Hotforex Broker Review

Hotforex is a great broker for all levels of forex trading experience. Hotforex uses the Meta Trader 4 Platform (mt4) which is the most popular and advanced trading platform used and preferred by most forex traders. HotForex broker is an ECN/STP (Electronic Communication Network / Straight Through Processing) forex broker based in Mauritius that allows traders to access interbank spreads via the Metatrader 4 platform. HotForex is one of the best forex brokers for scalpers and for those who use automated trading programmes such as FAP Turbo and Zulutrade because to its Straight Through Processing policy and its electronic communications network (ECN).  

Hotforex is a great broker for trading with and one you know you can trust as it is licensed by the (FSC) Financial Services Commission  of Mauritius. The fact that Hotforex is a licensed broker should be more than enough to assure forex traders that their money is in safe hands with Hotforex.

Hotforex has five different trading accounts to suit any traders needs, these accounts are: Mircro, Islamic, Volume, Standard and Currenex. With all these accounts you will receive a 20% deposit mactch bonus on all deposits made.

Micro Account:

Designed for traders new to the Forex market and those trading smaller volumes, the Hot Forex Micro account allows investors to trade smaller trade.

• Trading platform: MetaTrader 4
• Spreads: from 0.8 pips
• Trading instruments: 25 Currency Pairs
• Max leverage: 1:500
• Minimum opening deposit: USD $25
• Minimum trade size: 0.01 lot
• Maximum trade size: 2 lots
• Commission: No
• Raw Bonus: 20% on every Deposit

Standard Account:

The Standard Account accommodates the experienced retail traders. Tight dynamic spreads and fast execution is the main aspects of this type of account.

• Trading platform: MetaTrader 4
• Spreads: from 0.8 pips
• Trading instruments: 25 Currency Pairs
• Max leverage: 1:300 (up to 10k), 1:200 (10k up to 50k)
• Minimum opening deposit: USD $500
• Minimum trade size: 0.10 lot
• Maximum trade size: 20 lots
• Commission: No
• Raw Bonus: 20% on every Deposit

Volume Account:

The HotForex Volume Account is for the institutional traders. Main aspect of this account is the spread.

• Trading platform: MetaTrader 4
• Spreads: from 0.3 pips
• Trading instruments: 25 Currency Pairs
• Max leverage: 1:100
• Minimum opening deposit: USD $50,000
• Minimum trade size: 0.5 lots
• Maximum trade size: 50 lots
• Commission: No
• Raw Bonus: 20% on every Deposit

Islamic Account:

The two Islamic account types available replicate the HotForex Micro and Standard accounts but with the key feature of no SWAP being applied.

• Trading platform: MetaTrader 4
• Spreads: from 0.8 pips
• Trading instruments: 25 Currency Pairs
• Max leverage: 1:300 (up to 10k), 1:200 (10k up to 50k)
• Minimum opening deposit: USD $25
• Minimum trade size: 0.01 lot, 0.1 lot
• Maximum trade size: 20 lots
• Commission: No
• Raw Bonus: 20% on every Deposit

Currenex Account:

The Currenex account is for the traders that trade with quotes from Currenex. Spread is the main aspect of this account.

• Trading platform: MetaTrader 4
• Spreads: from 0.3 pips
• Trading instruments: 25 Currency Pairs
• Max leverage: 1:100
• Minimum opening deposit: USD $500
• Minimum trade size: 0.10 lots
• Maximum trade size: 20 lots
• Commission: $5 per 100,000 USD Traded
• Raw Bonus: 20% on every Deposit

Click Here To Join Hotforex

PDA Mobile Forex Trading

When you’re on-the-move, use HotForex MT4 Mobile to access your Trading Account and trade through your web–enabled mobile phone/PDA. Our HotForex MT 4 Mobile Platform is comparable with our full-function Trading Terminal. You will be able to fully access the financial markets and make orders from anywhere in the world. Apply technical analysis and chart the movements to all the instruments we offer.

Bringing both advanced charting and trading tools together, with flexibility for the trader on-the-move, HotForex MT4 Mobile is an ideal choice.

For mobile terminals to operate it is necessary to have a PDA with the operating system MicroSoft Windows for Pocket PC2002 (or later versions) or a Smartphone with the operating system MS Windows Mobile for Smartphones 2003 SE (or later versions)

BENEFITS Supports 30 technical indicators Multi-lingual support allows to switch between languages Access to the news information feeds. Secure and confidential.