HotForex Journal (Broker rebranded)
| Journal status: closed HotForex rebranded |
HotForex Profile
Website
hotforex.com (rebranded to hfm.com)
Year
2010
Country
SVG
Branches
5
Regulation
not regulated
Registration
FSA SVG, CySEC Cyprus, FCA UK, DFSA UAE, FSCA South Africa, FSC Mauritius
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Canada, North Korea, Sudan, Syria, US
Broker type
STP
Dealing book
A-book
Tier
3
Execution speed
2000 ms
LPs total
1
LPs quality
Other
LPs names
HF Markets
HotForex Accounts
STP
Minimum Deposit
100 $
Leverage
500 : 1
Minimum Lot
0.01 lots
EURUSD spread
1 pips
Commission
0 $/lotRT
Volume
60 lots
Margin Call
50 %
Stop Out
20 %
Execution
Market
Spread
floating
Scalping
yes
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, TrustPay
Base currency
USD, EUR, NGN
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 6 months
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- Full listing profile: HotForex broker profile
Is HotForex safe?
- Investor protection: no
- Regulation: not regulated
- Registration: FSA SVG, CySEC Cyprus, FCA UK, DFSA UAE, FSCA South Africa, FSC Mauritius
- 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).
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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