HotForex: broker review. Is it safe to work on this site?

Nowadays it is very important to study the markets for their versatility, convenience, reliability and safety. In this article, we will consider the financial assistant HotForex as a partner platform for profitable investment in various assets. Is it really such a platform?

Web resource design

HotForex Markets Group is represented by the parent company of our protagonist. A trader will not see unnecessary information on its site – everything is designed quite laconically. The software here is of the highest level. The resource is available on 4 platforms (Meta Trader 4, 5, an application for mobile devices has been created). The telephone interface works perfectly, it simplifies and speeds up the work for clients. The design is unique, interesting and dynamic. The company also offers free VPS-hosting for accelerated work, not depending on the Internet.

Company terms and conditions

The exchange provides a wide range of accounts (Demo, Micro, Premium, Zero Spread, Auto, PAMM (Premium), HFcopy, Islamic account) and a huge number of assets (the site describes more than 1200 trading instruments), including currency pairs, commodities, securities, indices, etc.

Spread in many accounts can be zero. Margin call comes at 50% and liquidation at 20%. Withdrawal is possible through such representatives as Skrill, Neteller, Perfect Money, WebMoney. The conditions here are quite favorable, given their variety, suitable for all traders, budgets and goals. The resource provides a set of analytical projects for training, capable of improving the trading processes of both beginners and experienced players. It is commendable that the broker pays so much attention to this. The latest up-to-date information regarding currency pairs and their spreads is also available. The credit of trust and the speed of accomplishing set tasks, including the withdrawal of funds, increases. This financial assistant does not charge commissions on deposits or bank transfers. In addition, the site offers many bonus and affiliate programs, opportunities for passive investing, as well as investing in PAMM accounts. This broker provides hedging, scalping and news trading services. One of the HotForex offers is HFcopy auto-copying of trades. Both order providers and participants earn here. You can trade gold, bitcoins and currencies. The minimum volume of a trading operation is 0.01 lots. An infinite number of traders can participate, all are able to form their own case and diversify risks. PAMM accounts (PAMM Premium) are suitable for revealing one’s potential and delegating tasks. The spread is 0.3 points. Instruments: currencies, oil, metals, indices. It is possible to invest in several orders at the same time to reduce losses. Participants are given the opportunity to choose a managing trader and PAMM-account. Lists of the best ones, moreover, are shown on the website.

HotForex regulation

The registration of the company is fixed at the address in St. Vincent and the Grenadines, and the start of work allegedly came in 2009. Its regulators are described as 4 regulators at once: FCA (Financial Conduct Authority of Great Britain), DFSA (Danish Financial Supervisory Authority), FSCA (Financial Services Authority of South Africa) and FSA (Financial Services Authority of Seychelles). Thus, the intermediary has licensing and quality assurance covering a wide range of commercial, financial and trading services.

Conclusions

HotForex Financial Assistant makes a good impression. But whether to trust him with your money is a big question. Doubts arise after familiarizing with reviews about the office:

Perhaps you should not trust a firm with such a reputation. Always check reviews and do not take brokers’ word for it!