Hotforex Forex Broker
Accepting a bonus also hot forex registration puts several trading conditions into play, which should be satisfied before making a withdrawal request. I have been trading for past one year now and i can safely say that the pairs offered for trading are reasonable enough to choose the right profitable pair among them. I still count myself as a developing trader so i am only sticking to major pairs for at least one year more. I avoid the CHF one because it is much volatile as compared to others. WIthdrawals does not have much hassles but i try at least one profit withdraw every five days. HotForex offers significant welcome bonus of upto 100% to all new traders looking to sign up with them.
Its mobile trading platform is called HotForex Mobile Application. The decision about which platform to choose will always depend on what a client would like to trade. The specified minimum deposit amount for an account is determined by the payment method you choose. Always consider overnight or rollover fees as trading costs in case you hold an open position longer than a day. Lastly, a fee is charged if you didn’t use your account and show no activity for six months or more.
Hotforex Regulation And Company Information
Last but not least, HotForex’s YouTube channel had some good quality educational videos such as short clips explaining what a Parabolic SAR indicator is. Expanding this category further will help bring it closer to peers. HotForex provides a variety of educational content, which ranges from over 26 articles in its e-course to several ebooks and dozens of videos. I found the content to be okay, a touch above the industry average, when compared to the best forex brokers in this category. HotForex is a MetaTrader broker that offers the full MetaTrader suite with an optional tools package for customers called Premium Trader Tools to enhance the default experience.
All of these resources are available to anyone and they are ideal for those trading out their trading journey and more experienced traders alike. 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. 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. If a client deposited 100 USD, he/she could receive 30 USD as part of a Rescue Program.
We tested the multilingual HotForex team by calling in varying languages. HotForex made an effort to make sure our queries were answered. We tested communicating with HotForex support in multiple languages in multiple countries. We sent messages to HotForex livechat through their app and website and recieved a response within 20 minutes. Having an analytical approach may be a good way to approach trading with HotForex. If General Electric Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars.
Deposit & Withdrawal Fees
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. 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.
Operating under the brand name “HF Markets Group”, HotForex is authorized and regulated by the Cyprus Securities and Exchange Commission . The Company holds a Cyprus Investment Firm license with number 183/12 and also has a Category 1 Global Business License issued by the Financial Services Commission of the Republic of Mauritius. With HotForex, you will appreciate the high definition and high quality educational videos that will help you learn more about the trading world. You will find most of the educational videos are in high-definition and provide a step-by-step guide to teaching you. This HotForex review provides you with a list of how to communicate with the HotForex customer service support. This HotForex review will provide an in-depth analysis on the different features available in the MT5 platform.
In our comprehensive Hotforex review we look into this broker’s account types, their trading fees, platform, ease of deposit & withdrawals, customer support, their bonus offerings & lot more. Hotforex is a well regulated broker (regulated by Top-tier regulators FCA, CySEC, FSCA), so we consider it very safe to deposit funds & trade with them for traders in Nigeria. They serve both retail as well as institutional clients, offering more than 1000+ asset choices including forex trading, and CFDs on commodities, energies, metals, popular stocks, and indices. As a result, HotForex aims to lead the way forward through the usage of cutting edge technology, innovative forex systems solutions, low cost commissions and unrivalled customer service. HotForex is a safe and trustworthy Forex trading broker that provides preventive measures from traders facing financial exposure. HotForex is regulated by four major financial regulators from all over the world, all of which are for separate jurisdictions.
Minimum Deposit: $100
This includes eduction tools with HotForex and externally. So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position.