Best Online Forex Trading Brokers and Platform in Philippines

by Fxigor

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

Hotforex platform – best forex trading platform in Philippines

Based on Google trends available data, it appears that Hotforex is the most popular Forex trading platform in Philippines. One of the reasons why it is very popular is the nice mobile platform features and Ipad trader, Though the minimum deposit required is higher at $50, it allows the members to trade in more than 47 currency pairs. All trades are executed quickly and customer support is available in the local language. In addition to Forex, members can trade in cryptocurrencies, commodities and stocks.

Regulation of Forex trading in Philippines

The main government financial organization is the Banco Sentral Philipinas (abbreviated as BSP) the central Bank of Philippines. 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 Philippines is regulated by the SEC, for Forex companies which are based in Philippines. However most of the Forex traders in Philippines are using reputed international brokers like eToro, XM.com, IQ option.

Legal issues and tips

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

Top Philippines Forex Brokers 2019

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

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

Brokers in the Philippines are able to 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 to selecting the best forex broker is to trade within a demo account. A demo account is also referred to as a virtual account. These types of accounts help brokers to experience what a real-life trading account is like in the Philippines. This helps brokers to therefore 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 they begin official trades with domestic or foreign currencies.

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

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

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 role of the BSP is to confirm that brokers are licensed and the market is operating in accordance to regulations, 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 extra regulations and measures are put in place to ensure the developing market is being 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 on their own. By researching the reputability of a source, you are more likely to have a positive and pleasant experience. In terms of background information, the BSP was initiated during 2003. BSP exchange rates are specially determined by market reforms. 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 very strict rules. Some examples of these rules include how much they can trade and the conditions of foreign currencies. Not all of the rules prescribed by the BSP apply for forex brokers. Therefore it is very important for forex brokers in the Philippines 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 plummet as well. For this reason it is very important for developing countries similar to the Philippines to employ services like the BSP. This will ensure that each and every trader and broker has access to a safe and transparent market. It is very important to spend time researching brokers before making a hasty decision. For example, taking a a few extra days to research a broker is worth it. If a trader works with a broker before understanding all of their credentials, they can be subject to a loss.

Therefore conducting proper research prior to engaging in any trades is well worth it. There are many reputable online sources that 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 are important when determining their reputability. Selecting a BSP licensed broker can significantly boost the chances of success. It is very important for brokers to pass identification procedures in the verification process for ultimate success and reputability.

If you from Philippines – choose regulated broker and trade !

Best Forex Brokers in Middle East

by Fxigor

Forex brokers in Middle-East

When we talk about forex brokerage and trading, we often refer to the western countries. However, there are many countries apart from Europe, North America, Singapore and others where there is a matured and well-developed forex markets. MENA or Middle East and North African countries are also catching up quite fast in this area. Today, MENA is considered as one of the most favored business and trade destinations in the world.

Because of its oil reserves, its role and importance is extremely vital and critical. Further it also is one of the most important global currency exchange hubs in the world. It is therefore not very surprising to note that some of the strongest, powerful and reputed forex brokers are either registered or incorporated in various MENA countries such as Kuwait, UAE, Israel, Tunisia and Lebanon.

If excellent broker wants to be Best Forex Brokers in Middle East than need to be top forex broker in UAE.

Top forex trading companies in Dubai and regulated forex brokers in UAE are :

Hotforex or HF Markets Forex Broker in Middle East

This regulated forex broker has Average Spread EUR/USD around 1.2 and excellent dashboard for all clients and fast deposit and withdrawal options. It has very good regulation worldwide and in UAE and in Europe, Canada etc. Verios platforms, mobile trading, minimum deposit $50 etc. are just part of great conditions that this forex and CFD broker has.

Avatrade Forex Broker in Middle East
This broker works from 2006. It has a lot of Islamic traders and excellent Islamic account conditions. This regulated broker offers spread from 1.3 pips for EURUSD and have fast deposit and withdrawal options.

XM Forex Broker in Middle East
The broker claims to be a specialist for Islamic trading. It means that it pays focus on trading in accordance with islamic law, which basically bans dealing with interest. Here it means that there is no swap interest for overnight positions.
XM offers Average Spread EUR/USD around 1.6 pips. It is FCA Authorised (UK) broker and regulated broker in Middle East. Minimum Initial Deposit is $5. XM has excellent support and desktop and web mobile platforms.

They are innovative and enterprising

It would also be pertinent to mention here that mean in MENA region have rich experience and expertise in trading, launching, investing and other innovative projects. Further, it would also be pertinent to mention here that the currency exchange activities in many of the MENA countries have, over the years, become an integral part of the business profile or the entire region. They are often considered to be the drivers, movers and shakers of forex business in this part of the world.

This perhaps explains the fact that a few MENA countries regularly attract some of the most famous and popular conferences and expos that are totally focused on Forex investment and other such commodity trading activities. Hence, if you are keen on associating with some of the best forex brokers in Middle East, you will not have much of a problem. Apart from crude oil exports, forex trading and real estate activities are quite strong and impressive in many of the middle-east countries. These events attract thousands of visitors from across the world. They include some of the most famous forex traders and brokers from various countries in the west and also from other parts of the world. Many of them use these expos, conferences and events as a meaningful launch platform for the new B2B contacts. This helps them to ensure that the projects get started quite easily especially in these MENA nations.

What makes them so very different?

Though there are thousands or forex brokers across the world, over the years, many brokers in the MENA countries have made a special place for themselves. This is because of their reputation for being safe and reliable brokers. Further, some of the countries in the middle-east also offer reliable and safe business destinations. They also provide comfortable business and trading conditions to all their clients. This includes both private traders and also large sized financial institutions.

There Are Many Traders

Once you have been able to gather some information and gain some knowledge about these forex brokers in the middle-east, you will be able to shortlist and then pick and choose the best based on their expertise, experience and other attributes. However, before taking a decision to do business with them, it would be prudent to take the required inputs and hire them only after going through the right due-diligence process.

HotForex Review – HotForex Forex Broker Bonus

by Fxigor

New hotforex review you can read in our new fresh article.

Introduction

Are you a newbie in a forex trade? Unable to decide how to move ahead? Looking for a quality forex broker who could guide you according to your intellect and temperament apart from the amount of time and money you’re ready to invest? In such a case HotForex is the best option. We’ll discuss in this article the HotForex review briefly.

You can join and register at Hotforex Register as European Union customers and Register as Customers outside the European Union.

Special offer :

This forex broker offers 100% rescue bonus.
Hotforex offers a 100% forex bonus. Full bonus amount withdrawal is possible under the right conditions. Using this bonus all live customers will get protection from Margin Calls and protection Stop Outs during Drawdown periods. One of the new promotions is Increased Leverage for live accounts.

Traders outside EU can claim bonus:

European clients cannot receive Bonuses and apply for the PAMM account.

HotForex Review – HotForex Forex Broker Bonus
HotForex Broker Review
HotForex is a worldwide provider of online trading services, providing better service to all types of traders.
This Forex broker offers a 100% credit bonus, as well 30% rescue bonus.

Can we trust Hotforex – is it hotforex scam?
HotForex is a global company that has its headquarters in Europe but it has sub-branches. It specializes in the provision of online forex services as well as the contract for differences (CFDs), and it mainly deals with the trade for commodities, bonds, cryptocurrencies such as Bitcoin, exchange-traded funds and equities. This company has managed to have a lot of clients since the number of people who have live accounts with this company is more than 500,000. In addition, the company has over 200 employees in the whole world or in the counties where it has branches. The company has also managed to emerge winners of more than 200 industry awards since the day it was founded. It supports more than more 27 languages.
Hotforex has a high reputation. HF Markets (SV) Ltd is registered in St. Vincent & the Grenadine as an International Broker Company with the registration number 22747 IBC 2015. This broker has more than 20 prizes and awards as one of the top brokers in the world.
Contact :
Business Addresses
HF Markets (SV) Ltd.
Suite 305,
Griffith Corporate Centre,
P.O. Box 1510, Beachmont
Kingstown,
St. Vincent and the Grenadines

Founded in 2010, HotForex has gained popularity among forex brokers (as well as affiliates). The most significant point that makes it worth consideration is the high-quality, timely customer support service. It’s this factor that the clients tend to stay with the broker.
Another important point you have to consider is the forex trader is regulated by diverse authorities. These include CySEC (Cyprus), FSC (Mauritius), FSB (South Africa).
This ensures transparency and stringent adherence to the laws as prescribed. All this is in the greater interest of customers and other stakeholders. Note that HotForex has offices in countries considered to be tax havens in the world. This may be an issue for traders hailing from Australia, the United States, India, etc. Traders in the United States are under the purview of CFTC and they must get the membership of NFA to be eligible to conduct business in the country.

Regulations and the security of funds.

Since the company is a retail broker, it has managed to offer trading conditions that are very attractive. This firm has allowed the clients to trade a wider range of instruments such as forex, spot metals and CFDs on indices, commodities and shares of popular companies such as Facebook, Apple and Google as well. This brand operates in different jurisdictions but the most reliable one is found in Europe, and its headquarters are in Cyprus, and it is registered under the European Union. Cyprus Securities and Exchange Commission is the body that has licensed this body. Its success has been contributed by tight and well-balanced regulation. Cyprus is a country with tough regulations, and firms that want to invest in this country have to consider high entry capital requirements as well as low capital maximum leverage. This has reduced competition from other potential firms. In addition, these firms are required to keep customer funds in segregated accounts, and they should not be mixed the company’s operating funds. This makes sure that customers’ funds are safe. In addition, companies that are regulated by Cyprus Securities and Exchange Commission have to be members of a body known as Investors Compensation Funds, and this body has the capability to pay up to 20,000 euros in case the company fails to. This firm has been given the authority to operate in South Africa and in Mauritius, and it holds investment licenses from these two countries.

How secure is it?

You will have a separate bank account. In these accounts, your funds will be held in accounts in different banks with assured protection against balance going negative. This as well ensures the continued safety of clients’ funds even though the broker is sold off.

Protection with insurance

HotForex has bought insurance to the extent of €5,000,000. This aims to protect the company against any adverse financial exigencies because of fraud, errors, or negligence.

Safe website
The official website is the forex broker is safe as it is protected with SSL (28-bit SSL ). By this, encryption of all the data happens and data are protected against unauthorized entities when being transmitted on the Internet.

HotForex Reliability

According to a big number of traders, brokers’ reliability is their biggest worry and concern. The worry is connected with the fact that there are a lot of online scam traders, and they cannot imagine losing their hard-earned money. A big number of traders are often caring when investing with an online broker or platform. However, being reliable is not a concern for traders. This is by taking into consideration that the number of years this company has been in existence. In addition, it has managed to establish a good and respected reputation for the online trading community. Winning more than 20 industry awards is enough proof that this company has been performing well, and customers have great faith in it, and they would like to invest with it. In addition, the company has managed to succeed in Cyprus, a country that has very tough and strict rules about investment. The company has more than 200 employees, and this also proves that the firm is ready to perform according to the expectations of the customers. Language is not a barrier since this company supports more than 27 languages, and this means that different traders can be served despite their language.

Is HotForex scam?

As we have mentioned elsewhere, HotForex is under the purview of various financial regulatory and supervisory organizations across countries like Cyprus, the UK, South Africa, and so on. Being under the scanner of such authorities, HotForex cannot survive as a scamster.

Investor compensation

Did you know that HotForex offers a scheme that entertains investors to get compensation?

HotForex offers investor compensation as the guidelines under the regulations of FCA and CySEC to the extent of GB £50,000 and €920,000 (Euros).

Trading Platform of Hotforex

This company has been supporting metatrade4 (download hotforex mt4 platforms), which is a known international acclaimed trading terminal, and it offers a full spectrum of tools and resources of trading. It consists of; technical indicators that are built-in, charting package that is advanced, expert advisors (EA) as well as their extensive back-testing options. On EAs, traders have two options. They can either download the ones that are readymade or create theirs, where the program is allowed to do make perform all the duties in creating expert advisors, meaning that there is no human involved in this. Traders who have invested with HotForex can access MT4 via a mobile app, a desktop app or a browser. In addition, this company provides traders with MT4 multi-terminal, thus providing a practical and convenient way of managing several accounts simultaneously from a single interface. Since the company has the technology that allows traders to manage several accounts, it is enough convenience guarantee, since they will not be logging in and out when managing different accounts.

HotForex MT4 Terminal provides a number of amazing logical resources. 9-time frames are available for each economical device that provides specific research of price characteristics.

Client Area for Hotforex clients :

Trading tools of HotForex
In this Hotforex Review we will present some interesting trading tools:

HotForex account types

Since the dream and the mission of this broker is to serve different needs of traders and make sure that these customers are happy, it has different types of accounts, and each account has unique characteristics.
For traders with a bit of experience, it is better if they invest under the premium and VIP accounts, since these account provide traders with an opportunity to open positions that are quite large and on tighter spreads. The minimum amount of money that a trader can deposit into these accounts is quite more than the one that is deposited in Micro accounts.

The following are the accounts that HotForex offers to its customers.
Types of account offered
HotForex offers Micro, Zero, Premium, Auto accounts.

The minimum deposit you can make is $5 with leverage 1:1000. The minimum investment for Auto account, Zero accounts is $200 with the highest leverage of 1:500. Spreads vary widely.

Micro account – You can access this account on the MT5 and MT4, mobile and WebTrader platforms.

Premium account – This account is ideal for professional trades and the platforms where you can access it are MT5, MT4, mobile and WebTrader. The amount of spread starts from 1 pip with a maximum leverage of 1:500.

Zero account – The zero account has spread from 0 pips. You need to deposit not less than $200 and will have the highest leverage of 1:500.

You can access your Zero account on the MT4, mobile, and WebTrader platforms.

Islamic account – If you have an Islamic account, you need to pay swap or rollover fees for holding positions in these accounts. You can get it in the form of premium, Micro, Auto or Zero accounts.

Demo account – The demo account is provided to all traders wishing to test their strategies or experience under real market conditions. The opening capital is $100,000. Creating a demo account is pretty simple and easy. You just need to click the ‘demo’ button on the top right of the official website of HotForex.

Details :

For European Union clients.

• The premium account where a trader is required to deposit a minimum of 500 dollars. It has a 1:30 leverage, and it spreads from one pip.
• Zero accounts where a trader is required to deposit a minimum of 100 dollars. It has a leverage of 1:30, and it spreads from 0 pip.

• VIP account where a trader is required to deposits a minimum of 20,000 dollars. It has 1:30 leverage, and it spreads from 0.2 pips.
• The auto account where a trader is required to deposit a minimum of 500 dollars. It has 1: 30 leverage and it spreads from one pip.
• Follower account where a trader is required to deposit a minimum of 300 dollars. It has 1:30 leverage, and it spreads from 1 pip.
For clients outside the European Union.

• The micro account where a trader is required to deposit a minimum of 50 dollars. It has 1:1000 leverage, and it spreads from one pip.
• The premium account where a trader is required to deposit a minimum of 500 dollars. It has a 1:400 leverage, and it spreads from one pip.
• Zero accounts where a trader is required to deposit a minimum of 100 dollars. It has a leverage of 1:200, and it spreads from 0 pip.

• VIP account where a trader is required to deposits a minimum of 20,000 dollars. It has 1:300 leverage, and it spreads from 0.2 pips.
• The auto account where a trader is required to deposit a minimum of 500 dollars. It has 1: 400 leverage and it spreads from one pip.
• PAMM account where traders are required to deposit a minimum of 250 dollars. It has 1:300 leverage, and it spreads from I pip.
• Follower account where a trader is required to deposit a minimum of 100 dollars. It has 1:100 leverage, and it spreads from 1 pip.
Traders should be aware that clients from Europe can neither apply for PAMM accounts nor receive a bonus.

HotForex trading of Cryptocurrencies

HotForex has been one of the platforms that provide trading facilities of cryptocurrencies since the invention of these currencies. This company has more several cryptocurrencies in its cryptocurrencies portfolio. Cryptocurrencies that this company is currently supporting are Bitcoin, Ethereum, Litecoin, Dashcoin Bitcoin and Ripple US dollar.

The trading of cryptocurrencies in this company involves the dealership of financial derivatives such as CFDs. A trader does not use cryptocurrencies to buy or sell goods. However, traders use CFDs that give them the opportunity to capitalize on the price movement of cryptocurrency.

The spreads and commissions of HotForex.

This company has both fixed and floating spreads. In the fixed ones, the spread is comparatively low, accounting for an average of 1.5 spreads. On floating spreads, they account for 1.2 pips, and this is relatively attractive. However, the conditions on the Zero account are considered to be the most attractive, as it spreads from 0.1 pips, and this is according to us.

The Withdrawal and Deposit options at HotForex.

In case a client would like to deposit money on his or her account, he or she can use different methods of making payments. These methods include the use of debit and credit cards such as Visa, Visa Electron, Maestro, MasterCard, and American express. A trader can also use bank wire transfer and e-wallet methods of payment, and companies such as Skrill, Neteller, PayPal, WebMoney, TrustPay, iDeal, Sofort and western union offer e-wallet services. This is when a client wants to deposit. He or she transfers funds from his or her bank account, credit or debit account or e-wallet account, to the account of this company. When he or she wants to withdraw money from his or her HotForex account, he/she requests the amount needed and the account manager transfers the needed amount to the respective bank, credit or debit card, or e-wallet account, and this is according to customer’s preferences.

Promotions and bonuses for non-EU countries
This broker has the best bonus. They include.
• 100 percent supercharged bonus which applies to each deposit of 250 dollars by premium, Currenex and Islamic holders of accounts with up to 50,000 dollars.
• 30 percent rescue bonus and it applies to a deposit of 7,000 dollars. Under any circumstance, the amount cannot be withdrawn.
• 100 percent credit bonus which applies on new deposits or internal transfer to accounts of trade of at least 100 dollars.

Customer support.

Since this company supports more than 27 languages, any customer can get any kind of support and information needs, despite the language he is using. In addition, customers can communicate to the support anytime of the day and night, and from Monday to Friday, since the support team is always available, and they work in shifts. Traders can communicate with the support via emails, phone calls, fax, live chats, through social media sites including Facebook, Instagram and Twitter, and others. The best thing about the support of this company is that it has several phone lines, and this means that several traders can be attended to at the same time. Lastly, phone calls are not expensive.
Customer support is offered in diverse languages including English, Bengali, Arabic, Traditional Chinese, Simplified Chinese, German, French, Italian, Indonesian, Portuguese, Malay, Paris, Spanish, Russian, Thai, Italian, Greek, Korean and Vietnamese.

Social media presence.
Being on social media has become a daily routine for individuals and companies. A lot of communication takes place on these sites. This company has not been left behind. It is social media presence is very evident. On Facebook, this company has about one million followers, and most of them are active users. In addition, the page is always active, and it keeps notifying its clients about the performance of the dollar in the forex market. This has remained a good channel to communicate with the clients as well as giving them the information, they need. This is an advantage to clients.

Education.
This company has a system that it uses to educate kits clients. It is known as the HotForex education center. It offers e-course programs, and the aim of this center is to teach traders the simple terms of the forex market since clients need to be aware of the kind of business they should invest in. in addition, clients are taught the reasons why the forex market exist. Clients will be notified about the incoming seminars and educational events via the resource center and website. Individuals with great knowledge in the forex market are the ones who will teach the students. Live questions and answer sessions will be available during seminars. Visit Hotforex webinars.

Pros and cons.
This broker company has several pros. The first one is that the company is very well-regulated. One can rarely hear complaints from customers. The second one is that this company has low competitive spreads, and this means that customers have high chances of getting good returns. The other one is that the company has been giving its customer attractive bonus and promotions, unlike other companies who have highly competitive spreads and little bonuses. The other one is that MT4 is available in this company, thus giving the traders to manage more than one account simultaneously. Lastly, this company has the best customer support team that is always available, and it supports more than 27 languages. The company has only one con. The disadvantage of using this company is that there is no choice of trading platforms, thus denying the traders the freedom of choice.

Pros

Fast execution and very low spreads starting at 0 pipsAvailable in MobileMT4/MT5, WebTraderPrice requotes are not offered High-quality customer support service desk for dealingSubject rules of regulators: CySEC, DFSA, FCA, and FSCA. Protection against negative balance.

Cons

If you belong to the EU, you’re not entitled to bonuses. You can trade cryptocurrencies, you cannot own them. Forex is the main product.

A critical appraisal of HotForex

With its tagline Honesty, Openness and Transparency, HotForex has earned more than 350000 clients with services offered in as many 22 languages.

HotForex offers quality services in various pairs of currencies, binary options, and CFDs. The broker uses STP technology and leverages strong liquidity providers. By this, the broker can offer interbank dealing in forex for its retail customers.

Note that the broker does not offer services for US-based customers.

The forex broker offers quality customer support services. It offers round the clock support on trading days.

You can get a chance to deal with a wide range of trading instruments including, currency options, CFDs (on stocks), binary options, commodities, and indexes.

HotForex is an STP broker. So, the deals pressed are stringent thanks to the strong liquidity sources and you can start at just 0.2 pips.

The amount of leverage that traders get is 1000:1. The broker also offers promotional bonuses. You can use your debit card to quickly remove funds from your account.

On the official platform, as a trader you can connect with your peers, can talk to them. Making your social trading network wider is likely to open more opportunities.

On the whole, HotForex offers effective online brokerage for traders who use MT4 and MT5. Spreads earned on dealing are competitive and the broker accommodates traders with varying minimal deposit levels thus, giving all a chance. For Micro accounts, the broker offers high rates. The broker is committed to keeping a good rapport with their clients. And, separation of clients funds, SSL encryption technology, being under the radar of regulatory and supervisory bodies in various countries makes HotForex a great option to start your forex trading business with.

Hotforex auto trading system – PAMM system where experts trade for you (for non-EU clients) :

As we can see in this video Hotforex PAMM system is excellent for traders that want that other traders trade for them. they manage their own portfolio and if they make a profit and investor will as well. So you can try new HotForex PAMM V2 platform which is excellent and you can very easily open in a minute either investor either PAMM manager account.

Conclusion.

Above all, this broker company is considered the best of the best, and it is determined to make sure that its clients are satisfied and more aware of forex and cryptocurrencies. It has been ensuring that this is possible by offering education to the clients who would as well as making sure that maximum spreads are very low. Its clients have access to desktops, browsers and smartphones, and this means that they are always aware of current situations. Those who would like to invest in the forex market with this company have the opportunities of being educated before investing. Lastly, this company allows its clients to access several markets of finance including forex and indices. Invest in this company and you will never regret.

IMPORTANT INFORMATION
Hotforex has two different sites for European Union customers and Customers outside the European Union.

Collective2 vs Zulutrade Social Forex Trading

by Fxigor

In this article, we will try to compare the two most important Social Forex trading platforms – Collective2 vs Zulutrade. A few years ago we wrote text about the Zulutrade platform but now we need to compare it with Collective2.

Before we analyze in detail these two platforms, see the main facts :

And Collective2 and Zulutrade connect the broker’s account with managers’ accounts and offers signals to traders (investors).
Zulutrade is free. They charge using spreads in the brokerage account.
Collective2 costs around $100 (standard) flat monthly fee.
Most users on Zulutrade trade Forex and at Collective2 trade stocks, futures, forex.
Using Zulutrade trader can receive an unlimited number of signal providers but using Collective2 only few.
Collective2 traders have average drawdown below 10%. Zulutrade providers have huge drawdown and do not care enough about money management.

Collective2 automated trading platform: is it reliable and scam-free?

Collective2 Social Forex Trading Signals Platform

Are you searching for a seamless and scam-free automated trading platform? If yes, then Collective2 can be a good recommendation for the traders like you! Needless to mention, it’s quite a reputed platform that has more than 19,000 active traders and the platform claims to use around 58,000 different strategies. Please note that this automated trading platform was launched in the year of 2001. The founder of the Collective2 or C2 platform is none other than Matthew Klein who is quite famous and eminent in the arena of retail algorithmic trading space.

Also note, this platform works on the very same principle as other available social investment networks like ZuluTrade and Etoro. As a trader, you will be asked to select and follow a system developer. Next, you need to allocate portions of your capitals that will be simply the copy/mirror trades of that developer. It’s up to you how much amount of money you decide to trade for mirroring. Based on your allocated traded amount and mirror trade value of the system operator, your final profit/gain will be calculated.

Understand the broker model of Collective2

Opening a trading account with C2 is an extremely simple and hassle-free process. It can be opened via C2’s broker partners. For example, C2 has partnerships with a wide majority of well-known broker partners like FXCM and NinjaTrader. Depending on the scheme of these broker partners, you may be offered lucrative incentives from time to time. But, please keep in mind that these incentives are solely provided by the broker partners. The C2 platform itself doesn’t offer any incentives to the clients for opening the trading accounts.

Rules and fees

C2 is nothing but an investment social network that’s loaded with plenty of automated and algorithmic trading strategies. The platform supports trading in Forex, stocks, and futures. It mainly focuses on the market of UK, US, and Asia.

To ensure adequate gain and profit, it’s absolutely important to pick and follow the right auto trading strategy. Your trade performance will be solely dependent on it.

As a subscriber, you need to first create a trading account with Collective2. Upon successful account creation, you can browse and search for profitable auto trading strategies. There isn’t a fee for opening an account with Collective2 or browsing through their trading strategies. However, once you’ve successfully found the right trading strategy and you are keen to follow that auto trading system, then a monthly charge of £75 will be deducted. Likewise, system operators who want to list their trading strategies for the subscribers to follow, they are also needed to pay the listing fee. The recommended minimum account deposit amount for Collective2 is £10,000.

Is there a mobile trading option for Collective2?

As of now, Collective2’s mobile app isn’t ready yet. However, the platform claims to launch its mobile trading app soon for the users.

Help and support

You can contact the company by dialing the helpline number i.e. 001 914 610 3979. Also, there’s an email id where you can email your concerns/queries to the customer support team i.e. help@collective2.com.

Zulutrade Review

Zulutrade is one of the ways you can achieve automated trading. It allows you to learn and implement skills used by experienced Forex traders. Additionally, you will be able to share and leave feedback. It allows you to copy the trades of the best traders which was the initial idea of Leon and Kosta in 2007. Within two years Zulutrade had gained popularity and people were able to mint money out of it. In 2014 the developers saw it fit to make some improvements in their website and introduce new features.By then it had 120 employees which were a good start. Additionally, they entered into a significant partnership with Spot option.In 2015 the company had become respected and legitimate. Read on this review and learn more.

Minimum Initial Deposit

Zulu trade offers you one of the lowest deposits.The minimum amount you can deposit is $1.It is convenient if you are a newbie right? Furthermore, you can sign up for free and acquaint yourself with their Demo simulation account. Gradually, you can make higher deposits once you are confident enough with using the platform.

Spreads And Commission

When you trade using the platform you will get to realize there is a normal spread which you will be charged though it can also be low when using Zulu trade brokers. However, some other brokers might charge you a commission for every trade that you make using the platform.

Buying and selling price difference between the traders especially during the period when there is high volatility. Time and the pair of currency can also influence this difference.

Leverage

Leverage can increase your earnings but you need to be careful if you haven’t mastered it well. This is because you might incur greater losses. Don’t be too hasty to use higher leverages because you are exposing yourself to greater risk. I would recommend that you use a leverage of 1:100 to be on the safe side.

Other Trading Fees

You might be asking yourself if you might incur additional fees when using Zulu Trade? Well, intraday traders are not charged but you can be charged for a swap fee or overnight rollover.

Trading Platform

How It Works

Zulutrade allows you to copy strategies of top-rated traders to your advantage. Besides the currently trade in Binary options, Forex, stocks and other commodities like oil.

Well, normally the user interface is divided into two; signal providers and followers. The followers can copy the strategies of signal providers of which their compensation is determined by how successful is their trading strategies.

Features

-lock trade-Once you receive a signal this feature allows you to verify your trading.

-calendar-It allows you to be updated with all key events in the financial market worldwide.

-Zuluguard-It is a protective feature that shields copy traders from risks that can result from malicious trades from those traders whom they are following.

-Automator-It gives you notifications through your email based on your customized rules.

-Social network features-this is a section where you can give your reviews or view feedback from other users.

-Margin call-o-meter-This gives an estimation on the chances of your account running out of money.

-Cryptocurrency-It allows traders to make predictions on the cryptos

-Zuluscripts- It is an automation feature that allows you to create scripts that will enable you to execute more than one trade.

Well if you require a signal provider you can use Zulu rank calculation which is based on the age of signal provider, sharp ratio, trade activity, frequency of trader logs.

Zulu Trade Vs Competitors

Zulu trade has a lot more to offer than other systems. It allows you to receive margin calls notification for simulated trades. Besides, you have access to many traders worldwide which gives you a variety of options to copy from. It also allows you to assign a certain amount of money to signal trader that you want to follow up has been made easier since you can check your account performance any other time.

Mobile Apps

Zulutrade accommodated Android,iPhone and Windows apps. You can download from any version of the operating system and you are good to check for your account performance, look out for traders to copy or even close your trades.

Methods Of Payment

Methods of payment usually vary depending on your broker. Some of these methods include Zulu trade MasterCard, PayPal, and Bankwire transfer.

ZuluTrade Accounts

When you are fully set to open an account you will be presented with two options to choose from:

-Classic- If you are a pro this is for you. You will get access to voluminous commissions and customized trading.

-Profit sharing-This is suitable for newbies who are still learning by copying others to make their Trading.

Demo Account

When you visit the Zulutrade page you can access the demo account. All you need to do is to enter the required details and you are set to start learning from the advanced traders. When you have grasped adequate trading skills you can choose to open a live account.

How To Become A Signal Provider

Well everyone yearns to become a signal provider because if you are having a good number of followers you will be earnings significant commission. Therefore you can become one by using the following tips:-

1. Set up a good portfolio and explain your strategy

2. Trade with a live account

3. Be quick when responding to feedback about your strategy

4. Meet any necessary criteria

Additional Features

You can enjoy additional features on Zulutrade. This includes profit calculator, margin calculator, economic calculator and you have access to news.

Safety and Security

Zuluguard is the ultimate protection feature that will protect you from erratic traders. It monitors trading behavior and if possible it removes any misbehaving trader to secure your income.

Regulation And Licence

Zulu trade is fully licensed and it complies with the EU. You can enjoy auto trading with minimal risks.

Benefits

The following are its benefits

1. It’s free

2. Variety of brokers to choose from

3. Many traders to copy and follow

4. Lower fees

5. Positive reviews from Forex

6. Ability to comment of signal provider page directly

Drawbacks

The following are the drawbacks

1. Signal providers may not be using live account hence you are at risk to lose your money

2. Signal providers are not vetted

3. Beginners have a Challenger in money management

Trading Hours

Trading is only limited to ZuluTrade trading hours. This runs from Sunday 22:00 UTC-Friday 22:00 UTC.

Contact And Customer Support

They have reliable customer support that is willing to attend to your issues at any time of the day. Their phone number can support up to 10 countries but you can still visit their website and file your claim.

Zulu Trade Verdict

This is a reliable company that is receiving massive traders worldwide. You don’t need external brokers to use the system because they offer brokerage services. It is user-friendly and you can take your time from coping others until you are fully set to begin trading.

The final verdict:

The main mission for Collective2 and Zulutrade is creating an automated trading platform for the users. In this comparison Collective2 vs Zulutrade, we saw good and bad things. My personal opinion that if you are a forex trader and you need a signal you can find a few interesting on Zulutrade for free. IF you are stocks or futures trader – try Collective2. My recommendation is to always see what is average monthly return and what is maxed drawdown and then to figure out is some system is suitable or not for you.

LiteForex broker review

by Fxigor

Review of LiteForex
Last year Liteforex got a new look.
Impression: LiteForex can be defined as an upcoming Forex trading dealer who provides trading in a straight and simple manner. This company has been established since the year 2005 and can also provide accounts with as few as $1, which in turn makes it the right place from where one can study the markets. This dealer has also to pay an interest of nearly 3.5% in the form of the account’s balance which is included in the trading. This, in turn, provides a way to raise profits with time.

LiteForex is a broker in the Forex industry that provides a market-standard MetaTrader 4 trading platform. In this sense, they are as same as several other brokers who utilize this platform. It is believed that LiteForex had a plan to differentiate their name from the group and they actually did it by executing a minimum deposit of $1 for starting trading which is regarded as a huge benefit over large numbers of brokers who have a minimum deposit of $100. However, in this review, we observed that this broker might give a run to LiteForex for money as it provides various cent accounts.
LiteForex when compared with the other brokers reviewed by us, mainly focuses on the overseas exchange market. Also, it does not preoccupy to provide trading on various other trading markets. This can be regarded as a drawback, but in such a case, I believe that it has added to the excellent offering of LiteForex. As they mainly focus on Forex, they ensure that their offerings are on a high level every time.
As discussed, LiteForex handles everything with MetaTrader 4 which signifies that one can do trading with all whistles and bells provided to traders in the Forex market in the whole world. Some of the popular trading features are Take Profits, Stop Losses, Limit Orders, Instant execution technology and many more. This trading company makes sure to distinguish them from the competition by providing several features that are not supported by an average forex trading broker.

Platform
LiteForex utilizes MetaTrader platforms numbered 4 and 5. Both of these trading platforms are popular and have been able to place millions of trades every year. It also provides a platform that is web-based. This particular platform is generally used for monitoring various positions rather than analytics because it is regarded to be more basic when compared with the various trading platforms.
At first, let us discuss mobile trading. All of us know that the industry of mobile is flourishing and as a whole, the Forex trading industry has not yet been able to reach that position. Most of the brokers do not provide mobile support. LiteForex offers support to mobile trading with MetaTrader 4 platform for trading which can be easily downloaded for a mobile device. One of the biggest advantages of which I have not yet discussed with any other broker is the capability to start a LiteForex account along with a US dollar. Do not misunderstand. The value included in it does not mean that you will become a millionaire since the day you invest $1 because this is not possible. What it provides is a mean for the new traders to collect experience in the world of trading with a minimum investment. According to my, it is worth over than real money through which one can make an investment of $1.

Liteforex Deposit and Withdrawal :
No need to mention, this is regarded as great PR and a marketing step as far as LiteForex is concerned and this differentiates them from the group. Liteforex also provides a standard demo account at free of cost along with advanced trading tools like for example, market analysis, history of trading and definitely an ability to do trading with the high amount of leverage in case one is not so much inclined. They also provide different kinds of accounts in order to meet the growing demands of the traders on various experience levels, something which I have not met with while contacting many forex brokers. With the help of LiteForex processes like deposit, registration and withdrawal becomes simple and easy. Moreover, one can also start an account by using any of the payment methods like money bookers, Liberty Reserve, Webmoney, Alert Pay, and bank ware.
The withdrawal procedure with LiteForex is regarded as painless with some popular traders reporting about a minimum withdrawal delay of few than 48 hours. The company also supports more than 40 pairs of currency with spreads as majors start to fluctuate around 3-4 pips. It also provides a policy of no-commission, which is regarded as another biggest advantage when compared to other past brokers reviewed by us.

Customer Service
It provides call center, a feature known as call back, forum rooms and live chat in the form of customer service. With the help of this customer support, one can always contact with a representative when in need.
The website of LiteForex is found in fourteen different languages. It is regarded as an important indication that strives hard towards excellence. Another important feature that I liked about LiteForex is it offers state-of-art consumer solutions which depend on an advanced chatting room through which you can have a discussion with representatives and other traders in different languages like French, Portuguese and Spanish. They also provide training regarding Forex on their website consisting of several informative articles on varieties of topics, especially if you are a beginner in this field. Moreover, with the chat facility, they also offer basic information like phone numbers and email addresses and are always available for answering any kind of questions, every time.
Reliability
The company, LiteForex has been in the industry for more than 6 years. Since its establishment, the company is regarded to be reliable. The trading platforms known as MetaTrader platforms 4 and 5 are popular as well as reliable.
Spreads and Commissions
LiteForex provides floating spreads without any charge. Most of the important pairs are placed within a parameter of 2-3.
Promotions
The company repeatedly offers different kinds of promotions and during the writing, time provide an additional $200 to the account of traders for the purpose of joining.
Conclusion
The company is an upcoming player in trading markets. Trading spreads are regarded as good and also has the capability to deposit several options. This is regarded as a huge advantage. The forex dealer is considered as a perfect place for the beginners due to the capability to start an account with a small amount of capital.
LiteForex was found in 2005. Since its establishment, it has been able to make a worldwide presence all around the world with its several offices located in different parts. The declared mission of LiteForex is to offer several opportunities for people living in different corners of the world for trading in the financial market under similar conditions like the traders who operate in financial institutions and centers. With an advanced platform of trading, customer support and wide-ranging features, I believe that they are ready to achieve the goal.

Pros:
1. Variable spreads. It helps in keeping the spread in a tight position which is regarded as one of the huge expenses a trader can handle.
2. MetaTrader platform is popular and reliable. Traders have been using since several years and is considered stable.
3. One can start an account with as few as $1.
4. The procedure of deposit is fast and simple as one can utilize a bank wire, debit, and credit cards, Liberty Reserve, MoneyBookers, WenMoney, Perfect Money and Alert Pay. Also, it helps in performing withdraw in an easy manner.
Cons:
1. This is limited to Forex, so when one is planning to trade with other markets, they have to look for another broker.
2. Variable spreads is considered as a problem during the news events, provided if one plans to scalp the announcement of the news.

Introduction

Special offer :

HotForex Reliability

Trading Platform of Hotforex

HotForex account types

HotForex trading of Cryptocurrencies

Customer support.

Conclusion.

Collective2 automated trading platform: is it reliable and scam-free?

Zulutrade Review

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