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From the very beginning, you need to realize that working with HotForex is an interaction with a whole group of companies regulated by various supervisory authorities in many countries of the world: DFSA (Dubai), FCA, CySEC (Cyprus), FSC (Republic of Mauritius), FSCA (South Africa), FSA (Seychelles). The broker is registered in Saint Vincent and the Grenadines.
What can you expect when working with HotForex?
There are several options available:
- A proven system that allows you to protect client funds.
- Multi-platform solutions.
- Several languages for the convenience of cooperation with HotForex.
- Leverage is provided up to 1:1000.
- There are 6 types of accounts.
- Bonus offers correspond to 100%.
- Spreads – from 0 pips, exclusively floating.
- Deposit fees are zero.
- The safety of HotForex’s investments on the official website is guaranteed by the presence of accounts in first-tier banks; segregation of client funds; the best insurance conditions on the market; protection against the formation of a negative amount on the account, expressed in real money.
There are video tutorials, more than 15 payment methods are offered. Remember that with HotForex, withdrawals will be made to the deposit details. You can work with more than 1 thousand trading products. These are currency pairs, metals, stocks, indices, and commodities.
The service of copying HotForex fraudsters and PAMM accounts is an additional way to earn money for people who are short of time, do not have enough experience and highly specialized knowledge, but who have a great desire to generate profit through financial transactions on electronic trading platforms. But that’s ideal. In fact, quite often in the negative reviews published about HotForex, traders write that their investments were lost, due to the lack of professionalism of managers, or deliberate actions aimed at draining the client’s deposit.
Affiliate programs imply the provision of free marketing resources. Deductions are regulated and occur automatically. Profit per 1 lot can reach 15 US dollars. In this context, user HotForex reviews can be good from customers and partners.
Accessibility
Your trading can be characterized by high performance indicators, when using the tools of Autochartist, the company’s VPS hosting, or the advice of traders trading with a broker. One-click trading is available. Access to the markets is carried out through the Meta Trader 4 and 5 platforms.
HotForex’s PAMM accounts open up opportunities for registered users to own several accounts at the same time, use expert advisors, and partially withdraw funds. The Strategic Manager provides complete statistics. The support service is available 24/5. Competitions are held where the best player is the player with the maximum performance.
For a micro account, only $5 will be enough. You can become the owner of a Premium account with $100 in your pocket. Working on a demo does not imply taking risks. An Islamic account means swap-free, but with the payment of a commission to the broker by HotForex.
Full functionality is implemented through:
- Management, plus the execution of trades.
- Messages and signals with enhancement function.
- Market news and data to be adjusted.
- Correlation tracking, showing the sentiment of market participants in real-time.
Is HotForex a scam? Before asserting this, it is necessary to familiarize yourself with the legal documentation in more detail, check the facts provided on the site for their compliance with reality, and detect controversial points. Evidence is needed. But suing a broker is expensive and unpromising.
- First of all, the jurisdiction is far away.
- Secondly, you don’t know the laws of the other country.
- Thirdly, it is almost impossible to prove the broker’s guilt, because any action of a trader can be qualified as a violation of internal regulations. After all, the terms of the user agreement are specially drawn up in such a way as to allow several options for interpreting the text.
By default, any broker will try to get the maximum benefit from the client. The question is what methods the company will use to do this.