HotForex is a broker company resided in the famous tax-heaven Cyprus. You would probably expect HF to be regulated by CySEC (Cyprus regulation authority, remember?). FSC is Financial Services Commision, a forex regulation authority of Mauritius. As usually my first step was to Forex Peace Army to check reviews on this broker. I was glad that the majority of reviews were really positive. Plenty of useful trading tools are available on HotForex.com.
Two years later, the name was changed to HFcopy and remains like this until today. HotForex Broker is part of the global HF Markets Group with offices around the world. They offer a wide range of Forex and CFDs trading instruments. If you want proof, you are free to contact me for snapshot of my account etc. As an hotforex affiliate, I’ve earned $12,000 so far without any major issue.
What this means is that the amount of money you deposit or withdraw on/from your account will be exactly the same you’ll get. According to our HotForex broker review, cryptocurrencies have some of the highest, as well as lowest, spread markups among all HotForex instruments. The maximum spread goes up to 30 pips, while the minimum goes down to 0.0006 pips. A fixed commission for crypto trades is $1 per round turn lot.
Margin Call Là Gì? Làm Sao Để Tránh Bị Margin Call Trong Forex?
It features webinars from its top currency trading experts to improve traders’ knowledge and skills on profiting from the market. It also has numerous video tutorials and ebooks on various markets as well as daily market analysis. We’ve always recommended forex traders in Nigeria to trade with brokers who are regulated in tier 1 jurisdictions such as the UK and Australia, and in regards to this, HotForex scores highly. Does having an office in the country and support for Naira accounts make them better than say, an ECN broker who does not have a local presence. After all, forex trading is an online game, and you don’t need a local office to start trading, unless you’re a beginner that will be popping into the office for support. HotForex offers a variety of account types to suit the requirements of different Forex traders such as accounts for scalpers, EA traders and automated copy trading.
We work with accounts opened exclusively through the Traders Union website. HotForex login also provides a demo account for clients to try out their skills either to get used to the HotForex MT4 or to try new strategies before risking their capital. HF Markets swap rates, as of , for 1 lot EUR/USD stands at an average rate of -6.00 for holding overnight a long 1 lot contract and at -0.70 for holding overnight a short 1 lot contract.
Spread Vs Trader Style
There is also an automated trading platform available under Hotforex that the traders can own and are operated by the Expert Advisors. The demo account worth of $ is another feature available that the traders can use for learning the different features of the platform. It offers real time market data and creates real like trading environment for users. An additional feature that you’re going to get by registering at HotForex is its social trading platform. Our HotForex copy trade review shows that there’s a pretty significant HFCOPY Account that gives you the ability to copy other traders‘ positions and take advantage of their pro-level decision making.
Our main priority is to assist you with selecting the most suitable broker for your requirements that provides copy trading, saving you precious time and money. To take advantage of this FREE service and receive quotes from top ranking hotforex joint account brokers that offer cutting edge copy trading, please fill the form above. Copy trading has gained a lot of popularity among traders in recent years. Still, selecting the right broker that offers quality copy trading can be quite troublesome. Today we will examine a much talked about forex broker;HotForex. They have invested heavily in ad campaigns in order to get their name out and apparently they have had some success in doing so.
In this section, it is also important to point out the areas where HotForex is available for traders. As of right now, HotForex’s reach goes over 180 individual countries across the globe, which is pretty much all continents on Earth. As you can see, there’s not an awful lot of details you need to provide to have a full-fledged live account at HotForex.
At present’s update features the brand new stuff that HotForex has to offer. A lot of people don’t have the time to learn to trade in Forex or they are simply looking for a spot to take a position their money. These folks actually just like the funding networks like eToro and ZuluTrade. In fact, HotForex already has the PAMM system, but they decided this isn’t enough. Now you’ll be able to create ZuluTrade account immediately from the HotForex website.