Do you live in South Africa? Then please go to HotForex ZA (South Africa) main introduction page.
HotForex is like a pioneer of Forex brokers in Europe. Its unique and smart style of business is often learned by other new Forex brokers.
HotForex offers leverage up to 1:1000, which is twice more higher than the other Forex brokers’ standard leverage.
But, it isn’t just one advantage which HotForex has, but they also offer trading services with very low trading cost.
The below GIF shows the actual spread displayed in HotForex’s VIP account type.
The trading commission for the trading account type is only $6 per 1 standard lot (round turn).
So the actual spread considering the extra trading commission is only 0.7 pips. It is quite tight comparing to any other Forex brokers in the world.
For your information, the standard spread cost(including extra commissions) offered by standard Forex brokers is around 1.0 – 1.2 pips. If you may compare them with HotForex, you can save about $5 for every 1 lot trade you make.
That can be a really big amount if you keep trading every day.
Why Traders choose HotForex?
Over 350,000 live accounts opened in only 6 years, there are many reasons why traders choose HotForex.
Let us introduce you some of them below.
Accreditation in 6 years
HotForex has earned 20 official industry awards from many worldly known institutions all over the world. With over 140 employees globally, HotForex is being recognized by many areas but not just in Europe.
As already mentioned above, the leverage is a very important trading tool for Forex traders. With the leverage 1:1000, you can increase your trading opportunity 1,000 times more.
The “risk” of high leverage comes along of course, but still it is a very good condition with HotForex’s NBP(Negative Balance Protection).
NDD Trading Environment
HotForex strives to offer NDD(Non-Dealing Desk) trading environment for all account types. This means that there is no “conflict of interest” between traders and HotForex, and HotForex is happy for its traders to make profits as much as they can.
HotForex won’t act against you or other traders while investing.
Are you interested in their service? Check out more information in the below page.