The progressive and dynamic management team has many years of active trading experience across a number of platforms and markets.
Through their own personal and corporate experiences they recognized that the traditional web based forex brokers would be placed under increased pressure due to their delays in trade executions, frequent system failures and ultimately poor customer service. This is what HotForex aims to rectify through high end technology products, low cost commissions and unrivalled customer service.
HotForex positioned itself as the forex broker of choice for traders worldwide, 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. However and unless you trading through swap-free accounts designed to traders following Sharia rules, as these accounts restricted from any interest rates or swaps. Despite this, there are no deposit fees or some of the withdrawals are free as well, which we will see in our HotForex review further.
Hot Forex Forex Broker Information
Another important point is how to transfer money into your trading account, which is quite nicely organized at HotForex too. Besides broker issue its very own HotForex MasterCard for a straight transaction and the ability to make safe online payments. To simplify the funding of accounts, HotForex offers over 14 methods to deposit or withdraw money. Those methods include. So in order to deposit money on HotForex you simply need to select the payment provider of your preference, as well as the one that is available at your region and proceed with the payment. Along with that great options that allowing you to choose the most convenient option, there is a specified minimum deposit amount that is determined by the payment method you choose.
As for the withdrawals once you decided to submit a request HotForex applies a simplified and pleasant policy to this process as well. However, Wire Transfer may involve some correspondent fees according to your bank and international policies.
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In order to proceed with the Withdrawal, you should access your myHF area and submit a Fund Withdrawal request. Various payment methods will process withdraw money I slightly different time. HotForex accounting team confirms transactions quite quickly, within business days of course, yet the matter might take longer due to payment providers. Alike Wire transfer will take working days, also depending on your bank and international policy processing, while ewallets will load the request Instant.
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So talking about trading software, HotForex provides an award-winning MT4 Platform and its newer version MetaTrader 5 as its trading software. It is not a surprise choice, as platforms enable one-click trading along with numerous tools and access to institutional quality technology through advanced configuration. So whether you are a very beginner or an advanced trading veteran software is suitable for both. What is also great with MetaTrader is its computability with various devices. MT4 and MT5 terminals available in various versions that suit your personal needs and allows efficient trading through the Desktop Platform, WebTerminal which is compatible with any browser.
Or by the use of MT4 MultiTerminal with access to manage multiple accounts simultaneously. So its full range of over 12 platforms, due to range of versions, powered with fast execution, fully applicable with provided tools and available to trade all the offered instruments. MT4 and MT5 mobile trading are known for its advanced capabilities and interactive charts with almost the same productivity as its full versions.
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Besides, there are over 30 technical indicators and 24 analytical objects, so mobile capabilities are truly great. Yes, HotForex allows scalping and places no restrictions on the strategies, however various entities and regulations may apply some conditions so you better always check terms and conditions before start.
Particularly about scalping, there is no restriction and HotForex range of accounts alike with Zero spread may assist you even better to trade this strategy. Moreover, there is a possibility to copy trade or become a professional master to be copied through an advanced PAMM technology designed by HotForex.
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PAMM program is indeed an amazing opportunity to invest at the beginning, or maybe for the long term without having to trade the markets yourself by simple follow of the Fund Manager from the ranking list. Also while placing an order you should manage your risks smartly while tools like Limit Order and the stop loss orders will assist you.
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Another important point while choosing the broker and within our HotForex Review is customer service. Eventually, the broker provides support in 27 languages that is an impressive number which covers world trading need and allowing traders from almost any country to join trading and get quality support. As we check the traders reviews and satisfaction statistics HotForex provides a good level of customer support along with support materials. Education is another strong point of HotForex since the broker concentrates and putting efforts on Africa and Asia regions so its allows you to improve Forex experience and results.
Also, understanding that good research is the most valuable in trading as well, HotForex provides a range of analytical and research tools.
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Overall, the HotForex review presents a global brokerage company with a well-established customer oriented operation that provides a secure, as well regulated trading environment suitable for almost every demand. So either you wish to join copy traders or to use EAs, perform scalping or become a partner etc. An alternative broker you may check is FXTM which also offers great trading conditions like low spread, high leverage and ECN execution. Nevertheless, it is always good to know your personal opinion about HotForex so you may share your thoughts in the comment area below.
Only a few days after receiving a new FCA license and a few weeks after opening its Dubai office HotForex is rebranding. Retail online forex broker has announced it will rebrand its European entity as HF Markets by the end of January, The group of companies in the HF Markets Group have been using Hello, I have a premium account live with hot forex.
If yes, I would need a guide on how to create an Islamic trading account and migrate to it from my premium account. I can confirm that this broker has great earning potential if you know how to trade forex. I am trading with hotforex. Its been one year now since I am with this broker.
Execution is easy and smooth. They also send weekly emails regarding webinars which are helpful in learning new strategies. Compatibility iPhone Requires iOS Mac Requires macOS Languages English. Price Free. App Support Privacy Policy. Family Sharing Up to six family members will be able to use this app with Family Sharing enabled. IC Markets cTrader.
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