Hot Forex is a broker funded on 2012, owned by the HF Markets Ltd placed in Cyprus. It has the authorization from Cysec (license n° 183/12). Beside s this license , it has provided for registration as financial society from regulatory authorities of 14 European countries, in order to increas e credibility about its security.
The relative “spread cost” isn't the best among the top brokers, in fact the spread average in the “variable” version of the 10 most traded forex major is 2 pips, while the average spread in the “set” version of the 10 most traded forex major is 2.7 pips.
According to our point of view the best side of HotForex is the education area and the technical area:
the first area consists in 10 webinars about advanced topics set into 3 at week, and there are also 20 video tutorials about basics.
The technical area includes the provison of services like:
Hot Forex has 6 different types account being subsequent in fact they could easily be assembled into three groups. They differ to satisfy these three particular needs:
The platform used is metatrader4, which can be downloaded in 7 different versions, 3 versions for pc and 4 for smartphone/tablet.
The website is in 24 langiages, with a phone support in 4 languages (English, German, Spanigh, Polish)
The company places private clients's money on a bank account which is separated from the society one. In case of insolvency by the society itself , any potential company debts can't be paid through clients's funds.
It's one the accredited brokers having the right stuff to be chosen, especially for those who haven't any pretenses on the spread cost. Going deep down there isn't any advantage standing out respect the other top brokers, except fot the technical area that is rich and very interesting.
Lowest spreads and very smooth platform makes this broker my number one!
Easy platform, nice account manager but very cheap bonuses!! They should encourage traders more to join them!
The demo account worked perfectly now I am having some troubles with the real one. I often unable to open trades at the price I want, the platform stalls and delays the opening which registers a target price different from the one I should have taken. Besides this one event, this broker is very good.