As well, traders can learn the fundamentals of trading and how to successfully use the MetaTrader 4 platform. Traders have access to numerous webinars, video tutorials, market news, articles, and more. The live chat is the best option for users who have small issues or questions that they want dealt with very quickly. Email and phone contact options are good for more specialized issues and responses take longer. HotForex allows traders to deposit and withdrawal funds with various methods. The minimum deposit amount is only $50 which is very low compared to competitors in the industry, and there is no limit for minimum withdrawal amounts.
HotForex trading fees
A direct line to the finance department where most issues may arise is missing, but phone support exists. This UK review appreciates the regulation and authorisation of HF Markets (UK) Ltd under the Financial Conduct Authority. Other HF Markets Group entities are regulated around the world by the DFSA, FSCA, and FSA.
About the Editorial Team
Use MetaTrader 4 to its full potential with HFM world-class trading conditions and enjoy a seamless trading experience. With an easy-to-use interface, advanced functionality and ultra-fast execution, MetaTrader 4 accommodates the demands of experienced and novice hotforex broker traders alike. Our mission is to provide the best customer service to our clients by maintaining a superb client-centric culture. HFM aims to lead the way through the use of cutting-edge technology, innovative system solutions and unrivalled customer service.
Non-trading fees
As such we may earn a commision when you make a purchase after following a link from our website. Due to regional restrictions, HF Markets does not provide its services to residents of the US and a few other countries like Canada, Syria, Sudan, and North Korea. Bank wire transferWire transfers are supported with no maximum deposit and a minimum of $100.
- You’ll also find that you are always covered by negative balance protection, no matter your account type or the market conditions.
- HotForex is owned and operated by HF Markets Ltd. with their headquarters located in St. Vincent & the Grenadines.
- This increases to $10, $20, and the previous year’s fee + $10 per month for inactivity periods of 1-2 years, 2-3 years, and over 3 years respectively.
HotForex markets and products
They do not charge any fees for deposits or withdrawals on most of the methods available. The only money transfer methods that incur fees are bank wire transfers, which charge fees for transfers less than $250, and American Express, which charges 6.5% for money transfers. As for commissions and spreads, there is a 10% commission charged on the trading of all stock CFDs.
The How-To videos explain essential functions of the myHF back office and the MT4/MT5 trading platforms. Webinars, podcasts, and live events add a personalized touch https://forexbroker-listing.com/ and interactive educational experience. HFM also partnered with Blue Sky Forex for free webinars, enhancing the overall approach to educating beginner traders.
Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. HFM caters to traders resident in most countries, except the USA, Canada, Sudan, Syria, North Korea, Iran, Iraq, Mauritius, Myanmar, Yemen, Afghanistan, and Vanuatu. Please note that EEA traders must trade with the less competitive Cyprus subsidiary as HFM does not accept them via its international brokerages. A four tier loyalty program rewards active traders with cash rebates and other perks. HFM also introduced a Return on Free Margin program, paying up to 3.00% on the available margin, calculated daily, and paid monthly directly into the myHF wallet.
HotForex reviews are accompanied by the successful sponsorship of the French football club, Paris Saint-German. This makes HotForex a highly reliable broker because a top-tier football team would only partner with legit brokers. In addition to that, HotForex incorporates the use of MT4 and MT5 that are compatible with any mobile device using Android and iOS, making it easier for clients to trade on the go. There are clear instructions on how to install and uninstall the Metatrader for different operating systems, which is great for beginner traders.
We have become a one-stop shop for cutting-edge technology, wide-ranging education and the best trading conditions. Open an account and get instant access to trade ideas, analysis and personal support. Choose from Alpari Mobile, our easy, yet powerful mobile app, or MetaTrader 4 or 5, the world’s most popular feature-rich platform with advanced charting and analysis. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
During our HotForex Forex broker review, we explored 7 different live account types. These account packages are filled with impressive and convenient trading conditions. Some grant access to a high-tier ECN trading platform, while others making sure that beginners are met with affordable requirements.
This is a fully online course, which is free for all HotForex clients, designed to teach you the fundamentals of trading. MT5 is the perfect choice at HotForex if you are a more advanced trader who will make the most of these extra tools. You can download the platform for desktop, or use it via WebTerminal, like its predecessor.