HotForex offers Four major accounts: the Standard Account , Pro account, Zero and the Raw Spread Account. The raw spread account can be of two types: Raw Spread metatrader, and Raw Spread Ctrader account. The Standard account is spread-based, while the Raw Spread account is commission-based. Additionally, based on client type (Client profile), HotForex offers a good number of account types:
Below is the full list of account types offered by HotForex:
- HotForex Cent account
- HotForex Pro Account
- HotForex Zero Account
- HotForex Premium
HotForex Cent Account: Best for Beginners
HotForex Cent Accounts are designed to meet the needs of retail traders in the forex and CFD markets. These accounts suit beginner traders, offering a straightforward and accessible trading experience with competitive spreads and reliable execution.
Key Features of HotForex Cent Account:
- Applicable For: Applicable for all jurisdictions including FCA, DFSA, FSCA, FSA in Seychelles, CMA, CySEC
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
- Trading Instruments: Forex, Gold
- Trading Platforms: MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
- Minimum Deposit: $0
- Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 1.2 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 200 Lots
- Funding Currencies: USC
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.
- Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, and EA Trading.
- Stop Out Level (retail): 20%
- Margin Call Level: 50%
- Negative balance Protection: Yes
- Investor Protection: Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction.
HotForex Zero Account: Best for Beginners
Key Features of HotForex Zero Account:
- Applicable For: Applicable for all jurisdictions including FCA, DFSA, FSCA, FSA in Seychelles, CMA, CySEC
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
- Trading Instruments: over 500 markets, including Forex, Metals, Stocks, Bonds, Indices, Energies, Commodities, Cryptos, and ETFs
- Trading Platforms: MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
- Minimum Deposit: $0
- Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 0.0 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 60 Lots
- Funding Currencies: USD, EUR, NGN, JPY
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.
- Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, and EA Trading.
- Stop Out Level (retail): 20%
- Margin Call Level: 50%
- Negative balance Protection: Yes
- Investor Protection: Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction.
HotForex Pro Account: Best for Beginners
Key Features of HotForex Pro Account:
- Applicable For: Applicable for all jurisdictions including FCA, DFSA, FSCA, FSA in Seychelles, CMA, CySEC
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
- Trading Instruments: Over 500 markets, including Forex, Metals, Stocks, Bonds, Indices, Energies, Commodities, Cryptos, and ETFs
- Trading Platforms: MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
- Minimum Deposit: $0
- Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 0.6 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 60 Lots
- Funding Currencies: USD, EUR, NGN, JPY
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.
- Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, and EA Trading.
- Stop Out Level (retail): 20%
- Margin Call Level: 50%
- Negative balance Protection: Yes
- Investor Protection: Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction.
HotForex Premium Account: Best for Beginners
Key Features of HotForex Pro Account:
- Applicable For: Applicable for all jurisdictions including FCA, DFSA, FSCA, FSA in Seychelles, CMA, CySEC
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
- Trading Instruments: over 500 markets, including Forex, Metals, Stocks, Bonds, Indices, Energies, Commodities, Cryptos, and ETFs
- Trading Platforms: MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
- Minimum Deposit: $0
- Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 1.2 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 60 Lots
- Funding Currencies: USD, EUR, NGN, JPY
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.
- Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, and EA Trading.
- Stop Out Level (retail): 20%
- Margin Call Level: 50%
- Negative balance Protection: Yes
- Investor Protection: Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction.
