMM Premium Accounts also you can select the Islamic Account suitable for traders from the MENA region or beyond.

And the last point withdrawal fee, which is actually 0$ is amazing news that allows you not to worry about extra fees. However, Wire Transfer may involve some correspondent fees according to your bank and international policies. So in order to deposit money on HFM you simply need to select the payment provider of your preference, as well as the one that is available in your region, and proceed https://limefx.club/ with the payment. HFM will process your withdrawal within a short time and is available 24/5. As well always consider overnight or rollover fees as trading costs in case you holding an open position longer than a day. This fee is defined by each instrument separately and you will see it directly from the platform or upon the opening of the trade, see below example with Cryptocurrencies.

This might be a fixed fee when they deposit a specific currency to their account. For example, while depositing funds through a credit card, the fees are quite high. The trader can operate at HotForex with floating or fixed leverage which is a useful tool, especially if the user trades a smaller lot. Using leverage offers an opportunity to increase the potential gains via the possibility to increase their balance in numerous ways. As per our HotForex review, this platform provides various leverage levels starting from small to very high ratios. The trader should always know various high risks involved in the leverage as several retail trading accounts lose money rapidly due to high leverage.

The Supercharged Bonus offers a daily cash rebate of $2 on all deposits of $250 or more. The Rewards Trading Loyalty program has 4 levels, rewarding you for every active day you spend on the market. When you land at HotForex, you visit a multi-asset broker that allows you to complete standard trades, take long or short positions and/or buy into CFDs.

Various payment methods will process withdraw money in slightly different time. HFM accounting team confirms transactions quite quickly as we had on our trade test, yet the matter might take longer due to payment providers. Alike Wire transfer will take 2-10 working days, also depending on your bank and international policy processing, while ewallets will load the request Instant. HFM withdrawal options including cards, bank transfer by far most used option and various ewallets.

HotForex is an international broker that specialises in offering CFDs and forex to clients from around the world. Currently, the broker has opened more than 1,500,000 accounts, received more than 30 industry awards, has more than 200 employees around the world, and supports more than 27 languages. HOTFOREX works exclusively with Metatrader from MetaQuotes Software. This means they offer the complete range of MT4 and MT5 platforms in all of their variants including on mobile. They manage to deliver the same robust but easily navigable design with fast and convenient order execution which they always have. HotForex provides swift customer service via phone call or live chat for 24/5.

The education center is essentially a Forex resource center with the intention of creating a library of resources for clients to access. Training course videos are offered on a wide range of market-related topics. Traders will be required to upload a selection of requested documentation before they will be able to select a Forex trading platform.

Each educational video is carefully designed and delivered by leading industry experts. Educational Videos provide a breakdown of the fundamental concepts of the forex industry. Here’s why we think Hotforex is the best broker for traders in Kenya and why we recommend it. Use the below index to find the desired information regarding Hotforex. 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.

HOTFOREX DEPOSIT AND WITHDRAWAL PAYMENT METHOD

HotForex has its own MasterCard to carry out transactions and to make safe online payments. As per several HotForex reviews, these brokers provide 14 types of withdrawal and deposit options on the platform. Some of them include credit and debit cards, domestic transfers, wire transfers, cryptocurrency transfers, and several more. Some of the withdrawal methods supported by HotForex brokers are credit and debit cards, bank transfers, and e-wallets. Withdrawal fees are charged zero, and the trader need not worry about any additional fees.