Is hot forex a good broker

Is hot forex a good broker

HotForex review and ratings,HotForex – A quick look

AdVocê é um comerciante iniciante? Use nosso bônus para aprender sem risco. Você é um comerciante experiente? Use nosso bônus para testar suas estratégias This is a very comprehensive offering and is led by Hot Forex. HotForex is also a great brokerage due to the top-quality educational materials it provides: over 20 video tutorials; over 30 AdOpen A Live Account In Less Than 3 Minutes. Exceptional Customer Support In 27 + Languages ... read more

and for Address proof you can upload your Utility bill like telephone bill or electricity bill. After you have submitted your documents, HotForex will normally verify your account in business hours and revert to you on your email with account verified message.

Hotforex allows trading under 7 asset classes the same as most other brokers. But their currency offerings are lesser than other South African regulated brokers. Moreover, execution desk is available for all open orders, which means the clients can close or manage all their open positions over the phone. It is not available for Market orders or to open new positions.

But the spreads are competitive for all the pairs they offer. You can have access to trade on 7 Major pairs and other Minor, Exotic currency pairs. They have advantages like low margin requirements, low transaction fee etc. but have a downside in high spreads where profits become less in case of low volatility.

As many as 56 share contracts of reputed companies can be traded on HotForex by the time of this writing. CFDs on Energies: Energy Contracts are on offer on HotForex for both Spot and Futures markets.

Energies on offer in Futures market include UK Brent Oil, US Crude Oil and US Natural Gas. You may trade UK Brent Oil and US Crude Oil on Spot markets on HotForex. CFDs on Commodities: Commodities are sensitive to political and economic events, which makes them attractive to traders. HotForex gives access to trade on popular commodity markets. You can trade Palladium contracts on Spot markets and variety of commodities like Coffee, Cocoa, Copper, Cotton, Sugar and Soybean Oil contracts on Futures markets on HotForex.

CFDs on Bonds: Bond contracts like Euro bond, UK Gilt, US year Treasury note are also available to trade on HotForex. HotForex MetaTrader platforms HotForex has trading platforms for all kinds of trading needs, whether it be Desktop or on-the-go using mobile. They offer MetaTrader4 MT4 and Meta Trader5 MT5 trading terminals which are as good a platform as any other maybe the best.

Their platform is perfect for forex and futures trading, and is developed by MetaQuotes Software Company. Local bank transfer is the easiest option available. Online Bank Transfer: HotForex offers deposit via Online Bank transfers in South Africa. The minimum amount is 5 USD, and the funds are reflected in your HF account within a few minutes. Bank Transfer: SA traders can withdraw funds via Online transfer in bank account. The withdrawal time is up to 48 hours, but there is no extra fees with this method.

The bonus can be withdrawn, provided certain trading volume conditions are met as specified in their terms. Overall the bonus at Hotforex is good. We advise to contact their support at [email protected] if you have any questions regarding their bonus. HotForex customer support staff is very helpful and can be contacted easily via Live Chat Support, Email or by calling at their local South African phone number. You can contact them any time i. e 24 hours in a day with the Hotforex Customer Support.

Helpful Live Chat Support Recommended method for contact : Live Chat Support is available on their website which is very quick responsive. We did not experience about a minute of hold time to connect with Live Chat Support at Hotforex SA during our tests.

The chat is available to visitors as well, but they normally ask for Country of Residence before answering the questions. We found the responses to be quite helpful. Fair Email Support: You can send a mail to Hotforex at [email protected] to contact them regarding any query or issue. There are also different emails for various departments, all of which are mentioned in the Contact Us page of HotForex. Normally they reply back within 12 hours via email.

Hotforex South Africa Contact Form: You can also submit your request to HotForex. za by filling the contact us form on their website. It is similar to email and their response time is also same. You can also submit a call back request to their chat or email.

Social Media: You can also drop a message to them at their different social accounts like Facebook, Instagram, Twitter, LinkedIn , etc. Their support is quite good compared to many other CFD brokers in SA, plus they also have local phone support available. On the plus side, HotForex is regulated by Top-Tier regulators FSCA in South Africa, FCA in UK, CySEC in Cyprus, DFSA , so it is safe to trade with them.

Moreover, HotForex is offers one of the lowest spread with their trading accounts out of all the brokers that we have tested so far. Their fees is low to moderate, depending on the account type.

Their support is also very reliable as per our tests. They also have a local phone number for support in South Africa. But, the support is not available during the weekends. Also, the number of trading instruments could be higher.

To sum up, HotForex offers an end-to-end solution from on-boarding, to execution and settlement of payments. The exact minimum deposit depends on the account type that you choose. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations.

Past performance does not predict future results. The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices.

Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.

Brokers Advanced Search. Get to know the regulation, account types, trading cost, services, and updates of forex brokers. By Countries. Best Forex Brokers in Spanish Speaking Area. Best Forex Brokers in Vietnam. Best Forex Brokers in Thailand. Best Forex Brokers in South Africa. Best FCA regulated Brokers.

Best ASIC regulated Brokers. Best Skrill Brokers. Best Precious Metal Trading Brokers. Best Indices Trading Brokers. Best currency pairs trading Brokers. Best Commodity Brokers. By Ratings. Japan FSA. Estonia FSA. Labuan FSA. Bahamas SCB. Mauritius FSC. Belize FSC. Danish FSA. Complaints Resolution. It almost has every desired assets including bitcoin which is pretty daunting and highly volatile too.

I bet it will replace other fiat pairs if traders got the psyche of this digital asset. The spreads are average on this but it moves too fast that spreads, commissions etc can be easily covered in the profits even if you scalp. Trade execution is good so far. There is no problem with my withdrawal as well.

They are always on time both execution and withdraws. Trading for about one year and this broker is pretty genuine. You can find many account options and trading-supported services as VPS. Fast payout in 24 hours for e-wallets as Skrill, Teller, WebMoney. Highly recommended! A very good broker, they tend to be a bit strict with documents upon registration which I think is reassuring, after verification it was smooth sailing, pretty much straight forward, good execution time and platform stability, I like the reaction time, spreads are manageable over all, and they are tight mostly on majors.

Trade execution is good at Hotforex trading MT4 and withdrawals are easily processed. This broker's premium account provide tight spread on majors and fast payment within 24 hours to Skrill.

Reliable broker! Exceptional broker, nothing to complaint about, good connection and fast execution, decent spread and pretty manageable.

Fast withdrawals, almost guaranteed the next working day. Six months of total experience with this broker. Overall server execution is fine. Low spreads on major pairs while average on the rest. Btc pair has also average spreads however the leverage is good for profit making.

Profit payment withdrawal takes up to 24 hours with no extra verification calls for delay. They are good broker for small account holders like me. I recommend trading with this broker.

I have been trading with Hotforex broker for over two yeas. Pretty decent and reliable broker, multiple assets and services, superior services compared with many brokers I've tried. They have good customer support. if you have a problem, they solve it within short time. Deposit and Withdrawal process is fast. HFCopy is very good copy trading platform. Has many strategy providers and ability copy different signal providers.

Established Location UK Cyprus UAE South Africa Saint Vincent and the Grenadines Seychelles. Regulation FCA, CySEC, DFSA, FSCA, SFSA. Offices London, Larnaca, Dubai, Johannesburg, Kingstown, Mahe. Broker type STP ECN. Leverage up to for EU clients. Deposit from 5 USD. Spreads low. Platforms Web MetaTrader 4 MetaTrader 5 FIX API protocol. Instruments Currencies Crypto Indices Metals Energies Softs Bonds.

Funding methods. Type 'Premium' demo no commission. Login Password hd7! Server HFMarketsSV-Demo Server amsterdam1.

HotForex is one of the leading Forex brokers that has made huge steps towards reliability and expanded in many different ways. It was founded in , and still makes the frontier when we talk about trustworthy financial brokers.

HotForex is regulated by the authorities of St. Vincent and the Grenadines, as an international business. At the same time, it is licensed by FCA, DFSA, FSCA, and FSA. The regulatory agencies are very reputable, making HotForex a broker that any trader can rely on. The variety of tools offered by HotForex is another of its many advantages.

The broker is also known for its numerous bonuses and promotions. HotForex is a winner of more than 50 awards on the regional and international levels.

The awards are issued by eligible and well-recognized bodies from around the world. HotForex is registered as HF Markets SV Ltd, which is regulated by St. Vincent and the Grenadines, with a disclosed registration and license number.

Saint Vincent and the Grenadines have been growing recently as a hotspot for Forex brokers and those engaged in international transactions, due to the suitable fees and measures of control provided by the law. Besides that, HotForex regulations in different financial markets are marked by recognized licenses such as FCA, DFSA, FSCA, and FSA. This allows the broker to conduct international finances and investing transactions in different countries.

The FCA is one of the highest forms of certification which makes HotForex legit and registered in the United Kingdom. To be registered with the above licenses means the broker is following very high safety standards, and any attempt of illicit activity can get the broker off the license.

The registration process is simple and straightforward. Once you get your registration, you can start with any of the 6 account types. The accounts differ in terms of the minimum deposit required, maximum leverage, spreads, and maximum order allowed.

The HotForex account types are shaped to fit beginner and experienced traders alike. Most of the accounts trade using 4 currencies, which are USD, EUR, JPY, and NGN.

On the other hand, Auto Account deals with EUR and USD only, while the HF Copy Account deals only with USD. Ideally, we can talk about the Premium Account as a good solution for both beginner and experienced traders. The different accounts have different leverages and different spread ranges. The website offers a great tool for visitors of the website. For example, you can compare the accounts, you can choose to compare up to 4 accounts, and scroll down to see a listed comparison, which can help greatly to make your decision.

In addition to that, HotForex incorporates the Islamic Account. This account is those who follow the beliefs of the Quran, according to which, it is not allowed to pay or receive interest. The Islamic Account is also known as Swap Free account. The Islamic account allows the traders to enter any financial market offered for any other account, using EUR and USD, which does not give the trader any accumulated gains in respect to the religious laws.

HotForex offers traders the chance to open positions in every financial market, with the exception of the cryptocurrency market. There are more than instruments that can be used to trade. HotForex attracts a lot of traders. The HotForex leverage differs among the different tradable assets, such Forex, metals, energies, stocks, indices, bonds, commodities, DMA stocks, and ETFs.

There are 53 currency pairs that can be used to trade at HotForex. The broker offers leverage of and variable spread ranges that differ according to the traded currencies. HotForex offers the most popular oils in the energy market, these are UK Brent Oil and US Crude Oil.

The leverage for energy trading is and respectively. There also are low spreads of 0. Noting that contract expiration dates for each of these two oils are also clearly stated in this section, for the trader to be informed beforehand.

Gold and silver are on top of the 6 metals that can be traded, with maximum leverage of for silver, and leverage for gold. Metals are very popular trading assets in the market and the spreads for these instruments at HotForex are very low.

HotForex helps its clients to trade in stocks of more than 50 of the most popular corporations, using the maximum leverage of The spreads for stocks are floating. An index is the collection of companies that are traded in the same industry or are top corporations in a specific location. HotForex has more than 20 indices for traders to use, with maximum leverage of Not all brokers offer bonds for trading, however, HotForex offers Euro Bund, UK Gilt, and US year Treasury bonds.

With a leverage of , HoForex is a great place for Bonds trading. The main commodities are copper, coffee, sugar, US Cocoa and US Cotton no2 are available for traders in HotForex. They come with very generous leverage and floating spreads that differ between commodities. It is not common for Forex brokers to offer such access, but hot Forex engages its clients in direct market access.

HotForex enables its traders to use the most common trading platforms, which are the MetaTrader 4 and MetaTrader 5. This can be a great indicator that HotForex is a good broker because of MT4 and MT5 only partner with reliable brokers.

Traders can use the WebTrader of MetaTrader 4 and 5 which does not require installation, and traders can directly login and start trading via browser. In addition, there is the downloadable version of MT4 and MT5, which can be installed on the desktop regardless of its operating system, Windows, Mac, or Linux.

MT4 and MT5 are compatible with any other device. The broker also offers a mobile version of the trading platforms, which means that you can trade Forex with HotForex from anywhere you are. There are clear instructions on how to install and uninstall the Metatrader for different operating systems, which is great for beginner traders. Besides that, traders can use the demo trading account, which is a great tool used by beginners, as well as experienced traders. Newcomers in the market can take advantage of the demo trading account in order to learn more about the market and grow as traders.

The account can be very beneficial for beginners as it gives them the opportunity to trade with virtual funds, with zero risks. On the other hand, experienced traders test out new trading strategies and observe the outcomes before taking them to the real trading platform. This is a great tool to minimize risks associated with unknown results of new strategies. The demo accounts can be selected by the trader at any time, and they replicate the actual market conditions perfectly.

HotForex application is a great tool to keep the traders up to date and to make the platform accessible for all users, the mobile application is on iOS and Android, and it has all the features that are available on the desktop version.

It is faster to check market news, deposit money, and withdraw using the application. Also, mobile applications can help you understand the learning material in a more convenient way. In addition to that, HotForex incorporates the use of MT4 and MT5 that are compatible with any mobile device using Android and iOS, making it easier for clients to trade on the go.

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. There are 3 main bonus options that are offered for HotForex traders. They are intended to keep the traders engaged if they make money, and to give them another chance even if their position is at loss.

This bonus is applicable for the Premium and the Islamic accounts only. The minimum deposit to qualify for this bonus is according to the following currencies: USD — 75, NGN — 25, JPY. Any trading account is eligible for this bonus, which is intended to help the traders if their trading is going opposite to their expectations. It only requires a minimum of 50 USD or 40 EUR. However, this bonus is only applicable for Micro, Platinum, and Islamic accounts. The big corporations and partnership campaigns are what is HotForex proud about, as they spread to cover different entities to carry the brand of HotForex.

HotForex reviews are accompanied by the successful sponsorship of the French football club, Paris Saint-German. This makes HotForex a highly reliable broker because a top-tier football team would only partner with legit brokers.

Besides that, famous figures such as the ex-footballer Michael Ballack and the Hollywood actor Sean Bean become the faces of the company. This reflects nothing but a reliable image of this broker. Moreover, in the car racing competitions, HotForex is a proud sponsor for the racer Tio Ellinas, the winner of Formula Renault 3. The comprehensive affiliate and referral programs are found when we check a hot Forex review. Under this program, any legal or personal entity can be a partner in success with HotForex.

Affiliates are provided with special links, and they offer the tools for the affiliates to track the volume of the subscriptions coming from this link. As well as referral programs where you can introduce a new client to the broker, and earn a considerable amount of money. HotForex really cares about the experience that their clients have. 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. 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. Other educational materials are webinars, how-to videos, and tutorial videos, which are very useful for new traders to get some theoretical knowledge before practicing real trading. There is definitely no lack of communication channels in HotForex, the support team email address, as well as different telephone numbers that differ per region, makes it easier for a trader to reach anyone in HotForex.

In addition to the English language, the support team is operative in Arabic, Spanish, Chinese and Korean language. The main reason behind this is to make sure both the broker and the trader have common ground and can understand each other.

Yes, HotForex is a regulated broker by the authorities of St. Vincent and the Grenadines, as well FCA, FSCA, CySEC, and DFSA, which are the most recognized certifications for conducting International transactions.

No, HotForex is not licensed to conduct trading activities in USA or Canada, However, FCA that is authorized from the UK, CySEC from Cyprus, and FSCA certificate that is issued from South Africa are top-tier licenses that HotForex holds.

HotForex Review 2022,Is HotForex a good broker? Here is what its clients has to say

AdOpen A Live Account In Less Than 3 Minutes. Exceptional Customer Support In 27 + Languages AdVocê é um comerciante iniciante? Use nosso bônus para aprender sem risco. Você é um comerciante experiente? Use nosso bônus para testar suas estratégias This is a very comprehensive offering and is led by Hot Forex. HotForex is also a great brokerage due to the top-quality educational materials it provides: over 20 video tutorials; over 30 ... read more

A nice extra benefit offered by HotForex is the option of withdrawing funds in bitcoin via bitpay or mybitwallet. Yes, HotForex does offer ZAR account currency option with account their trading accounts for traders in South Africa. However, stuff like a deposit bonus would be great as it can reduce my trading costs and allows me to try out strategies in a real market. More information about HotForex can be obtained on their official website which is supported in 27 languages. Armanda Gilliam Jan 19 Account Number: xxx This review is half reliable. There are more than instruments that can be used to trade.

Besides that, traders can use the demo trading account, which is a great tool used by beginners, as well as experienced traders. The company is also reported for hosting too many bonuses. Note : Do not forget to attach supporting documents, such as screenshots, email communications, account history, etc. As for VIP account, is hot forex a good broker, HotForex specifically provides it with the following instruments and leverage:. The only difference I see is that Micro Account comes with leverages, while the premium account has a maximum of leverages. I joined them twice :. The broker makes use of the Meta Trader 4 trading platform supplied by MetaQuotes.