08068860520 support@earnforexnigeria.com
Login   l  Register
Menu
  • Home
  • Accounts Management
  • Training
  • Investment Package
  • Cashflow
  • Contact

Hot Forex

Hot-Forex review

Established:2007
Location:UK Cyprus South Africa UAE Saint Vincent and the Grenadines Seychelles
Regulation:FCA, CySEC, DFSA, FSCA, SFSA
Offices:London, Larnaca, Dubai, Johannesburg, Kingstown, Mahe, Abuja
Broker type:STP | ECN
Leverage:1:1000 (1:30 for EU clients)
Deposit:from 5 USD
Spreads:low
Platforms:Web MetaTrader 4 MetaTrader 5
Instruments:Currencies Crypto Indices Metals Energies Softs Bonds
EducationFree webinars, Zoom and financial seminars.
Funding methods:

COMPANY INFORMATION


Hot-Forex group includes 5 related companies.

HotForex UK – located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
HotForex CY – located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
HotForex UAE – located in the United Arab Emirates, regulated by the Dubai Financial Services Authority (DFSA).
HotForex SA – located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).
HotForex SVG – legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.
HotForex SEY – located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).

Be aware, UK and CY companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.


AVAILABILITY


HotForex group accepts clients from all over the world, excluding USA, Canada, Sudan, Syria and North Korea


DISTINCTIVE FEATURES

  • HotForex SVG has own pool of PAMM accounts and copy-trading service
  • Upon request, a prepaid card (HF MasterCard) may be issued for you.
  • Authorised and regulated by several credible government agencies
  • Tight spreads on major currency pairs.
  • Bitcoin funding accepted

TRADING INSTRUMENTS

Forex broker offers the following underlying assets for trading..

50+ Currency Pairs Based on major and minor world currencies.
8 Crypto Pairs Based on Bitcoin, Ethereum, Litecoin, Ripple, Dash.
11 Indice CFDs Based on baskets of different blue-chip stocks and US Dollar Index.
4 Metal Spot CFDs Based on Gold and Silver.
2 Metal Futures Based on Palladium and Platinum.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).
3 Energy Futures Based on Crude Oil (WTI, Brent) and Natural Gas.
4 Soft Futures Based on Cocoa, Coffee, Cotton and Sugar.
3 Bond Futures Based on US, UK and German government securities.
50+ Stock CFDs Based on shares of US, UK and EU companies.


COMPREHENSIVE REVIEW

HotForex is a brokerage brand under HF Markets (SV) Ltd, an offshore company based out of St. Vincent & the Grenadines. The HF Markets Group has subsidiaries
registered in a range of locations for their worldwide operations, with European operations based out Cyprus and regulated by the Cyprus Securities and
Exchange Commission (CySEC) under license number 183/12.

With a website offered in 27 languages, HotForex is the broker of choice for a truly global audience. The broker offers its services to nationals of all
countries, with the usual exception of USA, Canada, Sudan, Syria, and North Korea.

The broker has previously won several awards for its services in areas such as best forex analysis provider, best customer service, and best overall forex broker in regions like South Africa, the Middle East, China, and Western Europe.

The daily market analysis from this broker stands out as particularly good, with the additional weekly live webinars and Q&A sessions offering extra value to traders interested in hearing the perspective of the experts at HotForex.

The minimum deposit to start trading with HotForex is USD 5, or the equivalent amount in another currency. However, for a deposit of only USD 100, traders will get access to the exclusive HotForex ZERO Spread Account. This account offers traders access to very tight spreads directly from the major liquidity providers, without any mark-up added by the broker. The account is instead commission-based, with commissions starting at USD 0.04 per 1K lot.

HotForex further offers a wide range of CFD-based instruments for trading, including several cryptocurrencies, forex, precious metals, stock indices, stocks, commodities, and bonds – all with fairly tight spreads on the most popular instruments.

For traders who are lucky enough to be based outside of the EU, leverage with this broker can be very high at up to 1:1,000. EU residents, however, are
limited to a 1:30 leverage on their trading accounts.

The account types offered by Anzo include Individual, Joint, and Corporate accounts, all available in both STP (straight-through processing) and ECN (electronic communications network) versions, where only the STP account offers commission-free trading. A free 30-day demo account with USD 100,000 in virtual capital is also available for new trader who want to practice trading risk-free.

All account types come with dynamic and tight spreads, a USD 500 minimum deposit, and trading leverage of up to 1:500, which is a fairly common offering among international and offshore-based forex brokers.

In terms of trading platforms, HotForex offers two main solutions: the popular and reliable MetaTrader 4 for download or the cloud-based MetaTrader 4 Web Terminal, in addition to the same platform for iPhone, iPad, and Android. For more advanced users, the broker also has an option known as the RapidTrader API, developed by Integral, that offers direct market access using the FIX protocol.

Withdrawals are never a problem with HotForex and are carried out as you would expect from any reliable broker, with withdrawals normally processed within the same business day. There are no withdrawal fees to withdraw funds to major credit cards, but a USD 5 minimum withdrawal amount applies. A nice extra benefit offered by HotForex is the option of withdrawing funds in bitcoin via bitpay or mybitwallet.

Deposits can also be done using major credit cards like Visa and MasterCard, in addition to bitcoin (BTC) or bitcoin cash (BCH), a nice feature some cryptocurrency traders in particular might want to take advantage of.

HotForex offers local customer support phone numbers in 10 countries, including major countries like China, Russia, and South Africa. In addition, designated
phone numbers and email addresses have been set up for speakers of Arabic, Chinese, and Farsi. Although some past users of HotForex have reported
difficulties dealing with the customer support of this broker, most customers report a positive experience without any major issues.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *






Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. All investments entail risks and may result in both profits and losses. In particular, trading leveraged derivative products such as Foreign Exchange (Forex) and Contracts for Difference (CFDs) carries a high level of risk to your capital. You should seek independent professional financial advice if you do not understand the risks involved.

Earn Forex Nigeria Trading Services is Provided by - Gialab Multiservices Company. RC 2876593






More Links
  • Login
  • Register
  • Cashflow
  • Terms and Conditions
  • Conservative strategy
  • Dynamic strategy
  • Standard strategy
Recent Post
  • 5 Most Important Factors For Sound Investment
  • Dealing with Disappointment in Forex Trading
  • Trading Plan
  • Risk Management
Contact Info

Ibadan Office: 1st Floor, Old Leventis Building, Lebanon Road, , Dugbe, Ibadan.

Osogbo Office: Omega House, Behind Capital Hotel Osogbo, Osun State,

Ilorin Office: A23, Opposite Fidelity Bank, Ibrahim Taiwo Road, Ilorin, Kwara State.

+234 8068860520, +234 7067302925

support@earnforexnigeria.com

Copyright @ 2021
All rights reserved