Hot Forex is a company founded in 2010. You can trade with a maximum leverage of 1000 times, and there are also deposit campaigns. The best feature of this company is that there are a lot of trading stocks. Forex currency pair 53, precious metal 6, energy 3, stock 939, stock index 12, bond 3, ETF36, virtual currency 12 and FX, stocks, virtual currency are all available, so various trades are possible. It’s an advantage. In particular, the stock handles 939 stocks, and it can be said that the number of stocks is top-level. I have an article about the company of Hot Forex.
Company information
Hot Forex is a Forex brand operated by HF Markets (SV) Ltd. The FX trading service will be available in 2010, and the operating period is fairly long.
| Company Name | HF Markets (SV) Ltd |
| Headquarters location | Suite 305, Griffith Corporate Centre, P.O Box 1510, Beachmont Kingstown St. Vincent and the Grenadines |
| Business start date | April 20, 2010 |
| Capital | Unpublished |
| number of employees | 250 |
License
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is Hot Forex licensed? It is licensed in the UK, which is the strictest license.
| Company Name | Acquisition license |
| HF Markets (SV) Ltd | Registered as an international operating company in St. Vincent and the Grenardin Islands |
| HF Markets (UK) Ltd | UK Financial Conduct Authority (FCA) |
| HF Markets (DIFC) Ltd | Dubai Financial Services Authority (DFSA) |
| HF Markets SA (PTY) Ltd | South Africa’s Financial Conduct Authority (FSCA) |
| HF Markets (Seychelles) Ltd | South Africa’s Financial Conduct Authority (FSCA) |
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about Hot Forex, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.
| Case study | Contents |
| Bonus withdrawal | Bonuses cannot be withdrawn. |
| Withdrawal over the deposit amount | Withdrawals over the deposit amount are limited to bitwalet. In all other cases it will be rejected. Withdrawal |
| Not the same withdrawal method as the deposit method | Withdrawal methods different from the deposit method will be rejected to prevent money laundering. |
| Double-decker transaction with multiple accounts | It is possible to make a double-decker transaction with a single account, but multiple transactions are in violation of the rules. |
| Bank remittance | HotForex does not support bank transfers. |
| Arbitrage | Arbitrage is prohibited. |
| Excessive scalping | It overloads the server and is considered a nuisance and may freeze your account. |
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