The HF Markets Group’s broker HFM provides a wide range of account types, the best selection of trading assets, and top-notch software. Additionally, HFM offers favorable trading conditions and fast order execution. Furthermore, a comprehensive selection of products and services enables everyone to select the best option.
The licences of various regulators serve as evidence of the broker’s reliability. The company has more than ten years of work experience in the financial, trading, and other services markets. Hot Forex has won 35 important awards throughout that time. Meta Trader 4 and Meta Trader 5 trading terminals are employed for trading.
Pros
- FX Blue Labs created the Premium Trader Tools to improve the basic Meta Trader toolset.
- HFM has achieved a nice balance between its market research, information from outside sources, and news.
- An internal team generates monthly, weekly and annual outlooks among the specific research reports.
- Data on correlation and opinion can be found in the Traders Board module of HFM.
- With its updated HFM app, 1,200 markets can now be traded.
- As part of their Return on Free Margin (ROFM) service, recently introduced traders can earn up to 3% interest on the new margin in their accounts.
Cons:
- Terms of withdrawal may not always match those stated
- Due to the limited number of account currencies, some clients must pay for double conversion;
- The number of electronic payment methods available for withdrawal and refill is minimal
- Although registration is quite simple, you need help understanding the terms of other types of accounts while it is being processed; customer help is inaccessible on weekends.
User Experience with Hot Forex
Some aspects that work in this company’s favor are ease of use, a simple and well-designed website, and quick onboarding. The market-maker does not, however, now operate in the United States or Canada.
Hot Forex differentiates itself through its transparency and the caliber of the information it offers to new and experienced consumers. This covers a thorough analysis of the expenses, margin needs, and minimal deposits related to each account type and the abundance of trading knowledge offered on the website. A type of tradeable agreement, the CFD crypto serves the dual purposes of trading and protecting.
Hot Forex’s option to use Meta Trader instead of its original web-based trading platform is more than made up for by the latest trading tools it provides as an add-on to the well-liked trading programme. Features like integrated market news, buy and sell indications, charting, and technical analysis are welcome additions to the trading experience and provide investors of all skill levels with a definite advantage.
The broker’s support staff is available from 7:00 to 23:59, Monday through Friday, to address any unexpected circumstances or questions that crop up during trading. The used time zone is equal to GMT +2. Support is offered by email and live chat during non-business hours.
Market-leading insurance from HotForex
The company has taken extra precautions to protect its liabilities to clients and established an insurance programme with a €5,000,000 limit that includes industry-leading coverage against mistakes, omissions, carelessness, fraud, and several other risks that could result in financial loss.
HotForex: Market Maker or not?
The market maker license belongs to Hot forex broker. The Execution Venue shall quote the Client bid and ask prices when acting as a Market Maker under normal market circumstances. Without actually buying any Bitcoin, it is possible to take a position on whether it will increase or fall by using CFD crypto.
On HotForex, are demo accounts available?
Yes. Trading on the HotForex trial account gives users access to all markets, several technical indicators, and a real-time pricing display. Traders can use the demo account to practice trading strategies using the HFM, Meta Trader 4, and Meta Trader 5 tools in a risk-free setting.
HotForex – Does Scalping Allow?
No! They forbid scalping. In comparison to XM or Exness, HotForex does not offer cheap spreads. Instead, this broker organisation has incredibly low swaps and slippages.
Conclusion:
HotForex is appropriate for more discerning forex traders who live anywhere in the world and is one of the forex brokers with an excellent client reputation. Recently, HotForex changed its name to HF Markets. A fully licensed forex broker, HF Markets Ltd. is a part of the HF Group. Based on our excellent experience, we fully support HotForex.
Despite the numerous brokers that have popped up worldwide and who we have tested thus far, HotForex stands out, outperforms the norm, and ranks among the best!