Hot Forex is part of the HF Markets Group, and is the branch that serves traders located outside of the EU. HF Markets is the brand-name for the EU branch of this company. company is a multi-national online Forex broker in operation since 2010.
HotForex (HF Markets Group UK Ltd) is a multi-asset online broker offering trading opportunities in forex, commodities, indices and more. Aimed at traders across the world, whether from Nigeria, Jakarta Johannesburg or the US, this 2022 review will cover the companys history, asset range, bonuses, payment methods and more, so you can make an informed decision about whether to open an account. HotForex has been listed under the World Finance Top 100 Global Companies and offers premium trading tools, access to AutoChartist, a VPS hosting service and more.
One thing Unique to the HotForex platform is, the loyalty program can be used to exchange bars for cash, trading services and credit bonuses. Accounts offered by HotForex: Micro account – a minimum deposit of 5 USD required with spreads starting from 1 pip Premium account – requires an initial deposit of 100 USD with variable spreads starting from 1 pip Zero spread account – 200 USD will activate your live account and spreads start from 0 pips Auto account – a minimum deposit of 200 USD is required with variable spreads starting at 1 pip HFCopy account – this account can be used by strategy providers and strategy followers, with providers paying a min deposit of $300 and followers saying a min deposit of $100 and spreads start from 1 pip.
Is HotForex Broker Regulated？
The broker is authorised by the Financial Conduct Authority (FCA), a highly regarded regulator with stringent compliance. The accreditation allows the broker to offer investors in the United Kingdom and across the world access to a range of CFD assets, including forex, stocks, indices, bonds, ETFs and commodities. Direct market access is provided through top-tier liquidity providers in the country and the company headquarters location is in the heart of London.
HotForex holds licenses in all countries of operation, including Dubai, Kenya, Cyprus and South Africa. Our review was pleased to see the safeguarding of customer assets with segregated funds implemented in all jurisdictions. The broker complies with annual and quarterly reports and review requests with internal audits conducted regularly. HK Markets UK is regulated by the Financial Conduct Authority (FCA). This is a highly regarded authoritative body in the financial market with stringent compliance protocols.
Hot Forex offers the use of the Meta Trader 4 and Meta Trader 5 trading platforms. If you are seeking a reliable, regulated MetaTrader Forex broker, then look no further. HotForex offers everything you could possibly need – whether youre a beginner or an expert – and this broker is impossible to resist with all its bonus offers, loyalty program rewards, contests, exclusive merch, and an incredible affiliates program to top it off. If what you need is a broker that offers multiple, flexible accounts with competitive trading conditions, then HotForex is the broker for you!.
Also, The HotForex education client area is comprehensive and suitable for new and experienced traders alike. Available content includes live forex trading webinars, daily market analysis, global economic releases and e-courses, covering topics like carrying out exchange rate calculations, hedging, utilising leverage, understanding VPS hosting, introducing the cryptocurrency market and more.
There are three account funding currencies: USD, EUR and GBP. Accepted account payment methods include:
Bank Transfers
• Trustly – $20,000 maximum limit, $100 minimum limit, no fees, up to 2 business days processing
• Wire Transfer – no maximum limit, $250 minimum limit, no fees, 2 to 7 business days processing time
Credit/Debit Cards
There are no fees to deposit your HotForex account with a credit or debit card
• Visa – $10,000 maximum limit, $5 minimum limit, up to 10 minutes processing
• Mastercard – $10,000 maximum limit, $50 minimum limit, up to 10 minutes processing
E-Wallets
• Skrill – $10,000 maximum limit, $50 minimum limit, no fees, up to 10 minutes processing
• Neteller – $5000 maximum limit, $50 minimum limit, no fees, up to 10 minutes processing
Note, HotForex does not offer cryptocurrency deposits like Bitcoin
Below are some users reviews
Finally, it is therefore obvious to say that HotForex is a licensed and regulated brokers regardless of some other possible failures and challenges that traders may face. But remember, this doesnt mean we strongly recommend the broker to the users. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself
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