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hotforex
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HOTFOREX OVERVIEW

COMPANY INFORMATION ACCOUNT INFORMATION
Broker Name HF Markets Ltd. (HotForex) Segregated Account Yes
Website  www.hotforex.com Islamic Account Yes
Headquartered In Mauritius Institutional Account Yes
Founded In 2010 VIP Service Yes
Regulating Authority FSC (#C110008214)(Mauritius), CySEC PAMM / MAM Account PAMM
US Clients Accepted No Deposit Option
Bank Wire, Visa, Electron, Master Card, Web Money,
Skrill, Neteller, CashU, FasaPay, Ukash
Broker Status Independent Broker Withdrawal Option
Bank Wire, Visa, Electron, Master Card, Web Money,
Skrill, Neteller, CashU, FasaPay
Broker Type No Dealing Desk TRADING TERMS
Telephone Number +44-2033185978 Trading Platform
HotForex MT4, Multi Terminal, Smart Phone, iPhone,
iPad, Android, Droid, Web Trader, FIX/API
Fax Number +44-2033188569 Precision Pricing 5 Digits
Email Support [email protected] Type of Spread Fixed and Variable
International Office Cyprus, Poland Commission

$10 Round on Currenex Account

Web Site Language Multi Lingual Scalping Yes
ACCOUNT INFORMATION Hedging Yes
Free Demo Account Yes Expert Advisors Yes
Min. Deposit $5 Lowest spread Lowest spread on EURUSD 0 Pips ( Zero Spread Account)
ECN Deposit $500 (Currenex Account) Trading Instruments
Metals, Oil, Gold, Silver, Indices, Stocks, Commodities,
Forex, CFDs, Option
Account Currency USD, EURO One Click Execution Yes
Maximum Leverage 1000:1 OCO Orders No
Minimal Order Vol. 0.01 Managed Account Yes
TRADING TERMS Email Alerts No
Interest on Margin Yes Mobile Alerts Coming Soon
OS Compatibility Microsoft Windows, Mac, iPhone, iPad, Android, Web Trailing Stops Yes
Streaming News Feed Yes Mobile Trading Yes
Charting Package Yes Web Based Trading Yes
Trading Signal Yes CUSTOMER SUPPORT
Market Commentary Yes Customer Support Lang Multi Lingual
CUSTOMER SUPPORT Personal Account Manager Yes
Customer Service Hours 24/5 Email+Phone support Yes
Place Trades Over the Phone No Email Response time Within 24 hours
PROMOTION PROMOTION
No Deposit Bonus No Trading Tools Yes
Bonus for First Deposit Yes ( Only for some country) Other Promotion Yes
Free VPS Yes ( Conditional) Close trade over the phone Yes
REAL TIME SPREAD MONITORING

CURRENT PROMOTION
Traders Awards 2015 Demo Contest Refer a Friend Promotion HotForex Merchandise Survey Prize VIP Contest

IMPORTANT NOTE: All above information is successfully verified by HOTFOREX TEAM. If you find anything worng then must inform us immediately.

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ABOUT AXITRADER

Voted by World Finance as the Best Online Broker for Asia for 2012, Hotforex.com is an upcoming broker that is making waves in the online Forex brokerage arena. Registered and located in Mauritius, Hotforex.com is a regulated by the Financial Services Commission. The company thrives on Honesty, Openness and Transparency.

TRADING PLATFORMS

HotForexr offering different kind of trading platform for better trading. Such as..

  • Meta Trader 4
  • MT4 Multi Terminal
  • Smart Phone Mobile Trading
  • HotForex iPhone Trader
  • MT4 for iPad
  • MT4 for Android
  • HotForex Web Trader
  • HotForex FIX/API

TRADING ACCOUNTS

account1

 

COMMISSION AND SPREADS

With respect to the spreads charged by Hotforex, this will depend on the type of trading account as well as the volume traded. For VIP and Currenex account holders, the spread starts from 0.2 pips. The spread for the other types of trading accounts start from 1 pips.

SWAP RATES AND ROLLOVER

Rollover is also called Swap. It is the interest paid or for holding a position overnight. Each world currency has an interest rate connected to it. Since forex is traded in pairs, every trade involves not only two different currencies, but also two different interest rates. If the interest rate on the currency you bought is higher than the interest rate of the currency you sold, then you will earn rollover (positive roll). If the interest rate on the currency you bought is lower than the interest rate on the currency you sold, then you will pay rollover (negative roll). Rollover can add a significant extra cost or profit to your trade depending.

Example:

When you buy the EUR/USD pair, you are buying the euro, and selling the U.S. dollar to pay for it. If the euro interest rate is 1.00%, and the U.S. rate is 0.25%, you are buying the currency with the higher interest rate, and you will earn rollover — about 0.75% on an annual basis. Conversely, you sell the EUR/USD pair, you are selling the currency with the higher interest rate, and you will pay rollover — about 0.75% on an annual basis, since you are paying the euro interest rate and earning the U.S. interest rate.

MARGIN & LEVERAGE

* Margin Based on a position size of 1 lot which equals to 100,000 and 1:100 leverage.
** Swaps values are in pips/lots and may be adjusted daily based on market conditions and rates provided by our Liquidity Providers applicable to all open positions. Triple swaps are applied every Wednesday
*** Trading session is open between 09:20 – 17:55 GMT+2

(A) Volume limitation applies.

Margin Calculations for Forex

Margin will now be calculated as the following:

Position Size/Leverage * Currency Pair Current Exchange Rate. For example if an account has 1:500 leverage and opens a 1 lot (100,000 position) in EURUSD then the required margin is the following:

100,000/500 * 1.4388 = $287.76

Attention: During the time period from 23:55 to 00:05 server time increased spreads and decreased liquidity can take place due to daily bank rollover. In case of inadequate liquidity/spreads during bank rollover, widened spreads and excessive slippage may occur. Therefore orders will not be executed during these times.

PAYMENT METHOD

OPTION MAX. DEPOSIT AMOUNT MIN. DEPOSIT AMOUNT DEPOSIT TIME DEPOSIT FEES
Bank Wire No Limit $100
Funds sent by wire transfer usually take between
2-7 working days to be credited to your account.*
For wire transfer below USD $250 HotForex
will not cover the fees.
VISA $10000 $5 Up to 10 minutes None
VISA Electron $10000 $5 Up to 10 minutes None
Master Card $7500 per Transaction $5 Up to 10 minutes None
Web Money $50000 $5 Instant None
Skrill $10000 $5 Instant None
Neteller $50000 $5 Instant None
CashU $500 $5 Up to 10 minutes None
FasaPay $5000 $5 Instant None
UKash $1000 $5 Instant None

WITHDRAW OPTION

OPTION MAX. WITHDRAWAL AMOUNT MIN. WITHDRAWAL AMOUNT DEPOSIT TIME DEPOSIT FEES
Bank Wire No Limit $100 2-7 business days Depends on Corrosponding Bank
VISA Electron $10000 $15 2-10 business days None
Master Card $10000 $15 2-10 business days None
Web Money $50000 $5 Up to 2 business days None
Skrill $4000 $5   None
Neteller $10000 $5   None
FasaPay $5000 $50   None

 

POSITIVE SIDE VS NEGATIVE SIDE

POSITIVE SIDE NEGATIVE SIDE
Very popular broker that is regulated from FSC & CySEC. During high volatile news time you may get low requotes, slippage, delay trade execution.
Different types of account so trader can select their best one. Deposit bonus only for certain countries.
Moderate spread. On currenex account commission 10 USD that may litttle bit high.
Segregated accounts, investor compensation fund, dealing with top tier banks that really very importat issue.  
Good trade execution.  
Low minimum investment $5.  
Different kinds of promotion.  
Multiple choice of Trading platform.  
High leverage up to 1000:1  
Comprehensive customer support.  

 

CONCLUSION

Established since 2008, Hotforex have been gaining popularity among many retail traders. While most brokers will try to concentrate on the big traders, Hotforex have not neglected the small trader. This is evident in features of their micro trading account. You don’t need a small fortune to start trading and furthermore, their spreads are quite reasonable. It is no wonder that Hotforex managed to capture an award from World Finance for 2012.

FXSUCCESS FULL REBATES SPECIFICATION

Click here to check full rebates specification

TRADING INSTRUMENTS STANDARD ACCOUNT ZERO SPREAD ACCOUNT
ALL TRADING INSTRUMENTS Up to 5.5 USD (0.55 Pips) No Rebates Applicable

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[ratings id=”5407″]