Hotforex is a forex and commodity broker based Larnaka, Cyprus. HotForex is a unified brand name of the HF Markets Group: HF Markets (Europe) Ltd a Cypriot Investment Firm (CIF) under number HE 277582. Regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 183/12. They have very large clientele, today they are managing more than 500 000 accounts all over the world.
Professionality, funds safery and wide range of services – that is Hotforex
Hotforex offers different types of trading accounts and professional software and access to countless instruments with very competitive spread. The broker is a Market Maker, the liquidity providers are main world banks and funds.
The broker is regulated on Cyprus by Cyprus Securities and Exchange Commission (CySEC) and it is also registered in countries where they are active. Among those countries is for example England (FCA), Czech Republic (CNB), France (ACP) and many more. The broker also complies with the MiFID directive.
Clients funds are kept safe in the so called segregated accounts, so you do not have to worry about your funds safety. Hotforex is also a member of the Compensation scheme, which would cover the clients losses in case of any trouble within the company or the whole market.
One of very interesting features is the cover that the broker provides in case of turbulent markets such as those in the early 2015, when the Swiss Frank collapsed. At that time Hotforex covered all the clients losses so noone was forced to pay more than they had in their account.
7 account types
The thing that interests most people is not the regulation, but the quality of the services. Lets look at this a bit more closely now. There are 6 account types at the moment – Micro with minimum deposit $50, Premium starting from $500, Zero account with the lowest spread on the market available from $100. There are other types of accounts such as VIP, which is intended for the larger accounts and the minimum deposit for this one is $20 000. Special type of an account is Auto, which aims for mainly on automatic trading. Please have a look at the broker comparisson here.
Due to the recent change from STP/ECN broker to marker maker, the trading conditions are a bit worse. There is no slippage if there are no news, but there is some if there are. The spreads stayed the same.
There is VPS for free for any kind of account with deposit over $5000.
Hotforex offers access to a lot of different kind of instruments. You can trade main currency pairs, crosses and even exotic pairs, indexes, commodities, CFD, gold, oil and much more.
To deposit or withdraw the money from the account you can use wide range of options – bank transfer, credit or debit card and many online wallets. Also, all types of transfers are free.
Why to choose Hotforex?
There are many reasons why to choose them. The above mentioned are very important, but there is much more – for example you can own a debit card with direct access to your account, get free trading signals, news, analyzes and study materials.
The main mottos of the company is Honesty – Openness – Transparency and that is what they stick to. Their aproach to the customer is always individual, polite and to the point. What they are trying to achieve is the reputation of a reliable company.
Our goal is to offer the best possible services to our clients with focus on clients satiscfation. That is the way we are trying to accomplish our goal, which is the market leader with excelent customer service.
Do you have experience with Hotforex? Do not hesitate and share it with us!