HotForex has Become One of the Big Fish in the Forex Market
Whether you’re new to the world of Forex, or a seasoned trader, it pays to keep on top of the latest reviews. Which is one of the reasons you’ll find plenty of reviews on the web. Here at topratedforexbrokers.com, it is our aim to keep interested parties up to date with the latest information. Forex is an ever changing world, and in order for it to be exciting and hopefully profitable, traders have to keep their fingers on the pulse and stay abreast of the latest news. This HotForex review is honest and full of the latest information, and will help you pick the best Forex broker for your needs.
HotForex is actually the brand name of HF Markets (Europe) Ltd, which is a Cypriot Investment Firm, regulated by CySEC (Cyprus Securities and Exchange Commission). It is also governed by the Markets of Financial Instruments Directive of the EU.
What is HotForex?
HotForex is an award winning Forex and commodities broker. For retail and institutional clients, it provides trading services and facilities. Various account types are offered, along with trading software and tools to assist customers who want to trade Forex and CFDs online. State of the art automated trading platforms are used, giving clients the opportunity to view interband spreads and liquidity.
HotForex is able to offer all the tools and services needed to make a trader’s life easier and to aid in the realization of their trading ambitions. Since the brand first entered the world of Forex trading, it has been scooping awards left, right and center. Here are just a few of them:
- Best Forex News and Analysis Provider 2016 – Mena Dubai FX Show
- Best FX Online Broker 2015 – New Europe Magazine
- Best Customer Service 2015 – European CEO Awards
- Best Forex Broker in China 2013 – CIOT Expo
- Best Online Broker Asia 2013 – World Finance Magazine
- Top 100 Companies – World Finance Magazine
There are a number of valid reasons to choose HotForex as your Forex broker, and the most significant ones are that there is a good opportunity to trade in smaller volumes, which is great if you’re a beginner, or your Forex trading budget is limited. Customer support is excellent, and there are a number of interesting HotForex bonuses available. Spreads are low and deposit limits are minimal.
Different types of account with top-rated HotForex
With HotForex there are more than just a couple of account options, which means that most traders will be able to find one that suits their needs.
For new customers the best option is to open a Micro account. The minimum deposit is just $50, and the maximum leverage is 1:1000. Spreads are variable and start at 1 pip.
Forex trader’s with a little more experience under their belt will be better off looking at Premium and VIP accounts. These are an excellent option for traders who prefer to open larger positions on tighter spreads. There is also a Currenex account that has spreads from 0.2 pips. All three of these accounts require a minimum deposit of $500.
For traders who prefer to trade with a fixed spread there is a Fixed account. This type of account has low fixed spreads, maximum leverage of 1:400, and a minimum deposit of $500.
Social trading has become a very popular option, and with HotForex, traders can connect with more than quarter of a million other traders, following and copying their successful trades. The trading platform that is used is the very popular FxStat.
HotForex offers a variety of trading platforms
With HotForex there are a number of different options, depending on the way you prefer to trade. There is the ever popular MT4 trading platform, available for downloading directly onto a trader’s desktop. This platform is also available in smartphone, PDA, and iPhone versions. In fact, if you prefer to trade while travelling to work, or while sitting in the garden HotForex is very mobile friendly.
The features that make HotForex so attractive
Many of the most popular broker websites offer an education program that is second to none. While HotForex may not concentrate all their efforts on trader education, there is still a more than ample education center, which includes a number of well known trading tools. We didn’t have the time to look at all of them, but we found some of the most notable ones to be the Risk and Reward Calculator, the Pip Value Calculator, and the HotForex App.
The benefits of using HotForex
- Trading conditions are very favorable
- Unlimited earning potential
- Top notch and very informative trading tools
- A wide range of account types to suit different traders
- Platforms that are convenient and easy to navigate
- Trading is safe and secure – Licensed and regulated by CySEC, with clients funds held in segregated accounts
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