Hot Forex Broker Reviews Get Forex Trading Strategies & Feeds

If you are interested in stock trading, then you will have a choice of 55 major company stocks that are listed on stock exchanges in the US and EU. If you do not maintain sufficient balance to cover the fee, then the broker reserves the right to close your account. HotForex and HF Markets does also charge an inactivity fee, though this will only apply after 6 months of inactivity.

• All companies which trade with Iran or which make or receive payments to or from natural persons in Iran are subject to those penalties.
• A ZAR account is accessible via the HotForex Limited ZA affiliate.
• This account type limits the maximum trade size to 7 Standard Lots and gives traders the ability to choose between MT4 and MT5.
• For example, support agents can use visuals like screenshots and video tutorials to explain procedures to clients with limited English proficiency.
• A money manager opens a HotForex PAMM Account and activates the account by allocating an initial xcritical as the “Manager’s Capital”.

That’s usually as little as $ but it can occasionally be a lot more. Sometimes the broker might only offer a bonus on deposits over a certain amount as well. That might mean you have to deposit more than $1000 in order to benefit from the bonus.

i started using copy trading but after…

Terms and conditions can be viewed for each bonus or promotion by selecting the corresponding offer under the ‘Promotions’ section of the website. If you run into any problems, you should be able to get some kind of extra support from the customer support team. Most disputes are settled quickly, and any delays with your money going in or out should be easily resolved. If you want to use a forex brokerage that works with the respected names like MT4 and MT5, though, you can find that HotForex lives up to your expectation. Now, everything seems OK with Hotforex broker however “ProfitF team” will keep monitoring this broker and update this review if any changes take place.

XTB’s web, desktop and mobile trading platforms are all user-friendly with good customization. It is regulated by multiple agencies worldwide and is considered one of the best trading platforms. Only in the event of certain circumstances will these requirements not be fulfilled. HFM offers a variety of very attractive bonus incentives for its clients. You can enjoy a bonus on every deposit if it meets certain requirements.

HotForex Asset classes

Professional accounts have a higher minimum deposit requirement, trading commissions of $3.50 and spreads as low as 0 pips. HotForex offers various accounts types and the best trading tools to enhance the trading experience of individuals and institutional customers on several markets. All of HotForex retail, affiliates and white label clients have the opportunity to access various interbank spreads and prime liquidity via state-of-the-art automated trading platforms.

HF Markets Ltd is authorised and regulated by the Dubai Financial Services Authority . Summing up, we can confidently say that HotForex is an excellent young trading platform that has many positive features. They care about the safety and comfortable trading of their clients. If you are looking for alternatives to HotForex we have compiled a list of the top 5 brokers that are similar to HotForex below. This list of brokers like HotForex is in order of similarity and only includes companies that accept traders from your location. The HotForex 0 spread account is particularly useful for high-volume traders, scalping and those trading with Expert Advisors .

Top 10 Forex Brokers in Mongolia

Offering more than 19,000 financial instruments, xcritical has no minimum deposit requirement. The broker has around 240,000 users and the platform is accessible via web browser, Windows and Mac app, Android and iOS apps. HotForex is a market maker broker that was established in 2010 and is regulated by seven regulatory agencies. Offering MetaTrader 4 and MetaTrader 5 trading platforms, the broker offers several bonus programs for new members. HotForex offers tight spreads on over 50 currency pairs, with a minimum deposit of $5.

• The demo account is one of the best ways to get to know any broker, and HotForex is no different.
• As with any forex broker, HotForex has certain minimum deposit requirements in order to open an account.
• If you have programming skills, it can also send trading orders from Excel or any other COM environment.
• These are just a few elements that render the forex market one of the most popular in the world.

There is a huge library of written and video content, and traders also have access to a busy calendar of live webinars. This brand offers its customers the chance to use both the HotForex MT4 and MT5 platforms, with web and desktop versions available. Trading from the NAS100 Index comes with some level of security as they are reputable companies with massive customer bases. Most NAS100 trading strategies will rely on analysis of one kind or another.

Trading Fees

HF Markets Ltd is authorised and regulated by the Financial Conduct Authority . HF Markets Ltd is a Cypriot xcritical Firm regulated by the Cyprus Securities and Exchange Commission . CySEC is the supervisory and regulatory authority for xcritical services firms in Cyprus and is a member of the European Securities and Markets Authority’s committee. HotForex is a successful broker operating on the market since 2010. The company boasts over 2.5 million active users and more than 200 employees worldwide.

NAS100 is the name given to the largest non-financial stocks which are traded on the NASDAQ exchange, so it isn’t technically the same as forex, which is typically foreign currency. There is detailed technical analysis, trading ideas, interactive charts and third-party news feeds. There is a demo account available, which allows traders to practice their strategies and work out how best to use all the functions of the platform. It offers a 20% welcome bonus up to $10,000, according to regulation and a free 21-day demo account with $100,000. xcritical offers trading ideas and some market analysis, but the research tools are basic compared with other platforms.

Alternatives to HotForex

Past performance should not be considered evidence or guarantee for future performance. Trading Forex and CFDs involves significant risk of losing of your invested capital and is not suitable for all investors. 64.86% of retail investor accounts lose money when trading CFDs with this provider. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, xcritical objectives and seek independent financial advice if necessary.

There is no minimum deposit, and xcritical offers low CFD trading fees. Whether you’re just starting or a veteran trader, our HFM broker review team finds that this broker is an excellent trading partner. During our HFM broker review, we found that this broker charges rollover fees, and these differ based on the instrument. For all assets other than forex, gold, and cryptocurrencies, the rollover includes an internal interest fee. This is in addition to the rollover fee charged by the parties the broker works with for that particular security. For forex, gold, and cryptocurrencies, an additional fee is included that considers an internal risk assessment.

Is HotForex a good broker?

HotForex offers industry-recognised MetaTrader 4 and MetaTrader 5 trading platform options. Installation is straightforward and the broker offers a 101 tutorial guide if you are having issues. HotForex is a multi-asset online broker offering trading opportunities in forex, commodities, indices and more.

• We consider the Zero Spread account trading commission to be average when compared with other top brokers.
• The only thing i don’t like is that here in my country a lot of forex websites are banned even if well regulated.
• This insurance protects against mistakes, negligence, omissions, fraud, and any other issues that could result in financial losses.

So no matter what your preferred method of payment may be, you should be able to fund your account without any trouble. When looking for a forex broker, it is important to find one with good customer support. This will ensure that you have someone to help you if something goes wrong when trading. Even if a broker offers a nice bonus, though, you should take time to research it and make sure it’s a reliable platform that you can trust. If you plan on trading for a while then you need to find a top broker that you still want to use long after the bonus has run out.

HotForex provides an unparalleled variety of account options for individuals, fund managers and institutional customers. Choosing a forex broker is a challenging task, even for the most experienced traders, as many brokers sell themselves as ‘the best in the market’ in a bid to overcome fierce competition. The spreads offered by brokers are more or less similar, and the same goes for the performance of trading platforms.

The signal providers earn a performance fee of 35% on every copier. There are also several other trading programs and bonuses to note from the HF Markets Group entities depending on where you are based around the world. Added to this, HotForex premium charting tools caters perfectly for scalpers and others, with one-click trading, regular https://dreamlinetrading.com/ price alerts, the ability to receive signals, and more. The specialized Auto Account is also offered, but only under the entities based under FSCA and SV jurisdictions. The leverage available through the HF Markets Group depends on a number of factors that includes the entity you are trading under, and the assets you are trading too.

Traders choosing Skrill and VLoad to fund the trading account will have to deposit a minimum of $10. HotForex HFcopy account is the broker’s social trading account, suitable for both Strategy Providers and Followers. Strategy Providers can open an HFcopy Account aiming to build their community of Followers and trade in exchange for a Performance Fee, xcritical reviews as high as 50%. Followers, on the other hand, by opening an HFcopy account will be able to deposit funds and start copying the trades of more experienced traders. Spreads start at 1.0 pip for major pairs, without trading commissions, and is available with the MT4 desktop, web terminal and mobile versions, allowing trading of forex, indices and gold.