HFM Review formerly HotForex year Is it a Legit Broker?

The brokers’ users can access numerous trading instruments over commodities, forex pairs, shares, bonds, indices, and cryptocurrency CFDs. They are also offered a free demo account as well as an Islamic account. The trader can operate at HotForex with floating or fixed leverage which is a useful tool, especially if the user trades a smaller lot. Using leverage offers an opportunity limefx scam to increase the potential gains via the possibility to increase their balance in numerous ways. As per our HotForex review, this platform provides various leverage levels starting from small to very high ratios. The trader should always know various high risks involved in the leverage as several retail trading accounts lose money rapidly due to high leverage.

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HotForex scam

Moreover, the software offered by HotForex helps traders to switch to MT4 and MT5 with just a click, which the users find very useful. However, this platform does not offer an in-app feature currently. HotForex prides itself on being the best company that offers in-depth market analysis, news, and trader education.

Best broker for traders who want to diversify their portfolio. Usually HotForex only takes several hours to process my withdrawal via Skrill. Trading with this broker for about 1 year and have steady income, no hassle with payment. Trading on the stock exchange is not suitable for everyone. Trading on the exchange is also risky because there are no guarantees that the platform will be updated or that your funds will remain safe. Contact Summitrecoup Dtcm to help recover all your scammed funds.

HotForex Security Measures

In general, the company works under the motto “Honesty, Openness and Transparency” and as you probably guess, these three features are usually the ones that every trader looks for. On the other side, HotForex has good customer support services. HotForex is a forex and commodities broker that provides trading services to both retail and institutional clients. The main policy of this broker is to prove the best trading conditions to its clients by allowing all types of traders to have unrestricted access to its liquidity.

  • Yes, you need to understand and read, but everything is honest.
  • HotForex MetaTrader 5– This is a MetaTrader 5 platform for Android users.
  • I’m not a big time trader, but I feel like a VIP the way they treat me.
  • Therefore, clients’ funds are off the balance sheet, and HotForex cannot use these to pay back creditors in any uncertain condition.

Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. would like to remind you that the data contained in this website is not necessarily real-time nor accurate. While trading with this broker for more than one year i had noticed that they have wonderful execution and lowest spreads on all majors.

HotForex has over 150 tradable assets, and it can be accessed through global markets. Some of them include metals, energies, indices, commodities, bonds, shares, and cryptocurrencies like Bitcoin, Litecoin, Ethereum, Ripple, and more. I like to note the awards for best trading conditions and client security, as they belong to the HFM core offering to traders, where HFM excels.

Account types

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HFM offers traders commission-free Forex trading with higher spreads, a highly competitive commission-based alternative, and fractional share dealing from $5 per transaction. There are six account options on offer on the HFX platform, namely Micro, Premium, Zero Spread, Auto, PAMM Premium, and HFCOPY accounts. The minimum deposit for a Micro account limefx broker reviews is just $5 , while the other five account types have much higher minimum initial capital requirements of $100, $200, $200, $250, and $500 respectively. Found this broker recently in top 100 financial companies and decided to give a try to it. First thing to notice is excellent platform with little to no slippage during high volatility.

Broker Types

Whether you’re just new or an experienced trader, our HotForex review finds that this broker is excellent and trustable. As an international broker, HotForex has good customer support compared to the industry average. There are a lot of support channels and their staff respond quickly and are very knowledgeable. HFcopy platform of HotForex is an in-house built copy trading platform with extensive features. Both Strategy Providers and Followers can use the HF Copy account to their benefit.

Multi-lingual customer support is available 24/5, and HFM transparently lists all contact methods on its website. It also maintains a trading desk for phone-assisted trades. HFM describes its products and services well, and it has plenty of videos and a well-structured FAQ section. I recommend live chat should traders require assistance for non-urgent matters and phone support for emergencies.

HotForex scam

HotForex Copy, “…allows traders to join forces with each other to try and master the markets”. This service offered to traders is essentially allowing you to mimic other traders and mimic their LimeFxs via funds. You can view their funds and find one that fits your needs, or on the other hand if you have an idea or pattern you find profitable you can share it with the community. HotForex MT4 Android– This platform brings advanced trading and charting tools together, enabling you to gain access to financial markets and purchase trades from any part of the world.

Company activitySee all

Also, it provides several benefits to the users and satisfies the advanced traders with several tools and resources. It is a powerful platform that permits traders to analyze price movements efficiently, make transactions, and help them to work with expert advisors. The above-mentioned features help the traders to start trading different types of markets. The traders can enjoy several tradable assets, and this platform offers access to more than 1,000 securities, including Metals, Forex pairs, energies, cryptocurrencies, ETFs, and stock indices. Compared with other best forex brokerplatforms, the wide selection of tradable assets is above average for the pricing structure it provides. International award-winning forex and commodities broker HotForex, offers new and existing traders the chance to kickstart their trading journey with one of…

I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. HFM presents clients with five regulated entities and maintains an overall secure trading environment. Each of the account types brings good flexibility and allowing to choose based on your trading strategy, allowing either beginning traders, investors or professionals to find its own way in trading.

Trading Instruments

HFM offers CFDs trading services choice of 7 account types and trading platforms with tight spreads averaging EUR USD 0.1 also operating unrestricted liquidity. Which is allowing any size or profile trader choose between various spreads and liquidity providers via automated trading platforms and perform any strategy, including News trading. HotForex is a good broker that offers trading multiple assets including currencies, stocks, commodities and even cryptocurrencies. Excellent trading conditions, lightning fast execution of trades, low spreads, fast withdrawal. What I also like is their free webinars and market analyses straight from their in-house experts.

The types of accounts in this broker may suit all levels of traders. The company also provides a civil Liability insurance program for a limit of €5,000,000 to its clients and other third parties. This insurance program includes market-leading coverage against any type of error, negligence, omissions, and fraud that may lead to financial loss. I just made my third withdrawal with hotforex hitting my small roi and im very pleased, good execution and very acceptable spreads. Looking forward to my forth withdrawal from a pure profit prospective. It’s FCA-regulated, which is a testament to its commitment to providing only the safest trading environment possible.

Got all my funds recovered after weeks of getting in touch with them… over $256,850 recovered after my trust wallet account was being hacked and manipulated. I was scammed twice before by fake recovery company who said they could help but didn’t. Promptly solved my question.We have thrown off data to track the transaction.

I am trading with this broker for a…

HFM Platform Selection ranked Excellent with overall rating 9 out of 10 compared to over 500 other brokers. We mark it as excellent since there is a choice between industry popular platforms like MT4 and MT5, also HFM has its own trading apps packed with tools and excellent research. HFM technology overall might be suitable for day trading, long or short trading, copy trading, Robot Trading, EAs all with quality execution.

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