These companies are analyzed based on their financial performance, product portfolio, and business strategies. Educational videos, forex education/e-course, events, live webinars, exclusive analysis, and a podcast are available for training purposes. HFM webinars are designed to improve clients’ FX knowledge and help them hone their trading.
They have margin requirements of 5 per cent and 1,500 USD respectively. Most of the instruments available via this broker will be found in a CFD review. Clients can trade CFDs for metals and energies as spot contracts or futures, spot or future indices, shares, spot and future commodities, cryptocurrencies, and bonds. HF Markets also provides MetaTrader’s mobile limefx scam trading apps for Android and iOS as well as web trader to easily trade without having to download a software on your computer. Knowledgeable local customer support with wide range of languages and support options and excellent customer service and support materials. Support system are excellent and in abundance, and customer service is top-of-the-line, as well.
How do I apply for a HFM MasterCard?
The currency conversion fee is based on the base currency and the payment provider. The advanced trading tools offered by HotForex include MT4 and MT5, which provide a great trading experience. The technical analysis offered by the trading platform provides an array of charting tools, trading signals, market features, and trade execution.
To provide an idea of the rates, typical spreads for EU50.F are 3.1 and for UK100.F, they are 3.3. Traders with HotForex can choose from trading US Natural Gas, UK Brent Oil, or US Crude Oil futures. Margin requirements are 50 USD per lot, 1 per cent, and 1 per cent respectively. Only two commodities are available as spot contract CFDs, Palladium and Platinum, with typical spreads of 3.7 and 3.0 respectively.
Our Review Method
ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. With HFM card, you can easily withdraw your funds directly to this card. Applications can be submitted directly from HFM’s website after your account is approved and funded.
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Opening a trading account is easy and quick, and with a $5 minimum deposit, you get to trade on its micro account. The standard account will require a $100 deposit, which is generally low compared to its peers’ requirements. HotForex has a demo trading account that’s loaded with $100,000 virtual funds to practise trading with before creating a live trading account. What’s more, it supports traders with impeccable learning resources to boost their trading skills. A gentleman broker offering a wide range of products for trading and earning online money even in the lock down. An all-around trading experience is now at the client’s reach with the new feature-packed mobile trading application from an award-winning broker HFM.
However, you can also get zero pip spreads and pay a lower commission fee with Admirals as another option. Here is a summary of different account types and cost structures. Our research team conducts thorough testing on a wide range of features, products, services, and tools . We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
Tools like VPS Hosting Services, Trading Calculator, Premium Trader Tools, Economic Calendar, Auto Trading, etc. aid trading in every way. The education part is also highly customized with e-courses, webinars, video tutorials and events. Hotforex provides its clients trading access on standard MT4 and MT5 platforms. Both the platforms have provision of access from desktop terminal, web terminal and on Android and iOS devices. Now let us look at three live account types, Micro, Premium and Zero for a benchmark currency pair of EUR/USD.
MetaTrader 4 Multiterminal
HotForex provides trading services in many other CFD instruments apart from Forex and has both retail and institutional clients. Hotforex is one of the largest forex brokers in the world in terms of daily FX trading volume. They have introduced extra security measures to help traders to focus on their trading without worrying about the protection of their cash. Client money is already covered by statutory obligations, and to further protect against liabilities against customers, HF Markets EU offers an insurance policy at no additional cost to clients. This insurance is restricted to 5 million dollars and protects against risks that might result in financial loss, such as mistakes, negligence, omissions, fraud, and so on.
HotForex is the name of a number of companies that operate in various jurisdictions around the world. One of the primary company in the group is HF Markets Ltd, an LimeFx firm in Cyprus that is incorporated in the Eu and is also licensed by CySEC . This forex broker is also licensed by South Africa’s regulator the FSB and operates through two more offshore companies that include HF Markets Ltd and HF Markets. The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
I have evaluated their performance on the basis of certain parameters like account opening time, spreads, leverage and withdrawal processing time and i have found out that they deserve five stars ratings. HFM, a global multi-asset broker, has made an intriguing advancement by introducing Kate, its virtual analyst. For HFM, the purpose of introducing Kate is to assist traders in staying updated with significant market trends and facilitating them in making well-informed trading choices. Kate, the AI avatar created by HFM, possesses the remarkable capacity to converse… Below you may see a comparison of the most popular instruments, the typical spread based on Standard conditions, as well for your information compare fees to another broker FP Markets.
What is the minimum deposit for HFM?
They are also offered a free demo account as well as an Islamic account. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with the high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. HotForex is headquartered in London and provides its clients with unique LimeFx opportunities by providing forex and CFDs for metals, indices, energies, shares, bonds, commodities, and ETFs. Since its inception, HotForex has operated as a unified brand of HF Markets Group. It has achieved regulatory status in Europe through Cyprus via its HF Markets Europe ltd and in the UK via Financial Conduct Authority regulated HF Markets UK Limited.
- MT4 and MT5 platforms are usable via desktop computer, mobile, and web browser.
- HotForex leverage works on fixed or floating leverage, which is a great tool for small investors.
- Stock indices or indices equity is stock market indices that measure the value of a certain section of the stock market.
- Due to regional restrictions, HF Markets does not provide its services to residents of the US and a few other countries like Canada, Syria, Sudan, and North Korea.
The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. HF Markets offers client support 24/7 via live chat, email and phone calls. The excellent Autochartist sofware can scan your chosen instruments for price action and technical patterns then notify you when an opportunity is found. This saves you time from having to manually examine several charts, and patterns may be sorted based on probability. I think this is a fantastic tool which you can get through a few other brokers including LimeFx. HF Markets have a decent selection of trading guides that can help you to learn more about the markets in an easy to digest way.
HotForex’s micro account types are preferred by beginners because the minimum deposit is $50; when compared with other accounts, the minimum deposit for this account is very low. HOTFOREX is a Straight-Through-Processor that has aligned its liquidity providers to accommodate all types of traders, including scalpers and automated traders. As a result, HotForex aims to lead the way forward through the usage of cutting edge technology, innovative forex systems solutions, low cost commissions and unrivalled customer service.
You can work through them at your own pace and put what you have learned into action with a free demo trading account. HotForex charges an inactivity fee of $5 from accounts that have conducted no trading activity in the last six months. You can avoid inactivity fees by using another broker such as Axi. Although it offers a copy trading platform, social trading capabilities are not available. So in our financial review though either you wish to join copy traders or to use EAs, perform scalping or become a partner etc. there is an option for all.
Overall, HF Markets can be summarised as a trustworthy and safe regulated broker in South Africa with exceptional 24/5 educational support. The Demo account is like a trial account with dummy money which can be created for practicing one’s trading strategies. HotForex is also regulated with CMA in Kenya, this makes them a low-risk forex & CFD broker.
So, understanding the trading methods will get you a better outcome. Apart from regulations, awards are also another measure to check the safety of a broker, and HotForex received more than 45 industry awards. Additionally, they have some offshore registered zones worldwide, which makes HotForex more trustworthy. Throughout the article, we will provide all the information you need to know before starting trading with HotForex broker. HotForex offers bank transfers, debit/credit cards and electronic payment options for funding. HotForex charges an inactivity fee of $5 from the accounts that have been dormant for more than 6 months.
HotForex processes the request within 48 hours, and the time taken for wire transfers and credit cards will take 2-10 working days. HotForex holds all its accounts with major banks, and with its strength, as a broker, it helps the company to offer liquidity through some of the global banks. The MT5 platform of HotForex is designed to suit the https://limefx.biz/ traders of different levels and on any device, for the traders to execute the right trading strategy at any time. HFM warns all potential customers that Forex and CFDs trading always carries a degree of risk and may not be suitable for all investors. This is an important risk warning to keep in mind, especially for any beginner trader.
This bonus is applied to every deposit of $250 and more, which is automatically triggered and calculated. The user will receive an email limefx from HotForex, which contains a verification link. The trader needs to click the verification link to complete the registration.
Additionally, there are no fees for deposit HotForex and HotForex minimum deposit starts from $5. One of the major points before choosing a broker is to check their customer support staff. HotForex broker offers customer care in 27 languages that cover trading needs and permits customers from any country to get quality support and to trade as per their requirements. As per the HotForex review, customer service is offered through phone, live chat, faqs, and email; email support is offered in a few languages. HotForex customer service response time is quick, and it offers solutions effectively. Some of the supported languages of HotForex broker are English, Chinese, Czech, Spanish, French, German, Italian, Portuguese, Romanian, Hindi, etc.