Forex Education

Trading industry knowledge. Learn forex trading, investing in stocks, commodities.

Home » Forex brokers reviews » Page 2

HF Markets Review – Key Findings for 2022

by

HFM Review Overall

HFM (former 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, HFM offers trading assets such as forex, stocks, commodities, and ETFs.

HFM Overall Best broker
  • RANK 99

    10 types of trading products
    Various deposit and withdrawal options
    Zero spreads offer
    Excellent support

  • 100% bonus
VISIT HFM

 

This HFM Review represents a high score (99 from 100), one well-organized brokerage company, where communication, payment options, and payment speed are extraordinary. This broker is well regulated and made considerable improvements in all service areas 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 is registered in St. Vincent and the Grenadines.
  • HF Markets SA (PTY) Ltd is registered in Johannesburg, South Africa.
  • 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.

HFM broker is the highest-rated broker on our best forex brokers list. See our review:

Who owns HFM?

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

Visit Hotforex and start trading. Get forex bonus!

How does HFM work?

HFM (former 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 HFM an ECN broker? HFM is an ECN broker and STP. HFM 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 HFM a regulated broker?

Though regulatory laws and best safety practices protect forex traders’ investors, some brokers still provide their clients with 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 HFM 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. HFM 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: HFM uses segregated accounts of Major Bank to maintain and ensure its clients’ funds; in the upcoming years, it will become 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 HFM from securing data encryption during online transactions. Insurance: To protect HFM in case of fraud, negligence, and errors, they have an insurance policy for 5,000,000 euros. Compensation scheme for investors: HFM has offered a compensation scheme via FCA for 50,000 GBP and CySEC for EUR 20,000 to its clients.

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

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

hf markets group

Thus, through HFM regulation HK Markets Ltd, the parent company of HFM, 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.

HFM 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.

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

How to open an HFM live account?

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

Open HFM live account


HFM trading platforms

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

 

HFM 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, a 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 and 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 HFM 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 in 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 HFM on MT4?

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

Of course, if you need to know the IP of HFM Servers, you can read the list on 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 access the most relevant and current information. The market overview price can be used to help traders make their final decision.

How to use HFM?

HFM can be used for demo trading on the MetaTrader platform, 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? HFM allows hedging on all accounts as a regulated broker outside the US.

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


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


HFM Trading Accounts specifications

Read how to open the HFM account. HFM 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 multiple 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 HFM? If you want to change leverage on HFM, you need to log in to the HFM members area, select the accounts section, and an option, Actions change leverage level.

Trading accounts types are :

HFM Demo account

Any account you open with an HFM 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 HFM demo account and hotforex live account.

HFM Micro account

This account is available to traders in FSCA, SV, and 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.


HFM Zero account

Every trader with a zero account on the HFM 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.

HFM 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 HFM 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 exceptional benefits. VIP traders typically get a low spread, better execution of trades, personal manager, and special trading conditions.


HFM 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.

HFM 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.

HFM Islamic account

If any position is held overnight, swap or rollover fees are not charged for this account. 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 HFM 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 and 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 HFM positions from expert traders. So if you’re a highly professional and experienced trader, 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 the system 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, withdrawing profits, trades, setting Rescue Volume and Level Percentage Allocation, etc.
On the other hand, smart and experienced traders can select to become Strategy Providers. You have to register as a Strategy Provider while creating a HotForex account in such a case.

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 risking. Unfollow whenever you want. You can set your level for rescue and withdraw your finances anytime.

Advantages of Joining as a Strategy Provider (Becoming Professional Trader)

People with rich Forex trading expertise can open strategy provider accounts 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 many other vital data.

How To Receive HFM Bonus?

HFM Bonus is available only for non-EU clients.

HFM 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. HFM is among the few forex brokers that offer exceptional trading conditions and gifts, which are helpful for the trader.

HFM contests

HFM 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 HFM: 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 HFM, 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 HFM: Certain merchandise branded with HFM, including bags, T-shirts, coffee mugs, caps, umbrellas, etc., is accessible to the traders.

For Partners, HFM offers excellent contests where the main goal is to bring many clients, new deposits, and significant cash flow. One of the most famous contests was the HFM VIP contest.

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

 

HFM deposit and withdrawal

HFM Withdrawal methods (and deposit) are:

  • Bank wire transfer: takes 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 and $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 minor 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

HFM 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.

HFM withdrawal fees

There are no withdrawal fees for all withdrawal methods at HFM broker except Bitpay, where the fee is 1%. However, HFM does not charge for bank wire transactions. Correspondent and receiving banks may charge according to their 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 and 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.)

HFM Card

How to get an HFM 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 an HFM client,  transfer money from the MyHFM 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, more than fifty types of currency pairs can be traded too. For example, you can start selling with HFM on the following instruments: Cryptocurrencies, Indices, Metals, Energies, Shares, Bonds, and Commodities. This platform will be pretty apt if you prefer to try many different options.

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 and facilities for institutional customers and retail customers. They have received many positive reviews from past clients and 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) to clients. HotForex offers its clients more currency pair options, which allows them to grow and expand their portfolios rapidly.

One of their main goals is to continuously verify their status as certified multi-asset brokers. 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 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 make up their clients’ services. Clients can utilize HotForex for various 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. 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 seek 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 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 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 essential to select a service that features the best the industry offers on one simple and convenient site.

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

HFM 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 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

HFM tools

There are specific tools that can be used in conjunction with this platform for successful and profitable trading. For the clients, HFM 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 HFM include an economic calendar, traders board, auto trading, one-click trading, multi-target calculator, pivot points calculator, and Fibonacci calculator.

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

HFM Traders Education

HFM 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, HFM 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. A set containing ebooks and videos will be provided for the training course. 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 HFM.

Trading experience

Many Forex traders interested in using HFM would like to determine the HFM Trading Experience of the platform’s existing users to decide accordingly. HFM claims it is suitable for all traders, from those who just started trading to professional traders with many years of experience. HFM 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.

For a better and more profitable Trading Experience for their clients, HFM offers many research tools, including news, analysis, market reviews, and technical reports. To help traders with an HFM account, HFM Research has a separate website https://analysis.hotforex.com with only research analysis-related information on the Forex market. This research section is managed by three forex experts who are employees of HFM. 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 HFM App is a mobile app that provides trading, market news, and news analysis tools. In addition to HFM account management, it is also possible to access live quotes using the app. The app can be used for all 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.

HFM support

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

A customer support facility is a crucial part of any business, Isn’t it? For example, when you encounter specific problems and issues or have any queries, you must have the option of contacting support. The best part is that HFM 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.

HFM 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 by 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 HFM support team through social media 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 HFM.

The staff on the support desk is easy to contact and very helpful. The knowledgeable support assistants respond to your phone calls quickly. The social media channels 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 HFM allowed in all countries?

HFM 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 HFM.


In Conclusion:

HotForex is a much more secure and well-equipped broker, suitable for 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!


Best Forex Broker in the Philippines of 2022. – Stocks and Forex Brokers

by

In the last decade, Forex trading has become increasingly popular in the Philippines, and more people are trading in Forex from their homes or office. Based on forex trading and information posted on forums, most of the Forex traders in the Philippines prefer to trade in USD currency pairs and currency pairs featuring the Japanese Yen. They also like to trade using the Metatrader 4 platform. While there are many Forex brokers, most of them are based outside the country, and the Philippines’ best Forex Brokers are discussed.

philippinnes image lake

The Best forex broker in the Philippines


The best forex broker in the Philippines is HF Markets because of its excellent support, tight spreads, and 100% forex bonus for Philippine traders. All trades are executed quickly, and customer support is available in the local language. In addition to Forex, HFM customers can trade cryptocurrencies, commodities, and stocks.

VISIT HFM

HFM Overall Best broker
  • RANK 99

    10 types of trading products
    Various deposit and withdrawal options
    Zero spreads offer
    Excellent support

  • 100% bonus
VISIT HFM

You can read more about ranking and brokers on our best forex brokers page.

MT4 platform – best forex trading platform in the Philippines

Based on Google trends available data, MT4 is the most popular Forex trading platform in the Philippines. The main reasons for this are easy to use navigation, excellent execution, the most significant world database of expert advisors, and available indicators.

Regulation of Forex trading in the Philippines

The leading government financial organization is the Banco Sentral Philipinas (BSP), the Philippines’ Central Bank. In 2003, the government established the Securities and Exchange Commission (SEC) to regular the local financial markets and protect the local investors from financial fraud. They are issuing licenses to the local financial companies, including brokers and traders. Trading of Forex in the Philippines is regulated by the SEC for Forex companies based in the Philippines. However, most of the Philippines’ Forex traders use reputed international brokers like eToro, XM.com, and IQ options.


The Philippines trading Legal issues and tips

Forex trading is legal in the Philippines as long as the broker choice is regulated and legal. Some of the country’s Forex traders use a web trader and do not have to download anything to their computer or other trading devices. Others use tools like Metatrader 4 (the most common and the best forex trading platform in the Philippines), Metatrader 5 for computers offered by the top brokers, and apps for Android and iOS phones. It is recommended that new traders start with a web trader and then use Metatrader since they have to spend time learning to use it. More than 60% of retail investors lose their money while trading Forex. Hence traders should be careful and only invest the money they can afford to lose.

Best Forex Brokers in the Philippines

Largest Forex broker ReviewVisit

Min. lot size

Max. leverageMin. depositGrade

HFM		VISIT HFM0.011:1000$199

Capital.com		VISIT CAPITAL0.011:30$2098

Avatrade		VISIT AVATRADE0.011:400$197

FxPro		VISIT FXPRO0.011:500$10096

IC Markets		VISIT IC MARKETS0.011:500$20096

XM.com		VISIT XM0.011:888$594

Best Stock Brokers in the Philippines

The best stock brokers in the Philipines are:

  • Wealth Securities Inc. (WealthSec)
  • Unicapital Securities, Inc. (trade)
  • HDI Securities, Inc.
  • UCPB Securities, Inc (UCPB My Stocks)
  • Alpha Securities Corp. (AlphaSec)
  • AB Capital Securities, Inc.
  • Abacus Securities Corp.
  • A & A Securities, Inc.
  • BA Securities, Inc.
  • Meridian Securities, Inc. (MSiTrade)
  • VC Securities Corp. (VC Trade)
  • COL Financial Group, Inc.
  • RCBC Securities, Inc. (RCBC ezTrade)
  • BPI Securities Corp. (BPITrade)
  • Coherco Securities, Inc. (CohercoTrade)
  • Global inks Securities & Stocks, Inc.
  • Triton Securities Corp.
  • DA Market Securities, Inc. (iTrade)
  • Maybank ATR Kim Eng Securities, Inc. (MakeTrade)
  • Lucky Securities, Inc.
  • AAA Southeast Equities, Inc.
  • AP Securities, Inc.
  • Philstocks Financial, Inc. (Philstocks)
  • Timson Securities, Inc. (Timson Trade)
  • Eastern Securities Development Corp.
  • Investors Securities, Inc. (Investors Online)
  • Optimum Securities Corp. (Optimum Online)
  • BDO Securities Corp.
  • Papa Securities Corp. (P2P Trade)
  • Regina Capital Development Corp.
  • First Metro Securities Brokerage Corp. (First Metro Sec)
  • JAKA Securities Corp.
  • F. Yap Securities, Inc. (2TradeAsia)

The Philippines’ best trading broker is First Metro Sec Pro (stocks trading broker) because it offers  Mutual Funds on its platform. The best advantage is that you do not need to deposit to open an account if you are a Metrobank client for the starter version.

How to invest in ETF Philippines?

To invest in Philippines ETF, you need to find the ticker FMETF ( First Metro Philippine Equity Exchange Traded Fund Inc) and trade this asset. You can trade FMETF on BDO Securities, First Metro Sec Pro, BPI Trade, and COL Financial.

However, if you want to invest in ETF specific industry with small capital (from $100 up to $10 million), you can use the ETF list from HF broker.

 

There are a few excellent ways to ensure you are trading with the Philippines’ top forex brokers. The best way to ensure a thriving trade on the forex market is to trade directly through international brokers. This is an important technique when creating desired results regarding a return on investment. The global market provides ample opportunities, especially for less developed countries. The top brokers in the Philippines include FOREX.com, Interactive Brokers, and FMCM.

The first tip is to understand the Philippines’ forex market background when selecting the right broker. For example, the Philippine Security and Exchange Commission issued an important notice about trading. The advisory encouraged traders to do their research on reputable international traders. This is very important as it allows forex brokers in the Philippines to understand the best ways to protect their investment. Forex trading has a unique component due to its exposure to the current news in the trade country. For example, a Japanese product release can influence the currency in the country. This is an essential aspect of fully understanding how the market operates.

Brokers in the Philippines can take advantage of this knowledge and apply it to their investment to receive a high return. There are countless strategies and tips for brokers when trading on the forex market. Another method for selecting the best forex broker is to trade within a demo account. A demo account is also referred to as a virtual account. These accounts help brokers experience what a real-life trading account is like in the Philippines. Therefore, this allows brokers to select the best brokers to trade with. This helps to build the broker’s understanding of the market. The market encourages brokers to test the waters before starting official trades with domestic or foreign currencies.

FOREX.com is listed as the second-best broker in the Philippines. The main reason for this is its international reputation and appeal. They offer the best trading services in the country and ensure traders engage in high-quality deals. Another top broker in the Philippines is Interactive Brokers. Interactive Brokers have been a top leader in the forex market, specifically in the Philippines and the surrounding countries. They have been able to connect brokers to create reputable transactions. Another top broker is FMCM (most clients use it). FMCM is similar to FOREX.com and Interactive Brokers. They ensure high-quality trades for all users. This protects both brokers on either end of the deal. Therefore the risk for fraud is low.

When considering the best brokers within the Philippines, the broker’s security and information must be kept private. This ensures that the broker’s personal information is kept safe and secure during the transaction. The forex market is generally a reputable and safe place to trade currencies. As a result, these services are known as some of the tops in the entire country.

VISIT HFM

Innovative BSP Regulated Brokers

The BSP is a financial bank in the Philippines. The BSP is known as the central bank for all financial endeavors in the country. BSP stands for Bangko Sentral ng Pilipinas. BSP-regulated brokers are certified. The bank is responsible for ensuring market conditions are fair and abide by local regulations. There are specific regulations that pertain to the forex market. The BSP’s role is to confirm that brokers are licensed. The market operates under the following rules; there are many ways to select a reputable and certified broker in the Philippines. The Philippines is known as a developing forex market.

For this reason, additional regulations and measures are put in place to ensure the developing market is transparent about all transactions. The best advice for selecting a top forex broker in the Philippines is to use the same techniques for finding a broker in other countries. For example, when looking for the top forex broker in any market, traders should always use caution and research independently. By researching a source’s reputation, you are more likely to have a positive and pleasant experience. In terms of background information, the BSP was initiated in 2003. Market reforms mainly determine BSP exchange rates. Market reforms encourage competitiveness and financial growth. This is very important as it keeps the market busy.

Brokers regulated by the BSP are required to follow stringent rules. Some examples of these rules include how much they can trade and the conditions of foreign currencies. Not all of the regulations prescribed by the BSP apply to forex brokers. Therefore forex brokers in the Philippines need to research which rules apply specifically to them. This will enable brokers to trade with a better understanding of how the market works. This can avoid future issues and ensure that each broker is successful in their forex trades.

In certain countries that lack a strong government, the financial market can also plummet. Thus, developing countries like the Philippines need to employ services like BSP. This will ensure that every trader and broker has access to a safe and transparent market. It is essential to spend time researching brokers before making a hasty decision. For example, taking a few extra days to investigate a broker is worth it. If a trader works with a broker before understanding their credentials, they can be subject to a loss.

Therefore conducting the proper research before engaging in any trades is well worth it. Many reputable online sources will confirm or deny if a particular broker is reputable. This helps to save time when seeking access to the highest-quality information. Asking about the broker’s KYC procedures is essential when determining their reputability. Selecting a BSP licensed broker can significantly boost the chances of success. Brokers need to pass identification procedures in the verification process for ultimate success and reputability.

If you are from the Philippines – choose a regulated broker and trade!

VISIT HFM

FxPro Review – Key Findings for 2022.

by

FxPro is one of the oldest and most reputable worldwide forex brokers. In this review, you will get information about bonuses, low forex fees, free deposit and withdrawal options, trading assets, and tools.

What is FxPro?

FxPro represents the leading online CFDs broker launched in 2006 that has its headquarters in the UK. FxPro is the world-leading brand that offers forex, commodities, and equities CFDs worldwide. 

 

The FxPro group owns the company 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 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.

FXPROMost famous broker
  • Rank 96

    Trade Forex, Stocks
    Metatrader App
    Gold trading

  • Instant deposit and withdrawal
VISIT FXPRO

I gave a high rank to FxPro broker in our best forex brokers review.

The leverage ratio can be fixed at 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 methods.

FxPro is 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. Additionally, FxPro is approved and managed by the Cyprus Securities and Exchange Commission and accomplished the “Speculators in People” Standard.

VISIT FXPRO

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 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 company’s reliability. 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 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 available on its 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 their clients’ trades. 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 process. Additionally, FxPro can provide a client-specific form where the client can indicate a US tax identification number.

FxPro Execution, Transparency, and Trading Conditions

The broker firm is a strong supporter of fairness and transparency in forex trading. FxPro has made efforts to eradicate conflicts 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 the cTrader platform. FxPro is dedicating four platforms for smartphones. You can select the web trader platform and the MT4 platform offered by FxPro.

Fxpro has an excellent and easy navigation user dashboard. Below is presented my personal FxPro dashboard:

FxPro user dashboard

If you are a beginner concerning trade, then web trader will be the best platform. 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 crowded, and it is also intuitive. The shapes 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.

VISIT FXPRO

 

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 the 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 standard trading platform for the online forex industry. This is contributed by the fact that most brokers in this industry have implemented this trading platform. 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 automatically execute trades depending on trading parameters.

FxPro MetaTrader 5

This is considered a version of MetaTrader 4, which is updated. It is almost the same as MT4 and has 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 toward 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 do more than one task simultaneously. 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 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 more than text. But they have moved one more level and talked through videos, making your job much easier. All these videos are available on their website, using which; you can instantly understand all the basics of forex. 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, and 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, it is acceptable to most traders.

VISIT FXPRO

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, and 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 suitable 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 meager commissions, you can use FxPro to trade items and indices.

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 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 responsive and straightforward structure 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 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. You can easily use all indicators and expert advisors for mt4 and mt5 in FxPro Metatrader.

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, so 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. 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 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 withdrawal process 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, there is no minimum withdrawal limit if you use payment wallets, such as Skrill. 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

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 short videos regarding the topic’s basics. The videos aim to improve the overall performance of the trading of an individual. Unlike other forex videos available on other brokers’ websites, the videos also load quickly. The videos also include general strategies for trading and some tips on using the trading platform. 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 rich content from the analysts who 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 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 and OANDA for the content that is forex related.

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 forex traders. 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.

It is a known fact that FxPro offers customer service that is being considered 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 sure that you are reaching the right person for the proper concern. We tried to contact them using the contact us form on the contact us page to check their customer service. And to our surprise, they responded with a prompt response within 20 minutes of our query reaching them. The chat feature 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 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 most 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 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 trader 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

The Best Forex Broker in India of 2022

by

There are many restrictions on Forex trading in India compared to other countries due to many forex scams. Legally Indian citizens can only trade in currency pairs with the Indian rupee as a base currency. Hence citizens can only trade in USD, EUR, GBP, and JPY paired with the Indian rupee. The Indian rupee is the eighteenth most traded forex currency in the world. Citizens can trade in Forex through India’s brokers regulated by SEBI and its three major stock exchanges. However, traders can use foreign forex brokers if they use PayPal, Neteller, or similar methods.

The Best Forex Broker in India

The best forex broker in India is HF Markets because of its excellent support, tight spreads, and 100% for Indian traders. HF Markets has more than 2 million registered clients, and the majority are traders from India.

HFM Overall Best broker
  • RANK 99

    10 types of trading products
    Various deposit and withdrawal options
    Zero spreads offer
    Excellent support

  • 100% bonus
VISIT HFM

How to find a good Forex broker in India?

While there are a large number of Forex brokers, most of the better forex brokers will have the following features:

  • approved by a reputed foreign regulator
  • positive reviews by Forex traders in the market
  • low minimum deposits for trading
  • gives the user maximum leverage while trading
  • fast payment and withdrawal
  • several deposit and withdrawal options


Forex brokers that accept customers from India:

Some of the top Forex brokers that accept customers residing in India are listed below. These brokers do not have any office in India yet accept payment through electronic wallets.

 

List of the Top forex trading companies in India

Largest Forex broker ReviewVisit

Min. lot size

Max. leverageMin. depositGrade

HFM		VISIT HFM0.011:1000$199

Capital.com		VISIT CAPITAL0.011:30$2098

Avatrade		VISIT AVATRADE0.011:400$197

FxPro		VISIT FXPRO0.011:500$10096

IC Markets		VISIT IC MARKETS0.011:500$20096

XM.com		VISIT XM0.011:888$594

Hotforex Forex Broker in India

Hotforex offers a 100% bonus on deposits, and there is no minimum deposit. Hotforex is one of the best forex trading companies in India. The trading platform used in MT4, MT5, and Sirix web-trader. The financial authorities regulate its activities in Cyprus and Dubai. Based in Cyprus, Hotforex is regulated in various countries like the UK, South Africa, Cyprus, and UAE. In addition to Forex, traders can also trade in commodities and stock indices. The minimum deposit required is low at $50, and the leverage is high at 1000:1. It supports the popular and the best online forex trading platform in India, Metatrader 4 and 5.
Forex trading is becoming increasingly popular all over India, especially in metro cities, and many people are making money from Forex trading. These companies are advertising extensively and helping those who wish to invest in Forex; India’s Top 10 Forex trading companies are listed below.

HotForex is probably the most credible forex broker across the economies in the world. It’s regulated by several regulatory and supervisory institutions, including FSCA (South Africa), FCA (U.K.), CySec (Cyprus), and DFSA (Dubai). As the broker operates under these institutions’ continuous surveillance, your money is completely secure with the company. You can access the trader on MT4. The pace of execution of trade is pretty fast.


XM.com Forex Broker in India

XM.com is popular among beginners and experienced traders since it offers a non-deposit bonus of $30, and the initial deposit is only $5. It uses MetaTrader 4 (MT4) and MetaTrader 5 (MT5), Sirix web trader, and Android and iOS. It is regulated in Australia, Cyprus, Belize,

XM is regulated in Australia, South Africa, and Cyprus. It offers protection against a negative balance to traders. In addition to currency pairs, traders can also trade in commodities and stocks. Metatrader 4 (MT4) and 5 (MT5) are available for trading using a desktop, mobile, or web. The multi-terminal MT4 allows the trader to manage a large number of accounts. It requires the lowest deposit at $5, and a leverage of 500:1

 

Accessible markets Forex Broker in India

New and less experienced traders prefer the Easymarkets forex trading platform due to its features like Deal cancellation. The trader can cancel a losing trade within sixty minutes. This platform uses Metatrader 4 for forex trading.

 

Avatrade Forex Broker in India

Avatrade offers a bonus of up to 40% and requires a minimum deposit of $100. It uses the MT4 trading platform. It is regulated by the central bank of Ireland, FSB South Africa.

While there are many forex traders, it is essential to check the broker’s reputation trader and ensure it is regulated by one or more countries’ financial authorities. The deposits should be kept in segregated bank accounts and be insured. The minimum amount for deposit should be less, and traders should be allowed to trade in micro-lots.

Legal issues

Forex traders should be aware that India’s Reserve Bank allows residents of India to trade all forex currency pairs, including the Indian rupee. Since this is not very volatile due to the smaller market size, the profits are usually lower.

Foreign exchange Regulation in India

The forex market in India is regulated by the Foreign Exchange Management Act, 1999 (“FEMA”) and the Securities and Exchange Board of India (SEBI). SEBI is the regulatory authority that monitors and regulates the securities market and the whole trading industry.SEBI is responsible for brokers’ activities and individual investors to ensure that the securities market operates with integrity and transparency without affecting the overall stability of the Indian market.

Security and Exchanges Board of India (SEBI) is the official regulatory body for India’s financial markets. It is issuing licenses to foreign exchange brokers. The three Forex brokerages in India are the National Stock exchange, MCX, and United Stock exchange.

SEBI guidelines for forex trading

Below are presented SEBI guidelines for forex trading that SEBI created to protect traders from a trading scam:

“It has come to the notice of Securities and Exchange Board of India (SEBI) that investors in India are being offered services by various firms through online web portals to trade in a variety of financial products including various types of derivatives, which are apparently traded on overseas platform/exchange. These firms are operating from overseas, but providing/offering services to Indian residents. These firms/entities in order to attract clients solicit their business through various means of communications such as electronic messages, blogs, advertisements, websites, emails, leaflets/pamphlets, apps, calls etc., and also many such entities/portals offer free online registration without complying with the basic Know Your Customer (KYC) procedures and often offer high level of leverage, low brokerage and other incentives for trading on overseas platform/exchange.

Such firms/web-portals/platforms are not supervised by any Regulatory body in India. Further, the inherent complexity of the products offered by such firms/web-portals/platforms may not suit the risk profile of the investors and their excessive leverage can result in significant losses to investors.

In view of above, all investors are cautioned to avoid participating in such unregulated web portals / entities offering transactions in securities (including derivatives) which are executed or undertaken on the terminal of foreign exchanges/platforms. The investors may also note that for any kind of claim/dispute relating to such participation or enforcement of any agreement/contract/claim, etc., the following recourses shall not be available to them:

Rights of investors under bye-laws/regulations of Recognized Stock Exchange(s) and investor protection under Indian securities laws.
Dispute resolution mechanism administered by Recognized Stock Exchange(s).
Investor grievance redressal mechanism administered by Recognized Stock Exchange(s).”

The Best Forex Broker in Qatar of 2022.

by

Qatar is a middle-eastern country and a part of the Gulf Cooperation Council. The country was declared one of the wealthiest economies in the world by the World Bank and IMF. It derives its maximum GDP from exporting natural gas and petroleum. It has one of the largest reserves of natural gas in the world.

qatar city

 

Qatari Riyal is the national currency of Qatar which the Qatar Central Bank maintains. The bank is responsible for dispensing stability in the financial market and regulating the exchange rate of Qatari Riyal (QR) in terms of other currencies. 

The financial market of Qatar has a lot to offer to traders. The market is very active and completely equipped with online brokers who can help you trade in Forex, commodities, stocks, and other securities.

Qatar brokers are regulated by the Qatar Financial Markets Authority (QFMA). Forex brokers who promote brokers in Qatar usually offer Islamic accounts.

The Best Forex Broker in Qatar

The best forex broker in Qatar is Avatrade because this brokerage company offers Islamic accounts, excellent Arabic support, domestic agents, and fast withdrawal. The most significant proof is the large number of clients from Qatar.

Rating you can see on our best forex brokers page review.

AVATRADEBest Islamic Broker
  • Rank 97

    Automated trading
    Ava Options.
    Trade stocks, gold, crypto, forex

  • Web trading

Qatar Stock Exchange

Founded as Doha Securities Market in 1995, it was renamed Qatar Stock Exchange (QSE) after signing a strategic partnership with NYSE Euronext. The QSE is Qatar’s principal stock market, and it aims to provide a platform for all the Qatari companies to raise capital. This will, in turn, provide support to the economy. Also, QSE is transparent with all the financial and capital market information while dispensing it to the public and investors. 

Top Qatar Brokers

Three central regulatory bodies are responsible for checking the working of all the financial and banking institutions, stock market, and brokerage firms. Even after the presence of more than one regulatory body, most forex Qatar brokers are not regulated. This is because of the Islamic Sharia Law that the country follows. But, Forex traders have the option to look for the regulated forex brokers out of the territory. Qatar allows international brokerage houses to provide Qatari nationals or foreign investors trading assistance to trade in the QSE.

Below are the top regulated forex brokers in Qatar:

Largest Forex broker ReviewVisit

Min. lot size

Max. leverageMin. depositGrade

HFM		VISIT HFM0.011:1000$199

Capital.com		VISIT CAPITAL0.011:30$2098

Avatrade		VISIT AVATRADE0.011:400$197

FxPro		VISIT FXPRO0.011:500$10096

IC Markets		VISIT IC MARKETS0.011:500$20096

XM.com		VISIT XM0.011:888$594

 

 

Securities and Accounts

There is a wide range of investment opportunities available for individuals and companies in the QSE. It provides access to market securities to both international and domestic investors. To accommodate these securities’ smooth trading, the trader can choose from different types of accounts. 

Types of securities:

  • Forex

Forex trading is active and legal but not entirely regulated in Qatar. This is due to many reasons, one of them being the firm foundation of the financial market based on sharia law. As the accumulation of interest is prohibited in Islamic law, the QSE imposes very little or no restrictions for forex brokers to be regulated. But the need for forex trading is there to bring in foreign investment. However, the traders who wish to have a sense of security with the acquisition are welcomed by the offshore forex brokerage. Their national law regulates these offshore forex companies. Some of the examples of these offshore forex companies are the Cyprus Securities and Exchange (CySEK), the Caymen Islands Monetary Authority (CIMA), the UK Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC). 

  • Cryptocurrency

Bitcoin or cryptocurrency, or blockchain, is declared illegal by the Qatar Central Bank. The QCB has made it clear to all the banks that anyone found conducting such trading will have to face penalties. This is in view to protect the traders’ interests and secure the functioning of the banking sector. Also, there are incidents of cyber fraud and financial crimes associated with cryptocurrency. Although the country is working towards digitizing the transactions, it does not support cryptocurrency trading.

  • CFD (Contract For Difference)

CFD is a better option for those who do not want to invest much of their capital. In the CFD case, the trader does not get the ownership of the asset (stocks, commodities, indices, futures, etc.) but gets into a contract with the owner of the asset or the bank. The investor’s profit or loss is the difference between the current market price and the market price when entering the contract. The difference between these two prices is paid and received depending upon the trader’s loss of profit. Qatar also offers CFD day trading, which has attracted many traders due to its underlying benefits.

  • Commodity Trading

Qatar’s commodity market is pretty much active. A large part of the commodity trading in Qatar is taken by natural gas.  

Qatar brokers also provide various account types like VIP accounts, gold accounts, demo accounts, starters accounts, and Islamic accounts. Traders can choose from the many options available and start trading with the Qatar broker in the stock market.

For a very long time, Qatar has attracted many investors and traders. Being one of the wealthiest economies, traders invest in its market for suitable returns. However, the market forces are unpredictable, and one must look out for them. The presence of more than one regulatory body safeguards the trader’s interest and provides a smooth and legalized trading environment. As a part of the Gulf Cooperation Council, traders can also access these markets without any barriers.

Due to Qatar’s political disturbances and neighboring countries like Saudi Arabia and UAE, liberal trading has been disturbed. But the Qatar government is working towards getting back the previously established relationship with these countries and bringing back more investment opportunities for the traders and more foreign investment. 

Selecting the Best Qatar Broker

If you compare the present trading time with the past, a much more comprehensive range of options is available in securities and brokers. Once you have decided on the type(s) of securities you want to trade, according to your capital availability and your return expectations, the next step is to look for the best Qatar broker. You cannot just pick a random broker from the market and start trading. Selecting a broker requires expert analysis. Different brokers have different aspects and trading styles. The trader must choose the most suitable one for their planned portfolio. 

The following are some viewpoints of traders that they look for in a broker or brokerage house.

  • Research Analysis

Many Qatar brokers provide traders with detailed research work to educate traders. This helps the trader to understand how the particular market works? What securities are traded in that market? How can the trader enter the market? What are the rules and regulations of trading? And many more. If your broker can give the proper research analysis, you will be able to trade efficiently with all the information in your hand. 

  • Transaction Speed

The movement of funds happens now and then during trading. Be it opening an account, selling and buying securities, paying off fees, etc. Make sure your Qatar broker is efficient enough to move such transactions quickly. The trader can consider a broker who can get done with these transactions within 2 or 3 days as a skilled broker.

  • Experience Level

All the brokers in the market do not start trading simultaneously. Different brokers enter the market at other times. The time spent in the market determines the broker’s level of experience. The level of assistance an experienced broker can provide you cannot be compared to a new broker. His experience level will ascertain how aware he is of the market and how quickly he can respond to any market movement.

  • International Sources

Since trading is done internationally, having only local sources is not sufficient. Your Qatar broker must also have origins in the international market to provide you with facilities like communication, understanding the market trends, getting aware of the international laws of trading, and many more.

  • Regulated 

The involvement of a regulatory body is a must while trading. The regulatory body makes sure that the trader’s funds are put into a separate account from the broker. And that these funds are invested in legal securities and in a legal way. There should not be any misuse of the trader’s funds, and the trader’s interest should be kept safe.

  • History of the Broker

It is always advised to check the working history of the Qatar brokers you have shortlisted. Check how long they have been working in the industry?

If they were ever a part of any misconduct? How would their customers define their experience of working with the broker? Apart from these questions, one can also look for the broker’s turnover, growth in the market, active customers, and many more. 

Spanish language

Spanish language website

Privacy Policy