HotForex Minimum Deposit

HotForex-Minimum-Deposit
1.
4.8 stars from 530 ratings

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Blackstone Futures is a truly local FSCA regulated broker with offices in Rosebank Johannesburg. Enjoy same-day withdrawals.
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2.
4.7 stars from 503 ratings

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Markets.com providers a unique trading experience for forex and stock traders alike. They are a global multi-regulated CFD broker regulated in SA.
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Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
3.
4.6 stars from 301 ratings

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With 107 currency pairs, Exness provides leading coverage. Exness has a maximum leverage of 1:2000 and a low minimum deposit.
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

Are you aware that HotForex minimum deposit amount for activating a live trading account for trading purposes is just $5? However, few reliable sources find a fully comprehensive list of HotForex minimum deposits in the international and local trading markets. Moreover, HotForex offers a variety of account types to its traders for gaining practical trading experience.

But, each type of account at HotForex has its unique trading conditions, HotForex minimum deposit, commission, fees, margin and leverage. In addition, the following is a complete review of this forex Brokerage Company and information regarding HotForex minimum deposit.

About HotForex

HotForex is an international broker which offers Forex and CFD trading services all over the world. Currently, there are more than 180 countries where the HotForex minimum deposit is available. Usually, the traders of Asia, Africa, Europe and Latin America operate in these markets.

HotForex has its headquarters in Mauritius, and its other offices are operating in St Vincent, Cyprus, Seychelles, Grenadines and Johannesburg (South Africa). Moreover, several reputable regulatory agencies authorize HotForex. So, the regulated agencies are Dubai Financial Services Authority, Financial Conduct Authority, the Financial Sector Conduct Authority of South Africa and the Financial Services Authority of Seychelles.

What is the HotForex minimum deposit?

HotForex requires a minimum deposit of $5 to open an account. At the same time, the minimum deposit amount varies according to the type of account you choose and your location or residence. This type of situation is true for specific types of accounts, such as HotForex premium accounts.

Generally, there are no fees associated with deposits at HotForex.

Additional information

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Broker
Rating
Regulated
Bonus
Min. Deposit
Max. Leverage
1.
Blackstone Futures Broker Review
4.8 stars from 530 ratings

Broker Verified

FSCA

up to 30%

USD 100

1:400

Review Visit Site Visit Site
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
2.
Markets.com Broker Review
4.7 stars from 503 ratings

Broker Verified

FCA, ASIC, CySEC, FSCA, BVIFSC

up to 50%

USD 100

1:300

Review Visit Site Visit Site
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
3.
Exness Broker Review
4.6 stars from 301 ratings

Broker Verified

SFSA, FSC (BVI), CBCS, FSCA, FSC (Mauritius)

up to 10%

USD 10

1:2000

Review Visit Site Visit Site
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
4.
Tickmill Broker Review
4.5 stars from 333 ratings

Broker Verified

CySEC, FCA, FSA, FSCA, LFSA

N/A

USD 100

1:500

Review Visit Site Visit Site
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
  • HotForex minimum deposit is $5.
  • It offers multiple payment methods.
  • HotForex minimum deposit varies according to the type of account such as minimum deposit of micro account is $5, a premium account is 0, zero spread account is $200, the auto account is $200, PAMM account is $250, and HFCOPY is $500 for strategy provide or $100 for the follower.

HotForex account types and minimum deposit

Traders at HotForex choose several types of accounts, just like most quality brokers who have multiple account types. Each type of account has its features and perks. Usually, what differentiates them is the minimum amount that can be deposited in each account type.

Generally, HotForex divides the accounts into two main types: the Demo account and the live account. The demo account does not charge any deposit fees to sign up. At the same time, a live account requires a deposit fee to start the trading account.

Under the category of live account, there are five types of accounts available at HotForex. Following are the types of accounts:

HotForex micro account

HotForex micro account is a great choice for beginners for starting trading. However, FCSA and S.V. currently regulate the HotForex micro account. In addition, traders from South Africa can open an account with a minimum deposit of $5 or 70 ZAR if they are residents of the U.S.

Also, trading at HotForex is convenient because it allows micro lots for trading at a minimum deposit. This entity also offers Islamic micro accounts on request.

HotForex zero account

HotForex and H.F markets offer zero accounts under various regulatory agencies, including CySEC, SV, FCA, FCSA and DFSA. However, in this type of account, low spreads are combined with slightly higher commissions. However, a minimum deposit of 200 USD, GBP EUR, and 2800 ZAR are required to open a trading account.

And it also provides an Islamic account on request.

HotForex VIP account

There is only one difference between the HotForex VIP account and zero accounts, which is the difference in the region. DFSA regulation authorizes this account, and as a bonus, the manager will be available to you. Generally, this type of account requires a minimum deposit of $20000 or 74000 AED.

Also, upon request, the Islamic account will be available for the traders.

HotForex auto account

HotForex auto account is only available at HotForex broker. However, FSCA and S.V. regulate and supervise the HotForex auto account. In addition, it allows auto trading and connects traders with the MQL5 community to find and follow signal providers.

It requires a minimum deposit of 200 USD or EUR and 2800 ZAR within South Africa. However, an Islamic trading account is available for anyone who requests it.

HotForex copy account

HotForex offers you to utilize its copy account as either a trader who copies stocks or a signal provider who provides signals. This type of account is under the regulation of CySEC and S.V. It requires a minimum deposit of 1000 EUR or 500 USD according to the trader’s location for signal providers.

A copy trader requires a minimum deposit of 300 EUR or 100 USD depending upon the broker’s branch for starting trading.

HotForex PAMM account

To qualify for a HotForex PAMM account, you must be a premium account holder and deposit at least $250 to the HotForex entity. Additionally, you can only open this account only if you are under the regulation of S.V. jurisdiction.

HotForex premium account

HotForex offers its HotForex premium account in several areas, and traders can open this account only with a minimum deposit of 100 EUR, USD or GBP. According to DFSA regulation, the minimum deposit in South Africa should be 1400 ZAR while it is 400 AED in UAE.

HotForex premium pro

HotForex premium pro is under the regulation of CySEC, SV, FCA, DFSA and FSCA. However, traders can only open this account with a minimum deposit of 500 EUR, USD or GBP and 400 USD if you are a resident of the U.K. under the regulation of FCA. Whereas 2000 AED is also acceptable with DFSA regulation.

HotForex payment methods

Depositing funds in your HotForex trading account can be done by several payment methods at HotForex. Therefore, it is quite commendable that the HotForex broker offers several payment options to the trader. In addition, diverse payment options allow traders to overcome the limitations imposed by countries that do not allow certain payment channels.

Deposits and payments can be made in various ways at the HotForex, including:

  • Bank wire
  • Credit cards
  • Litecoin
  • Ripple
  • Neteller
  • VLoad
  • UnionPay
  • Bitpay
  • Ethereum
  • Fasapay
  • Skrill
  • WebMoney

HotForex pros and cons

Pros

  • It requires a minimum deposit of $5 on its micro account.
  • It offers unlimited trials to its traders.
  • It offers free deposit and withdrawal.
  • It offers low spreads with a very low commission.
  • It has a good copy trading proprietary platform.

Cons

  • It requires a different minimum deposit from European clients.
  • The HotForex broker may close your account in an inactive period of 30 days.
  • Its services vary depending upon the area.
  • In HotForex accounts, the minimum deposit is raised.
  • It does not have social trading features.

Bottom line

Now you know about the minimum deposit amount at the HotForex account. Also, you can start your trading at CFD and Forex through the HotForex platform. However, millions of active traders are utilizing HotForex services on its platform regularly.

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