HotForex is a very popular broker in the Forex world. This is due to the number of offers and resources it offers. In addition, until today it has maintained a good reputation in the broker market. However, miracles are hard to come by; as such, HotForex trading account won’t do anything unless you take the right choices.
The money does not grow in trees unless you plant a seed. It is always necessary to keep the nest egg in movement in order to increase it day by day, one of the best ways to do it is running in the stock. Somebody will always say “that is for great businessmen who know the market”, but that’s where they are wrong. Even the greatest businessman use brokers to know where to put the money, and why not do so if, for a “small” commission, they put you on the right path.
If your goal is to invest in CFDs and you are just beginning your journey through the world of finance, there’s no doubt that hiring the services of a broker is the best option as this will guide you through the first steps of the investment and will help to discern between a successful decision and one that can lead to economic losses. Of course, remember that there are risks and money can always be lost.
The big challenge is not deciding whether or not to use a broker, but which of all available in the market is the most convenient since many of these sites lend themselves to scams that end with the theft of hundreds of dollars of people.
As we said in the beginning, HotForex has been positioning in the broker market as a reliable option and the different types of HotForex trading account have made it recommendable for most traders.
HotForex is adjusted to the needs of clients, with different characteristics depending on the investment, the benefits, and the market risk that the client is willing to assume. There are eight different types of HotForex accounts with different trading conditions. So, What HotForex trading account should you open? Is the real question to be considered for this opportunity.
In order to determine the best option for investing your money in the currency market with HotForex, its accounts will be numbered for a better understanding of them. So let’s start from the beginning:
Check more detail Micro account here
These HotForex accounts require a minimum deposit of five dollars and have variable differentials of 1 pip, allows the client a maximum leverage of 1:1000 and a maximum of 150 accounts of this type open simultaneously.
In addition, the micro account does not charge commissions and is managed with the trading platforms Metatrader 4 and Webtrade.
Check more detail Zero Spread account here
More information PAMM here
Check more detail Premium account here
It can handle up to 300 Premium accounts simultaneously, and it mainly uses the Metatrader 4 and Webtrader as its trading platforms and does not charge commissions per client.
Check more detail Fixed account here
Check more detail Auto account here
Check more detail VIP account here
In this case, a minimum investment of $20,000 is required, with spreads from 0.2 pips, and a maximum leverage of 1: 300.
This type of account works on different trading platforms such as MetaTrader 4, Webtrader and mobile trading, with a maximum of 400 simultaneous transactions.
With the VIP HotForex accounts, $6 commission is charged per a standard lot of purchase or sale but allows the client three private consultations of thirty minutes with the Hotforex Senior Analyst, Stuart Cowel, who has more than 25 years of experience in the industry.
In conclusion, whatever your operational strategy, your level of funds, or your appetite for risk are. Whether if you are thinking about opening a Demo or a Real account there will be an account that fits your needs in HotForex, you just need to take your chances. So, the cards have been served on the table, make your move and win.