Question: How much do I need to start trading FX on HotForex MT4 (MetaTrader4)?
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The required minimum deposit amount for HotForex MT4 varies for each account type.
HotForex’s Micro Account requires only 5 USD to start trading FX.
The micro account is suitable for traders who prefer to trade with smaller trading volume less than 5 standard lots.
In fact, you are not allowed to trade more than 5 standard lots per position in the Micro Account.
For more information of Micro account, please refer to the page here.
If you like to trade in the account with the lowest trading cost, then you ma want to choose the VIP account of HotForex.
VIP account is available from 20,000 USD of deposit.
If you can afford to deposit over 20,000 USD, then you can benefit from STP execution model and only 0.2 pips of spread with $6 per 1 standard lot of trading commission.
Know the Stop Out/Liquidation Level
Before start trading with HotForex, you must know that the Stop Out level of your trading account.
If your account’s margin level reaches to the Stop Out level, then all existing open positions will be closed immediately.
This action is called “Liquidation”.
The Stop out level is 10% for the Micro account, and 20% for other accounts.
Lower the account balance, more vulnerable to the market volatility.
It may be a smart action to fund your trading account well, to prepare for unexpected market volatility.
For more information about the required margin and stop out, contact support team from HotForex Official Website.
