Hotforex Review 2021
Hotforex Review 2021
For example, when you encounter specific problems and issues, or you have any queries, you must have the option of contacting support. The best part is that Hotforex has an outstanding customer support facility. Hotforex has confirmed that all the funds and payment gateways are safe. Upon joining as a Forex Strategy Provider in HFCopy, your work would be to formulate the best Forex trading strategies for self and followers. For details and numbers, you’re simply able to rely on the automated calculation of HotForex HFCopy. This automatically calculates followers’ Rescue Level, Volume Allocation, and a lot of other vital data.
The spreads on all accounts are variable, with most starting at 1 pip on the EUR/USD. The one exception is the Zero Spread account, which offers raw spreads starting at 0 pips but charges a commission of 6 USD round turn. As with all highly-regulated brokers, HotForex takes the security of client funds seriously and uses segregated accounts to ensure that, in the unlikely event of broker bankruptcy, all clients can be refunded.
Therefore, the commission charged 1 USD per lot in Cryptocurrency trading. The company also provides a civil Liability insurance program for a limit of €5,000,000 to its clients and other third parties. This insurance program includes market-leading coverage against any type of error, negligence, omissions, and fraud that may lead to financial loss. HotForex keeps clients funds into the bank account, which is separate from the brokers day to day activity.
The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. hotforex is a broker with a good reputation, well known and their services are actually great. over all stability and speed of execution is an A+, good support, they can be a bit strict with documents which is a good sign in my opinion. Moreover, HotForex provides MT4 MultiTerminal, which offers a practical and convenient way to manage multiple accounts simultaneously from one interface. MetaTrader 4 is available to HotForex clients in desktop, web, and mobile versions.
Forex Com Spreads Review
CFD trading on indices and commodities are lesser complex than futures and option. Traders will have better profit-making opportunities if the spreads are narrow and lesser commission is charged for trades. However, lower pricing should not be the only factor to consider while choosing a broker. By trading through CFDs, traders do not actually own any of the securities but the price movements of the concerned security are speculated to make profit-making opportunities.
The unavailability of live chat and local phone support on holidays is the only con we found in this section. Although, the support service is comparatively far better than many of the forex and CFD brokers in Nigeria. Overall, we found the trading as well as non-trading fees at Hotforex to be quite impressive as compared to other regulated forex and CFD brokers available hotforexbroker.com in Nigeria.
Hot Forex Trading Info
I have been trying to withdraw from 2 different accounts and i have problems with both. First I needed to resend documents proving who I am and after several days of talking to them and getting them to accept the withdrawal it finally went through. this is now more than 10 days ago and right now they don’t know where my money went.
HotForex offers risk protection by enabling limit orders and stop-loss orders. The former restricts the minimum price to earn or the maximum price to pay. The latter dictates that a certain position should be automatically sold at a set price. HotForex does not charge any withdrawal or deposit fees.
But it is really worth reading it since it identifies mutual rights and liabilities between you and the company. That is why we would like to list most critical provisions in our summary. For example, if we start with cl. 4.1, here you can see that the company shall not be obliged to conclude an agreement with you if the security office considers you may pose risks to the company. Support is provided by telephone, by e-mail (direct e-mailing or through the feedback form), by on-line chart on the web-site, Telegram/Facebook and social networking sites.
From a security standpoint, HotForex pride themselves with openness and transparency therefore ensuring their clients’ funds. HotForex only access to major banks and have access to Tier 1 Liquidity providers. EU clients that will regulated under CySEC regulatory authority will have the benfeit of the Investor Compensation Fund.