Noting that contract expiration dates for each of these two oils are also clearly stated in this section, for the trader to be informed beforehand. This account is those who follow the beliefs of the Quran, according to which, it is not allowed to pay or receive interest. All the information on this website – – is provided for informational and educational purposes only and should not be taken as investment advice. Ironically, COVID-19 has acted as a kind of savior to the forex market. Yes, it has been a disaster for most sectors, but it has completely reenergized the forex market. From the start of your journey, you can learn more about the current trading environment through the HotForex Demo Account.

1. With an array of account options, superior trading conditions, and swift execution, HF Markets is a gateway for clients of varying levels to achieve their trading aspirations.
2. Ultimately, these represent strong offerings in both areas which area a major attraction for both new and experienced traders.
3. The Islamic account allows the traders to enter any financial market offered for any other account, using EUR and USD, which does not give the trader any accumulated gains in respect to the religious laws.

MetaTrader 4 and MetaTrader 5 are also both available as mobile apps for both iOS and Android devices. These provide access to many of the same features of the desktop platforms, including trade and account management, portfolio evaluation and technical analysis, though some charting options are limited. The broker offers tight, competitive spreads across all assets with fast execution times from leading liquidity providers in the market. Clients can execute trades directly from real-time streaming quotes. HotForex operates as a pure ECN broker pricing model with direct market execution. The broker is authorised by the Financial Conduct Authority (FCA), a highly regarded regulator with stringent compliance.

HFM Reviews

You can use the swaps calculator on the HotForex website to determine your exact swap fees. Premium, Premium Pro, and Islamic Accounts are commission-free, so they do not pay any commissions on trades. Plan, execute, and be recognized for your triumphant trades with a performance fee of up to 35%. These fees are remitted bi-weekly, ensuring quick and secure transactions. Showcase your distinguished trading tactics, cultivate a following, and establish a network of devoted Followers.

An average spread for each period would be appreciated because it is a bit of a headache trying to quantify a zero variable spread. That said, typical spreads are listed for the other related account offerings. When it comes to trading fees, HotForex has a tight spread offering, as well as some of the more appealing spread opportunities out there. Understanding the basics of forex trading, especially how fees work, is imperative to your success in the forex market. Multi-lingual customer support is available 24/5, and HFM transparently lists all contact methods on its website.

To help you take advantage of this, HotForex offers a wide range of commodities and indices. A four tier loyalty program rewards active traders with cash rebates and other perks. HFM also introduced a Return on Free Margin program, paying up to 3.00% on the available margin, calculated daily, and paid monthly directly into the myHF wallet. HotForex offers a variety of funding and withdrawal methods which can be categorized into three.

Rescue bonus

Any trading account is eligible for this bonus, which is intended to help the traders if their trading is going opposite to their expectations. There are 3 main bonus options that are offered for HotForex traders. They are intended to keep the traders engaged if they make money, and to give them another chance even if their position is at loss. The main commodities are copper, coffee, sugar, US Cocoa and US Cotton no2 are available for traders in HotForex.

This is a highly regarded authoritative body in the financial market with stringent compliance protocols. HotForex is an established broker that was formed in 2010 by founder and owner George Koumandaris. The company is the UK affiliate of the global brokerage organisation, HF Markets Group. The group is well recognised in the industry, operating today with 200+ global employees, 2,500,000+ live accounts opened and more than 50 industry awards. HFM provides an award-winning MT4 Platform as its main trading software and its newer version MetaTrader 5.

Is HFM scam or safe Broker?

This account has very low spreads hence we highly recommend HFM Zero account. HFM South Africa is licensed by regulatory authority Financial Sector Conduct Authority (FSCA) with FSP Name HF Markets SA (PTY) Ltd since 2015. Plus, HFM Group is regulated by globally reputed Top Tier Regulators including FCA, CySEC. One of the key points which separates HotForex from other brokers in the industry is that of its extensive regulation.

How much can I withdraw from HotForex?

This bonus is applicable for the Premium and the Islamic accounts only. With this offer, traders can get a 100% bonus on their deposit, as well as cash rebates of 2 USD for every traded lot. Mobile access to the trading platforms is easier and faster since many trading decisions are time-sensitive and any delay will affect the outcomes of buying or selling any position in the market. Besides that, traders can use the demo trading account, which is a great tool used by beginners, as well as experienced traders. HotForex offers its traders the opportunity to trade directly in global stock markets, offering 8 counties’ stock exchange markets, and each market has its own listed corporations’ stocks. HotForex offers traders the chance to open positions in every financial market, with the exception of the cryptocurrency market.

The broker is also rising strongly in terms of research capabilities which it provides to traders. These include access to Autochartist tools, as well as a newly updated HF App which allows traders to track the performance and analytics of their portfolio at all times. This offers in-house analytics, news, and market information compiled by the HotForex team of experts. This account is spread only and you do not pay any commissions when you open or close trade positions. Spreads start from 1 pip and you pay swap fees whenever you keep a trade position open past the market’s closing time. Trade a variety of markets through a regulated platform, gaining access to a diverse and expansive trading environment.

He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. And I like how easy it is to open a trading account with this company.

However, it is not unlikely for the broker to offer $100 sign-up credit bonus schemes, a 30 rescue bonus, no deposit bonuses and referral programmes via its global affiliates. Still, trading costs hotforex broker reviews at HFM are slightly above the industry average, and its HFM mobile app does now support trading. I am a client of this broker and I want to write a few words about how this company operates.

Deposits & Withdrawals

In addition, traders can use the VPS hosting offered, while those who make a deposit of $5,000 or more can benefit from free VPS packages. All together, this comes to a complete range of more than 12 platforms that are powered with quick execution, with built in tools and available for all instruments offered. There has been an upsurge in the amount of people Googling the search term “online forex trading,” since the virus hit globally. While some are using the lockdown period to binge-watch Netflix, other more savvy people are using their time to learn more about forex and capitalize on a volatile market. The HF Markets Premium Pro Account is designed to cater to the needs of traders classified under the professional-client category.