Hotforex

[taohai]

I heard hotforex had increased their leverage, is this true?

[CharlieB]

I just noticed the leverage for a micro account has been increased from 1:500 to 1:1000 !!!

[Siouxnice]

yes this is true, i've just been reading the company news page on their website, they have increased the leverage for the mico accounts to 1:1000, also the leverage for the premium and islamic accounts has increased from 1:300 to 1:400

[dedoctor]

I just hope hotforex does'nt spoil their name in the near future. Good customer care, nice deposit/withdrawal options...am using Liberty Reserve and have made 1 withdrawal from my little deposit. For me I think they are one of the best for now.

[rickyv101]

I am newbie for few months now.

I finally uses Hotforex as broker, I like them because they allow 0.01 lots size with low spread ( Currenex).
I tried couple broker which allow 0.01 lots size but their commision and spread are very bad.

Only one problem with Hotforex, I tried Demo server for awhile, Its data feed is fine but when I uses real server, It is not that case, When the market is busy, Their server disconnected/connect, I need to re-quote once awhile, Their spread is low on EURUSD close to ECN broker, not all pair low spread, I am trading with 9 pairs now.


For broker offer small lots 0.01, Hotforex is quite good, However, It allows only 1:300 margin which is too low for me.

It also offers 50% bonus for deposit.

If I play with bigger lots 0.1 size, I will go for FXopen, Its commision is 25% lower then HotForex with ECN lower spread as well on all pair plus I never get re-quote, Fxopen real server connection is better.

I did try Fxopen Cents account, It is really bad, Their quote price is very bad hardly moving, too much market maker involved, It is hard for me to make money.

Bank wiring money to HOTforex is very slow, 7Days, compare to FXopen which take 2 days, But Hotforex do not charge me $30 their bank wiring fee while FXopen charge me $30 for it. ( not my bank)

I am still quite new to Hotforex or FXopen, I need more time to know them well.

[taohai]

I think many micro accounts owners will be really happy for the new leverage after the increase.

[Vaibhav Sinha]

I am newbie for few months now.

I finally uses Hotforex as broker, I like them because they allow 0.01 lots size with low spread ( Currenex).
I tried couple broker which allow 0.01 lots size but their commision and spread are very bad.

Only one problem with Hotforex, I tried Demo server for awhile, Its data feed is fine but when I uses real server, It is not that case, When the market is busy, Their server disconnected/connect, I need to re-quote once awhile, Their spread is low on EURUSD close to ECN broker, not all pair low spread, I am trading with 9 pairs now.


For broker offer small lots 0.01, Hotforex is quite good, However, It allows only 1:300 margin which is too low for me.

It also offers 50% bonus for deposit.

If I play with bigger lots 0.1 size, I will go for FXopen, Its commision is 25% lower then HotForex with ECN lower spread as well on all pair plus I never get re-quote, Fxopen real server connection is better.

I did try Fxopen Cents account, It is really bad, Their quote price is very bad hardly moving, too much market maker involved, It is hard for me to make money.

Bank wiring money to HOTforex is very slow, 7Days, compare to FXopen which take 2 days, But Hotforex do not charge me $30 their bank wiring fee while FXopen charge me $30 for it. ( not my bank)

I am still quite new to Hotforex or FXopen, I need more time to know them well.

So How`s your experience with them so far ?

[rickyv101]

I have been using Hotforex for few months, They are fine.

It is a mistake that I didn't take their cashable 50% bonus, I took their non-cashable can-be-lose 15% bonus.

Well, It is hard to compare this broker to ECN broker, but it works fine with those danger grid martingale EA requires very small lots size, Forex ENvy, I put in about $15,000 and Now it is at $25,000 now, However, I closed up this Forex envy EA now and trying Other EA, TotalGrid but it doesn't perform well either in compare to running them on other brokers. ( It is hard to tell you but my EA do not product as much as money as it running on other broker but when market was very volatile, It was near margin call).

I am planing to take my money and move it to other broker which fits my EA better


I can not conclude that Hotforex good or bad but Just My EA do not run well with them.

[taohai]

Where do you host your EA? and how is your manual trading?

I have been using Hotforex for few months, They are fine.

It is a mistake that I didn't take their cashable 50% bonus, I took their non-cashable can-be-lose 15% bonus.

Well, It is hard to compare this broker to ECN broker, but it works fine with those danger grid martingale EA requires very small lots size, Forex ENvy, I put in about $15,000 and Now it is at $25,000 now, However, I closed up this Forex envy EA now and trying Other EA, TotalGrid but it doesn't perform well either in compare to running them on other brokers. ( It is hard to tell you but my EA do not product as much as money as it running on other broker but when market was very volatile, It was near margin call).

I am planing to take my money and move it to other broker which fits my EA better


I can not conclude that Hotforex good or bad but Just My EA do not run well with them.

[rickyv101]

Sorry this question should be ask in other area not broker area.

Manual trading take long time to learn, I am learning on side without real money. So far, I find that Support /Resistance work the best.

It is easier to pick an EA than manual trading, I used $378 Forex Envy power EA, Mt4 is not reliable platform, It used up lots of memory so I host it in my own computer , I can monitor it how it works better, believe or not, There are lots of small bugs there, It is not as simple as what I thought it is.