HotForex Real Account

1.

5 stars from 881 ratings

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Deriv offers competitive trading conditions such as STP execution, tight spreads, leverage of 1:1000 and a low minimum deposit.

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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.

4.4 stars from 468 ratings

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up to 50%

HotForex is a multi-regulated Forex broker with a low minimum deposit. They offer tight spreads on over 50 currency pairs.

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CFD service. Your capital is at risk.

72.83% of retail investor accounts lose money when trading CFDs with this provider.

You’ve taken that first step and want to open an account with HF Markets? Congratulations! After completing this important step, many HotForex real account types are available to you.

You may need some guidance as you embark on your first-ever trading journey. We are here to give you all the best support you need.

Here we will discuss getting started with a real account at HF Markets. A step-by-step tutorial will be provided with pictures to make it easier for you to follow.

Overview about HotForex

The company was founded in the year 2010. Among the four major regulatory authorities, which include the Cyprus Securities and Exchange Commission (CySEC) as well as Financial Conduct Authority (FCA), the DFSA and Financial Services Commission (FSCA), is considered to be the top-tier.

In addition to award-winning MetaTrader 4 and MetaTrader 5 trading platforms, it offers the two trading platforms to its clients.

More than 150 trading products and 17 trading tools are provided to help in the trading process. As a result, clients have complete access to the global financial markets.

Indexes, Metals, Energies, Shares, Bonds, Commodities, and Cryptocurrencies are some of these trading company’s services.

A $5 deposit is required to activate an account with the firm. The firm also offers a demo account. Traders can trade in several currencies, and the spread starts at 1.2 pips. Customer support is available 24/5.

With over 500,000 active accounts and several prestigious titles, the company has won several awards.

First things to consider in HF markets real account review

If you are considering opening an HF Markets real account, it would be a good idea to check that the following items have been addressed first:

1.   First, consider registering for a demo account

This is one good way to familiarise yourself with the broker’s trading platforms and their advanced features. You will only need a few minutes to open a HotForex demo account.

In addition, the demo account can be used for an unlimited time frame. You can use the demo account even after you start trading to test new trading strategies that you are thinking about implementing.

Overall, the HF Markets demo account serves as an excellent resource.

4.4 stars from 468 ratings

Review

up to 50%

HotForex is a multi-regulated Forex broker with a low minimum deposit. They offer tight spreads on over 50 currency pairs.

Sign upSign up

CFD service. Your capital is at risk.

72.83% of retail investor accounts lose money when trading CFDs with this provider.

1.   Preparation for opening the live account on HF Markets

There are a few things to verify and open an account with HF Markets. There are a few things to have ready to open any live trading account.

When you have these things ready, the verification process should go more quickly so you can begin trading as soon as possible.

• Proof of identity must be a valid and current passport.
• Ideally, you have to attach the utility bill from your registered address within the last three months.
• Your email address and contact number, which you can verify upon the broker’s request.

HF Markets will verify you more quickly if these few items are ready.

Where can I find HF markets?

We are a global broker at HF Markets. This means it’s available worldwide, with a few exceptions.

With few of the most stringent financial bodies globally, the broker is found to be extensively regulated and compliant worldwide. This group is approved by CySEC and FCA, FSCA, DFSA, and the SV (Saint Vincent). These four associations combine to be probably the most thoroughly regulated broker in the industry.

While HF Markets does not provide a complete list of unavailable countries, this information can be obtained from the customer support team in just a few minutes.

How many types of real accounts does HotForex offer?

As a global company governed by many bodies, accounts are sometimes available in different jurisdictions. You can also choose to register with certain broker branches.

HotForex and HF markets are two separate companies despite being owned by the same company. HF Markets is required under CySEC; otherwise, HotForex will be the better choice.

Based on your selected region, the chart below will identify which account types are available.

Broker

Rating

Regulated

Bonus

Min. Deposit

Max. Leverage

1.

5 stars from 881 ratings

Broker Verified

Review

MFSA, LFSA, VFSC, BVIFSC

Bonus Promotion

USD 5

1:1000

Review Sign up Sign up

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.

What currencies do you accept for trading?

HF Markets’ base currency varies depending on your location. Generally, you can select the USD or the EUR under most regulations, however. According to the country where you live, you may also have access to the following currencies:

• FCA accepts GBP
• NGN falls under SV
• FSCA accepts ZAR

How to open a real account on HF markets?

After covering the basics, we’ll now walk you through the process of opening a real account with HF Markets:

Step 1 – Completing all your details

The first step is to head to the homepage. For those working in Europe, this will be hfeu.com, while for those in SV regulation, this will be hotforex.com. This tutorial will focus on the EU-based site, letting you know that registering for a live account under both branches (HF Markets and HotForex) will be the same.

You can then enter your personal information by clicking “Open Live Account” on the top right of the page.

Step 2 –Finish the account profile on HF markets.

Next, enter some basic information about yourself. Your detailed profile will still need to be completed later.

You will see the following screen after completing this form and registering. The next step is to return to your email and click the link to complete your HF Markets account registration by verifying your account and accessing your dashboard.

To complete your full account profile, you will need to click on the highlighted area in your dashboard. This includes more detailed information about yourself as well as a quiz meant to assure CySEC and other regulators that you know enough about trading to operate.

Following this, you will be able to upload documents.

Step 3 – Upload all your documents for the verification

With just a few steps left, you will be able to open your real account at HF Markets. You should upload your identity document and address proof, which you may have already prepared.

Usually, verification is automatic once this is completed within a few minutes. HF Markets’ support team is always available if you need assistance.

Step 4 – Selecting a trading platform.

Click the platform’s icon once you return to your dashboard and have verified your account.

The HF Markets trading platform will now appear on the screen, and you can download it. In addition, the MT4 trading platform is available on the HotForex, with which you can make your trading experience a soothing one to continue.

Step 5 – Pending verification approval through email notification

After uploading your documents, HF Markets should verify your account within minutes. The processing time may vary depending on volume. You will receive an email notification once you have been fully confirmed.

Verifying HF markets real accounts faster

If you have already prepared the documents mentioned at the beginning of this article, it will certainly speed up the verification process.

With these items at hand, the whole process of setting up and verifying your account can be completed in less than 15 minutes, and you can begin trading immediately.

Why choose a Hotforex live/real trading account?

Gold trading at Hotforex has the lowest spread on the market, making it famous for precious metals trading. The spreads are competitive in the market and range from 1 to 1.5 pips for common currency pairs.

Rarely will you see a slippage in Hotforex? Sipperge is a notice that the market price has significantly changed relative to your input price. If the market is too volatile, separate is likely to occur.

Due to Hotforex’s powerful servers, there is no slippage when placing orders. Furthermore, since Asia is Hotforex’s main market, its customer service is excellent.

Various languages help you, including Chinese, Vietnamese, Thai, Korean, and Arabic.

Summarise, regardless of your operational strategy, fund level, or risk appetite. You can open a HotForex live account whether you want to open a Demo or a Real account; you need to take your chances.

Using HotForex to perform trades

There is no minimum trade amount with HotForex. Depending on your account type, the amount may vary. Likewise, the maximum trade that you can execute on HotForex is varied. You can expect very tight spreads with HotForex offering ECN and STP execution, so you’ll have better transparency over the price you’re paying.

Margin requirements vary, as they do with most brokers. The CFDs offered by HotForex are leveraged products. In this example, we describe ten times leverage.

The control of a much larger financial position lies in a small amount of money. As a result, you only tie up a thousand dollars, less than a tenth of your account’s value. In other words, you have leverage.

What will you get in the HotForex demo account?

HotForex (HF Markets ltd) offers demo accounts for clients interested in gaining some experience before trading.

Clients will trade in a virtual and risk-free environment through this demo account by using virtual funds deposited into their accounts upon creating the account.

HotForex (HF Markets ltd) offers a simple process for opening a demo account and supports MT5 and MT4 platforms.

Demo accounts with HotForex (HF Markets ltd) have the advantage of unlimited virtual funds available so that clients can carry out simulated trading with no limitations.

The client feels they are ready to trade with real capital and thinks they understand trading; they can open a Live account and begin trading on the real market. There is no need to invest real money in a demo account. It is just a roadmap for you to understand some basic techniques of trading successfully.

Related questions: FAQs

1.   What is the procedure for opening a real account on HotForex?

To open a new Demo Account, please log into your existing myHF area if you are an existing client. To open a demo account as a new client, you must first register a myHF account. After that, you can open a demo account.

2.   How long does HotForex take to verify documents?

The verifications department will check your documents within 48 hours. The deposit amount will be credited to the account upon the approval of your documents. Your myHF area will be fully activated then.

3.   Do you have a ZAR account at HotForex?

South African traders can use the ZAR account currency with Hotforex’s trading accounts. A Micro account requires a minimum deposit of R70.

4.   What is the withdrawal policy for HotForex?

If the withdrawal amount exceeds the initial deposit amount or the total deposits made with debit cards, we will not process it. However, if you withdraw more than your initial deposit or the total of all credit card deposits, the difference will be credited to your wire account.

5.   Can beginners use HotForex?

In addition, I recommend this to anyone looking for a broker to start trading with. This broker has been my broker of choice for quite some time. Their service has always been honest to me. It is good to note that HotForex offers a demo account and live webinars for enhancing trading skills.

Bottom line

HF Markets is a company that recognizes and promotes regulatory compliance as one of the most important aspects of the forex trading industry. As a trader, you can only benefit from such levels of regulation and compliance.

As a trader, you can be confident that the spread will be approximately the same wherever you are based. The HF Markets spread uniformly applied worldwide and by various regulatory bodies.

HotForex’s real account and its highly competitive spreads and fees are important indicators of how the broker values its traders. A strategy such as this has helped maintain HF Markets as one of the top forex brokers in the industry and will continue to do so.

Jason Morgan

Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 15+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.

Forex Content Writer | Market Analyst

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