Is Hot Forex a good broker?

Who owns HotForex?

HotForex CEO George Koumantaris said: “We are committed to being a global market leader known for our customer service, and always keep our loyal clients at the heart of everything we do.

Does HotForex manipulate the market?

HotForex is regulated. This means HotForex are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies. Regulated brokers are highly unlikely to manipulate market prices due to the regulations imposed. When you send in a withdrawal request to HotForex, this will be honored.

What is the minimum deposit for HotForex?

Click on the accounts above so you can compare them.

Account Type: Micro Premium
Minimum Deposit: $5 $100
Minimum trade size (Lots): 0.01 Lot 0.01 Lot
Fifth Decimal:
Maximum Leverage: 1:1000 * 1:500 *

Who is the Most Trusted Forex broker?

Best Forex Brokers

  • CMC Markets: Best Overall Forex Broker and Best for Range of Offerings.
  • London Capital Group (LCG): Best Forex Broker for Beginners.
  • Saxo Capital Markets: Best Forex Broker for Advanced Traders.
  • XTB Online Trading: Best Forex Broker for Low Costs.
  • IG: Best Forex Broker for U.S. Traders.
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Is HotForex regulated in Nigeria?

HotForex is our recommended low cost forex broker for Nigeria. They have a local office & phone support in Nigeria & are a highly regulated broker (FCA, FSCA & CySEC).

Is HotForex regulated in UK?

HF Markets (UK) Ltd is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.

Is HotForex good for beginners?

HotForex is a broker with good reputation and regulations. The offering is user friendly, with large portfolio for Forex and CFDs, fees are considered low and there is good education section suitable for beginning traders.

How long is HotForex withdrawal?

Making withdrawals easy

Withdrawal Options Min. Withdrawal Amount Withdrawal Time
Credit/Debit Cards
5 USD From 2 to 10 business days, depending on your correspondent bank

How many pairs does HotForex have?

At HotForex we quote major foreign exchange currency pairs to five decimal places.

Start trading with HotForex and get the best of the markets.

Currency Pair Limit and Stop Levels Typical ZERO Spread
CADJPY 2 0.9
AUDCAD 2 1.4
AUDNZD 3 1.9
CHFJPY 2 1.6

Does HotForex have ZAR account?

Yes, HotForex does offer ZAR account currency option with account their trading accounts for traders in South Africa. The lowest deposit is R70 with Micro account.

Does HotForex have Nasdaq 100?

Hotforex is a reputed CFD & forex broker regulated by FSCA. They offer CFD trading on NASDAQ 100 (USA100) index. HotForex is an STP broker that is regulated by FCA, FSCA, and CySEC. They allow South African traders to trade with CFD as well as futures on the US Tech 100 stock index (USA100).

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Does HotForex give bonus?

Does HotForex offer a sign-up bonus? Yes, HotForex does offer a 50% Sign-Up Bonus, applicable automatically to your account. Increase your balance by 50% by simply making a $50/R800 ZAR deposit! Offer available on Micro Accounts and the MT4 trading platform.

Can a forex broker steal your money?

A broker cannot legally steal your money, just the same as your neighbor or your bank cannot legally steal your money. However, it is possible for a stockbroker to steal your money and the money from other investors. This is called Conversion of Funds. Conversion of Funds is a violation of FINRA Rule 2150.

Who is the biggest forex broker in the world?

Top 10 Forex Brokers In The World 2022

  • Pepperstone – Best Global Forex Broker Overall.
  • FP Markets – Top ASIC Broker With MetaTrader 4.
  • CMC Markets – FCA Broker With Range Of Currency Pairs.
  • TD Ameritrade – Best forex broker for U.S Traders.
  • Forex.com – IIROC broker for Canadian Traders.

Is OctaFX a good broker?

Yes, we recommend OctaFX for Nigerian traders as they have low spread, good bonus & decent support. The positive points about OctaFX are their low spread on major currency pairs, and their good customer support. Also they offer multiple trading platforms including the latest MT5, as well as the old MT4 version.