Hot forex traders room review

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hot forex traders room review

HotForex Information. HotForex is a worldwide STP/ECN online forex broker. This is accessible from the Webtrader and the HotForex Traderâ€:tm:s Room. It is amongst our lowest ranking Cayman Islands Forex broker, with a rating of / You don't want to be trading at any site rated lower than , because. Your capital can be endangered. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all. SEND BTC TO BITSTAMP

A Scalping Feature is also available. Trading platform: Dukascopy provides access to the Swiss Forex Marketplace. Several Forex trading platforms are offered in this way. It includes the Java platform, JForex, and the Web platform. Various communication options are available. Citizenship: It also accepts US citizens along with other countries. Currency Pairs: More than 19 currency pairs are available to trade.

Execution Type: Execution of trade is very instant. Interesting facts This forex broker has more and more clients every day. One significant fact is that this forex broker offers Moneybookers, credit cards, wire transfers, and many other payment methods for forex trading. The trading bonus can use only non-European Union residents.

However, other broker promotions are usually available for all clients. Registered address at West Street Sandton, Johannesburg HF Markets Seychelles Ltd. Registered address in Victoria, Mahe, Republic of Seychelles. Registered address at Larnaca , Cyprus. Is Hotforex a regulated broker?

Hotforex broker is regulated in several jurisdictions: Financial Conduct Authority FCA regulations in the United Kingdom under firm reference number Under License number SD For the products offered by Hotforex, it provides many choices for traders, for those who like forex trading, there are many choices of currency pair trading available on the Hotforex platform, Fortrader that like shares, there are so many popular stock options including FB, Google, Tesla, and many others.

Account type Hotforex For the choice of account type, Hotforex offers four types of accounts with different conditions. Account Premium. Zero spread account. HF copy. Premium pro. Leverage Hotforex Hotforex has a leverage policy in which three types of accounts, Premium, Zero Spread, and HF Copy apply a variable leverage policy depending on the product being traded. While on Premium pro accounts, maximum leverage is for Professional Clients, and for Experienced Retail Clients.

According to the leverage policy, Hotforex categorizes leverage on retail clients, experienced retail clients, and professional clients. Hotforex broker Leverage will be different on gold and non-gold commodities, or on exotic pairs. And also other products depending on the asset. All instrument leverage can be found here. In terms of leverage offered by this broker, it seems that they are trying to use a different approach to play it safer. The maximum leverage of is still lower than some other brokers, for example, FXOpen which sets a maximum of Meanwhile on another broker like Instaforex even offer up to , it very high and dangerous leverage.

Hotforex inactivity fee If the client does not use the account for 6 months, or in other words, during that period there is no trading activity. It is an inactivity fee that is also applied to several other brokers. Usually, the inactive accounts will enter into the archive. Hotforex swap free Hotforex also provides swap-free accounts which are actually special for Islamic accounts.

It accounts for Muslim clients, who are not subject to swap fees as rollover interest when orders are active overnight. Islamic account Hotforex is only available for Premium and Zero spread account types. However, Hotforex has the right to revoke accounts on accounts that are granted for Islamic accounts.

Platform trading Hotforex Like most forex brokers, Hotforex uses the Metatrader 4 and Metatrader 5 platforms to serve their clients. However, the platform is available for mobile platforms and Windows PC computers. For android version using MT4 platform with compatible with android 4. As for the iPhone and Ipad use the HF market platform which traders can install through the download page. For clients who do not want to install the platform. They can log in via web trader, it is also available on the Hotforex platform.

Payment method Hotforex Hotforex does not provide too many deposit and payment options, on the official website for deposits you can use bank wire transfer, credit card MasterCard and Visa, then alternatively use Neteller, Skrill, and Trustpay. All deposit methods are free of charge, except bank wire transfer if the deposit is less than USD. For instant withdrawals using Neteller and Skrill, while using bank wire transfers and Visa it takes days from the withdrawal request. However, the fee structure will differ depending on the product.

Usually, traders will consider the cost of the spread when choosing a trading asset. Hotforex affiliate program Hotforex also runs an affiliate program, where someone who has expertise in product marketing and meets the requirements will get a commission when he successfully brings new clients to register with Hotforex. It works by using unique affiliate links to invite clients.

For that purpose, Hotforex provides useful tools to attract clients either with banners, landing pages, websites, and more.

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