hotforex Review: How It Compares | for 2024
This hotforex review has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about hotforex to give you the most comprehensive guide available.
hotforex is a world class trading partner that was founded in 2012. They have around 95 employees that help the company provide Financial Markets Access, to 30,000+ clients through MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps.
hotforex Guide – Read our In-Depth hotforex Review
hotforex Rating: 6.25 / 10
This hotforex review page contains information about investing with hotforex. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of hotforex does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
This hotforex review contains the latest info about hotforex.
If you are a new entrant in the realm of trading online and brokers, so many details will no doubt be confusing for you. Getting into the area of trading online requires expert assessing skills and thorough understanding. You'll get adept at all the concepts of trading online and brokers as you keep trading. For starters, you have to choose the right agent who'll constantly be transparent with you.
In this fast-paced world of financial markets and online trading, you'll need advice to make educated decisions. A professional, direct investment program could help you in minimising any losses and maximising any profits. hotforex is just one such stage which will assist you. It's important to learn about any broker before you trust them with your money.
When engaging in online trading with platforms such as hotforex, it's crucial to meticulously examine hotforex as your broker, as this choice can significantly impact your success. Selecting the right broker is vital for your hotforex investments to prosper. However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be prudent and methodical in your hotforex broker selection to protect your hard-earned money. Performing your due diligence and researching the trustworthiness of hotforex, its track record, and reputation is vital. Moreover, ensure the hotforex broker's offerings, trading tools, fees, and regulation align with your preferences.
Remember, hotforex should be a supportive ally on your trading journey.
Our team has strived to simplify the intricate world of trading with hotforex into easily understandable information in this hotforex review. Our goal is to equip you with the knowledge necessary to confidently use hotforex trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with hotforex are the cornerstone of successful trading. As such, we've provided this detailed hotforex review. So, make yourself comfortable, grab a cup of coffee, and immerse yourself in learning about hotforex and how it can work to your advantage, or if hotforex might not be the right fit for you.
hotforex Guide for 2024 – Quick Overview
hotforex Telephone: | |
hotforex Support Email: | |
hotforex Address: | |
Year Founded: | 2012 |
Regulated By: | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255 |
Hedquarters: | United States |
Minimum Deposit: | $250 |
Number Of Clients: | 30,000+ hotforex users and traders |
hotforex LinkedIn: | |
hotforex Facebook: | |
hotforex Facebook Likes: | 0 |
hotforex Twitter: | @ |
hotforex Twitter Followers: | 0 |
hotforex Instagram: | |
hotforex Instagram Followers: | 0 |
hotforex Youtube: | |
Your capital is at risk |
Our entire hotforex review for beginners covers everything you will need to learn about trading with hotforex. A fantastic broker can use your initial investments and help to protect it from losses but also give you a platform that can help to give you favourable profits. If you want to earn profits, you must trade with a broker service that aligns with your investing objectives.
Of course, there's absolutely no sure-fire way to guarantee profits; thus, you should carefully assess your agent before you choose them. It's a frequent misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, initially, can set your investments in danger.
hotforex is a trading partner which has found its way successfully to the brokerage world. Within this review, we've attempted to collate a number of the important facets of hotforex. This guide will allow you to learn whether hotforex is a fantastic match for your investments or not. We've tried to breakdown all the features and charges for your convenience.
Who are hotforex?
hotforex is a online trading broker headquartered in United States and provides a variety of tools for trading. Since its establishment in 2012 they have emerged as a top-tier player in the field of online trading. hotforex has an extremely aggressive and full-featured trading site that is focused on currency, indices, metals, stocks and commodities.
Over the past 12 years, hotforex has become one of the best online brokers available to the public.
After launching in 2012, their consumer base has increased to 30,000+ clients.
hotforex is a favourite of many online traders because of its negative balance protection. Our hotforex account review found that they are a superb alternative for online trading options. They are best suited for investors that are searching for a variety of assets. Social and easy to use trading options are the core at hotforex.
Technology plays a significant role at hotforex. They offers trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps. hotforex is honest, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255. Their outstanding variety of resources will be beneficial for most traders. Third-party partnerships also supply in-house analysis.
The trader resource section at hotforex is quite comprehensive for new traders since it allows them to get a closer look in the financial markets. hotforex caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.
Benefits of using hotforex in 2024
Trading with hotforex includes many benefits. These advantages are what sets hotforex ahead of all other online brokers. You should check all of the benefits listed so you have a better comprehension of hotforex.
The agent goes to great lengths to understand what traders want. Consequently, the service, fast, and convenient. The broker also gives a variety of platforms for all kinds of traders. hotforex helps to ensure that the individual needs of all traders are met to the best of their capabilities.
hotforex also includes excellent trading conditions that are readily available to all and not just an elite class of institutional customers. The tight spreads and fast executions are a fantastic advantage for all traders. The technology adopted by hotforex is among the highest caliber, making sure that it's fast, dependable, and efficient.
hotforex admits the importance of having a fast order execution. A fast execution will allow users to exchange without worrying about slippage safely. It will also help the dealers to catch any opportunities.
Copy trading is another important aspect of hotforex. A new trader can learn from business experts using the automated copy trading option. This means you can monitor the best performing brokers and instantly copy their trades and benefit from their expertise
hotforex has over 138 trading tools to support all types of traders. These instruments are lively and convenient for both new and seasoned traders. All dealers can put aside all their worries when trading with hotforex.
hotforex Overview
Year Founded: 2012
Regulated By: Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255
Hedquarters: United States
Minimum Deposit: $250
Number Of Clients: 30,000+
Your capital is at risk
If you feel that hotforex is not right for you then at the bottom of this hotforex review you will find a lot of alternatives to hotforex.
Everything you ought to know about trading using hotforex
hotforex is a lively platform that offers various procedures of online trading. These instruments cover the monetary markets considerably. Most of the broker platforms offer fewer procedures than hotforex
If you would like to trade with hotforex, you will require a minimum deposit of $250. This deposit is mandatory if you wish to start trading with hotforex. This 2024 hotforex review will direct you easily about trading with them.
hotforex is as flexible as another broker platform. hotforex is excellent for traders that want a manageable range of cheap services. The programs supplied by hotforex are third-party, white-label offerings. All traders can choose out of MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
Together with everything, hotforex has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction must be kept open. The agents offer premium client service which rewards customers with advantages.
Many less reputable brokers attempt to pressurise consumers into bigger funding for premium services. hotforex, however, is much more focused on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the more advantages will come along.
hotforex accounts are available around the world and provides excellent service wherever they have customers. There are some select few countries where hotforex accounts are not available. Traders in the following countries cannot open or use a hotforex account:
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is hotforex Safe To Trade With In 2024?
Established in 2012, hotforex has been open for 12 years, they are headquarted in United States
hotforex is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255. These figures have rules that make sure that trading platforms have measures in place to maintain investor's assets procured. This means that hotforex users do not need to worry about their money as it's segregated and safely stored in established banks. SSL encryption simplifies each user's private information also.
You can make use of an option for Two Factor Authentications (2FA) with hotforex for heightened safety. An SMS for the verification code will be sent to a phone. You'll be required to input this code to log in to your account.
Another concern with financial brokers with respect to safety may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. Nonetheless, this is more widespread in the example of Market Maker agents who compete with users on the stage.
hotforex Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With hotforex
Every online trading platform will have a few pros and cons hotforex review would be complete without showing both sides. This hotforex review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
hotforex Pro's
hotforex is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255.
hotforex has been trading for 12 years.
hotforex offers customer support over the phone.
hotforex provides customer support over email.
hotforex gives access to customer support over livechat.
hotforex offers guaranteed stop loss.
hotforex offers negative balance protection.
You can trade Cryptocurrencies with hotforex.
hotforex offers copy trading.
hotforex allows hedging.
hotforex allows commodity trading.
You can trade metals with hotforex.
You can trade energies with hotforex.
hotforex Con's
hotforex is not highly rated by us. hotforex hasn't won any awards. hotforex has a high minimum deposit requirement. hotforex charges withdrawal fees. hotforex charges inactivity fees. hotforex doesn't offer social trading. hotforex doesn't allow scalping.Compare Brokers Similar To hotforex
Regulation And Licencing In More Detail
hotforex is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255.
hotforex, as a business, has a strong collection of rules for ensuring fair trading onto its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client data is never to be shared with some other institutions or individuals. This includes credit history and other financial information.
hotforex Awards
At the time of writing this hotforex review, and despite hotforex’s impressive offering, the company has surprisingly not garnered any awards to date.hotforex Trading Platforms
hotforex are a professional brokerage that has been operating for over 12 years. They offer a large range of options in their client accounts.
In the following table we take the main parts of any good online trading platform and compare hotforex against Startrader, and freetrade.
hotforex MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with hotforex in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. hotforex MetaTrader 4 is compatible with the latest macOS. hotforex allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and hotforex
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With hotforex MetaTrader 4 On iOS Devices
You can download the hotforex app or also trade with hotforex through the MetaTrader 4 application on the Apple app store.
Download the hotforex MetaTrader 4 Program free of charge from Apple's App Store. hotforex customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With hotforex MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. hotforex provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 30,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android hotforex MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit you need to begin on hotforex is $250. This is an adequate amount for people just starting out. It's possible to make more advanced residue as you go along. However, make certain you understand how to make the most of your cash before investing larger sums.
Commission And Fees Explained
hotforex is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled much better. That is, an internet broker is not necessarily affected by the amount of clients they have.
But this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are primarily three types of fees for this purpose.
The first kind of fees to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In these cases, you are paying a spread, funding speed, or even a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are people that are billed when you maintain a leveraged position for longer than daily.
Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the actions you undertake on your account. They are billed for things like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, hotforex does not charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who regularly trade, for example weekly or daily trading.
However, non-trading fees billed by hotforex are comparatively lower. Consequently, you're billed more for non-trading activities in your trading accounts, such as withdrawal and deposits. These are not about the sale and purchase of resources.
This hotforex review breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees Of hotforex
hotforex Withdrawal Fees Explained
hotforex charges a withdrawal fee if you create a bank transfer. Every time you move money into your bank account, these withdrawal fees become applicable.
Withdrawal of cash is possible at any moment from your hotforex account. It's possible to draw sums up to the amount of your account balance, keeping aside the perimeter used. One thing to remember is that you don't necessarily have to have any money on your accounts.
Moreover, the withdrawn money will be transferred directly to the accounts you use to create deposits. Thus, in the event that you used a credit card for deposits, the withdrawn cash is going to be sent to the cardhotforex will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you are choosing to draw in.
hotforex Inactivity Fees Explained
hotforex charges an inactivity fee if you don't make any trades for a while.
Even if no fees are implied by hotforex, it is best that you close the account if you're inactive. Inactivity fees aren't only charged by brokerage companies but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you have chosen. The inactivity fee is exposed to many circumstances and needs to be disclosed clearly by the broker beforehand.
hotforex Deposit Fees Explained
When you transfer money in your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers do not charge too much money for this operation.
hotforex doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the hotforex trading platform is easy. You simply need to complete a single-user profile survey to begin depositing money into your trading account. You'll need to give an identity proof and evidence of residency to deposit large amounts.
Compare hotforex Vs Other Broker Deposit Methods
What Can You Trade With hotforex in 2024?
Note: hotforex provides many different trading instruments due to regulatory restrictions in some countries. Trading instruments offered will be different based on the country of residence of the client.
hotforex has a wide variety of over 138 instruments available for you to trade with.
If trading currency pairs is of interest to you then hotforex offer over 108 currency pairs.
Compare hotforex, Startrader & freetrade below.
hotforex Trading App Review
Note: hotforex's mobile app has a lot of functions and is being developed all the time. The below information was accurate at the time of writing this hotforex broker review.
Understand the capabilities of the mobile apps of hotforex, Startrader & freetrade below.
Trading Education Available At hotforex
Understand the trading resources available with hotforex, Startrader & freetrade below.
hotforex Customer Support
As part of this hotforex broker review we looked at the options for customer service, response times and on the hotforex trading platform issue solving effectiveness. hotforex support many languages including English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
hotforex Live Chat Support
We tested the livechat experience with hotforex, and it was very effective. We made a request via hotforex livechat via their website and app and got a reply after 10 seconds. Sometimes , there was no response.
We have tested communication through hotforex support in multiple languages across multiple countries. hotforex were successful in resolving customer problems.
hotforex Phone Support
We made a call to hotforex and the call was answered extremely quickly. It was responded to within less than five to ten minutes.
The hotforex phone support team was able to effectively address our questions and concerns on the phone. We tried the multi-lingual hotforex team by calling them in various languages. hotforex made efforts to ensure all of our questions were answered.
The overall support via phone from hotforex was okay.
hotforex Email Support
We sent several emails to hotforex and the response times were all satisfactory. The fastest email response from hotforex was 4 hours, while the most slow response was 8 days! There were times when there was no response. Support response times may vary for you with hotforex, but this was our experience sending out 10 emails at various times.
The team was able to resolve and answer our questions. Average email support from hotforex was very good.
Alternatives To hotforex
If, after reading this hotforex review, they don't fulfill your needs check out these hotforex alternatives.
We've scoured the internet to find the best alternatives to hotforex. Click on the hyperlinks below to find out more.
Frequently Asked Questions
Can I try hotforex before I buy?
Absolutely! you can most definitely try hotforex before you buy. hotforex provides demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you register for a demonstration account with hotforex, you will set out using a decent amount of virtual currency. It's to establish a sense of security and confidence in you until you choose to invest your own money.
With this virtual hotforexdemo account, you can experiment in any way, to whatever length you desire. You can also open positions, examine different trading strategies, and much more.
hotforex shows on its official website that you are able to exchange real time stocks in a demo account.
Is hotforex safe?
You can drop all of your worries because we believe that hotforex is perfectly safe to use. It's in compliance with the principles of Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255.
Luckily, hotforex provides assured stop-loss protection.
Why does hotforex ask for my passport?
The reason that hotforex asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, hotforex has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, hotforex must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with hotforex?
The process to start trading with hotforex is super simple. You need to begin by signing up on the hotforex website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but hotforex are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with hotforex is $250. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with hotforex.
The best way to kickstart your trading career with hotforex is to open a demo account facility before risking any real money
What funding methods do hotforex accept?
There are multiple methods to finance your account with hotforex. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to bear in mind that PayPal is not available in every place. The monies hotforex accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit methods you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility also, even though it takes about 4-7 days.
Is my money safe with hotforex?
Yes, your money is safe and secure with hotforex. As you already know, hotforex operates with proper conformation to regulations. It has established plenty of measures to guard all its own investors.
hotforex safeguards its customers' personal and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you want to further safeguard your accounts, you can enable Two-Step Verification also. It requires an SMS affirmation that you access your account.
Is hotforex trading good?
Yes, trading through hotforex is a pleasant and good experience indeed. It is a great and intuitive platform with helpful features for your ease. Moreover, you could even obtain access to a vast selection of educational tools and assistive substance to kickstart your trading expertise.
If you are still skeptical, you can start a eToro demo account and evaluate the credibility of the platform for yourself.
Which Countries do hotforex support?
hotforex operates across the globe. However, due to regulations hotforex doesn't accept clients resident in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is hotforex legit?
hotforex is a legit company headquarted in United States since 2012. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255. hotforex is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is hotforex a good broker?
hotforex is a great broker, and its users may vouch for it. The highlight of the platform is its quick order execution on transactions.
You'll find the clean design of the platform and the admirable features are pleasant to work with.
Is hotforex a trustworthy broker?
Yes, hotforex is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 30,000+ users registered with them can affirm to their trustworthy nature.
What is the minimum deposit for hotforex?
The minimum deposit to open a live account with hotforex is $250
How long do hotforex withdrawals take?
Normally, withdrawal of money from hotforex is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from hotforex to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is hotforex regulated?
hotforex are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255
Is hotforex a market leading broker?
hotforex is currently among the business leaders. It has over 30,000+ registered users and over 12 years of experience on its record. They're among the world's leading trading platforms and also a dominant figure in the Fintech revolution.
It simplifies this standing to its incredible platform and broad range of resources plus tools so you may put money into capital markets.
Is hotforex a con?
No, hotforex is not a con. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255 and must adhere to their rules. Thus, it is safe to say that hotforex is not a scam.
Can you make money with hotforex?
Using hotforex, many traders earn a great deal of money. However, just like all online brokerages, it is important to note that traders can also lose money. In particular, Your capital is at risk
This may seem like a small number, but within the entire year, this adds to a substantial amount of gains. While hotforex provide you all the tools to make money, they cannot guarantee that you will gain.
Does hotforex have fees?
Yes. To begin trading with hotforex, you have to deposit $250. Particular commissions while trading also apply. Any processing fees from your bank will have to be incurred by you.
When was hotforex founded?
hotforex was founded in 2012 in United States. hotforex is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255.
How many people use hotforex?
hotforex is a worldwide recognised agent with 30,000+ clients.
Where is the hotforex head office?
hotforex has its head office in United States
Does hotforex offer negative balance protection?
Yes, hotforex has Negative Balance Protection. It is especially offered while the market volatility keeps clients from letting their account go in the red. In such a scenario, hotforex offers the ability to reset a clients account balance to zero.
You can go through the important conditions on hotforex's website to understand their policies better.
Does hotforex offer guaranteed stop loss?
Yes, hotforex offer a guaranteed Stop Loss order.
If there's absolutely no free margin left together with the customer, hotforex will stop your own positions. When the losses in the ceased out position exceeds your account balance, you might experience a negative account balance.
Does hotforex allow scalping?
No, the stipulations of hotforex do not condone scalping. It's a trading technique that isn't allowed on the broker's platform. You should consult with hotforex's provisions and conditions to see more about its policies.
Does hotforex allow hedging?
Yes, hotforex does allow hedging.
Can you trade energies with hotforex?
Yes, you can trade energy stocks with hotforex
Can you trade agricultural shares with hotforex?
No, unfortunately you cannot trade agricultural stock with hotforex
Can you trade cryptocurrency with hotforex?
Yes, you can trade cryptocurrency with hotforex
Can you trade metals with hotforex?
Yes, you can trade metals with hotforex
Can you trade UK Shares with hotforex?
No, unfortunately you cannot trade UK shares with hotforex
Can you trade US Shares with hotforex?
No, unfortunately you cannot trade US shares with hotforex
Can you trade Japanese Shares with hotforex?
No, unfortunately you cannot trade Japanese shares with hotforex
Can you trade German Shares with hotforex?
Yes, you can trade German shares with hotforex
Does hotforex accept bank transfers?
Yes, hotforex accepts bank transfers for depositing money.
Does hotforex accept credit cards?
Yes, hotforex accepts credit cards for depositing money.
Does hotforex accept PayPal?
Yes, hotforex accepts PayPal for depositing money.
Does hotforex accept Skrill?
Yes, hotforex accepts Skrill for depositing money.
Skrill (formerly Moneybookers) is a digital wallet company that was founded in 2001. It provides a variety of payment options online and money transfer services.
Since its launch, Skrill has expanded to be available in more than 120 countries and has a digital wallet offered in 40 different currencies. Customers can deposit money into their Skrill wallet through a variety of options for payment, including credit bank transfer, card as well as a variety of alternative payment methods. The money can be used to pay for merchants or others Skrill customers, or converted into crypto.
Skrill also provides cross-border payment through its remittance services Skrill Money Transfer. Customers can send money to a bank account overseas with their bank card. In 2015, Skrill was acquired by the Paysafe Group along with former competitor Neteller and prepaid payment service paysafecard.
Skrill holds a number of licences that permit it to provide its services in Europe as well as globally. Skrill is operated by Paysafe Payment Solutions Limited, an entity that is incorporated in Ireland and regulated by the Central Bank of Ireland, for its European authorized operations. Skrill's activities outside of the European Economic Area are operated by Skrill Limited - a company which is incorporated in the United Kingdom and regulated by the Financial Conduct Authority.
Does hotforex accept Payoneer?
Yes, hotforex accepts Payoneer for depositing money.
Payoneer, an American financial services company, offers online money transfer and digital payment services. It also provides working capital to customers.
Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card. The company specializes in facilitating cross-border B2B payments. The company facilitates cross-border transactions in more than 200 countries and territories, as well as more than 150 local currencies. It also offers cross-border wire transfers, online payments and refillable debit cards services.
Companies like Airbnb, Amazon, Google and Upwork use Payoneer to send mass payouts around the world. It's also used by eCommerce platforms like Rakuten, Walmart, Wish.com, and freelance marketplaces like Fiverr, Envato, and works in conjunction with ad networks to link these companies with publishers based out of their headquartered countries.
Payoneer is a content creator and works with Pond5, iStock, Pond5 and other companies as well as the freelance market.
Payoneer's customer service team includes 320 employees that support 4,000,000 customers in 70 languages and in 150 currencies.
The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply.
Does hotforex accept Neteller?
Yes, hotforex accepts Neteller for depositing money.
Does hotforex offer Live Chat customer support?
Yes, hotforex offers customer support through live chat.
Does hotforex offer phone customer support?
Yes, hotforex offers customer support over the telephone.
Does hotforex offer email customer support?
Yes, hotforex offers customer support through email.
What languages can hotforex communicate in?
hotforex has the ability to communicate and support customers who speak: English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Does hotforex have a wikipedia page?
No, hotforex does not have an official wikipedia page.
Does hotforex offer demo accounts?
Yes, hotforex offers demo accounts so you can learn their systems before risking any real money. Inexperienced traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of the company’s features before signing up for a live account.
Compare hotforex To All Our Other Brokers
Latest hotforex News & Insights
hotforex Review
hotforex Review:
Table Of Contents
- Who are hotforex?
- Benefits Of Trading With hotforex
- Everything you should know about trading with hotforex
- Is hotforex Safe To Trade With?
- hotforex Risk Disclaimer
- Pro's & Con's Of Trading With hotforex
- Compare Brokers Similar To hotforex
- hotforex Regulation And Licencing
- hotforex Awards
- Minimum Deposit Required For A Live Account With hotforex
- hotforex Commission And Fees
- Compare broker fees against hotforex
- hotforex Withdrawal Fees Explained
- hotforex Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With hotforex?
- hotforex Customer Support
- hotforex Live Chat Support
- hotforex Phone Support
- hotforex Email Support
- Alternatives To hotforex
- Frequently Asked Questions About hotforex