Do you live in South Africa? Then please go to HotForex ZA (South Africa) main introduction page.
- HotForex’s New Awards for Africa 2020
- HotForex’s Financial License and Reliability
- Which HotForex’s Account Type is the Best?
- HotForex’s Gorgeous Bonus Promotions
- Trade more than 150 stocks with HotForex
HotForex’s New Awards for Africa 2020
HotForex awarded for Client Fund Security and Best Trading Experience.
HotForex is thrilled to announce they have received two prestigious titles from International Business Magazine, the “Best Trading Experience Africa 2020” and the “Best Client Fund Security Africa 2020”, in recognition of the quality of the trading experience and the high levels of fund security provided to HotForex’s clients across Africa.
HotForex CEO commented:
“We are all very pleased and honored for this great achievement. It is an affirmation that we always put our clients at the core of our business. We welcome these awards and continue to work hard towards meeting the demands of our clients.”
HotForex has a relatively long track record of operating for more than 10 years and is one of the largest FX companies.
HotForex supports a total of 27 languages, and of course, there is also a website for each language.
There is also 24-hour support, so you can receive very polite and fulfilling support at anytime.
Is it safe to trade with HotForex?
In order to actually make a transaction in the Forex account, you will need to temporarily deposit your own assets.
Therefore, it can be said that it is very important to know what the asset management of the Forex companies you trade with, and whether it is safe in case of emergency.
At HotForex, customer funds are entrusted to a segregated account rather than their own account, thus management funds and customer funds are completely segregated.
Therefore, in the unlikely event that HotForex goes bankrupt, customer funds will not be used for the operation but will be returned.
In addition, a compensation guarantee system with a maximum of 5 million euros has been introduced, which is one of the best compensation in the industry to cover all financial losses.
From these things, it can be said that HotForex has thorough asset management, and it can be judged that it is a Forex broker that’s service can be used with confidence.
The negative balance protection policy is also thoroughly enforced, so even if your account balance becomes negative, HotForex will fix the negative amount to zero.
HotForex’s Financial License and Reliability
HotForex owns a total of three financial licenses, including:
- Cyprus Securities and Exchange Commission
- St. Vincent Granardin Financial Services Agency
- South Africa Financial Services Board
Cyprus is one of the most rigorous licenses, although each is a well-known committee that controls finance industries.
Being recognized by CySEC means that it is a safe and reliable company.
In addition, two licenses other than Cyprus are also leading financial services agencies and committees, and HotForex can be said to be a globally recognized Forex broker.
In 2013, HotForex has won the World Finance Top100 Global Company (and more than 20 financial awards) alongside giant global companies such as Apple and Google.
This is evidence of its high reliability, including its energetic sponsorship activities.
Which HotForex’s Account Type is the Best?
HotForex has 5 account types, and the features of each are different.
You can find HotForex’s available trading account types for your region in HotForex Official Website.
The most standard account is the premium account.
There are no restrictions on bonuses, and the leverage is up to 1000 times, making it an account type where you can fully enjoy the advantage of Forex.
On the other hand, the micro account can start with a minimum deposit of $5, a small amount of money, so it is the best account for Forex beginners and those who want to try HotForex for the first time.
However, please note that you cannot choose the most popular 100% supercharged bonus among the bonuses.
The ZERO account is an ECN account with a fairly narrow spread (an account that charges a fee for each transaction by providing a narrow spread).
For Zero account type, there are no bonuses, but due to its low transaction costs, it is the best account for scalping traders.
If you want to trade automatically instead of discretionary trading, you may choose this account.
HotForex’s Gorgeous Bonus Promotions
One of the great attractions of Forex is the bonus system, and HotForex mainly offers the following 3 selectable bonuses.
- 100% bonus on first deposit;
- 30% bonus for every deposit;
- 100% credit bonus.
The features of each bonus are summarized in the page here.
The most recommended bonus is a 100% supercharged bonus.
You can get 100% of your initial deposit as a deposit bonus, up to $50,000.
There is also cashback for each transaction, and this cashback amount can be withdrawn unlike other bonuses.
However, the recommended account is a premium account and requires a deposit of $250 or more.
You can get a 100% credit bonus with a micro account, but the maximum amount is limited and you will not get cashback with the promotion.
It is rare that you can withdraw the bonus amount, but certain conditions are strict (50 lots are required to withdraw $100)
The 30% rescue bonus means that 30% of the deposit amount will be given as a bonus not only when making the first deposit but also when making an additional deposit.
With a cap of $7,000, the amount is smaller comparing to other bonuses above, but it’s a good bonus for those who make small deposits.
You will have to choose one of these bonuses when choosing your account. Depending on the account, the available bonus for your account may differ.
Also note that if you withdraw the same amount as the bonus, or if your account balance becomes 0, the bonus will disappear.
Trade more than 150 stocks with HotForex
One of the great advantages of HotForex is the abundance of symbols (markets) it handles.
In addition to 50 types of FX currency pairs, there are many CFDs such as rare metals (gold, silver, etc.), crude oil, natural gas, stocks of major companies (IBM, Amazon, etc.), index stocks, virtual currencies, etc.
All of these can be traded with high leverage and small margin, and CFDs for commodities such as cocoa and wheat which are known for high volatility, and Energy CFDs such as crude oil and natural gas are also available.
The essence of making a profit by raising or falling prices remains the same for all symbols.
It can be said that the abundance of markets is a merit in terms of expanding the range of trading.
HotForex is also nominated as the Best Client Services Global and Most Transparent Broker.