Clients also benefit from VPS hosting, Autochartist, trading calculators, and economic and earnings calendars. Beginners can advance their knowledge with free tutorials, e-books and trading courses. Joey Shadeck is a Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.

Customer Support in 27 Languages 🌎

Precious metals such as gold and silver are also very popular financial products. On HotForex MT4 and MT5, you can trade Gold, Silver, Platinum and Palladium via CFD. These 4 precious hotforex broker reviews metals can be great for portfolio diversification.

• A demo account is a type of trading account containing virtual money.
• The broker provides market-leading insurance cover of up to €5 million and works with major banks to provide deep liquidity to its customers.
• All together, this comes to a complete range of more than 12 platforms that are powered with quick execution, with built in tools and available for all instruments offered.
• The broker offers only a small range of markets in comparison to other leading multi-asset brokers.

HFcopy Account

If your transaction is over $100, HotForex will also cover any commissions or fees your bank or payment provider charges. HotForex spreads and fees are an interesting thing to know about the broker if you intend to trade with them. The trading fee structure of an online broker is one of the factors you have to consider in broker selection.

Account Types and Features

• These high-powered trading programs can open and close trading positions in just microseconds.
• Copy trading is customisable, as traders can choose whom to copy based on performance metrics and risk profiles, allowing for a more personalised approach to trading.
• We recommend verifying the trading account with the requested documents before depositing.
• Additionally, I clocked IG’s average execution speed at 14 milliseconds, below the industry average.
• With HotForex, you can trade over 1,000 financial assets through that single trading account.

Traders of any size or profile can happily access unrestricted liquidity and choose between numerous spreads and liquidity providers. HotForex provides a range of research tools suitable for all strategy types. Clients can fund their accounts using multiple methods, including bank transfers, credit and debit cards (Visa, Mastercard) and popular e-wallets such as Skrill, Neteller and PayPal. For regional convenience, local payment systems are also supported in various countries. Most deposits are processed instantly or within a few hours, allowing traders to start trading without delay.

Trading Instruments

That said, you must do your due diligence if you want to be successful. Because making money is appealing to a lot of people, there are forex broker scams out there. When it comes to research, HotForex aims to give its clients strategies an edge through its analytical and research tools. The broker provides research and trading tools that incorporate content from third-party providers coupled with its in-house staff. For education, the broker puts a focus on the African and Asian regions, allowing traders to improve their forex experience, and their results.

HotForex Compared

Spreads on indices are also variable and range from a minimum of 0.04 pips to a maximum of 11.3 pips. Our dedicated team works tirelessly to keep our system current with market trends, evaluating brokers across nine key categories using over 250 variables. These include Trust, Fees, Account Types, Tradable Instruments, Platforms and Tools, Deposits and Withdrawals, Customer Support, Research, and Education. Generally, offshore regulators offer higher leverage but weaker overall protections. In contrast, top-tier regulators seek to limit the maximum market exposure afforded to traders via leverage by capping it. FP Markets was founded in 2005 and is headquartered in Australia.

Another attractive aspect that we should talk about in HF Markets review is the broker’s bonus offerings. The firm provides several promotional programs and bonuses to attract new clients and reward existing ones. HF Markets offers a diverse range of trading instruments across various asset classes. Suppose you want to download and install the HF Markets platform for PC, such as the HF Markets Metatrader 4 (MT4) platform or HF Markets Metatrader 5 (MT5). In that case, you need to go to the HF Markets download page and follow the instructions from the videos below. A more detailed review of the HF Markets mt4 platform can be read in our review.

Commissions and spreads are based on the account type you choose. The zero account offers traders a cosy 0 fee with average spreads from 0.2, in most cases. When it comes to trading fees, HotForex has a tight spread offering, as well as some of the more appealing spread opportunities out there. Understanding the basics of forex trading, especially how fees work, is imperative to your success in the forex market. Join our platform today to unlock a world of trading opportunities and elevate your trading experience to new heights.

An attractive high-volume active trader program – Pepperstone

It means you can execute multiple orders within a relatively narrow time span with high precision. I also like that it gives me greater flexibility to scale price action up and down and thereby better understand price action behavior. I measured a 0.2 pips spread combined with a $6 round-turn commission and thus calculated a $8 value of trade (0.2 pips x $10 pip value +$6 commission), which is below the $10 industry average.

Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Yes, HFM provides a demo account with up to $100,000 in virtual funds, allowing traders to test platforms, strategies, and market conditions risk-free before going live. HotForex is a globally recognized broker providing forex and CFD trading services to traders all over the world.

The web trading MT4 and MT4 platforms can be used in various versions to suit your individual trading needs and to make your trading more efficient through WebTerminal, the desktop platform. Traders can also use MT4 MultiTerminal which gives access to several accounts simultaneously. Mainly, it has created opportunities for investors to regain income lost through layoffs or forced lockdowns. To help you take advantage of this, HotForex offers a wide range of commodities and indices. HotForex doesn’t play about when it comes to proving its trustworthiness.

To Catch a Falling Knife: Adobe, The Trade Desk and Accenture

IG’s API offering coupled with DMA (Direct Market Access) execution makes it perfect for high-frequency algo trading, especially scalping. Additionally, I clocked IG’s average execution speed at 14 milliseconds, below the industry average. In addition to MetaTrader 4&5, cTrader, and iRESS, FP Markets incorporates the Mottai platform, which is what makes the broker such a great choice for high-frequency trading. The standout advantage of using a DMA Execution Model is its ability to facilitate low-latency trading, resulting in rapid order execution. Traders can also use Mottai for advanced entries via its OCO (One-Cancels-the-Other) orders.

For transactions involving currencies other than the account’s base currency, conversion fees are applied based on internal exchange rates. Although Hotforex spreads are typically set, there is always a chance that they might expand during rollover sessions and when significant economic headlines are released. When it comes to indices, the broker charges a $1 round turn commission on every lot opened.