How many accounts in Hotforex?

How many accounts in Hotforex?

Hotforex Trading Accounts specifications

Read how to open the Hotforex account. Hotforex has covered most of the financial markets by providing different trading accounts. This is part of offering a diverse product portfolio because everyone has his preference, and the company is trying to accommodate various user needs by providing various trading platforms. To open an account, you will be required to deposit a minimum of $5, whereas the maximum leverage is 1:1000. Trading accounts types are :

Demo account

Any account which you open with a hotforex market allows for a demo account. The good thing with such a statement is that it is not limited to trial period; hence you can have up to 3 accounts. You will have access to real trading conditions under the MT4 trading platform. Read how to open the Hotforex demo account and hotforex live account.

Micro account

This account is available to traders in FSCA, SV, CYSEC areas. The leverage depends on your area. For instance, a limit of 1:1000 is for those who are under FSCA and SV, while those in the EU will have a limit of 1:30. Trading platforms may also differ depending on the area.MT5 is accessible to FSCA and SV.

Zero account

Every trader that has a zero account on the hotforex market will benefit from the variable spread, which begins with 0 pips. It has no markups, and it is available under FCA, DFSA, CYSEC, and FSCA.EU holds leverage of 1:30, and those under DFSA are 1:50. For FSCA and SV, the zero accounts have the advantage of 1:500.

VIP account

This is similar to zero accounts but is gas more benefits. It is available for those trading under DFSA. The good thing with this account is that you can contact your hotforex manager directly. However, you will be required to deposit up to $20,000 though it has no markups, and the variable spread starts at 0 pips. The maximum leverage is 1:50.

Auto account

This account is available for both FSCA and SV regulations. With this account, you can access leverage of up to 1:500. The availability of the trading platforms also depends on your location.

Fixed Account

This account was available to SV traders with fixed traders, whereby it required a minimum of $500 deposit. Its leverage is up to 1:400 (none EU clients). However, this type of account is no longer available.

Islamic account

For this account, if any position is held overnight, swap or rollover fees are not charged. This option is available in Auto, Micro, Premium and Zero accounts

HF Copy Account

To some extent, the HF Copy account is something between a pamm account and an auto account. Here, there can be both providers and receivers. For example, providers will be selling their trading signals, and receivers will be interested in copying/buying others’ trades. As a provider, the minimum initial deposit amount is $500, and it’s $100 for a receiver. Here, the max leverage is 1:400. This account is allowed to trade on the following instruments: Bitcoin, Forex, and Gold.

Thank you for rating.