HotForex Broking Company provides a top-notch forex education. It avails all the required resources needed by traders to study new trading techniques and develop their trading skills. The broker has more than 30 forex videos and more than 20 educational tutorial videos. I have started trading from 2011 as i am interested on it. I have started trading with hotforex from 2013 and till now they are not paying my profit in a regular basis. Lastly i can withdraw only $50 as i have a profit of $500.
Customers can gain HotForex experience in seven different types of accounts, where the access requirements and fee models are sometimes significantly different. For example, an account with fixed spreads or commissions is offered. The accounts also differ in terms of minimum deposit and maximum leverage. At HotForex, you can trade traditional forex pairs or binary options, but you can also dabble in CFDs for commodities, stocks, and indices. Formed in 2008 with headquarters in Mauritius, HotForex offers a dual-regulatory compliance regime for their European operations. The Financial Services Commission handles compliance in Mauritius, while CySEC regulations apply to its Cyprus operating center.
At the same time, I found the other content that HotForex offers useful, such as the history of CFDs and Stocks. Last but not least, HotForex’s YouTube channel had some good quality educational videos such as short clips explaining what a Parabolic SAR indicator is. Expanding this category further will help bring it closer to peers. HotForex is a MetaTrader broker that offers the entire MetaTrader suite, including both MetaTrader 4 and MetaTrader 5 desktop and web. HotForex is a MetaTrader broker that offers the full MetaTrader suite with an optional tools package for customers called Premium Trader Tools to enhance the default experience.
Education is an essential factor which leads to success in the financial world. It is clearly visible from the broker’s educational section that it is not serious about educating and enhancing its users’ standard. The fees and commissions charged on trade are extremely high and directly affect the size of returns. The broker charges a high fee on withdrawal, hotforex indonesia inactivity and holding a trading position overnight. Moreover, the broker does not provide advanced safeguard tools, robust encryption and SSL protection to secure your sensitive data as well as transaction details.
Fixed spreads amount to relatively low figures of 1.8 pips on EUR/USD. Fixed spreads of 1.8 pips are comparatively offered VIP accounts of Easy-forex. Anyway, on Boxing Day when the markets opened again, I tried to trade BTCUSD but trading for BTCUSD was still disabled. I asked Live Chat about it and was told that BTCUSD trading was disabled in Hotforex since 7th December 2017.
HotForex offers an Islamic account that is only available to clients of Muslim faith. Forex Islamic accounts are also known as swap-free accounts because there is no swap or rollover interest on overnight positions which is against the Islamic faith. PAMM accounts are available to fund managers and investors. Investors don’t need to trade as all the trading is done for them through a fund manager who gets paid for this service.
There are many renowned firms which ask for relatively low fees and provide top and advanced features. Overall, HotForex is a good broker with balanced trading conditions and proposal with average costs. HotForex customer service we rank good and average, agents supporting international languages and are helpful, the connecting time for us was slow and we also got relevant answer via the Live Chat. HotForex research tools are good, you can find including technical tools on platforms and tools like Economic Calendars, Exclusive Analysis and premium tools also a well-designed News Feed. There are various bonuses for SVG clients including 100% Supercharged Bonus, 100% Credit Bonus ad more where all can be managed via myHF account area.
This may sound a bit unorthodox to the average trader because it indeed is. Hot Forex was Best Online Broker for Asia for 2012, Hotforex.com is an upcoming broker that is making waves in the online Forex brokerage arena. Registered and located in Mauritius, Hotforex.com is a regulated by the Financial Services Commission. The company thrives on Honesty, Openness and Transparency. A number of deposit options are accessible at HotForex’s website.
As a somewhat experienced trader I would advice my fellow traders to avoid HotForex and go for more trustworthy and regulated brokers. The withdrawals from the trading accounts of HotForex have the restriction of the margin calls. A margin call is the requirement of a broker to maintain the minimum funds in the trading accounts. According to the policy of HotForex, it does not notify any trader about the margin calls and in addition to this enjoys the leverage of stopping the trades at its sole discretion.
good jobSimple and straight30.04.18Regulated and reliable broker, I opened account with this broker for the bonus. I lost half my account after that running winnings due to hotforex dealing desk service. HotForex is a regulated forex broker that provides trading opportunities in a wide range of financial instruments. The company offers excellent trading conditions with superior trading tools to help traders optimize their profits. Easy-to-use trading platforms, secure trading environment, and competitive spreads make the broker a one-stop solution for all your trading needs.
HotForex have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing. The HotForex phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual HotForex team by calling in varying languages. HotForex made an effort to make sure our queries were answered. We sent several emails to HotForex and answer times overall were excellent.