Hot Forex Overview
Hot Forex is a regulated, award-winning online Forex broker that offers market maker execution across all 5 of its different account types. Traders have a choice of over 100 securities, Forex, CFDs and more.
Since 2010 to date, over 350,000 accounts have been opened at Hot Forex, during which time Hot Fore has won 18 different industry awards.
When shopping Hot Forex, Zimbabwean traders can be assured that their funds are safe as client funds are kept in separate accounts with major global banks.
Hot Forex also offers negative balance protection in addition to compensation to clients if there are errors, omissions, negligence, fraud or other risks that can result in great financial loss.
Why is Hot Forex the best option for Zimbabwean traders?
First High and strictly regulated
Hot Forex is regulated and approved by some of the most reputable regulatory agencies that include:
- CySEC – Cyprus Securities and Exchange Commission.
- FSC – Republic of Mauritius, Commission for Financial Services.
- FSP – Economic Behavioral Services of the Republic of South Africa.
- FCA – United Kingdom Economic Construction Authority.
- DSA – Dubai Financial Services Authority.
- FSA – Seychelles Financial Services Authority.
Being regulated and authorized by such a large amount of regulatory bodies means that Hot Forex is subject to strict rules regarding its activities along with the way it handles client fees and ensures its security.
2nd Various accounts
Hot Forex offers traders a choice of six different accounts to ensure a variety Zimbabwean dealers, their skill, experience and knowledge of trade have been taken into account.
The various accounts provided also ensure that Hot Forex’s offerings fit a variety of trading plans exposed to various factors such as budget boundaries, time dedicated to trading and more.
- Micro account – minimum deposit of 5 USD / EUR, spread from 1 pip and leverage up to 1: 1000 with no trade fees.
- Premium account – minimum deposit of 100 USD / EUR, spread from 1 pip, gearing up to 1: 500 and no commission.
- Zero Spreads account – minimum deposit of $ 200 / EUR, ranging from 0 pips, leverage up to 1: 500 and commissions charged on Forex.
- Auto account – minimum deposit of $ 200 / EUR, spread from 1 pip, gearing up to 1: 500 and zero commission.
- PAMM account – minimum deposit of $ 250, spread from 1 pip, gearing up to 1: 300 and zero commission.
- HFCopy account – minimum deposit of $ 500, spread from 1 pip and leverage up to 1: 400 with zero commissions charged on trades.
Third Reasonable postings and fees
Hot Forex requires extremely low minimum deposits, especially when considering their extensive accounts and features. Compared to other brokers offering premiums and advanced accounts, Hot Forex has the absolute best deal.
That spreads provided by Hot Forex is extremely low despite the account chosen by the Zimbabwean trader and there is a zero commission fee on most of the accounts provided.
In addition, no fees are charged when depositing or withdrawing funds.
4th Various financial instruments
Hot Forex offers traders the opportunity to not only trade Forex, but also the following financial instruments:
- Cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Ripple.
- Precious metals such as gold and other stain metals
- Indexes like USA500, UK100 and more.
- Shares of leading companies around the world
- Commodities from as little as $ 10
5th Reliable and reputable trading platforms
Both MetaTrader 4 and 5 were developed by MetaQuotes Software Corp. where MetaTrader 4 is a Forex-only trading platform and MetaTrader 5 provides access to more financial markets.
MetaTrader 5 is the enhanced version of MetaTrader 4, which offers a significant amount of more technical indicators, analysis tools, time frames for viewing charts, and more.
Both MetaTrader 4 and 5 are reputable, reliable trading platforms that cater to both beginner traders and those who are more advanced, regardless of the merchant’s needs.
Both MetaTrader 4 and 5 can be downloaded for use on desktop, Android and iPhone devices, or they can be used via WebTerminal.
6th education Tools
This is one of the crucial requirements when Zimbabwean traders evaluate different brokers, as the provision of training tools not only helps traders learn to trade, but it allows them to learn about trading by specifically using the broker’s offer.
Hot Forex provides traders with Forex Education / e-courses, tutorial videos, webinars and events that are advertised ever as often as they occur.
Research tools and resources enable Zimbabwean dealers to perform more comprehensive technical and basic analysis, resulting in dealers being able to make more accurate and profitable trading decisions.
Hot Forex gives traders the following:
- Hot Forex app
- VPS Hosting Service
- Trader tools
- AutoChartist tools
- Trading calculators
- Exclusive analysis
- Financial calculator and more
Promotions and bonuses are the best ways in which brokers not only attract new customers but also a way in which loyal customers are rewarded. Some campaigns are even aimed at increasing trading activities through trade bonuses.
Learn more forex trading for dummies here.
Hot Forex offers traders with the following promotions:
- 100% super charged bonus on deposits of $ 250 and more, 30% rescue bonus on deposits over $ 50, 100% credit bonus for merchants who trade in larger quantities.
- Trading Rewards Loyalty Program based on four different reward levels depending on the amount traded and the trader’s active trading days.
- Trade competitions where traders have a chance to win a number of prizes.
- Free account financing provided to all live accounts. If the trader’s bank charges them for deposits or withdrawal transactions, the traders will be reimbursed for any waived fees.
- Hot Forex also has a wide range of merchandise delivered to loyal traders and partners.
9th Easy with which deposits and disbursements can be made
Hot Forex supports a variety of payment methods, such as bank transfer, credit / debit cards, online payment solutions that include Bitcoin Cash, Bitcoin and Skrill.
Deposit and disbursement fees are not charged and if the Zimbabwean trader debits them for transactions, the fees may be recovered from Hot Forex.
10th Superior customer support
Hot Forex provides customer support that is helpful, fast and accessible 24 hours a day, 7 days a week. Zimbabwe traders can contact Hot Forex support either via email or phone or by using the Live Chat feature.
Hot Forex is the best and most widely used trading platform in Zimbabwe due to its comprehensive and unique offerings that are all-inclusive and meet the trading needs of a number of traders, despite their skill, knowledge, experience or budget constraints.