|Journal status: |
- Full listing profile: HotForex broker profile
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 worksTerms "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).
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).