Do you live in South Africa? Then please go to HotForex ZA (South Africa) main introduction page.
As a regulated and supervised FX broker, HotForex considers the safety of clients’ funds first and takes several actions to achieve it.
Of course, the traders’ funds will be deposited into banks accounts which are separated from HotForex’s normal operations, thus the broker won’t touch clients’ funds unless the clients request to do so.
On the official website, the broker states as below.
Client funds are received in the company’s fiduciary segregated client bank accounts. These funds are off balance sheet and cannot be used to pay back creditors in the unlikely event of default of the Company. Therefore Company Funds are segregated from Client Funds.
Furthermore, HotForex is a member of ICF(Investor Compensation Fund) that secures the claims of the covered clients against investment firms up to 20,000 EUR. (June 2017)
For more information about the company’s operation, please contact HotForex directly.