HotForex Review-Everything You Want to Know About

HotForex Review-Everything You Want to Know About

HotForex is regulated by multiple regulatory bodies such as Cysec(Cyprus), FSCA (South Africa), FSA(Seychelles), DFSA(Dubai), and FCA(UK). Having all these reputable jurisdictions authorizations depicts that it is a high standard broker. So, delve into the HotForex review to learn more.

Execution

The execution can be improved by allowing customers to trade against their prices and adding additional liquidity. Sometimes it depicts your word against the trading desk, but such instances are extremely rare. Furthermore, we have not observed any evidence of market manipulation and stopped hunting. 

Education about Forex Trading

Luckily, there is plenty of material on the website related to education. They have an e-learning center that will give you a great comprehension of major concepts common in forex, CFD trading, and Financial markets. In addition, they conduct several webinars to assist their clients in learning the technical aspects. 

HotForex Support

When we compared it to other brokers, it becomes quite clear that creating an account on this platform is a bit lengthy. They ask multiple questions to ensure whether the client knows CFD and forex trading. When it comes to customer support, they provide 24/5 support. You can contact them by various means such as telephone, email, and LiveChat. The markets usually start working at on23:00 GMT and close at 22:00 (GMT) on Friday.

Deposits and Withdrawals at HotForex

On the platform of HotForex, you can get a lot of funding options, so, if you want to jump into the trading world by spending a trivial amount. Just by depositing a minimum deposit of $10, you can start your trading activities. 

Another good thing is you don’t need to pay any fees for withdrawals or deposits. If we talk about withdrawals, usually they take 2-10 days but mainly rely on the method of payment you have chosen.

In addition to this, the clients can get an extensive range of well-structured bonuses on the deposits, and it can be up to 100%. Here is the list of some amazing payment options.

  • Bank Wire Transfer
  • Debit/Credit Card
  • Skrill
  • Neteller
  • Bitcoin

Account Types offered by HotForex

If you are going for a HotForex broker, you will get the five account types options. After analyzing and doing proper research, go for any one of them. Here are the details about a;l of the 5 account types. 

Micro

You can open a mini account just by depositing 10 USD, and the Leverage of this account is 1:1000.

Premium

The minimum deposit is 100$, and the Leverage is 1:500.

Auto

The minimum deposit is 200$, and the maximum Leverage is 1:500.

Zero Spread

Minimum deposit and Leverage are the same as Auto. 

HFCopy

Minimum investing is 100-300$ maximum Leverage is 1:400.

Final Thoughts 

To conclude the article, I would like to say that HotForex is one of the great forex trading options we have in the market. But here it is worth mentioning that firstly research and study. Terms related to trading are not easy so try your best to learn them. It will surely assist you in earning a good profit and will minimize the chances of loss.  

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