Hotforex offers its clients a host of options to involve themselves in the forex trading. In binary trading, a trader buys a call if he believes the market is rising and a put in the reverse situation. The Binary trading in HotForex is handled by a separate subsidiary called Option Trade.com that is only a click away from the HotForex website.
A trader can start trading in Hotforex with three accounts. Rather than standardizing and fixing the minimum deposits, Hotforex has put an open different range of deposits to the customers.
The platform also allows scalping currency trading. There is also an automated trading platform available under Hotforex that the traders can own and are operated by the Expert Advisors.
There is also a fourth variant known as Currenex account that starts with a minimum deposit of $500. Islamic Trading account is an account where the traders can swap free trading accounts for trades that last for not more than 7 days. The minimum opening balance for such accounts is $150.
CFD trading which involves speculating the rise or fall of the prices of shares, commodities, treasuries, oils, currencies and betting on it rather than selling or buying of the assets is also available.
Hotforex is an established platform in the forex trading industry. The firm is registered as Hotforex Markets Ltd and started its journey in the year 2008.
Hotforex offers very tight broker spreads. The spreads available for various currencies are as follows:
Hotforex is a reliable and highly secure platform that has links with some prestigious banks. The traders can relax and sit as their money is well-handled. They are extensive and covers wide range of subjects on foreign exchange markets, leverage and other trading strategies to trade currencies.
Tools & Training.
The platform is one of the best in the industry. The new additions are directed towards addressing the shortcomings that the traders find in the existing platform. If you are not satisfied with your present trading environment Hotforex is a worth a shot.
The MT4 multi terminal is one such platform where the traders can handle multiple trading accounts. The other options available are iPhone trader, iPad trader, droid trader, trader, MT4 for Smartphone that comes under the mobile based applications.
EURUSD: 1.6 pip
USDCHF: 1.9 pips.
USDJPY: 1.7 pips.
Hot Forex offers the following when it comes to educational materials:.
The platform, however, suffers from the limitations faced by any other online trading platform. These traders, therefore, find their software irreplaceable with an online platform where the options are restricted.
Calculator for calculating the pip value.
A trader can start trading in Hotforex with three accounts. Islamic Trading account is an account where the traders can swap free trading accounts for trades that last for not more than 7 days. There is also an automated trading platform available under Hotforex that the traders can own and are operated by the Expert Advisors. The MT4 multi terminal is one such platform where the traders can handle multiple trading accounts. The other options available are iPhone trader, iPad trader, droid trader, trader, MT4 for Smartphone that comes under the mobile based applications.
Hotforex deals with a vast variety of assets that include energies and metals, indices, shares, and commodities.The entire spectrum covers nearly 200 assets over a choice of 20 different markets. Lately, it has also started dealing with crypto currency that refers to the dealing in terms of bitcoins.
Platforms to use.
The wide range of features available has made the platform gain popularity in the world of the Forex trading. It has also made its presence felt by bagging 14 prestigious industry awards over the past seven years. It always comes up with exciting offers and awards that lure the customers to invest in their website.
Cons & pros.
The new social trading feature helps the customers to connect with other traders and look up their actions. The experienced traders find it a relaxing deviation from the other mundane platforms.The traders can select any one from among the plethora of these platforms that best suit their requirements.
The deposit and withdrawal of the money can be done through a host of options that includes payments through wired transactions, credit card, liberty reserve, perfect money, web money, skrill Moneybookers and netteller. The transactions are processed within a day reducing the hassle for the traders.