HotForex

Editorial Rating:
3.94
Accept US Traders:
No

HotForex.com

Licensed and regulated under the company name HF Markets Europe Ltd since 2007, this Forex broker has been operating online with the brand name HotForex since 2010. Calling the island of Mauritius home, this site has established itself on the global market and named the Best Broker in Europe and Asia in 2013.

To ensure its customers enjoy a stress-free trading experience HotForex has implemented a number of safety measures to increase the security of client funds. By banking with multiple top tier banks and completely segregating investor funds from its operation capital, HotForex is able to guarantee on the money in their trader’s accounts.

Indeed, because they subscribe to the Investor Compensation Fund and employ various risk management procedures, HotForex customers can trade with a peace of mind that few sites can match.

HotForex.com’s Special FX:

If you’re able to ascend the FX ranks and become a VIP account holder at HotForex then there is a range of special bonuses on offer. Indeed, a recent example of the extra incentives on offer at this site was a luxury holiday experience.

By becoming the top VIP in a certain period, a trader could take home a cash prize of $5,000 as well as a luxury 5* holiday complete with a four hour trading course with an industry expert.

It’s not only VIP traders who can benefit from the deals on offer at HotForex. Each user, whether they hold a demo account or one of the four real-money accounts, can earn some extra cash through the deposit bonuses worth up to $2,500 each week, refer-a-friend rewards and various trading competitions.
On top of the free money up for grabs, HotForex has an online store which stocks a range of branded merchandise with everything from t-shirt and jumpers to laptop bags and umbrellas available.

The Essentials:

 

Micro

Premium

VIP

FIX

CurreneX

Zulu

Spread Type:

Variable

Variable

Variable

Fixed

Variable

Variable

Spreads From:

1

1

0.4

Fixed(Forex)

0.4

1

Leverage:

1:1,000

1:400

1:400

1:400

1:400

1:300

Minimum Deposit

$50

$500

$40,000

$500

$500

$50

Minimum trade size (lots)

0.01

0.01

0.5

0.01

0.01

0.01

Trade increments (lots)

0.01

0.01

0.01

0.01

0.01

0.01

Maximum Trade Size

5

60

No Limit

60

60

60

Maximum simultaneous orders

150

300

400

300

350

300

Margin Call

40%

50%

50%

50%

50%

50%

Stop Out Level

10%

20%

20%

20%

20%

20%

*Additional – All accounts above Micro are assigned a personal account manager and trading takes place through the MetaTrader 4 platform.

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.