HotForex Review – Expert Review of Hotforex.com
Hotforex is one of the best forex and commodities brokers out there, offering both retail and institutional clients an array of award winning trading services. Hotforex has set themselves apart from other ECN brokers by providing the best customer service, a great variety of account types and all the trading software and tools necessary to trade Forex and Commodities successfully online.
All HotForex clients have the opportunity to access interbank spreads and liquidity through the best automated trading platforms available. Hotforex is renowned for the superior trading conditions and extremely fast execution by providing all to the tools and services necessary to clients of any level of trading.
- Established year : 2010
- Broker Type: STP Broker
- Headquarters: Mauritius
- Regulated Authority: Financial Services Commission (FSC) – Mauritius
- Accept Us Clients: No
- Open An Account with Hotforex here : Hotforex.com Open Account
Hotforex.com Account Types:
Hotforex offers a variety of account types to accommodate any level of traders, from beginner to advance.
Allows traders to open a live trading account with minimum deposit of only $5! This account is for traders new to the forex market and/or traders who wish to trade smaller trade sizes. With spreads starting at only 1 pip, Max Leverage of 1:1000 and a minimum trade size of only 0.01 lot and Maximum of 5 Standard lots, this account is idea for those traders just getting started to allow them to minimize their risk while still trading live.
The premium (or standard) account is for more experienced traders. With a minimum opening deposit of $500(USD), Maximum leverage of 1:400, minimum trade size of 0.01 and max trade size of 60 standard lots. With the premium account, you are also assigned your own personal account manager along with all the tools and services necessary to trade effectively and almost effortlessly.
For the ultimate experience in trading, the VIP account offers many unique services, such as Unlimited Live Chat sessions with expert analysts, A complimentary subscription to daily update services via SMS and Three private 30 minute consultation sessions with Chief Market Analyst Janna Muta (bookable in advance). There is a minimum opening deposit of $20,000 and a minimum trade size of 0.1 lots (10,000 units of base currency). Spreads begin at only 0.2 pips with a max leverage of 1:300.
Hotforex also provides accounts suitable for scalper trading (Currenex Account) and Swap-Free trading (Islamic Account). Hotforex also offers FIX accounts for fixed spreads, PAMM account for money managers and an unlimited risk free DEMO account for newcomers who just want to test the water but aren’t ready to risk any capital.
Also see HotForex Deposit Bonus promotions of 2015
Hotforex values the customers and achieves their mission by impressing the clients through an unparalleled level of service and consistency. Their passion and determination is what sets them apart from most other brokers and they have a high level of respect for colleagues as well as clients. Having been in business for more than 5 years, with over 350,000 Live accounts opened and more than 140 Employees worldwide, HotForex has built a team of experts with a positive attitude and “family spirit”.
They are dedicated to helping traders make the most of forex trading by being reliable, embracing change and taking responsibility for their actions. In the world of highly competitive Forex trading, Hotforex stand apart from many other forex brokers with their integrity and client consideration.
The best and most convenient Platform options of Hotforex
Hotforex offers traders the best platform available with one of the most popular front-end application in the industry, MetaTrader 4. Hotforex has taken MT4 and has introduced its liquidity in order to offer traders a user-friendly interface with interbank liquidity and very fast execution. MT4 provides all the tools and resources needed for traders to analyze the market, use automated trading (Expert Advisors) and make lightning fast trades. Hotforex also offer the convenience of MultiTerminal trading, allowing traders to manage several account simultaneously through one interface.
You can download and install the MT4 to your desktop in minutes and begin trading almost immediately. The ease of use and intuitive design makes this platform great for new traders as well as functional enough for even the most seasoned traders. In addition to trading on your desktop, Hotforex offers several other choices to allow you to trade