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Hot Forex: Hot Forex is a worldwide online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and. HFM is a multi-asset broker that offers Forex and Commodities, previously known as HotForex through CFDs trading services choice of 7 account types and. Get direct access to the world's top financial markets and trade with industry leading conditions and cutting-edge technology anywhere, anytime. GOOD ONLINE SPORTS BETTING SITES
But the spreads are competitive for all the pairs they offer. You can have access to trade on 7 Major pairs and other Minor, Exotic currency pairs. CFDs on Indices: Trading Index involves speculation on the movement of a section of a market, instead of individual stocks.
Depending on the market movement, there will be potential for profits. You can trade both Spot market Indices plural for Index as well as Futures market. You may refer here for the full details on various Indices on offer on HotForex. They have advantages like low margin requirements, low transaction fee etc. As many as 56 share contracts of reputed companies can be traded on HotForex by the time of this writing. CFDs on Commodities: Commodities are sensitive to political and economic events, which makes them attractive to traders.
HotForex gives access to trade on popular commodity markets. HotForex MetaTrader platforms HotForex has trading platforms for all kinds of trading needs, whether it be Desktop or on-the-go using mobile. Their platform is perfect for forex and futures trading, and is developed by MetaQuotes Software Company.
We discuss the mobile and web terminal in more detail in this review below: Mobile platform: HotForex supports trading on iPhone, iPad as well as Android MT4 platforms. The beauty of these platforms is the one-click execution of trades which allows you to place trades easily on-the-go. You can even perform a number of trading operations like monitoring, access to trading history, real-time charts, dynamic monitoring of account details etc which makes it very useful.
You can access this directly on any browser by just launching it and logging in with your account details, place trades on just a click-of-a-button. You can view your trading activity and analyse using advanced analytical tools and charts at your disposal. Local bank transfer is the easiest option available. The withdrawal time is up to 48 hours, but there is no extra fees with this method. The bonus can be withdrawn, provided certain trading volume conditions are met as specified in their terms..
Overall the bonus at Hotforex is good. We advise to contact their support at [email protected] if you have any questions regarding their bonus. You can contact them any time i. Helpful Live Chat Support Recommended method for contact : Live Chat Support is available on their website which is very quick responsive.
The chat is available to visitors as well, but they normally ask for Country of Residence before answering the questions. We found the responses to be quite helpful. Fair Email Support: You can send a mail to Hotforex at [email protected] to contact them regarding any query or issue. There are also different emails for various departments, all of which are mentioned in the Contact Us page of HotForex. Normally they reply back within 12 hours via email. It is similar to email and their response time is also same.
You can also submit a call back request to their chat or email. Their support is quite good compared to many other CFD brokers in SA, plus they also have local phone support available. Do we recommend HotForex South Africa? Yes, we do recommend HotForex to South African traders. Moreover, HotForex is offers one of the lowest spread with their trading accounts out of all the brokers that we have tested so far.
Their fees is low to moderate, depending on the account type. Their support is also very reliable as per our tests. They also have a local phone number for support in South Africa. But, the support is not available during the weekends.
Also, the number of trading instruments could be higher. To sum up, HotForex offers an end-to-end solution from on-boarding, to execution and settlement of payments. The exact minimum deposit depends on the account type that you choose.
The lowest deposit is R70 with Micro account. You can make deposit via EFT or local bank transfer. The instrument is listed as US Tech on their platform. Is HotForex regulated in South Africa? Is the trading fees at HotForex low? SD Market Instruments HotForex offers popular tradable instruments of the global financial markets, including forex, precious metals, energies, indices, commodities, electronic currencies, bonds, ETFs, stocksDMA, etc. HotForex Leverage What astonishes us is that trading leverage availale on Hotforex platform is incredibly high, with the highest leverage up to High trading leverage may not be that cheering sometimes, for some illegal brokers will use leverage to seduce investors, and most inexperienced investors will end in loss of money.
For Premium accounts, the minimum spread starts from 1 pip, and no commission is charged for trading. For Auto accounts, the minimum spread starts from 1 pip, and no commission is charged for trading. For PAMM accounts, the minimum spread for high users starts from 1.
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