Hot forex real account

Before you take the step and begin the process of opening your HF markets live account, it is worth double-checking that you have covered the following bases first: once in your dashboard, you will see the screen below.

My list of forex bonuses

HotForex Live Account Opening – Step by Step Tutorial and Review (2021), hot forex real account.

Here you should click on the highlighted area to complete your full account profile. This includes slightly more detailed personal information and an appropriateness quiz to satisfy cysec and other regulators that you know enough to trade.

Hotforex live account opening – step by step tutorial and review (2021)

So, you have made the step forward and are considering opening a HF markets live account?

This important step is the gateway to many of the different hotforex account types which are available to you.

Like with any journey, perhaps you are in need of some helpful guidance. You are in the right place.

Here we will take a look at exactly how to get started with your HF markets live account. This will include pictures and a step by step tutorial to help you along with ease.

72.90% of retail CFD accounts lose money

HF markets live account review – things to consider first

Before you take the step and begin the process of opening your HF markets live account, it is worth double-checking that you have covered the following bases first:

Consider opening a HF markets demo account first

This is one great way of getting yourself acclimatized to the broker, their trading platforms, and how all of the features work.

The hotforex demo account opening is a very easy process and one which should only take you a few minutes.

Added to that, the demo account itself is available to use for an unlimited period of time. This means that even when you start trading for real, you can still refer to your demo account to test out potential trading strategies you are thinking of implementing.

All round, the HF markets demo account functions as a top quality resource.

Things you should prepare before opening a HF markets live account

There are always a few things which are helpful to have ready for HF markets verification and account opening. The same applies to the opening of any live trading account pretty much.

Having these things ready should help save you time of the verification process so you can start trading as soon as possible.

Valid and in date passport for proof of identity.

A utility bill with your registered address ideally within the last 3 months and dated.

An email address and telephone number that you can verify when required.

Having these few items ready should be of good benefit and see you get started quickly through the HF markets verification process.

Where is HF markets available?

HF markets is a global broker. In essence, this means that with a few exceptions, it is available around the world.

The broker is extensively regulated and compliant around the world with some of the most stringent financial bodies in the sector. These include cysec, FCA, FSCA, DFSA, and SV (saint vincent). This collection makes it one of the most thoroughly regulated brokers in business.

Although the broker does not feature a full list of unavailable countries, this is easy to obtain within just a few minutes from the HF markets customer support team.

Accounts available

As such a global company regulated by a wide variety of bodies, available accounts do sometimes differ depending upon jurisdiction. Another variable is under which broker branch you register with. Hotforex and HF markets, despite being the same broker, are 2 different entities. Under cysec you will have to register with HF markets, otherwise hotforex will be the choice for you. The below chart should identify exactly which account types are available in your selected region.

Base currencies

Again, the HF markets base currency does vary depending on your location. With that said, the USD is usually always available to select, and the EUR too is available under most regulations. The other currencies available depend on the country in which you live, and include the following:

GBP is accepted under FCA

NGN is accepted under SV

ZAR is accepted under FSCA

All of this means that no matter where you are located, you should find something to fit your needs at HF markets.

HF markets live account opening tutorial

With the basics covered, it is time to follow our step by step guide in getting your HF markets live account off the ground:

Step 1 – completing your personal information

The first step is to head to the homepage. This will be hfeu.Com if you are within europe, or still hotforex.Com if you are working under SV regulation. For the purpose of this tutorial we will proceed with the EU-based site, letting you know that the live account opening process will be basically the same under both branches (HF markets and hotforex).

From here, simply click “open live account” on the top right as shown below and proceed to entering your personal information.

Step 2 – completing your HF markets live account profile

The next step is to enter some basic personal information as shown below. You will still need to complete your detailed profile a little later.

Once you have completed this form and registered, you will see the next screen as detailed below. From there, you should proceed back to your email and click the link to verify your account and access your account dashboard in order to complete your HF markets registration.

Once in your dashboard, you will see the screen below. Here you should click on the highlighted area to complete your full account profile. This includes slightly more detailed personal information and an appropriateness quiz to satisfy cysec and other regulators that you know enough to trade.

Once this is completed, you will then be directed to the document upload area.

Step 3 – uploading your documents to verify your HF markets live account

You are almost there with the process of opening your HF markets live account. Just upload an image file of your identity and address proof that you may have prepared earlier. The screen should be just like the image below:

Once this is done, verification is usually automatic within the space of minutes. If you do have any problems you can always contact the HF markets support team.

Step 4 – choose your trading platform

Once verified and back at your dashboard, you can click the platforms icon as highlighted here:

This will bring up the screen below and allow you to download your selected HF markets trading platform.

Step 5 – verification pending: your HF markets live account is almost ready

Verification of your HF markets account should be complete within minutes of uploading your documents. Depending upon volume though, it could take just a little longer. In any case, when you are fully confirmed, you will receive and email notification to let you know.

Verifying your HF markets live account faster

HF markets verification is already speedy, of course though, if you have prepared the documents mentioned at the start of this piece, it will certainly help you along.

With these items to hand, the entire process from start to verification can be complete in as little as 10-15 minutes and you can be completely live and trading on your new account.

Our opinions on HF markets live account

Now that you have seen how easy it can be to open a HF markets live account in a step by step manner, here are a few of our objective expert opinions on the broker and why they may be suitable for you to trade with:

Advantages of live trading at HF markets

Regulation is something which is always of key importance in the forex trading industry and this is something which HF markets recognizes and provides for in abundance. This amount of regulation and compliance can only act in your favor as a trader.

The uniformity with which the HF markets spread is applied across the world and various regulatory bodies also ensures that as a trader, you can have the assurance of knowing approximately what the spread will be, regardless of your base.

Added to that is the additional benefit of HF markets bonuses, contests, and loyalty programs which are all accessible to traders working under SV and FSCA regulation.

Highlights of HF markets as a broker

Generally there are a variety of highlights we can select from HF markets live accounts. The major one here though is the regulation and transparency with which they operate. This coupled with the very competitive fees and spreads are an important indicator of how much the broker values its traders. This is something which has worked and will continue to work in keeping HF markets as a top forex broker in the industry.

72.90% of retail CFD accounts lose money

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Legal: HF markets (SV) ltd is incorporated in st. Vincent & the grenadines as an international business company with the registration number 22747 IBC 2015. The objects of the company are all subject matters not forbidden by international business companies (amendment and consolidation) act, chapter 149 of the revised laws of saint vincent and grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, cfds and leveraged financial instruments.

The website is owned and operated by HF markets group of companies, which include:

HF markets (SV) ltd with registered address suite 305, griffith corporate centre, P.O. Box 1510, beachmont kingstown, st. Vincent and the grenadines.

HF markets (europe) ltd with registered address spyrou kyprianou 50, irida 3 tower 10th floor, larnaca 6057, cyprus.

HF markets SA (PTY) ltd with registered address katherine & west suite 18 second floor 114 west street sandton, johannesburg 2031.

HF markets (seychelles) ltd with registered address room 107, orion complex. PO box 1228, victoria mahe, republic of seychelles.

HF markets fintech services ltd with registered address spyrou kyprianou 50, irida 3 tower 10th floor, larnaca 6057, cyprus.

HF markets ltd regulated by the financial services commission (FSC) of the republic of mauritius, category 1 global business no. C110008214 license | company reg. No. 094286/GBL.

Risk warning: trading leveraged products such as forex and cfds may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice. Please read the full risk disclosure.

Regional restrictions: HF markets (SV) ltd does not provide services to residents of the USA, canada, sudan, syria, north korea.

Myhf area

Providing complete control

Available on desktop, mobile and through the HF app, the myhf area is an all-in-one account management
solution and a virtual gateway to all the services offered by hotforex.

Provided freely to all clients your myhf area provides you with complete control over your trading
and financial operations with a single login and user friendly interface.

Myhf is a robust and fully secure environment that has been built with the most
advanced SSL encryption technology at its core.

Key features & benefits

Tools available through the myhf area

Enhance your trading and stay up to date on the go with these exclusive free trading tools!

Free and exclusive forex education

Weekly expert webinars, video tutorials, and e-course

The HF app

Your fast track to everything forex

Premium trader tools

Trade with added confidence

Autochartist

Save valuable time when reading through charts

Contact us 24/5

About

PRODUCTS cfds

TRADING

Platforms

Analysis tools

Legal: HF markets (UK) ltd is authorised and regulated by the financial conduct authority (FCA) under firm reference number 801701.

The website www.Hfmarkets.Co.Uk is operated by HF markets (UK) ltd.

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.03% of retail investor accounts lose money when trading cfds with HF markets (UK) ltd. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please read the full risk disclosure.

Regional restrictions: HF markets (UK) ltd offers services to residents of the united kingdom as well as to residents of the european economic area (excluding belgium).

WHICH HOTFOREX LIVE ACCOUNT IS THE BEST FOR YOU?

Hotforex is the up and coming forex broker in the world. Trading with hotforex is a good choice as we have discussed before. However, when you decide to open a real account at hotforex, it may be a little bit shocking that hotforex has up to 6 different types of real account. So how can you know which one is for you? We’re here to help. The following is the analysis of which hotforex live account is suitable for your trading style and level.

Hotforex live account for beginners

The hotforex micro account is the most suitable for those who are just starting to trade forex and lack experience as well as knowledge. The minimum deposit of this account is only $5, the lowest of all hotforex live accounts. This rate is quite low when compared to other brokers, whose minimum deposits are ranged from 7 to 10 dollars. For the main currency pairs, the spread is around 1 pip. The minimum trading volume is only 0.01 lot. This is the standard rate for small accounts like this.

Our advice is that you should deposit at least $50 because for 0.01 lot, you can lower your losing rate. For example, if you lose 1 dollar (100 lots) of the 5 dollar deposit, you have lost 20% of your fund. But with $50, you only lose 2%. The risk management key point is to never lose more than 2% of your equity. So the less you deposit, the more risky it is.

Hotforex live account for semi-pro or experienced traders

The hotforex premium account is the one for traders with experiences but don’t trade very often and don’t have much money. The trading conditions of this account are fairly good as well. Spread for the most common currency pairs is just around 1 pip. The minimum deposit is $500. Hotforex has strong servers, which help make your executions instant. Most hotforex traders choose this account.

Hotforex live account for professional traders

Let’s fold our cards here. In order to consider forex trading a career and make sustainable income from it, you have to have at least $50,000 as fund. All professionals agree with this. According to the investment principles of forex trading, you can never let your loss rate exceed 2%, which means you can only make 2 or 3% profit maximum monthly. So, if you want to earn $1000 to $1500 a month, you have to have at least $50,000 first. If you follow the principles strictly and don’t be greedy, you will have a sustainable income and you can consider forex trading your full-time job.

The hotforex VIP account is for traders like that. This account has super low spread, only from 0.3 pip. The commission is $6 for each completed lot and you have to trade at least 0.1 lot.

Hotforex live account for news traders

For those who trade according to the daily news, they would prefer hotforex fixed spread account. The reason is that whenever there is news, the price fluctuates greatly so that the spread rises or falls dozens of pips at a time. Therefore, a fixed-spread account is the most suitable in these situations.

Hotforex zero spread account

Although its name is zero spread, this hotforex live account still has spread, but it is very low, almost nothing. When trading, you only have to pay $8 as commission for each completed lot. This commission is very low when compared to the zero spread accounts of other brokers like FBS ($20) or fxpro ($45). This account is the most suitable for when the market fluctuates significantly.

Hotforex PAMM account

This is the hotforex PAMM account that follows the zero in order of investment, since it requires a minimum deposit of $250, with a maximum leverage of 1:300. The differentials of the PAMM account are of the variable type and of at least 1 pip in forex and something more in other assets. It allows a maximum of 350 open orders simultaneously.

If you’re still not confident whether you should trade with hotforex, check out the expert traders’ opinions about this broker in the hotforex review. There, you will find how the top professional traders in the industry think about this broker.

Conclusion

You just viewed the 6 types of accounts from hotforex. I hope that you have found the most suitable hotforex live account for your trading strategies and goals in this market.

Mario draghi

Hey, I’m mario draghi. I’m a writer currently resided in thailand. For my forex experience, I have been working with brokers and trading for 5 years. Hope that you'll enjoy my articles about all forex-related matters.

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Hotforex

Company HF markets (SV) ltd, HF markets (UK) ltd, HF markets (DIFC) ltd, HF markets SA (PTY) ltd, HF markets

Founded in 2010

Offices in

Credit/debit cards

Neteller

Perfect money

Skrill

Webmoney

Wire transfer

Cysec, 183/12

DFSA (dubai), F004885

FCA (UK), 801701

FSA (seychelles), 8419176-1

FSA (st. Vincent & the grenadines), 22747

FSC (mauritius), 094286

FSCA (south africa), 46632

Arabic

Chinese

English

German

Greek

Hindi

Japanese

Korean

Persian

Russian

Spanish

Account types:

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Forex 1:1000

Gold & silver 1:100

CFD 1:100

Oil 1:100

Soft commodities 1:100

Cryptocurrencies 1:5

Minimum account size $100

Maximum account size $6,000,000

Minimum position size 0.01 lot

Spread type variable

Typical spread on EUR/USD, pips 1.4

Minimum spread on EUR/USD, pips 1

Scalping allowed

Expert advisors allowed

Trading instruments

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Minimum account size $20,000

Minimum position size 0.1 lot

Spread type variable

Typical spread on EUR/USD, pips 0.6

Minimum spread on EUR/USD, pips 0.2

Commission (one-way) per 1 std. Lot $6

Scalping allowed

Expert advisors allowed

Trading instruments

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Forex 1:100

Gold & silver 1:100

CFD 1:100

Oil 1:100

Soft commodities 1:100

Minimum account size $200

Minimum position size 0.01 lot

Spread type variable

Typical spread on EUR/USD, pips 0.2

Minimum spread on EUR/USD, pips 0

Commission (one-way) per 1 std. Lot $8

Scalping allowed

Expert advisors allowed

Trading instruments

Reviews

152 reviews of hotforex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

I have been trading with this broker about 1 year after attending their seminar in my city. Hotforex provides various account types and payment methods. You can also trade MT5 here that is not supported widely by many brokers. You may need to use VPS to have the best execution because the ping is pretty high in in volatile time. Anyway, this is a good choice of broker in asia.

I have tested hotforex by trading for more than one and a half year and i can say that the micro account is one of the best possible replacement for small funds traders like us. I am saying it because of the account opening by small amount deposits. The leverage is also good on this account. I have also noticed that the trade execution is quite smooth however due to hotforex spread I always enter the market few points earlier and so is my exit strategy. Payments processing is always on time and does not requires extra struggles. I get them within a week or less whenever i tried.

Just to be fair, this is based on a 7 month trading period, mostly on USD pairs, a mix of scalp and swings from feb of 2020. I can safely say trading has been okay, but not perfect, most scalps on eurusd are okay, good execution and spreads remain very decent for the most part, good response from platforms, mobile platform is pretty handy. Total of 3 withdrawals, all done one time, I wish they had more localized payment options for traders. Pretty much positive over all

I admire this broker's trading processes and there attitude towards for it's clients. My queries are reasonably answered in a timely manner. Trading servers are fast enough. Payment of profits are always in time. Spreads are tight enough to scalping. Limit orders are also met on time.

I was scammed by a local broker and decided to find an international broker and hotforex is among popular one in my region so I picked it. I started with demo account and come to live (zero spread) account in a few weeks. I feel this broker never avoid to reply your questions. During years I been with this broker, I had some struggles and problem like slippage or slow payout but everything were resolved by broker in a few days after emailing or live chat. In addition, this broker has swift payout and it's really a reliable broker.

I consider hotforex is among the top brokers. Currently I have been trading with hotforex for the past two years and i don't found out any bad glitches to report my fellow traders. The trading assets have decent leverage with tight spreads. I get my withdrawal processed within two business days.

I have been trading hotforex for close to a year and 8 months now, live, started with a micro test account last 2018 which i used for testing. Over all experience is good but not perfect, mode of money transfer is skrill, i cant comment much about bank wire due to slow banking system in the country, but skrill comes with conversion fees, and rates are not that great which is understandable but its fast (24-48hrs). Trading environment is decent, most spreads especially on usd and eur pairs are tight and scalping is very doable. Good platform optinos mt4, mt5 mobile etc, crypto trading is offered and its an added plus in my opinion for though into crypto trading. Forex trading in general is gaining popularity around south east asia due to accessibility. The only issue i had was documentation when i first started, they are strict with documents and verification pls do keep that in mind.

The only thing I found essential in my trading career is the rare spread widening, low slippage / no re-quote during news releases. They allowed news trading and scalping too but in a fair manner which clearly states that it is a good broker. Becuase bad brokers does not allows winnings of the traders. So i found out it is a good broker.

I'm not an easy quitter, so I gave them an other chance, but now it's time to move on. Seems it hard to find good brokers.

I knew this broker through a seminar held in my city. Then I research more information and I know this broker is legit or reliable with many traders. I opened a demo account and tried a few weeks. Then I opened a live account , premium (minimum deposit $500) and started trading on major pairs as EUR/USD and cable. Their spreads are good but not excellent but it's a zero commission so it's acceptable. So far, I made steadily income on both trading and PAMM investment at this broker and their payment are always swift both deposit and withdrawal. During holiday it could be delay but it's fine with notification emails. I as an experienced trader recommending this broker.

I was trading with them and was satisfied until they started delaying my order, guess i will have to look for another broker.

Hotforex is the broker with whom i started my trading career in late 2017 where i start trading the demo account. The demo account was easy however i stick to it for a month or two and then i deposited 500 usd for live trading.

Luckily i made some pips on gold in my first trade which make me kinda greedy. It was a micro account but i was not aware of the market conditions and when i shorted with all of the leverage it shocked me because most of my account balance was in negative within the next two hours.

Before getting wiped out i waited for some more time talking to others who referred me trading business but none of them came rescuing me or advising anything. So i took the loss and closed the trades immediately. It was a real disappointment but it was also a turning point for me to decide either learning from the said mistake or just leave trading and withdraw remaining fund back.

There were around 200 usd remaining in my account so i transferred them back into my main hf wallet. I then went to demo trading with a decision to start learning this trading and took it as my career. Although that was hard track yet i opened a new demo account for learning. Many demo accounts were blown but it enhanced my patience and i after spending more than one year learned the trading mechanism. 2018 was a challenging start when in june i started live again with many hopes and since onward i am making good profits.

I did not trade whole day sitting on computer. I have pips plan ahead of my trading month which i strictly follow. I do not chase the prices and wait for the sweet spots to occur. While everyone in my friends were shorting the gold a few days ago i was the only one among them profiting by making long.

The things i like the most about hotforex is that it allows convenient trading maybe because of the userfriendly MT4. All i have to put the orders, stop losses and take profits now and believe me i hardly regreted because most of the orders are met accordingly. Some of them are also manually closed if i am sitting on computer to watch my setups.

When I started trading with them few months ago, everything seemed to be fine. I was doing news trading and started to be successful. But now execution speed dropped so much that I can't do it anymore. I guess they delay my orders.

I have trying to make withdrawal money but they are pleased me to contact support and they are telling me that I need to upload my passport and wait for confirm. Withdrawal is to complicate.

I had recently opened live account with hotforex. Previously i was prcticing the demo trading which gave me some confidence going to trade live. Therefore i opened the live micro account in july and since I have been trading this live account. The leverage is quite reasonable to push account profits. I am trading micro lot every day and my only objective is to remain on breakeven if the profit target is not hit. The execution is easy and stop loss is always triggered on a bad day. I did two or three withdrawals which were processed easily, now i am not going to withdraw and built this account into a big one. This is my target and i believe that i can be able to achieve this easily.

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WHAT IS HOTFOREX DEMO ACCOUNT? IS HOTFOREX RELIABLE?

You may have heard about hotforex broker, right? They should be hearing some good things as well as bad stuff right now. And you don’t know what’s true and what’s not. Well, in my opinion, the best way to make sure is that you try out hotforex for yourself. “but mr. Draghi, I could lose money when try trading there.” that’s what you’re thinking now, right? Actually, there is a free way for you to do it. That is using hotforex demo account.

With hotforex demo account, you can try as many things as you’d like to know about hotforex without paying anything. In this article, I will analyze the strengths and weaknesses of hotforex demo account for you. To know more about hotforex, read our hotforex reviews.

ADVANTAGES OF HOTFOREX DEMO ACCOUNT

Yes, everything on this demo account is free. It’s a demo, so of course it has to be free. The main purpose of this account is for you to decide whether this broker’s features suit your trading strategy and needs. Therefore, it has to be free.

REAL LIFE TRADING CONDITIONS

You will get to experience what to be like trading in a real market. Everything works just like how it would in common forex conditions.

GREAT PRACTICE OPPORTUNITY

Hotforex demo account doesn’t have a time limit. You can open this account for as long as you like. This is a really good chance for you to get used to the features of the forex platform, such as opening or closing a position, set up stop loss, take profit… the more you are used to the platform, the faster you can perform in real life. In this market, time is money. In my opinion, this feature is the best.

UNLIMITED FOREX STRATEGIES

Since this account is free and unlimited, you can try out new strategies that you’ve come up with here. You may think of a new trading tactic and want to test its profit rate and risk score but don’t want to spend too much on it. Hotforex demo account is a great place to do that. With this account, the possibilities are endless.

DISADVANTAGES OF HOTFOREX DEMO ACCOUNT

There are always two sides of the coin. Although there are many advantages, you shouldn’t stick to hotforex demo account for too long because:

NO EARNINGS

You’re using virtual money to practice, so anything you earn is also unreal. Spending too much time practicing and realizing you haven’t made anything can be a bad influence to your will.

NO REAL RISK

Since everything in this account is free, you cannot have the sense of being afraid to lose your money. That can lead to the fact you don’t learn risk management, which will affect heavily and negatively your trading career in the future. Risk management is one of the most important qualities of a forex trader.

Therefore, my advice is that you should only use this account to get used to the platform and features or try out new trading strategies. After that, you should switch to the account made for beginners, micro account, deposit a few in it, and then start trading in real life conditions of hotforex.

THE PERKS OF TRADING WITH HOTFOREX

LOW TRADING FEES

Leverage is changed depending on the accounts that traders choose. At hotforex, traders can choose micro account with leverage of 1:500, premium with 1:400, or VIP with 1:300, for UK traders, the leverage is 1:30 max. Spread of hotforex is close and they also provide fix spread for traders who are scalpers or auto traders who make accounts with interbank and their prices.

GOOD TRADING CONDITIONS

The withdrawal and deposit procedure are processed by many methods and techniques because hotforex give the accession to do the paying by credit or debit cards and even bank wire transfers and other services such as skrill, neteller, fasapay, sofort, mybitwallet, ideal and webmoney. They make their payment system more convenient than others’, whose take more steps like approved legal papers and some confirmed information.

SUPPORTIVE TO NEW TRADERS

Their operators can speak so many languages and can be reached by phones, laptops with the applications like skype, email, live chat. The website is updated regularly, almost everyday and they provide the useful information like training sessions, financial reports, charting tools, review. The information is helpful for traders who know a little about trading.

Now, let’s open an hotforex demo account and practice.

Mario draghi

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Open an account

Ideal for traders who want a traditional, spread pricing, currency trading experience

For traders who are seeking ultra-tight spreads with fixed commissions.

Not available on metatrader.

Recommended bal. $25,000, min. Trade size 100K

Active trader program

Cash rebates of up to $10/mil volume traded

Professional guidance from your own market strategist

Reimbursement of any bank fees on all wire transfers

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What are the differences between a demo and live account?

How does FOREX.Com make money?

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Contracts for difference (cfds) are not available to US residents.

FOREX.Com is a trading name of GAIN global markets inc. Which is authorized and regulated by the cayman islands monetary authority under the securities investment business law of the cayman islands (as revised) with license number 25033.

FOREX.Com may, from time to time, offer payment processing services with respect to card deposits through its affiliate, GAIN capital UK ltd, devon house, 58 st katharine’s way, london, E1W 1JP, united kingdom.

GAIN global markets inc. Is part of the GAIN capital holdings, inc. Group of companies, which has its principal place of business at 135 US hwy 202/206, bedminster, NJ 07921, USA. All are separate but affiliated subsidiaries of stonex group inc.

Hotforex

Trading instruments somewhat limited

Banking options limited

No real promotions

Min deposit

Max leverage

Mini account

Bonus

Platforms

Withdrawal options

Review

Comparison

Review

Introduction

Hotforex has been around since 2010 when it was started in mauritius. They are a leader when it comes to providing forex services online, as well as being a worldwide CFD broker. They place an emphasis on their customer.

Currently, there are a number of jurisdictions in which the broker is regulated in, including the cyprus securities and exchange commission (cysec), the financial service provider from the financial sector conduct authority (FSCA) in south africa, and the financial services commission (FSC) in mauritius.

They have won numerous awards since they started their business operations, including being part of the top 100 companies list that was compiled by the world finance magazine in 2017.

On the hotforex platform, there are 27 different languages catered for.

Founded in 2010 in mauritius

Regulated by numerous respected bodies

Winner of many esteemed awards

Trading conditions

One of the key components of hotforex as a broker is to cater for all of the potential needs their customer may have. This is why they have a massively diverse range of account types available for you to choose from, with seven different options on offer, which is extremely high in this sector.

The options available to you are the micro, premium, zero, VIP, auto, hfcopy , PMAA, and premium pro accounts. Each of them has their own strengths and weaknesses, so you need to ensure that in opening an account, you choose an option that best suits your specific needs.

With the micro account, it is suitable for beginners, with a minimum deposit of $50 required, with spreads starting from 1 pips and variable spreads in general. For those looking to minimise fees and spreads, the zero account has raw spreads with 0 mark-up.

This means that you will be dealing with very tight spreads and low commissions. If you are a high roller, the VIP account could be for you as a result of the minimal fees associated with its use and very competitive spreads.

There is a minimum required deposit of $20,000 on this account type. The auto account allows you to copy automatically the advice given by the signals and indicators which are provided from expert analysis systems that have been created at hotforex.

Leverage is going to change depending on the type of account and the type of instrument you are looking to trade.

While often times hotforex has interesting bonuses and promotions running, at the moment they do not having anything of note on offer. In the past for example, if a client deposited 250 USD into his/her approved bonus scheme account he could receive a 100 % supercharge bonus credit of 250 USD. The rescue bonus applied to deposits over 50 USD. If a client deposited 100 USD, he/she could receive 30 USD as part of a rescue program. The rescue program could be used as a stop loss as there is was no limitation in using it for trading. Users were able to receive the rescue bonus after a loss cut. Unfortunately this is not a current promotion, but it may be worth looking out for such bonuses in the future.

6 different account types to choose from

Competitive spreads

Flexibility of options

Products

In terms of the trading instruments offered by hotforex, you can deal with everything from cryptocurrencies, forex, metals, indices, shares, energies, commodities and bonds.

There are more than 50 different currency pairs available and they currently have 53 different shares available as part of their offering.

53 shares available to be traded

Over 50 currency pars to be traded

Regulation

Under their official name of HF market group, they are regulated in a number of different territories.

They are a cypriot investment firm (CIF) and are regulated by the cysec (license number: 183/12). They are regulated by the FSC of the republic of mauritius (license number: C110008214) as well as being incorporated in st. Vincent and the grenadine as an international business company (license number 22747 IBC 2015), they are authorised by the FSCA in south africa (authorisation number 46632), as well as being regulated by the seychelles FSA (license number SD015).

With such wide ranging regulatory bodies approving of hotforex, you can sleep well at night knowing your funds will be kept safe.

Regulated by numerous respected bodies

Platforms

Like a lot of forex brokers, hotforex utilises metatrader as their trading platform. This is ideal for those traders who are well used to using this trading platform and it is quite easy to pick up for those who don’t have any experience using it.

There are many different features and tools available to you as part of this platform which helps to enhance the ability of the trader.

There are many different version of metatrader 4 available with hotforex, including their desktop, multi-terminal, web browser, iphone, ipad, android and general smartphone versions of the trading software.

There is also a proprietary hotforex rapidtrader API available to users which allow traders to get direct market access, as well as being able to conduct automated trading without needing to use the metatrader 4 platform.

Variety of metatrader platforms to choose from

Proprietary trading platform option

Mobile trading

As a result of being a metatrader only platform, you will able to utilise the platforms on ios and android devices, through the metatrader 4 (MT4) app which can be downloaded straight away from either the app store or the android play store. There is also a version for general smartphones that do not fall under the android or iphone categories.

There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps.

Quality mobile offering

Pricing

With hotforex, the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them. There are seven different account types in total.

For the most part, there are variable tight spreads offered at hotforex in addition to their specialised account for scalpers that are fixed spread and the automated trading account which has the same spread prices as interbank.

For their zero account in which there are no spreads, commission is charged at a tiered rate. Generally, for trades sized up to 1,000 there will be $0.08 charged per round turn, $0.80 charged per round turn for a trade size of up to 10,000 and $8 per round turn for trades sized up to 100,000.

The typical spread you can expect for EURUSD is 1.2 pips

Competitive spreads

Variety of pricing models depending on account type

Deposits & withdrawals

There are many different deposit and withdrawal options available for users of the hotforex platform. Mastercard and visa cards are of course catered for in addition to the likes of skrill, american express, neteller, mybitwallet, webmoney and bank transfers.

The minimum required deposit for a bank wire transfer is $250, with the minimum required deposit for all other options being set at $50. Hotforex do not charge any fees for these payment options.

Depositing via bank transfer will take between 2 and 7 working days whereas the other options will have their deposits processed almost instantly. In terms of withdrawals, they will start to be processed within 24 hours after the request has been submitted.

The minimum withdrawal amount is $5 for all options except the bank transfer, with the minimum withdrawal being $150. It will take the bank transfer and credit cards between 2 and 10 working days for withdrawals to be fully processed. Withdrawals made through the likes of neteller and skrill will be processed almost instantly.

Processing times are average

Payment options somewhat limited

Customer support

You can get in touch with a member of the hotforex customer support team 24 hours a day. You have the option of sending an email, talking to a representative via live chat or ringing them over the phone. There are different numbers you need to ring depending on the specific region you are located in.

There are more than a dozen languages catered for through the customer support team and the support is available five days per week. They also have a comprehensive FAQ section in which you will very likely find answers to your questions.

Customer support available 24/5

Comprehensive FAQ section

Research & education

Hotforex have an extensive education section as part of their platform to help their traders as much as possible. They have everything from live webinars to market analysis, general training videos and step by step courses.

All of these resources are available to anyone and they are ideal for those trading out their trading journey and more experienced traders alike.

Noteworthy points

Hotforex has a VPS hosting service if you need it and they have a whole host of trading tools, calculators and market analysis all in one place that will fit all of your needs.

It really is a one stop shop for all of your trading needs, as they look after the needs of their users from start to finish.

They are well respected in the industry and this is reflected by the numerous awards they win each and every year. They are involved with numerous charities, including the likes of unicef and red cross, as well as sponsoring numerous events over the years, such as the 2017 carrera cup.

The platform is easy to use and with more than 27 languages catered for, they cover most of the bases.

Support of numerous charitable organisations

Over 27 languages

VPS hosting service

Conclusion

Hotforex is a one stop shop for all of your trading needs, whether you are new to trading or have many years of experience

They have a great education centre which will allow you to educate yourself on all manners of training, as well as keeping up to date with the latest market analysis.

Their customer support team is always available to help and they have tried and trusted banking options which keep your funds safe and sound. They’re regulated by numerous respected bodies across the world and have competitive pricing across the board through their various account types.

Overall, hotforex is one of the best brokers on the scene today and are definitely a great option if you are looking for a new broker.

Comparison

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WHAT HOTFOREX TRADING ACCOUNT SHOULD YOU OPEN?

Hotforex is a very popular broker in the forex world. This is due to the number of offers and resources it offers. In addition, until today it has maintained a good reputation in the broker market. However, miracles are hard to come by; as such, hotforex live account won’t do anything unless you take the right choices.

For more information about this broker, check out our articles about hotforex review full 2020.

What hotforex live account should you open?

The money does not grow in trees unless you plant a seed. It is always necessary to keep the nest egg in movement in order to increase it day by day, one of the best ways to do it is running in the stock. Somebody will always say “that is for great businessmen who know the market”, but that’s where they are wrong. Even the greatest businessman use brokers to know where to put the money, and why not do so if, for a “small” commission, they put you on the right path. If your goal is to invest in cfds and you are just beginning your journey through the world of finance, there’s no doubt that hiring the services of a broker is the best option as this will guide you through the first steps of the investment and will help to discern between a successful decision and one that can lead to economic losses. Of course, remember that there are risks and money can always be lost.

The big challenge is not deciding whether or not to use a broker, but which of all available in the market is the most convenient since many of these sites lend themselves to scams that end with the theft of hundreds of dollars of people. As we said in the beginning, hotforex has been positioning in the broker market as a reliable option and the different types of hotforex trading account have made it recommendable for most traders.

Hotforex is adjusted to the needs of clients, with different characteristics depending on the investment, the benefits, and the market risk that the client is willing to assume. There are eight different types of hotforex accounts with different trading conditions.

So, what hotforex live account should you open? Is the real question to be considered for this opportunity. In order to determine the best option for investing your money in the currency market with hotforex, its accounts will be numbered for a better understanding of them. So let’s start from the beginning. And I'm talking about hotforex real accounts, not hotforex demo account.

Hotforex micro account

The hotforex micro accounts are for small individual investors, who do not have much knowledge of the swings in the currency market and who want to make minimal investments.

Check more detail micro account here

This hotforex account require a minimum deposit of five dollars and have variable differentials of 1 pip, allows the client a maximum leverage of 1:1000 and a maximum of 150 accounts of this type open simultaneously. In addition, the micro account does not charge commissions and is managed with the trading platforms metatrader 4 and webtrade.

Hotforex zero account

This type of hotforex account requires an investment greater than $100 and a variable difference of zero pips, the maximum leverage in this case is 1:200 and can handle from 60 to 500 accounts of this type according to certain conditions.

Check more detail zero spread account here

Hotforex PAMM account

This is the hotforex PAMM account that follows the zero in order of investment, since it requires a minimum deposit of $250, with a maximum leverage of 1:300. The differentials of the pamm account are of the variable type and of at least 1 pip in forex and something more in other assets. It allows a maximum of 350 open orders simultaneously.

Hotforex premium account

Hotforex offers this type of hotforex accounts for clients who feel more confident regarding the investment of cfds in forex, stocks, and commodities since the minimum deposit is $500. Like the micro account, the spreads are variable, starting at 1 pip. It offers a maximum leverage of 1:400.

Check more detail premium account here

It can handle up to 300 premium accounts simultaneously, and it mainly uses the metatrader 4 and webtrader as its trading platforms and does not charge commissions per client.

Hotforex currenex account

Like the premium option, this hotforex account requires a minimum investment of $500, with a maximum leverage of 1:400, with differentials of the variable type and 0.2 pips minimum, allowing a maximum of 350 open orders.

Hotforex fixed account

This is an hotfores account for experienced investors, designed for traders looking for fixed spreads beyond market conditions. This account requires $500 as a minimum investment and a maximum leverage of 1:400. The difference, in this case, is that the spreads are fixed, and allows a maximum of 300 open accounts.

Check more detail fixed account here

Hotforex auto account

This is a special hotforex account, designed to offer traders with a trading system of any kind, selecting suppliers through the metatrader 4 and webtrader platforms, as well as through mobile apps in an automated way, hence its name. The minimum deposit for this account is also $500, with a maximum leverage of 1:400, and variable spreads of 1 pip. It allows a maximum amount of 300 open orders simultaneously.

Check more detail auto account here

Hotforex VIP account

This type of hotforex account is for large investors who are not afraid to deposit large amounts of money in exchange for even greater profits, but always with a considerable market risk.

Check more detail VIP account here

In this case, a minimum investment of $20,000 is required, with spreads from 0.2 pips, and a maximum leverage of 1: 300. This type of account works on different trading platforms such as metatrader 4, webtrader and mobile trading, with a maximum of 400 simultaneous transactions. With the VIP hotforex accounts, $6 commission is charged per a standard lot of purchase or sale but allows the client three private consultations of thirty minutes with the hotforex senior analyst, stuart cowel, who has more than 25 years of experience in the industry.

Hotforex hfcopy account

Hfcopy is a great tool that allows traders to come together to try and master the market. Individuals can create trading strategies, act as strategy providers, or copy transactions as investor without actually trading or keeping a close watch on market fluctuations.

Minimum deposit: $500 for strategy provider and $100 for follower

Maximum leverage: 1:400

Spread: from 1 pip

Maximum orders at once: 300 orders

Check more detail hfcopy account here

Hotforex advantages

Hotforex is the most security forex broker. In 2019, hotforex is regulated and controlled by the four most reputatious organizations including FCA from the UK, DFSA from dubai, FSCA from south africa and FSA from australia. It means that hotforex focus on many markets such as africa, asia and europe. Its core value is to provide customers the most comfortable experience when trading with hotforex.

Hotforex is famous for precious metals trading as its spread for gold trading is the lowest in the market. For common currency pair, the spreads are from 1 to 1.5 pips which are competitive in the market. It is hardly ever to see a slipperage in hotforex. (sipperge is known as a notification that the market price is considerably changed in comparison with your input price. Sipparage often occurs when there are too many volatilities in the market.)

With hotforex, there is no slipperage because it has the most powerful servers to accomplish your orders within a second. Hotforex has excellent customer care services in asia because it is hotforex’s main market. You can be supported with 24 hours services and available in many languages such as chinese, vietnamese, thai, korean and arabic.

In conclusion, whatever your operational strategy, your level of funds, or your appetite for risk are. Whether if you are thinking about opening a demo or a real account there will be a hotforex live account that fits your needs, you just need to take your chances. So, the cards have been served on the table, make your move and win, then withdraw your profit with hotforex withdrawal system.

Peter pan

Hey, I’m peter pan. I am a writer currently resided in thailand. For my forex experience, I have been trading with many forex brokers from all over the world for 5 years now. I hope that my articles about forex brokers can help you succeed in this market just like me.

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so, let's see, what we have: follow our tutorial to open your HF markets live account and discover all the things you can do with it, the accounts, types and a review. Open it now. At hot forex real account