These can be installed directly into the HotForex MT4 trading terminal.
The minimum deposit on the Auto Account is USD, leverage is up to , and spreads start at 1 pip. Trading instruments on both account options include Forex, Metals, Oil, and Indices. Maximum leverage is up to , the minimum deposit is USD, and the minimum trade size is 0. Available on MT4 spreads start at 1 pip, and leverage is up to Accounts are only denominated in USD. Hotforex offers an unlimited demo account, allowing prospective traders to test trading strategies under real market conditions.
HotForex accepts all major credit and debit cards, bank wire transfers, and online money services, including Skrill, Neteller, and FasaPay. Importantly, HotForex charges no fees for deposits or withdrawals, and all withdrawals are processed within 24 hours, though it may take longer for funds to be transferred.
Like all Forex brokers, traders need to submit proper ID before a withdrawal application. One can also request a proprietary debit card that can be used for direct purchases or withdrawals.
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HotForex is constantly running multiple bonuses, trading contests and promotions for Malaysian traders. For all the current HotForex Bonus information click here. The MT5 desktop and WebTerminal at Hotforex offer 21 different time-frames, analysis tools, advantage chart analysis with detailed overlays, pre-programmed analytical tools and over 80 built-in indicators and tools.
Advanced traders can install Expert Advisors to enable programmatic trading. Hotforex offers several powerful trading tools to clients with live accounts. These include free VPS hosting, free access to Autochartist and a collection of Premium Trader Tools such as live sentiment and correlation tracking, tick charts, an MT5 indicator package, a customizable news feed and a sophisticated alarm manager capable of carrying out multiple automated actions. Award-winning customer service and a client-focused approach to business mean that beginner traders at HotForex can rely on excellent support.
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Furthermore, Hotforex offers world-class educational and market analysis materials that are in-depth and well-structured to benefit traders of all experience levels. Note that while the website is fully translated into Malay, some market analysis and educational materials are only available in English.
Traders who open a demo or live account will get access to the HotForex e-Course. This course is well-structured and includes the basics of Forex theory and Forex trading, reading and interpreting charts, trading strategies, trading psychology, and technical analysis. Video tutorials are available without registration, and these cover introductory concepts, Metatrader tutorials, trading strategies, and lessons in economic theory.
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Webinars on current events, advanced trading strategy, and risk and money management are run every few days. These webinars do not require an account at HotForex, but you will need to register to participate. HotForex devotes an entire section of its website to market analysis and trading tools; these include daily market news, trade analysis, and outlooks. Trading calculators and economic calendars are also available for reference outside of a trading platform. Toll-free local phone numbers and local email addresses give clients direct free access to quality customer service in their language.
Unfortunately, local telephone support is not available in Malaysia. We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the HotForex offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review.
Each one of these is graded, and an overall score is calculated and assigned to the broker. Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. HotForex would like you to know that: Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital.
Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. An STP offering multi-asset trading, Hotforex is a good broker for both beginner and experienced traders alike. With commission-free and market execution accounts, support for both MetaTrader platforms, copy trading, excellent customer support, world-class educational materials, and tight spreads, it is hard to find anything to fault. All standard Forex accounts are also available as Islamic Swap-Free accounts.
The company is quiet known, they have a good reputation. I have made 2 withdrawals so far, all processed on time, total amount of usd. Almost finished We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you. This form has double opt in enabled. You will need to confirm your email address before being added to the list.
Is HotForex Safe?
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page. By Jeffrey Cammack. Overall Rating 4. Rated 8 of 50 Recommended Brokers. Accepts Malaysian Clients. Max leverage Islamic account available. Is HotForex Safe? Summary HotForex is an award-winning, global broker with a reputation for client satisfaction.
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HotForex Minimum Deposit Guide (2021)
Hot Forex are forex brokers. Features Reviews. Leverage Platforms WebTrader, MT4. Headquartered in St. Vincent and the Grenadines. Founded in Accepts US Clients.
What Are HotForex Trading Account Specifications?
Trailing Stops. One-Click Execution. OCO Orders. Account Options Type of broker stp. Mini Account. Segregated Account. Islamic Account swap free.
Micro Account
Managed Accounts. Fees Commission. Interest on margin. More Instruments Gold.