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Home » Featured Reviews

Hotforex Review – Key Findings for 2022

by Fxigor

Hotforex Review Overall

Hotforex or HF Markets represents a world-renowned CFD broker regulated by high trust FCA (UK Financial Conduct Authority), CySEC, FSC, and DFSA. With more than 2 million accounts, a minimum deposit of $5, and excellent support, Hotforex offers trading assets such as forex, stocks, commodities, ETFs.

Visit Hotforex and start trading. Get forex bonus!

This Hotforex Review represents a high score (99 from 100), one well-organized brokerage company, where communication, payment options, and payment speed are on an extraordinary level. This broker is well regulated and made considerable improvements in all areas of service in the last ten years. Forex.in.rs evaluation rates this broker as the best broker in the market.

HF Group forex (HF Markets Group) consists of the following branches:

  • HF Markets Fintech Services Ltd (headquarters) is registered in Cyprus.
  • HF Markets (SV) Ltd with registered in St. Vincent and the Grenadines.
  • HF Markets SA (PTY) Ltd is registered in South Africa, Johannesburg.
  • HF Markets (Seychelles) Ltd is registered in the Republic of Seychelles.

The trading bonus can use only non-European Union residents. Therefore, potential EU clients can not use forex or any CFD bonus. However, other broker promotions are usually available for all clients.

Who owns Hotforex?

The Hotforex brand was founded in 2010 by the HF Markets group. St Vincent.
Where is Hotforex based? The head office is located in Cyprus, while the other offices can also be found in Grenadines, St Vincent, and Kingston.

How does Hotforex work?

Hotforex works on the ENC/STP model, implying that the trades are passed through third-party liquidity providers to ensure no conflict of interest with the clients and lower spreads. So, is Hotforex an ECN broker? Hotforex is an ECN broker and STP. Hotforex is a company that has won many awards for providing excellent brokerage services to the people investing in CFD and forex trading. This brokerage firm claims to serve more than one million people from various countries trading in bonds, cryptos, indices, currency pairs, and commodities.

hotforex benefits ad

Is Hotforex a regulated broker?

Though regulatory laws and best safety practices protect forex traders’ investors, some brokers still provide their clients’ additional protection through their regulations.

In South Africa, HF Markets SA PTY is regulated under authorization number 46632 by FSCA or the Authority of Financial Sector Conduct (visit our Hotforex review, South Africa)
In Cyprus, European HF Markets Ltd. with license no; 183/12 is regulated by CySEC or the Cyprus Securities and Exchange Commission.
In the UK, HK Markets Ltd is regulated under reference no. 801701 by FCA or the Financial Conduct Authority. To get details about their compliance with regulations, you can use this reference number.
HK Markets Ltd is controlled under license no F004885 by DFSA or Dubai Financial Services Authority in Dubai.

You can get information in this regard from this office. In the Mauritius Republic, HF Markets Ltd is regulated under license number 094286/GBL by FSC or the Financial Service Commission.

In Seychelles, HK Markets Ltd, with license number, SD015 is regulated by FSA or the Financial Services Authority. Hotforex belongs to one of the high leverage brokers in Seychelles.

In the Grenadines and St. Vincent, HF Markets Ltd was incorporated 2015 under registration number 22747 IBC.

Segregation of Client’s Funds: Hotforex uses segregated accounts of Major Bank to maintain and ensure its clients’ funds; in the upcoming years, it becomes bankrupt.KYC: To check financial crimes like money, laundering, etc., it has been made mandatory for every client to submit proof of address and their legal existence. Protection of website: They have used SSL or Secured Socket Layer to protect their trading platforms and website of Hotforex from securing data encryption during online transactions. Insurance: To protect Hotforex in case of fraud, negligence, and errors, they have an insurance policy for 5,000,000 euros. Compensation scheme for investors: Hotforex has offered a compensation scheme via FCA for 50,000 GBP and CySEC for EUR 20,000 to its clients.

Hotforex restricted countries list

  • Afghanistan
  • Belgium
  • Bosnia and Herzegovina
  • Burma
  • Canada
  • Cuba
  • Cyprus
  • Democratic People’s Republic of Korea (DPRK)
  • Eritrea
  • Guinea
  • Haiti
  • Iran
  • Iraq
  • Kosovo
  • Liberia
  • Libya
  • Mauritius
  • Myanmar
  • North Korea
  • Northern Marianna Islands
  • Palestine Occupied Territory
  • Puerto Rico
  • Saint Vincent and the Grenadines
  • Sierra Leone
  • Somalia
  • Sudan
  • Syria
  • Turkish Republic of Northern Cyprus
  • USA
  • Vanuatu
  • Yemen

Is Hotforex a market maker? Hotforex is a regulated broker and has a market maker license, and, in some cases,  acts as a market maker.

Hotforex is a regulated broker that verifies all live account clients, and in the Hotforex platform, each client can upload documents.

hf markets group

Thus, through Hotforex regulation HK Markets Ltd, the parent company of Hotforex, has provided additional protection to its clients. Although various regulatory laws in different countries regulate HK Markets Ltd, it still offers extra security to its clients using the latest protection systems.

Hotforex regulations implemented by HF Markets Ltd to provide enough protection to its customers include:

  • Flexible trading conditions in the platform
  • Tight spot with as low as zero pips
  • It offers multilingual customer support.
  • There are multiple regulations in various parts of the world.

Hotforex Dashboard – rich and excellent user experience!hotforex client area

How to open Hotforex live account?

If you want to open Hotforex live account, please register using the link below:

Open Hotforex live account


Hotforex trading platforms

Hotforex platforms are MT4 desktop, Multiterminal, MT5, MT4 web terminal, iPad trader, iPhone trader, and Android.

 

Hotforex provides the most reliable trading software, including the MT4 platform and Meta Trader 5, which offers the latest technology and tools to make trading more efficient. It also provides excellent trader tools, traders board for analysis, VPS hosting, and Autochartist. MT4 and MT5 are compatible with web terminals and desktop versions, making it easy to manage multiple accounts. In addition, it allows traders to copy trade the PAMM technology, which can be very useful for beginners. Therefore, this is an all-inclusive trading platform that allows all the traders to be the beneficiaries of the tools that will help them advance in their trading.

See the video about the Hotforex PAMM account :

The next benefit of the MT4 & MT5 mobile app is complete account management. Total account management is one of the main advantages of cellular service. Many traders enjoy this benefit as it allows them to stay focused and on track with their trading goals. Order history is another component offered through the application. Order history is the best way to stay organized and prepared for the next trade combined with account management. It is vital for traders to always stay current on trends, patterns, and market values. The mobile app also offers chart analyses. Chart analyses help traders make decisions quicker regarding the status of the market at any given time.

The last main benefit of the mobile platform is utilizing 20 different indicators and multiple time frames. With more than 20 symbols, traders have constant access to the information to make the best decision. All of these benefits are included in HotForex’s services. The MT4 & MT5 version is the most reviewed and celebrated from the service. Many traders have experienced success through the mobile application and recommend it to those beginning to work with the forex market. Traders need to review their experience with new applications that help make the process of traditional trading simpler while on the go. With many different countries, timezones, and business deals, traders can still stay on top of all the latest trends with one click.


How to find Hotforex on MT4?

Hotforex offers MT4 and MT5 platforms, and clients can download media from the website. See the video on How to install Hotforex Metatrader.

HotForex provides clients with the MT4 & MT5 trading mobile platform. This ensures no downloads are required for the client. HotForex is guaranteed to run on all operating systems with all types of devices. The MT4 & MT5 are certified downloadable options. This means that clients can access them on their desktop version. HotForex MT5 is available on Windows PC as well as Apple Mac. The MT4 version is available on Linux, Windows, and MAC. HotForex offers trading platforms for their clients with a range of unique benefits to enhance their experience. The platform also provides free options. Offering a mobile opportunity is one of the most efficient methods for catering to younger traders in the industry. See the video on how to download and install the Hotforex MT4 platform.

Of course, if you need to know the IP of Hotforex Servers, you can read the list from our website.

The HotForex platform can be used on iPhones with the app store’s official mobile device app. This is one of the best ways for traders to work on the go. Some of the basic features of the MT4 app include one-click trading. One-click trading enables traders to complete a deal from anywhere in the world, at any time, with one click. This is one of the most efficient methods for keeping traders engaged and interested in the market, even when busy schedules. In addition to one-click trading, HotForex MT4 mobile app also offers real-time quotes and market overview prices. These two features are paired hand in hand. Real-time quotes ensure that traders have access to the most relevant and current information. The market overview price can be used to help traders make their final decision.

How to use Hotforex?

Hotforex can be used for demo trading on the MetaTrader platform, for live trading on the MT4 platform, HF Copy, and PAMM trading. Clients need to register,  choose one of the trading accounts, deposit money, and trade on various platforms.

Does hotforex allow hedging? Hotforex allows hedging on all accounts as a regulated broker outside the US.

Does hotforex accept US clients? Hotforex does not get US clients. Hotforex is a regulated broker that doesn’t take US clients in any circumstances.


How many forex accounts can you have at Hotforex broker? The unlimited number of live accounts.


Hotforex Trading Accounts specifications

Read how to open the Hotforex account. Hotforex has covered most of the financial markets by providing different trading accounts. This is part of offering a diverse product portfolio because everyone has his preference, and the company is trying to accommodate various user needs by providing various trading platforms. To open an account, you will be required to deposit a minimum of $5, whereas the maximum leverage is 1:1000.

How to change leverage on Hotforex? If you want to change leverage on Hotforex, you need to log in to the Hotforex members area, select the accounts section, and an option, Actions change leverage level.

Trading accounts types are :

Hotforex Demo account

Any account which you open with a Hotforex market allows for a demo account. The good thing with such a statement is that it is not limited to a trial period; hence you can have up to 3 accounts. You will have access to real trading conditions under the MT4 trading platform. Read how to open the Hotforex demo account and hotforex live account.

Hotforex Micro account

This account is available to traders in FSCA, SV, CYSEC areas. The leverage depends on your area. For instance, a limit of 1:1000 is for those under FSCA and SV, while those in the EU will have a limit of 1:30. Trading platforms may also differ depending on the area.MT5 is accessible to FSCA and SV.


Hotforex Zero account

Every trader with a zero account on the Hotforex market will benefit from the variable spread, which begins with 0 pips. It has no markups, and it is available under FCA, DFSA, CYSEC, and FSCA. EU holds leverage of 1:30, and those under DFSA are 1:50. For FSCA and SV, the zero accounts have the advantage of 1:500.

Hotforex VIP trading account

This is similar to zero accounts but is gas more benefits. It is available for those trading under DFSA. The good thing with this account is that you can contact your Hotforex manager directly. However, you will be required to deposit up to $20,000 though it has no markups, and the variable spread starts at 0 pips. The maximum leverage is 1:50.

Trading a VIP account usually implies trading with special benefits. VIP traders usually get low spread, better execution of trades, personal manager, special trading conditions.


Hotforex Auto account

This account is available for both FSCA and SV regulations. With this account, you can access leverage of up to 1:500. The availability of the trading platforms also depends on your location.

Hotforex Fixed Account

This account was available to SV traders with fixed traders, requiring a minimum of $500 deposit. Its leverage is up to 1:400 (none EU clients). However, this type of account is no longer available.

Hotforex Islamic account

For this account, if any position is held overnight, swap or rollover fees are not charged. This option is available in Auto, Micro, Premium, and Zero accounts.

HF Copy Account

To some extent, the HF Copy account is something between a pamm account and an auto account. Here, there can be both providers and receivers. For example, providers will be selling their trading signals, and receivers will be interested in copying/buying others’ trades. As a provider, the minimum initial deposit amount is $500, and it’s $100 for a receiver. Here, the max leverage is 1:400. This account is allowed to trade on the following instruments: Bitcoin, Forex, and Gold.

What is The Program HFCopy?

HF Copy or Copy Hotforex Signals is a mirror trading platform where traders can copy trades from other trading experts. Each trade is a MetaTrader platform is visible, and traders can set risk, trading size and remove signals at any time.

The tool and account HotForex HFCopy can be accessed easily through browsers letting traders work and unite together like allies and help you in eventually mastering the market. This platform is a solution for investors – the platform will copy Hotforex positions from expert traders. So if you’re a highly professional and experienced trader, then you can quickly become a strategy provider while showcasing your knowledge and expertise in trading while charging a performance fee of more than 35%.

However, when your main focus is on the outcome, and you won’t depend on trading strategies, it’s essential to be a follower in such a case. In such a way, you can easily copy strategy from a strategy provider while paying more than 35% for the included services. Beginner traders who just know the ins and outs of the scenario can become followers.

Investment with HFCopy is just as simple as creating an account that can easily be controlled by yourself. You can simply withdraw funds, make a deposit, and close trades according to your requirements.

How does HFCopy work? New to Forex trading can sign up as HotForex HFCopy Follower and use seasoned traders’ experience. You can simply follow a strategy provider the way you like copy strategy and pay the total fee.

You would also get entre account access for monitoring close positions, withdraw profits, trades, set Rescue Volume and Level Percentage Allocation, and so on.
On the other hand, smart and experienced traders can select to become Strategy Provider. In such a case, you have to register as a Strategy Provider while creating a HotForex account.

Advantages of Becoming a Follower (Investor)
Being a follower, you surpass the complexities of trading strategies in the Forex market, and others would do the work for you. Various benefits are associated, such as:

Control of trades at any time. Deciding on how much you’re riskingUnfollow whenever you want, you can set your level for rescue and withdraw your finances anytime.

Advantages of Joining as Strategy Provider (Becoming Professional Trader)

People with rich Forex trading expertise can open strategy provider account while getting a lot of benefits such as:

A performance fee of more than 35% Payments every month showing off trading knowledge and expertise Make the best of automated calculations Have three strategy Forex accounts.

Upon joining as a Forex Strategy Provider in HFCopy, your work would formulate the best Forex trading strategies for self and followers. For details and numbers, you’re simply able to rely on the automated calculation of HotForex HFCopy. This automatically calculates followers’ Rescue Level, Volume Allocation, and a lot of other vital data.

How To Receive Hotforex Bonus?

Hotforex Bonus is available only for non-EU clients.

Hotforex has a bunch of promotions, and bonus offers, such as a loyalty program, a 100% supper charged bonus (minimum deposit to avail this bonus must be $250), a 30% rescue bonus (minimum deposit to avail this bonus must be $50), and 100% credit bonus (minimum deposit to avail this bonus must be $100). Additionally, the platform arranges various trading contests from time to time.

When you make a deposit, you will receive the best bonus of 100% of either credit bonus or cash bonus, which doubles what you had in your trading account. Hotforex is among the few forex brokers that offer exceptional trading conditions and gifts, useful for the trader.

Hotforex contests

Hotforex consistently organizes contests for the traders to win certain items, including cash prizes.

Some of the contests to be organized soon include:

  • Gadget Giveaway contest by Hotforex: A trader is given a free Bluetooth speaker, tablet, or another gadget every month.
  • 2020 Traders Awards: The successful trader will be awarded every month with a reward of $1,000, entry to the Hall of Fame’ of Hotforex, and an obelisk.
  • Demo Contest: Three monthly rewards of $2,000, $1,000, and $500 are given to 3 top gainers of demo accounts.
  • Merchandise of Hotforex: Certain merchandise branded with Hotforex, including bags, T-shirts, coffee mugs, caps, umbrellas, etc., is free to the traders.

For Partners Hotforex offers excellent contests where the main goal is to bring a lot of clients, new deposits, and large cash flow. One of the most famous contests was the Hotforex VIP contest.

Hotforex VIP contest was the contest (before COVID 19) where the main goal was to bring as many new clients, large deposits, and large cash flow so the winners could get huge money prizes (up to $10 000). The first prize was a plane trip to Cyprus and the first-class hotel accommodation.

 

Hotforex deposit and withdrawal

Hotforex Withdrawal methods (and deposit) are:

  • Bank wire transfer: taking between two to ten days depending on the banks involved; the minimum amount is $100, and there is no maximum.
  • Master, Maestro, and Visa cards: The minimum amount for deposit is $5, while the maximum deposit is $7500 for MasterCard, $10,000 for Visa/Maestro card. Typically deposits are processed immediately, yet may sometimes take up to ten minutes. Withdrawal processing with taking two to ten business days
  • China UnionPay: The minimum deposit is $50, while the maximum allowed is $8000. Processing of deposits will take up to 24 hours, while withdrawals may take two to five business days.
  • BitPay: The smallest bitcoin deposit accepted is $5, while the maximum deposit is $10,000. It may take up to ten minutes to process, while the withdrawal time is one to 3 working days.
  • Neteller: The minimum and maximum deposits are $5 and $50,000 respectively, all transactions are processed immediately
  • Skrill: The minimum and maximum deposits are $5 and $50,000 respectively, all transactions are processed immediately
  • WebMoney: The minimum and maximum deposits are $5 and $50,000 respectively, all transactions are processed immediately
  • Fasapay: It processes transactions immediately, with the smallest deposit of $5, a maximum deposit of $5000

Hotforex has confirmed that all the funds and payment gateways are safe. No funds with forex are reported lost or stolen. Multiple options like e-wallet payment, credit or debit card, and bank transfers are accepted for withdrawals and deposits.

Hotforex withdrawal fees

There are no withdrawal fees for all withdrawal methods at Hotforex broker except Bitpay where the fee is 1%. However, although Hotforex does not charge for bank wire transactions.  correspondent and receiving bank may charge according to their own fee structure.

No fee is charged for deposits and withdrawals, and most transactions will be processed within ten minutes. Time taken for processing withdrawals is 24 hours, and the payment processor may charge a fee. The withdrawal method should be the same as the deposit method. Transactions by third parties are prohibited. All withdrawals should be submitted before 10 am server time if processed on the same working day. The payment, deposit methods are listed below.

Deposits can be made through e-wallets, online payment processors, Bank transfers, and credit cards. Traders also have access to instant withdrawal and deposits. The platform accepts different withdrawal and deposit methods like Mastercard, Visa, Bitcoin, Wire transfer, Union Pay, Fastpay, Neteller, Webmoney, and Skrill. (Payments providers are: Astrobank Limited, BG? BNP Paribas SA, CSC24 Seven.com, Eurobank Ergasias A.E., Eurobank Cyprus Ltd, Ecommpay (Ecommpay Mauritius regulated by FCA), Neteller, Safecharge, Skrill, TrustPay.)

Hotforex Card

How to get a Hotforex card?
The HotForex Spark debit card allows its owners to use their funds for shopping or ATM withdrawals. All you have to do is to become a Hotforex client,  transfer money from the MyHotforex balance to the HotForex debit Spark card balance, and you can instantly use it everywhere Mastercard is accepted.

HotForex Instruments

The platform currently accepts more than 150 types of instruments. What’s more, there are more than fifty types of currency pairs that can be traded too. For example, you can start selling with Hotforex on the following instruments: Cryptocurrencies, Indices, Metals, Energies, Shares, Bonds, and Commodities. If you prefer to try many different options, this platform will be quite apt for you.

HotForex is a top award-winning platform for forex trading. They are known as one of the most reputable forex brokers online. HotForex serves as a commodities broker as well. They provide extensive trading services as well as facilities for institutional customers and retail customers. They have received many positive reviews from past clients as well as positive feedback from the forex market. Their main goal is to provide clients with a range of options for trading. They offer their trading instruments (also known as products) for clients. HotForex offers its clients more currency pair options, which allows them to grow and expand their portfolio rapidly.

One of their main goals is to verify their status as certified multi-asset brokers continuously. HotForex is currently recognized as a successful multi-asset broker for its broad range of clientele. It is also important to note that their trading instruments are continually expanding and growing as the company advances. This means there are more and more opportunities for clients to benefit from and experience.

Some of the main assets used on HotForex are cryptocurrencies, metals, forex, commodities, and bonds. These are some of the main elements that help to make up their services for clients. Clients can utilize HotForex for a range of reasons, from trading Bitcoin to trading gold. Some of the most popular cryptocurrencies traded on the market include Ethereum, Litecoin, and more. It is also important to note that HotForex provides top trading conditions for all spot metals without extra fees. Typically there are forex fees associated with trading gold and silver. HotForex offers spot metals in both USD and EUR. The margins are as low as 1% for gold and silver. This is a primary benefit when trading with HotForex. As stated previously, they are an award-winning platform with the skills ad experience to help clients receive the most out of their trades.

Some of the other most common trading instruments include oil. HotForex offers spot and futures contracts for the oil and gas sector. This is very important as many clients are seeking to invest in these industries. Some of the most common types are Brent and Crude oil. They offer clients small margins, which benefit the client in terms of overall trade and investment value.

Bonds are also an essential aspect of HotForex’s service. Bonds are used for trading during different types of foreign transactions and exchanges. Bonds can be in the form of USD, EUR, GBP, and more. The global economy utilizes bonds and trades them regularly. HotForex helps clients to understand how this process is accomplished. Trading bonds is a fundamental and widely-used financial instrument. Overall, the platform has pleased many clients and encouraged them to utilize the service time and time again. It is important to select a service that features the best the industry offers on one simple and convenient site.

Does Hotforex have NASDAQ? Does HotForex offer Nasdaq? Hotforex offers NASDAQ for all clients. Hotforex offers great trading conditions for the NASDAQ, Dow Jones, DAX, S&P 500, and indices. So, does Hotforex have nas100? Hotforex has a NAS100 index.

Hotforex spread

If you are now eager to start trading with HF, you must need a clear idea about their spread. According to this platform, their spread roughly starts with one pip for all types of accounts (except zero). For none-ECN accounts like EUR/USD, the spread is 1.2 pip. For your quick reference, a spread table is given below.

AUD/USD – 1.5

EUR/JPY – 1.7

USD/JPY – 1.7

GBP/USD – 1.8

USD/CAD – 1.9

USD/CHF – 1.9

GBP/JPY – 3

Hotforex tools

There are specific tools that can be used in conjunction with this platform for successful and profitable trading. For the clients, Hotforex offers some of the following tools to be used — Trade Terminal, Connect, Session Map, Sentiment Trader, Mini Terminal, Excel RTD, Correlation Matrix, Market Manager, Correlation Trader, MT4 & MT5 Indicator Package, Tick Chart Trader, and much more too.

Other available tool/feature options for HF or Hotforex include an economic calendar, traders board, auto trading, one-click trading, multi-target calculator, pivot points calculator, and Fibonacci calculator.

Hotforex card was an excellent offer that this broker provided to clients in the past. HotForex MasterCard prepaid card is not valid to offer anymore.

Hotforex Traders Education

Hotforex provides Forex educational content for traders of all levels of experience and investment. This educational material is available in the form of instructional videos and eBooks. Realizing that traders with less knowledge will require more assistance, Hotforex provides a comprehensive tutorial for those who have just started Forex trading. Some tutorials are also available for intermediate traders and experts in forex trading. For the training course, a set containing ebooks and videos will be provided. The videos are produced professionally and have quality audio. The ebooks explain the various Forex terms, and many illustrations are provided for better understanding. Most users are delighted with the training provided by Hotforex.

Trading experience

Many Forex traders interested in using Hotforex would like to determine the Hotforex Trading Experience of the platform’s existing users to decide accordingly. Hotforex claims it is suitable for all traders’ levels, ranging from those who just started trading to professional traders with many years of experience. Hotforex has selected a large number of assets for trading. Traders can choose from multiple trading platforms. The research information and reports provided are suitable for Forex traders at all levels.

For a better and more profitable Trading Experience for their clients, Hotforex offers many research tools, including news, analysis, market reviews, and technical reports. To help traders with a Hotforex account, Hotforex Research has a separate website https://analysis.hotforex.com with only research, analysis related information of the Forex market. This research section is managed by three forex experts who are employees of Hotforex. The website has many trading tools and offers Market News, daily market reviews, market outlook, and the economic calendar. Technical analysis, video analysis, special reports, and the economic calendar are also provided for reference.

The Hotforex App is a mobile app that provides trading, market news, and news analysis tools. In addition to Hotforex account management, it is also possible to access live quotes using the app. The app can be used for all types of smartphones, like the iPhone and Android. The app features are trading positions, calculators, traders’ boards, advanced charting, and watch lists. Live webinars and daily market analyses can also be accessed. Traders can conveniently deposit and withdraw funds from their HotForex account using the app.

Hotforex support

Hotforex support offers phone support (+44-2030978571), live chat support, and email support. Usually, there are several operators, and the service is speedy and professional.

Customer support facility is indeed an extremely crucial part of any business, Isn’t it? For example, when you encounter specific problems and issues or you have any queries, you must have the option of contacting support. The best part is that Hotforex has an outstanding customer support facility.

The customer support team is knowledgeable, prompt, and helpful. You can easily reach out to them via the live chat option. In this way, you should contact the customer assistance team if you have any queries or resolve any problems.

Hotforex live chat operates in several foreign languages. When clients use the live chat support (link from the top of the page), they will get a pop-up to choose the option with or without an HF account. Support is professional and ready to open support tickets for advanced user problems.

Live chat can be done in different languages.
Customer support through phone can be obtained at the client’s residence by dialing +44 2033185978 or eight other numbers in China, Russia, Taiwan, Brazil, Indonesia, India, Turkey, and Nigeria. You can send your message at support@hotforex.com or eight other email addresses for different languages and departments through Email. You can meet the Hotforex support team through social media at Instagram.com/HotForex, Facebook.com/HotForex, LinkedIn.com/HotForex, and Twitter.com/@HotForex_Broker, and YouTube.com/HotForex.You can also get customer support by filling the Contact Form available on the page Contact Us’ on the website of Hotforex.

The staff on the support desk is easy to contact and very helpful. The knowledgeable support assistants respond to your phone calls quickly. The channels of social media are updated frequently to keep it active for lots of their followers. The support assistants on Live Chat respond in less than 20seconds to initiate a chat.

Is Hotforex allowed in all countries?

Hotforex accepts clients mostly from all over the globe. But, there are a few territories where the platform is not allowed, such as Sudan, North Korea, Syria, and the US.
If you do not belong to any of these above countries, you can surely use Hotforex.


In Conclusion:

HotForex is a much secured and well-equipped broker, suitable for both new traders and experienced ones. They have the support of over 1 million users and received numerous awards from different intuitions.
Visit Hotforex and start trading. Get forex bonus!


Filed Under: Featured Reviews, Hotforex Review

FxPro Review – Key Findings for 2022.

by Fxigor

fxpro promotion

FxPro Review

What is FxPro? FxPro is the leading online CFDs broker and forex trading platform launched in 2006 and had its headquarters in the UK. The company is owned by the FxPro group and manages and operates the company through various subsidiaries worldwide. FxPro is a company that specializes in offering online services of trading twenty-four hours a day and five days a week to financial markets. A trader can trade with over 250 financial instruments across up to seven varieties of asset classes. FxPro is a company with full service and has a management of six members. They have excellent customer support service with connections and telephones to more than twenty locations. This makes it easier for the traders that are associated with FxPro.

From its name, people may think it is a program only for pro users. But, when you start to use it, you will find that it is for all users, starting from beginners to experts. The leverage ratio can be fixed 1:1 as a minimum, and it can be increased up to a maximum of about 1:500. You can read more about the fxpro leverage policy in the FxPro website section.

FxPro is offering a demo account for the users to analyze whether FxPro is what the users are looking for or not. Established in 2007, FxPro has its headquarters located in London, UK. If you want to trade with FxPro, you need to open an account with at least $500 in your account. The least volume you can deal with FxPro is one micro lot, but you can leverage 500 times your deposited money. FxPro is multilingual with many languages like German, Chinese, Japanese, English, Spanish, etc. Cysec, Asis, Mifid, and FSA have regulated FxPro for trading. FxPro’s minimum deposit is $100 for all payment options.
FxPro approved and managed by the Financial Conduct Authority. The FCA is an autonomous body that is non-legislative yet has statutory forces by the UK’s Financial Services and the Markets Act of 2000. FxPro is approved and managed by the Cyprus Securities and Exchange Commission and accomplished the “Speculators in People” Standard.

Visit Fxpro Broker. Special promotion.

FxPro Regulation:

Is FxPro legit?

Yes, FxPro is a legit broker, and different authorities regulate the company in other jurisdictions.  For instance, in the United Kingdom, the platform is regulated by the UK’s FCA (Financial Conduct Authority) and managed through FxPro UK Limited. FxPro is regulated by the Exchange Commission and Cyprus Securities (license number 078/07), the UK Financial Conduct Authority FCA (registration number 509956), South Africa Financial Sector Conduct Authority (number 45052), and Securities Commission of The Bahamas (SIA-F184). 

In South Africa, the company is regulated and permitted to operate by FSB (South Africa Financial Services Board). In the Middle East, the company has an operation under a subsidiary by the name FxPro Global Markets Limited.

FxPro UK headquarters is located in HQ 13-14 Basinghall str., London, EC2V 5BQ, United Kingdom.

Is FxPro legal in Indonesia?

Yes, FxPro is legal in Indonesia and in 172 worldwide countries. If you try to register at the FxPro website you will see if your country is supported.

FxPro Restricted Countries List

FxPro broker does not accept clients from the following countries:

  • Afghanistan
  • Bosnia and Herzegovina
  • Myanmar
  • Canada
  • Cote d’Ivoire
  • Cuba
  • Democratic People’s Republic of Korea (DPRK) (North Korea)
  • Congo
  • Iran
  • Iraq
  • Liberia
  • Libya
  • Myanmar
  • Northern Marianna Islands
  • Palestine Occupied Territory
  • Puerto Rico
  • Somalia
  • Sudan
  • South Sudan
  • Syria
  • Tunisia
  • Trinidad and Tobago
  • Vanuatu
  • Yemen
  • Zimbabwe
  • United States (USA)

FxPro Reliability

The broker firm has proven to be a reliable and professional company for the years it has been operating. The enormous numbers of users who have signed with the broker firm prove the reliability of the company. The broker firm has also won several recognitions and numerous awards for the high-quality services that it provides its clients. Research shows that there is no other broker company that is close to the achievements of FxPro. As an assurance and further evidence of reliability, traders from the Middle East and the UK are protected by the Scheme of Investors Compensation in the UK and FSCS (Financial Services Compensation Scheme) in the Middle East. Trading with a broker that clients can rely on is essential for success. There are scams and frauds in the industry of forex trading. The broker firm maintains the most extensive regulatory independent database, which is made available on their website. The company has created a 1 to 100 proprietary score of trustworthiness that they call the trust score.

Is FxPro an ECN broker?

No, FxPro is not an ECN broker. We can read on the FxPro website in the section Why FxPro is not an ECN Broker that ECN refers to the anonymous communication between executing counterparties, resulting in no guaranteed fills and worse pricing for the retail trader.FxPro is a genuine No Dealing Desk Execution broker, and it is not an ECN broker! FxPro is not an STP Broker (STP (Straight-Through-Processing). It is a post-execution, post-trade communication process between executing counterparties with minimal impact on the speed or price of execution that a retail trader is offered.

Is FxPro Market Maker?

FxPro broker is a market maker broker because it acts as counterparties to the trades of their clients. As a result, FxPro can profit from setting the bid/ask spread and commissions. In addition, FxPro, as the broker, may benefit from any Client losses.

Read more in our article Is FxPro a market maker?

 

 

Does FxPro accept US clients?

Yes, FxPro accepts US clients as long as they reside outside the US. Clients can confirm their  US tax identification number during the account registration proccess. Additionally, FxPro can provide the client specific form where client can indicate US tax identification number.

FxPro Execution, Transparency, and Trading Conditions

The broker firm is a strong supporter of fairness and transparency in the industry of forex trading. FxPro has made efforts to ensure that conflicts are eradicated between a client and a broker. The broker firm is committed to giving its customers and traders full support and reporting. The company posts its slippage statistics on its websites monthly. In addition, the traders are allowed to select between market execution and instant execution. This is a characteristic that most brokers of forex do not provide. The broker firm also has execution technologies and order matching technology that is upgraded constantly.

How to trade on FxPro?

To trade on FxPro you need to register on the FxPro website, Traders can trade on FxPro using different trading platforms such as Mt4, FxPro Metatrader 5, and cTrader platform. FxPro is dedicating four platforms for smartphones. You can select the web trader platform and the MT4 platform offered by FxPro.

If you are a beginner concerning trade, then web trader will be the best platform for you. This is mainly because; this platform will not confuse beginners with more charts and trend graphs. Another critical aspect of FxPro is that you do not need a downloadable platform in nature, but you can trade with any PC and switch between different platforms with much ease.
Any coin has two sides, and so does the web trader platform. The web trader platform is too much crowded, and it is also intuitive. The shapes that are present in web traders are partially covered and partially not. But, I the user wants to resize the figures, it is also possible. Also, if you’re going to use the cTrader platform, you can quickly switch to it.

FxPro mt4 desktop download

How to download the FxPro program on my computer?

To download the FxPro program on your computer you need to Visit the FxPro mt4 platform download section (FxPro mt4 free download) and download Mt4, FxPro Metatrader 5, and cTrader platform (download FxPro mt4 for pc and mobile).

How to install the FxPro program on my computer?

Run Exe file and follow the app screen. The mt4 platform will be installed very fast and ready to use. Log into the account using your account username, password, and server ID.

FxPro cTrader

cTrader trading platform is developed by Spotware, and it provides an added level of market analysis and access to complete market depth on an impressive and fully customizable user interface.


For the traders that want raw speed to trade with, this is the right platform. It is made for ECN type of trading. It also allows traders to be in a position to access other markets with different rates, such as interbank rates. The other main future of the platform is to support viewing market depth and algorithmic trading.


MetaTrader 4

This is considered a trading platform that is standard for the industry of online forex. This is contributed by the fact that most brokers in this industry have implemented this platform of trading. In addition, numerous traders worldwide prefer this trading platform due to the comprehensive tools and feature integrated into MetaTrader 4. For instance, the platform supports several languages. This feature allows traders to use their preferred language in customizing the user interface. Another powerful feature of MetaTrader 4 is that it supports several types of orders. However, the most vital part of this platform is that it can support automatic trading. With experts, a trader can program MT4 to execute trades depending on trading parameters automatically.

FxPro MetaTrader 5

This is considered a version of MetaTrader 4, which is updated. It is almost the same as MT4 and has got equal strength to MT4. The difference is that MetaTrader 5 has got features that are upgraded. For instance, MetaTrader 5 can support different timeframes. It can also give traders depth information regarding markets.

FxPro Mobile Trading

With the growing ownership of smartphones, it is evident that traders will turn to smartphones for trading in the financial markets. For FxPro to cater to the emerging trend, traders can optimize trading platforms as per their mobiles. The trading apps for mobiles can be downloaded from the Apple App Store or Google Play store with no fee charges. The traders of FxPro can trade directly using their hands and from their hands with the apps installed on their mobile phones.

FxPro Accounts

These markets are geared towards those traders that want to trade the market using their mobile devices or computers directly and do not have to install or download any program or software. One of the advantages and most important features of this platform is that it allows a trader to simultaneously do more than one task. For example, a trader can simultaneously trade, fund, and manage his account from the same screen.

FxPro account types:

Demo Account
MT4 Account
MT5 Account
cTrader Account
Edge Account
VIP Account
Joint Account
Islamic Account

The three significant accounts of FxPro include premium accounts, standard accounts, and demo accounts.
FxPro Demo Account
This account is provided for free at FxPro for the traders that want to try the platforms of FxPro without any expenses. It has a $500000 virtual balance. A trader can access various platforms like MetaTrader 5, cTrader, and MetaTrader 4 (fxpro mt4 download free) using the demo account.
Standard Accounts
The standard accounts have four categories: FxPro markets, FxPro cTrader, FxPro MT5, and FxPro MT4. For FxPro MT4, the minimum deposit is $500, and the leverage is in a ratio of 1:500. The instruments for this account include metals, indices, energies, futures, and forex. It is supported by expert advisors and has market execution. The FxPro MT5 allows a minimum deposit is $500, and the leverage is in a ratio of 1:500. The instruments for this account include metals, indices, energies, futures, and forex. It is supported by expert advisors and has instant and market execution. The features for FxPro are the same as for FxPro MT5 cTrader, which is a leverage ratio of 1:500. The instruments for this account include metals, indices, energies, futures, and forex. It also has instant and market execution. The only difference with FxPro MT% is that it is supported by a robot and allows a minimum deposit of $1000. For FxPro markets, the minimum deposit is $500, and the leverage is in a ratio of 1:500. The instruments for this account include metals, indices, energies, futures, and forex.
Premium Accounts
The premium accounts allow investors that have at least $50,000. The holders of premium accounts enjoy some added benefits that the holders of standard accounts do not want. However, what attracts most in premium accounts is lower spreads, which traders enjoy, especially when they trade using significant volumes.

FxPro offers an ocean of features to assist its traders with which you can make your trading experience much more fun. It is a known fact that images talk a lot than text. But they have moved one more level and talking through videos, which can make your job much easier. All these videos are available on their website, using which; you can understand all the basics of forex instantly. The loading time of these videos is kept under their control so that you can see the videos loading faster than all other websites. While you can have a wide range of trade leveraging options in FxPro, you also have a choice with which you can trade without spending even a penny as a commission. FxPro puts a lot of effort into providing competitive spreads to its users. Technical analysis, reviews from trading experts, news concerning forex are a few of the add ons that FxPro provides. The good news is that all these add ons are available on all the platforms and not just on their websites. Even though FxPro’s features are not unique to it, it is acceptable by most traders.

FxPro Instruments

A trader can trade the CFDs and spot forex with FxPro. The asset classes are market indices, futures, commodities, and stocks for CFDs. So is FxPro suitable for indexes and commodities? Of course – you can trade forex, indexes, commodities, primary USA shares, UK shares. Currently, the markets cover 20 future contracts, two precious metals, 29 market indices, three energy commodities, 70 currency pairs, and over 160 stock types.

Is FxPro good for indexes and commodities?

Yes, FxPro offers the most popular 20 worldwide indices and hard commodities such as crude oil, silver, gold, and platinum and soft commodities such as wheat, coffee, corn, and sugar. Because of fast execution and very low commissions you can use FxPro to trade commodities and indices.

fxpro promotion

FxPro Tools

How does FxPro work? FxPro broker company has a balanced offering regarding its range of markets, trading assets, and pricing options. It caters to those who have developed or those that use trading systems that are automated and beginners. The company provides a standard Windows Mt4 platform and a version of MetaTrader 4 that is web-based and can be accessed through all Java-enabled web browsers. The web-based cTrader platform at the broker firm has advanced charting tools with a smooth layout design. This layout features only narrow spreads with commission-based pricing. The cTrader web version leverages HTML 5 for its structure that is responsive and simple to navigate. It is seamless to move across the platform’s sections and guide the categories possessed by the platform.
The cTrader desktop version runs on Windows 10 smoothly and has a trading functionality algorithmic through its feature of cBots. It also has ideas of trading displayed within the charts as visual targets. In addition, this platform version has more features as compared to the web-based version. The features include equity charts, journal tabs, and trading statistics within the right bottom quadrant’s default layout platform.

Is FxPro compatible with hedging Expert Advisors? Yes, because there are no FIFO rules for FxPro accounts. All indicators and expert advisors for mt4 and mt5 you can easily use in FxPro Metatrader too.

User-Friendly Interface
Customer service is the key to success, and FxPro has understood this to the core. The customer care executives of FxPro are professionals. But, they are also very patient in such a way that they will try to explain things to you even if you ask a fundamental question in layman’s terms. The user interface designed for the registration process is fantastic, as it takes you to a specific place if you forget to fill in some information. You can try fxpro direct. The frustrating part with FxPro is the account verification procedure, as it is somewhat confusing. FxPro allows you to transfer your currency from Skrill (Moneybookers), Paypal, and Neteller online accounts and use your credit card and net banking. It is challenging to improve its trading amount to cross $589 billion, and FxPro has done it very quickly in the first two quarters of 2011.

FxPro Spreads and Commission

There are spreads and commission charges that traders should pay in terms of the cost of trading. The users of cTrader pay a $45 commission per $1000000 traded and the spreads quoted with. The spreads seem very competitive even with the charges on commission. The broker firm’s floating rate model called the spread variable is available on MetaTrader 5 and MetaTrader 4 with 1.39 for those accounts on market execution and 1.56 for those accounts on instant execution. One expects different spreads from FxPro, depending on the instrument. Below are some examples:
• EUR/USD-0.3 pips
• USD/JPY-0.5 pips
• NZD/USD-1.2 pips
• EUR/JPY-0.4 pips
• GPB/USD-0.7 pips
The pricing can be compared to Saxo Bank, FXCM, Forex.com, IG, and OANDA to offer standard accounts. Still, the traders involved in more extensive deposits and higher volumes might want to get more competitive pricing at platforms available on Saxo Bank, FXCM, Forex.com, and IG. Otherwise, the MetaTrader 5 spreads can be compared with those offered by CMC Markets, Plus500, and OANDA, even though there may be differences concerning the execution model and the account type. Generally, with instant and market execution available, a client has more options regarding fees and commission at FxPro, which helps the broker firm cater to various forex traders.

Withdrawals and Deposits Options at FxPro

How to withdraw funds from FxPro?
How to get my money out of my FxPro account? The broker firm has made its platform to support six methods of payment. One can withdraw or deposit using PayPal, Skrill, UnionPay, Credit Cards, Bank Wire Transfer, and Net Teller. Withdrawals take a maximum of a single business day for processing, and they are entirely free. However, the entire process of withdrawal can take up to five days of business to be completed.

What is the FxPro withdrawal limit?
The maximum FxPro withdrawal limit is 1 million dollars for bank wire transfers. The minimum FxPro withdrawal limit is $100  for bank wire transfers. However, if you use payment wallets, such as Skrill, there is no minimum withdrawal limit. The maximum FxPro withdrawal limit for wallets is $25,000.

Promotions and Bonus at FxPro
FxPro bonus offer doesn’t exist currently.
FxPro does not provide any promotional offers or bonuses because of its regulatory requirements currently.

Visit Fxpro Broker. Special promotion.

FxPro Education

There is a trading academy for FxPro, which teaches the forex trading basics to those who are starting and helps them prepare for the challenges involved in trading in the current world of currency markets. FxPro has an extensive video library and provides insightful and short videos regarding the topic’s basics. The videos are aimed at improving the overall performance of the trading of an individual. The videos also load quickly, unlike other forex videos available on other brokers’ websites. The videos also include general strategies for trading and some tips on using the platform of trading. The platform also offers an economic calendar that educates a trader and plans their day of trading. The traders can be in a position to view all reports about the economy.

FxPro Research

The broker firm gives daily updates on its blog. The updates have got content that is rich from the analysts that work for the company. It also has got the news that streams on the platform from the newswire of Dow Jones. In addition, the research at FxPro is robust. The broker firm combines research from various external providers with its in-house research and content and integrates it into its trading platforms. For example, the broker firm has Trading Central, a leading research and news provider that creates automated pattern recognition solutions available on MetaTrader 4 as a plugin and cTrader platform. The company also used to provide Auto Chartist, but it was discontinued in the year 2017. The companies that can be compared to FxPro in terms of the content breadth and in-house research include IG, Saxo Bank, and CMC markets for multi-assets and FXCM providers GAIN, OANDA for the content that is forex related.
fxpro promotion

Customer Support at FxPro

FxPro has comprehensive customer support. The support team is available twenty-four hours, five days a week. They can be reached by mail, telephone, live chat, and other means. The support service is localized and multilingual for the broker firm to handle its diverse base of clients. There are over 30 countries that are currently supported by its customer service on a localized level.
The Pros and Cons of FxPro
Pros
• It has a wide choice of trading accounts.
• The support is localized and comprehensive
• Broad instruments range
• It is regulated
• It has several categories of trading platforms
Cons
• Does not have promotional offers and bonuses
• The process of withdrawal takes a long time
Conclusion
Generally, there is something for every trader at FxPro, which makes FxPro easy for the traders of forex. The features of FxPro are not specifically unique, but they are given and presented in a manner that they are professional and helpful and serve different categories of traders adequately.

Customer – Service

It is a known fact that FxPro offers customer service that is being considered as the best customer service among the forex trading consultants. The bases established by FxPro to provide customer service to its customers are spread across 22 different countries, and you can request a call from them for any support on a 24/5 basis. If you browse the contact us section of the website of FxPro, you can get access to the contact details of all the departments, including their email ids and contact phone numbers. This makes you very much sure that you are reaching the right person for the proper concern. To check their customer service, we tried to contact them using the contact us form on the contact us page. And to our surprise, they have responded with a prompt response within 20 minutes of our query reaching them. The chat feature present on their website also works great with a person always waiting to answer your queries. Even though we tried to confuse the customer care representative with a complex question, the query was transferred to the technical team, and we have got the exact response to our query in no time. This is the fastest ever response that we have ever called from any customer care executive.


My opinion:

Is FxPro a good broker?

Yes, FxPro is a good broker for high deposit traders. FxPro provides many features that are intended for the simplification of the trading experience. Statistics show that the majority of traders invest more than $5000 at FxPro and there are a lot of accounts larger than $100000.

We find their extensive video library engaging as it allows for short and perceptive videos about general topics to improve trading performance. The videos are loaded in no time. The videos are about available trading methods and techniques, not only dealing with the trading platform.
During the FxPro review, the company’s spreads are listed clearly and what we appreciate is the company’s effort to provide competitive spreads. MT4 traders can enjoy trading EURUSD from 0.6 pips spread with the leverage up to 1:500 and fee-free trading. Traders can enjoy comparable spreads with up to 1:500 leverage. In addition, MT4 traders can benefit from the use of expert advisors and fractional prices.
FxPro also provides regular trading tools like Forex news and technical analysis. The majority of these are within each platform and not on the website of FxPro. Finally, it provides classic calculators like a margin calculator, a pip calculator, and a currency converter.
In the end, FxPro’s characteristics are not especially rare and unusual. However, they were displayed professionally and helpfully to help any kind of traders sufficiently.
I like trading platforms, live chat, excellent support, and easy deposit and money withdrawal.

Based on my past research (section about top forex brokers on the ranking list), FxPro is one of the best forex brokers based on visitors’ polls. Last several years, this forex broker has been an example of trust, excellent communication, great tools, and tight spreads.
Visit Fxpro Broker. Special promotion.

Filed Under: Featured Reviews, FxPro Review

Avatrade Review – Key Findings for 2022

by Fxigor

About Avatrade Company

AvaTrade is a company launched in 2006 as a CFDs and online forex broker based in Ireland, Dublin. Avatrade’s slogan is the best forex trading experience. So Avatrade experience is the most crucial advantage of this forex broker. The company specializes in providing trade for commodities, market indices, bonds, Bitcoin, equities, and Exchange Traded Funds. Since the establishment of AvaTrade, the company has rapidly expanded to serve almost 210,000 accounts worldwide. The company executes over two million transactions monthly. It always goes beyond the mark of $60 billion in total value. In this AvaTrade forex review, Avatrade is a company with a customer-oriented focus and a solid financial background, enabling its customers a full range of products and services. This is evident from the diverse trading platforms that AvaTrade avails and has gained support from global support staff available five days a week. Apart from the leading centers in Ireland and Dublin, the company also operates in big cities like South Africa, Tokyo, Sidney, Nigeria, Milan, Ulaanbaatar, and Paris. In this Avatrade Review, we will now analyze the main characteristics of this broker.

AvaTrade Regulations

In 2020., Avatrade won the prize for the Most Regulated Broker.
Ireland’s Central Bank regulates the company with other regulators that are well known, including the Financial Services Commission and Australian Investments and Securities. Is Avatrade safe? Avatrade is a safe and regulated company. The company is regulated tightly in Japan, with several agencies like Japan’s Commodities Future Association, Japan’s Financial Future Association, and the Financial Services Agency. The broker has met the regulatory agencies’ requirements and other trading requirements since it was a beginner until now; it is an experienced trader.

Regulation list :
• The Central Bank of Ireland, (Reference No.: C53877) Avatrade EU Limited
• Japan’s Financial Services Commission – the Financial Futures Association of Japan (License No.: 1574).
• Australia’s ASIC – Australian Securities & Investments Commission (License No.: 406684)
• Worldwide – British Virgin Islands Financial Services Commission

AvaTrade USA – Avatrade is not regulated in the USA.

start trading at Avatrade

Below is the promotion Avatrade video – Avatrade trade with confidence

Is AvaTrade Good? – AvaTrade Reliability

Reliability is among the biggest concerns of traders concerning a broker. This can be associated with the fact that the online trading industry has been associated with scam traders for many years. Beginners are primarily cautious to ensure that the broker they are being associated with is reliable and legitimate. For this broker, reliability is not a concern for traders anymore. AvaTrade has been a broker operating for more than ten years and has established a good reputation in the online trading community as a reliable broker and one with integrity. The broker is also regulated and authorized and complies with even the regulatory requirements that are the strictest. The broker offers its traders an environment that is regulated and safe, which they trade with peace. The company has explicit authorizations and licenses from Jurisdictions like Japan, Australia, South Africa, the European Union, and the British Virgin Islands. AvaTrade has won various recognition awards since the year 2009 for its reliable record and its achievements. Best Customer Support, Best Financial Trading provider, Best Forex Trader, and Best Alert System are just a few of its awards since 2009.

How Does Avatrade Work? – AvaTrade Platforms of Trading

AvaTrade has made several trading platforms for its customers, making it the most beautiful thing about the broker. The company’s customers have got a total of eight platforms of trading to select from addition; the broker has the MetaTrader platform for mobile trading, Mac, Floating spreads, web trading, and MetaTrader 4. The other platforms are the automated trading platform and the AvaTradeAct platform.
AvaTrade platform download
Visit Avatrade Broker. Special promotion.

The platforms are also available for mobile phone devices. The broker supports the technology of iOS and Android as well. The customers or traders have a choice between AvaTradeAct and MetaTrader platforms. To be suitable for beginners, the broker also provides automated trading, which offers tools that can help improve trading profitability for beginners. Those traders who do not have experience in trading can get platforms with automated trading helpable to mirror or copy those trades done by traders experienced. This is also helpful in boosting the beginners’ confidence level, making them engage more in trading activities.


Mirror trader Avatrade

AvatradeGO is a trading tool for mobile trading that is highly customizable and simple, enabling traders to make automatic trades according to their preferred style. For Mirror Trader, the client can mimic traders’ experienced even without access to the computer. The tool allows users to select the amount of trading to be automated and manually controlled. Zulutrade enables clients to convert recommendations of the traders that are experienced automatically into dreading decisions. MQL5 signal service allows a user to access one of the most significant communities of auto trading. It is an account given for free and allows a trader to copy from several signal providers globally after subscription. Finally, API trading is for those clients with solid programming skills, whereby they can develop their customized solutions of trading and link them to the platform of AvaTrader securely.

MetaTrader – MetaTrader 4 is one of the most widely used trading platforms in the world. It is specially designed for a trader’s workplace enabling trading in most currencies and financial markets. It offers all the essential tools for analyzing price variations in different types of financial instruments. You can also use it for creating and using regular trading programs. Visit broker and download platform: Avatrade mt4 download.

AvaTrade investment
Using the Avatrade platform, traders and clients can invest in the things they care about. See the video “Invest In The Things You Love with AvaTrade”:

Avatrade signals – Mirror trader Avatrade – Zulutrade and DupliTrade
Avatrade provides signals to clients in several ways. Clients can connect Avatrade’s account with the ZuluTrade account or DupliTrade or use Metatrader signals directly from the Mt4 platform. You can read more about the Zulutrade platform and automated trading.

AvaTrade Types of Accounts

The broker gives its customers two categories of trading accounts. The first one is a standard trading account, and the second one is a demo trading account. For a client to have a trading account, they have to have a minimum of $100, depending on the account currency. In addition, some accounts are swap-free for the Muslim traders that want to conduct trade as per the Sharia principles.
For the traders that want to possess several accounts, the company provides a Multi-Account Manager account, which comes with extra features. These include the capability to create several accounts of sub-trading simultaneously, all the order types of MT4 like close, limits, and stops, a minimum of 0.01 lots, multiple parameters of allocation, placement of orders for several clients that use unlimited and expert advisors. With this multi-account system, the trashcan can access all information and separate client sub-accounts to manage the accounts sufficiently.
So, the Avatrade minimum lot size is one micro lot.

AvaTrade Trading of Cryptocurrencies

AvaTrade has been providing the trading facility of cryptocurrencies since the year 2013. Initially, AvaTrade traders could trade Bitcoin on the proprietary platform and via the MT4 (MetaTrader 4) platform. However, with the popularity of cryptocurrencies, the company has several other cryptocurrencies in its portfolio of cryptocurrencies. Currently, there are eight cryptocurrency categories that AvaTrade supports. Avatrade Cryptocurrencies list: Ripple, Neo, Bitcoin, Dash, Bitcoin Cash, Litecoin, Monero, and Ethereum.
Trading of cryptocurrencies at AvaTrade entails dealing with financial derivatives like CFDs, unlike other exchanges of cryptocurrencies. A client does not buy and sell using cryptocurrencies but instead uses CFDs to capitalize on the cryptocurrency price. The pros of AvaTrade’s cryptocurrency
Trading with CFDs is affordable and can profit from a rising market and falling market as well. Trades can be leveraged by up to a 1:20 ratio in addition to the facility of leveraging offered by AvaTrade. Avatrade bitcoin trading offer is one of the most interesting in the market.

The Spreads and Commissions of AvaTrade

AvaTrade traders can trade different instruments with spreads that are floating or fixed. Some of the most frequent currency pairs traded spreads include EUR/USD, USD/JPY, NZD/USD, EUR/JPY, GPB/USD, Gold, and others. AvaTrade provides variable, fixed, and floating spreads, which start from 0.8 pips. The spreads of AvaTrade are among the internet broker markets’ most competitivSeveralral categories of availed at AvaTr, including limit orders, stop-loss orders, trailing stops, entry stops, entry limits, and market orders. The funds of clients are stored in accounts that are segregated for security reasons. Spread betting and hedging are allowed. Spread betting is tax-free trading, which entails placing both short and long-spread bets on over two hundred different financial instruments with a leverage of up to 400:1. This is available on the MT4 platform and can be conducted from a standard or demo account. It is exclusively available to Ireland and UK traders.

The Withdrawal and Deposit options at AvaTrade

The company’s trading accounts with debit cards, credit cards, or wire transfers. Other electronic transfers of payment can also be used with AvaTrade through eWallets. These include WebMoney, PayPal, NETELLER, and Skrill. The methods of withdrawal are similar to the deposit methods. For clients to make a withdrawal request, they fill the request withdrawal form via MY AVA and follow a list of instructions. It takes around five days of business for the process of the request to be completed. There are also additional days for the entire process and money to be deposited in the client’s account. For those who want faster withdrawal processes, there is the option to apply for the Ava MasterCard, which cuts the time to withdraw significantly.
Learn more about deposit and withdrawal options and Avatrade credit cards.

AvaTrade Promotions and Bonus

The company provides a welcome bonus for those that sign up for accounts. The range of the prize is between $100 and $10000 as per the deposited amount. The other bonus program is the referral bonus, which is available for all traders. This is offered for every successful referral. Currently, a 40%  bonus is the best promotion and will be provided from 2021. However, there are several conditions and terms which are subjected to withdrawing the bonuses offered.
You need to read more about AvaTrade bonus terms before the bonus request.

The trading bonus can use only non-European Union residents. Therefore, potential EU clients can not use forex or any CFD bonus. However, other broker promotions are usually available for all clients.

There is also a particular program which is the select program of Ava that gives awards to those clients that make a minimum single $100000 deposit or those which go beyond this amount in volume trade with several particular offerings like unique gifts, benefits, dedicated select hotline of Ava, express approvals of withdrawal and education programs that are tailored.


Anyway, before everything checks, AvaTrade bonus terms, and conditions.

AvaTrade Customer Support

Customer support is handled by a multilingual team of support representatives at AvaTrade. The customer support services are available twenty-four hours in five days, ensuring that the traders at AvaTrade get the assistance they need consistently. The traders at AvaTrade can communicate with the support members through email, telephone, fax, live chat, and social media. Among the best characteristics of the customer support of AvaTrade is that its support service is localized. Several localized telephone numbers the traders can take advantage of because of the cheap telephone charges.
Visit Avatrade Broker. Special promotion.

The company commits to offering high-end service. Therefore, they provide impeccable customer support services through Live Chat, email, and local telephone numbers in almost three dozen countries. This makes it possible for practically every trader to reach AvaTrade customer support in their language. AVATrade customer care unit goes online for as long as the markets remain open. It is available for 24×5 hours except for the weekends. Along with corporate-based HQ, AvaTrade has also enlisted contact numbers of more than 20 locations spread worldwide that enable you to reach in your preferred language. Extremely responsive customer services are pretty assistive.

AvaTrade offers clients and customers the most comprehended support system. The website supports various types of languages, such as:
• Spanish
• Russian
• Portuguese
• Japanese
• Italian
• German
• French
• English
• Dutch
• Chinese
• Arabic
Traders can contact the customer support system through:
• Send mails by filling up the contact form
• Live Chat
• Trustworthy
• Telephone (more than 30 local numbers as available in different countries)

Avatrade Education

In addition to the several benefits that a trader at AvaTrade receives, the traders can access a series of online courses, daily analysis, and live webinars. AvaTrade offers education courses through SharpTrader.com and AvaTrade. The information is comprehensive and organized well. It covers several topics like economic indicators, Forex, commodities, and CFDs. A trader is allowed to select between the written courses and the video-based courses. The written course provides a deep analysis of the individual subtopics. The video-based topics cover advanced topics and beginner topics. Also, there are courses on technical analysis, trading tools, trading strategies, and many more. The methods are also applicable to every trader regardless of the market they want to trade or are trading. The company also posts integrated live market news into the platforms of trading.

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AvaTrade education video tutorial on how to use the Autochartist platform:

The Pros and Cons of AvaTrade

The pros associated with the broker company include multilingual support, a generous bonus, regulated brokers’ negative protection of balance, floating and fixed spreads availability, and multiple choices trading platforms.
The cons associated with AvaTrade are; not having the best layout of a website, not having volume discounts, slow process of withdrawal, and FAQ lack of depth.


Avatrade partnership program – AvaTrade affiliate program

Avatrade, like all significant brokers, offers an excellent affiliate program with substantial marketing opportunities where affiliates can use banners in several languages and promote products. In addition, the avatrade referral program provides an excellent rebate commission.

Conclusion

All in all, the company does very well. AvaTrade gives several customizable and stable platforms of trading to its clients. These range from simple platforms like MetaTrader 4, AvaTradeACT to specialized ones like RoboX and DupliTrade. Since clients can access mobile applications, browser-based applications, and desktop applications, it attracts beginners and even experienced ones. Beginners will find the educational opportunities and tools adequately comprehensive to get started. The seasoned traders will also appreciate the vast and flexible catalog of trading tools given by the platform of MT$. In addition, the company provides its clients access to several financial markets, including commodities, individual equities, stock indices, and Forex.

An online broker, AVATrade has expertise skills applied to render award-winning performance and praise services in Forex and Contract for Differences (CFDs). AvaFX, in recent times, has gained a reputation as AVATrader. Many significant awards like “Best Broker,” “Best Forex Customer Service,” and “Best Financial Derivative Trading Provider” are awarded to this popular brokerage service as available from 2009. With the noble aim of providing better and quicker services to the customers, CFD broker and Forex decided to rename themselves despite their prominent presence as maintained in the markets as “AvaFX.” Emanuel Kronitz, Ava Group CEO, said that launching this new brand as a record company’s d in the past company happens to be a significant milestone. She added that it ensures the long-term availability of a dynamic and diversified trading product range, which stimulates vase growth and is the primary driving force.

I like Avatrade and its marketing as well. See this funny video:



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Filed Under: Avatrade Review, Featured Reviews

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