HotForex Review in Qatar
HotForex is a reliable broker that complies with multiple international regulators in Europe, UK, and South Africa as a separate entity. It accepts Qataris Forex traders under HF Markets (SV) Ltd, which is organized in St. Vincent & the Grenadines as an International Business Company with registration number 22747 IBC 2015.
In trading with HotForex Qatar, you get several award-winning trading features such as HFCOPY, PAMM Account in addition to regular trading accounts. In the HFCOPY account, you can decide to copy the trades of the most consistent and profitable trader for a monthly fee. The PAMM account provides a chance to get your fund operated by a PAMM account manager. The PAMM account managers are by the HF team after careful analysis. So you get traders with a proven achievement like PAMM account manager.
You can also check Forex Brokers Review in Qatar page to learn about other reputed Forex Brokers in Qatar.
HotForex Account types – What are the types of accounts available with HotForex?
Islamic Account– In this type of account, there are no swap or rollover fees for holding the positions overnight. If you are the type of trader who follows the Islamic faith, then this type of account is definitely for you. These Islamic Accounts are Micro, Premium, Zero and Auto, and Zero Account types.
Micro Account – With a minimum deposit of $5, this type of account is known as the full-featured trading account. Micro Accounts offer MT4, MT5, WebTrader, and mobile trading platforms to the account holders. Traders can apply maximum leverage of 1:1000 while trading.
Premium Account – This account is intended for professional traders. It starts with a deposit of $100. The minimum spread is one pip on Premium Account with 1:500 leverage. All the trading platforms MT4, MT5, WebTrader, and Mobile, are accessible.
Zero Account – The minimum account opening deposit is $200. The Zero Accounts allow the minimum spread starting at 0 pips. Zero accounts can avail the maximum leverage of 1:500. MT4, WebTrader, and Mobile trading platforms are available for Zero Account holders.
Auto Account – Auto Account starts with a minimum of $200. It allows trading Automatically by subscribing to trading signals from the MQL5 website. It is for new traders and non-analytical traders. Only the MT4 platform can be used to adhere to the trading signals. Traders can subscribe to trading signals made into the HotForex MT4.
HF Copy account – This is one of the favorite features of HotForex Qatar. This account serves as an interface between ‘Strategy Providers’ (SPs) and ‘Followers.’ The Followers copy the trades from the Strategy Providers they pick. The follower has to pay a fee for following the Strategy Provider, and the fees are payable only if the Strategy Provider makes a profit in the Followers’ account. The MT4, WebTrader, and Mobile trading platforms are available. The trading instruments are limited to Forex pairs and Bitcoin. The HFcopy account starts with $100 for a Follower Account. The maximum leverage for the HFCopy account is 1:400.
PAMM Account – This type of account is a professionally managed account where the Account manager’s fund invests along with the investor’s fund. The account managers get a percentage of the profit generated for the investor. HF PAMM accounts have advanced real-time reporting and complete transparency of trading. You can choose more than one PAMM accounts to invest in increasing your risk.
Is HotForex legal in Qatar?
Yes, trading Forex with HotForex is legal in Qatar. You can rest guaranteed of the best execution price, transparent trading history, and one the excellent customer support. It offers several account types to choose from. You can open a Demo or Real Account with HotForex Qatar. You may also try to manage PAMM account or HFCopy account with HotForex Qatar.
HotForex – Is HotForex profitable?
It is not the Forex broker that makes you profitable, rather trading that brings you to profit or loss. HotForex provides you the Forex trading service in a secure and transparent environment. To become a successful trader, you must trade responsibly with proper risk management and market analysis.
HotForex – Is HotForex, a scam broker?
HotForex is not a scam broker. It is in Business for many years and fully registered in St. Vincent & the Grenadines as an International Business Company with registration number 22747 IBC 2015. It has thousands of traders from across the globe. HotForex is a trusted broker for Forex and CFD trading. It is known for its integrity and transparent trading environment.
HotForex Review 2020 Qatar
- Ten years of trading excellence
- Negative balance protection
- 35+ prestigious awards in the industry
- Multi-Asset Broker
- Premium trading tools
- Choose from six account types
- Islamic Forex account available
These are the few unique features offered by HotForex to Forex traders in Qatar. Traders can always open a free Demo trading account for learning and practice. Speak to your account manager for an Islamic Forex account or Swap Free Forex Account.