Thinking of HotForex? “Must-Read” Pros & Cons of the Service

September 15, 2016

You should read this before start trading with HotForex.

Thinking of HotForex? “Must-Read” Pros & Cons of the Service

We understand that there are hundreds of misleading information on the web, and you may be tired of seeing the same advertisement mentioning the same things.

Here are some tips for you to choose the most suited broker for yourself.

Pros

HotForex is regulated by CySEC in Cyprus, and a member of ICF(Investors Compensation Funds).

The maximum leverage offered is 1:1000, which is higher than the majority of Forex brokers.

The STP(Straight Through Processing) trading environment is provided and there is no restrictions on the trading platforms.

Variety of options are available including over 100 symbols(Forex, Commodity, Stock and Index), 8 different account types, and a number of trading tools.

All time exciting Bonus Promotions running.

All trading conditions & specifications are easily found in the website, to avoid any misunderstandings and troubles.

Cons

The minimum trading cost is around 1 pip or more including extra commissions, which is a bit costly.

Is HotForex suited for you?

HotForex is another fast growing Forex broker, with well organized promotions and services.

Some traders might find the service a bit complicated as there is a number of options available to go through before start trading. In another word, HotForex never cease to bore you.

There is not much cons on their services, and the broker is also earning strong popularity and nice reviews.

Unfortunately HotForex does not provide PAMM trading platform at the moment though, other than that, the broker has got all the options which are available in the Forex industry.

One drawback would be that, you need to deposit more than 20,000 USD to have the account with raw spread with minimum costs offered by HotForex. And that account would be one difficult option to have for many traders.

Overall service quality of HotForex should be really fine for anyone.

Free 123 USD

30 USD for Free

25 USD for Free

300 USD for Free

100 USD for Free

30 USD for Free

Partner brands

Hercules