HOW TO OPEN A HOTFOREX ACCOUNT
Here Is How To Open A Trading Account With Hotforex, Step By Step:
- It’s simple and easy to sign in to HotForex. The first step is to go to HotForex’s website and click the button that says “Register.” For the user to sign up for an account, they need to give their name, email address, and phone number.
- The user will get an email from HotForex with a link to verify their account. Traders need to click the verification link to complete the registration.
- The next step is to fill in the necessary information, such as your address and country of residence. This information should match the documents that are sent in for verification.
For verification, the user should send in the following documents:
- Documents with their address on them, like bank statements or utility bills, can be used to prove their address.
- Proof of who you are, such as a passport or a scanned copy of your ID card.
Types Of Hotforex Accounts
Several Hot Forex reviews say that this platform is dedicated to giving its customers the best trading conditions to make trading easy. HotForex has six different types of accounts for traders to choose the best match.
After initially accepting Bitcoin as a deposit method earlier this year, internationally respected multi-asset broker HotForex has now introduced Bitcoin to its Crypto CFD trading to purchase and sell it.
Every trader has an account, no matter how much money they have, how they plan to trade, or how much risk they want to take. These accounts range from micro accounts to reports that let you sell as much as you like.
HotForex offers many different accounts with different trading conditions and low prices. These accounts are made to meet the needs and want of different types of forex traders. Here is a list of the different kinds of accounts that HotForex offers:
- Micro account
- Premium account
- Zero spread account
- Premium pro account
- PAMM premium account
- HF copy account
The HotForex trading platform is made so that it is easy to understand. Compared to other trading platforms, it has six types of accounts, including an Islamic account that traders in the MENA region prefer.
Each account type is made for a different kind of trader with a different trading strategy that lets them trade in any market. Beginners like HotForex’s micro account types because they only require a $50 deposit. This account has a shallow minimum deposit compared to other types.
The least you can put into a premium account is $100. New and experienced traders use it with less than $5,000 in their funds. It has an excellent trading environment, which makes it a good choice for small-scale traders.
The Premium Pro account is for professional traders who make a lot of trades. This account has a maximum leverage of 1:400 and a lower stop level of 20%. This account has a shallow minimum deposit of $5000, which is why it is popular with professionals who don’t have much money.
Spreads can be as low as 0 pips with a zero spread account, which requires a minimum deposit of $200. Forex traders must pay commissions for each traded lot. Depending on the type of trading strategy, the amount of trading, and the number of trades, this account is suitable for some traders and a bit pricey for others.
The HotForex PAMM programme is an investment programme that lets traders put their money to work without having to trade themselves. The PAMM programme lets their fund managers earn more money for doing an excellent job of managing their clients’ money.
The HF copy account is made for strategy providers to make more money by charging trading fees to followers who want to use their strategy. The highest cost is 35%, and the minimum deposit for each strategy provider is 1,000 Euros. The minimum deposit for each follower is 300 Euros. When small investors trade CFDs with this provider, 71% of their accounts lose money.
Help For Hotforex Clients
Before choosing a broker, one of the most important things to do is to check out their customer service staff. HotForex’s customer service is available in 27 languages, so customers from any country can get good help and trade in the best way for them.
The HotForex review says customer service is available via phone, live chat, FAQs, and email. Email support is available in a few different languages. Customer service at HotForex responds quickly and offers reasonable solutions. Some of the languages that HotForex broker supports are English, Chinese, Czech, Spanish, French, German, Italian, Portuguese, Romanian, Hindi, and more.