Whether you’re a novice trader who has just started or an experienced one with a few years behind your back, it is essential to be up-to-date with the happening of the industry; hence the internet is swarmed with broker reviews. At learnmarkeetonline.com it is our mission to keep you abreast with all the latest market happenings and reviews. Forex is volatile and in order to stay on top, the traders have to keep a close eye on the market and its conditions. This HotForex review is honest and is updated with the latest developments and will help traders pick the best forex broker in the world.
HotForex is a brand owned and managed by HF Markets Group:
HF Markets Ltd is a regulated international broker under the license number 22747 IBC 2015.
HF Markets Ltd (Europe) is regulated with CysSEC under the license number 183/12 and is a Cyprus Investment Firm.
HF Markets Ltd (Mauritius) is regulated by FSC, Financial Services Commission under the global business number C110008214 and registration number 094286/GBL
HF Markets Ltd (South Africa) is regulated by Financial Service Board under the license number 46632
HotForex offers trustworthy, award-winning financial services to a global clientele.
What Is HotForex?
HotForex is a highly reputed and award-winning FX and commodities broker for individual and institutional traders, to whom it provides various trading services and offerings. It also offers different account types, trading software, and tools to cater to the FX and CDF online traders. The broker offers leading auto-trading platforms which give clients access to view interband pricing and liquidity. The broker provides all the essential assistance needed to aid traders to make the best trading decision. Since its inception, HotForex has made a mark evidenced by the numerous accolades presented to the broker.
- Awarded Best FX News and Analysis Provider by Mena Dubai FX Show in 2016
- Awarded Best Forex Online Broker by New Europe Magazine in 2015
- Awarded Best Customer Care by European CEO Awards in 2015
- Awarded Best FX Broker in China by CIOT Expo in 2013
- Awarded Best Online Broker Asia by World Finance Magazine in 2013
- Ranked Top 100 Companies by World Finance Magazine
There are numerous reasons to pick HotForex to trade with, the most significant ones being the wide scope to trade in lower volumes, which is especially great if you’re a novice trader or if you have a limited budget for FX trading. Customer care is excellent and there are various attractive HotForex bonuses available along with low HotForex spreads and low initial deposits.
Different Types of Account with Top-Rated HotForex
HotForex has more account options than the industry average which means it caters to every type of trader. Each one can find something that suits their preferences. The Micro account is ideal for beginner traders; the HotForex minimum deposit for this account is just 50 dollars and the max leverage is 1:1000. Spreads are variable based and start at 1 pip. Experienced traders with few years of trading expertise can opt for Premium and VIP accounts which have a minimum deposit requirements of $500 and $20,000 respectively; these are quality options for large volume traders who prefer to open larger positions on lower spreads. A fixed account caters to traders who wish to trade with fixed spreads, this account has a max leverage of 1:400 and min deposit of 500 dollars. Peer grading is also popular, with HotForex the traders have a network of more than a million traders, to follow and emulate successful trades via the very popular FxStat platform.
HotForex Offers A Variety Of Trading Platforms
HotForex gives a variety of trading platform to choose from depending on one’s personal trading preferecnes. It also provides the industry popular MetaTrader4 platform which can be downloaded directly to one’s desktop. This platform is also available as a mobile version for Andriod and Apple devices for the traders who like to stay on top of things and like to trade on the go.
Hot Forex Key Features
Most of the leading brokers in the industry provide educational material on their website which is the start of the art. While HotForex may lay focus on providing an extensive array of educational material, there is still enough to cater to the basic needs of their educational center; such as numerous quality trading tools. We didn’t get a chance to look at all of them, but the ones we thought needed special mentions are Risk & Reward Calculator, The HotForex App, and the Pip Value Calculator.
The following are the benefits of picking HotForex
- Favorable trading conditions
- Unlimited profit-making potential
- State of the art and informative trading tools
- The comprehensive spread of account types to suit different requirements
- Easy to navigate platforms
- Regulated by CySEC, with clients funds protected in segregated accounts, which makes it reliable and safe to trade with