The specialized Auto Account is also offered, but only under the entities based under FSCA and SV jurisdictions. The broker also utilizes margin calls for those trading on leverage. This ensures that your equity does not drop below a desired level without your knowledge.

• The earnings are calculated based on the account daily free margin and the current month’s accumulated trading volume.
• Its key feature allows investors to trade small and open an account with a lower initial deposit.
• Aside from foreign exchange trading, we also offer trading on a variety of products such as Indices, Commodities and Metals.
• The HotForex 50% Welcome Bonus, offered by HotForex South Africa, is available only for a selected account type and is directly deposited to the trader’s live account subject to a minimum deposit.

The earnings are calculated based on the account daily free margin and the current month’s accumulated trading volume. The total return will be credited to the trader’s wallet every month. HotForex’s pricing and trading costs are similar to the pricing offered by other players in this industry.

Forex Scam Brokers Review

HotForex global website, HotForex Zero Spread Account, trading commissions schedule page. Negatively, some HotForex users complained about the broker’s spreads, stating they were slightly above https://xcritical.online/ industry average, and the occurrence of some slippage. A money manager opens a HotForex PAMM Account and activates the account by allocating an initial xcritical as the “Manager’s Capital”.

On the downside, HotForex spreads are signalled, by the trading community, as slightly above average and traders may experience some levels of slippage while trading with HotForex – both positive and negative. Also negatively, the choice of financial regulator for HotForex’s international clientele, Saint Vincent & The Grenadines FSA, offers little to no protection to retail traders. TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other assets as CFDs. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey. The spreads and commissions with HotForex and HF Markets will vary depending on the account type that you have chosen.

Customer Support

HF Markets Ltd is incorporated in Saint Vincent & the Grenadines as an International Business Company with registration number IBC 2015, and regulated by the nation island Financial Services Authority . To start our HotForex review, we will outline the best features of this popular CFD broker. HotForex is a member of the HF Markets Group , a well-regulated broker supervised by some tier-1 financial regulators, such as the Cyprus CySEC and the UK’s FCA. We have scanned fees that HotForex charges when trading popular currency pairs, here is their breakdown in pips. Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings.

The HotForex app can be used to help investors understand the markets with access to excellent trading tools and the latest news, updates, and financial analysis. The updated HotForex app now features direct access to the user’s myHF area. The HotForex MT4 accounts also give access to 54 shares derivatives of global companies and banks and the opportunity of trading 946 stocks CFDs of top banks and companies with DMA access to global exchanges. It’s quite easy really, but aspiring money managers need to be registered clients of HotForex in the first place. Then, for existing clients, log in to your myHF dashboard, then click on “PAMM V2” Accounts, followed by “My Manager Accounts”.

HFM Disadvantages

One of the premium accounts key features is its flexibility in position sizing, with a limit of 60 lots. There is also a minimum trade size of 0.01 and it still remains flexible. Like the Micro, it also uses MetaTrader 4, MetaTrader 5 platforms. This is one area where you can say that no other broker can beat Hot Forex. The broker has given you so many account options that you will find something that meets your exact needs no matter how specific you are with your requirements.

• Stop loss will cause a certain trade to be promptly ended at a defined price, ensuring that you do not lose further than you specify.
• Undoubtedly, ECN brokers are a more viable option than the market makers.
• The HF Copy Account is a copy trading account and proprietary copy trading service that is offered by all entities of the broker with the exception of in the UAE.
• Our spreads are tight, which results in lower cost of trading for our clients.

The minimum deposit for this VIP account type is $20,000 or 74,000 AED. For that though, you gain access to a range of benefits including your own personal relationship manager and an excellent spread starting from 0 pips with a $6 round turn commission per lot, or 44AED. HotForex also offers a micro account, though this account type is only offered by the South African entity (HF Markets SA PTY Ltd.), and the SV entity (HF Markets SV Ltd.) of the broker. This is a great account for those starting out in trading with a minimum deposit of just $5 in place.

Trading hours

Trading in bonds, indices, and stocks will depend on the time of the local market where that asset is traded, and respect the hours of that market. There are 22 global indices to trade in on both the spot and futures market. These come from every region of the world including major indices from the EU, US, Australia, and Japan. Added to that, the HF Markets group will cover any of your wire transfer fees from your bank if you deposit at least $100 ($250 in the EU). The base currency of your account is the currency that you will be trading in.

With more than 200 employees working in many countries of the world, this broker has already crossed the milestone of having 500,000 trader accounts. That’s half a million trading account and they are only increasing as the time passes. During these 7 years, the company has earned more than 27 awards too. Identifying an ECN broker in the UK is not easy, considering that there are plenty of them in the market. However, since ECN trading continues to be popular in the UK, our professional researchers tested and recommended the above brokers so that you can easily choose one and start investing. Note that these brokers have demo accounts, and you can practice ECN trading before signing up for a live account.

How long does HotForex withdrawal take?

I have requested many of them and I will say that my requests have been processed in a short time of period. With the HotForex app, traders can manage their accounts and funds by simply login into the myHF area on any mobile device. If you are a trader looking for an alternative broker for stocks derivatives trading, HotForex scammed by xcritical can also represent an interesting option. HotForex Micro account is designed for traders new to the FX market and those trading smaller volumes, allowing investors to trade smaller trade sizes and open an account with a lower initial deposit. Spreads start at 1.0 pip for major pairs, with no trading commissions.

• The broker complies with annual and quarterly reports and review requests with internal audits conducted regularly.
• Gas is one of the most important and traded commodities in the world!
• Support is very helpful but in all honestly i only had to use them once during my account approval since they requested some additional documents.
• We also have a very competent development team and we pride ourselves on being able to offer customized solutions to our clients and partners.

• 09/03/2022
• un messaggio di: Amore
• Da: ayatnoor