WHICH HOTFOREX LIVE ACCOUNT IS THE BEST FOR YOU?
HotForex was voted as one of the five biggest brokers in 2020, since its establishment until now it has always grown strongly and gained the trust of the most fastidious traders.
Why should you choose hotforex live account to trade?
More Hotforex review: Here
Reliability of hotforex live account
- Operating licenses: HotForex has many operating licenses aimed at expanding its market to different countries and continents. Licenses are granted by prestigious agencies of the World such as CySEC, FSC, FSCA and FCA …
- Established :established in 2010, growing stronger and trusted by our customers. Over 10 years of construction, the company’s growth has achieved more than 35 prestigious awards awarded by the industry
- Financial transparency: the company’s used capital is clearly separated from the client’s account, independent audit system is assessed, controlled by Deloitle auditing agency, one of 4 auditing agencies. The world’s largest scale and revenue.
- Account protection policy for customers: according to the regulations of CySec, FCA in the event of a risk problem, the broker must compensate its customers according to their regulations of 20,000 – 50,000 EUR according to each case separately.
- Customer support policy: training professional staff, the ability to advise customers in many different languages, 24/7 customer support in the forms of online chat, phone calls, Email …
Before open an account hotforex to trade ! you should read more :
Which hotforex live account should you open?
As I clarified above, HotForex is constantly understanding its customers, so they have issued 8 different types of accounts, with different characteristics, different trading conditions, to match revenue. entry, investment, trading style of traders. So, which type of account do you fit into? What type of HotForex account should you open? Based on my personal experience of trading for nearly 10 years in the foreign exchange market, I will give you some pointers.
HotForex Micro Account
HotForex Micro is an account suitable for those who are just starting to trade Forex, not much experience. For this type of account, you only need 5usd to start trading, find out the actual market. Low Spread: from 1 pip to EURUSD, minimum transaction of 0.01 lot. This type of account has the highest leverage of HotForex, with a leverage ratio of 1: 1000, especially the broker does not charge commission of this account type and can trade on both MT4 and MT5 software. . Customers can also open up to 150 such accounts at the same time.
This type of account is best suited for less experienced clients who want to invest and traders who want to test the broker.
More details on HotForex Micro account
HotForex Premium account
For experienced traders who do not regularly trade, this is the most suitable type of account. The trading conditions of this account are also very good when the Speard fee is only 1 pip, attractive leverage of 1: 500. Market execution speed is fast, no commissions are charged. Premium accounts use the MetaTrader 4 platform as well as Webtrader and any other available trading platforms.
More details on HotForex Premium account.
HotForex Zero Spread Account
This type of account is suitable for professional traders, especially suitable for traders who prefer surfing trading style, when the market fluctuates sharply. Speard fees are low from 0 pips, with leverage of 1: 500. Minimum deposit is 200 usd, this is also the only account type of HotForex that has commission fee ranging from 6 – 8 usd / lot, but compared to other brokers, this commission level is also very competitive. Trading platforms: MetaTrader 4, Webtrader and Mobile Trading.
More details on HotForex Zero Speard account.
HotForex Auto Account
This is a HotForex account type for its clients beginners or experienced traders who want to trade in a copy-style, HotForex Auto account holders use signals installed by HotForex on system terminals. MT4. There will be 2 forms for copying: free or paid from MQL5 communities.
For this type of account, the minimum deposit is 200 USD, the difference of Speard from 1pip, trading leverage is 1: 500, especially without commissions and other hidden fees. Minimum order lot number: 0.01 Lot. Based on trading platforms: MetaTrader 4, Webtrader and Mobile.
More details on HotForex Auto account.
HotForex PAMM Account
This account is understood as a type of account that mobilizes capital to invest, managed by a professional trader. Everyone when trading will be considered an investor, contributing capital to a Pamm account, the Pamm manager will use that capital with his own capital to trade. Profits or losses are divided equally between investors and Pamm owners based on the agreed capital contribution percentage from the beginning.
The initial margin for investing is 250 usd with a leverage of 1: 300, the difference of Speard from 1 pip. The HotForex PAMM account will give you everything you need to easily manage your money.
So that, You just viewed the 6 types of accounts from hotforex live account. I hope that you have found the most suitable HotForex live account for your trading strategies and goals in this market.
Hey, I’m Nicolas Juan. I’m the founder of this site. I’m currently living in Bangkok, Thailand. I have been trading forex for more than 9 years. You can read my articles about the best forex brokers on this page. Let’s review brokers today.