HotForex what you should know
HotForex offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
With HotForex you will need a minimum deposit of $5. You can sign up for a demo account to acquaint yourself with HotForex platform.
HotForex are able to accommodate various levels of traders whether you are experienced or a beginner.
Are HotForex safe?
When choosing a broker like HotForex the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.
Established in 2008, and in operation for 11 years HotForex have a head office in UK.
HotForex is regulated. This means HotForex are supervised by and is checked for conduct by the Financial Conduct Authority regulatory bodies.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to HotForex, this will be honored. If HotForex violate any regulatory rules their regulated status could be stripped.
Any payments funded to HotForex accounts by traders are held in a segregated bank account.
For added security HotForex use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.
Try creating two accounts when you are working with HotForex. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.
Open a demo account Visit HotForex
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
HotForex General Fees
- HotForex withdrawal fees varies on payment method
- HotForex does charge inactivity fees
- HotForex does charge deposit fees
HotForex Commissions
- HotForex does charge commission on CFD shares.
What can you trade with HotForex?
You can trade a wide variety of instruments with HotForex over 137 instruments infact.
If you are looking at trading currency pairs HotForex offer over currency pairs.
Compare HotForex with XTB and Plus500 below.
| FX / Currencies | hotforex | XTB | Plus500 |
|---|---|---|---|
| Forex pairs offered | 50 | 100 | |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | No | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies | No | Yes | Yes |
| Commodity CFDs | HotForex | XTB | Plus500 |
|---|---|---|---|
| Commodities offered | 0 | 21 | 17 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Indiced & Stock CFDs | HotForex | XTB | Plus500 |
|---|---|---|---|
| Stocks offered | 1696 | 1816 | |
| UK Shares | Yes | Yes | Yes |
| US Shares | No | Yes | Yes |
| German Shares | No | Yes | Yes |
| Japanese Shares | No | Yes | Yes |
|
hotforex Instruments |
XTB Instruments |
Plus500 Instruments |
Trading on HotForex web platforms and other applications
HotForex offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.
An HotForex IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device
HotForex also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.
See hotforex's platformsHotForex Trading benefits :
- Offers STP
- Low min deposit
HotForex Trading Accounts Offered :
- Demo account
- Standard account
- ECN account
- Islamic account
Can I try HotForex before I buy?
HotForex offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade
What funding and withdrawl methods do HotForex accept?
HotForex offer the below funding payment methods. learn more about HotForex
- UnionPay
How can I start trading with HotForex?
When opening a trading account with HotForex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on HotForex trading platforms here.
Performing trades with HotForex
HotForex allow you to execute a minimum of trade of varies. This may vary depending on the account you open. HotForex allow you to execute a maxium trade of varies. As HotForex offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.
Education resources at HotForex
To trade effectively with HotForex, it's important to get a have a good understanding of the XTB trading tools and the markets.
HotForex offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.
Having an analytical approach may be a good way to approach trading with HotForex.
Take time to look around the HotForex platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.
Support at HotForex
HotForex support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
What you will need to open an account with HotForex
As HotForex is regulated by Financial Conduct Authority, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore HotForex's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with HotForex you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.hotforex.com on 12th August 2018.
HotForex not quite right?
Check out these HotForex Alternatives
We have spent years researching the best alternatives to HotForex. Click the links below to learn more.
If you feel some of the above HotForex are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of HotForex alternatives below.
- XTB Review
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Related HotForex Comparisons
If you would like to see how HotForex stands up against other brokers you can read some of our HotForex comparisons below. We compare side by side some of our top rated HotForex versus comparisons. Read some indepth HotForex VS pages below.
HOTFOREX Frequently Asked Questions
Can I try HotForex before I buy?
HotForex offer a demo account so you can try before you put down and payment. Learn more here
What funding methods do HotForex accept?
HotForex offer the following funding payment methods among other payment methods.
Learn more here
How can I start trading with HotForex?
When opening a trading account with HotForex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on HotForex trading platforms here.
Is my money safe with HotForex?
HotForex is regulated by Financial Conduct Authority. One of the most important criteria for traders when choosing a broker like HotForex is the regulatory body and regulatory status of the broker.
Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to HotForex, this will be honored.
If they violate any regulatory rules their regulated status can be stripped.