HotForex is very popular in South & South East Asia, so this sharing is for the traders in Asia. As you know, HotForex is one of the brokers targeting the market in Asia. I’ll talk about HotForex broker. Is it reliable? How reliable is it? How many Hotforex account types are they? You might find your following answers.
HOTFOREX ACCOUNT TYPES:
Opening a HotForex account – why not?
To begin with, this broker is certainly a trustworthy broker in the world. In 2019, it has attained four various regulations, in which FCA is from U.K, DFSA from Dubai, FSCA from South Africa & FSA from Seychelles. These regulations obviously display that it aims at several markets in the world, between Europe and Africa & Asia. That broker like to ensure that all traders can be protected & self-assured when having trades with them.
HotForex is considered as the leading light through valuable metals. The spreads for gold trades are amongst the lowermost in the marketplace. For the main currency pair, it spreads between 1 and 1.2 pips, an adequate level. Particularly for slippages, HotForex seldom permits them to happen.
Slippage is a notice of the trading platforms, allowing you to know that the prices on the marketplace has improved vividly from the prices you put. The slippage occurs most repeatedly once the market is very volatile.
The traders experienced very few slippages in terms of the durable servers of brokers. They help to accomplish an order rapidly, so the slippages can’t occur.
Lastly, because HotForex mostly target to the Asian markets, it’s a good support team to feedback any problems. You might have a contact with HotForex 24/5 & they’re ready to help you with 20 several languages (Thai, Filipino, Vietnamese, Korean, Arabic and Chinese…)
HOTFOREX ACCOUNT TYPES
This account can run on all of the trading platforms such as MT5, MT4, Mobile Trading & WebTrader. You might trade many things with the account, such as: cryptocurrencies, metals, indices, forex, energies, bonds, commodities and shares. The option is boundless. You need to deposit at least $5 to open this kind of account. Its leverage comes to 1:1000 rate. This downside means that you might open seven lots all together for a trade. The account is free.
This kind of account is for the traders with a lot of experience in trading. Its leverage is lower, just 1:500 rate. It is comprehensible. As HotForex has picked up a lot of regulations, it must limit the leverages down. you must deposit at least $100 to open this kind of account. Also, you can open more than sixty lots for a trade. It’s available on all of the platforms.
HotForex Zero Spread
You might regard this kind of account as the ECN account. As the spread is nearly zero, the commission is charged at the ratio of $6 for the chief currency pair. Its leverage is similar to the Premium accounts, at the maximum rate of 1:500. Though, the smallest deposit ratio is just 200 dollars, while others can charge more than thousands. The account isn’t available on MT5 platforms. No bonuses are applied to the account.
There are 3 Hotforex account types chosen to show. You can trade with HotForex to have more experience and earn from your accounts