There are many different features and tools available to you as part of this platform which helps to enhance the ability of the trader. 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. 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.
HF Markets group’ssuccess story since 2010
You can ask expert presenters questions, and you’ll receive the answers you need immediately. Trade shares from some of the most well-known blue-chip companies on the market. From Google to Coca Cola, you’ll be able to enjoy strong liquidity, reliable execution, tight spreads, and fixed commissions of just 0.1%. In this review, you can find all the information you need to decide whether is the right broker for you.
Educational PDFs and Academy
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. These include some of the most popular indices like the EU STOXX 50, US Dollar Index, and US Wall Street. To start trading on the MT4 platform you need to have an MT4 trading account with HFM. Yes, based on your detected country of UA, you can open an account with this broker. HFM caters to most traders from its headquarters in Saint Vincent and the Grenadines, but it has offices in each country where it maintains a regulatory license.
Other CFD fees
This HotForex UK review appreciates that the broker offers trading via both MetaTrader 4 and MetaTrader 5. There is a full range of platforms, including for desktops, laptops, smartphones, and tablets. Broker additionally offers three bonds as CFDs, including EUBUND.F, UK Gilt, and US 10-year Treasury Note. The margin requirement for each is 2 per cent and typical spreads are 0.05, 0.05, and 0.08 respectively.
- 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.
- Paired with licenses from trusted institutions, this gives you a safe and stable trading experience.
- All spreads are variable too, which means you can benefit from even cheaper trading during periods of high liquidity.
- I recommend a demo account balance similar to the planned live account real money deposit.
Where is HFM located?
HotForex also provides you with demo accounts to practice, and they offer Sharia-compliant Islamic accounts too. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
HotForex MetaTrader 4
The typical spreads vary by asset, with UK Brent Oil and US Crude Oil at 0.05 each. 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. Our HotForex review team found that this online broker is serious about helping new and veteran traders alike, as they offer an extensive range of educational materials. Features include a full-time online course, webinars, and educational events suited to all levels of trader. If you’re looking for more indicators, HotForex also provides Autochartist tools to all traders, free of charge.
There are more than a dozen languages catered for through the customer support team and the support is available five days per week. They also have a comprehensive FAQ section in which you will very likely find answers to your questions. Depositing via bank transfer will take between 2 and 7 working days whereas the other options will have their deposits processed almost instantly. In terms of withdrawals, they will start to be processed within 24 hours after the request has been submitted. There are many different deposit and withdrawal options available for users of the HotForex platform. MasterCard and Visa cards are of course catered for in addition to the likes of Skrill, American Express, Neteller, mybitwallet, WebMoney and bank transfers.
HotForex is a reputable forex and CFD online trading brokerage that offers their services across the globe. The company was established in 2010 and has since built https://forexbroker-listing.com/ up a large following and customer base. HotForex is owned and operated by HF Markets Ltd. with their headquarters located in St. Vincent & the Grenadines.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. The only application form typically takes less than 20 seconds to complete, asking for country of residence, e-mail, and the desired password, which grants access to the myHF back office. HFM does not ask unnecessary questions, hotforex broker the process is hassle-free, and the back-office user friendly. They are a statement of the ongoing efforts by HFM to maintain a competitive edge for its clients. I also recommend traders seek in-depth third-party education covering trading psychology and avoid paid-for courses. Asktraders is a free website that is supported by our advertising partners.
With such wide ranging regulatory bodies approving of HotForex, you can sleep well at night knowing your funds will be kept safe. Leverage is going to change depending on the type of account and the type of instrument you are looking to trade. 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.
In this review of HotForex, we explore a broker that has been operating since 2010, spans 180+ countries, and offers both STP and ECN trading platforms. As a hybrid broker, HotForex can offer full transparency and lower spreads. Paired with licenses from trusted institutions, this gives you a safe and stable trading experience. At HotForex, you’ll also find a wide range of tradable assets making them a great option if you’re looking to diversify or safeguard your portfolio. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
Pro account is developed to suit the needs of a more experienced trader who wants to level up their trading. Alpari Comoros does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Iran, Syria, Sudan and Cuba. With fully segregated client funds, backed by top-tier banks and award-winning service.
In addition to their regulatory accomplishments, HotForex has received numerous awards across Europe, Asia, Africa, and the Middle East. HotForex charges low commissions to clients who open Zero Spread or PAMM accounts. Other account types are not subject to these commissions but do have higher spreads.
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 2010, and still makes the frontier when we talk about trustworthy financial brokers. Help our agents identify you so they can offer more personalized support. Leverage Leverage may be adjusted in case the equity in the account is over $300,000. The myHF back office handles all withdrawal requests in a straightforward and timely manner.
This shows they are committed to operating responsibly and limiting your risk. You’ll also find that you are always covered by negative balance protection, no matter your account type or the market conditions. Like a lot of forex brokers, HotForex utilises MetaTrader as their trading platform. This is ideal for those traders who are well used to using this trading platform and it is quite easy to pick up for those who don’t have any experience using it. The broker also offers a mobile version of the trading platforms, which means that you can trade Forex with HotForex from anywhere you are. At HotForex, you can trade commodities as both spot and futures contracts.