HotForex is a shady Forex broker that's hiding information to dupe traders. In this HotForex review, I'll explain every aspect of this Forex. 7. HotForex – High Leverage Forex Broker Located Offshore. hotforex review. HotForex is another top-rated platform to consider from our. The word 'rupee' has been derived from the Sanskrit word rupyakam, meaning a silver coin. The first rupiya, issued by Sher Shah Suri in BITGEM CRYPTOCURRENCY
Isn't it nice. Innocent Barnard, South Africa. Friday, September 30, HotForex copy account is the way to go for me. Alice, US. I must say this broker is really helpful. I am impressed by the services. Thang Nguyen, Vietnam. I have learned pretty much and I also diversified my fund here with forex tradings and PAMM investment.
Broker is among few brokers offering PAMM and you can invest. Recommend for veteran. Masoom Rehman, Sialkot. The spreads are low on major pairs alongwith decent execution. My favorites were gbp and eur against usd. Now i am also looking at the bitcoin pair which also seems lucrative. Withdrawals comes without hassle. It is quite reasonable broker in my opinion. Duc Thuan, Vietnam. Trading account 3XXX8 Thursday, October 15, I have been trading with this broker about 1 year after attending their seminar in my city.
HotForex provides various account types and payment methods. You can also trade MT5 here that is not supported widely by many brokers. You may need to use VPS to have the best execution because the ping is pretty high in in volatile time. Anyway, this is a good choice of broker in Asia. Alam Zeb, Pakistan. Trading account 7XXXX2 Wednesday, October 14, I have tested Hotforex by trading for more than one and a half year and i can say that the micro account is one of the best possible replacement for small funds traders like us.
I am saying it because of the account opening by small amount deposits. The leverage is also good on this account. I have also noticed that the trade execution is quite smooth however due to hotforex spread I always enter the market few points earlier and so is my exit strategy. Payments processing is always on time and does not requires extra struggles. I get them within a week or less whenever i tried. Tiffany, Manila. I can safely say trading has been okay, but not perfect, most scalps on eurusd are okay, good execution and spreads remain very decent for the most part, good response from platforms, mobile platform is pretty handy.
Trading account 2XXXX6 Thursday, September 10, I admire this broker's trading processes and there attitude towards for it's clients. My queries are reasonably answered in a timely manner. Trading servers are fast enough. Payment of profits are always in time. Spreads are tight enough to scalping. Limit orders are also met on time. Vu Tran, Vietnam. It is not possible to realize the authenticity of the bonuses.
Such too-good-to-be-true claims always ruin traders. My HotForex review advises traders to stay away from these cheap marketing tactics as there are no overnight earnings in any trades. In addition to this, the time taken for the funds to reach the accounts of traders is 7 days. The limit on deposits and the high time required in the reflection of funds is not ideal for traders. There should not be a delay in depositing funds in the trading accounts due to the volatility of the markets.
The response time is 10 days. It is a high amount as most of the regulated brokers do not set any minimum limit for withdrawals. The response time taken to reflect the funds should not go beyond 2 days. The limitations on the basic and most essential functions of the transactions help in realizing the actual professionalism of HotForex. These types of greedy rules are not beneficial to traders.
You should be wary about the payment policies of this broker. Their client categorization prevents the clients from availing many vital services. Most of the traders are not covered under the investor compensation schemes.
An excerpt from their client categorization policy is as below. The leverage of the benefits of the client categorization by aiming the loss of services to traders is not worthy at all. There is a difference in the client categorization based on the competitive leverages. A detailed check reveals the authenticity of this categorization. Then only the client reaches the vague form of the demo account registration.
The demo account of HotForex requires a list of details. It is not appreciable as access to the demo accounts needs to be fast and efficient. The authenticity of the demo account is under the lens. More or less, the demo account of HotForex is merely an incomplete service that fails to fulfill its purpose. The demo account should work hard in providing a simulated view of the trading platform and the trading conditions. Live trading accounts: The live trading accounts of the broker are as below.
Micro Account: The leverage in the micro account of the broker is It is very high and is not competitive at all. The micro account of HotForex fails to serve the purpose of acting as a basic account for the beginners. There is no specialized facility of useful educational services provided to the beginners in this account.
The leverage is not beneficial as it is as high as The spread in the premium account is the same as in the micro account of the broker. The claim of spread is lucrative as 0 pips but its realization is important. There is no difference in the leverage ratio from the premium account of the broker. All the services of the auto account are similar to the services of the premium account. There is no valid reason for the rise in the minimum initial investment of this account.
The leverage and spread are not competitive. The services are almost similar to the general live trading accounts. Apart from this, the leverage ratio is set to and the spread is fixed at 1 pip. The 6 live trading accounts of HotForex fail to serve the basic function of providing competitive trading conditions at cheaper rates. There are 6 options but there is no clarity of the usefulness of these accounts in terms of beginner, intermediate and seasoned traders.
The leverage conditions are far beyond the ideal requirements. In the case of HotForex, the trading accounts are not serviceable and thus multiply the gripe of traders. Most of the regulated brokers, on the other hand, strive hard to provide a high level of customer support to traders. They understand the value of the customers and give equal importance to their grievances.
Sadly, there is no sense of comprehension in the weak policies of HotForex. A snapshot of the details of the domain of the website is below. There is a contradiction in the data about their website. The quality of the content on the website is below average as it is full of promotional bonuses and rewards. HotForex should improve the quality of the website as it is the first point of contact between the broker and the expecting clients.
It fails to provide quality content to its visitors. The twitter account of HotForex is not updated regularly. The last post, while writing this article was to 2 weeks old. It is clear from their Facebook and Twitter accounts that they pay very little attention to their social media presence. The abandoned accounts reflect the absence of a dedicated online team of the broker. Social media helps a service provider in communicating with its customers. HotForex has many drawbacks.
Their address is not genuine as it is identical to many other companies, their region of origin is a haven for forex scammers, and they do not provide any details about their team. They provide no help to their traders.
You can make all your funds withdrawal before am except during the holidays.
|Cryptocurrency hedge fund returns||Vu Tran, Vietnam. It avails all the required resources needed by traders to study new trading techniques and develop their trading skills. But when you are a new client, begin by registering a new myHF account to gain access to myHF area then launch the Demo Account. The absence of the names and experience of the top executives suggests that they might not have much knowledge of this field after all. Thang Nguyen, Vietnam. No Notification of Margin call The withdrawals from the trading accounts of HotForex have the restriction of the margin calls. It is also worth noting that India is currently undergoing a fundamental change in the way the economy is governed, and these laws are likely to change over the next few years.|
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