One of the most famous online Forex brokers that is working with MetaTrader4 platform and it has very wide range of currency pairs. It was founded in 2010 with headquarters in Mauritius. Here we will give you a review of this ECN trader that is named HF Markets Ltd, but better known as HotForex. It has standard brokerage aspects, which include major currency pairs as well as exotic. Also, they made their website user-friendly in terms of translating it into 19 languages: English, German, French, Italian, Spanish, Portuguese, Bulgarian, Russian, Polish, Greek, Arabic, Indonesian, Persian, Malay, Bengali, Japanese, Chinese (Simplified), Chinese (Traditional) and Thai. This broker offers excellent 100% hotforex bonus.
Hotforex is regulated by FSC AND CySEC. Minimum amount of money that users can deposit is 5 dollars and that is when using Micro Account. Maximum leverage is 1:1000 for Micro Account and 1:400 for Premium and Islamic accounts.
Users can download standard MT4 trading platform on their computer desktops or as PDA and smartphone application. There are also numerous ways that HotForex makes easy for their users to access to their services: iPhone, PAMM, Smartphone, Android, iPad and Blackberry. Also, it can be used by those who prefer browser-based Forex trading and it is expected that ZuluTrader and MirrorTrader will also join to HotForex services portfolio.
The focus of HotForex website is on the company’s rollover policies and favorable trading conditions. Also, HotForex offers Forex education is there as yet another accessory, and not their major tool for their users. HotForex’s website is designed in such a way that there are tools for trading that are placed at the bottom of the page among which really useful and – so to say – cool tools were some calculators; Fibonacci calculator, the pip calculator and the Pivot Point calculator. These calculators shouldn’t mean a lot to novice Forex traders, but to those with experience it should be useful.
For novice users, or anybody who needs any help, HotForex offers excellent customer support service. Telephone lines in 10 world languages that are available 24 hours per day (each working day ), chat and e-mail communications are there on disposal for the customers. Even though the team can sometimes direct you to visit the education centre, they can assist you with anything you could ask. Their chat operators are always eager to offer you their help.
If registering for a Forex broker gives you any difficulties, it is apparent that HotForex offers easier way to register. This is because when you want to register, on the popup window, before you choose which account you want to register for, there are enlisted possibilities for each account, so you can compare them directly if there is any doubt about which one to register for.
You can deposit your money via several different options; such are credit card, webmoney, perfectMoney, Neteller, MoneyBookers, cash-U, U-Kash, wire transfer. One of the most popular online money transfer server, PayPal, was not on the list which was the only weird thing about depositing money besides the fact that only two currencies used for depositing are EUR and USD. The webpage itself is available in 15 languages (English, French, German, Italian, Portuguese, Spanish, Russian, Arabic, Mandarin, Japanese …)
Withdrawals are something that you will love! Withdrawing will be done in 24 hours, unlike many other where they take two or three days. And if you have trouble with your connection, you can phone HotForex and finish your transactions via telephone. That is something you won’t find on many other Forex brokers. And this is one of the reasons why HotForex is one of the best there are.
If you are experienced trader, you probably have heard about HotForex, but maybe didn’t know about some of the options it offers until now. In addition, it is worth mentioning that for novice users HotForex might appear something you need to have experience with, but with customer service, you will get all the experience you need to properly use the full potential of this ECN broker that has many currency pairs with fast execution (24 hours!!!) and MT4 platform.