HotForex is a Forex Broker based in Mauritius. The Forex Broker operates with the name HF Markets, and it is under Financial Services Commission (FSC) of the Republic of Mauritius. HotForex is relatively new regarding brand awareness and popularity in the Forex trading market though the company was established back in 2008. However, the Forex Broker has in the in the recent past improved its customer-oriented attitude.
The company now offers an excellent customer service platform that made it receive several awards from many reputable institutions from Asia, Middle East, Africa and Europe. This is because the vital area for any Broker to succeed in the Forex trading market is to have a reliable customer service that listens to all their needs. Consequently, HotForex has precisely followed this path to achieve great success with retail traders globally. HotForex has also become popular among New Brokers and affiliates through its quest to promote the brand among unexploited markets.
What sort of trading do they offer?
The firm allows you to trade both binary options and traditional forex pairs, but you can as well fiddle with CFDs for stocks, indices, and commodities. However, the firm has a bit of an issue in serving US traders as they can only be served by institutions that operate under CFTC regulations which should also be one of the members to the NFA. Besides, the firm is a Straight-Through-Processor (STP) that designed its liquidity providers to take on bond all types of traders without discrimination.
Which trading platforms are supported/ available?
HotForex has no access problems. Therefore, if you need MT4 software, downloads are easily accessible. The firm is ideal for those who are operating system balks or those who prefer a mobile app or a web-based solution. Besides, HotForex has designed several software solutions that meant to make your trading experience comfortable and more enjoyable.
What types of accounts are available?
HotForex provides a variety of account types as compared to many brokers. These are accounts with unique and highly competitive trading conditions that are designed to suit the requirements of all kinds of traders. The accounts include Micro, Premium, Zero, Currenex, Fixed, VIP, Auto, HF Social and Pamm, which have a maximum and minimum advantage.
Deposit and Withdrawal Options
The firm offers you several ways to fund your account, with the option of wire transfers, cash deposits, credit cards and online payment. Moreover, withdrawals are made using the same methods though there are some charges and minimum requirements that you should meet.
Do they offer Bonuses or free signals?
HotForex offers several bonuses and promotions. The major ones that are being offered currently include HotForex VIP Contest, which is a competition for business people with the most financial gains.
The second one is the Refer-a-Friend promotion that varies depending on the amount initially deposited by the referred client. Besides, the firm offers a premium bonus program where any trader that deposits $250 gets a 100% bonus with an additional 30% as a rescue allowance.
Other features include excellent customer service that can be contacted easily by email, phone or through live chat. Moreover, the firm offers education tools that provide technical analysis reports from the leading institutions in the industry.
• Extensive List of Trading Tools
HotForex offers a wide list of trading tools that are designed to suit the needs and demands of the clients. These include DailyForex Mobile app, Forex widgets, Report Broker Scams and much more.
• Generous Promotions and Bonuses
The firms offer several bonuses and promotions as a reward to the top clients as well as those loyal customers that refer others to them.
• Choice of Accounts
The Forex Broker offers different types of accounts as options to suit different customer requirements and demands.
• No Islamic Account
HotForex does not offer Islamic account. This means that the firm is not ideal for traders that would prefer Islamic broker regulations.
In conclusion, HotForex offers an unmatched website with great information that is presented in organized and a clear manner. The broker has an excellent customer service and seems suits the needs of almost every trader.