Hotforex Review And Ratings
Trading on foreign exchange market with a broker carries a high level risk of losing capital. Investing on Forex market is not suitable for all investors. All provided market data and prices are not necessarily real-time nor accurate.
The HotForex loyalty program allows you to earn HotForex bars for every lot traded. The 100% credit bonus is available to HotForex Micro, Premium and Islamic account holders and ensures you will get a 100% credit bonus so long as you meet the trading requirements. The only caveat with this bonus is that it does expire in 3 months. This bonus allows you to increase your account leverage and also protects you from drawdowns up to $7000 although you cannot withdraw these additional bonus funds.
Rebate Hotforex Indonesia
HotForex is regulated by four major financial regulators from all over the world, all of which are for separate jurisdictions. This Forex trading broker stores client funds in segregated accounts away from corporate funds and provides negative balance protection to its traders. The PAMM Premium Account is the final trading account that you can select from the list of trading accounts offered by HotForex. You will be required to have a minimum deposit of 250USD or its currency equivalence, with variable spreads that start from 1 pip. There is a maximum of 500 simultaneous open orders with the PAMM Premium Account. However, you will be charged with a $5.00 per 100,000 USD traded ($10 round turn) for the PAMM Premium Plus Account.
HotForex are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority . Any payments funded to HotForex accounts by traders are held in a segregated bank account. Tier 1 is the official measure of a banks financial health and strength. Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss.
Our Mission is to be the most reliable broker in the industry in terms of the services we offer. To be consistently good in quality of performance and able to be trusted. On the other hand, you can always use the simulation approach by trying the HotForex Demo Account. The Account is free of charge, of unlimited time, and you will have the ability to trade over 100,000USD of virtual funds in real market time and conditions.
Reliability Of Hotforex Review
Cash back is hotforex demo credited directly to your broker account daily when accumulated earnings exceed $5.00. When a contest ends, all participated accounts with over 500 USD will be automatically included to the next contest. Each trader can register only one account for each contest. At the end of the contest, all contest accounts will be dis-activated.
The minimum wire transfer withdrawal is between $100-$150 depending on regulator and the fee depends on your bank. Besides under DFSA where it takes only one day, the process can take 2-10 days. Union Pay as a funding option is available only under SV regulations with a $50 minimum which is free of charge and takes up to 24 hours to fund.
Like I said, the most suitable brokers depend on your trading strategy. If you want to deposit and withdraw quickly, you should go with the brokers have the quickest payment systems with low fees in your country. Or if you are professional traders that trade millions, then the brokers with lower spread or low swaps are the better choice. In the case that you are gamblers that like to trade when there is sudden event or big news, choose the high leverage brokers. And if you trade with robots, definitely go with robot trading brokers and trade with Cent Accounts. Clearly, for beginners, they should pick the brokers with PAMM accounts.
Overall, HotForex is one of the best brokers on the scene today and are definitely a great option if you are looking for a new broker. You can get in touch with a member of the HotForex customer support team 24 hours a day. You have the option of sending an email, talking to a representative via live chat or ringing them over the phone.