To open a Demo account click here. The demo account allows you to trade risk free by providing you with access to HotForex's MT4 Trading Platform, and unlimited demo funds.
To open a Live account click here. The live account allows you to open an account with real money to start trading straight away. You simply choose the account type that best suits you, complete the online registration, submit your documents and you are set to go. We advise you to read the risk disclosure, customer agreement and terms of business before you start trading.
In both cases a myHotForex area will be open. MyHotForex area is your client area from where you can manage your demo accounts, your live accounts and your finances.
For Live accounts we need at least two documents to accept you as an individual client:
Proof of Identification - current (not expired) coloured scanned copy (in PDF or JPG format) of your passport. If no valid passport is available, please upload a similar identification document bearing your photo such as National ID card or Driving licence.
Proof of Address - a Bank Statement or Utility Bill. Please ensure however, that documents provided are not older than 6 months and that your name and physical address is clearly displayed.
Important Note: The name on the Proof of Identification document must match the name on the Proof of Address document.
You can conveniently upload your documents directly from your myHotForex area; alternatively you can also scan them and send them to firstname.lastname@example.org
Your documents will be checked by the verifications department within 48 hours. Kindly note, any deposits will be credited to the account only after your documents have been approved and your myHotForex area is fully activated.
You can withdrawn at any time from the funds that are surplus to any margin requirement. To request a withdrawal, simply login to myHotForex (your Client area) and select 'Withdraw'.Withdrawals submitted before 10:00am server time are processed on the same business day between 7:00am and 5:00pm server time.
Withdrawals submitted after 10:00am server time, will be processed on the following business day between 7:00am and 5:00pm server time.
To see all available withdrawal options, please click here
HotForex is a unified brand name of the HF Markets Group which encompasses the following entities:
HF Markets SA (PTY) Ltd is an authorised Financial Service Provider from the Financial Service Board in South Africa, with authorisation number 46632.
HF Markets (Europe) Ltd. licensed and regulated by the Cyprus Securities and Exchange Commission (CySec) with license number 183/12.
HF Markets (SV) Ltd incorporated in St. Vincent & the Grenadine as an International Broker Company with the registration number 22747 IBC 2015
HF Markets Ltd. regulated by the Financial Services Commission (FSC) of the Republic of Mauritius, category 1 Global Business No. C110008214 License | Company Reg. No. 094286/GBL
A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, then London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night. The market is open 24/5.
If you are buying currency, you are opening a 'long' position, if selling - 'short'. For example, if you buy 1 lot of EUR/USD, it means you open a long position for 100,000 of EUR against USD. And if you sell 10 lots of USD/CAD that means you open short position for 1 milion of USD versus CAD.
The most common risk management tools in Forex trading are the limit orders and the stop loss orders. A limit order places restriction on the maximum price to be paid or the minimum price to be received. A stop loss order sets a particular position to be automatically liquidated at a predetermined price in order to limit potential losses should the market move against an investor's position.
Currency traders make decisions using both technical factors and economic fundamentals. Technical traders use charts, trend lines, support and resistance levels, and numerous patterns and mathematical analysis to identify trading opportunities, whereas fundamentalists predict price movements by interpreting a wide variety of economic information, including news, government-issued indicators and reports, and even rumors. The most dramatic price movements, however, occur when unexpected events happen. The event can range from a Central Bank raising domestic interest rates to the outcome of a political election or even an act of war. Nonetheless, more often it is the expectation of an event that drives the market rather than the event itself.
If you're experiencing problems with your trades, or would like to edit an order over the telephone, please contact our execution team via phone. Please note that our trade execution team will only be able to edit or close existing trades only.
Please go to hotforex.com and select 'Live Chat'. One of our dedicated Support Agents will be able to answer any questions you may have. We offer 24/5 live support to all our clients. Alternatively, simply send an email to email@example.com.
Legal: HF Markets (SV) Ltd is incorporated in St. Vincent & the Grenadines as an International Broker Company with the registration number 22747 IBC 2015. The objects of the Company are all subject matters not forbidden by International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and Grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments.
The website www.hotforex.com/sv is operated by HF Markets (SV) Ltd
Risk Warning: Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice. Please read the full Risk Disclosure. HotForex does not accept clients from the U.S., Canada, Belgium, Sudan, Syria and North Korea.