10/07/ · HotForex Pros and Cons. HotForex is a broker with good reputation and regulations. The offering is user friendly, with large portfolio for Forex and CFDs, fees are considered low and there is good education section suitable for beginning traders. On the other hand, XM has limited portfolio for EU clients, and only Forex and CFDs are offered 20/01/ · HotForex is a MetaTrader broker that offers the entire MetaTrader suite, including both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) desktop and web. The desktop version supports automated trading systems known as Experts through the MQL5 signals community. While MT4 and MT5 come standard, HotForex does provide customers an optional suite of trader tools, called Premium Trader Tools, developed4/5 Hotforex though a legit broker but hides crucial details that noobs might simply ingore. 1) Though they claim to be an ECN broker there all orders are routed through HF markets which is their partner company. Now HF markets have market maker license from FCA thus its not pure ECN though it claims to be
HotForex review () ++ Scam or not? | Real broker test
Steven Hatzakis August 19th, Alongside its enhanced MetaTrader offering, HotForex provides a good selection of tradeable products. However, HotForex does trail leading multi-asset brokers in overall platform depth.
Please Note: HotForex was not included in the annual review. As a result, this broker's ratings may be outdated. Read our best forex brokers guide for a breakdown of the top rated forex and CFDs brokers for HotForex is considered average-risk, hotforex forex broker review, with an overall Trust Score of 83 out of HotForex is not publicly traded and does not operate a bank.
HotForex is authorised by one tier-1 regulator high trustthree tier-2 regulators average trustand one tier-3 regulator low trust. HotForex is authorised by the following tier-1 regulator: Financial Conduct Authority FCA. Learn more about Trust Score. Cryptocurrency : Cryptocurrency trading is available through CFDs, but not available through trading the underlying asset e. buying Bitcoin. Note: Crypto CFDs are not available to retail traders from any broker's UK entity, nor to UK residents.
HotForex offers five account types, all of which are spread-only commission-free except the commission-based Zero account. Based on the data displayed by HotForex, hotforex forex broker review, the Zero account is most competitive as it features the lowest spreads and a small per trade commission, hotforex forex broker review.
Account comparisons: On the Zero account, typical spreads are 0. On the Zero account, trading costs are lower, but margin requirements are twice as high as the Premium account, where typical spreads are 1. In addition, there is a volume limit of 60 lots per account 7 lots on the micro accountwhich is far more restricted than FxPro or IG.
Published data: While HotForex lists typical spreads across its account types, the broker does not list a date range for the data. We'd like to see an average spread published for a given period, as it is hard to otherwise quantify a variable spread.
HotForex is a MetaTrader broker that offers the entire MetaTrader suite, including both MetaTrader 4 MT4 and MetaTrader 5 MT5 desktop and web. The desktop version supports automated trading systems known as Experts through the MQL5 signals community. While MT4 and MT5 come standard, HotForex does provide customers an optional suite of trader tools, called Premium Trader Tools, developed by FX Blue Labs, hotforex forex broker review.
Highlights from the 12 tools provided in the package include Trade Terminal for advanced order execution, Connect for news, Alarm Manager for alerts, and additional technical indicators like Renko bars, pivot points, and order history.
The Advanced Insights plugin is also available. Research overview: HotForex includes analysis and trading tools from in-house staff alongside third-party providers. FxStreet provides forex news, and trading signals generated by automated pattern recognition are available from Autochartist, hotforex forex broker review.
In addition to an economic calendar, HotForex's in-house team of analysts provides a daily market update, along hotforex forex broker review a monthly, quarterly, and hotforex forex broker review outlook.
There are also client sentiment data available on the web on HotForex's Traders Board module. HF Copy: HotForex offers a social copy trading platform called HFcopy, where you need at least EUR to become a strategy provider or EUR to follow copy an existing one. With the service being new, I did not see many providers available on HFcopy. Similarly, those that are live have a limited trading history.
For example, there are just seven strategies, and the top one hotforex forex broker review three subscribers, compared to copy trading leader eToro which has been operating for over a decade. HotForex provides a variety of educational content, which ranges from over 26 articles hotforex forex broker review its e-course to several ebooks and dozens of videos. I found the content to be okay, a touch above the industry average, when compared to the best forex brokers in this category.
For example, some of the advanced videos were barely a minute long and lacked detail, hotforex forex broker review. Expanding the length and quality of the materials would help HotForex build on its existing foundation for educational content for traders. At the same time, I found the other content that HotForex offers useful, such as the history of CFDs and Stocks.
Last but not least, HotForex's YouTube channel had some good quality educational videos such as short clips explaining what a Parabolic SAR Stop and Reverse indicator is. Expanding this category further will help bring it closer to peers. At HotForex, MT4 and MT5 come standard on Android and iOS, hotforex forex broker review. HotForex's scoring for this category matches that of other MetaTrader-only brokers. HF App: It is worth noting that HotForex also offers HF App, which is its proprietary mobile platform with various research and trading tools.
While I like the HF app, I did not like that you cannot trade from it yet. Until trading functionality is added to the app, I would not recommend it over MetaTrader.
HotForex is suitable for traders looking for a MetaTrader-only broker that has a handful of additional upgrades from the standard, default setup. Founded inHotForex operates as a unified brand of the HF Markets Group and maintains a regulatory status in Europe via Cyprus under its HF Markets Europe Ltd entity and in the UK with its FCA-regulated entity HF Markets UK Limited, hotforex forex broker review.
It is also represented in several emerging regulatory hubs such as South Africa, Seychelles, Mauritius, hotforex forex broker review, and St.
Vincent and The Grenadines. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect hotforex forex broker review price, or liquidity of a currency or related instrument.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. About the author: Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers, hotforex forex broker review. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry.
Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, hotforex forex broker review, from writing to consulting to serving as a registered commodity futures representative.
Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work.
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com declares no hotforex forex broker review, sponsorship, nor any partnership with any trademark holders unless otherwise stated. Powerful Trading Automation. Visit Site Products and Services may differ depending on the HF Markets Group entity you trade with. com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure HotForex Hotforex forex broker review Steven Hatzakis August 19th, Home Reviews HotForex.
Visit Site. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation, hotforex forex broker review.
Feature HotForex Overall 4 Stars Trust Score 83 Offering of Investments hotforex forex broker review. help Feature HotForex Year Founded Publicly Traded Listed No Bank No Tier-1 Licenses 1 Tier-2 Licenses 3 Tier-3 Licenses 1 Trust Score Feature HotForex Daily Market Commentary Yes Forex News Top-Tier Sources Yes Weekly Webinars Yes Autochartist Yes Trading Central Recognia No Delkos Research No Social Sentiment - Currency Pairs Yes Economic Calendar Yes.
Compare HotForex Find out how HotForex stacks up against other brokers. HotForex vs IG HotForex vs Saxo Bank HotForex vs CMC Markets HotForex vs Interactive Brokers HotForex vs TD Ameritrade HotForex vs City Index HotForex vs XTB HotForex hotforex forex broker review FOREX.
com HotForex vs eToro HotForex vs Swissquote HotForex vs FXCM HotForex vs AvaTrade HotForex vs XM Group HotForex vs FP Markets HotForex vs Plus HotForex vs Pepperstone HotForex vs IC Markets HotForex vs Tickmill HotForex vs OANDA HotForex vs FxPro HotForex vs Vantage FX HotForex vs Moneta Markets HotForex vs HYCM HotForex vs Eightcap HotForex vs VT Markets. HotForex Competitors Select one or more of these brokers to compare against HotForex.
check check check check. Publicly Traded Listed. CFD Trading. Tradeable Symbols Total. Forex Pairs Total. US Stock Trading Non CFD. Int'l Stock Trading Non CFD. Cryptocurrency Physical. Cryptocurrency CFD. Active Trader or VIP Discounts. Execution: Agency Broker. Execution: Market Maker. Virtual Trading Demo. Proprietary Platform. Desktop Platform Windows.
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, time: 9:25HotForex Review ☑️ Is HotForex a Scam or Legit Broker ()
19/08/ · HotForex is a MetaTrader broker founded in and is regulated by FCA, SySEC, and other regulators. It offers 47 currency pairs, cryptocurrencies, and access to over 1, securities including precious metals, commodities, stocks, bonds, and stock indexes. Mobile trading is offered with MT4, MT5 mobile apps as well as proprietary HF App (in 4/5() 26/07/ · HotForex Review Hotforex is our recommended FSCA regulated forex broker. They are regulated with top regulators including FSCA (South Africa) & FCA in UK. We like their very low trading fee, zero deposit/withdrawal charges & % Bonus. Read our HotForex Review to Estimated Reading Time: 9 mins HotForex was established in as a MetaTrader broker. Their traders have free access to more than securities, though with some restrictions. For instance, the crypto CFDs are only traded on weekdays. Sponsorships. This company HotForex is highly regulated, and it has just one tier blogger.comcount: ✔ Free
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