HotForex CFDs and Forex review. HotForex is a CFD broker. They have forex pairs, commodities, indices, stocks and bonds as a CFD all to choose from with a total of over assets available to trade at very low spreads that can start from 0 pips depending on account type and average low across the board Abiodun - Nigeria, Lagos scam report (Scam danger - 12%) Abiola Omo-Sagie - Nigeria, Lagos scam report (Scam danger - 37%) Acharapon Toungswat - Thailand, Prakhonchai scam report (Scam danger HotForex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients. Trade Forex, Cryptos, Metals, Energies, Commodities, Indices, Bonds & Shares - Award-winning multi-regulated broker - Tight spreads - Top trading conditions
HotForex Review Pros and Cons Revealed (Unbiased)
You are using an outdated browser. Please upgrade your browser to improve your experience. The best thing you could is to open a free demo account to try out first-hand the HotForex platforms, to be able who is hot forex located in nigeria fully follow this review.
OPEN AN HOTFOREX DEMO ACCOUNT. Among the great features is a detailed education section, one of the best in the industry. A complex company structure means the offering can differ depending on location for this time award-winning broker with a physical presence on every continent, and impressive regulation in place.
This regulatory compliance is worldwide and includes regulation by CySEC, FCA, DFCA, FSCA, FSC, and the FSA for a truly global level of trust. The Hot Forex brand entity is dedicated to non-EU traders, while in Europe they are known as HF Markets Europe as mentioned in our HF Markets review.
You will also find auto-trading under the FSCA and SV regulation, and copy trading available to all except those under DFCA jurisdiction.
Starting with the downsides, it could be thought that HF Markets offering different services in different areas is a negative depending on where you are located. The fact there are no social trading features is also something that detracts slightly from the offering.
The main downside with this broker though is the limited number of markets made available to trade in. This is limited to just more than which may not suit particularly more experienced traders.
Turning to the positive side, a low minimum deposit makes the broker very accessible to all wanting to trade. Low trading costs also help ensure the broker is a popular choice. Overall, the average spread stays competitive at 1. Something for everyone. Finally, the HF Copy account provides great ability to get started with a proprietary copy trading platformand the educational service is one of the best around.
HotForex is a CFD broker. They have forex pairs, commodities, indices, stocks and bonds as a CFD all to choose from with a total of over assets available to trade at very low spreads that can start from 0 pips depending on account type and average low across the board.
One of the most popular account types, particularly for scalping which is supported here, is the HotForex Zero Spread account. The spread here starts from the bottom at 0 pips of course, and with a very competitive average spread overall at just 0. This is exactly what you want to find as a scalper especially when you can also use the EAs feature in your trading platform. HotForex offers an excellent copy trading service through their own HF Copy platform, who is hot forex located in nigeria.
From the outset and before getting into great detail with our broker review, it is important to point out that there are two different entities in operation when we refer to the HF Markets Group. Within the EU, the broker and entity is known as HF Markets, while outside the EU, it is known as HotForex.
This is still referring to the same broker operating under the HF Markets Group, and the features are much the same, with the vast majority available through both entities, though there are a few exceptions. Starting our HotForex review in one of the most important places, security is always top of the list for many traders, new and experienced. This is also a top priority for HotForex and the HF Markets Group throughout. The broker was founded in and has managed to cultivate a very strong, and much trusted reputation in the intervening years to make it one of the top choice brokers worldwide.
They now have a presence worldwide in the following locations and under the following entity names:. These locations and entities for the backbone of HF Markets, HotForex, and the HF Markets Who is hot forex located in nigeria around the world. When it comes to regulations, the broker does very well in ensuring that they are regulated by some of the most well-respected bodies in global forex trading and finance.
They are regulated by a number of top-tier bodies. The broker, operating under the HF Markets Group, have the following regulations in place around the world for their entities in that region:, who is hot forex located in nigeria.
In the UK, the brokers UK entity HF Markets UK Ltd. is regulated by the FCAwhile in South Africa HF Markets SA are overseen by the FSCA In Dubai, the broker also has regulation in place from the DFSA as HF Markets DIFC Ltd.
Fand in the global market they are regulated under the FSC as HF Markets Ltd. Cand HF Markets Seychelles Ltd. So, the take away from all this information, is that considering the broker and group in its entirety, you are getting a comprehensively regulated broker that takes the security of traders and its own responsibilities here very seriously. Another area that they take very seriously is in regards to the protection of your funds. Here the HF Markets Group, no matter the entity that you are trading under, will hold your money in segregated accounts.
This provides the maximum level of protection if anything were to happen to the broker such as bankruptcy or insolvency. Ultimately, this all means that your funds are very well protected all over the world. Not only are they highly secure, but HotForex as a broker, and the complete HF Markets group, are very well decorated in the industry, having won many awards over the years. This adds up to a total of 34 awards some of which include the best FX Broker in Asia for as well as the Best FX Broker in Latin America for too.
Although the HF Markets Group and HotForex as a broker under multiple entities offer trading around the world in most places, there are a few areas that they do not reach. These include the following few places.
In fact, this list is much shorter than that of other major forex brokers and this in itself is another great credit to HotForex.
The next vital area to examine in our HotForex broker review is that of the multiple account types that are available along with the costs associated with trading at the broker. There is a fantastic selection when it comes to choosing an account for trading at HotForex. Here is what is available. The demo account is one of the best ways to get to know any broker, and HotForex is no different. Trading on a demo account means you can try out the exact trading conditions of a real account but with no risk at all.
This includes no obligation to deposit real money when you are finished with the demo who is hot forex located in nigeria. The HotForex demo account is unlimited in the sense that the trial period does not end. This is a great advantage that is not always available with all brokers, who is hot forex located in nigeria.
Added to this, you can have as many as 3 demo accounts at once. This is perfect for learning or testing strategies if you are an experienced trader. Just one point to keep in mind is that if you are inactive for more than days, the broker may close your account. HotForex also offers a micro account, who is hot forex located in nigeria, though this account type is only offered by the South African entity HF Markets SA PTY Ltd.
of the broker. The account also allows for a very high leverage of up to on major forex pairs and with a who is hot forex located in nigeria competitive spread that starts from 1 pip.
Although it is named a Premium Account, this account type is actually the standard account type offered by HotForex, and HF Markets.
If you are located in South Africa, then this minimum deposit is ZARor in the UAE it is AED. The spreads on trading through this account also start at a great value 1 pip across a wide range of assets and the available leverage depends on your location, from in Europe up to in some other jurisdictions, who is hot forex located in nigeria. The Zero Spread Account is offered by both HotForex and all HF Markets entities with the exception of the UAE where this account is not available.
It offers who is hot forex located in nigeria best value in spreads from 0 pips and is an ideal account type for scalpers or those using EAs who are relying on the lowest cost of trading possible. The leverage situation remains the same with available in Europe and the UK, and up to available elsewhere depending on the jurisdiction.
The Auto Account is offered by HF Markets SA PTY Ltd. as the entities for the broker in both South Africa and SV jurisdictions. This type of account is specialized for the use of those who are using EAs to engage in auto trading.
Through this account you are free to use signals and strategies from the MQL5 community or other paid trading signals. Spreads here are competitive too and start from 1 pip. The HF Copy Account is a copy trading account and proprietary copy trading service that is offered by all entities of the broker with the exception of in the UAE.
If you are interested in copy trading, then this is the account type for you. The minimum deposit here will vary depending on the particular account you would like to open. If you are a signal provideryou can have as many as followers, though trading is only allowed in forex and gold.
The leverage again will range from in Europe, who is hot forex located in nigeria, to 1 in other areas, with a spread from 1 pip. This account type is only offered by HF Markets DIFC Ltd. the broker entity in the UAE. and this is available if you are experienced in the industry and wish to manage several accounts under yourself, similar to a fund manager.
The spreads on these accounts start from 1. The Premium Pro account is a professional account type that is available under every HF Markets entity. If you do not meet these requirements and are based in Poland, then you may be classified an Experienced Retail Trader ERT which can extend leverage to but this is the only exception. The HotForex Islamic account is available where requestedwith the minimum deposit again changing depending on which account type you choose.
The Micro, Zero, Premium, who is hot forex located in nigeria, Auto, and VIP accounts are all available as swap-free. Since there is no swap-fee, the broker may apply an additional charge for you to hold positions for longer than 7 days which we will discuss later in this section.
The base currency of your account is the currency that you will be trading in. Like many brokers, there are several available through HotForex. The availability will depend on the jurisdiction you are based in, but will generally help you avoid any conversion fee when the base currency is the same as your deposit currency.
With HotForex, a USD base currency is typically available in all areas, and the following may be available in these specific areas:. ZAR base currency in South Africa, NGN base currency in Nigeria, EUR available in the EU, GBP available in the UK, and AED base currency available in the UAE.
The minimum deposit you will have within the HF Markets Group depends on which account type you select and also which jurisdiction you are located within, who is hot forex located in nigeria. The deposit methods available with HF Markets are everything that you would expect from a major broker.
They include wire transfersdeposit by credit or debit card in the form of Visa and MasterCard, and eWallet deposits that include PayPal, Skrill, and Neteller.
A small note is that while these are widely accepted, they may not always be available worldwide depending on the area. Deposits from wire transfers can take a couple of days, card deposits are typically much faster around 24 hours maximum, and the same for eWallet methods.
HotForex Account Creation \u0026 Verification Guide
, time: 24:55HotForex Review for - Pros, Cons and Bonuses
HotForex CFDs and Forex review. HotForex is a CFD broker. They have forex pairs, commodities, indices, stocks and bonds as a CFD all to choose from with a total of over assets available to trade at very low spreads that can start from 0 pips depending on account type and average low across the board HotForex regulation is also one of the hot topics of discussion among traders, as HotForex is one of the few brokers that have multiple regulatory statuses throughout the world. HotForex is regulated by the St. Vincent & the Grenadines regulatory authority, the CySEC in Cyprus, and the FSC of the Republic of Mauritius under the HF Markets moniker. It is interesting to note that the broker has based its Abiodun - Nigeria, Lagos scam report (Scam danger - 12%) Abiola Omo-Sagie - Nigeria, Lagos scam report (Scam danger - 37%) Acharapon Toungswat - Thailand, Prakhonchai scam report (Scam danger
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