Hot Forex is a very well-known Forex trader in Europe and Southeast Asia, which started operation in 2010. It is attractive because it has a maximum leverage of 1000 times. We also offer bonuses in our 100% deposit campaign, which is always held. In particular, the stock handles 939 stocks, and it can be said that the number of stocks is top-level. The operating company is HF Markets (SV) Ltd., located in the St. Vincent and the Grenadines.
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|
|number of employees||250|
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)|
Hot Forex supports live chat, email, phone and all contact methods. However, there is no Japanese language support for telephones.
|chat||It will respond in real time. Weekdays from 15:30 to 24:00 (Japan time).|
|You can make inquiries by email from the HotForex website. You will get some reply within 24 hours.|
|phone||I do not recommend calling the HotForex support desk. This is because it will be treated as an international call and the telephone charges will be higher.|
The following languages are supported. Compared to other vendors, it is very many and fulfilling.
Introducing zero cut. Zero cut is a mechanism that HotForex compensates for the loss and makes the balance zero when the account balance becomes negative. In other words, you don’t have to borrow money.
There are the following methods for withdrawing Hot Forex. There is one caveat. This vendor does not support bank transfers.
|Withdrawal method||Commission||Reflection time|
|Credit / debit card||free||2 to 10 business days|
|bitwallet||free||From the day to the next day|
|BitPay||free||1 to 3 days later|
There are the following methods for depositing Hot Forex. There is one caveat. This vendor does not support bank transfers.
|Payment method||Commission||Reflection time|
|Credit / debit card||free||Within 10 minutes|
|bitwallet||free||Within 10 minutes|
|Bitpay||free||Within 10 minutes|
Hot Forex is divided into several accounts according to each trader’s preference. You can choose your favorite type. The differences are summarized in a table.
|Transaction form||NDD STP||NDD STP||NDD STP|
|Minimum trading volume||0.01||0.01||0.01|
|Maximum trading volume||7||60||60|
|Maximum number of positions||150||300||500|
Hot Forex supports the following currency pairs. I also listed the average spread.
Scalping trading is also possible with Hot Forex. Both buildings are prohibited. We recommend trading with a zero spread account.
Automatic trading is at your own risk
Hot Forex can also be bought and sold automatically. You can use it, but if there is a one-sided trend, the unrealized loss will be large and all the principal will often fly away. Although it is your responsibility to invest in general, please be aware that EA trades can fail in one trend even if the winning percentage exceeds 90%.
Low risk, low return for beginners
Beginners should not be familiar with Forex yet, so start trading with a small number of lots. If you have one position and one lot, you will not suddenly go bankrupt. Let’s start low risk and low return.
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.
|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.|
HotForex offers live chat, phone and email support. We recommend it because there are so many stocks that can be traded.