Leverage is set to a maximum of 1: HotForex offers primarily variable tight spreads, but they also offer a specialized fixed spread account for scalpers and automated traders that equates to Interbank spread prices. Leverage also varies by account classification.
Max leverage is 1: You will not encounter access problems with HotForex. If you prefer MT4 software, then downloads are available, but if your operating system balks or you prefer a web-based solution or mobile app, then look no further.
HotForex has custom made a number of software solutions, all state-of-the-art, and each will make your trading experience an enjoyable one from the get go. Mobile access is a snap, any time of day and via any Internet-capable device, whether a phone, a tablet, or a laptop. The latest in bit SSL technology also encrypts all personal and trading session data for security purposes.
HotForex accepts all major credit and debit cards, bank wire transfers, and additional services like Skrill, Neteller, FasaPay, Sofort, mybitwallet, iDeal and Webmoney As with all global brokers, you will need to submit legally mandated identity information before any withdrawal request can be approved and processed. The website can actually be read in 27 languages. HotForex has gone over the top to give its customers what they truly want.
If you want it, you will find it here: You will be hard pressed to find another broker that tries this hard to win you over, and, judging by its awards and favorable testimonials, the trading public agrees that HotForex is definitely top tier. Trade forex pairs, metals, energies or CFDs for stocks, commodities, and indices with over asset choices in 20 markets;. Your capital is at risk. Try Broker Your capital is at risk. Broker Information Company Name: See what our users say about HotForex.
HotForex is also extremely popular among Introducing Brokers and affiliates, and it is indeed seen as a positive approach by the company to promote its brand among lesser known markets. HotForex regulation is also one of the hot topics of discussion among traders, as HotForex is one of the few brokers that have multiple regulatory statuses throughout the world.
HotForex is regulated by the St. It is interesting to note that the broker has based its corporate offices in some of the highly popular tax havens in the world, which can be a bit of an issue with traders from countries such as the US and Australia.
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. However, when it comes to choosing an account, HotForex provides nine different types of accounts, which is a lot for the average trader. In our opinion, the leverage is too high for a Forex trader, but larger accounts have comparatively rational leverage to the tune of 1: The different types of trading accounts are as follows:.
The Auto and HF Social accounts are social trading accounts that allow investors to copy trades from other successful traders. On a positive note, HotForex offers an account for every type of trader, which is one of the reasons why HotForex continues to be a popular FX broker among modern traders. The HotForex spreads are also highly competitive, and the spreads starting from 1 pip for the standard accounts are acceptable.
All accounts have access to the full range of trading instruments, and can be traded using the MT4 as the standard HotForex trading platform.