HotForex forex broker: Is HotForex A Safe Broker?

Nevertheless, once HotForex paid off its penalties, the company has created a better structure that satisfies all necessary regulatory guidelines for increased investor protection. Insurance – The online financial service understands that traders want to focus on trading without worrying constantly about the safety of their funds. It has therefore protected its liabilities against third parties, including clients, with a €5,000,000 civil liability insurance. This insurance covers negligence, omissions, errors, fraud, and a variety of other risks. The company offers a variety of superior trading tools and free educational resources – live webinars, videos, e-books and the HotForex e-course – to ensure its clients the best possible trading experience. Trading is convenient however i found out that you need to learn it first before you start making money with trading.

This bonus is capped at a maximum of $7,000/Ksh770,000 and when traders make a withdrawal, the bonus amount is removed. Payment methods supported by HF Markets for deposits and withdrawals are bank wire transfer, mobile payments, cards, e-wallets and wire transfers. Here is the summary of the deposits and withdrawal options on HF Markets in Kenya.

The bottom line is that forced lockdowns and rising unemployment left people turning towards alternative ways to spend their time and/or to try and make an income. While some of us turned to 8 week yoga courses or Netflix binging, others decided it was a good time to start learning more about the forex market. To make a deposit you just need to choose your selected payment provider preference, and the one that’s accessible in your region and proceed with the payment. Your deposit will be processed and available within 24 hours during the working week. Various leverage levels are offered starting from a “modest” leverage up to very high ratios. With all its touting of awards and numbers, is HotForex really as legit as it seems?

HotForex is one of the renowned forex brokers in the world, which is popularly known for trading currencies and CFDs. Although the company was started in 2010, it has grown to become a leading forex broker. One of the primary reasons for the success of the firm is its focus on their clients.

Should You Trust HotForex? We Give You The Verdict In This Detailed HotForex Review

But when you are a new client, begin by registering a new myHF account to gain access to myHF area then launch the Demo Account. Neteller and WebMoney – Make instant deposits in the range of $5 to $10,000 using these electronic payment processors. Online Payment Methods – Deposit in the range of $5 to $10,000 using online payment methods such as Bitcoin, Bitcoin Cash, and FastPay. Deposits made through these methods are either instant or may take up to 10 minutes. One Click Trading – HotForex’s advanced one-click functionality makes it possible to place trades with just a click of the mouse.

• Beginner traders have access to a quality educational section at both brokers together with quality research material.
• Neteller and WebMoney – Make instant deposits in the range of $5 to $10,000 using these electronic payment processors.
• HFM Platform Selection ranked Excellent with overall rating 9 out of 10 compared to over 500 other brokers.
• Which is allowing any size or profile trader choose between various spreads and liquidity providers via automated trading platforms and perform any strategy, including News trading.
• HotForex is a Forex broker that is dedicated to increasing its market exposure by offering amazing products and services that are designed with the trader in mind.

As per several HotForex reviews, this platform is committed to offering its clients the best trading conditions for easy trading. HotForex offers six types of accounts for their traders’ specific limefx requirements. Whatever their level of funding, trading strategy, risk appetite, starting from micro account to unlimited volume trading, there is an account to match every trader’s needs.

From the very beginning, you may sign in for Demo Account and then transfer it to a Live one just by depositing money. WikiFX Internet and its mobile products are an enterprise information https://limefx.club/ searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.

Trading Platforms

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your LimeFx objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance.

While typical spreads are listed across the different account types, HotForex fails to show a date range for its data. An average spread for each period would be appreciated because it is a bit of a headache trying to quantify a zero variable spread. That said, typical spreads are listed for the other related account offerings. Traders can choose from six account types, ranging from Micro to Premium, along with accounts with fixed spreads, and one that focuses on copy trading. According to our sources, it’s most likely that the Zero and Fixed accounts are the most popular. Traders of any size or profile can happily access unrestricted liquidity and choose between numerous spreads and liquidity providers.

They have some master level analysis…

The company now offers more than 2,000 high-value physical stocks to invest with, providing them with zero commission. Cyprus-based multi-asset broker HotForex has announced that its exclusive reward program ROFM is back! The reward program is available again and offers new and existing clients the opportunity to earn generous returns up to 3% on their free margin!

As for the commission, there is a $6 per lot commission on the Zero Spread account, while no commission on the other account types. All spreads with HFM are a floating type and scaled with the accounts offered. For example, spreads start from 0 pips on the Zero Spread account, while other account holders have spreads from 1 pip.

The review gives a lot of useful information to help novice and even experienced traders know more about the broker. You can also check Hotforex customer reviews and comments to get a better picture of the broker. We are happy to announce you that HotForex provides you with no restrictions, when it comes to a proper platform. The thing is that the broker offers to the audience not a single, but several software types. Bear in mind that some of these platforms are specially designed for your mobile Forex activity.

Compared with other best forex brokerplatforms, the wide selection of tradable assets is above average for the pricing structure it provides. Both brokers offer traders upgraded MT4/MT5 trading platforms, but XM presents more quality and quantity. HF Markets is multi regulated forex broker that has a local office in Kenya. They accept deposit from Kenyan Traders via mobile money payments.

Beginner traders have notably better resources at HotForex with quality research and educational tools. I’ve seen their platform, and I just don’t think it’s even close to a score of 8. I limefx broker reviews tried to find a good manager there, but their manager listings give you very little help in this. The list is ordered by the total gain percent so far, but you can’t see the timeframe.

Islamic Account

See how HotLimeFxpares to the leading Forex brokers by reading one of the reviews below. To make a withdrawal, go to the myHF area on your account and make a withdrawal request. The process normally takes one to five business days to process depending on the method of payment chosen. For Skrill and Neteller, specifically, it takes about 24 to 48 business hours.

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. HFM is a decent legit broker, and easy recommendation for day trading or swings. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. This bonus is applied to every deposit of $250 and more, which is automatically triggered and calculated. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.

The broker has a good interface with decent supporting apps and platforms, its not lacking at all, though I tend to use third party platforms for charting, its just what im used to. Withdrawals are fast, it says 48hrs, but there are times its processed much earlier. In order for us to investigate the mentioned case, we will require your HF trading account number and the order numbers of the trades you are referring to. Please send this information directly to and the Trading Desk Team will assist you further. On 3 separate occasions I have been stopped out despite market movement going anywhere near my stop loss.

Yes, you can rely on the company as the brokers have a wide range of currencies and services to trade. You can focus on trade and trust on HotForex and you don’t have to get worried about how you can withdraw your profits or funds from HotForex broker. You can withdraw as much as 10 times and they’ll always process the request within 24 hours excluding holidays.

Another rule that ensures the protection of your funds is the need to keep the client funds away from the rest of the company’s operating capital. Also, all companies that are regulated in Cyprus are members of the investor compensation fund, which can pay their clients up to 20,000 euros if the financial firm defaults or gets insolvent. Another great thing about CySEC regulated firms is that all firms are also MiFID regulated which gives the company the ability to offer cross border services.

HotForex and LimeFx maintain upgraded MT4/MT5 trading platforms, but the latter also features cTrader. The Autochartist plugin is available at both, but LimeFx has trading requirements for access to it. Overall, HotForex presents more trading tools, delivering an edge to all traders. Beginners have better research and education at HotForex, and both brokers feature a generous bonus system and support social trading. Active traders will find the trading environment at HotForex notably superior.

However, according to applicable laws and regulations, the conditions vary from one entity to another, see our snapshot of HFM licenses below. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.