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HotForex Review 2022,Regulation and safety of funds

AdHotForex is one of most trusted brand in the world of CFDs Trading AdGet All The Information You Need About Leading Brokers In ZA & Start Trading Today! Smart CFD Trading Begins With Choosing The Right Broker. Start Here! AdStart Trading with one of the leading brokers you choose, easy comparison! We Checked All the Forex Brokers. See The Results & Start Trading Now! HotForex /01/06 · HotForex is a perfectly equipped platform that allows you to analyse price ... read more

Their platform is perfect for forex and futures trading, and is developed by MetaQuotes Software Company. Local bank transfer is the easiest option available. Online Bank Transfer: HotForex offers deposit via Online Bank transfers in South Africa. The minimum amount is 5 USD, and the funds are reflected in your HF account within a few minutes. Bank Transfer: SA traders can withdraw funds via Online transfer in bank account. The withdrawal time is up to 48 hours, but there is no extra fees with this method.

The bonus can be withdrawn, provided certain trading volume conditions are met as specified in their terms. Overall the bonus at Hotforex is good. We advise to contact their support at [email protected] if you have any questions regarding their bonus. HotForex customer support staff is very helpful and can be contacted easily via Live Chat Support, Email or by calling at their local South African phone number. You can contact them any time i.

e 24 hours in a day with the Hotforex Customer Support. Helpful Live Chat Support Recommended method for contact : Live Chat Support is available on their website which is very quick responsive. We did not experience about a minute of hold time to connect with Live Chat Support at Hotforex SA during our tests. The chat is available to visitors as well, but they normally ask for Country of Residence before answering the questions. We found the responses to be quite helpful. Fair Email Support: You can send a mail to Hotforex at [email protected] to contact them regarding any query or issue.

There are also different emails for various departments, all of which are mentioned in the Contact Us page of HotForex. Normally they reply back within 12 hours via email. Hotforex South Africa Contact Form: You can also submit your request to HotForex.

za by filling the contact us form on their website. It is similar to email and their response time is also same. You can also submit a call back request to their chat or email.

Social Media: You can also drop a message to them at their different social accounts like Facebook, Instagram, Twitter, LinkedIn , etc. Their support is quite good compared to many other CFD brokers in SA, plus they also have local phone support available. On the plus side, HotForex is regulated by Top-Tier regulators FSCA in South Africa, FCA in UK, CySEC in Cyprus, DFSA , so it is safe to trade with them.

Moreover, HotForex is offers one of the lowest spread with their trading accounts out of all the brokers that we have tested so far. Their fees is low to moderate, depending on the account type.

Their support is also very reliable as per our tests. They also have a local phone number for support in South Africa. But, the support is not available during the weekends. Also, the number of trading instruments could be higher. To sum up, HotForex offers an end-to-end solution from on-boarding, to execution and settlement of payments. The exact minimum deposit depends on the account type that you choose.

Yes, HotForex does offer ZAR account currency option with account their trading accounts for traders in South Africa. The lowest deposit is R70 with Micro account. You can make deposit via EFT or local bank transfer.

Yes, Hotforex have NAS indices as a CFD instrument on their platform for traders in South Africa. The typical spread for trading NASDAQ CFD on HotForex is 2. The instrument is listed as US Tech on their platform. HotForex is licensed by FSCA in South Africa.

HF Markets SA PTY Ltd with FSP No. Their fees is quite competitive, with their spread of 1. We only accept user reviews that add value to fellow South African Traders.

Unfortunately, not all reviews that you post with us will be published on the website. Thank you for helping out other traders with your valueable feedback!

Important: We don't accept any payments or kickbacks from any forex broker s to delete or change any reviews. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. The support staff is great at their services i had found out they are humble enough replying my queries and on the quicker notes resolving them too. Very popular over all in South East Asia, many of my trading buddies do trade with Hotforex due to ease of access and stability.

Great broker. Last withdrawal made was July 6th, total amount of usd, received in Skrill account on July 7th. This is my 3 withdrawal since joining last April This broker is really good.

HotForex is manipulating the market. When you make a small deposit, they manipulate the market till you blow your account. Really disappointed. Based on our Rating of best brokers. Disclosure: We may earn a small commission if you decide to sign up with the broker through links in this review. Thanks for your support! We aim to help traders in South Africa find the best forex brokers. Read more..

Read full risk disclaimer.. za: 1 Forex Broker Comparison website in South Africa. All Rights Reserved, HotForex Review Hotforex is our recommended regulated forex broker. Rating 9. Read 4 User Reviews. Minimum Deposit. Visit HotForex SA. HotForex Pros HotForex South Africa is regulated with FSCA with FSP Number Their overall trading fees i. spread, other commissions is low for most trading instruments.

Supports ZAR accounts. Local Phone support is available in South Africa. Many other brokers offer higher number of trading instruments. What is the minimum deposit at HotForex SA? Does HotForex offer ZAR Account? Does HotForex have NAS? Is HotForex regulated in South Africa?

Before the price moves higher, one can take a position at a lower price. Limit pending orders can be useful when taking advantage of a resistance level before prices move lower. HotForex comes with different tools and offers the entire MT suite, including MT4 and MT5.

In addition, both desktop and mobile versions are available. The desktop version features automated trading systems, also known as Experts, and these work through the MQL5 signals community. HotForex provides its customers with an optional suite of trader tools, also known as Premium trader tools. Moreover, 12 tools are available in the package. Some of them include connecting for news, additional technical indicators, and an Alarm manager for alerts.

There are also advanced insights plugins available. HotForex MT4 multiterminal platform offers a practical and convenient way to manage multiple accounts through a single interface.

In addition, Hotforex provides its users with a trading environment with various tools that offer great functionality. You can log in to an unlimited number of MT4 accounts, and the best thing is that you can manage them at one time. You can switch to another account anytime as well as monitor all your accounts simultaneously. HotForex MT4 is a user-friendly platform that has interbank liquidity.

Fast execution and many benefits make this an excellent trading platform for traders, offering a wide range of tools and resources that truly meet their needs. HotForex is a perfectly equipped platform that allows you to analyse price dynamics to help traders make transactions and work with Expert Advisors. In addition, a variety of features are available to meet the needs of traders in the financial markets.

Hotforex MT4 provides the research option. You can analyse and use trading tools from third-party providers.

Through HotForex, you can avail yourself of the forex news and trading signals generated by automated pattern recognition. There is a facility of the economic calendar that keeps you updated with quarterly, annual outlook, and monthly updates.

Through HotForex MT4, you also get an education about trading, so you can start working with fewer risks. HotForex Mt4 trading is a secure trading platform where you can log in with confidence. In addition, this account allows you to trade with a demo account so that you can learn without taking any risks. So, what are you waiting for? Get ready to log in with HotForex MT 4 and start trading with this legit platform.

Heinrich is a forex and CFD enthusiast with a passion for writing good informative quality content. He strives to showcase the best forex brokers in Africa. Join him on his Journey! Among several trading…. Bear markets are…. In this…. Username or Email Address. Remember Me. Home Traders Blog HotForex MT4 — MetaTrader 4. HotForex MT4 — MetaTrader 4 Categories: Traders Blog Author: Heinrich Le Roux.

Date: 6 Jan Trade Nation is a truly Multi-Regulated Forex and CFD broker with offices located globally. Sign up Sign up. Financial spread trading comes with a high risk of losing money rapidly due to leverage. You should consider whether you understand how spread trading works and whether you can afford to take the high risk of losing your money. Sign up Sign up CFD service.

Hotforex is our recommended regulated forex broker. Read our HotForex Review to know more on why you should choose them or not! HotForex is a reputed forex and CFD broker that was established in It is a popular broker, with more than 2. HotForex South Africa is licensed by regulatory authority Financial Sector Conduct Authority FSCA with FSP Name HF Markets SA PTY Ltd since Plus, HotForex Group is regulated by globally reputed Top Tier Regulators including FCA, CySEC.

So we consider HotForex as a safe broker for traders in South Africa. HotForex also offers ZAR Trading accounts, and very low spread for trading with Zero account. They also have local phone number for support. HotForex is a FSCA regulated forex broker in South Africa, so we consider it a safe broker for forex trading. There are a few more things which we believe makes HotForex a standout with regards to the safety of funds :.

Accounts with major banks: HotForex brand is international and its connections with global banks enables the company to provide high liquidity. Also, HotForex offer negative balance protection with all their trading accounts. So, you cannot lose more than your deposits in case the price goes against you by a lot in extremely volatile conditions.

We highly recommend HotForex with regard to the safety of funds. Fee is important as it is something you pay to the broker every time you place an order. It is therefore helpful to go into the details before your signup with any broker.

HotForex offers the low typical spread for major instruments, in comparison with other regulated brokers like FXTM, Tickmill; but it is higher than Exness. Rollover fees for overnight positions: HotForex charges rollover fees for overnight positions.

This is the interest paid or earned as a result of holding your position overnight. In Forex, the rollover calculation involves the difference in the interest rates of both currencies. Although rollover is medium, long-term traders like Swing traders need to consider the interest differential as rollover charges may build up.

This data is as of February, No Deposits and withdrawal fees: HotForex does not charge any deposit and withdrawal fee, this includes online bank transfer method in South Africa. without any trading or financial activity for the past 6 months only if you have remaining balance in your account.

But, Hotforex. A live trading account at HotForex SA is archived after days of Inactivity in the account. HotForex offers different types of Accounts to its clients to suit a wide range of trading strategies. The currency accepted is either the USD or EUR or ZAR. This is the deposot required with their Micro Account. Hotforex does offer 4 ZAR base currency accounts for traders in South Africa. HotForex is one of the only few forex brokers that offers ZAR accounts to SA traders.

HotForex Demo account is designed to closely resemble the Live account thereby offering a seamless transition to the Live account for anybody new and test the market before putting their real money. The following features are offered with all accounts at Hotforex: 1.

Negative balance protection: During the events of high volatility, sudden price movements may occur and margin calls or stop loss may not function correctly, which could lead to negative balance in the account. Under HotForex policies, client is not liable to pay back a negative balance.

The minimum deposit depends on the account type that you sign up for. No commission involved but you have to account for the variable spread a benchmark figure of 1. You can trade a maximum of 7 Lots per trade upto a maximum number of orders.

You can trade a maximum of 60 Lots per trade upto a maximum number of orders. This account is more suitable if you are a day-trader who places a lot of trades, as you get very low spreads a benchmark figure of 0. The overall fee in the end is much lower. You can trade a maximum of 60 Lots per trade up to a maximum number of orders. The commission-based structure is transparent and is based on the currency pair type. This account has very low spreads hence we highly recommend Hotforex Zero account.

Opening account with HotForex South Africa is very simple and does not take much time. You simply need to follow the below steps to open an account with them to start trading.

Here are some detailed and explained steps that you can follow to open and account with HotForex:. Step 1 Open the home page: First of all you need to open the homepage of HotForex. za and after that you need to click on Open Live Account on the top right side of the screen. Step 2 Open Live Account : Now you will be redirected to Open Live Account where you need to fill some Information as shown in this below screenshot.

Step 3 Click on Register button: After entering the required information while signup you need to agree terms and conditions and then click on Register button at the bottom of the page.

Step 4 Account Opening Confirmation: At last you need to verify the details and email used by you by clicking on the verification link sent to your email. NOTE: We recommend you to start with Premium or Zero account as it comes with lower spread and very low commission fees. Step 6 Account Verification: Once done with filling the KYC form you need to upload your ID proof and Address proof for the verification.

and for Address proof you can upload your Utility bill like telephone bill or electricity bill. After you have submitted your documents, HotForex will normally verify your account in business hours and revert to you on your email with account verified message.

Hotforex allows trading under 7 asset classes the same as most other brokers. But their currency offerings are lesser than other South African regulated brokers. Moreover, execution desk is available for all open orders, which means the clients can close or manage all their open positions over the phone. It is not available for Market orders or to open new positions.

But the spreads are competitive for all the pairs they offer. You can have access to trade on 7 Major pairs and other Minor, Exotic currency pairs. They have advantages like low margin requirements, low transaction fee etc. but have a downside in high spreads where profits become less in case of low volatility. As many as 56 share contracts of reputed companies can be traded on HotForex by the time of this writing. CFDs on Energies: Energy Contracts are on offer on HotForex for both Spot and Futures markets.

Energies on offer in Futures market include UK Brent Oil, US Crude Oil and US Natural Gas. You may trade UK Brent Oil and US Crude Oil on Spot markets on HotForex. CFDs on Commodities: Commodities are sensitive to political and economic events, which makes them attractive to traders.

HotForex gives access to trade on popular commodity markets. You can trade Palladium contracts on Spot markets and variety of commodities like Coffee, Cocoa, Copper, Cotton, Sugar and Soybean Oil contracts on Futures markets on HotForex. CFDs on Bonds: Bond contracts like Euro bond, UK Gilt, US year Treasury note are also available to trade on HotForex.

HotForex MetaTrader platforms HotForex has trading platforms for all kinds of trading needs, whether it be Desktop or on-the-go using mobile. They offer MetaTrader4 MT4 and Meta Trader5 MT5 trading terminals which are as good a platform as any other maybe the best.

Their platform is perfect for forex and futures trading, and is developed by MetaQuotes Software Company. Local bank transfer is the easiest option available. Online Bank Transfer: HotForex offers deposit via Online Bank transfers in South Africa. The minimum amount is 5 USD, and the funds are reflected in your HF account within a few minutes. Bank Transfer: SA traders can withdraw funds via Online transfer in bank account. The withdrawal time is up to 48 hours, but there is no extra fees with this method.

The bonus can be withdrawn, provided certain trading volume conditions are met as specified in their terms. Overall the bonus at Hotforex is good. We advise to contact their support at [email protected] if you have any questions regarding their bonus. HotForex customer support staff is very helpful and can be contacted easily via Live Chat Support, Email or by calling at their local South African phone number.

You can contact them any time i. e 24 hours in a day with the Hotforex Customer Support. Helpful Live Chat Support Recommended method for contact : Live Chat Support is available on their website which is very quick responsive. We did not experience about a minute of hold time to connect with Live Chat Support at Hotforex SA during our tests. The chat is available to visitors as well, but they normally ask for Country of Residence before answering the questions. We found the responses to be quite helpful.

Fair Email Support: You can send a mail to Hotforex at [email protected] to contact them regarding any query or issue. There are also different emails for various departments, all of which are mentioned in the Contact Us page of HotForex. Normally they reply back within 12 hours via email. Hotforex South Africa Contact Form: You can also submit your request to HotForex.

za by filling the contact us form on their website. It is similar to email and their response time is also same. You can also submit a call back request to their chat or email.

Social Media: You can also drop a message to them at their different social accounts like Facebook, Instagram, Twitter, LinkedIn , etc.

HotForex MT4 – MetaTrader 4,Leverage Up To

/01/06 · HotForex is a perfectly equipped platform that allows you to analyse price AdHotForex is one of most trusted brand in the world of CFDs Trading AdTrade Forex From Your Home - No Commissions, tight spreads! Capital at Risk. Stay up-to-date with our Economic blogger.comm has been visited by K+ users in the past monthAnalysis Tools · Trading Tools · Trading Platform · Free Demo AccountTypes: CFDs on Forex · CFDs on EUR/USD · CFDs on EUR/GBP · CFDs on EUR/AUD AdStart Trading with one of the leading brokers you choose, easy comparison! We Checked All the Forex Brokers. See The Results & Start Trading Now! AdCompare the Best ECN Forex Brokers using more than 50 criteria. The guideline to finding the best ECN Forex brokers for forex trading HotForex ... read more

The overall fee in the end is much lower. Submit Your Review. Best Rated Forex Brokers 1 Hotforex 2 XM Trading 3 Exness 4 Avatrade 5 FXTM South Africa 6 FXCM South Africa. You can analyse and use trading tools from third-party providers. Read 4 User Reviews. HotForex MT4 is a user-friendly platform that has interbank liquidity.

Trade Nation is a truly Multi-Regulated Forex and CFD broker with offices located globally, hot forex. There hot forex also advanced insights plugins available. Local Phone support is available in South Africa. NOTE: We recommend you to start with Premium or Zero account as it comes with lower spread and very low commission fees. You can sign up and then download MT4 trader software to get connected with this system. HotForex provides its customers with an optional suite hot forex trader tools, also known as Premium trader tools.

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