Golden Face

hotforex broker

Index futures are available for 11 indices, with leverage of up to 2 per cent. To provide an idea of the rates, typical spreads for EU50.F are 3.1 and for UK100.F, they are 3.3. Only two commodities are available as spot contract CFDs, Palladium and Platinum, https://forexbroker-listing.com/ with typical spreads of 3.7 and 3.0 respectively. You can get in touch with a member of the HotForex customer support team 24 hours a day. You have the option of sending an email, talking to a representative via live chat or ringing them over the phone.

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The mobile app also offers the ability to receive push notifications for price alerts and other events, enabling traders to stay connected to the markets even when away from their desks. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. hotforex broker Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). I particularly want to highlight the management team at HFM, who understands the importance of competitive regulation, the safety of clients, and the benefits of leverage and loyalty programs.

hotforex broker

Mobile Trading

hotforex broker

Since its formation, HotForex has earned more than 30 awards, including with its parent HF Markets Group. This HotForex review could not find an obvious FAQ section on the broker’s website, which is a severe lack. Overall, HotForex is one of the best brokers on the scene today and are definitely a great option if you are looking for a new broker.

HotForex Review

hotforex broker

HotForex boasts licenses from several international financial institutions, including the FSCA and the SVGFSA. Our reviewers also found that HotForex offers sophisticated measures for securing its clients’ funds, such as civil liability insurance and negative balance protection. It also has an excellent reputation and a long history of satisfied clients. One of the biggest advantages of trading with HotForex is that there are no fees from the broker on deposits or withdrawals, no matter which payment method you use. If your transaction is over $100, HotForex will also cover any commissions or fees your bank or payment provider charges. Our team examined the fees and commissions for stock CFDs and found out that HotForex applies a 0.1% commission charge to every stock trade, regardless of the individual share.

hotforex broker

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HFM does not offer services to residents of certain jurisdictions, including the USA, Canada, Sudan, Syria, Iran, North Korea and others. We have created a mobile experience specifically tailored to the needs and demands of our traders. The HFM App is modern, innovative, intuitive and awarded by Capital Finance as Best Forex Trading App.

It also prides itself on offering the best trading conditions, giving traders and scalpers access to liquidity and expert advisors. The commission-free trading account lists a minimum spread of 0.5 pips but carries an average one of 1.4 pips or $14 per 1.0 standard lot. The commission-based alternative commences with a raw spread of 0.0 pips and average spreads of 0.2 pips for a commission of $6.00 per lot or total costs of $8.00 for major currency pairs.

  1. All with the confidence you’re joining a trusted global leader, with over 25 years’ experience – and more than 1 million clients worldwide.
  2. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices such as money laundering.
  3. HFM offers unlimited demo accounts for MT4/MT5, and traders may select their desired demo account balance from within the MT4/MT5 trading platforms.

Why use MetaTrader 4?

PAMM accounts are also available, following the Premium features and designed for Fund Managers. Islamic accounts are also available for the Micro, Premium, Auto, or Zero Spread accounts, without swaps or rollover charges. You will not find older HotForex cryptocurrency reviews as this is a relatively new addition to the broker’s portfolio. As with most other assets from the broker, if you review cryptocurrency offerings, you will notice that they are all CFDs. Additionally, there are just 49 total forex pairs available, which is around average and fails to set the broker apart from the competition. The minimum withdrawal amount is $5 for all options except the bank transfer, with the minimum withdrawal being $150.

For those looking to minimise fees and spreads, the Zero account has raw spreads with 0 mark-up. One of the key components of HotForex as a broker is to cater for all of the potential needs their customer may have. This is why they have a massively diverse range of account types available for you to choose from, with seven different options on offer, which is extremely high in this sector. At the same time, the broker is also focused on the education and knowledge of the market that its individual clients have. Because of this, it provides very well-developed educational material to Forex traders. These include standard Micro and Premium accounts, a Zero Spread RAW account, auto-trading, and social trading accounts, and a PAMM account.

They are available as a desktop client, a webtrader, and a mobile app, while MT4 comes with the PAMM module. The upgrades result in a very competitive solution, and HFM also developed its proprietary mobile app, HF App. I recommend a demo account balance similar to the planned live account real money deposit.

The demo accounts can be selected by the trader at any time, and they replicate the actual market conditions perfectly. Traders can use virtual money up to $100,000 so that they do not risk any money from their equity. You should consider whether you can afford to take the high risk of losing your money. During our HotForex review, it became clear that the broker has set itself a goal to offer some of the best research tools available on the .

HotForex provides a bunch of educational videos podcasts of market experts discussing key trading tools and topics. Besides that, there is a library of educational books for different topics that a trader can read from. Mobile access to the trading platforms is easier and faster since many trading decisions are time-sensitive and any delay will affect the outcomes of buying or selling any position in the market.

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