HotForex – Video by David Wills
HotForex appeared on the market in 2008 and since then it has started to become more and more popular especially among small traders. Their spreads are considered reasonable and this was one of the reasons why it won the award in 2012 from World Finance. In 2015, it introduced also the feature of copy trading allowing traders to discuss what is new on the market, share their strategies, analyse other signal providers’ performances and what is even more important, to follow and copy other traders.
It offers traders the traditional Forex pairs and the CFDs (Contract For Difference) for stocks, indices, and commodities having a range of choices of 200 assets spread in 20 markets. When making deposits, HotForex is one of the safest networks offering several funding options such as credit card, bank wire, liberty reserve, Neteller, Ukash, Webmoney and the list can continue. The same options are available also for withdrawals. The safety of traders’ money is increased as their partner, NinetyEast Fund Services Limited administrates their money separately in segregated accounts. As for liquidity provider, HotForex opts for the best working only with tier-1 international banks.
There are three types of accounts can be made, each with different benefits. The top account is the VIP one with over $40,000 and a leverage of 300:1 and the lowest level is micro account ranging from $5 to $499 together with a leverage of 1000:1. At the moment clients from the US are not accepted on the platform.
On top of that, HotForex has invested a lot in technology and it is clearly leading the pack on this side becoming a veritable one-stop-shop. It offers 8 trading platforms to choose from, starting with HotForex MT4, MT4 for Mac, HotForex Webtrader, Smartphone Mobile Trading, HotForex iPhone, iPad and Droid Trader and Blackberry Trader. Each of these platforms is working perfectly, making copy trading an enjoyable experience letting you focus more on trading than on technical issues. It also promotes trading on the move and supports most of the mobile devices available on the market at the moment.
In terms of social part, HF Social features allow traders to connect with each other, having more than 250,000 users connected at the moment. Since it was launched it grew extremely fast and it seems traders following and copying other successful signal providers and build their portfolio in such way. It also allows traders to exchange information and track other signal providers’ progress. HF social has a separate type of account which requires a deposit of minimum $100, therefore, allowing mainly serious investors to join and make copy trading fun and successful.
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