HotForex Account Types Comparison: What Trading Account should I Choose?

HotForex Account Types Comparison: What Trading Account should I Choose?


How many Account Types in Hotforex

HotForex is committed to providing its clients with the best trading conditions possible. To this end we now offer 6 different accounts to suit the specific requirements of different traders.

Whether you are looking to open a Demo or Live account, through the Micro, Premium, Islamic or Auto Account you will find the complete flexibility to trade at the level you want. Whatever your trading strategy, level of funding or appetite for risk, from micro to unlimited trade sizes, there is an account to match your needs.


HotForex offers a wide variety of account types, all with highly competitive and distinct trading conditions, specifically designed to meet the needs and demands of all types of traders.


Quick View - Account Types
 
Account Type: Micro Premium Zero Spread Auto PAMM (Premium) HFcopy
Trading Platforms: MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading MetaTrader 4, Webtrader and Mobile Trading MetaTrader 4, Webtrader and Mobile Trading MetaTrader 4, Webtrader and Mobile Trading
Spreads Types: Variable Variable Variable Variable Variable Variable
Spreads Pips: From 1 pip From 1 pip From 0 on Forex From 1 pip From 1 pip From 1 pip
Trading Instruments: All Available All Available All Available All Available Forex, Indices Spot, Commodities, Shares Forex, Indices Spot, Gold
Minimum Deposit: $5 $100 $200 $200 $250 $500 for Strategy Provider, $100 for Follower
Minimum trade size (Lots): 0.01 Lot 0.01 Lot 0.01 LOTS (1,000 units of base currency) 0.01 Lot 0.01 Lot 0.01 Lot
Fifth Decimal:          
Maximum Leverage: 1:1000 * 1:500 * 0,388888889 1:500 * 0,25 0,319444444
Market Execution:            
Trade size increment: 0.01 0.01 0.01 0.01 0.01 0.01
Maximum Total Trade Size (Lots): 7 Standard lots 60 Standard lots per position 60 Standard lots per position 60 Standard lots per position No Limit 60 Standard lots per position
Max Simultaneous Open Orders: 150 300 500 300 500 300
Margin Call: 40% 50% 50% 50% 50% 50%
Stop Out Level: 10% 20% 20% 20% 20% 20%
Personal Account Manager:            
Telephone Trading:            
Account Currency: USD, EUR, NGN USD, EUR, NGN USD, EUR, NGN USD, EUR USD USD
Commission for forex pairs:            
Flexible Bonus Offerings:            
Personalised Service:            


* Leverage may be adjusted in case the equity in the account is over $300,000.

If you have any questions regarding our trading accounts or would like to discuss opening an account with someone from our customer support team, please contact us directly via email, live chat, or by telephone on +44-2030978571.

NOTE: Custom Accounts can be offered in some cases. For further details contact your Account Manager.

Please note that there is a limit to the number of trading accounts a client can open on HotForex MT4 and MT5 trading platforms.

Micro

Designed for traders new to the Forex market and those trading smaller volumes, the HotForex Micro account allows investors to trade smaller trade sizes and open an account with a lower initial deposit than a Classic account all from the powerful MetaTrader 4, MetaTrader 5 platforms.


Premium

The Premium Account accommodates the experienced retail traders. A key feature is the flexibility in position sizing. The limit for a single trade size is 60 lots. There is a minimum trade size of 0.01 lot and the trade size increment remains flexible at 0.01. The Premium Account uses the MetaTrader4, MetaTrader 5 platforms as well as the Webtrader and any of the available mobile trading platforms.


Zero Spread

With a minimum opening deposit of just USD 200, the HotForex ZERO Spread Account is an accessible, low-cost trading solution that is suitable for all traders, but is particularly useful for scalpers, high-volume traders and those who trade with Expert Advisors (EAs).

As a HotForex ZERO Spread account holder, you will receive RAW, Super-Tight Spreads from leading liquidity providers with NO hidden markups! The account offers a highly transparent commission-based structure and commissions start at a low USD 0.03 per 1K lot.

 

Auto

The HotForex Auto Account opens the worlds financial markets to even novice investors by giving them the opportunity to subscribe to free and paid Trading Signals from the MQL5 Community, which is built-in to the HotForex MT4 trading terminal. Investors can automatically copy the signals of any Signal Provider with paid Signals being subject to a one month performance verification period.

HotForex Auto Account clients can subscribe to Signals via the MetaTrader 4 Platform.

Pamm(Premium)

As a HotForex PAMM Manager you have a choice of opening a Premium or Premium Plus Account. Review the table below to decide which account best suits your trading objectives.

Premium

Premium Plus

Trading Platform

MetaTrader 4

 
 

Spreads

             From 1.1 pip

             From 0.3 pips

Trading Instruments

Forex - Metals - Oil - Indices

 
 

Fifth Decimal

 
 

Max leverage

1:300

 
 

Execution

Market Execution

 
 

Minimum opening deposit

USD $250

 
 

Minimum trade size

0.01 lot

 
 

Trade size increment

0.01

 
 

Maximum Simultaneous Open Orders

                   500

                   500

Margin Call / Stop out level

             50% / 20%

             50% / 20%

Telephone Trading

 
 

Account Currency

USD

 
 

Commission

                   No

$5.00 per 100,000 USD
traded ($10 round turn)


HFcopy Account

The HFcopy Account is available to both Strategy Providers (SPs) and Followers who have joined HFcopy. SPs can open an HFcopy Account aiming to build their inventory of Followers and trade in exchange of a Performance Fee, as high as 50%. Followers, on the other hand, by opening an account will be able to deposit funds and start copying the trades of their selected SPs.
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