The website is available in multiple languages, and the live chat feature is also good for having quick responses to traders queries, which is online 24/5. In addition to the English language, the support team is operative in Arabic, Spanish, Chinese and Korean language. The main reason behind this is to make sure both the broker and the trader have common ground and can understand each other. It is not common for Forex brokers to offer such access, but hot Forex engages its clients in direct market access.
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. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. One of the key components of HotForex as a broker is to cater for all of the potential needs their customer may have. This is why they have a massively diverse range of account types available for you to choose from, with seven different options on offer, which is extremely high in this sector.
Besides that, famous figures such as the ex-footballer Michael Ballack and the Hollywood actor Sean Bean become the faces of the company. The big corporations and partnership campaigns are what is HotForex proud about, as https://forexbroker-listing.com/ they spread to cover different entities to carry the brand of HotForex. Noting that contract expiration dates for each of these two oils are also clearly stated in this section, for the trader to be informed beforehand.
Multiple Trading InstrumentsA growing list of currency pairs and CFDs ensures traders have all the best possible opportunities to trade. MT4 PlatformsTraders of all styles can find the perfect trading setup with our variety of MT4 platforms for both desktop and mobile. Instant e-wallet deposit options include FasaPay, Neteller, Skrill, and WebMoney, each of which has a $5 minimum. Cryptocurrency deposits are also available for Bitcoin or Bitcoin Cash via BitPay or Bitcoin via Skrill, all of which can take up to 10 minutes and have minimums of $5. As you review HotForex deposit options, you will appreciate the range of choices as well as the lack of deposit fees.
HotForex Pros & Cons
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. As a result, HFM aims to lead the way forward through the usage of cutting edge technology, innovative forex systems solutions, low cost commissions and unrivalled customer service. In this review of HotForex, we explore a broker that has been operating since 2010, spans 180+ countries, and offers both STP and ECN trading platforms. As a hybrid broker, HotForex can offer full transparency and lower spreads.
I ain’t know which type ecn or stp is used here, but I do know, it’s so quick that no slippages were detected within a period I’ve been trading here. Eveyrything is so smooth, as my previous broker would be kinda envious. Hotforex is a conglomerate which encompasses global and regulated entities. They are well respected in the industry and this is reflected by the numerous awards they win each and every year. They are involved with numerous charities, including the likes of Unicef and Red Cross, as well as sponsoring numerous events over the years, such as the 2017 Carrera Cup.
The HotForex leverage differs among the different tradable assets, such Forex, metals, energies, stocks, indices, bonds, commodities, DMA stocks, and ETFs. The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency. The margin requirement for all is 7 per cent and the typical spread varies by share. To provide some examples, the typical spread for APPLE is 0.48, for COKE is 0.04, and for GOOGLE is 1.6. Index futures are available for 11 indices, with leverage of up to 2 per cent.
Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. When I discovered that this broker provides special conditions for trading specific financial instruments, I immediately decided to open a trading account. To leave your personal HFM review please visit the company’s profile page on on this site where you can also read broker reviews by other traders. But always remember that a forex broker review may not be objective enough before making any decisions.
All of these resources are available to anyone and they are ideal for those trading out their trading journey and more experienced traders alike. There are more than a dozen languages catered for through the customer support team and the support is available five days per week. They also have a comprehensive FAQ section in which you will very likely find answers to your questions.
- In the past for example, if a client deposited 250 USD into his/her approved Bonus Scheme Account he could receive a 100 % Supercharge Bonus Credit of 250 USD.
- This review lets potential clients know that the costs of trading with the broker are reasonable but not highly competitive.
- Wire transfers are supported with no maximum deposit and a minimum of $100.
- Risk Warning – Trading CFDS, FX and Cryptocurrencies involves a high degree of risk.
At the same time, those in other jurisdictions may want to check the specific measures required by their local regulatory body. Advanced Insights utilizes big data and AI to deliver sentiment analysis and other research tools. Our Mission is to be the most reliable broker in the industry in terms of the services we offer. To be consistently good in quality of performance and able to be trusted. Hotforex provide education and consultation services to forex clients. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.
Starting with the Micro Account, which requires a minimum deposit of $5 and can be a great fit for new traders. Once you get your registration, you can start with any of the 6 account types. The accounts differ in terms of the minimum deposit required, maximum leverage, spreads, and maximum order allowed. Our research team conducts thorough testing on a wide range of features, products, services, and tools . We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Trade Forex as well as CFDs on shares, indices and metals on floating spreads without commission.
In terms of the trading instruments offered by HotForex, you can deal with everything from cryptocurrencies, Forex, metals, indices, shares, energies, commodities and bonds. HotForex has been around since 2010 when it was started in Mauritius. They are a leader when it comes to providing forex services online, as well as being a worldwide CFD broker. • Trade CFDs across a wide range of financial assets including forex, stocks, commodities, bonds, ETFs and indices. Get a 100% bonus on every deposit over US$100 into Micro, Premium or Islamic accounts.
To provide an idea of the rates, typical spreads for EU50.F are 3.1 and for UK100.F, they are 3.3. Traders with HotForex can choose from trading US Natural Gas, UK Brent Oil, or US Crude Oil futures. Margin requirements are 50 USD per lot, 1 per cent, and 1 per cent respectively.
For instance, the Zero Account has low starting spreads but also has commissions on FX trading. Other accounts don’t have FX trading commissions, but indices, cryptocurrencies, ETFs, shares, and DMA stocks will feature commissions across account types. Moreover, while the Zero account features lower costs overall, it also comes with higher margin requirements. This review lets potential clients know that the costs of trading with the broker are reasonable but not highly competitive. As is typical of most brokers specialising in CFDs and forex, they charge fees in the form of spreads, without commissions. There are some account types that feature commissions, but this is all clearly outlined.
It will take the bank transfer and credit cards between 2 and 10 working days for withdrawals to be fully processed. Withdrawals made through the likes of Neteller and Skrill will be processed almost instantly. With such wide ranging regulatory bodies approving of HotForex, you can sleep well at night knowing your funds will be kept safe.
It’s always great to have something extra to the ordinary features that all the brokers offer. In this instance HFM is probably the most generous broker out there. At HotForex we value getting results, honesty, teamwork, building exceptional products and services by offering them the best services possible.
This bonus is applicable for the Premium and the Islamic accounts only. With this offer, traders can get a 100% bonus on their deposit, as well as cash rebates of 2 USD for every traded lot. Besides that, traders can use the demo trading account, which is a great tool used by beginners, as well as experienced traders. The main commodities are copper, coffee, sugar, US Cocoa and US Cotton no2 are available for traders in HotForex. They come with very generous leverage and floating spreads that differ between commodities. HotForex offers traders the chance to open positions in every financial market, with the exception of the cryptocurrency market.
Are you looking for HF Markets?
There are different numbers you need to ring depending on the specific region you are located in. With HotForex, the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them. Download hotforex broker the HFM App today and trade the global financial markets with a trusted, multi-regulated broker. MetaTrader 5 offers a broader range of indicators, order types and faster platform speeds thanks to its 64-bit multi-threaded processor.
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor . Hotforex have several other bonus levels that change from time to time. An extensive broker for any kind of Forex trader with daily market insight. Trading services and facilities to both retail and institutional clients. They have a great education centre which will allow you to educate yourself on all manners of training, as well as keeping up to date with the latest market analysis.