Steves HotForex Review

HotForex is a commodities broker and has trading services for all sorts of clientele. They’re number one priority is to work fast and efficiently for said clients and offer multiple different accounts and tools as well.

 

Cryptocurrencies

 

 

This broker service uses blockchain technology to keep track of this form of currency as there isn’t any physical for of it. They’re a highly popular online currency and is changing the currency industry exponentially.

 

Forex

 

 

They operate for this 24 hours a day for 5 days a week as it’s the most liquid asset around. They deal with Forex pairs, minors, and majors for the lowest prices and best spreads available.

 

Metals

 

 

Offers some of the best trading when it comes to metals. They ensure there are no foreign exchange issues when it comes to silver and gold. Silver and gold spot metals are offered at 1% for USD and EUR as well.

 

Indices

 

 

Trading on a global scale, including UK 100. Offers trading on the USA 100 as well as the Shanghai Composite.

 

Shares

 

 

Capability to help you trade stocks on blue chip companies, including Microsoft and Google. These are the most known liquid assets worldwide and this company offers reliable execution when trading.

 

Energies

 

 

Low cost way to invest in and trade spots for multiple energy sources. Ensure future contracts with them starting with small margins, spreads, and barrel lots too. Brent and Crude oil are some of the most sought after investments and they help you here.

 

Commodities

 

 

Coffee and sugar are commodities as they affect economical, political, and other factors in today’s society. This company doesn’t charge commission for these, so you have full control of when you buy and sell different commodities based on the predictions of the market.

 

Bonds

 

 

Offers bonds Including Euro Bunds, UK Gilts, and US 10-year Treasury Notes. These are extremely important in the economy and affects interests rates, so it is crucial for this company to contribute to this with their clients.

 

 

Account Types

 

Micro

 

Min. Deposit: $5 Max. Leverage: 1:1000 Spread Type: Variable Spreads From (pips): 1 Max. Open Orders: 150

 

Premium

 

Min. Deposit: $500 Max. Leverage: 1:400 Spread Type: Variable Spreads From (pips): 1 Max. Open Orders: 300

 

Zero

 

Min. Deposit: $100 Max. Leverage: 1:200 Spread Type: Variable Spreads From (pips): 0 Max. Open Orders: 500/60* standard lots per position

 

Fixed

 

Min. Deposit: $500 Max. Leverage: 1:400 Spread Type: Fixed Spreads From (pips): Fixed (Forex) Max. Open Orders: 300

 

VIP

 

Min. Deposit: $20,000 Max. Leverage: 1/300 Spread Type: Variable Spreads From (pips): 0 Max. Open Orders: 400

 

Auto

 

Min. Deposit: $500 Max. Leverage: 1:400 Spread Type: Variable Spreads From (pips): 1 Max. Open Orders: 300

 

PAMM

 

Min. Deposit: $250 Max. Leverage: 1:300 Spread Type: Variable Spreads From (pips): 1 Max. Open Orders: 350

 

HFCopy

 

Min. Deposit: $500 strategy provider, $100 follower Max. Leverage: 1:400 Spread Type: Variable Spreads From (pips): 1 Max. Open Orders: 300

Deposit & Withdrawal

 

Deposit

 

 

You are able to make deposit several ways including wired pay, credit cards, and online payments & cryptocurrency. For the quickest deposits, it’s best to use online payments via online payments such as Fastpay and Skrill as they are instant. Other options such as Bitcoin and most credit cards can take up to 10 minutes. If you wire money, it’ll take the longest time to deposit (typically 2-7 business days). However, if you all options except wiring money have a limit to how much you can deposit. Limits range from $500 to $50,000 depending on what option you use.

 

Withdrawal

 

 

Like deposits, you can use the same methods for withdrawing as with depositing. Most online methods and credit cards charge only $5 for taking out money. However, the biggest difference is withdrawing money via an online method is instant where as all others will take anywhere from 1 to 10 business days. Wiring costs the most at $100 per withdrawal.

 

 

Support

 

You can contact this company many different ways and reach several different levels. They got you covered for customer support, a faxing number, affiliate numbers and support, and so much more. If you’re calling internationally, they also have customer support numbers for Brazil, Russia, China, Turkey, and several other Asian and European countries.

 

For Farsi, Arabic, and Chinese speaking clientele, they have different customer support emails they can contact for help in those languages.

 

If none of these interest you, you can always just fill out a contact form on their website and wait for them to get back to you that way.