System: hotforex Review
Description:
Type of Trading: Real
Broker: HotForex
Started: Feb 25, 2015
Views: 45
Tracking: 1 users
Currency Pairs: AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, XAUUSD
Overview: hotforex Review Myfxbook system has made +245% in 72 trades since Feb 25, 2015. The average winning trade is about341.40 pips / $55.77, and the average trade with a loss around -87.11 pips / -$26.74. Trades are left open on average for 6h 41m.
(18/41) 43% is the winning percentage of its buy trades and (11/31) 35% is the winning percentage of its sells.
(Mar 06) 3006.0 was the best trade it ever produced. (Sep 04) -277.0 was the worst.
Pros & Cons
Pros
- It doesn’t appear to be a scalper, which is good
- Drawdown has only reached 28.48, looking good so far!
Cons
There are a lot of assets to trade with this broker however as per my own trading experience with them it is good to trade majors which have lowest spreads. I haven’t tried MT5 which is recently added but with my hands on MT4 i am satisfied with their overall performance. The order processing is fast and the profits can be withdrawn easily without following them up. I believe they are good broker. My overall trade experience is more than two years.
hotforex is a well known broker, on a personal experience i only made 1 withdrawal in my 2 month love trading and processed with ease, i opted for a regular premium account with a decent smaller investment and i have no issues.
My overall six months live trading experience with this broker clearly satisfactory because i haven’t found out any glitches in their systems. Trading is fine with nice acceptable spread ratio. Payments are always processed on time. Limit orders met on time etc. I am happy with the services so far and i expect to continue the same level of services in future as well. Thank you!
good broker, total live trading is 6 months, so far so good. spreads are okay, i have seen smaller ones but i cant complain, the platform is stable and withdrawals are spot on
setting aside results of other traders (which will depend on the trader and his style of trading) hotforex is doing a great job providing the services they offer, very stable and have a very solid connection in terms of execution and speed of process. the company over all are very well known and have a very good reputation which they have earned over the years.
Hotforex is a good broker according to my personal experience trading gold and oil although oil outcome wasn’t in my favor yet i made more profits making long on gold and it did worked for the time. I had withdrawn the profit on the same week.
Can I trade Bitcoin with this broker? And how’s about deposit/withdraw through Bitcoin?
perfect broker, very good service and fast money transfer if needed, check regulations and its really solid. well done by hf broker
They offer btc trading and I believe btc withdrawals too through bitpay. I have not tried but its stated up to 3 working day, usually I use skrill with 24 hours.
Does this broker support bitcoin payment?
Bitcoin is traded too on hotforex website and they have bitpay i guess which can be used to pay bitcoins as deposit payments however i have not used bitcoin payment method so far but i think it might be the same as i have mentioned.
I scalp most my trades mostly on eurusd, so far so good, 2 months into it i have made 1 withdrawal and it was processed with no problems. I am currently try to incorporate EA trading, will update after I make som progress but to be honest i have no complaints and the broker does provide a good platform to trade the forex market.
Live trading done almost 5 months. major pairs have good spread. good volatility. hotforex is a bit strict with documents submitted and they explained it well so i gave the required documents and so far im glad with trading and they are 100% legit.
I have been trading with this broker from 2016 and withdrew several times. It’s quite prompt and no hassles during payment process, it’s reliable broker.
this broker is really good, im really happy with the trading environment. easy to deal with. they can be strict with documentation and thats a actually a good sign in my opinion. no probelme with withdrawals whatsoever
I started trading this broker last june, and made 3 withdrawals, recently i have been into btc and made a good profit and i was able to witdhraw it with ease. i can vouch for this broker its really good
I have micro account with them and i am trading for the last one year through hotforex with no complaints so far. They offer wide range of services and i am planning to go with their PAMM services as well. However my overall experience with them is good and i recommend them for giving a try.
I started trading in June 2015 with my best friend who recommended hotforex. Initially I traded demo account and once I started trade on live account i made few losses however i have covered them and now i am completely in profit. I usually trade during the london session and usually trade GBP. The spreads are low and I am very happy with the services. I really recommend giving them a try.