HotForex Journal

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HotForex Profile
Year
2010
Country
SVG
Branches
5
Regulation
CySEC Cyprus, FCA UK, DFSA UAE, FSCA South Africa, FSA Mauritius
Registration
FSA SVG
Investor protection
Fund protection
Cyprus Investor Compensation Fund (ICF)
Publicly traded
no
Restricted countries
Not serving
х Canada, North Korea, Sudan, Syria, US
Broker type
MM, STP
Dealing book
A+B hybrid book
Tier
3
Execution speed
...
LPs total
1
LPs quality
Other
LPs names
HF Markets

HotForex Accounts
MM
STP
Minimum Deposit
50 $
100 $
Leverage
500 : 1
30 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1 pips
1 pips
Commission
0 $/lotRT
0 $/lotRT
Volume
7 lots
60 lots
Margin Call
80 %
80 %
Stop Out
50 %
50 %
Execution
Market
Market
Spread
floating
floating
Scalping
yes
yes
Update broker

Is HotForex safe?

  • Investor protection: Cyprus Investor Compensation Fund (ICF)
  • Regulation: CySEC Cyprus, FCA UK, DFSA UAE, FSCA South Africa, FSA Mauritius
  • Registration: FSA SVG
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is HotForex trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt, helpful ★★★★★
  • HotForex website: highly detailed, updated ★★★★★
  • HotForex popularity (by visitor count): top visited ★★★★★

How HotForex works

Terms "Execution Venue" - the counterparty for transactions and holder of Clients securities or other assets deposited. 7.1. The Parties are entering into this Agreement as principal to principal. For the avoidance of any doubt, in relation to Individual orders for CFD transactions the company shall not execute such orders against its Clients as a principal to principal, but shall transmit or arrange for the execution of such orders acting in behalf of its Client with the third party (Execution Venue). The Company (or any associate) may benefit from commission, mark-up, mark-down, or any other remuneration where it acts as a Counterparty to the Client. In relation to individual orders for CFD transactions the Company shall not execute such orders against its Clients as principal to principal, but shall transmit or arrange for the execution of such orders acting on behalf of its Clients with a Third party (Execution Venue).

https://www.hotforex.com/load_terms?file=HFSV/2020-003_HFSV_Account_Opening_Agreement_2020-03.pdf

3.1.The Company is not the execution venue for execution of Clients' orders in CFDs. So, in relation to Client CFD transactions, the Company does not execute the Client orders on an own account basis as a counterparty. The Company transmits the Clients orders or arranges for the execution with Third Parties.

3.2. The execution venue for Clients orders is HF Markets Ltd, a company incorporated in the Republic of Mauritius and regulated by the Financial Services Commission (FSC).

https://www.hotforex.com/load_terms?file=HFSV/2020-001_HFSV_Order_Execution_Policy_2020-01.pdf

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