HFM Global Leader in Online Trading Regulated Broker

hotforex broker

The company has implemented several measures to protect against potential financial loss. One of these measures is a Civil Liability insurance program with a limit of €5,000,000. HFM broker allows its users to choose from 4 base currencies to denominate their account. Best of all, these platforms are available in various versions, such as desktop, mobile, and web, so you can trade whenever and wherever you want.

hotforex broker

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It takes up to 10 minutes to deposit your money in your trading account in HotForex, however, it might take 2-7 business days if you are using wire transfer. They are intended to keep the traders engaged if they make money, and to give them another chance even if their position is at loss. It is not common for Forex brokers to offer such access, but hotforex broker hot Forex engages its clients in direct market access. HotForex offers its traders the opportunity to trade directly in global stock markets, offering 8 counties’ stock exchange markets, and each market has its own listed corporations’ stocks. The main commodities are copper, coffee, sugar, US Cocoa and US Cotton no2 are available for traders in HotForex.

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Here is a screenshot of HFM quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. The bulk of business derives from HF Markets (SV) Ltd, registered as an International Business Company (IBC) in St. Vincent & the Grenadines, registration number IBC 2015.

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If you review their website, you will see that its mission is providing the best customer service via a client-centric culture.
Designed from the ground up to suit the needs of all traders, from beginners to advanced, these are the best trading accounts in the industry.
Any trading account is eligible for this bonus, which is intended to help the traders if their trading is going opposite to their expectations.
As an example of rates, the UK 100 has a typical spread of 0.6 and the USA30 has a typical spread of 3.4.
This is fewer indices than many competitors offer, but it does include all of the favourites.
Card paymentsThere is credit card support for Maestro, MasterCard, Visa, Visa Electron, and Union Pay.
The spreads are tight, and orders are executed quickly so you can trade confidently.

The spreads are tight, and orders are executed quickly so you can trade confidently. Users can access various deposit and withdrawal methods, making it easy to manage your funds the way you want. HFM offers upgraded MT4/MT5 trading platforms and its proprietary mobile trading app. Multi-lingual customer support is available 24/5, and HFM transparently lists all contact methods on its website.

Who is the most popular and richest forex trader?

HotForex provides its commitment to serving a diverse client base by offering support in multiple languages and providing various channels for customers to reach out for assistance. Still, its services are regulated by the Financial Conduct Authority (FCA) in the United Kingdom, considered one of the top-tier regulatory bodies in the industry. Unfortunately, USA, Canada, Sudan, Syria, and North Korean residents cannot use the HotForex platform. Similarly, HF Markets (SV) Ltd does not offer services to residents of Iran, Iraq, Myanmar, Yemen, Afghanistan, and several EEA countries. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based account. One of the most ignored trading costs is swap rates on leveraged overnight positions.

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HotForex offers traders the chance to open positions in every financial market, with the exception of the cryptocurrency market. Our review team contacted the broker several times and each time the response was impeccable. Support is offered 24/5, via live chat, email, or phone, and you can expect efficient, knowledgeable, and friendly agents. If you’re looking for more indicators, HotForex also provides Autochartist tools to all traders, free of charge. Autochartist is a well-respected program that usually costs upwards of $30 per month.

hotforex broker

To provide some examples, the typical spread for APPLE is 0.48, for COKE is 0.04, and for GOOGLE is 1.6. HotForex provides a bunch of educational videos podcasts of market experts discussing key trading tools and topics. Besides that, there is a library of educational books for different topics that a trader can read from.

The company supports up to 27 different languages and has been in operation for more than 8 years.
It may seem confusing at first, but the broker should be commended for offering different types of accounts to suit individual trader requirements.
They are involved with numerous charities, including the likes of Unicef and Red Cross, as well as sponsoring numerous events over the years, such as the 2017 Carrera Cup.
They are a leader when it comes to providing forex services online, as well as being a worldwide CFD broker.
Gain the confidence you need to enter the market with a demo account that offers unlimited access, allowing you to practice in real market conditions.
There are many different features and tools available to you as part of this platform which helps to enhance the ability of the trader.
Traders can deposit money into their HotForex trading accounts through Credit/Debit cards, Skrill, Neteller, UnionPay, WebMoney, FasPay, and Wire transfer.

At the same time, the broker is also focused on the education and knowledge of the market that its individual clients have. Because of this, it provides very well-developed educational material to Forex traders. 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.

You’ll first need to contact the broker, supplying your personal/company details and your average monthly trade volume. This trading platform also requires a $200,000 minimum deposit, and withdrawals that reduce the account balance below $200,000 are not allowed. Beyond the two main MetaTrader platforms, our review team discovered HotForex also offers an advanced trading platform called HotForex RapidTrade FIX/API.

Since 2010, HFM has empowered traders to pursue opportunities in the financial markets. We have become a one-stop shop for cutting-edge technology, wide-ranging education and the best trading conditions. You also get access to trading platforms such as WebTrader and MT4 Terminal.

HFM Global Leader in Online Trading Regulated Broker