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 reputable trading partner that was founded in 2012. They have around 95 staff 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 most recent details about hotforex.
If you're new to the world of online trading and brokers, so many details will no doubt be perplexing for you. Getting into the world of trading online demands expert assessing skills and comprehensive knowledge. You'll acquire proficient at all of the concepts of online trading and brokers while you continue trading. For starters, you need to select the right online broker who will constantly be transparent with you.
Within the fast-paced universe of stock markets and trading, you will need advice to make educated decisions. A professionally lead investment plan could aid you in minimising any losses and maximising any returns. hotforex is just one such broker that can assist you. It's important to learn about any broker before you trust them with your cash.
When engaging in online trading with platforms such as hotforex, it's crucial to carefully assess hotforex as your broker, as this choice can determine your success. Selecting the right broker is vital for your hotforex investments to thrive. However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be cautious and comprehensive 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 reliable companion on your trading journey.
Our team has devoted their efforts 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 in-depth hotforex review. So, make yourself comfortable, grab a cup of coffee, and immerse yourself in learning about hotforex and how it can benefit you, or if hotforex might not be the right fit for you.
hotforex Guide for 2024 – Brief Summary
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 need to know about trading via hotforex. A good broker can take your first investments and help to protect it from losses but also provide you a platform that can help to provide you favourable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investing objectives.
Of course, there's absolutely no sure-fire method to ensure profits; thus, you must carefully analyze your agent before you choose them. It is a frequent misconception that all agents are exactly the same, but that's not true. Wrong judgment, initially, can put your investments in danger.
hotforex is a trading partner which has paved its way successfully to the brokerage world. Within this review, we have tried to collate some of the vital facets of hotforex. This guide can allow you to learn whether hotforex is a fantastic match for your own investments or not. We've attempted to breakdown all the features and charges for your convenience.
Who are hotforex?
hotforex is a foreign exchange broker with its head office in United States and provides a variety of instruments for trading. Since its beginning in 2012 they have emerged as a top-tier player in the industry of online trading. hotforex has an extremely reputable and full-featured trading website that is focused on currency, indices, metals, stocks , commodities.
Over the past 12 years, hotforex has developed into one of the leading online brokers available to the public.
After launching in 2012, their consumer base has increased to 30,000+ clients.
hotforex is a favourite for many traders because of its negative balance protection. Our hotforex account review discovered that they're a superb solution for online trading solutions. They are most appropriate for investors that are looking for a variety of assets. Social and easy to use trading options are the heart at hotforex.
Technology plays a substantial role at hotforex. They offers trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps. hotforex is honest, transparent, and also 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 educational department at hotforex is very enlightening for new dealers as it permits them to have a closer look at the financial markets. hotforex caters to all sorts of traders and are a must-have broker for any well-diversified method of trading.
Benefits of trading with hotforex in 2024
Trading with hotforex includes numerous advantages. These benefits are what sets hotforex apart from the rest of the online agents. You should check all of the benefits listed so that you have a better comprehension of hotforex.
The agent goes to great lengths to comprehend what traders want. As a result, the support, fast, and convenient. The agent also provides a variety of platforms for all types of traders. hotforex helps to ensure that the individual needs of all online traders are met to the best of their capabilities.
hotforex also includes excellent trading conditions which are readily available to all and not only an elite class of institutional clients. The tight spreads and fast executions are a fantastic benefit for all traders. The technology adopted by hotforex is of the maximum caliber, making sure that it is fast, dependable, and effective.
hotforex acknowledges the importance of having a quick order execution. A quick implementation will allow users to exchange without fretting about slippage safely. It will also help the dealers to grab any opportunities.
Copy trading is another important aspect of hotforex. A new dealer can learn from business experts utilizing the automatic copy trading option. This means you can monitor the best performing brokers and instantly mirror their trades and benefit from their experience
hotforex has over 138 trading instruments to support all kinds of traders. These instruments are lively and suitable for both new and seasoned traders. All traders can set aside all their concerns when trading using 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.
What you ought to know about trading with hotforex
hotforex is a lively platform that offers various techniques of trading online. These tools cover the monetary markets substantially. Most of the brokerage platforms offer less approaches than hotforex
If you want to trade with hotforex, you will need a minimum deposit of $250. This deposit is mandatory if you want to begin trading using hotforex. This 2024 hotforex review will guide you easily about trading with them.
hotforex is as versatile as another broker platform. hotforex is excellent for traders that want a manageable variety of cheap services. The platforms offered by hotforex are third party, white-label offerings. All traders can choose from MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
Along with everything, hotforex has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a trade must be kept available. The brokers offer premium customer service which rewards customers with advantages.
Many less reputable brokers attempt to pressurise users into bigger funding for superior services. hotforex, though, is much more focused on trading volume. Dealers can expect trading conditions to be reasonable, 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 everywhere 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 in operation for 12 years, they have a head office 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 bodies have rules that mandate that trading platforms have measures in place to keep 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 banks that are established. SSL encryption secures every user's personal information also.
You can make use of a choice for Two Factor Authentications (2FA) with hotforex for heightened safety. An SMS with the confirmation code will be sent to your mobile phone. You'll be required to enter this code to log into your account.
Another concern with financial brokers with regards to safety may be manipulation of trading. This is highly disadvantageous for users on these platforms. However, this is more widespread in the case of Market Maker agents who compete with customers 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 some 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 set of rules for ensuring fair trading onto its platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the company'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 reputable broker that has been open for over 12 years. They offer a wide range of options in their client accounts.
Below we take the main parts of any professional online trading platform and compare hotforex with 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 get started on hotforex is $250. This is an adequate amount for those just beginning. You can create more complex residue as you go along. But, ensure that you understand how to make the most of your cash before investing in larger sums.
Commission And Fees Explained
hotforex is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an online broker is not necessarily affected by the number of clients they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three types of penalties for this purpose.
The first kind of charges to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In these cases, you're spending a spread, financing rate, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the difference between the buying and selling price. Funding or overnight rates are those that are charged when you maintain a leveraged position for longer than daily.
Apart from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake in your accounts. They are billed for things like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, hotforex doesn't charge high fees compared to other online agents. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller amount. This can be beneficial for people who regularly exchange, for example daily or weekly trading.
But, non-trading fees billed by hotforex are comparatively lower. Consequently, you're charged more for non-trading actions on your trading account, like 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 charges for you in detail.
Compare Broker Fees Of hotforex
hotforex Withdrawal Fees Explained
hotforex charges a withdrawal fee when you make a bank transfer. Each time you transfer money into your bank account, these withdrawal charges become important.
Withdrawal of cash is possible at any moment from the hotforex account. You can withdraw sums up to the amount of your account balance, keeping aside the margin used. One thing to remember is that you don't necessarily need to have any money in your accounts.
Moreover, the withdrawn money will be moved directly to the account you use to make deposits. Thus, if you used a credit card for deposits, then the withdrawn money is going to be sent to the cardhotforex will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're choosing to withdraw in.
hotforex Inactivity Fees Explained
hotforex charges an inactivity fee if you don't create any trades for a while.
Even if no fees have been indicated by hotforex, it is best that you close the account if you're inactive. Inactivity fees are not just charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you have selected. The inactivity fee is exposed to a lot of circumstances and should be disclosed clearly by the broker beforehand.
hotforex Deposit Fees Explained
When you move money into your trading account from your bank account, a deposit fee can be billed by the broker. Most brokers do not charge an excessive amount of money for this particular operation.
hotforex doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money into the hotforex trading platform is simple. You just need to complete a single-user profile survey to begin depositing money into your trading account. You will need to give an identity proof and proof of residency to deposit large amounts.
Compare hotforex Vs Other Broker Deposit Methods
What Can You Trade With hotforex in 2024?
Note: hotforex provides a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may be different depending 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 forex pairs.
Compare hotforex, Startrader & freetrade below.
hotforex Trading App Review
Note: hotforex's mobile app has a lot of functionality and is being developed all the time. The table below was accurate at the time of compiling 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
While collating this hotforex broker review we looked at the options for customer service including response times, and on the hotforex trading platform issue resolution effectiveness. hotforex provides support in a wide range of languages, including English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
hotforex Live Chat Support
We have tested the livechat experience with hotforex and it works well. We made a request via hotforex livechat through their app and website and recieved a response in less than 20 seconds. There was sometimes no response.
We tried communicating through hotforex support in multiple languages and in various countries. hotforex were able to resolve our customers' problems.
hotforex Phone Support
We phoned hotforex and the call was responded to very promptly. It was responded to in less than five to ten minutes.
The hotforex phone support team was able to successfuly answer our questions and concerns via phone. We tried the multilingual hotforex team by making calls in various languages. hotforex made an effort to make sure all of our questions were answered.
Overall, the phone support from hotforex was okay.
hotforex Email Support
We have sent numerous emails to hotforex and responses were generally acceptable. The fastest email response from hotforex was 5 hours and the longest response time was 3 days! There were times when there was no response. Support response times can vary for you with hotforex, however we have had this experience sending out 10 emails at various times.
The team resolved and answered our queries. Average email support from hotforex was excellent.
Alternatives To hotforex
If, after reading this hotforex review, they do not quite meet your requirements check out these hotforex alternatives.
We have scoured the web to find the best alternatives to hotforex. Click on the links below to learn more.
Frequently Asked Questions
Can I try hotforex before I buy?
Yes, you can most certainly try hotforex before you buy. hotforex offers demo accounts for the ease of beginner traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register for a demonstration account with hotforex, you may set out with a decent amount of virtual currency. It is to establish a sense of safety and confidence in you until you choose to spend your own money.
With this virtual hotforexdemo account, you can experiment in any way, to whatever length you desire. You can even start positions, examine different trading strategies, and more.
hotforex specifies 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 since we believe that hotforex is completely safe to use. It's in compliance with the rules 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.
Fortunately, 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 ways to fund your accounts with hotforex. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to bear in mind that PayPal isn't available in all place. The currencies hotforex accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility as well, 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 works with good conformation to regulations. It has established lots of steps to protect all its investors.
hotforex protects its customers' private and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you want to further protect your accounts, it is possible to enable Two-Step Verification as well. It requires an SMS affirmation for you to access your accounts.
Is hotforex trading good?
Yes, trading via hotforex is a nice and good experience indeed. It's an excellent and intuitive platform with helpful features for your ease. Moreover, you could also gain access to a huge selection of educational resources and assistive material to kickstart your trading experience.
If you remain skeptical, it is possible to open a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries do hotforex support?
hotforex operates around the world. However, due to regulations hotforex cannot 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 an excellent agent, and its own users can vouch for this. The highlight of this platform is its quick order execution on trades.
You will discover the clean design of the platform along with the commendable features that 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 indisputably one of the industry leaders. It has over 30,000+ registered customers and over 12 years of experience on its own record. They are one of the world's leading trading platforms and a prominent figure in the Fintech revolution.
It simplifies this standing to its incredible platform and wide selection of resources plus tools so that 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?
Through hotforex, many traders earn a lot of money. But, just like all online brokers, it is important to note that traders can also lose money. In particular, Your capital is at risk
This can look to be a small number, but over the year, this adds to a significant amount of gains. While hotforex provide you all the tools to earn money, they cannot guarantee you will gain.
Does hotforex have fees?
Yes. To start trading using hotforex, you have to deposit $250. Certain commissions while trading additionally applies. 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's specially offered while the market volatility prevents customers from letting their accounts go into the red. In a situation like this, hotforex offers the ability to reset a customers account balance to zero.
You can go through the critical stipulations on hotforex's site to understand their policies better.
Does hotforex offer guaranteed stop loss?
Yes, hotforex provide a guaranteed Stop Loss order.
When there's absolutely no free margin left with the customer, hotforex will cease your own positions. When the losses in the ceased out location exceeds your account balance, you may experience a negative account balance.
Does hotforex allow scalping?
No, the stipulations of hotforex don't allow scalping. It's a trading technique that is not allowed on the agent's platform. You should refer to hotforex's provisions and conditions to read more about its own 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 provider established in 2001 which offers a range of online payment and money transfer services.
Since its launch, Skrill has expanded to operate in more than 120 countries and has a digital wallet that is available in more than 40 currencies. Customers can transfer funds to their Skrill wallet using various payment options , including bank transfer, card and a variety of other payment options. The money can be used to pay for merchants, others Skrill users, or transferred into cryptocurrency.
Skrill also offers cross-border payments through its remittance services Skrill Money Transfer. The service enables customers to transfer funds to a bank account overseas using their bank card. In 2015, Skrill became part of the Paysafe Group along with former rival Neteller and the prepaid payment company paysafecard.
Skrill holds a number of licences that permit it to provide its services throughout Europe and around the world. Skrill is managed by Paysafe Payment Solutions Limited, which is a company that is registered in Ireland and is regulated by the Central Bank of Ireland, for its European authorized activities. Skrill's operations outside Europe are managed by 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. The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards. This company is a specialist in cross-border B2B transactions. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card 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 has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different currencies.
In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly 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 capital. New traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the features before risking a live account.
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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