Established in 2010, HotForex (now HF Markets) is a MetaTrader broker subject to FCA, SySEC, and other regulatory bodies. It provides access to over 1,000 securities, including precious metals, commodities, equities, bonds, and stock indexes, as well as cryptocurrencies and 47 currency pairings compared with other forex brokers. Mobile trading is available through MT4, MT5, and the exclusive HF App (in development).
Here are a few essential features of HotForex:
- The traders have a choice of six account kinds. Depending on the account type, maximum leverage limits spread, and complete order sizes, which vary depending on their needs, the minimum deposit amount ranges from $5 to $250.
- HotForex is the leading provider of in-depth market research, news, and trader training. This manifests as articles, videos, quick courses in trading, and a thorough update on the most current financial markets.
- HotForex offers MT4 and MT5 cutting-edge trading tools that provide an excellent trading experience. The trading platform’s technical analysis service offers a variety of charting tools, trading signals, market characteristics, and trade execution. It provides an Autochartist tool driven by AI pattern detection to assist traders in strategically timing their trades.
- The website provides access to more than 1,000 securities, including Metals, Forex pairings, energy, cryptocurrencies, ETFs, and stock indices. The traders can choose from a variety of tradable assets. The large assortment of tradeable assets is above average for its pricing structure compared to other platforms from the best forex brokers.
- HotForex offers a proprietary HF app that enables users to follow their favorite tradable assets, remain current on market news, and conduct technical analysis on the investments. Additionally, HotForex’s software allows traders to quickly switch between MT4 and MT5, which users find very helpful. But at the moment, this platform doesn’t provide an in-app feature.
HotForex Services Offered
HotForex is overseen by many organizations, making dealing secure and legal. Additionally, it offers an extensive selection of financial instruments and fantastic trading chances through technical trading tools that enable traders to leverage their gains. Thanks to its secure crypto trading environment, user-friendly platform, and competitive spreads, it serves as a one-stop shop for all of the user’s trading needs.
Trading software is made available to traders by HotForex to aid in the completion of Forex transactions. The term “multi-asset platform” can be used to describe this, which means that traders can trade stocks, stock indexes, precious metals, cryptocurrencies, forex, and CFDs on it.
According to our Hot Forex review, this platform provides the most recent version of MT5 and Metatrader 4 (MT4). The HotForex mobile trading platform, also known as the HotForex mobile app, is compatible with various devices, such as MT4 and MT5. CFDs are complex instruments that carry a significant danger of losing money quickly because of leverage.
71% of retail investor accounts that trade CFDs with this service experience losses. It would be best if you considered your understanding of CFDs’ operation and ability to bear the substantial risk of financial loss.
HotForex Services
More than 150 different assets can be traded on HotForex. With the help of several selling alternatives offered by HotForex, including CFDs, spot contracts, futures contracts, and forex, their clients can participate in various markets.
The following is a list of the goods it sells:
- HotForex provides forex trading, commonly referred to as FX trading or currency trading, which entails the exchange of base currencies on the market where businesses, financial organizations, and private individuals trade money for other currency pairings at fluctuating rates.
- HotForex’s commodity markets provide traders with a variety of investment alternatives. One of the trusted risk management methods during inflation or economic instability is for traders to invest in tradable products based on contracts. Stock market indices, also known as equity indices or stock indices, are used to calculate the worth of a particular stock market sector.
- Investors can trade on the energy market offered by HotForex, which has high volatility. The prices are based on environmental and political factors like supply and demand, global economic growth, extreme weather conditions, and several others. HotForex offers precious metals to trade, like gold and silver, which involves hard commodities and tradable goods that are contract-based.
- HotForex is accessible through international markets and offers over 150 traded assets. Some of them include metals, energies, indexes, commodities, bonds, stocks, and cryptocurrencies like Bitcoin, Litecoin, Ethereum, Ripple, and others.
Financial Services Authority, or FSA (Seychelles)
The Seychelles Financial Services Authority (FSA) regulates HF Markets (Seychelles) Ltd. under Securities Dealer Licence number SD015, which is incorporated under the laws of the Republic of Seychelles with registration number 8419176-1.
Industry-standard security precautions are in place at HotForex. It has taken measures to protect the money of its customers. It also provides HotForex with a civil liability insurance package with a 5,000,000 Euro limit that covers omissions, mistakes, fraud, negligence, and other hazards. It exclusively works with big banks to keep customer money apart from corporation money.
CFDs are complex instruments that carry a significant danger of losing money quickly because of leverage. 71% of retail investor accounts that trade CFDs with this service experience losses. It would help if you thought about your understanding of CFDs’ operation and ability to bear the substantial risk of financial loss.
