This forex broker offers great forex bonus and user and trading platform. You can read more and watch forex videos about Hotforex in hotforex review.
Pros and Cons
• Spread ratio is extremely low, even compared to micro account.
• Flexible and faster withdrawal.
• Execution is very fast.
• Low spread account is available.
• Regulated platform.
• The platform accepts citizens from the US.
• Depth of market figures is not provided.
Hotforex videos :
Main informations about Hotforex :
Hotforex PAMM system where other traders forex experts trade instead you :
Summary of Key Features:
1. Spread: Perhaps it is the best feature of HotForex platform. They provide a very low spread. The spread usually is 0.3 pips.
2. Leverage: Although it depends upon the type of account, the maximum leverage is, however, up to 500:1. This ratio is relatively higher than many other platforms.
3. Commissions: Again, the broker is compensated between the differences of bid price and ask price. So, when you wish to open a Currenx account, you will be asked to pay a commission of $5 on a transaction of $100,000.
4. Minimum Deposit: Although it depends upon which account, you want to choose, the minimum deposit for a micro account is $5 and for Islamic account, it is $25.
5. Trading Platform: HotForex uses MetaTrader 4 which is a very popular trading tool. It provides convenient trading environment. Mobile version of HotForex is also available.
6. Official broker: One of the biggest signs of scams is that a broker won’t be regulated from a reputable monitoring company. HotForex is a reputable company, and it is Regulated by the Financial Services Commission (FSC)
7. Citizenship: There is absolutely no restriction of citizenship like other platforms.
8. Execution Type: Execution is very instant.
There are so many forex brokers out there. But, there are hardly many that offers secure, reliable, and competitive trading environment. Either you trade on automatic basis or manual trading; HotForex should be on the top of the list.