I haven’t worked with them to say much but from whatever I heard, I believe they have very high minimum, so that makes it harder for newbies to begin. This is where we have to be very careful and select a broker offering comfortable stuff.
they do have a good steady execution of orders if you ask me, very rare requotes, spreads are manageable and above all i can safely say they continue to improve, recently being regulated by multiiple regulatory bodies all through out thhe globe depending on your location, but dont just take our experience per say, try them with a very minimal account test the trading conditions and compare, thats the best advice i can give, dont reply too much on demo we all know demo conditions are different. but over all they are good.
Good point raised. Too much time spent on demo does impact your risk-taking approach. You start to believe that easy and huge gains are possible on live and repeat the same mistakes.
yeah they are okay, and they have been around for quiet some times now. so far soo good. but always keep in mind the saying, not all eggs in one basket. we traders need to be extra cautious never the less.
Interested to know about the spreads and withdrawals. Would be great if you could share some of your experiences.
Oh, so do you mean we should split our funds with more brokers than relying on one? Is it feasible?
That's not only feasible, but a rather smart thing to do because swaps and spreads vary for different trading instruments among brokers. With a trading account at more than one, you can easily shop for better conditions for your specific planned trade.
Hi,
Recently i have deposited around $1100 to my HF account and till now i made good income with my manual trading and planning to deposit more but worried is it good to deposit more?
I always having these questions
Do Hotforex is true STP (A book) broker?
Is Money is safe with hotforex?
Can i withdraw anytime my profits or full amount?
Anyone is here who using Hotforex from years without any issues on withdrawal of there capital & profit?
Recently i have deposited around $1100 to my HF account and till now i made good income with my manual trading and planning to deposit more but worried is it good to deposit more?
I always having these questions
Do Hotforex is true STP (A book) broker?
Is Money is safe with hotforex?
Can i withdraw anytime my profits or full amount?
Anyone is here who using Hotforex from years without any issues on withdrawal of there capital & profit?
That depends on which company you have the trading account agreement signed with. If it's their Cypres, UK, or even South African company, then I guess you are pretty safe. If you are dealing with one of their offshore divisions, I wouldn't be too confident about safety.
It could probably still considered offshore for tax purposes, but from the point of view of Forex regulation, it's not for quite some time now - CySEC is under the ESMA umbrella and their regulation is on par with other EU countries.
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