HF Markets ( HotForex) Review
HotForex established in 2010 and successfully operates in Europe, Seychelles and Cyprus for 10 years. Company holds over 30 international trading awards, supports over 27 languages and regulated by Financial Commission Services(FSC) and DFSA, FSCA, FSA. In 2019 the trader received the best referral program award by International Finance Awards and named the fastest growing company by the International Business Magazine team.
HotForex trading assets include cryptocurrency, obligations, indexes, metals, products, bonds, currency pairs and others (150+ assets). Traders funds can be topped up or withdrawn via Bank Cards(Mastercard, Visa), Bank Transfer, Crypto, FasaPay, UnionPay, Netletter, Webmobey, Skrill) with the account currencies NGN, USD,EUR.
• HotForex awarding their traders and partners and has tournaments and contests on the regular basis such Demo contest for newcomers, Traders Awards, VIP partners awards, etc.
• Online courses for traders with webinars and educational video lessons.
• Analytics availability includes Business Calendar, Market Analysis by experts, Autochartist, Stock Exchange, Exchange rates support, Trading signals.
• Variety of affiliate programs within the platform:
A generous one-time commission will be generated for every Qualified Introduced Client. The amount of the commission per Qualified Introduced Client can be up to $650.
Registration referral program (with up to 25 % commission from transactions of the user referred, White label program, representative broker with up to 60 % commission from referred client transaction, country or regional representative program, etc.)
• small deposits availability
• extensive bonus program
• computer, mobile and laptop friendly applications
• commission free exchange for deposits and withdrawals, commissions for exchange of trading
currency covered by the broker
• Market covering worldwide area, except from USA, Canada, Syria, Sudan and North Korea.
• Robust, automated and trust management trading available
• Management Assistant
HotForex offers 6 types of trading accounts for trading individuals on Forex market: MICRO(with minimal trading deposit of 5$, PREMIUM(minimal deposit 100$ and bonus support), AUTO (automated trading account with minimal deposit of 100$, ZERO SPREAD(minimal deposit of $100 with up to 500 orders simultaneously), PREMIUM и PREMIUM PLUS services(PAMM) with minimal deposit of 250$, HF COPY(minimal deposit between 500$ and 100$, bonus support, allowing both trading and investor functions).
For residents of the EU there are also 4 types of accounts:
PREMIUM(with minimal trading deposit of 100$, max simultaneous open orders: 300), ZERO SPREAD (with minimal trading deposit of 200$, max simultaneous open orders: 500 / (*)60 Standard lots per position), HFCOPY (with minimal trading deposit €1000 for Strategy Provider, €300 for Follower, max simultaneous open orders: 300),
PREMIUM PRO (Minimum Deposit: $5000 for Professional Client, $500 for Experienced Retail Client, max simultaneous open orders: 300)
Company trading summary
HotForex is company offers convenient trading conditions for new and experienced traders. To help beginner trainers the company organised extensive training base with educational materials including traders e-cource, video tutorials, educational courses, webinars and demo version of an account. All training support is free. For experienced traders it is recommended to look at analytics and tools provided, including traditional economic calendar, trading calculator tool, market news, Autochartist program, allowing technical analytics and VPS hosting for large size projects. Company support services available via phone calls, e-mail, online chat. Technical support team members speak all common European and Asian languages. HotForex also launched an insurance program to protect client’s investments, allowing to get covered risks of mistakes, negligence, fraud and other risks accruing for up to 5 million euro.
Disclaimer: CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.