HotForex is a popular financial broker that offers its services to earn money on automated trading platforms for both private and corporate clients. The broker’s policy is to provide good trading conditions for traders with different forex experience, providing scalpers and other clients with unlimited access with the help of advisors to their liquidity. HotForex is rewarded with several forex awards and it is increasingly being chosen by traders from around the world.
The reputation of a reliable and honest broker HotForex has earned thanks to the following advantages:
- Unlimited earning potential;
- First-class and very informative trading tools;
- A wide range of account types for traders with different backgrounds;
- Platforms that are easy and easy to navigate.
HotForex is based in Mauritius and the official trademark is owned by HotForex Markets Ltd, registered in St. Vincent and Grenadi (persons). No22747 IBC 2015HF). The company conducts legitimate activities, which is confirmed by the relevant licenses: global business (persons. NoC110008214), CIF (persons.NoHE 277582), CySEC (persons. No 183/12, without access for EU clients) and acts as a financial services provider, representing the Financial Services Council in South Africa (persons). No46632).
All documents are posted on the broker’s website and give an understanding that HotForex clients’ finances are protected both during trading and during withdrawal to personal accounts.
HotForex Platform and Trading Opportunities
The HotForex broker has a choice of 5 different types of accounts, as well as both author’s software tools and trading tools to help both individuals and institutional companies trade in the financial market. Traders have the opportunity to trade with this broker different assets over the Internet, including a demo account, trading through a web trader.
The broker offers trading on HotForex MT4, HotForex MT5 and HotForex PAMM system, which are specialized versions of the world’s most popular trading platform. In addition, the original MT4 and MT5 downloads are available on MT4 and MT5 servers.
HotForex provides a variety of account options that customers can choose accordingto their needs.
For new customers, the best option is to open a micro account. In order to trade on it, the trader needs to deposit only $50. Depending on the trading tools used, the leverage for this account is 1: 1000. Spreads here are variables, with the beginning of 1 pips.
If the trader is not a beginner and already has experience in Forex trading, he can choose either a premium and a VIP account. They provide an opportunity to open large positions at narrower spreads. To start trading with these accounts, you need to deposit $500. And if the trader is looking for an opportunity to trade with fixed spreads – he can choose a “fixed” account. Of the features here are a maximum leverage of 1:400 and low fixed spreads.
On the HotForexStat trading platform, traders have the opportunity to communicate with other traders around the world, as well as to track and copy successful trades.
Withdrawals and customer support
To withdraw money after a successful trade, only one day is enough. To do this, you need the trader’s account to be confirmed, which once again speaks about the reliability of HotForex.
In case of misunderstandings, traders can contact the client support, which works in 27 languages and is available around the clock 5 days a week. Several phone numbers and email addresses give traders direct free access to customer service in their native language. This is an indicator of a culture oriented towards customers, which is one of the broker’s missions.
Training, promotions and bonuses
All traders without exception, after opening a demo account or a real account on any of the accounts, get access to the electronic training course. It is well structured and allows you to learn the basics of trading.
The course includes the basics of Forex theory and trading in the financial market. Having studied it, traders understand how to read and interpret charts, trading strategies, psychological features of trading and apply technical analysis.
The broker’s website has materials that are available and without registration: introductory Forex concepts, Metatrader tutorials, basics of trading strategies and lessons on economic theories.
Webinars are held several days a week, each of which is dedicated to current events in the forex market, a new advanced strategy for trading, as well as risk and money management. These webinars do not require a HotForex account, but you must register to participate.
For a deposited amount in the form of a bonus or loan that doubles the capital of HotForex’s personal account bonus of 100%. You can get it by confirming your trading account by making a deposit and choosing the bonus itself.
And as a conclusion, our review of broker HotForex confirms that this is a good choice for new and experienced traders. The Broker confirms its reliability by the regulation reflected in the rewards in the field of protection of clients’ funds.