For the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, HotForex provides industry-recognized alternatives. Both platforms are ideal for beginners and experienced traders, and may be accessed through web terminals, that can be downloaded as 32- and 64-bit software for PC devices running Windows, Mac OS, and Linux systems. Installation is simple, and if you get stuck, the broker provides 101 instructions.
The broker provides narrow, competitive spreads on all assets, as well as quick execution times from the market’s main liquidity providers. Clients can trade immediately from live streaming quotes. HotForex’s pricing model is based on a pure ECN broker with direct market execution.
Only the HF Markets Zero Spread account is subject to commission. For key currency pairs like as EUR / USD, USD / JPY, and GBP / JPY, commissions start at $ 0.03 per 1,000 lots and are transparent. Other currency pairs have commissions starting at $ 0.04 per 1,000 deals. Pounds Sterling / New Zealand Dollar, Euro / Danish Krone, and US Dollars / Rubles are all examples of this.
On overnight positions, the broker charges a switch cost, but there are no other hidden expenses, such as inactivity fees.
Because HotForex UK is regulated in Europe, it is subject to the leverage restrictions set by the European Securities and Markets Authority (ESMA). With a maximum leverage of 1:30, major currency pairs like EUR/USD and GBP/USD are available. From 1:20, minor and exotic forex pairs such as USD/HKD, metals, and indexes are available. From 1:10, commodities such as XAU / USD are accessible. When trading equities, the maximum leverage available is 1: 5.
Leverage Limits Overview:
HF App, the broker’s robust platform for multi-asset mobile applications, is available. The HotForex app is available for iOS and Android smartphones and is free to download. Financial research tools, the latest news, updates, and direct access to your trading account are all included in the app.
HotForex, like XM, XTB, JustForex, JP Markets, Exness, OctaFX, IC Markets, and FXTM, gives traders a demo account option. An online demo account is a great method to get a feel for the trading platforms available, the markets available, and the strategies you might like to test without risking any money.
HotForex has licences in every country where it does business, including Dubai, Cyprus, and South Africa. We also want to point out that segregated funds are used in all jurisdictions to protect clients’ assets. The broker prepares annual and quarterly reports and conducts regular internal audits to review requests. The Financial Conduct Authority regulates HK Markets UK (FCA). It is a well-respected financial market authority with stringent compliance requirements.
Negative balance protection, separate client money in top-tier bank accounts, and a liability insurance scheme with liability protection up to USD 5,000,000 are all benefits of HF Markets licences. The broker is also a member of the Financial Services Compensation Scheme (FSCS), which provides £85,000 in compensation to all retail traders in the case of an investment company’s financial collapse.
Customers of HotForex have access to a variety of supplementary tools and instructional materials. Economic calendars, risk management systems, and calculators for position size, pip size, and margin can all be found in the ledger. A page dedicated to sophisticated trading tools is also available on the website, with thorough user guides and YouTube videos for additional assistance. To get the most out of your trading experience, use these tools.
HotForex trades 24 hours a day, Monday through Friday, according to conventional trading hours. This, however, may vary depending on the instrument. Monday’s trading begins at 00:01 GMT and closes at 23:59 GMT on Friday. The time on the HotForex VPS server is GMT +2 (GMT + 3 in the summer).
Customers can trust HotForex to deliver a safe and secure trading environment. The trading terminal’s entrance and the client-side interface are both password-protected. A profile verification is required to register an account and complete the KYC verification requirements. High-tech encryption, safe login, and standard data privacy are all features of the MT4 and MT5 systems.
All payment transactions, including withdrawal processing, are protected by PCI-DSS Level 1 approved international payment gateways. The broker ensures that risk management methods are implemented in all transactions, as well as that rules and processes are in place to reduce the risk of fraud.