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You are here: Home / Archives for Forex brokers reviews / Hotforex Review

Hotforex Christmas Trading Hours

by Fxigor

Hotforex or HF Markets represents one of the most reputable brokers.

At the end of the year 2020. trading hours will be changed based on the holiday working schedules.

Based on Christmas Trading Hours, on 25. December 2020. and 1. January 2021. will be non-working days for hotforex broker, and trading will be closed on those days. On 31. December 2020. trading will be closed a few hours earlier because of the New year celebration.

DateHotforex Trading Hours
24/12/2020Early Closing 19:00
25/12/2020Closed
28-30.12.2020.Normal Hours
31/12/2020Early Closing 19:00
1/1/2021Closed
4/1/2021Opening

Filed Under: Hotforex Review

Hotforex Review – Key Findings for 2021

by Fxigor

Hotforex Review

Who owns Hotforex?
The Hotforex brand is 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, which implies 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

This Hotforex Review represents one well-organized brokerage company’s analysis where communication, payment options, and payment speed are on an extraordinary level. This broker is well regulated and, in the last 10 years, made huge improvements in all areas of service. Forex.in.rs evaluation rates this broker as the best broker in the market.

Review of Clients Safety Regulations of Hotforex

Is Hotforex a regulated broker? Though regulatory laws and best safety practices protect the investors in forex trade through the forex brokers, 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 regulation, you can use this reference number.
In Dubai, HK Markets Ltd is controlled under license no F004885 by DFSA or Dubai Financial Services Authority.

You can get information in this regard from this office. In the Mauritius Republic, HF Markets Ltd is regulated under the 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.

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

Segregation of Client’s Funds: Hotforex uses segregated accounts of Major Bank to maintain and ensure the safety of the funds of its clients, in the case 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 his/her 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 Euro. 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.

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 always 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. Various regulatory laws in different countries regulate HK Markets Ltd; it still offered 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 provides 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, which includes 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. 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 full 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. In combination with account management, order history is the best way to stay organized and prepared for the next trade. 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 they need 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 platforms from the website. See 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 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.

In terms of mobile devices, the HotForex platform can be used on iPhones with the app store’s official 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 their schedules are busy. 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 accept US clients. Hotforex is a regulated broker that doesn’t accept 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 Trading VIP 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 manger, 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?

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, in such a case, it’s essential to be a follower. In such away, you can easily copy strategy from a strategy provider while paying a fee of 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 get controlled all by yourself. You can simply withdraw funds, make a deposit, and close trades according to your requirements.

How does it work?
People who are 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 becoming the 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 be to 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, which is quite useful for the trader.

Contests for traders

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 some other 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 and umbrellas, etc., are given for free to the traders.

Deposit & Withdrawals options

For withdrawals and deposits, multiple options like e-wallet payment, credit or debit card, bank transfers are acceptable. 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.

Bank wire transfer: with take between two to ten days depending on the banks which are involved, the minimum amount is $100, and there 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/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.

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 S.A, CSC24 Seven.com, Eurobank Ergasias A.E., Eurobank Cyprus Ltd, Ecommpay (Ecommpay Mauritius regulated by FCA), Neteller, Safecharge, Skrill, TrustPay.)

How to get a Hotforex card? Hotforex offers Hotforex Spark card, branded Hotforex card. This card can not use all traders from all countries. After registration, you can get information about the card on your dashboard.

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, such as 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 a certified multi-asset broker 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 list of 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 of its 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.

Trader 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 have a detailed explanation of the various Forex terms, and a large number of 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 find out the Hotforex Trading Experience of the platform’s existing users to decide accordingly. Hotforex claims that 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, reviews of the markets, and technical reports. To help traders who have 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. Additionally, technical analysis, video analysis, special reports, and the economic calendar is 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. Some of the app features are trading positions, calculators, traders boards, advanced charting, and watch lists. Live webinars and daily market analysis can also be accessed. Traders can conveniently deposit and withdraw funds from their HotForex account using the app.

Hotforex Customer Support

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 problem.

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. Through social media, you can meet the Hotforex support team at Instagram.com/HotForex, Facebook.com/HotForex, LinkedIn.com/HotForex, 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.

Please register and test the Hotforex platform

Filed Under: Hotforex Review

How to Change Leverage on Hotforex account?

by Fxigor

Very often traders want to know how to increase leverage on the MT4 platform (or decrease). In our recent article How to Change Leverage on MT4 for Different Brokers we gave example how to change leverage for several different forex brokers. So, can I select leverage levels on Hotforex?

Hotforex broker allows traders to change leverage levels. If you want to select leverage levels on Hotforex you need to log in into Hotforex members area, select accounts section, and in option Actions change leverage level. Traders can increase leverage up to 1:1000.

If you are a day trader and you have a lot of trades maybe you will be interested in Hotforex zero spread accounts .
gold trading hotforex ad

As you know Hotforex is one of the most famous forex brokers and they offer even zero spread accounts for day traders.

See the steps below how to change Hotforex high leverage levels:

Go to Hotforex log in page. Enter your username and password:
Log into your Hotforex members area using username and password to change leverage

Go to Hotforex account section and choose option to change leverage:
choose option - hotforex change leverage

In the next step you can see drop-down menu where you can choose new leverage level:
drop-down menu where trader can  choose leverage level in hotforex account

After you set new leverage you need to save and this is it. In your Metatrader account change will be immediately changed.

Filed Under: Hotforex Review

How to Change Password on Hotforex account?

by Fxigor

Hotforex broker is one of the most famous brokers in the finance industry, and more than 1.3 million traders use this broker. Very often, traders can not remember MT4 passwords for their accounts. In the Hotforex platform, passwords can be easily reset.

If you want to change the password on the Hotforex account, you need to log in to the members’ area and enter the “My accounts” section. After that, you go to Actions/Reset password. Then you will be redirected to the new page where you will set a new password.

Let we see these steps on images:
In the first step, you need to log in Hotforex account if you want to reset the password of your MT4 account:
log into Hotforex account to change password of account

In the next step, enter into the “My accounts” section. See picture:
hotforex reset password of mt4 account

In the last step, you will get a page where you can set a new password.

Don’t’ forget the Hotforex bonus:
supercharged bonus hotforex ad

Filed Under: Hotforex Review

Hotforex South Africa Review

by Fxigor

The Hoforex is one of the famous highly recommended regulated brokers. Therefore, in this article, we will present the Hotforex branch review – Hotforex South Africa. It is noted that Hotforex is under the regulation of FSCA, which means that it is a regulated Forex broker. The good news is that Hotforex is under double regulation in essence due to being regulated by the FSCA, which was already mentioned, and the FCA, which is located in the UK.

This Review considers Hotforex as a safe broker for traders in South Africa because it is regulated as a Financial Service Provider (FSP) from the Financial Sector Conduct Authority (FSCA) in South Africa, under the license number 46632. Low spread, small commissions,  and excellent support are the best advantages of this broker.

hotforex broker main facts



Many traders are highly impressed with the trading fee, which is quite low. There are zero deposit charges and zero withdrawal charges. Also, there is the implementation of a one hundred percent bonus.

It is really up to you to decide whether you will engage in using Hotforex. But this broker is reputable due to its ongoing honesty, openness, and well-known transparency that is demonstrated with integrity. The maximum leverage is set at a rate of 1:1000 for each trade. There is only a small deposit required for five dollars. This trading broker was ranked as being number one among fourteen other brokers who deal in Forex.

Hotforex is a broker that deals in Forex as well as commodities. This broker provides service to traders from about two hundred nations across the world. This broker is deeply regulated and boasts over 1.3 million accounts that are both live and registered.

This broker was formed in the year 2010 with the proposed objective to grant clients trading conditions superior. This company has experienced much growth at an impressively fast pace because it promotes a culture centered around pleasing its customers and meeting their needs.

It is interesting to realize that this company has been honored with winning over twenty awards at the international level for its best practices within the industry of trading. It offers client support in twenty-seven various languages, and it has made a strong presence on a global scale. Moreover, it is well renowned as a result of offering spreads that are considered to be tight.

This platform provides the opportunity to trade a wide spectrum of trading elements. It is noted that it possesses an execution rate that is deemed as fast and reliable. It is trusted due to being regulated by institutions that have a good reputation globally, and it is also regulated in South Africa. With this being the case, this broker is permitted to function under the authority of the regulations sanctioned by the Financial Sector Conduct Authority within the nation of South Africa. This is referred to in the abbreviated form as the FSCA.

It does seem to be fairly safe to engage in trading via the usage of the Hotforex platform. The funds are backed with insurance. If there are any occurrences of omissions, errors, fraud, negligence, or other sorts of risks that could result in the loss of finances to the clients, these issues are all under coverage by providing an insurance program by up to five million euros.



There is the segregation of funds. If there happens to be the occurrence of default by Hotforex, the company is not allowed to engage in the usage of the funds of clients because the funds of clients undergo segregation to keep them apart from the expenses of operation of the company.

This broker possesses accounts with key major banks. It is well recognized that Hotforex is known as an international brand. Because of this reality and its strong connections to repeatable banks globally, these elements empower this broker to engage in the provision of liquidity at a high level.

When one is engaging in trading, it is undeniable that it is of utmost importance to consider fees. Every time that the trader conducts some transaction, the broker will apply a fee. Therefore, it is valuable to examine the various fees.
hotforex trading fees info

For instance, the company offers a spread that is lower than a zero account. It is noted that the spread is the amount of money that the broker is paid by the trader whenever the trader conducts a trade. The broker must engage in offering a low spread. Otherwise, the reality is that the costs of the fees for the trader will dramatically increase.

hotforex accounts info

One of the impressive qualities of the Hotforex is that it grants the provision of spreads that are regarded as being the lowest compared to those granted by other brokers that are regulated. In correlation to a currency combination such as EUR/USD, it is realized that the spread possesses a benchmark of about 0.3 pips about a zero account. If an account is premium or micro, then the spread is set at a maximum rate of 1.3 pips.

Hotforex trading instruments:
hotforex trading instruments and pips

In terms of commissions, the company is transparent in this regard. This company’s commission about a zero account is for three dollars, which is noted as being one and a half dollars to conduct the opening of trade and one and a half dollars to conduct the closing of trade for major currency combinations. On the other hand, it is realized that the charge for commissions for standard currency combinations is four dollars.

When it comes to the rollover fees for securing positions overnight, these fees are regarded as the interest paid or earned due to maintaining your position for the overnight period. In Forex’s world, the rollover calculation entails the difference in the interest rates about both sources of currency. Though the rollover fee is not much, traders who engage in long-term trading efforts should be careful to consider the differential of the interest because the rollover fees could become costly for an extended period of time.

Please register and test the Hotforex platform

Filed Under: Hotforex Review

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Risk Warning: Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Trading such products is risky and you may lose all of your invested capital. Before deciding to trade, please ensure that you understand the risks involved, taking into account your investment objectives and level of experience.

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