HotForex is committed to providing its clients with the best trading conditions it can. To this end we now offer 9 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, VIP, FIX, Islamic , Currenex 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.
The two Islamic account types available replicate the HotForex Micro and Standard accounts but do not involve swap or rollover charges for holding positions overnight.
Islamic Account Details
|Trading Platform:||MetaTrader 4, Webtrader and Mobile Trading|
|Spreads:||From 1 pip|
|Trading Instruments:||Forex, Indices, Commodities and Share CFDs|
|Minimum opening deposit:||USD $150|
|Minimum trade size:||0.01 lot|
|Trade size increment:||0.01|
|Maximum Total Trade Size:||60 Standard lots|
|Maximum Simultaneous Open Orders:||300|
|Margin Call / Stop out level:||50% / 20% (*)|
|Account Currency:||USD, EUR|
|MYFX Platform||FREE (for deposits over 2000USD)|
|Raw bonus:||Flexible Bonus Offerings|
- The Micro Account is available as Swap Free for clients following the Muslim Faith.
- A Carry charge is applied on selected currency pairs when holding overnight positions beyond a 7-day period. Please refer to our Terms and Conditions for details.
*If the 100% bonus option is selected all positions are stopped out when equity goes below the level of the bonus if the Bonus Volume requirement has not been completed.
**Leverage will be adjusted to 1:100 in case the equity in the account is over $400,000*CFDs and forex are leveraged products that carry a high degree of risk to your capital and it is possible to lose more than your initial investment and account balance. You should only speculate with money that you can afford to lose. These investments may not be suitable for all investors; therefore, please ensure that you fully understand the risks involved and seek independent advice if necessary prior to entering into such transactions.
Please also read the HotForex FSC Disclaimer.