HotForex Review for 2019: Is It a Scam? Must Read!
It is completely legit and dedicated to offering you a fair and secure trading experience. If you really want to have an outstanding trading experience, sign up with this highly recommended and trusted forex broker today. You’ll have access to a wide range of account types with low minimum deposits, a demo account to get comfortable, and an incredible number of tools to make you the best trader you can be.
HotForex will not cancel profits or reject withdrawals after traders making profits in their trading accounts. As HotForex strives to be the NDD(Non-Dealing Desk) execution model, the broker doesn’t restrict any kinds of trading methods on MT4 accounts .
The company has also made a substantial commitment to communicating with its clients in their native language, and this is reflected in their multi-lingual customer service and website content. Finally, HotForex’s dual regulatory status, segregation of client funds and state of the art encryption technology make this broker safer to open a live trading account with. HotForex offers 24/5 customer support, and its multi-lingual service reps speak numerous languages competently to make communication that much easier. In addition, customers can contact the broker using phone, live chat, email, and even using Skype.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. My personal experience is really good. hotforex does have a very good reputation. i would like to reiterate that affiliate persons do not actually reflect the brokers credibility, some thing tells me thats what happened, and usually due to people lack of true forex trading realization.
I have been using HotForex for more than 4 years now. Excellent customer service and trading conditions.
Great broker for sign up and easy of…
These methods can all be used for both deposits and withdrawals. Aside from rollover fees, HF Markets does not charge any additional fees.
I am confident with my overnight positions as I feel safe with Hotforex accurate and smooth price quote flow. Unlike many other scam brokers I don’t get any considerable gaps and slippages even on cross-pairs after rollover calculation times (though it is considered as difficult time where it is adviced to avoid trading).
At best, HotForex’s pricing is slightly better than the industry standard; however, pricing still trails low-cost leaders such as CMC Markets and FOREX.com. Of course, it is not wise to make a final choice of a forex broker based just on other’s opinions; however, comments and reviews about HotForex shed some light on how responsible the brokerage company is, and what is the level of the services offered. When making a choice you may seriously take into consideration the amount of happy or unhappy comments about the broker that you have looked through.
- No downloads to deal with.
- Then, a PAMM account for those engaged in trading for multiple clients, and the HFCopy Account which provides for both followers and strategy providers who wish to engage in copy trading through the broker.
- How much I had to sort out brokers and lose my money before I found a HotForex broker.
Please make sure that you fully understand the risks. You should consider whether you can afford to take the risk of losing your money. About 8 platforms are available for trading. These range from browser based, tablet based and mobile phone based platforms.
US-based brokers are required to be regulated by the CFTC and be a member of the NFA to be able to offer their services to US citizens. Nevertheless, almost all the modern regulatory organizations these days are committed to the welfare of traders in general, which is a good thing, considering that the number of scams is increasing on a day-by-day basis. The HotForex brand is owned by the “HF Markets Group” and was founded in 2010 in St. Vincent and the Grenadines. HF Markets Group encompasses the HotForex and HF Markets brands, and the following specifications are applicable only to HF Markets (SV) Ltd.
HF Markets offers both MetaTrader 4 and MetaTrader 5 trading platforms. Both of these platforms offer a variety of charting tools to make trading as easy as possible and also allow for trading robots. HF Markets offers non-EU clients a slew of very attractive incentives. You can enjoy a bonus on every deposit, as long as it meets certain conditions, and take advantage of cashback on losing trades. HF Markets offers a wide range of payment options, including all major credit and debit cards, wire transfers, Skrill, Neteller, and Bitcoin.
For such diversity, this broker notches a Tradable assets score of 4/5. The design is very much similar to other brokers that are Umarkets broker review also using the MT4 platform so basically there’s not much of a difference so for this I am giving them a Design score of 4/5.
For anyone trying to open a HotForex…
Please note the spreads displayed in the website are all included extra trading commissions, as it shows the whole commissions charged by each broker. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
HotForex minimum deposit
Excellent broker. and really promising. good and well balanced services offered, a mix of traditional pairs and addition oof crypto trading, the leverage offered has a wide range but just a heads up, stick to 200-400 or even lower if you are new to the business. good educational materials in their weekly seminars which i really enjoy. i think there are even vids on you tube.
I opened account again due to personal relation with their Manager Mr. Sohail Khan( who also resigned due to issues with hotforex) who promised me that there would be no issues and my account will directly be connected to market and there is no B Booking involved, https://forexarticles.net if some of you don’t know what B booking is, its market making, they trade against you rather than sending your trades to markets. they really are good, close to a decade and constant expansions, and very responsive both in the support dept and back office.