Whilst the fees do change depending on your account type, they are all fair, and spreads start from 0 pips. You will not be charged for deposits or withdrawals either, making HotForex the perfect choice if you’re looking to maximize your outcomes with higher trading volumes. Most CFD reviews for this broker will also mention the vast range of account types available, in addition to the ability to trade derivatives and forex online. The broker offers lightning-fast execution and strives to have top trading conditions.
Boost your trading
TAKE ACTIONOpen an account on the broker website.COMPARE BROKERSee what benefits one offers over the other.CHECK THE FOREX GUIDESTrading financial markets has never been easier. The maximum number of simultaneous positions allowed on HotForex is 500, whereas the maximum order size is 60 standard lots per position. All account types offer fractional pip pricing at the fifth decimal, resulting in more accurate pip quotes. HotForex and HF Markets are the two brand names of HF Markets Group, which was established in 2010 in St. Vincent and the Grenadines. Having been operating for over a decade, HotForex has become one of the most trusted and reputable international brokerage brands around.
HotForex mobile compatibility
Traders have numerous markets to participate in with many trading options, including Forex, CFDs, Spot contracts, and Futures contracts. Traders can choose from 50 forex pairs to trade, a range of commodities, many indices, over 50 shares, 7 cryptocurrency pairs, and bonds. A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools too. To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of HotForex’s trading platforms. Our HotForex review team found that the trading fees and commissions at this broker are highly competitive, and the non-trading fees are low.
HotForex client protection
Beyond the two main MetaTrader platforms, our review team discovered HotForex also offers an advanced trading platform called HotForex RapidTrade FIX/API. The broker specifies that the platform is ideal for those traders that want advanced order types, automated quote engines, improved automated trading systems, and order-routing management systems. HFM offers a deposit bonus for each deposit, https://forexbroker-listing.com/ the HFM gadget giveaway promotion, and trading contests for live and demo accounts also exist. Terms and conditions apply, and traders should understand them fully before participating in bonuses and promotions. I recommend caution with trading contests, as they may promote reckless trading habits, especially among beginner traders chasing a prize rather than learning to trade.
Non-Trading Fees
Zero account is an accessible, swap free, low-cost trading solution that is suitable for all traders. Cent accounts are an excellent choice for novice traders who want to put their trading skills to the test. With our always-low costs, spreads from zero, and generous rewards program.
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If you review their website, you will see that its mission is providing the best customer service via a client-centric culture. In reviewing HotForex, our experts found that a well-regulated broker suitable for those who want to trade via the MetaTrader platforms. Whilst the broker offers a limited number of instruments, the diverse range of asset classes still gives you plenty of opportunities to diversify your trading activities. Paired with a higher than average number of account types and an incredible number of tools, HotForex offers you a customizable experience. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). 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.
- They have everything from live webinars to market analysis, general training videos and step by step courses.
- Other HF Markets Group entities are regulated around the world by the DFSA, FSCA, and FSA.
- ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
- While often times HotForex has interesting bonuses and promotions running, at the moment they do not having anything of note on offer.
- They do not charge any fees for deposits or withdrawals on most of the methods available.
METATRADER 4MAIN FEATURES
Moreover, HotForex reserves the right to ask clients to show proof of their faith. At HotForex, you can open two different types of demo accounts as an existing client or a new one. These account types are designed to simulate real trading conditions with actual market developments and offer virtual balances of $100,000. Our HotForex reviewers found that you can use them as much as you like, making them perfect for both beginners who want to practice and veterans who want to try out new strategies.
The brokerages recognized all around the world and is licenced and regulated in numerous countries. With these regulatory bodies watching over HotForex, the broker has become well known and trusted all around the world. However, HotForex is not regulated by the CFTC, therefore do not accept traders from the United States.
They offer the best trading platforms available and a wide range of tradeable assets and financial instruments. The customer service is outstanding compared to competitors in the industry, and there is an extensive education center which focuses on educating traders who use their services. There are not too many online trading brokerages that offer the same level of service and features hotforex broker. 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.
So, this makes them a market-making broker and the clients are the counterparties to every trade. As you review HotForex deposit options, you will appreciate the range of choices as well as the lack of deposit fees. Broker also offers a FIX/API for those who want direct market access while trading.
Generally, for trades sized up to 1,000 there will be $0.08 charged per round turn, $0.80 charged per round turn for a trade size of up to 10,000 and $8 per round turn for trades sized up to 100,000. In terms of the trading instruments offered by HotForex, you can deal with everything from cryptocurrencies, Forex, metals, indices, shares, energies, commodities and bonds. It takes up to 10 minutes to deposit your money in your trading account in HotForex, however, it might take 2-7 business days if you are using wire transfer. Besides that, HotForex regulations in different financial markets are marked by recognized licenses such as FCA, DFSA, FSCA, and FSA. This allows the broker to conduct international finances and investing transactions in different countries.
