HotForex Review 2019 | Is HotForex a Scam or Legit Forex Broker?
Read our HotForex review to find out if HotForex is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.
HotForex Overview
At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this HotForex broker review.
HotForex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients. Through its policy of providing the best possible trading conditions to its clients and allowing both scalpers and traders using expert advisors unrestricted access to its liquidity, HotForex has positioned itself as the forex broker of choice for traders worldwide.
| # | Broker's Features | HOTFOREX Availability |
|---|---|---|
| # | Commissions | ❌ |
| # | Hedging | ✔ |
| # | PAMM | ✔ |
| # | Scalping | ✔ |
| # | Accepts US traders | ❌ |
| # | 24 hour trading | ✔ |
| # | Swaps | ✔ |
| # | Demo account | ✔ |
| # | Daily analysis | ✔ |
| # | Automated trading | ✔ |
| # | Mobile trading | ✔ |
| # | Trading by phone | ✔ |
| # | 1st deposit bonus | ❌ |
| # | Forex contests competitions | ✔ |
| # | Bonuses Promotions | ✔ |
| # | Interest charges on the balance | ❌ |
| # | Free education | ❌ |
| # | Expert advisors | ❌ |
| # | Partnership programs | ❌ |
| # | Trust management | ❌ |
| # | 24 hour support | ✔ |
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review HotForex.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. HotForex offers Online Financial Trading and Investment Services Such as Forex and Spot Metals, CFDs on Commodities, Indice.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. HotForex is BrokerEXT_SMALL1.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. HotForex recommended minimum capital is 5.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. HotForex is regulated by CySEC, FSC, FSB, FCA, BaFin, DFSA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. HotForex offers EUR, USD, PLN different account currencies for each account types.
Languages Available: Next lets have a look at each broker's different Language options. HotForex offers Russian, English, Spanish, Bangladesh, Vietnamese,.
Payment methods: Next lets have a look at each broker's payment options. HotForex offers Bank Wire Transfer, Credit Cards, WebMoney, Skrill different payment methods for each account types.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, HotForex makes MT4, MT5, Mobile Trading, iPhone, iPad, Android, W available to clients.
A closer look on HotForex's online platform for binary options trading
HotForex, one of the leading, global FX brokers offering both retail and institutional trading services to a worldwide clientele can boast, since its foundation, of having repeatedly won coveted titles from respected finance industry bodies for its innovative forex trading service provision. The ...…
Published: Monday 28 October, 2019
OptionTrade.com launched by HotForex for trading binary options
HotForex.com, a brand name of HF Markets (Europe) Ltd, has responded to calls by its customers to offer them the opportunity to trade binary options, alongside or instead of forex products that it was offering so far. In order to satisfy the demand for binary options trading, the company decided ...…
Published: Sunday 27 October, 2019