How to open a HotForex MT4 or MT5 account and trade FX?

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How to open Live and Demo HotForex trading account?
Open Islamic Swap Free Account
How to make a deposit to HotForex Live account?
What is HotForex?
HotForex MT4 and MT5 platforms
Why choose HotForex as your broker?
For Beginners – How to trade Forex?
Free FX Education by HotForex
Start with Demo (Virtual) account of HotForex MT4 and MT5
FAQs about HotForex’s Demo trading account

How to open Live and Demo HotForex trading account?

To open a Demo account click here. The demo account allows you to trade risk free by providing you with access to HotForex’s MT4 Trading Platform, and unlimited demo funds.

To open a Live account click here. The live account allows you to open an account with real money to start trading straight away.

You simply choose the account type that best suits you, complete the online registration, submit your documents and you are set to go.

We advise you to read the risk disclosure, customer agreement and terms of business before you start trading.

In both cases a myHotForex area will be open. MyHotForex area is your client area from where you can manage your demo accounts, your live accounts and your finances.

Go to HotForex Account Opening Page

Open Islamic Swap Free Account

HotForex offers Islamic Forex Accounts or Swap free accounts.

Islamic Forex Accounts or No Riba Accounts are meant to accommodate HotForex’s Muslim clients base.

They are based on Islamic clients’ religious beliefs which basically state that people should give and not expect anything in return and as such they do not pay or receive interest within the Economic industry.

Should you become interested in opening an Islamic Forex trading account, or switching your current account to one, you may contact HotForex Support Team.

HotForex support team will come back to you and may change the account type to Swap-Free.

Contact HotForex Support Team

How to make a deposit to HotForex Live account?

To start trading with HotForex, all it takes is a deposit of as low as $100 to get you started in the forex trading business.

Keep in mind that you can also get bonus on your first deposit, so make the most of this fabulous opportunity to get some extra trading balance.

HotForex gives you the option of funding your account through a variety of methods, so you’re sure to find one that suits you.

You can fund your account by credit card (Visa, Mastercard. Diners), wire transfer, PayPal, Neteller and many other methods.

Your money is perfectly safe with HotForex, as they use the latest SSL encryption technology to ensure that HotForex’s traders’ funds are untouchable.

If you are depositing with a credit card, PayPal, or Neteller your account is funded immediately.

With payment methods such as wire transfer, Western Union, or MoneyGram, your account is funded the moment the processor in question approves the transfer.

HotForex assumes that every trader that registers at HotForex is trading for the first time. That is why HotForex has made the platform entirely intuitive, so you can concentrate on trading alone, without having to work out the mechanics. For first timers, HotForex recommends registering for Practice Trading first and to get the hang of the platform before going on to Real Trading.

What is HotForex?

HotForex is an online financial trading platform that offers currencies, commodities, indices and CFD trading.

HotForex’s unique offering starts with the innovative platform which brings you financial trading like you’ve never seen it before.

For novices, HotForex offers stimulating visualizations that make trading more easily understandable.

HotForex’s great success however is coupling simplicity with all the trading tools a professional trader may require, so that whatever your experience in the field, you’ll find the platform user friendly.

And if you add the lowest spreads online, a low deposit minimum of $100 and excellent customer support to the mix, you get a financial trading provider that can’t be beat.

Visit HotForex Official Website

HotForex MT4 and MT5 platforms

HotForex MT4 and MT5 platforms are among the Most Powerful, Simplest to Use Online Forex Trading Platforms Available.

At your fingertips you will have full control over HotForex’s Advanced Market Analysis Instruments, Charting Tools and Trading System Controls.

HotForex’s technological expertise has enabled them to produce one of the most stable, reliable and fast online currency-trading platforms available.

HotForex MT4 and MT5 features are designed to maximize the trader’s online Forex trading experience and give the trader more control and flexibility so you can focus more on trading and less on stress management.

Open HotForex MT4 and MT5 Account

1. Fast Response Time

Even the slightest delay in executing a trade could mean a result in substantial losses.

HotForex MT4 and MT5 Trading Platforms have been engineered to utilize multiple highly stable programming languages that enhance the speed of trade execution so your contracts are processed in a rapid fashion under normal market conditions.

While monitoring fluctuations in currency prices, traders depend greatly on accurate quote information.

HotForex MT4 and MT5 Trading Platforms deliver real-time currency price feed through almost seamless connectivity to the global FX marketplace.

2. Stability

Unlike Java based platforms that are prone to instability and freeze up, HotForex believes that the MT4 and MT5 Trading Platforms are two of the most stable and reliable trading platforms available.

HotForex’s engineers have successfully found a way to create a more robust and feature rich trading terminal that delivers multiple graphs and charting functions simultaneously all with minimum data streaming.

Reduced data volume means reduced bandwidth requirements and less information for the trader’s computer and data link to process.

As a result the trader will experience consistent data transmission.

Trading with confidence means knowing that at the most critical moment your trade will be executed without system delays.

3. Flexibility

HotForex MT4 and MT5 Trading Platform give the trader the freedom to execute trades from multiple areas including the Quote Window, Trade Window, Full Screen Window, Toolbar and more.

This means that when the currency the trader is tracking hits a determined target price to either buy or sell the trader has the ability to execute the trade rapidly from any of the “trade executable enabled” windows without being delayed from having to click back to the primary trade window.

Trading in the Quote Window gives traders superior command of the trade terminal and creates opportunities when trade setups require rapid trade execution.

4. Mobility

Investors from all over the world know it is unnerving to be disconnected from the markets.\

As we all know, the financial markets do not take breaks, and price movements are constant.

For the last decade or so, traders had little choice but to take their eyes off the screen when leaving their homes.

In order to “stay-in-the-game” 24 hours a day and enjoy an extra edge over their fellow investors, many traders now turn to the HotForex’s mobile apps for MT4 and MT5.

Open HotForex Account and Access to MT4 and MT5

Why choose HotForex as your broker?

With HotForex, you pay no commissions to trade Forex.

Your only transaction cost is the dealing spread, so what is the spread?

Spread is the difference between the bid and the ask price.

HotForex’s spreads are calculated from the spreads in the underlying market available to them, HotForex offers clients the tightest spreads possible, and they are the same for all of HotForex’s clients.

As a client of HotForex, you will have everything you need, for this reason they offer a variety of options like Hedging, up to 1:1000 leverage and no restrictions on your trading style.

Feel free to open a Demo account with no compromise and start experiencing the HotForex’s advantage.

Visit HotForex Official Website

For Beginners – How to trade Forex?

If you are new to the market, we highly recommend opening a Demo trading account, prior to opening a real account and trading.

Unlike other markets, there is always an opportunity for return in the Forex market, regardless of economic conditions or volatility.

To begin, we must first delve into how pricing is structured in the Forex market.

Understanding how pricing works and why it moves is fundamental to trading this market.

Signup for HotForex to access full Education Center

1. Pricing of Forex and CFD markets

As currencies cannot be valued in themselves (it is redundant to say that 1 US dollar is worth 1 US dollar), they are valued against each other.

This is why currencies are always traded in pairs.

The first currency listed in a pair, for example – the Euro in EURUSD – is called the base currency.

The 2nd pair is referred to as the counter currency or quote currency.

Whenever you place a trade, the amount of profit or loss generated from that trade will be denominated in the counter currency.

For example, trading the EURUSD, you profits or losses will always be in USD. For the USDCHF, all profit or loss will be in Swiss Francs.

Each transaction entails the simultaneous buying of 1 currency and the selling of another.

While this may sound complex, it isn’t.

If traveling and you exchange your dollars for the local currency – you are in essence selling your dollars to purchase X amount of the local currency, usually at a rate set by the seller.

Now that we understand that a transaction consists of the simultaneous buying of one currency while selling another, we can explore how pricing is structured.

For every currency pair, you will see two figures quotations – the Bid and the Ask.

The Bid for a currency pair is the rate at which you can sell the base currency while purchasing the counter currency.

The Ask is the rate at which you can purchase the base currency while selling the counter currency.

The Spread – is the difference between the Bid and Ask prices.

The smallest increment in which a currency trades is referred to as a pip, short for a percentage-in-point.

With fractional pip pricing, this just means that an added decimal place is added due to significant liquidity.

2. Utilizing Leverage

Unlike other financial markets, retail Forex trading must be accompanied by a significant amount of leverage.

The necessity of leverage is due to the tiny increments in which currencies fluctuate.

Since chances in pricing can occur in the 1/100 of a cent or centime, it is logical to trade in large amounts in order to be worthy of your time.

Depending on your type of trading account, HotForex will offer you between 1:1 – 1000:1 leverage.

With 100:1 leverage, you will be able to trade in sizes 100x that of your deposit.

For example, if you deposit 10k USD, you will able to take a maximum position equal to 1m USD.

To be clear, with a 10k USD deposit and 100:1 leverage, you will not be able to take a full position of 1m because your margin will not be sufficient to cover the spread.

For traders looking to deal in trading volumes larger than X, please consult your margin schedule for large transaction tickets.

Trading with leverage does involve significant risk of loss as the mechanism that magnifies your profits with also augment your losses.

For this reason, we highly recommending you do not trade with capital you cannot afford to lose and that your familiarize yourself with the market and HotForex’s trading systems with a demo trading account.

3. Understanding Market Information

Professional forex traders must take into account both technical and fundamental indicators to produce consistent, risk-adjusted returns.

At HotForex, individual traders, fund managers and even banks speculate in the Forex market using HotForex’s trading technology.

For those entertaining the idea of entering into the forex market for the first time, again, HotForex recommends opening a practice trading account.

A practice account is valid for 90 days and grants a user full access to live pricing, charts and data – all with the ability to trade virtual money.

On some account types, HotForex does not charge commissions but is compensated through the Bid/Ask spread.

Unlike other FX brokerage houses or banks, the spread on your practice account matches the conditions based on your virtual deposit.

Whether you plan to invest $2000 or $200,000, the practice account will give you an accurate representation of the spreads that will be available to you when you open a live account.

4. Fundamental Analysis

Fundamental analysis attempts to forecast market movements by studying the fundamental core elements that influence asset values.

By using economic data, central bank policy and macro trends – speculators attempt to predict the overall direction of prices.

Unlike technical analysis, fundamental analysis focuses on the information that can move markets and not the market itself.

Key fundamental events include but are not limited to: Non Farm Payrolls, Central Bank Decisions, Consumer Price Index (CPI), Producer Price Index (PPI), Durable Goods, Retail Sales and GDP figures.

While fundamental analysis can forecast economic conditions and market directions, it does not greatly assist traders when determining specific entry and exit points.

At this point, many traders rely on technical analysis to ascertain if their assumptions are well-founded and suggest a market entry price.

5. Technical Analysis

Technical Analysis is the analysis of the market itself and not the information underlying price movements.

Price forecasts are based on past market data and pattern recognition.

Technical traders believe fundamental information is reflected in price data and that history repeats itself, regularly.

Even the most adamant fundamental trader will look at the chart to gauge past price movements, trends and volatility.

Technical indicators include but are not limited to: Support and Resistance Levels, Moving Averages, Bollinger Bands, Momentum, Stochastics, Relative Strength Indexes and Fibonacci Retracements.

While both fundamental and technical analyses are valuable in their own regard – the proper application of the two together confers more wisdom than the sum of its parts.

Fundamental analysis focuses on the future inherent value of an asset based on economic data while technical analysis is concerned with the market itself.

As any marketplace is comprised of both, one should look at the market as a whole, assets and speculators.

6. Forex Trading Example

You believe the Swiss Franc is overvalued against to the US dollar. As the currency pair is structured USDCHF, you decide to go long USDCHF by buying 2 standard lots at 1.0100/1.0102. By placing this trade, you simultaneously bought US Dollars and sold Swiss Francs.

If you are correct in your assumption, a depreciation in the value of the Franc against the dollar will be profitable because you now hold US Dollars (the base currency) against the Swiss Franc (the counter currency).

With 2 standard lots – you purchased 200,000 USD. With 100:1 leverage, the margin deposit on this position is 2,000 USD or equivalent. With 500:1 leverage, your margin deposit is 400 USD or equivalent.

Because you bought the base currency, your transaction was executed at the Ask price of 1.0102. Immediately after placing the trade, you will have a small, unrealized loss due to the spread. With no price movement, you will be down 2 pips because the price to buy the base currency, 1.0102, exceeded the price to sell of 1.0100.

The same trading day and as you anticipated, the Franc loses value against the US dollar. The Bid/Ask is now 1.0180/1.0182.

You close your position at 1.0180, offset at the bid rate, because you are now selling the base currency and buying the counter currency to zero out your position.

Remember every transaction is the concurrent buying of one currency against another.

You bought $200,000 when the USDCHF was trading at 1.0100/1.0102 and sold it at 1.0180/1.0182. Buying at the ask price of 1.0102 and selling at the bid of 1.0180 has netted a 78 pip profit.

Recall that the value of a pip is determined by multiplying the pip value against the trade size and that pips are always measured in the counter currency.

$200,000 (trade size) x 0.01 (pip value) = 20 CHF

78 (pips) x 20 CHF = 1560 CHF profit

If your trading account was funded and based in US dollars, your profit of 1560 CHF would be credited to your account as $1532.12 (1560 CHF ÷ 1.0182 CHF/USD).

*Remember leverage can work equally for you as it can against you. Had you held the opposite assumption and sold into the market at 1.0100/1.0102 and bought out at 1.0180/1.0182, your trade would have accrued a loss of 82 pips or 1640 CHF.

The difference between the hypothetical profit and hypothetical loss is due to the 2 pip spread. The market shifted 80 pips – correctly positioned, your return was 80 pips (movement) minus 2 pips (spread) for a 78 pip profit.

Incorrectly positioned, your loss was 80 pips (movement) plus 2 pips (spread) = 82 pip loss.

Realized profit or loss will be automatically converted to the currency your trading account is denominated in.

A Euro-based account will be credited/debited Euros, a USD account in US dollars, etc. HotForex offers accounts denominated in all major currencies.

Go to HotForex Official Website

Free FX Education by HotForex

By signing up for free with HotForex, you will have access to their full educational materials available in HotForex Official Website.

Are you a new trader of Forex market?

Don’t worry, HotForex has got you covered with the completed series of tools, options and education.

1. Introduction To Forex

If you’re new to Forex or you wish to brush up on calculations, this is your starting point.

Learn about the players, and the way the market works, learn how to calculate your profits or losses.

Get answers to questions like what are swaps and how do you calculate them?

Learn about the rules of the game, what limits are and so on.

This is the “ABC” of forex trading.

2. Advantages to Forex

Why should I trade forex as opposed to any other financial market?

Get the answer to this question and others like why the forex market is the world’s largest financial market?

Get a specific list of the advantages of trading in forex and more importantly the advantages of trading forex with HotForex.

3. Guide to Trading

OK, so you understand how the forex market works, what’s the next step?

Get the tips that every trader should have; the do’s and don’ts of trading in the forex market.

Guide to Trading is a list of the basic rules of how to turn losses to profits, how to manage your money wisely and how to stay out of trouble.

Get the basics to the commandments of trading right.

4. Technical Analysis

Technical analysis is the art of using past history to determine future events.

Charting tools and technical indicators give traders that much needed edge in their trading journey.

Those new to the game learn the meaning of technical analysis and how to use different indicators.

Traders build on these basics to become skilled at using the tools of the trade and how to apply them in the market to improve their trading performance.

5. Technical Trading Guide

Once you understand the meaning and the basics in technical analysis, the next step is to learn how to actually use the tools that are given.

At HotForex you will be able to enjoy the excellent technical charting and indicators available on HotForex’s platforms.

This is where you can learn the basics on how to actually put them to the test.

6. Fundamental Analysis

There are a myriad of economic and financial releases every day from around the globe.

Learn the basics on what they mean, their importance and how they can affect the market.

The more you are familiar with the releases the better your understanding and performance in the market.

7. Glossary

Come across a term you don’t understand?

HotForex’s complete Glossary of Forex terms is presented in an easy-to-understand and accessible setting.

HotForex uses layman’s terms to help you absorb and apply terms with easy fluency.

8. FAQ

Have a question about Forex?

Then you’ve come to the right place.

HotForex thought about some common questions traders have.

HotForex then segregated them into sections, ranging from technical questions to trading questions and from limits to deposits and much more.

If you have a question you need answered then you will more than likely find the answer here.

Visit HotForex Official Website

Start with Demo (Virtual) account of HotForex MT4 and MT5

IF you feel not ready to invest in the Forex market, then you can also choose to open a Demo account.

The demo account of HotForex uses virtual money and lets you experience the trading platforms without risking your own funds.

Demo trading on demo accounts provide a safe learning environment before moving to live trading.

HotForex wants traders to feel comfortable trading in a demo practice account before placing real money in a live account.

Open HotForex Demo Account

FAQs about HotForex’s Demo trading account

1. How long can I use the demo account of HotForex?

A demo trading account will be active for 90 days, beginning on the day of sign-up.

On the 90th day, your account will become inactive.

If you feel that you require additional demo time before opening a live account, you may register for more than one demo account.

2. Do HotForex’s demo accounts involve real money?

No. There is no real money at risk.

The demo account involves only virtual play money with a pre-selected deposit amount determined at sign-up.

The demo account is provided so that you may practice trade analysis and execution skills before opening an account with real money.

As in any trading environment, the results that you experience in a demo account may be different from those in a live trading account.

3. What is difference of Demo and Live accounts?

A HotForex’s demo account provides traders with the opportunity to familiarize themselves with the trading platform functionality.

While the pricing and spreads experienced on the demo account may be similar to that of a live account, the demo account is not a mirror image of what you will see on a live account.

The demo account pricing and spreads are only intended to give traders a good idea how a live account would function.

4. How to open a Demo account from the MetaTrader directly?

Once the platform is downloaded, simply go to:

“File” then click “Open an Account” (note the “Open an Account” screen may appear automatically when logging in).
Fill in the information required and click on the box “I agree to subscribe to your newsletters”.
Be sure to select the desired “Deposit” amount.
Click “Next” two times.
After clicking “Next” the second time, login and password are provided. You may want to write down this information for your records.
The information, however, is not required.
After clicking “Finish”, the system will automatically log you into the new demo account to begin trading.
On the top left corner of MetaTrader, your demo account number will be displayed.