HotForex (licensed as HF Markets Ltd) is a forex broker working in the principle of ECN and offers competitive trading situations and a vast range of pair of currency than any of other brokers. Though it gives a standard Meta trader 4 platform, when we consider some of the other aspects, then again it is standard comprising the vast range of exotic currency pairs and website accessible in almost 10 different languages. To see whether HotForex is really hot or not, just have a review of the comprehensive hot forex.
Founded in: 2010
Maximum leverage: 1:500
Minimum lot size: 0.01 lots
Minimum deposit: $5 (Micro Account)
Available languages: English, Russian, Arabic, Spanish, Farsi, Chinese, Indonesian, Japanese, Thai, Georgian
HotForex presents a globally accepted MT4 platform for trading which could be downloaded in single step to the desktop f the trader. It is available in PDA and even in smart phone format which makes the whole thing more say and convenient to handle for a business man. If one prefer for a forex trading platform which is browser based then here you will be welcomed with this convenience too. We really appreciate the capacity and presence of mind to select from the two, especially in a situation where several other brokers presents MT4 only and this platform of course is not much suitable for every trader.
Different from the other websites that show off forex education institutions and trading tools, Hotforex website attends exclusively on the favorable trade timings and roll over prices. Yet it offers a good forex educational center and tools for those traders who are interested to look at the bottom rather than top. Among the accessories available we stress on Fibonacci calculator, pip calculator and pivot point calculator, none of which claims to be unique but extremely helpful for the use if intermediary advanced traders of forex.
Tradesignals.com with the standard account was the preliminary thing which was found to be extremely helpful in all these cases along with a rescue bonus of 15% and a withdrawal bonus of 50%, both which are fair in their dealings.
In the case of client support, the whole HotForex team is available and extremely transparent. The international telephone accessibility in almost 10 different languages and email queries sent to 6 various destinations so as to assure its reach to the right desk shows the care they give to their customers. For instance, once I have mailed a query to the same on a Monday and I was surprised to see the results within a fair 1 hour and 40 minutes, what a response!
Chat support available every day any time did another fair help. During the time of Hot Forex review we had a good opportunity to chat it highly efficient and expert advisors and that too each time clarifying doubts more clearly.
Ease of Use
Registering in HotForex was extremely easier when compared to any others since traders could choose their account directly from the registration page and he could make the right selection from here itself. Also there was no probing to personal information as with many other brokers. In order to start a live account identification documents was more than enough. There should be 2 forms for their identification. One is a national identity card such as driving license or passport, or government issued ID etc and the other should be a bank statement or bill for the confirmation of your address.
Registration is done through a pop window that will admit you to choose the account format .the detail may change along with the type of account. Along with this the traders could choose for different bonuses once they open the account.
An important thing that one should notice here is that that though site is available in various languages the deposits should be only in US dollars or EUR. But it accepts around 7 different funding options such as wire transfer, web money, neteller, credit card, perfect money, china union pay alert pay etc. Also please notice that PayPal and money bookers were absent here. But since there were other multiple ways it didn’t do much any difficult y to us. All the payments were filed and processes within a day period and not even take 42-72 hours which is a minimum standard for many others. In any case of connectivity problems, trades can be completed through phone and the traders of all level got a benefit through this method.
HotForex caters both the advanced traders and the fresh traders throughout the review time. We feel that the experienced ones would love more of this brokerage for their interesting MT4 platform and currency pairs. If you seek for a broker with fast execution time, exotic pair of currency and competitive trading conditions, HotForex may be the best broker for your need.