Hotforex mastercard

If you have not reached the daily or monthly spending limits on your card and the ATM machine does not dispense more than a specific amount, it means that the bank that owns the ATM machine at which you are trying to withdraw has implemented a maximum amount per withdrawal transaction.
In other instances, the card may be subject to EMV restrictions since it is a magnetic stripe card and therefore you may not be able to withdraw cash using the card for more than USD 350 in 2 attempts every 12 hours. To remove this restriction, please contact us at support@hotforexcard.Com.

Best forex bonuses

If you lose or forget your PIN, you need to report it to the card issuer customer support team at support@hotforexcard.Com to assist you with a PIN re-issue.
PIN re-issue fee costs $30 and you will receive your PIN by courier delivery to the registered address of your card account.

Hotforex mastercard

After we receive and approve your card application; it takes 3 to 5 working days for the card to be sent out.

After a card is issued; if it is requested to be sent by regular mail, the time it will take to arrive will depend on the postal system in your country and normally should not take more than 3 to 4 weeks to be delivered.

Cards requested to be sent by courier are delivered within 5 days from approving your application.

Card application approval depends on the provision and acceptance of your documents and the ability to reach you over the phone to verify your details. Once you submit your online application, you should expect a call from our support team within 24 hours during working days and on the next working day during weekends and bank holidays.

Once your application is approved, we will notify you by email when your card is issued and sent out.

The -10 that you see on the available balance is not a fee.

The available balance appears as -10 because 10 currency units will be reserved on the card balance from your first deposit to protect it from going into a negative balance.

For example: if you deposit USD 100 to your card, the current balance will be 100 whereas the available balance to spend will be 90.

The PIN code for the card cannot be changed at an ATM machine.

If you lose or forget your PIN, you need to report it to the card issuer customer support team at support@hotforexcard.Com to assist you with a PIN re-issue.

PIN re-issue fee costs $30 and you will receive your PIN by courier delivery to the registered address of your card account.

As soon as you are aware that your card has been lost or stolen, immediately report it to +44 203 3181806 so the card is instantly blocked.

If you have a zero balance and you do not use your card within a period of 12 months, it will be automatically deactivated. You can request to re-activate your card whenever required as long as it has not expired.

If you have a balance on your card and you do not use it during a calendar month, you will be charged a monthly administration fee and your card will be deactivated when the balance on your card reaches zero. Please refer to fees table below.

As per the terms and conditions, you are obliged to cover any negative balance on your card within a reasonable and acceptable period of time.

Before you attempt to make an ATM withdrawal or a purchase you need to make sure of the following:

Your card is active

You have sufficient funds on your card

The ATM or POS machine you are using accepts unionpay cards

You are using the correct PIN code

If the transaction is still declined, please contact the card issuer customer support team at support@hotforexcard.Com and provide the following details in order to resolve the issue:

The exact date when you attempted to use the card

The exact amount of the transaction you attempted to perform

The merchant/bank name at which you tried to use the card

The exact error message you received on the terminal while trying to use your card

The location where you attempted to use your card if you are using it outside your country of residence.

If you have not reached the daily or monthly spending limits on your card and the ATM machine does not dispense more than a specific amount, it means that the bank that owns the ATM machine at which you are trying to withdraw has implemented a maximum amount per withdrawal transaction.

In other instances, the card may be subject to EMV restrictions since it is a magnetic stripe card and therefore you may not be able to withdraw cash using the card for more than USD 350 in 2 attempts every 12 hours. To remove this restriction, please contact us at support@hotforexcard.Com.

The card is subject to annual loading limits depending on the KYC documents you supply to the card issuer. Below is a table summarizing these limits per category. The card is issued by default under premium category; should you wish to upgrade your card loading limits, please choose the desired category and send the required documents directly to the card issuer at documents@csc24seven.Com:

Required due diligence

MAXIMUM TOTAL CARD LOAD PER ANNUM (equivalence of EUR)

1. Scanned colour copy of valid signed passport/ ID document
2. Scanned colour copy of recent (not older than 6 months) proof of permanent residential address document signed by you
3. Telephone call for address verification
4. Skype call required for certain countries

Up to 14,999

Required: in addition to the above:

1. KYC form (you can request this form from documents@csc24seven.Com)
2. Original or true certified copy of recent (not older than 6 months) proof of permanent residential address

From 15,000 to 59,999

Required: in addition to the above:

1. Original bank reference letter or bank transfer from own bank account

2.Certified true copy of signed passport/ approved ID document
3. Video skype call

"hotforex mastercard" connected to MT4 trading accounts directly

Get your mastercard and use your funds from your MT4 accounts directly!

Do you live in south africa? Then please go to hotforex ZA (south africa) main introduction page.

Hotforex is now offering its own mastercard to traders.

The card is directly connected to your MT4 trading account. You are able to withdraw your profits immediately via your card.

The card issuer is csc24seven.Com limited, a cyprus registered e-money company.

Trading, shopping and cashing.

All can be done with this “HF mastercard”.

HF mastercard fees

Here is the “commission table” for the usage of HF card.

Charges & fees	amount
ATM cash withdrawals: (max. Withdrawal $400)	*flat fee $3.00
POS purchase	free
non-financial transaction/ decline/ ATM balance enquiry/ incorrect PIN	$ 0.40
A monthly card account administration fee will be charged under the following circumstances:
-12 months of inactivity	$ 5.00
-24 months of inactivity	$ 10.00
annual card fee:	$ 5.00
minimum balance:	$ 10.00
replacement of lost PIN or closing of account with return of balance:	$ 30.00
online balance enquiry/ statement request and SMS notification of transaction:	free

For other currencies, you will be charged equivalent amount for each fee.

FAQ – frequently asked questions

How much is the cost for delivery?

A card delivery cost 10 USD with standard delivery and 40 USD for shipping via courier.

How many days until I receive the card?

In case of delivery by post, your card should be delivered within 10 days, and in case of delivery by courier, your card will reach you within 5 days of being issued.

*for residents outside of EU, it may take more days.

What is required to issue a HF card?

Nothing really required, but you may be asked to provide certain documents to prove your ID and address, and a wire transfer to your bank account to receive a SWIFT confirmation.

How long it takes for hotforex to approve the “card issuing” request?

It usually takes less than 24 hours to approve. If there is a delay, it could be because of the following reasons:

Incomplete information

Duplicate mobile phone number

Duplicate address

Where can I use the card?

You can use your card anywhere that displays the mastercard logo. ATM or shopping, anytime you want and anywhere you want in the world.

Why my balance is -10?

It is not a deduction, it is reserved on a card to guard against going into the negative due to any bank charges and fees.

Any expiration dates?

Your card will be deactivated after 180 days of inactive with 0 balance, or after 12 months of inactive with balances.

How to change or reset PIN code?

To change the PIN code, you need to contact the support team.

If you forget your PIN code, call the support team and request that they re-issue your PIN, and it will cost $30.

My card is stolen, who should I do?

If your card has been lost or stolen, please contact +961 1 744962 immediately.

Terms and conditions

Residents of algeria, east timor, ecuador, india, iran, israel, north korea, kosovo, myanmar, syrian arabic republic and congo democratic republic are not entitled to apply for the HF mastercard at this time

If you have used the card to fund your trading account, up to the deposit amount will be back to the original card in case of withdrawal

The HF card is not available for corporate and joint account holders

HF card can be used only for withdrawing profits

The maximum amount you can withdraw with HF card is 5,000 USD per month

Hotforex

Post tags

Hotforex's service condition outweighs most of the other FX brokers'. Find out why.

Do you live in south africa? Then please go to hotforex ZA (south africa) main introduction page.

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Who is hercules.Finance?

Hercules.Finance is a financial education website powered by a team of financial specialists and IT experts, mainly introduce solutions of forex, CFD and commodity investment, and a number of payment services. With more than 30 partnered companies all over the world, hercules.Finance offers trusted and timely information for investors and users of the services. By referring to hercules.Finance, you can find all latest news/information, financial technical/fundamental analysis, main/exclusive bonus promotions of partnered companies and a number of educational materials of finance. For the list of all partnered companies, please visit here. For more latest information of the website, please visit hercules.Finance.

Risk warning

Foreign exchange and contracts for difference ("cfds") are complex financial products that are traded on margin. Trading forex & cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, forex & cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of forex & cfds is not a reliable indicator of future results. All information on hercules is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Please note the spreads displayed in the website are all included extra trading commissions, as it shows the whole commissions charged by each broker. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

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About

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Legal: HF markets (SV) ltd is incorporated in st. Vincent & the grenadines as an international business company with the registration number 22747 IBC 2015. The objects of the company are all subject matters not forbidden by international business companies (amendment and consolidation) act, chapter 149 of the revised laws of saint vincent and grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, cfds and leveraged financial instruments.

The website is owned and operated by HF markets group of companies, which include:

HF markets (SV) ltd with registered address suite 305, griffith corporate centre, P.O. Box 1510, beachmont kingstown, st. Vincent and the grenadines.

HF markets (europe) ltd with registered address spyrou kyprianou 50, irida 3 tower 10th floor, larnaca 6057, cyprus.

HF markets SA (PTY) ltd with registered address katherine & west suite 18 second floor 114 west street sandton, johannesburg 2031.

HF markets (seychelles) ltd with registered address room 107, orion complex. PO box 1228, victoria mahe, republic of seychelles.

HF markets fintech services ltd with registered address spyrou kyprianou 50, irida 3 tower 10th floor, larnaca 6057, cyprus.

HF markets ltd regulated by the financial services commission (FSC) of the republic of mauritius, category 1 global business no. C110008214 license | company reg. No. 094286/GBL.

Risk warning: trading leveraged products such as forex and cfds may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice. Please read the full risk disclosure.

Regional restrictions: HF markets (SV) ltd does not provide services to residents of the USA, canada, sudan, syria, north korea.

Hotforex

Trading instruments somewhat limited

Banking options limited

No real promotions

Min deposit

Max leverage

Mini account

Bonus

Platforms

Withdrawal options

Review

Comparison

Review

Introduction

Hotforex has been around since 2010 when it was started in mauritius. They are a leader when it comes to providing forex services online, as well as being a worldwide CFD broker. They place an emphasis on their customer.

Currently, there are a number of jurisdictions in which the broker is regulated in, including the cyprus securities and exchange commission (cysec), the financial service provider from the financial sector conduct authority (FSCA) in south africa, and the financial services commission (FSC) in mauritius.

They have won numerous awards since they started their business operations, including being part of the top 100 companies list that was compiled by the world finance magazine in 2017.

On the hotforex platform, there are 27 different languages catered for.

Founded in 2010 in mauritius

Regulated by numerous respected bodies

Winner of many esteemed awards

Trading conditions

One of the key components of hotforex as a broker is to cater for all of the potential needs their customer may have. This is why they have a massively diverse range of account types available for you to choose from, with seven different options on offer, which is extremely high in this sector.

The options available to you are the micro, premium, zero, VIP, auto, hfcopy , PMAA, and premium pro accounts. Each of them has their own strengths and weaknesses, so you need to ensure that in opening an account, you choose an option that best suits your specific needs.

With the micro account, it is suitable for beginners, with a minimum deposit of $50 required, with spreads starting from 1 pips and variable spreads in general. For those looking to minimise fees and spreads, the zero account has raw spreads with 0 mark-up.

This means that you will be dealing with very tight spreads and low commissions. If you are a high roller, the VIP account could be for you as a result of the minimal fees associated with its use and very competitive spreads.

There is a minimum required deposit of $20,000 on this account type. The auto account allows you to copy automatically the advice given by the signals and indicators which are provided from expert analysis systems that have been created at hotforex.

Leverage is going to change depending on the type of account and the type of instrument you are looking to trade.

While often times hotforex has interesting bonuses and promotions running, at the moment they do not having anything of note on offer. In the past for example, if a client deposited 250 USD into his/her approved bonus scheme account he could receive a 100 % supercharge bonus credit of 250 USD. The rescue bonus applied to deposits over 50 USD. If a client deposited 100 USD, he/she could receive 30 USD as part of a rescue program. The rescue program could be used as a stop loss as there is was no limitation in using it for trading. Users were able to receive the rescue bonus after a loss cut. Unfortunately this is not a current promotion, but it may be worth looking out for such bonuses in the future.

6 different account types to choose from

Competitive spreads

Flexibility of options

Products

In terms of the trading instruments offered by hotforex, you can deal with everything from cryptocurrencies, forex, metals, indices, shares, energies, commodities and bonds.

There are more than 50 different currency pairs available and they currently have 53 different shares available as part of their offering.

53 shares available to be traded

Over 50 currency pars to be traded

Regulation

Under their official name of HF market group, they are regulated in a number of different territories.

They are a cypriot investment firm (CIF) and are regulated by the cysec (license number: 183/12). They are regulated by the FSC of the republic of mauritius (license number: C110008214) as well as being incorporated in st. Vincent and the grenadine as an international business company (license number 22747 IBC 2015), they are authorised by the FSCA in south africa (authorisation number 46632), as well as being regulated by the seychelles FSA (license number SD015).

With such wide ranging regulatory bodies approving of hotforex, you can sleep well at night knowing your funds will be kept safe.

Regulated by numerous respected bodies

Platforms

Like a lot of forex brokers, hotforex utilises metatrader as their trading platform. This is ideal for those traders who are well used to using this trading platform and it is quite easy to pick up for those who don’t have any experience using it.

There are many different features and tools available to you as part of this platform which helps to enhance the ability of the trader.

There are many different version of metatrader 4 available with hotforex, including their desktop, multi-terminal, web browser, iphone, ipad, android and general smartphone versions of the trading software.

There is also a proprietary hotforex rapidtrader API available to users which allow traders to get direct market access, as well as being able to conduct automated trading without needing to use the metatrader 4 platform.

Variety of metatrader platforms to choose from

Proprietary trading platform option

Mobile trading

As a result of being a metatrader only platform, you will able to utilise the platforms on ios and android devices, through the metatrader 4 (MT4) app which can be downloaded straight away from either the app store or the android play store. There is also a version for general smartphones that do not fall under the android or iphone categories.

There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps.

Quality mobile offering

Pricing

With hotforex, the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them. There are seven different account types in total.

For the most part, there are variable tight spreads offered at hotforex in addition to their specialised account for scalpers that are fixed spread and the automated trading account which has the same spread prices as interbank.

For their zero account in which there are no spreads, commission is charged at a tiered rate. Generally, for trades sized up to 1,000 there will be $0.08 charged per round turn, $0.80 charged per round turn for a trade size of up to 10,000 and $8 per round turn for trades sized up to 100,000.

The typical spread you can expect for EURUSD is 1.2 pips

Competitive spreads

Variety of pricing models depending on account type

Deposits & withdrawals

There are many different deposit and withdrawal options available for users of the hotforex platform. Mastercard and visa cards are of course catered for in addition to the likes of skrill, american express, neteller, mybitwallet, webmoney and bank transfers.

The minimum required deposit for a bank wire transfer is $250, with the minimum required deposit for all other options being set at $50. Hotforex do not charge any fees for these payment options.

Depositing via bank transfer will take between 2 and 7 working days whereas the other options will have their deposits processed almost instantly. In terms of withdrawals, they will start to be processed within 24 hours after the request has been submitted.

The minimum withdrawal amount is $5 for all options except the bank transfer, with the minimum withdrawal being $150. It will take the bank transfer and credit cards between 2 and 10 working days for withdrawals to be fully processed. Withdrawals made through the likes of neteller and skrill will be processed almost instantly.

Processing times are average

Payment options somewhat limited

Customer support

You can get in touch with a member of the hotforex customer support team 24 hours a day. You have the option of sending an email, talking to a representative via live chat or ringing them over the phone. There are different numbers you need to ring depending on the specific region you are located in.

There are more than a dozen languages catered for through the customer support team and the support is available five days per week. They also have a comprehensive FAQ section in which you will very likely find answers to your questions.

Customer support available 24/5

Comprehensive FAQ section

Research & education

Hotforex have an extensive education section as part of their platform to help their traders as much as possible. They have everything from live webinars to market analysis, general training videos and step by step courses.

All of these resources are available to anyone and they are ideal for those trading out their trading journey and more experienced traders alike.

Noteworthy points

Hotforex has a VPS hosting service if you need it and they have a whole host of trading tools, calculators and market analysis all in one place that will fit all of your needs.

It really is a one stop shop for all of your trading needs, as they look after the needs of their users from start to finish.

They are well respected in the industry and this is reflected by the numerous awards they win each and every year. They are involved with numerous charities, including the likes of unicef and red cross, as well as sponsoring numerous events over the years, such as the 2017 carrera cup.

The platform is easy to use and with more than 27 languages catered for, they cover most of the bases.

Support of numerous charitable organisations

Over 27 languages

VPS hosting service

Conclusion

Hotforex is a one stop shop for all of your trading needs, whether you are new to trading or have many years of experience

They have a great education centre which will allow you to educate yourself on all manners of training, as well as keeping up to date with the latest market analysis.

Their customer support team is always available to help and they have tried and trusted banking options which keep your funds safe and sound. They’re regulated by numerous respected bodies across the world and have competitive pricing across the board through their various account types.

Overall, hotforex is one of the best brokers on the scene today and are definitely a great option if you are looking for a new broker.

Comparison

Broker comparison maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod. Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin.

Hotforex introduces its first branded prepaid card

PORT LOUIS, mauritius , november 1, 2016 /prnewswire/ --

The all-new hotforex mastercard allows traders to cash their trading account earnings and pay electronically worldwide.

Award-winning forex and commodities broker, hotforex is offering its clients the opportunity to obtain a prepaid card which will be connected to their trading account.

The brand new hotforex mastercard allows clients to make direct deposits from the card to their myhotforex wallet. They can also transfer their trading profits to the card with ease and carry out secure online payments, hassle-free shopping, as well as buy goods and services at outlets displaying the mastercard logo.

Traders who apply for hotforex's new global payment solution can profit from a complimentary SMS service for transaction notifications, free online statements for complete command over their finances, and a global network of atms to withdraw cash from.

A hotforex spokesperson commented, "by combining the strengths of hotforex with a globally recognized name such as mastercard, we bring flexibility and efficiency to our traders. Since the launch of hotforex mastercard, we have seen an overwhelming popularity for this handy payment solution, mainly because it offers incredible ease and convenience in transactions, allowing our clients instant access to their money."

The card costs a mere USD 10 with standard delivery and can be shipped to most parts of the world. To apply for hotforex mastercard or learn more details, you can visit the dedicated website or contact hotforex's team.

Hotforex is a leading, global FX broker that offers both retail and institutional trading services to clients from around the world. Since its foundation, the company has consistently won coveted titles from respected finance industry bodies for its innovative forex trading service provision.

Trading forex and cfds carries a high degree of risk to your capital.

Media contact:
HF markets ltd
tel: +44(0)2033185978
email: [email protected]

Hotforex mastercard

After we receive and approve your card application; it takes 3 to 5 working days for the card to be sent out.

After a card is issued; if it is requested to be sent by regular mail, the time it will take to arrive will depend on the postal system in your country and normally should not take more than 3 to 4 weeks to be delivered.

Cards requested to be sent by courier are delivered within 5 days from approving your application.

Card application approval depends on the provision and acceptance of your documents and the ability to reach you over the phone to verify your details. Once you submit your online application, you should expect a call from our support team within 24 hours during working days and on the next working day during weekends and bank holidays.

Once your application is approved, we will notify you by email when your card is issued and sent out.

The -10 that you see on the available balance is not a fee.

The available balance appears as -10 because 10 currency units will be reserved on the card balance from your first deposit to protect it from going into a negative balance.

For example: if you deposit USD 100 to your card, the current balance will be 100 whereas the available balance to spend will be 90.

The PIN code for the card cannot be changed at an ATM machine.

If you lose or forget your PIN, you need to report it to the card issuer customer support team at support@hotforexcard.Com to assist you with a PIN re-issue.

PIN re-issue fee costs $30 and you will receive your PIN by courier delivery to the registered address of your card account.

As soon as you are aware that your card has been lost or stolen, immediately report it to +44 203 3181806 so the card is instantly blocked.

If you have a zero balance and you do not use your card within a period of 12 months, it will be automatically deactivated. You can request to re-activate your card whenever required as long as it has not expired.

If you have a balance on your card and you do not use it during a calendar month, you will be charged a monthly administration fee and your card will be deactivated when the balance on your card reaches zero. Please refer to fees table below.

As per the terms and conditions, you are obliged to cover any negative balance on your card within a reasonable and acceptable period of time.

Before you attempt to make an ATM withdrawal or a purchase you need to make sure of the following:

Your card is active

You have sufficient funds on your card

The ATM or POS machine you are using accepts unionpay cards

You are using the correct PIN code

If the transaction is still declined, please contact the card issuer customer support team at support@hotforexcard.Com and provide the following details in order to resolve the issue:

The exact date when you attempted to use the card

The exact amount of the transaction you attempted to perform

The merchant/bank name at which you tried to use the card

The exact error message you received on the terminal while trying to use your card

The location where you attempted to use your card if you are using it outside your country of residence.

If you have not reached the daily or monthly spending limits on your card and the ATM machine does not dispense more than a specific amount, it means that the bank that owns the ATM machine at which you are trying to withdraw has implemented a maximum amount per withdrawal transaction.

In other instances, the card may be subject to EMV restrictions since it is a magnetic stripe card and therefore you may not be able to withdraw cash using the card for more than USD 350 in 2 attempts every 12 hours. To remove this restriction, please contact us at support@hotforexcard.Com.

Required due diligence

MAXIMUM TOTAL CARD LOAD PER ANNUM (equivalence of EUR)

Up to 14,999

Required: in addition to the above:

1. KYC form (you can request this form from documents@csc24seven.Com)
2. Original or true certified copy of recent (not older than 6 months) proof of permanent residential address

From 15,000 to 59,999

Required: in addition to the above:

1. Original bank reference letter or bank transfer from own bank account

2.Certified true copy of signed passport/ approved ID document
3. Video skype call

Hotforex

Trading instruments somewhat limited

Banking options limited

No real promotions

Min deposit

Max leverage

Mini account

Bonus

Platforms

Withdrawal options

Review

Comparison

Review

Introduction

They have won numerous awards since they started their business operations, including being part of the top 100 companies list that was compiled by the world finance magazine in 2017.

On the hotforex platform, there are 27 different languages catered for.

Founded in 2010 in mauritius

Regulated by numerous respected bodies

Winner of many esteemed awards

Trading conditions

Leverage is going to change depending on the type of account and the type of instrument you are looking to trade.

6 different account types to choose from

Competitive spreads

Flexibility of options

Products

In terms of the trading instruments offered by hotforex, you can deal with everything from cryptocurrencies, forex, metals, indices, shares, energies, commodities and bonds.

There are more than 50 different currency pairs available and they currently have 53 different shares available as part of their offering.

53 shares available to be traded

Over 50 currency pars to be traded

Regulation

Under their official name of HF market group, they are regulated in a number of different territories.

With such wide ranging regulatory bodies approving of hotforex, you can sleep well at night knowing your funds will be kept safe.

Regulated by numerous respected bodies

Platforms

There are many different features and tools available to you as part of this platform which helps to enhance the ability of the trader.

Variety of metatrader platforms to choose from

Proprietary trading platform option

Mobile trading

There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps.

Quality mobile offering

Pricing

With hotforex, the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them. There are seven different account types in total.

The typical spread you can expect for EURUSD is 1.2 pips

Competitive spreads

Variety of pricing models depending on account type

Deposits & withdrawals

The minimum required deposit for a bank wire transfer is $250, with the minimum required deposit for all other options being set at $50. Hotforex do not charge any fees for these payment options.

Processing times are average

Payment options somewhat limited

Customer support

Customer support available 24/5

Comprehensive FAQ section

Research & education

All of these resources are available to anyone and they are ideal for those trading out their trading journey and more experienced traders alike.

Noteworthy points

Hotforex has a VPS hosting service if you need it and they have a whole host of trading tools, calculators and market analysis all in one place that will fit all of your needs.

It really is a one stop shop for all of your trading needs, as they look after the needs of their users from start to finish.

The platform is easy to use and with more than 27 languages catered for, they cover most of the bases.

Support of numerous charitable organisations

Over 27 languages

VPS hosting service

Conclusion

Hotforex is a one stop shop for all of your trading needs, whether you are new to trading or have many years of experience

They have a great education centre which will allow you to educate yourself on all manners of training, as well as keeping up to date with the latest market analysis.

Overall, hotforex is one of the best brokers on the scene today and are definitely a great option if you are looking for a new broker.

Comparison

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Looking for the best customer service in FX trading? Read our hotforex review today!

Website: www.Hotforex.Com

Phone: +357-24-400561

Office address:

Spirou kyprianou 50 irida 3 tower 10th floor,

Larnaca 6057

Cyprus

Hotforex is quite new to the forex trading market concerning the popularity and brand awareness, even though the company has been in operation since 2008. The broker has recently re-invented its customer-oriented attitude by offering an excellent customer service platform, which has enabled the company to receive a ton of awards from several recognized institutions from europe, asia, africa, and the middle east. The primary requisite for any broker to achieve recognition in the forex trading industry is to listen to their customers, which is exactly the strategy that hotforex followed to achieve immense success among global retail traders.
Hotforex is also extremely popular among introducing brokers and affiliates, and it is indeed seen as a positive approach by the company to promote its brand among lesser known markets. The company’s prime attention towards ensuring an excellent customer-service oriented brokerage service is one of the key reasons why existing hotforex clients continue to do business with the broker.
Hotforex regulation is also one of the hot topics of discussion among traders, as hotforex is one of the few brokers that have multiple regulatory statuses throughout the world. Hotforex is regulated by the st. Vincent & the grenadines regulatory authority, the cysec in cyprus, and the FSC of the republic of mauritius under the HF markets moniker. It is interesting to note that the broker has based its corporate offices in some of the highly popular tax havens in the world, which can be a bit of an issue with traders from countries such as the US and australia. US-based brokers are required to be regulated by the CFTC and be a member of the NFA to be able to offer their services to US citizens. Nevertheless, almost all the modern regulatory organizations these days are committed to the welfare of traders in general, which is a good thing, considering that the number of scams is increasing on a day-by-day basis.

What are hotforex trading account specifications?

Hotforex has covered a significant part of the financial markets by offering forex, metals, energies, indices, shares, cfds, etfs, and binary options through its different trading accounts. Hotforex certainly understands their clients’ tastes and preferences, which is why they have incorporated a multitude of trading instruments to offer a diverse product portfolio. However, when it comes to choosing an account, hotforex provides nine different types of accounts, which is a lot for the average trader. The minimum deposit required to open an account is $5, while the maximum hotforex leverage is 1:1000. In our opinion, the leverage is too high for a forex trader, but larger accounts have comparatively rational leverage to the tune of 1:400 or lesser margin. The different types of trading accounts are as follows:

EU clients:

Micro account: $50 deposit, 1:500 leverage, spreads from 1 pip

Premium account: $500 deposit, 1:400 leverage, spreads from 1 pip

Zero account: $100 deposit, 1:200 leverage, spread from 0 pip

Fixed account: $500 deposit, 1:400 leverage, fixed spread

VIP account: $20,000 deposit, 1:300 leverage, spreads from 0.2 pips

Auto account: $500 deposit, 1:400 leverage, spread from 1 pip

Non-european clients:

Micro account: $5 deposit, 1:1000 leverage, spreads from 1 pip

Premium account: $500 deposit, 1:400 leverage, spreads from 1 pip

Zero account: $100 deposit, 1:200 leverage, spread from 0 pip

Fixed account: $500 deposit, 1:400 leverage, fixed spread

VIP account: $20,000 deposit, 1:300 leverage, spreads from 0.2 pips

Auto account: $500 deposit, 1:400 leverage, spread from 1 pip

PAMM account: $250 deposit, 1:300 leverage, spread from 1 pip

European clients cannot receive bonuses and apply for the PAMM account.

The zero account, currenex account, and the VIP account options are ECN platforms that provide tight spreads along with a commission per trade. The auto and HF social accounts are social trading accounts that allow investors to copy trades from other successful traders. Hotforex has excellent trading conditions, and the only problem is that traders can be confused by the sheer number of options available, which can negatively affect the broker’s conversion ratio. On a positive note, hotforex offers an account for every type of trader, which is one of the reasons why hotforex continues to be a popular FX broker among modern traders. The hotforex spreads are also highly competitive, and the spreads starting from 1 pip for the standard accounts are acceptable.

All accounts have access to the full range of trading instruments, and can be traded using the MT4 as the standard hotforex trading platform. Meta trader is the most commonly used and highly popular trading terminal for forex traders, which has prompted hotforex to utilize several versions of the MT4 terminal across its different account offerings. The MT4 mobile apps for ios, android, and windows devices serve as the hotforex mobile trading platform, while the MT4 webtrader can be used for both desktop and mobile trading. The MT4 multiterminal can be used to manage multiple accounts, and is a useful tool for PAMM account holders or for traders who trade on multiple investor accounts.

How can I receive A hotforex bonus?

The broker offers an attractive hotforex bonus of 100% on the deposited amount either as a cash bonus or a credit bonus, which essentially doubles the equity in a trading account. Hotforex is one of the very few mainstream forex brokers that offer a bonus, and along with exceptional trading conditions, traders will find the bonus to be quite useful in trading. You can receive a bonus by just verifying your trading account, making a deposit, and by choosing your deposit bonus.
Deposits are taken care of through credit cards, bank transfers, online payment processors and e-wallets such as skrill and neteller. Traders can make instant deposits and withdrawals. However, withdrawals do take some when compared to the time required for deposits. Accepting a bonus also puts several trading conditions into play, which should be satisfied before making a withdrawal request.
Hotforex has multiple channels for customer support, including live chat, web contact form, active phone numbers, emails, and multi-lingual support. The broker has made it exceptionally clear that dedicate their service towards maintaining an excellent relationship with their traders by keeping their client’s welfare in their mind, and this is the very core principle of the company that is guaranteed to ensure the safety of the traders and keep them secure against broker issues in the highly risk financial markets.

Is hotforex a good broker?

Yes, the hotforex online broker is a very good choice for retail traders. They offer several account types to EU and international clients, are regulated by several bodies including cysec, CFTC and the FSC of mauritius, and offers attractive bonuses to traders in eligible jurisdictions.

Does hotforex have bonus?

Yes, hotforex offers clients in eligible regions a no deposit trading bonus. To claim this offer you must complete the registration process and enter the corresponding sign-up code. Terms and conditions and country restrictions apply.

What type of broker is hotforex?

Hotforex is an online STP/ECN broker which offers its clients several account types across two trading platforms. Most of the account types have STP execution policies, yet you can enjoy ECN trading opportunities by registering for a zero spread account.

What is the minimum deposit at hotforex?

The minimum deposit for an account at hotforex depends on the account type and region you are trading from. For international traders, micro accounts start at $5 deposits. For EU traders, premium accounts start at $100.

How long is hotforex withdrawal?

Hotforex withdrawal times vary depending on which payment method you choose. The broker will process your request within 48 hours, yet transaction times can take between 2-10 business days on credit cards and wire transfers. E-wallets are the fastest withdrawal method, with instant results after processing.

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Hotforex introduces its first branded prepaid mastercard

The all-new hotforex mastercard allows traders to cash their trading account earnings and pay electronically worldwide.

Award-winning forex and commodities broker, hotforex is offering its clients the opportunity to obtain a prepaid card which will be connected to their trading account.

Traders who apply for hotforex’s new global payment solution can profit from a complimentary SMS service for transaction notifications, free online statements for complete command over their finances, and a global network of atms to withdraw cash from.

A hotforex spokesperson commented, “by combining the strengths of hotforex with a globally recognized name such as mastercard, we bring flexibility and efficiency to our traders. Since the launch of hotforex mastercard, we have seen an overwhelming popularity for this handy payment solution, mainly because it offers incredible ease and convenience in transactions, allowing our clients instant access to their money.”

Notes to media:

About hotforex

Risk warning:

Trading forex and cfds carries a high degree of risk to your capital.