HotForex - What's now?
After 12 years of rapid growth and becoming a truly global broker of choice with over 3.5 million live accounts opened, on May 2, 2022, HFM is entering a new era with a new name, HFM. Go to the page here to find out more about the new brand.
Do you live in South Africa? Then please go to HotForex ZA (South Africa) main introduction page.
- How to open HotForex’s Swap Free Account?
- Condition of HotForex Islamic Swap Free Account
- Comparison of HotForex’s Islamic Swap-Free Account Types
How to open HotForex’s Swap Free Account?
HotForex does offer an Islamic swap-free MT4 account to traders who follow the Muslim faith.
There are 5 account types that can be changed the Islamic swap-free status after account opening, which are:
Zero account, HF Social(FXStat) account and Auto account cannot be changed to Islamic swap-free status.
In order to open an Islamic swap-free account, you may contact HotForex support team after opening an account and before making a deposit.
Any other trading conditions will be the same as the account type you have chosen.
Condition of HotForex Islamic Swap Free Account
HotForex’s Islamic Swap-Free Account has different trading conditions depending on the account type you choose.
Before getting into more details of the trading condition of HotForex’s Islamic Swap-Free Account, let’s see the main trading conditions in the table below.
|Trading Platform||MetaTrader 4, Webtrader, Mobile Trading|
|Spreads||From 1 pip|
|Trading Instruments||All Available|
|Account Currency||USD, EUR|
HotForex’s Islamic Swap-Free Account is available only for clients of the Muslim faith.
Are you a trader with the Muslim faith?
Go to HotForex Official Website and open a live trading account, then request for your Islamic Swap-Free Account today.
Comparison of HotForex’s Islamic Swap-Free Account Types
For HotForex’s Islamic Swap-Free Account, you can choose from the following 4 account types.
- Micro Account
- Premium Account
- Zero Spread Account
- Auto Account
Please see the table below for the comparison of trading conditions of HotForex’s Islamic Swap-Free Account types.
|Islamic Swap-Free Account types||Micro (Swap Free)||Premium (Swap Free)||Zero Spread (Swap Free)||Auto (Swap Free)|
|Spread Type||Variable (Floating)||Variable (Floating)||Variable (Floating)||Variable (Floating)|
|Minimum Spread||From 1.0 pip||From 1.0 pip||From 0.0 pips||From 1.0 pip|
|Available Financial Markets||All Markets||All Markets||All Markets||All Markets|
|Required Minimum Deposit||$5||$100||$200||$200|
|Minimum Trading Volume||0.01 lots||0.01 lots||0.01 lots||0.01 lots|
|Maximum Trading Volume||7 lots||60 lots||60 lots||60 lots|
|Lot Volume||100,000 units||100,000 units||1,000 units||100,000 units|
|Eecution Type||Market Execution||Market Execution||Market Execution||Market Execution|
|Maximum Simultaneous Orders||150||300||500||300|
|Margin Call Level||40%||50%||50%||50%|
|Stop Out Level||10%||20%||20%||20%|
|Account Base Currencies||USD, EUR||USD, EUR||USD, EUR||USD, EUR|
|Trading Commission||None||None||From $6 per lot||None|
With HotForex, you can open multiple trading accounts and manage them all under your client login.
You can’t decide which HotForex’s Islamic Swap-Free Account type to choose?
Open multiple trading accounts and try different account types to find out more.
1. HotForex Islamic Swap-Free Micro Account
HotForex’s Islamic Swap-Free Micro account is for traders who just want to try out HotForex’s trading service or invest a small amount of fund.
With HotForex’s Islamic Swap-Free Micro account, you can start trading Forex and CFDs from only 5 USD or EUR of the minimum deposit amount.
HotForex’s Islamic Swap-Free Micro account is the only Islamic swap-free account which you can trade with 1:1000 high leverage.
With the high leverage, you can place a large volume of orders with a small amount of margin.
Open HotForex’s Micro account today and request for the Islamic Swap-Free status.
2. HotForex Islamic Swap-Free Premium Account
HotForex’s Islamic Swap-Free Premium account allows you to trade more simultaneously thus providing you with more trading opportunities.
With HotForex’s Islamic Swap-Free Premium account, you can place an order of up to 60 standard lots which is a very large volume even in the Forex market.
You can also manage up to 300 orders simultaneously on HotForex’s Islamic Swap-Free Premium account, thus it is also suited for traders with EAs (Expert Advisers) or scalping trade strategy.
HotForex’s Islamic Swap-Free Premium account also requires only a small amount of minimum deposit amount which is only $100.
Open HotForex’s Premium account and request for Islamic Swap-Free status today.
3. HotForex Islamic Swap-Free Zero Spread Account
HotForex’s Islamic Swap-Free Zero Spread account provides you with HotForex’s raw spread from 0.0 pips.
On major currency pairs, you can trade with 0.0 pips spread which is the zero cost.
Note that instead of the spread cost, you need to pay extra trading commission for the trading on HotForex’s Islamic Swap-Free Zero Spread account.
The trading commission starts from $6 per round turn lot, and it varies depending on the currency pair you trade.
Does your EAs or trading strategies require the spreads to be zero?
Open HotForex’s Zero Spread account and request for the Islamic Swap-Free status today.
4. HotForex Islamic Swap-Free Auto Account
HotForex’s Islamic Swap-Free Auto account is created for traders who want to receive trading signals and custom indicators directly on HotForex MT4 trading platforms through MQL5 community.
After opening HotForex’s Islamic Swap-Free Auto account, the tab of MQL5 community is already built-in the MT4 platform and you can directly manage trading signals and indicators, and apply them on your account in real-time.
With flexible volume setting and trading cost, you can efficiently receive signals and indicators from MQL5 community with HotForex’s Islamic Swap-Free Auto account.
Open HotForex’s Auto account and request for the Islamic Swap-Free status today.