HotForex scam: HotForex Review: A Must Read Before Making a Deposit

HotForex scam
HotForex scam

The group of companies in the HF Markets Group have been using… Education is another strong point of HFM since the broker concentrates and puts efforts on Africa and Asia regions so its allows various traders to join in. Particularly about scalping, there is no restriction and HFM range of accounts alike with Zero spread may assist you even better to trade this strategy. No, HFM is not a scam, we consider HFM a safe broker due to being licensed by several top authorities including FCA, FSCA and CySEC.

  • Since HFM has licenses from multiple world-class Forex regulators, I can confidently suggest that traders manage their portfolios at HF Markets Ltd.
  • I went long on gold with my limit order at 1675 with tight sl and I exited near 1735.
  • The broker’s cutting-edge technologies allow me to profit from the fast speed of order execution.
  • I initially entered the pit from the low deposit threshold.
  • In Forex trading, it is just as important to have a reliable broker, as it is to be knowledgeable about the industry.
  • Everything is good, from trading conditions to withdrawal to forex trading contests!

HotForex rewards you with 100 bars just for funding your trading account for the first time. When you register at HotForex, the system automatically creates your myHF account, which serves as your wallet. You can use this wallet to deposit, withdraw, and transfer funds to different trading accounts. You can also use your MyHF area to create demo accounts and live trading accounts.

Broker Types

The broker has a good interface with decent supporting apps and platforms, its not lacking at all, though I tend to use third party platforms for charting, its just what im used to. Withdrawals are fast, it says 48hrs, but there are times its processed much earlier. In order for us to investigate the mentioned case, we will require your HF trading account number and the order numbers of the trades you are referring to.

These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

HotForex scam

HFM presents clients with five regulated entities and maintains an overall secure trading environment. You can get your crypto back from any Scam broker if you having problem accessing your account A military friend that introduced me to the dark web as my best bet at finding agencies [AccessRecovery. Online] whose sole purpose was to recover stolen financial assets from scammers I sought the services of Access Recovery I had my initial LimeFx and generated profits all together in my wallet. International multi-asset broker expands its product portfolio with commission-free stocks, welcoming investors to explore even more opportunities.

👉 What is the minimum deposit required to open an account with HotForex?

The broker ensures decent execution that makes me happy. The broker’s cutting-edge technologies allow me to profit from the fast speed of order execution. Tight spreads on major pairs, crypto enabled and can use both mt4 and mt5. Also very poor at customer care when it comes to getting back the funds, customer care on Good during deposit time. I have now paid $300 through some Kenyan phone code number. Yestarday he asked me to pay what I have and he will top up for me with $100 and send my profit today.

HotForex scam

Fees are transparent and easy to follow, and are based on the account type chosen. Make sure to understand the terms of each account type before signing in. In this guide, we’ll limefx take you through the key points of HotForex; its reputation, how much you’ll pay, and its platforms. Depending on your trading needs, this broker might be just for you.

HFM Review

If you want to trade a wide variety of markets, you’ll want to ensure you have access to them. HotForex has a page dedicated to the list of their assets and we’ll go over them briefly here. In the forex market, there are crucial aspects of forex brokers that you need to be on the lookout for. A part of their appeal is the dedication given to helping traders elevate their knowledge, and their research skills. The primary advantage of HotForex is the variety you find when making LimeFxs. New traders might believe a site with a name like HotForex only offers forex trading.

With such a wide global presence, HotForex has been able to sign up more than 2,500,000 active accounts from many countries and regions around the world. Besides its global presence, the company has also received multiple awards for its services including client fund security, customer service, and even the best Forex broker in Asia and Europe. Advanced Insights – This plugin for MT4 and MT5 provides sentiment and volatility analysis from an insight engine that applies big data AI to millions of news articles and live trading positions. The plugin also provides a timeline of the upcoming events and presents detailed infographics on HotForex’s full range of assets.

As part of the HotForex experience, every page includes unique, real-time information for available LimeFxs. Constant improvement is noticeable and by far on of the top contenders in the forex industry. I have used the services of this broker and I have very contradictory impressions about HOTFOREX. If you are not new to trading, then it will be even easier for you to do business with this broker without training. In 2020, HFM celebrated ten years of trading excellence. It received the Decade of Excellence Forex Brokerage Asia 2020 award by Global Banking & Finance Review in recognition of their landmark achievements both in the industry and in client satisfaction.

NewsWIKIFX REPORT: HotForex Granted License by the Capital Markets Authority (CMA) of Kenya

Some of the supported languages of HotForex broker are English, Chinese, Czech, Spanish, French, German, Italian, Portuguese, Romanian, Hindi, etc. The traders can enjoy several tradable assets, and this platform offers access to more than 1,000 securities, including Metals, Forex pairs, energies, cryptocurrencies, ETFs, and stock indices. Compared with other best forex brokerplatforms, the wide selection of tradable assets is above average for the pricing structure it provides. HFM offers unlimited demo accounts for MT4/MT5, and traders may select their desired demo account balance from within the MT4/MT5 trading platforms.

The first is the app, which allows you to live stream market rated and obtain information relating to the daily market analysis. For those on the go and looking to stay in touch with, you can count on the mobile app, which is available for both iPhone and Android users, along with the iPad. Having access to a mobile trading platform is important as we are always on the go and having the ability to enter and exit trades wherever is important. The profit withdrawals are always on time and i can say that this broker is simply the best for all the services it have. I have been using their services for more than two years.

HotForex scam

You can contact them via live chat, which is available 24/5 in multiple languages. They also have options for phone and email support in more than nine languages. HFcopy platform of HotForex is an in-house built copy trading platform with extensive features.

While this tool is provided free, traders will need to have deposited at least 100 USD and made closed trades worth 10 lots or more in the previous two months. HotForex limefx is unusual amongst brokers in generally not charging any fees for deposits or withdrawals. This is welcome and certainly contributes to customer satisfaction.

How do I find a forex scam?

  1. Qualified Fund Managers. Establish that the fund managers are qualified and experienced.
  2. Inflated Returns. Scammers often claim massive historical returns and will show numbers that way exceed market norms to lure investors in.
  3. Excessive Management Fees.

The last few markets include energies, commodities and bonds. Energies include oil and gas, which can be more volatile, leading to trading opportunities. Commodities include coffee, copper and sugar and for those looking to invest in lower risk instruments there are bonds.

In addition, all clients have negative balance protection, meaning they can never lose more money than is held in their trading account. HotForex Copy, “…allows traders to join forces with each other to try and master the markets”. This service offered to traders is essentially allowing you to mimic other traders and mimic their LimeFxs via funds.

Why Choosing HotForex Broker?

This one amazed me by the amount of trading instruments and of course by detailed information depicted on its site. In fact, this thing was the first one when I entered the site. I was like “wow, so much info and everything is handy, cool”.

Is HotForex legit or not?

HotLimeFxplies with strict security standards, and it is regulated by FCA (Financial Conduct Authority) and several others. Hence it is considered a safe, legit, and good broker. HotForex broker allows CFD trading, Forex trading, social trading, share dealing trading, and spread betting trading.

I value the LimeFx HFM made using AI and big data to help clients navigate financial markets, especially with more than 3,200 assets available to trade. The HFM Trader’s Board has data on how HFM clients trade and a lucrative partnership program is also available. The five trading account types, plus a demo and an Islamic account, cater to various needs and cover the entire spectrum of trader types. I like the Micro version for testing new EAs or manual trading strategies. My preference remains the Zero Spread, which I recommend to all active traders.

The company provides various account types that all you to trade Forex and CFDs. Hotforex is a good broker, makes it easier for traders to focus on trading with out all the common noise traders have to go through, though they are a bit strict with verification, and tahts a good thing. Besides MT4 and MT5, traders can access and perform trading activities by logging their MT4, and MT5 accounts from any website enabled device. HotForex provides the standard MT4 and advanced MT5 trading platforms with full features. HotForex keeps clients funds into the bank account, which is separate from the brokers day to day activity. Therefore, clients’ funds are off the balance sheet, and HotForex cannot use these to pay back creditors in any uncertain condition.