Hotforex tutorial

In the Micro account, we can trade currencies, indices, commodities, and CFDs. The minimum lot size that we will be able to trade with this type of account is 0. In the Premium account, we can trade currencies, indices, commodities, and CFDs. The maximum leverage for premium accounts is -Zero Spread Account: These types of accounts are ideal for traders who want to access the lowest spreads offered by the market, interbank type.

The spreads are from 0. The maximum leverage for premium accounts is As I say, these are the three basic accounts that we can find in HF Markets. The homepage layout may be slightly different depending on the branch. However, you will always be able to find the option to open a demo account. The HF Markets demo account registration form is slightly longer than the standard as it requires to enter more information than other brokers.

HF Markets here requires you to enter your basic personal information such as Name, Surname, Email Address, Phone Number together with your country of residence, and date of birth. Step 3: Verify your profile After the registration form you will be required to click on the activation link which will generate the information needed to log into the HF Markets dashboard. Go to your email account inbox and click on the link provided by HF Markets, you will be redirected to your trading account dashboard.

From here, you can set the features of your demo account including currency and leverage. Step 5: Login into the demo account Once the account is ready, HF Markets will provide a download link to the MetaTrader platform which is necessary to start trading with the specific login details.

You need to provide a valid phone number and email account. The demo account has an unlimited trial and you can open multiple demo accounts through your personal area. You can choose between the MT4 and the MT5 platform, as well as a mobile proprietary mobile platform.

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In the Micro account, we can trade currencies, indices, commodities, and CFDs. The minimum lot size that we will be able to trade with this type of account is 0. In the Premium account, we can trade currencies, indices, commodities, and CFDs. The maximum leverage for premium accounts is -Zero Spread Account: These types of accounts are ideal for traders who want to access the lowest spreads offered by the market, interbank type.

The spreads are from 0. The maximum leverage for premium accounts is As I say, these are the three basic accounts that we can find in HF Markets. You are expected to send scanned copies of these to Hot Forex for the verification of your identity. Withdrawal fees Withdrawing your funds from Hot Forex takes some time to get processed, and this can take a couple of days.

Whether or not a fee will be charged for your withdrawal depends on the withdrawal method or channel you are using. If you withdraw via bank transfer you will be charged some fees — and this can quite be exorbitant. Some other payment service providers can charge, even more, so make sure you get familiarized with their rules before you opt for them as your payment method with HotForex. However, if you have access to E-wallets like Neteller and WebMoney and use them as your withdrawal channels, you will not be charged any amount at all.

Risk warning: Your capital can be at risk The process of withdrawing funds Here, we will take you through the process of actually making withdrawals. However, it is felt that we cannot effectively talk about the withdrawal process without first discussing the processing of depositing funds in the first place.

The deposit process This process is the initial stage of trading forex. Transfer of funds to the HotForex broker is available after signing up for an account. The process is quite simple. You log into your HotForex trading account and go to the dashboard. There, you follow the prompts that lead to where you can make your deposits.

HotForex has an array of payment and deposit options including the following: Wire Transfer Bank Cards include debit and credit cards, especially those powered by card processors such as Visa and MasterCard. The choice of payment system you go for is always up to you as the trader. HotForex made these options open to everyone because client satisfaction is very important to them. Upon selecting the payment system, the next thing is for you to specify the amount you wish to have deposited into the account.

Next, you will be asked to fill in a simple form for the transfer of funds. The information that they will require you to fill out here will be dependent on the payment option you select. For instance, if you select the card payment for instance, MasterCard , the platform will require you to enter your card number, the expiry, and other information.

The transfer of funds occurs immediately. Moreover, the client is not charged any fees or additional payments, which happens with many other forex brokers. We must note that this is amongst the lowest you can find with forex brokers anywhere.

It gives traders the ability to try out trading while taking the littlest of risks. These restrictions are due to no fault of HotForex. It is a regulated broker.