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Hotforex Broker Review 2021

Hotforex broker is one of those brokers that allow traders to trade in multi types of assets. That is why it has something different that attracts people. 

Hotforex broker is one of those brokers who are nowadays under the radar of rumor spreaders. So, many people are hearing Hotforex that it is a scam and is a fraud. But is it all true? Well, rumors are not fake every time. Sometimes, they are proven t be true. 

So, let’s see whether this time is with Hotforex or against it in this Hotforex broker review 2021:

What is Hotforex? (An Overview)

Hotforex is a trademark name of HF Markets, and it is mostly known for providing trading opportunities outside Europe. This multinational trading company was established in 2010. Since then, it has been one of the best with option of 7 account types for traders. 

  • Tip: A broker with more options in accounts means that it is there to serve people and not steal their money. In short, there is extremely little chance of that broker being a scammer or fraudster.  

Some Numbers of Hotforex

There are some facts about Hotforex in numbers that are saved as a record:

  • Hotforex says that they have over 1,500,000 live trading account.
  • Globally, 200 employees are working to facilitate people while trading different instruments.
  • Hotforex provides options of 27 languages worldwide so that traders can avail of them in case of any problem in customer support and random calls.

Regulations of Hotforex Broker (Is it Legit?)

Hotforex is one of those multi-assets brokers that are regulated in more than three countries. And Hotforex broker is regulated in six different countries. But the most famous hubs of trading and finance in the world where it is regulated are:

  • CySEC in Cyprus.
  • FCA in the UK. 
  • FSCA in South Africa
  • DIFC in UAE (especially Dubai).

Regulation in one of the biggest asset trading markets means that you can trade with Hotforex in almost every region of the world.

If you have thought that Hotforex is a scam or fraud, then you were wrong. You have to change your opinion about Hotforex because reality is in front of you. 

If you still feel that there can be a risk in your invested money (that you should feel), then you can check from FSCA official website that whether it is legally brokering or not.

How to Open Demo Account? (Conclusion)

If you do not believe in anyone but yourself, then Hotforex offers you a Demo account. It is created so that you can try a complete trading experience with Hotforex without paying a single penny.

Before opening an account, you have to decide which platform you want MT4 or MT5, because this broker gives both.

Step by Step Procedure

  • Go to Hotforex broker official website.
  • Then go to the demo account sign-up page.
  • Enter your personal information like name, country, and email.
  • Now, register with myHF after giving your information.
  • Now, the account will be approved, and then you can work on it.
  • If you want, you can take their tutorial for working on the demo account as well. You can read more about minimum deposit for xm.
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