HotForex can be explained as an ECN broker providing competitive trading options and varieties of currency pairs. When I read Hotforex review on several sites and see promotion about Hotforex bonus I deceide to deposit money and to start trading.when I deceide to add little more money to account I got bonus again (50% bonus).That added bonus traders can not withdraw (they must wager because forex broker earns money using spreads and fees).So here is review :
Although it provides the ordinary Meta Trader 4 trade platform, the thing that attracts people towards it is the different currencies and its site which is obtainable in 10 unusual languages. HotForex was founded in 2010 and has headquarters in Mauritius. The company offers its services in different languages like Arabic, Russian, English, Farsi, Indonesian, Japanese and Thai.
Trading platform: HotForex provides an average MT4 trading platform. A trader can easily download this platform. The MT4 platform of broker is also accessible in smartphone versions and PDA meant for the traders who love trading. People who prefer a trading platform based on the browser should use the Hot Web trader.
Features: Unlike the other broker sites which displays learning centers or trading equipments, the website of HotForex mainly focuses on the trading conditions of the company and its rollover policies. Among all the tools the one that we appreciated during the review were the pip calculator, Fibonacci calculator and the Pivot calculator. None of these are exclusive, but all of them are useful to advanced and intermediate Forex traders. The free entry to the TradeSignals.com and the choice to select between 50% withdrawal balance and rescue bonus seemed to be really helpful.
HF copy :
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Customer Support: As far as customer support is concerned, the team at HotForex is both available and transparent. HotForex offers international numbers in 10 languages. Queries through email can be forwarded to 6 virtual destinations, ensuring that they reach the correct desk. They also have a fair time for response. The company also has a chat facility available 24 hours and you can read more about support in hotforex Review.
Ease of Use: The registration process for HotForex was easier compared to the other Forex trading brokers. The reason behind this is HotForex offers a chance to the traders to select an account type in the page where registration process is carried on. One can also compare all account alternatives on the page prior to taking a final decision. For finalizing the opening of the live account one needs to submit the identification documents. The two identification proofs needed for opening a live account are national ID like driver’s license, ID issued by the government and passport. The other thing needed for opening the account is a confirmation about the address. It can be anything like a bank statement or any bill. One thing that we found a bit unusual was even if the website of the company is presented in 10 languages; deposits can be made only in USD and EUR.
In the same manner, HotForex also accepts seven funding alternatives that include wire transfer, Webmoney, Neteller, PerfectMoney, AlertPay, China UnionPay and credit card but we found MoneyBookers and PayPal to be the most accepted options that were not present in the listings.
Final Thoughts: the company caters its services to both advanced as well as new traders. Throughout the review we felt that the traders might find it helpful, due to their interesting money pairs and accessibility of the MT4 trading platform. If you are among those who are searching an ECN trading broker with a fast implementation, competitive trading situations and interesting currency pairs, HotForex is the perfect broker for you.
