I have been trading hotforex for close to a year and 8 months now, live, started with a micro test account last which i used for testing. Over all experience is good but not perfect, mode of money transfer is skrill, i cant comment much about bank wire due to slow banking system in the country, but Skrill comes with conversion fees, and rates are not that great which is understandable but its fast hrs.

The only issue i had was documentation when i first started, they are strict with documents and verification pls do keep that in mind. They allowed news trading and scalping too but in a fair manner which clearly states that it is a good broker. Becuase bad brokers does not allows winnings of the traders.

So i found out it is a good broker. I'm not an easy quitter, so I gave them an other chance, but now it's time to move on. Seems it hard to find good brokers. I knew this broker through a seminar held in my city. Then I research more information and I know this broker is legit or reliable with many traders. I opened a demo account and tried a few weeks. Their spreads are good but not excellent but it's a zero commission so it's acceptable.

So far, I made steadily income on both trading and PAMM investment at this broker and their payment are always swift both deposit and withdrawal. During holiday it could be delay but it's fine with notification emails.

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I as an experienced trader recommending this broker. I was trading with them and was satisfied until they started delaying my order, guess i will have to look for another broker. Hotforex is the broker with whom i started my trading career in late where i start trading the demo account. The demo account was easy however i stick to it for a month or two and then i deposited usd for live trading.

Luckily i made some pips on gold in my first trade which make me kinda greedy. It was a micro account but i was not aware of the market conditions and when i shorted with all of the leverage it shocked me because most of my account balance was in negative within the next two hours. Before getting wiped out i waited for some more time talking to others who referred me trading business but none of them came rescuing me or advising anything. So i took the loss and closed the trades immediately. It was a real disappointment but it was also a turning point for me to decide either learning from the said mistake or just leave trading and withdraw remaining fund back.

There were around usd remaining in my account so i transferred them back into my main hf wallet. I then went to demo trading with a decision to start learning this trading and took it as my career. Although that was hard track yet i opened a new demo account for learning.

HotForex Review

Many demo accounts were blown but it enhanced my patience and i after spending more than one year learned the trading mechanism. I did not trade whole day sitting on computer. I have pips plan ahead of my trading month which i strictly follow. I do not chase the prices and wait for the sweet spots to occur. While everyone in my friends were shorting the gold a few days ago i was the only one among them profiting by making long.

The things i like the most about hotforex is that it allows convenient trading maybe because of the userfriendly MT4. All i have to put the orders, stop losses and take profits now and believe me i hardly regreted because most of the orders are met accordingly. When I started trading with them few months ago, everything seemed to be fine.

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I was doing news trading and started to be successful. But now execution speed dropped so much that I can't do it anymore. I guess they delay my orders I have trying to make withdrawal money but they are pleased me to contact support and they are telling me that I need to upload my passport and wait for confirm.

Withdrawal is to complicate. I had recently opened live account with hotforex. Previously i was prcticing the demo trading which gave me some confidence going to trade live. Therefore i opened the live micro account in July and since I have been trading this live account. The leverage is quite reasonable to push account profits.

I am trading micro lot every day and my only objective is to remain on breakeven if the profit target is not hit. The execution is easy and stop loss is always triggered on a bad day. I did two or three withdrawals which were processed easily, now i am not going to withdraw and built this account into a big one. This is my target and i believe that i can be able to achieve this easily. To get pips Just join our Telegram channel and get free signal instantly. We also Final Thoughts.. Forex signals providers offer a lucrative alternative for traders who don't have the time to follow the market for potential trading.

Products 1 - of Subscribing to forex trading signals is a great way to diversify your trading by mirroring the trades of traders with a good track record. The company has a total of about six account types which are meant to suit the needs of all the clients in the company regardless of their choices and even their level of experience.

Some of the trading accounts include:.

HotForex is the name of a number of companies that operate in various jurisdictions around the world. A number of currency traders around the world trust HotForex because of the well-balanced regulation. Cyprus, the country where the forex broker is incorporated is arguably one of the most attractive destination for a lot of forex brokers in the world. Forex brokerage companies located in different areas of the world such as the United States and Japan.

While CySEC applies a number of rules to financial firms in the country, these regulations are not as stringent as those applied in countries such as the US. Also, all companies that are regulated in Cyprus are members of the investor compensation fund, which can pay their clients up to 20, euros if the financial firm defaults or gets insolvent.

Another great thing about CySEC regulated firms is that all firms are also MiFID regulated which gives the company the ability to offer cross border services. Hotforex is a flexible company when it comes to spreads and commissions with the broker allowing both fixed and floating spreads.

The fixed spreads offered by the broker are relatively low pegging at 1. Although this minimum deposit may seem relatively low, many other cyprus based companies are also offering low minimum deposit to enable all types of people to trade. Hotforex offers an attractive leverage, which is sometimes as high as This is a relatively high leverage considering some countries such as the US and Poland have a cap to reduce the amount of risk. The main reason for having a cap on the leverage is to reduce the risk of losses since leverage magnifies your potential losses and you may lose your whole investment.

With Hotforex, you have a number of options with regards to the trading platform that you can use. You can use the popular MT4 platform or upgrade to the latest MetaTrader 5. These platforms are well known for the different tools and resources they offer to their clients. You will have access to technical indicators, expert advisors and back testing options among others. Furthermore, the platforms are available on a number of versions such as desktop, mobile and even the web.

In summary, HotForex is a global broker know for the numerous accolades it has received and the various products that they offer. The review gives a lot of useful information to help novice and even experienced traders know more about the broker. You can also check Hotforex customer reviews and comments to get a better picture of the broker.

Comment: I knew this broker through Internet because it's in many top forex brokers.

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This broker is from and it's regulated by FCA. However, due to that, only veteran trader can utilize those features. I advice you should talk to account manager before trading. Comment: The company Lucre Recoup did me a solid when they helped me recover the total of usd i had lost to 5 different brokers, I was shocked when i received the credit. Contact them for help on their website, LucreRecoup dot com.