HotForex

HotForex LogotypeOne demonstrated way to achievement of great results is being “client responsive”, particularly in the Forex trading industry. Yet, many firms claim more to be and do more than they actually deliver. Not so with HotForex.com, which might be one of the best in the business of giving their customers what they need, to say the very least.

The broker’s offerings and components are swarming with new features that are custom-fitted to suit particular fragments of the worldwide group of traders. In case you learn don’t feel great with your current forex broker or that the trading conditions are not perfect for your individual traders, HotForex (otherwise called HF Markets Ltd.) might be the broker that you have been looking for and need to try.

If you are trading binary options, good news! This broker also offers service for binary options traders. Sadly, however, they don’t accept traders from the US right now. With HotForex Forex broker also IQ Option broker, you can exchange conventional Forex sets or parallel alternatives.Footer Pros of Trading

The different pros of trading with HotForex

Apart from that, you can likewise experiment with CFDs for items, stocks, and records. First founded in 2008 with central office in Mauritius, HotForex offers a double administrative management administration for their European operations.

Regulations and LicensesThe Financial Services Commission (FSC) handles operations in Mauritius, while CySEC controls European operation from Cyprus. Different languages have pulled in an expansive worldwide clientbase of faithful users, many influenced to participate because of the 14 prestigious industry grants that the firm has earned in the course of recent years.

There are likewise copious rewards and honor projects that are really impressive, regardless of whether you are already a quite experienced trader or just a fresh beginner. HotForex does not make any separation and is meant for any level of skills and knowledge.

Mobile COmmodities TradingSmall scale accounts start at only 5-dollar deposit and advance from that point. There are likewise other particular records that get to new social exchanging and zero-spread exchanging accounts.

HotForex is a Straight-Through-Processor (STP) that has adjusted its liquidity suppliers to oblige a wide range of brokers that also include scalpers and automated dealers. You may download the famous Metatrader4 stage arrangement or get to one of many different working frameworks that allow electronic and portable activity to thrive on any working framework.

Tight spreads are the lead, and you will discover higher use limits than offered by most brokers on the market. Educational materials are phenomenal and are presented in abundance. Customer support team is top notch, too. The company’s slogan is “Trustworthiness, Openness and Transparency”, which is just the right mix for the broker of your choice.

HotForex Unique Features

Why should you choose and trade with HotForex? Here are just some of the reasons you might want to consider this broker:

  • The company was founded in 2008 in the Republic of Mauritius by the top industry experts;
  • Managed by two relevant regulatory bodies: the FSC in Mauritius and CySEC in Cyprus;
  • All stores are protected in isolated records with Level 1 worldwide banks;
  • It’s possible to trade conventional Forex sets or CFDs for stocks, products, and records with more than 200 resource decisions in 20 different markets;
  • For those traders who prefer trading binary options, their partner, OptionTrade.com, can deal with your requirements in one single click directly from the HotForex site;
  • MT4 trading platform, joined with modified electronic adaptations for get to by means of any all working framework;
  • Three standard trader account types with various advantages: Micro account (deposits $5 to $499); Premium account (for deposits $500 – $39,999); VIP (deposits over $40,000);
  • Particular account for different traders: no-swap Islamic account and a currenex account;
  • Extraordinary social trading components that can give you a chance to associate with different brokers, talk about different strategies, techniques, and news, take after and duplicate the best portfolios and rapidly grow your system;
  • Many ways for deposits and withdrawals;
  • An option to get your own debit card for speedy withdrawals;
  • Site in 25 different languages that are supported 24 hours a day, 5 days a week.

Trading Platforms

In general, there are 8 trading platform that a trader can use at Hotforex.com. They are as follows:

  1. HotForex MT4
  2. MetaTrader MT4
  3. MT4 for Apple devices
  4. HotForex WebTrader
  5. Cell phone Portable Trading
  6. HotForex Droid
  7. HotForex iPhone Dealer
  8. HotForex iPad Dealer
  9. Blackberry Trader

Mobile Trading AppLike most heavyweight Forex brokers, Hotforex offers its customers the MetaTrader MT4 as the base of the other trading platforms of the solution. The MT4 is viewed by the business as being basically solid and offering clients an extensive variety of instruments and assets for trading on such an unpredictable place as Forex. One noteworthy favorable characteristic of the MT4 trading platform is the way that it enables clients to utilize automated trading programs. Hotforex likewise gives Apple users a perfect form of the MT4 trading platform that works perfectly.

Hotforex Webtrader

For those requiring something easier than MT4 trading, they can decide on the Hotforex Webtrader. This particular trading platform requires no need to download and instal and extra products whatsoever. Their principal focal points are:

  • Momental Access on the Web
  • Multilingual platform with excellent trading conditions
  • No download and instal required
  • Same Login data as in MT4 Account, which makes it easier to remember and access.
  • Online graphs of the trades
  • Possibility of seamless mobile trading

As we have mentioned already, Hotforex additionally offers help for traders who need to trade on the mobile devices while traveling or commuting. The greater part of the mainstream cell phone types are able to be connected to the platform.

Types of Trading Accounts

Zero Spread AccountsFocused on giving the best to their customers, Hotforex made the decision to introduce 5 unique sorts of trading accounts that would suit every type of trader. They include the following:

  1. Micro TradingAccount – For exchanging small amount. Suitable for beginners trying out trading for the first time.
  2. Premium Trading Account – Suitable for more experienced traders that would like to trade overage amounts.
  3. VIP Trading Account – A great choice for experienced trading who trade full-time and would like to benefit from everything this broker has to offer. Benefits are shown with better trading volume.
  4. Islamic Trading Account – Offer trading in light of Sharia Principles for the traders from Arab countries.
  5. Currenex Trading Account – Design specifically for those experienced traders that use scalping as their main form of trading.

Commission & Spreads

When speaking about the spreads charged by Hotforex, we need to point out that it will absolutely depend on the kind of trading account that you have and on the volume you have traded. Those traders that are in the possession of a VIP or Currenex account, the spread begins from 0.2 pips. The spread for alternate sorts of trading records would begin from 1 pips.

Reliability

Now, let’s talk about whether this broker is truly reliable and what is the quality level of its products. Hotforex.com offer for their traders extends to a few financing choices guaranteeing that they will have no issues saving or taking back their assets.

As a trader, you get to pick from all the different choices recorded in the following list in the event that they need to deposit money into their accounts:.

  • Credit cards
  • Bank Wire
  • Cashu
  • Liberty Reserve
  • Moneybookers
  • Neteller
  • Perfectmoney
  • Ukash
  • Webmoney

Whenever you want to withdraw your assets, you can settle on any of the accompanying techniques:

  • Credit cards
  • Bank Wire
  • Cashu
  • Liberty Reserve
  • Moneybookers
  • Neteller
  • Perfectmoney
  • Ukash
  • Webmoney

Current Rates and SpreadsConcerning the security of their funds, customers of Hotforex can rest assures that their cash will be hosted exclusively by a third party, NinetyEast Store Administrations Constrained. It is easy to freely regulate your money in independent isolated customer records.

Notwithstanding the above measures, Hotforex is likewise entirely managed by the administrative experts in the Republic of Mauritius in order to guarantee that they meet the money related benchmarks required of an organization giving monetary services to the overall population.

Customer Support

In case you find yourself in need of some extra help, Hotforex customer support works 24/5 and is available in 12 different languages. You can reach their support team anytime via live chat, email, fax, skype and over the phone.

Support for Beginners

Hotforex customer support agents can talk at least twelve different languages and and can be reached 24 hours a day and 5 days a week through the phone, live chat, email or even Skype. The site can really be used in even more languages, 25 of them to be precise.

The company’s focus is loaded with preparing materials, recordings, outlining devices, free flag alarms, every day discourse, and that’s only the tip of the iceberg, for both newbies and veteran traders.

Conclusion

ApprovedHotforex, the Forex broker that is on the market since 2008, have been picking up pace and beating competition of many other brokers (FXCM, Etoro, Binatex and Exness). While most representatives will attempt to focus on the enormous deposits and big trading accounts, Hotforex have not dismissed the little trader.

This is obvious in its features designed for the smaller scale trading accounts. You needn’t bother to collect a little fortune just in order to begin trading with this broker. Moreover, their spreads are very reasonable. It is no big surprise that Hotforex received a reward from the World Fund for 2012 for its exceptional services.

Pros:

  • Possible to trade with a very little volume
  • Excellent trader base
  • Big bonuses
  • High Leverage
  • Very low deposit needed in order to open an account ($5)
  • Low spreads beginning from as low as 0.2 pips
  • Many various trading platforms to choose from
  • Many trading instruments to choose from.

Cons:

  • None

Start trading

7 Binary Options review: HotForex: 4.5 stars

John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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3 comments

  1. Billy   •  

    good spreads
    good execution
    active support with live chat option
    pamm available
    good website and user friends
    webinars and reginal seminars are conducted
    its a good broker

  2. Jojo   •  

    The best part of this broker which i have noticed while trading with these guys is that they don’t hunt you for stop losses. I have been trading for the past two years now with no complaints.

  3. gobi   •  

    This broker has added crypto currencies too which is really tempting as they are too volatile to make a bunch full of returns everyday, i am currently sticking with this bitcoin and so far things seem fine.

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