□ Scalping Forex Broker: Hotforex
□ Hotforex Licenses: CySEC Cyprus (183/12) | FSC BVI (094286)
□ Hotforex Customer Support: 24/5 via EMAIL | PHONE | LIVE CHAT
□ Hotforex Minimum Account: $5 USD | CARDS | WIRE | SKRILL | NETELLER | WEBMONEY | WESTERN UNION | SOFORT
□ Trading Leverage: 400:1 (Micro Accounts 1,000:1)
□ Hotforex Promotions: 100% Welcome Bonus | Forex Rebates
□ Hotforex Forex Pairs: 43 Forex pairs plus CFD Trading (Equities, Energy, Metals, Soft Commodities)
□ Hotforex Trading Platforms: WEBTRADER | MT-4 | MT-4 MULTI-TERMINAL | FIX PLATFORM | MOBILE TRADERS
□ Trading Spreads: Minimum 0.4 pips (Currenex) | Typical 1.8 pips on EURUSD | 1.8 pips on USDJPY | 2.5 pips on GBPUSD
□ Trading Commissions: Zero Commissions (except Currenex and Zero-Spread Account)
□ PAMM / MAM Accounts: PAMM Accounts (see below)
□ Islamic Accounts: YES
□ API Trading: YES
□ Forex VPS: FREE (for all traders maintaining balance above 5,000 USD)
INTRODUCTION TO HOTFOREX
Hotforex is the trading name of HF Markets Ltd. Hotforex is an ECN / STP Forex broker operating since 2007.
CUSTOMER SUPPORT: Multilingual 24/5 Customer Support via Phone, eMail, and Live Chat
SUPPORT LANGUAGES: Arabic | Chinese | English | German | Greek | Hindi | Japanese | Korean | Persian | Russian | Spanish
HOTFOREX TRADING PLATFORMS
Hotforex offers a good variety of trading platforms including desktop and mobile traders.
◘ Desktop Traders: WebTrader | MT-4 for PC and MAC | MT-4 Multi-Terminal | FIX Platform
◘ Mobile Traders: iPhone | iPad | Blackberry | Android
Hotforex fully allows automated trading and scalping plus it offers a free VPS server for all clients given they maintain an account balance of more than 5,000 USD.
HotForex RapidTrader FIX/API
The HotForex FIX/API is powered by Integral and it is designed to provide direct access to traders need the FIX protocol.
- Advanced Trading Orders and Trading Order-Routing Management System
- Automated Forex trading systems and Quotes Engines
- Cover the needs of hedge funds, money managers and professional Forex traders who need real-time Foreign Exchange trading capabilities
- Forex companies may integrate trading within their general treasury systems
- Forex traders may develop their own proprietary trading models
- The Minimum Account in order to use the HotForex RapidTrader is 50,000 USD
- The Margin Requirements include 2% on Foreign Exchange Trading and 3% on Gold and Silver Trading
HotForex MT4 Multi-Terminal platform
The HotForex MT4 MultiTerminal is designed for managing multiple trading accounts from just one interface. Here are some Key Features of the HotForex FIX platform:
- Unlimited trading accounts can be added
- Activity management in Real-Time
- Full trading history
- Multiple trading order types can be executed
HotForex provides a very wide Asset Index containing more than 40 Forex pairs plus several other asset classes:
□ 40+ Forex Pairs plus Metals and Energy Trading
□ 35+ World Stocks and 12 Stock Indices.
HOTFOREX TRADING ACCOUNTS
◘ Trading Leverage is up to 400:1 | For Micro Accounts can be up to 1,000:1
◘ Minimum Deposit: 5 USD
◘ Account Currencies include: Euro | USD | Polish Złoty
◘ Fund Methods: CREDIT / DEBIT CARDS | BANK WIRE | SKRILL | NETELLER | WEBMONEY | WESTERN UNION | SOFORT
HotForex offers fast and easy withdrawals. The processing of your request takes usually 1 business day to be fulfilled. In order to withdraw funds, you just have to select a withdrawal method from the menu and then click “Start withdrawal”.
HOTFOREX BASIC ACCOUNT TYPES
- Micro Accounts: The Micro Accounts is designed to fit the Forex Beginners’ trading needs. You may open an account with just 5USD and claim a welcome bonus of 100%. The minimum accepted trade size is just 1 micro lot.
- Premium Accounts: Premium Accounts can be opened with 500USD and are designed for semi-advanced Forex traders. The minimum accepted trade size is just 1 micro lot.
- FIXED Accounts: The FIXED Account type is similar to Premium Accounts while it provides trading with fixed spreads. The minimum account deposit is 500 USD.
- Currenex Account: The Currenex Account is designed for advanced and Professional Forex Traders and it offers tight raw spreads ideal for scalping Forex. The Currenex account may be opened with just 500 USD and the minimum trade size is 1 micro lot. Check below for more info regarding the HotForex Currenex account.
- VIP Accounts: The HotForex VIP account is designed for advanced Forex traders offering various advantages such is Personal Account Manager and individual consulting. The minimum balance for a VIP account is 40,000 USD. The minimum accepted trade size is just 1 mini lot.
- Zero-Spreads Account: Trade Forex with zero spreads.
SPECIAL HOTFOREX ACCOUNT TYPES
- PAMM Account: This Account size is designed for Managed Accounts (check above for more information about the HoForex PAMM platform)
- Islamic(SWAP-Free) Account: This account type is designed for Islamic Traders and therefore no overnight interest is charged. The minimum account size is 150 USD.
- Titans Account: The Titan Account types provides the opportunity to invest in several Financial Markets. All Titan funds are managed and traded by institutional-grade traders.
ForexRobots.net suggest the Currenex Account Type
The HotForex Currenex account type is the best account type for Forex Scalping and Automated Trading. The minimum deposit is just $500 but in order to take advantage of the free VPS Hosting Server you must deposit $5,000. Here are the main features of the HotForex Currenex account type:
Staring at 0.4 pips, Variable
- Scalping / Hedging: Fully Allowed
- Free VPS: For traders who deposit $5,000 or more
- Instruments: Trade Forex, Metals, Energy, Stocks and Indices
- Trade Size: 0.01
HOTFOREX REVIEW KEY POINTS
HotForex is an ECN/STP Forex broker offering good conditions for Trading Forex and other asset classes. The broker is regulated by the Financial Services Commission (FSC) and the Cyprus Cysec and it is a member of the HF Markets Ltd Group, a very large financial group. HotForex provides client bank segregation via Tier-1 European Banks.
When you decide to open a trading account with HotForex you may choose from a great variety of account types, fund methods, trading platforms and financial instruments. For scalping Forex, there are many benefits too. Scalping and Hedging are fully allowed, the order execution is fast and the spreads in the Currenex Account start as low as 0.4 pips. Moreover, the broker offers a free VPS Hosting which may decrease your trading cost furthermore.
New accounts may be opened with just $5 and can be funded via many different fund methods (check above). The trading leverage can be up to 1,000 for micro accounts and 400:1 for the Currenex Account. The customer support is fast and operates 24/5 by supporting many languages including Arabic, Chinese, English, German, Greek, Hindi, Japanese, Korean, Persian, Russian and Spanish. HotForex provides also free education and a personal account manager.
The welcome bonus for all new clients is 100% and the amazing thing is that you may even withdraw it after meeting the volume requirements. In overall HotForex is a very good and safe choice for all Forex Traders and Forex Scalpers.
□ Hotforex Review