HotForex Review

Hotforex Review

HotForex is consistently ranked as one of the Top 10 world’s leading brokers in the foreign exchange and commodities market. Founded in 2010, the brokerage house has proven itself as a customer-centric company providing trading services and facilities to both retail and institutional clients.

Clients of HotForex have access to high liquidity and variable tight spreads and commission. The company offers up to six account types for customized trading as well as state-of-the-art trading software and tools for individuals and institutions to trade forex and derivatives online.

HotForex is a MetaTrader broker and provides a limited selection of tradeable products. An optional tool package called Premium Trader Tools is available to augment the default experience. The brokerage house supports the Market Maker execution across a variety of six different account types.

FAST FACTS ABOUT HOTFOREX

Company name

HotForex or HF

Country of origin

Republic of Mauritius

Headquarters in Cyprus

Established

2010

Who owns HotForex

HF Markets Group

HotForex and HF Markets are unified brand names of the HF Markets Group

Publicly-traded company

No

Operates as a bank

No

International representation

Europe via Cyprus

Africa via South Africa

The Middle East via Dubai

Seychelles and Mauritius

The Caribbean via St Vincent and The Grenadines

Tier-licenses

Tier-1 = 1

Tier-2 = 3

Tier-3 = 2

Best broker for

HotForex operates in the forex and CFDs trading market. Clients have access to 140 asset choices in 20 markets, including fiat currency pairs, cryptocurrencies, CFDs for stocks, metals, energy, commodities, and indices.

HotForex trading is powered primarily by MetaTrader 4 and MetaTrader 5. The brokerage house supports the Money Maker trading execution, offering competitive spreads and leverage, special account features customized trading platforms for all operating systems, and accommodative fees for scalpers and EA enthusiasts.

 

Regulated associations

CySEC

FSCA

FSA

DFSA

FCA

 

Free demo account

Yes

Financial instruments

Fiat currency pairs

Cryptocurrencies

CFDs for commodities, stocks, indices, energies, and metals

 

Trading conditions

Tight spreads from as low as 0.1 on selected accounts

Flexible leverage up to 1:1000

EAs, scalping, and hedging permitted

myHF portal enables online account management

Trade CFDs on forex, indices, and commodities

Execution desk and investigation

Transparent rollover policy

Trading platforms

MetaTrader 4 and MetaTrader 5

  • Desktop
  • WebTerminal
  • Android
  • iPhone Trader
  • iPad Trader
  • Multi-Terminal

MT4 and MT5 Comparison

Trading tools

Premium Trader Tools

Autochartist Tool

HotForex Exclusive Analysis

HF App

Economic Calendar

SMS Service

Trader’s Board

HotForex VPS Hosting

One-Click Trading

Auto Trading

myHF Area

Risk Percentage Calculator

Multi-target Calculator

Pivot Points Calculator

Pip Value Calculator

Risk and Reward Calculator

Fibonacci Calculator

 

Account types

Free demo account

Micro account

Premium account

Auto account

HotForex ZERO spread account

Account comparison

Note: HotForex clients can have a maximum of 5 live accounts and 3 demo accounts.

Specialised accounts

No-swap Islamic account

ZERO accounts for near-zero spreads for scalpers and automated traders

PAMM account (only for clients of HF Markets (SV) Ltd.)

Web-based trading platform

Yes

 

Mobile trading platform

Yes

 

Minimum trading deposit

US$ 5

Currency pairs offered

Up to 50

 

Commission

Zero

Withdrawal and closing fees apply to certain trading accounts

Leverage

From 1:2

Up to 1:1000

Leverage may be adjusted where the equity in the account is over $300 000

HotForex payment methods

Credit and debit cards; Visa, MasterCard, Maestro

PayPal

Webmoney

Wire

FasaPay

Sofort

iDeal

MoneyBookers

Neteller

Skrill

Mobi wallet

Client support

24-hours a day/5-days a week

Multi-lingual support desk

Website content available in 27 languages

Education support

Educational material for traders moving through the beginner, intermediate and advanced levels; supported with economic indicators, trading videos, and Ebooks.

Accolades

HotForex is an award-winning global broker. The company has received over 35 highly-prestigious awards issued by the most respected awarding bodies in the financial services industry. HotForex’s greatest honour was being selected in 2013 to join the ranks of the World Finance Top 100 Global Companies.

The World Finance 100 celebrates those who have reached the pinnacle of achievement across a wide variety of fields of expertise as well as those organisations and individuals that lead the way in driving their industries forward.

Each year World Finance compiles the list of 100 individuals and companies – not according to capitalisation figures or growth (like the FTSE 350 or Deloitte Fast 500 respectively), but purely on excellence in their field.

For a full list of the awards that HotForex has won over the years, visit their website.

IS HOTFOREX SAFE TO USE?

HotForex is a legitimate brokerage house and is consistently ranked in the Top 10 of best brokers in the world. It has a reputation for achieving a stable, secure, fair, and transparent trading environment for traders operating at a beginners, intermediate and expert level.

The brokerage house has been recognised by not only its industry peers but by the global financial industry through multiple international awards, including listed on the Top 100 Companies by World Finance Magazine and the Business Excellence 2015 Award through the World Confederation of Businesses.

The company operates as a Straight Through Processing (STP) broker which is the term given to brokers that pass orders on directly to their liquidity provider. The absence of a Dealing Desk intervention makes HotForex’s electronic trading platform an STP.

HotForex is regarded as an average-risk broker. The brokerage house does not operate as a bank and is not a public company.

HotForex is authorised by:

  • One tier-1 regulator
  • Three tier-2 regulators
  • Two tier-3 regulators

The tier-1 regulator is the Financial Conduct Authority (FCA).

FCA is the conduct regulator for 59 000 global organisations operating in the financial services market. It is also the prudential supervisor for 49 000 financial services firms and sets specific financial conduct standards for 19 000 firms.

HotForex has put in place the following to safeguard its client’s financial resources:

Market Leading Insurance

HotForex offers Civil Liability insurance for a limit of € 5 million for no extra cost. The insurance programme is underwritten by Renaissance Insurance Reinvented and covers:

  • errors
  • omissions
  • negligence
  • fraud
  • various other risks

Major banks and segregation of funds

HotForex only banks with the leading financial institutions in the regions in which they operate.

Clients’ funds are received into bank accounts that are separate from those used by HotForex. Clients’ funds are ‘off the balance sheet’ and cannot be used by HotForex to pay creditors in the unlikely event of company default.

Negative balance protection

HotForex can accommodate high volatility in the forex and commodities market through the implementation of a policy of negative balance protection. This means no client is responsible for paying back a negative balance when margin calls and Stop Outs do not function correctly in highly-volatile trading conditions.

 

HOTFOREX REGULATION PROFILE

South Africa

HF Markets SA (PTY) Ltd is an authorised Financial Service Provider from the Financial Sector Conduct Authority (FSCA) in South Africa, with authorisation number 46632.

United Arab Emirates

HF Markets (DIFC) Ltd is authorised and regulated by the Dubai Financial Services Authority (DFSA) under license number F004885.

United Kingdom

HF Markets (UK) Ltd is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.

Europe

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.

Republic of Mauritius

HF Markets Ltd regulated by the Financial Services Commission (FSC) of the Republic of Mauritius, category 1 Global Business No. C110008214 License | Company Reg. No. 094286/GBL.

Republic of Seychelles

HF Markets (Seychelles) Ltd is regulated by the Seychelles Financial Services Authority (FSA) with Securities Dealer’s License number SD015.

WHAT YOU CAN TRADE WITH HOTFOREX

HotForex is a multi-asset broker that offers clients access to leverage products, including forex and a variety of derivatives.

Forex trading

Access to up to 50 currency pairs, including majors, minors and exotics. HotForex offers some of the tightest spreads, starting at 0 pips.

Account Leverage:           1:400

Account base currency: USD

Position:                             Open 10 lots Buy EUR/USD at 1.21745

1 Lot size:                           100 000 units

Cryptocurrency trading

Access to the world’s leading cryptocurrencies developed using blockchain technology, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.

Account base currency: USD

Position:                             Open 1 lot Buy BTC/USD at 8 249.60

1 Lot size:                           1 Bitcoin

Margin requirement:      10% of notional value

Metals trading

HotForex offers Spot Metals trading in both USD and EUR as a 1% margin on Gold and Silver.

Account base currency:  USD

Position:                             Open 10 lots BUY XAU/USD at 1,316.99

1 Lot size:                           100 ounces

Margin requirement:      0.5% of notional value

Indices trading

Access to the world’s leading indices, including the USA500 and UK100 which feature the topmost highly-capitalised companies in the United States and the United Kingdom.

Account base currency: USD

Position:                             Open 5 lots Buy EU50.F at 3,451.95

1 Lot size:                           1 contract

Margin requirement:      2% of notional value

Shares trading

Trade stocks in leading Blue Chip companies, including Google, Apple, Facebook, Microsoft and Coca-Cola.

Account base currency: USD

Position:                             Open 5 lots buy Netflix Share at 328.36

1 Lot size:                           100 shares

Margin requirement:      7% of notional value

Energy trading

Trade derivatives in popular energies, including Brent and Crude oil. HotForex offers derivatives in Spot and Futures contracts with low spreads, small margins and 100-barrel lots. Clients also have access to US Natural Gas with a 1-pip typical spread and a 1 000 Btu lot size.

Account base currency: USD

Position:                             Open 10 lots Buy XAU/USD at 1 316.99

1 Lot size:                           100 ounces

Margin requirement:      0.5% of notional value

Commodity trading

Trade-in commodity stocks with open positions from as little as USD 10; including cocoa, coffee, cotton and sugar.

Account base currency: USD

Position:                             Open 1 lot Buy Cocoa at 2,692

1 Lot size:                           10 metric ton

Margin requirement:      1.50% of notional Value

Bond trading

Trade bonds on the worldwide market, including Euro Bunds, UK Gilts and US10-year Treasury Notes.

Account base currency: USD

Position:                             Open 1 lot SELL EUBUND.F at 159.17

1 Lot size:                           100 shares

Margin requirement:      2% of notional Value

Binary Options

Binary options are an increasingly popular form of trading and HotForex has added this new investment instrument to its portfolio under the brand name OptionTrade. While the brokerage is primarily focused on forex trading, the company sees advantages in the financial asset as an extension to its product offering.

Binary options are a modification of a larger class of financial instruments known as options which are classed below exotic options. In the financial markets, binaries are also known as digital options or ‘all-or-nothing’ options. They are normally traded over-the-counter (OTC).

 

HOTFOREX SPREADS AND LEVERAGE

HotForex offers variable tight spreads. The brokerages also offer a specialised fixed spread account for scalpers and automated traders that is comparable with Interbank spread prices.

Leverage differs by type of account. Maximum leverage for EU clients is 1:30.

Micro Account                  1:500

Premium Account            1:400

VIP Account                       1:300

ZERO Spread account

HotForex offers a ZERO Spread account for low-cost trading with a minimum opening deposit of USD 100. This type of spread account is suitable for all traders but is particularly useful for scalpers, high-volume traders and traders with Expert Advisors.

HotForex clients receive Raw, Super-Tight Spreads when using a ZERO Spread account. The facility offers a highly transparent commission-based structure. Commissions start at a low of USD 0.04 per 1k lot.

In forex trading, lots comprise how many units of currency in the trade. The smallest lot available is a micro lot which is a bundle of 1 000 units of currency (referred to as 1k). This means the smallest trade size you can make is in multiples of 1k.

MT4 Spread

HotForex offers tighter spreads to MT4 account holders with lower trading costs. It offers a spread from 0.1 pip on a VIP account but a much lower spread in a MT4 account during regular trading hours.

HOTFOREX TRADING TOOLS

Premium Trader Tools

The advanced multi-platform is run off MetaTrader4 as an all-in-one package for a wide range of trading strategies. The platform accommodates retail forex traders as well as scalpers.

Features include:

  • trade execution and management
  • sophisticated alarms and messaging
  • user-configured news and market data
  • live sentiment and correlation tracking

Autochartist Tool

Autochartist scans a multitude of trading instruments in real-time and automatically identifies technical chart patterns and Fibonacci patterns. HotForex offers this feature for free to their clients. T&Cs apply.

Features include:

Three pattern types based on support and resistance levels: chart patterns, Fibonacci patterns and key levels

  • 24-hours/5-days a week monitoring
  • scans tradeable patterns automatically and refines traders’ efficiency
  • multi-language email market reports and alerts
  • MT4 and MT5 compatible
  • search functions and filters for customised watch list
  • volatility analysis

HotForex Exclusive Analysis

Daily market analysis hosted by forex experts at leading global financial institutions.

HF App

Advanced technology for mobile live streaming of market rates and daily market analysis as well as direct access to myHF Area.

myHF Area

Conveniently manage all your HotForex trading accounts via the myHF Area, including deposit and withdrawal of funds, access educational resources and trading tools as well as monitor open positions.

HFCopy

HFCopy is a powerful trading tool that allows HotForex’s clients to learn from the masters of forex trading.

With HFCopy, forex traders can expand their trading experience by following and interacting with their peers in the forex market. Once you’ve found an experienced forex trader who matches your preferred trading strategy, you can copy his or her trading actions.

The customised HFCopy programme is similar to what they call CopyKat in the forex market. It offers the following benefits

  • automatically copy trades
  • monitor trades at any time of the day and night
  • set your rescue level
  • withdraw your funds when required
  • follow more than one strategy provider
  • copy different trading styles
  • create a unique portfolio of expert forex traders

Economic Calendar

An economic calendar allows forex traders to track upcoming global economic events and access indicators which alert them to potential price movements and market volatility in real time.

SMS Service

HotForex’s SMS service alerts its clients to price movements in currency pairs. The SMS service is free to use upwards of 5 round-turn lots per calendar month.

Traders’ Board

Access to breaking market news, major currency pairs price movements, market sentiment and analysis of volume traded per symbol.

VPS Hosting

HotForex provides a virtual private server (VPS) to protect its client’s automated strategies and reduce trade latency. HotForex VPS hosting is compatible with all Expert Advisors (EAs).

One-Click Trading

Forex traders can go long and short on forex positions with the click of a button, using HotForex’s One-Click-Trading functionality. This facility is particularly useful for scalpers.

Auto Trading

The Auto Trading feature allows forex traders to automate their trading strategy using free or paid trading signals from the MQL5 Community. This is one of the largest copy-trading communities in the world.

Risk Percentage Calculator

The risk percentage calculator allows forex traders to easily calculate their lot size by specifying the percentage of balance (the amount) they are prepared to risk as well as the opening and Stop Loss price, account currency and currency pair.

Multi-target Calculator

The Multi-target Calculator helps forex traders plan what portion of their positions should be closed at certain target levels in order to gain the best possible return-to-risk ratio.

Pivot Points Calculator

The Pivot Points Calculator helps forex traders identify support and resistance levels by entering High, Low, Close and Current Open Price in the time frame they have set.

Pip Value Calculator

The Pip Value Calculator helps forex traders find the value per pip by entering their account currency as well as the currency pair that is being traded and the position size.

Position Size Calculator

The Position Size Calculator supports forex traders by helping to control their risk. This is done by accurately calculating the size of their position.

Risk and Reward Calculator

The Risk and Reward Calculator helps forex traders to easily calculate their lot size by specifying the percentage of balance (the amount) that they are prepared to risk as well as the opening and Stop Loss price, account currency and currency pair.

Fibonacci Calculator

The Fibonacci Calculator supports the world’s best-known trading strategy by allowing forex traders to calculate the four basic Fibonacci support and resistance replacement values. The high and low values are entered to get started.

WHAT HOTFOREX HAS TO OFFER FOREX TRADERS

Leverage products

Leverage refers to how much of a position a trader can control with funds allocated to it. HotForex offers account leverage of 1:400, meaning a trader can control a $40 000 trading position with only $100 allocated to the trader’s portfolio.

Bear in mind, amplifying the risk using leverage results in larger gains as well as larger losses.

Algorithm trading

Forex is traded over-the-counter and the process is automated. Algorithm trading uses a programming language to process forex trade plans and orders that can automatically be executed by forex trading platforms.

 

Mobile trading

Mobile trading allows investors to access and manage their trading accounts from their Smartphones or mobile devices using wireless technology. This means traders are not restricted to trading from their desktop computers and have the freedom to trade wherever and whenever they would like to trade.

Mobile trading is done using a mobile trading app of your choice loaded on your Smartphone (Android and iPhone) or a mobile device such as a iPad or laptop. It’s been possible for a long time to check your stock performance using live streaming on a mobile device, but the mobile trading apps now allow you to execute trades and manage your account from anywhere.

Free demo account

Like all reputable brokerage houses, HotForex offers its clients access to a free demo account. Trading on a demo account is an essential part of the forex education experience.

Demo accounts allow new forex traders the freedom to test their trading skills in a risk-free environment. Forex trading is risky and although there are almost no barriers to entry, it’s not easy to trade forex. The financial instrument is notoriously high risk and it takes time and patience to develop an appropriate trading strategy.

HotForex clients can register and sign up for a free demo account which is instantly available to start trading virtual (fake) money. It gives clients access to the forex market and up to 40 currency pairs which can be traded in real-time under real market conditions but with zero risks of losing real money on a forex trade order.

Once a client has spent time learning how to trade on a free demo account, they progress to opening a mini trading account that requires only a small amount of capital.

Cryptocurrency trading

HotForex offers one of the best cryptocurrency trading conditions available to traders as well as some of the lowest crypto spreads on the forex market.

A cryptocurrency is a digital coin that was created to allow people to conduct virtual transactions. The most famous example of a cryptocurrency is Bitcoin which took the world by storm when it was launched in January 2009.

HotForex offers access to crypto trading on the following cryptocurrencies:

  • Bitcoin
  • Bitcoin Cash
  • Bitcoin Gold
  • Ethereum
  • Litecoin
  • Ripple

 

CFD trading

HotForex is a leading player in the CFDs trading market. The brokerage house offers its CFD-trading clients competitive spreads and high leverage as well as a secure trading environment.

All spreads are over-market and margin requirements can increase based on position size, news release and/or volatility. Maximum position limits may be reduced during periods of volatility and position limits may be introduced on any security during periods of volatility.

In-depth market analysis

HotForex is a MetaTrader broker that provides forex traders access to in-depth analysis that every trader needs to build a successful trading strategy. There are two main methods of analysis: fundamental analysis and technical analysis.

  • Fundamental analysis is the process of applying macroeconomic theory to markets. It provides forecasts on trends with four fundamental forces driving market trends: balance of trade, interest rates, relative inflation rates and expectations and speculation.

These driving forces act simultaneously and the combined effect is often difficult to assess. This is where technical analysis is helpful.

  • Technical analysis is the task of exploring a financial asset’s dynamics, rate and price change amplitude using graphics to represent price movement.

The main tools used for technical analysis on HotForex’s trading platform are charts, support and resistance levels, trends, range and indicators.

 

Instant withdrawals

HotForex allows its clients to make electronic deposits and withdrawals from their trading account using electronic payment systems such as EFTs, wire transfers, credit cards, PayPal, WebMoney, MoneyBookers and Neteller.

HotForex clients can withdraw funds from their trading accounts on a withdrawal request using an electronic purse or wallet. Instant withdrawals are automated which means HotForex clients have complete authority over their trade accounts.

The only requirement of fund withdrawals is the money has to come from the same electronic purse that the funds were originally deposited into and/or replenished.

Commission and spreads

No commission trading and low average spreads, depending on account type.

Retail traders are charged higher spreads than professional traders.

Withdrawal and closure fees are applicable on certain transactions.

Multi-lingual service and support

HotForex is a multi-international forex trading house and offers a multi-lingual support desk. The support team is conversant in the major global languages and content on the broker’s website is available in 27 languages.

 

Trading education

HotForex produces a wealth of up-to-date trading education material as well as trading guides for beginners and professional forex traders. HotForex believes in providing its clients with the resources to trade successfully and get results.

You can learn to trade through HotForex by registering and setting up a free demo account. Thereafter, take advantage of a wide range of forex trading live webinars hosted by dedicated forex experts as well as its forex training eCourses and videos.

HotForex also produces daily market resources for fundamental and technical analysis. This information is accessed through the MetaTrader 4 and MetaTrader 5 trading platforms.

HOTFOREX BONUS OFFERINGS

100% Credit Bonus

  • Increases account leverage
  • Relaxed Time Limit for completing volume requirements which encourage prudent trading
  • Bonus can be withdrawn if volume requirements are met
  • Sets the Stop Out level on cash balance as zero

100% Supercharged Bonus

  • Earn daily cash rebates of USD 2 per lot directly to your account
  • Applies to every deposit of USD 250 or more
  • Leverage of underlying account prevails
  • Maximum cumulative bonus USD 50 000
  • Increases account leverage
  • Maximum cumulative rebates USD 8 000

30% Rescue Bonus

  • Increases account leverage
  • Applies to deposits over USD 50
  • Additional Stop Out Bonus for qualifying accounts
  • Maximum cumulative bonus USD 7 000
  • Protects from the period of drawdown
  • Can be lost but not withdrawn

FREE ACCOUNT FUNDING

 

HotForex offers free and secure account funding through its Free Account Funding. The brokerage house does not impose any additional fees on transactions to deposit funds in a trading account.

Free Account Funding is automatically activated when you register with HotForex and are approved for a Live Account. To access your account, log in to myHF Area and fund your account as per normal using your preferred payment method.

In some instances, HotForex even refunds any banking charges incurred for fund transfers. T&Cs apply.

HotForex offers Free Account Funding to ensure the funds you deposit in your Live trading account will reflect as the same amount credited to your account. This safeguards its clients on the expected margin.

Register to open a Live Account with HotForex using their online application form.

 

HOTFOREX TRADING PLATFORMS

HotForex is primarily a MetaTrader broker. Forex traders have the option of trading with MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Beginner forex traders can register and open a free demo account on both the MT4 and MT5 trading platforms.

Clients can trade on both platforms as long as they have completed the required downloads and installations. Bear in mind, the MT4 trading platform only works with MT4 accounts, and the MT5 platform with MT5 accounts. You cannot trade a MT4 account on a MT5 platform.

MetaTrader 4

MetaTrader is an electronic trading platform that was pioneered by the developers, MetaQuotes Software. The software company has released a number of versions since it started up in 2002 but hit the jackpot with a significantly enhanced version called MetaTrader 4 that it took to market in 2005. In 2010, MetaQuotes Software introduced the significantly re-coded MetaTrader 5.

Today, MetaTrader 4 (MT4) is one of the most widely-used online trading platforms for retail foreign exchange (forex) speculative traders. MetaTrader 5 (MT5) is a more advanced trading platform and is growing in popularity as investors find value in its superior features.

MetaTrader 5

MT4 and MT5 both provide forex traders with an advanced automated trading system supplemented with advanced technical analysis features and expert advisors. MT4 was built almost entirely for forex trading, where MT5 functions to provide traders with access to CFDs, stock and futures. Bear in mind, MT5 is not an upgrade of MT4, it has its own function.

MT4 is simpler to use and more suitable for investors who are new to trading in forex. MT5 is a more versatile trading platform with advance features and suitable for investors who are trading across a broader platform than forex.

 

HOTFOREX REWARD PROGRAMME

HotForex offers its clients rewards for consistent trading on four different levels. The more active trading days you accumulate, the more HotForex Bars you earn for each round-turn lot that you trade.

The HotForex Bars can be exchanged for cash or trading services. Just getting approved and transferring funds to your myHF account earns you 100 HotForex Bars.

35 HotForex Bars = 1 USD

A cap of 1 000 HotForex Bars can be redeemed for cash.

What can HotForex Bars buy you?

1 100 HF Bars = 1-month access to Silver VPS

1 500 HF Bars = 1-hour private session with an expert HotForex market analyst

3 100 HF Bars = 3-month access to Silver VPS

HotForex Red Card

Qualify by registering for the HotForex Trading Rewards programme.

Earn 6 HotForex Bars per lot

HotForex Silver Card

Qualify when you have accumulated 31 Active Trading Days!

Earn 8 HotForex Bars per lot

HotForex Gold Card

Qualify when you have accumulated 62 Active Trading Days!

Earn 10 HotForex Bars per lot

HotForex Platinum Card

Qualify when you have accumulated 105 Active Trading Days!

Earn 12 HotForex Bars per lot

 

REVIEW BY FOREX FRAUD

Forex Fraud is a site set up to inform traders and investors about forex scams, commodity fraud and other investment scams. They provide the best informative guide on the subject of fraud and scams related to the forex trading market.

Forex Fraud compiles a list of world-wide trusted forex brokers and monitors activities within the global broker industry. This is what Forex Fraud reported on for HotForex.

“HotForex has gone over the top to give its customers what they truly want. The firm exemplifies the true meaning of the words “full-service” and “one-stop-shop”.

If you want it, you will find it (at HotForex); competitive spreads and leverage, special account features customized trading platforms for all operating systems, accommodative fees for scalpers and EA enthusiasts.”

 

Forex Trading Africa Disclaimer

Forex is a complex financial instrument and trading forex involves a high risk of losing money rapidly due to leverage. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way.

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