Hot Forex Broker
Company | HF Markets Ltd |
---|---|
Founded in | 2007 |
Online since | 2010 |
Offices in | Mauritius |
Payment options | CashU, Credit/Debit Cards, Liberty Reserve, Moneybookers, netteler, Perfect Money, Web Money, Wire Transfer |
Demo Platforms | Meta Trader4, MT4 Mobile |
Account currencies | Euro United States Dollar |
Currency pairs | AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/USD CAD/JPY CHF/JPY EUR/AUD EUR/CAD EUR/CHF EUR/DKK EUR/GBP EUR/HUF EUR/JPY EUR/NZD EUR/PLN EUR/RON EUR/USD GBP/AUD GBP/CAD GBP/CHF GBP/JPY GBP/NZD GBP/USD NZD/CAD NZD/CHF NZD/JPY NZD/USD USD/CAD USD/CHF USD/DKK USD/HKD USD/HUF USD/JPY USD/NOK USD/PLN USD/RON USD/SGD USD/TRY USD/ZAR ZAR/JPY |
US Traders welcome? | No |
Website available in (languages) | Arabic, Bulgarian, Chinese, English, German, Greek, Hindi, Japanese, Korean, Persian, Russian, Spanish, Thai |
Support available in | Arabic, Bulgarian, Chinese, English, German, Greek, Hindi, Japanese, Korean, Persian, Russian, Spanish, Thai |
Support methods | Email, Live Chat, Phone, Web Form |
Account Types (micro standard executive islamic) | Micro, Premium, Currenex Account, V.I.P Account, Islamic Account |
Minimum account size | $1 |
Minimum position size | 0.01 lot |
Spread type | Variable |
Typical spread on EUR/USD, pips | 1.5 |
Minimum spread on EUR/USD, pips | 1 |
Scalping | Allowed |
Expert advisors | Allowed |
Trading instruments (GOLD; CFD, etc. and the leverage) | Forex- 1:1000, Gold and Silver- 1:100, CFD- 1:100, Oil- 1:100, Soft Commodities- 1:100 |
Trading platforms | Meta Trader4, MT4 Mobile, MT4 Web Trader |
Digits after the dot in quotes | 5 |
Margin call level | 40% |
Stop-out level | 10% |
Number of currency pairs | 42 |
Bonus offers | Yes |
Free education | Yes |
Personal manager | Yes |
MAM accounts | Yes |
Segregated accounts | Yes |
Affiliate program | Yes |
Islamic accounts available | Yes |
· Hedging | Yes |
Overnight interest rates (swaps) | Yes |
Trailing stop | Yes |
Pending orders | Yes |
One-click trading | Yes |
Mobile trading | Yes |
Browser-based platform | Yes |
Automated trading | Yes |
HF markets Limited for Hot Forex broker as it is commonly known in the market was founded in the year 2007. In their quest to be at par with other brokers in the market Hot Forex also started their online trading service which was internet based in the year 2010. They have their office in Mauritius and is not regulated by any regulating authority in any country. They have many bonus offers which is liked by traders as it adds to their funds. Free trade related educational materials like tutorials, videos and webinars are available to the customers on the website. Personal manager is also provided to the customers who help them to manage their accounts better. Segregated account is to assure the customer that the company’s fund and the trader’s funds are kept separate and hence the money is safe. Islamic accounts are there for Muslim traders and they also have the facility of overnight interest rates swap. Trailing stops, pending orders, one click trading, mobile trading, browser based platform and automated trading are some more features.
They have many options of making the deposit or doing the withdrawal and hence are mostly hassle free. The trading platform for demo account includes Meta Trader 4 and Meta Trader Mobile whereas for real account it also includes Web Trader in addition to this. The account currencies allowed is Euro and United States Dollar. They have 42 currency pairs in which the traders can trade in and has all the major pairs. The website as well as the customer support service is multilingual and is available in 14 languages. The customer service is excellent and is very prompt in their replies and also is very friendly. The minimum deposit required to open an account with them is only $1 but obviously to start the trade they will require fund much more than this.
The reviews being the best way to find about a company, when you go through Hot Forex reviews you will find many happy and satisfied customers. One of the many features that is liked by the traders is that the leverage on forex trading is 1:1000 and is one of the highest in the forex market. The minimum deposit required to open an account with them is only $1 and is a boon for many small traders. The website and customer support service is excellent and available in 14 languages. The customer service is of world class and can be reached to find solution to any trade related issue. The use of Expert Advisor and scalping is allowed to the traders. The payment options are many and hence the deposit and withdrawal of funds is an easy affair. They allow trading in CFD, gold, silver, oil and soft commodities along with 12 currency pairs which include all the major pairs. Their trading platform allows fast execution of trade and is very fast. The average rating given to the company by its users is 5.8 out of 10.