HotForex is a very famous Broker worldwide so much so that it has been awarded because its platform is an excellent option to trade Forex with all the financial instruments that can be traded in the market, offers multiple tools for both individual traders and for legal or business clients.
It should be noted that not only natural persons are Traders but also legal persons how banks or any other company not only linked to the area of investment and finance can operate in the market with this Broker, having its legal representative who looks at the investments of the company.
HotForex provides all its clients with the best financial assets with which they can trade in the Forex currency market and for this very reason it is one of the best trading platforms that can be chosen, it should be noted that today there are many Brokers and some are as good as others but this one in particular as happens with Xtrade, eToro, InstaForex and Markets from my point of view are the ones that are leading the market by the wide variety of services they offer to make investments.
The HotForex Broker is one of the few that offers a leverage of 1:1000 and 1:30 for clients of the European Union which can represent for investors great opportunities to make their money grow always bearing in mind that any investment that is made in the currency market as it happens in the shares in the stock exchange carries a high risk of capital loss it should be stressed that you should only use the money you are willing to lose, remember that making investments carries a high risk of capital loss at all times.
With the HotForex Broker you can have complete certainty that all the operations that you carry out are going to be shielded what in a few words means that they are going to be 100% safe; in order that you can have a greater confidence with respect to the platform it is necessary to emphasize that this Broker is regulated by:
- It is regulated in Cyprus under the name HF Markets (Europe) Ltd by the Cyprus Securities and Exchange Commission (CySEC) under licence number 183/12 and also by the Cypriot Investment Firm, CIF under licence number HE 277582.
- It is regulated under the name HF Markets by the Financial Services Commission (FSC) of the Republic of Mauritius, as Global Business category 1 No. C110008214 with license number 094286.
- It is licensed by the Financial Conduct Services of the Republic of South Africa under licence number 46632.
- HF Markets (UK) Ltd is authorised and regulated by the Financial Conduct Authority (FCA) under reference number 801701.
- HF Markets is regulated by the Dubai Financial Services Authority (DFSA) under licence number F004885.
- Finally it is regulated by the Seychelles Financial Services Authority (FSA) under licence number SD015.
- It is also audited by KPMG.
After all this information one can conclude that HotForex Broker is completely transparent and safe to operate in the Forex currency market.
Contenidos del post:
- Why choose HotForex Broker?
- Types of accounts offered by HotForex
- Demo Account
- Micro Account
- Zero account
- Premium Account
- Fixed (Registration is not available for new accounts of this type)
- VIP (Registration is not available for new accounts of this type)
- HFCopy Account
- Islamic Account (Registration is not available for new accounts of this type)
- PAMM Accounts
- Platforms offered by HotForex for Forex trading
- HotForex MT4 Terminal
- Multiterminal HotForex
- MetaTrade 4 Webterminal
- HotForex Iphone Trader, HotForex Android, HotForex Ipad Trader, Smartphone Forex Trading
- Rapid Trade FIX/API
- Conclusions about HotForex
Why choose HotForex Broker?
As mentioned before, the HotForex Broker is one of the leading brokers in the market and one of the largest number of clients in the world. On the other hand, the trading platform is very easy to use and also has MetaTrader 4 as many other financial entities.
This company offers to its clients executions in the market of the type ECN what allows that each Trader has a deeper information when realizing his operations through his Trading account, these is translated as an easy and fast execution of the operations in the market with spreads that vary with respect to the changes that have the financial instruments in the market.
HotForex has a very easy to use website and everything is in perfect order so that people can have a simple navigability and find everything they are looking for quickly without the biggest inconvenience, any information that a client or a potential client may need about the platform I can quickly find on your website and it is extremely precise and detailed information about the things you are looking for related to the investment processes.
The customer service that this company provides to any problem that may arise is of first quality, operators are always available and are very kind to meet the requirement of each person.
Types of accounts offered by HotForex
This is a demo account offered by the platform which includes all the assets offered by HotForex to trade, the Trader at the moment of opening the account receives 100,000 dollars of fictitious virtual currency with which he can start trading and understand how the market is managed.
As its name says it is a small account designed especially for all those people who are starting to make their first investments in the Forex currency market or are experts, after all the experts in Forex choose to open this account, as it is the only one that has a leverage of 1:1000 maximum and 1:30 for people of the European Union maximum, the minimum deposit required to open this account is only 5 dollars and has variable spreads from 1 pip. The maximum number of orders a trader can open in this account is 150 orders.
The zero account has a maximum leverage of 1:200 and 1:30 for the EU, the minimum deposit to open this account is 100 dollars, the spread as with the micro account is variable and goes from 0 pip. When a trader has a zero account, HotForex makes available the same net spreads so that traders have greater liquidity in the operations they carry out in the market without there being a charge for management commissions that are executed in the background, i.e. hidden management, the maximum number of orders opened simultaneously is 500 and per position can have up to 60 standard lots.
From this account the minimum deposits for opening are increasing more and more because as such is the next level of investment so to speak for large volumes of money, the minimum deposit is 500 dollars, has a maximum leverage of 1:400 and 1:30 for the EU, the spreads are equal to those of the Micro account and the maximum orders opened simultaneously is 300.
Fixed (Registration is not available for new accounts of this type)
It has the same features of the Premium account, the only thing that varies is that the spreads are FIXED, that is, it has fixed spreads. This account is not available to customers in the European Union.
It has the same features of the Premium account, the only thing that varies is that the spreads are variable.
VIP (Registration is not available for new accounts of this type)
This account is exclusive for those people who trade with a lot of money and want to access VIP functions of the Broker, anyone who wants to trade with large amounts of money can use any account but in this almost HotForex offers several types of account with different benefits depending on the minimum amount of each investment.
HotForex’s VIP account requires investors to make a minimum deposit of 18,500 euros for accounts with this currency as the base and 20,000 dollars for accounts with this other currency as the base, has a maximum leverage of 1:300 and its spreads are variable from 0.0 pips and the maximum number of orders that can be executed simultaneously with this account is 400.
One of the advantages of the VIP account is that you can use 8 different platforms to trade Forex included there MT4 and you can opt for thirty minutes of consultations a day with HotForex Senior staff to clarify any doubts regarding the market.
This is the exclusive account to do Copy Trading at HotForex, for more information visit the publication where I wrote exclusively from HFCopy.
Islamic Account (Registration is not available for new accounts of this type)
For those traders who must maintain their Islamic principles the best and only account they can choose to trade is this one, it should be noted that an investor using this account can have one of the above mentioned bearing in mind that it is Islamic, ie, the upper level would be the Islamic account and the second the type of account he would choose so here I do not explain the minimum deposit or anything like that, since those details will be those of the past accounts according to which you choose, except the demo account and the PAMM because for the Islamic account does not apply.
Last but not least we have HotForex PAMM accounts, the minimum deposit is only 250 dollars, it has a leverage of 1:300, spreads from 1 pip and a maximum open order of 350. This account is not available for clients in the European Union.
All accounts mentioned above have only two base currency types “USD” and “EUR”.
Platforms offered by HotForex for Forex trading
HotForex MT4 Terminal
This Broker offers the popular MetaTrader 4 platform to trade on computers and laptops, it should be noted that using MT4 you can access all the assets that are available to trade in an easy, fast and secure way.
This platform is the same as above, the only difference is that you can manage multiple MT4 accounts instead of a single one, making use of it you can leave the trading completely automated in all accounts and define all relevant metrics to trade Forex. (It should be noted that both this platform and the previous one are for use on computers with prior installation of the system).
MetaTrade 4 Webterminal
It is the same MT4 platform with the difference that instead of being downloaded can be used 100% online without installing any software. It is perfect for when the Trader goes on a trip and needs to access his investment account from any computer in the world.
HotForex Iphone Trader, HotForex Android, HotForex Ipad Trader, Smartphone Forex Trading
These are the downloadable platforms for mobile devices and Tablets offered by HotForex, each and every one of them is based on MT4 and have advanced trading functions to perform the same operations that can be done on a PC, bearing in mind that the screen size of the devices will not be able to have multiple graphics simultaneously.
Rapid Trade FIX/API
This other platform is presented by the company as a simple and fast solution for those senior traders who want to take advantage of the market in a dynamic environment. This platform is designed only and exclusively for those who open a Fixed account and operate with an amount equal or superior to 50.000 American dollars, of rest this platform cannot be used because it is to mobilize great amounts of money in the operations that are realized in the market.
Conclusions about HotForex
After all that has been said before one can conclude that HotForex is an excellent Broker to operate in the Forex currency market, it offers many alternatives for all investors when trading on its platform. They also provide the opportunity to train inexperienced people and turn them into professional traders with completely free courses, webinars and video tutorials from Forex experts.
It is necessary to emphasize that this Broker has certain promotions which go out every year and for that precise reason I do not name them here since they usually expire with the passage of months, these promotions are offers for clients and in some cases depending on the type of account they can be exclusive for certain people depending on the amount of money they invest; between these offers there are bonuses, contests and goods own of the platform that contain the mark of the Broker, remember to verify the availability of the promotions before wanting to participate in some of them since they are for seasons and some can be unique.
Risk Warning: Product difficult to understand, the CNMV has determined that it is not suitable for small investors, due to the complexity and high risk involved.
Warning for people in the European Union: CFDs are complex instruments that carry a high risk of losing money quickly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You need to understand how CFDs work and whether you can afford to take the high risk of losing your money.