Credit Bonus, Tradable Bonus, Withdrawable Bonus
Despite the fact, that HotForex was founded in 2010 it is relatively new to the forex market in terms of brand awareness. Recently, the company reestablished its approach to customer-oriented attitude. Mainly due to this fact it has received numerous awards from several respectful institutions from Europe, Asia, the Middle East, and Africa. The firm is regulated by CySEK and St. Vincent the Grenadines regulatory authority.
Deposits and Withdrawals
The Micro account requires only 5 dollars to open, providing the maximum leverage of 1:1000 and there is maximum 150 orders that can be open simultaneously. The company accepts all major credit and debit cards, no fee is charged for this payment method. You can also send a wire transfer (takes between 2-7 days to arrive in your account). There is no fee for transfers below 250 USD. You can also deposit with Skrill or Neteller (up to 10 minutes). Withdrawals are processed using the same method which you used to make a deposit. Withdrawals via credit/debit cards usually take 2-10 business days to reach your bank account.
The broker offers a wide range of account types. Micro account which was mentioned previously, Premium account with 500 USD minimum deposit and spreads starting from 1 pip, Zero account with minimum deposit of 100 USD and spreads starting from 0, Fixed account with 500 USD minimum deposit and fixed spreads, and VIP account with 20.000 USD minimum deposit which provides you the option of one-to-one consultation with the head market analyst and offers spreads starting from 0 pips. The company uses MetaTrader 4 trading platform which is well-known on the market for its such features like multiple market order types and automated trading. HotForex also supports mobile trading, there are versions of MT4 available for Android, iOS and Windows phone devices.
There are around 50 currency pairs available for trading, both major and minor (like AUD/NZD, GBP/ZAR, NZD/JPY). Average EUR/USD spread is from 1.2 pips here. There are also Metals, Energies, Indices, Shares, Commodities, and CFDs offered here. For stocks and CFDs, there is a 10% commission charge. You can also trade cryptocurrencies here like Bitcoin, Ethereum, Litecoin, Ripple, and Dash.
HotForex’s webpage is packed with useful information and is developed in a clear and organized manner. This is a type of broker that has something to offer for both novice and experienced traders.
Broker HotForex Website URL www.hotforex.com Founded 2010 Headquarters Ebene Support Number +44-2033185978 Trading Platform MT4 , mt4 web, iphone traders, ipad trader, android, windows Minimum 1st Deposit $5 Minimum Trade Amount 0.01 Bonus Credit Bonus, Tradable Bonus, Withdrawable Bonus Leverage 1:500 Spread Variable Free Demo Account Open Demo Demo Expiration Yes Regulation CySEC, FSC, FBS US Traders Allowed Public Listing N/A Tech Support 24/5 Spread Betting No Binary options No Average Spread EUR/USD 0.0 < 1.0 Avarage spread GBP/USD 0.0 < 1.0 Hours Yes Mini Account 5 Swap Accounts Yes PAMM Yes Platformtimezone GMT+3 Auto Trading Yes *** Hedging Yes Affiliate Program: Yes Expert advisors: Yes Free Education: Yes Daily Analysis: Yes Trailing Stops Yes Other Instruments Forex and Spot Metals, CFD's on Commodity, Indices, Oil and Shares, Decimals 5 Scalping Yes Blocked countries USA, Canada, Belgium, Iran, Sudan, Syria, North Korea Accepted Countries Afghanistan, Albania, Algeria, Andorra, Angola, Antigua and Barbuda, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Central African Republic, Chad, Chile, China, Colombia, Comoros, Congo, Costa Rica, Cote d'Ivoire, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Fiji, Finland, France, Gabon, Gambia, Georgia, Germany, Ghana, Greece, Grenada, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Mauritania, Mauritius, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Morocco, Mozambique, Myanmar (Burma), Namibia, Nauru, Nepal, Netherlands, New Zealand, Nicaragua, Niger, Nigeria, Norway, Oman, Pakistan, Palau, Palestine, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Rwanda, St. Kitts and Nevis, St. Lucia, St. Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Korea, South Sudan, Spain, Sri Lanka, Suriname, Swaziland, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Tuvalu, Uganda, Ukraine, UAE, UK, Uruguay, Uzbekistan, Vanuatu, Vatican City, Venezuela, Vietnam, Zambia, Zimbabwe Overall Score 3.3