Hotforex open live account

With the basics covered, it is time to follow our step by step guide in getting your HF markets live account off the ground: generally there are a variety of highlights we can select from HF markets live accounts.

Top-3 forex bonuses

HotForex Live Account Opening – Step by Step Tutorial and Review (2021), hotforex open live account.

The major one here though is the regulation and transparency with which they operate. This coupled with the very competitive fees and spreads are an important indicator of how much the broker values its traders. This is something which has worked and will continue to work in keeping HF markets as a top forex broker in the industry.

Hotforex live account opening – step by step tutorial and review (2021)

So, you have made the step forward and are considering opening a HF markets live account?

This important step is the gateway to many of the different hotforex account types which are available to you.

Like with any journey, perhaps you are in need of some helpful guidance. You are in the right place.

Here we will take a look at exactly how to get started with your HF markets live account. This will include pictures and a step by step tutorial to help you along with ease.

72.90% of retail CFD accounts lose money

HF markets live account review – things to consider first

Before you take the step and begin the process of opening your HF markets live account, it is worth double-checking that you have covered the following bases first:

Consider opening a HF markets demo account first

This is one great way of getting yourself acclimatized to the broker, their trading platforms, and how all of the features work.

The hotforex demo account opening is a very easy process and one which should only take you a few minutes.

Added to that, the demo account itself is available to use for an unlimited period of time. This means that even when you start trading for real, you can still refer to your demo account to test out potential trading strategies you are thinking of implementing.

All round, the HF markets demo account functions as a top quality resource.

Things you should prepare before opening a HF markets live account

There are always a few things which are helpful to have ready for HF markets verification and account opening. The same applies to the opening of any live trading account pretty much.

Having these things ready should help save you time of the verification process so you can start trading as soon as possible.

Valid and in date passport for proof of identity.

A utility bill with your registered address ideally within the last 3 months and dated.

An email address and telephone number that you can verify when required.

Having these few items ready should be of good benefit and see you get started quickly through the HF markets verification process.

Where is HF markets available?

HF markets is a global broker. In essence, this means that with a few exceptions, it is available around the world.

The broker is extensively regulated and compliant around the world with some of the most stringent financial bodies in the sector. These include cysec, FCA, FSCA, DFSA, and SV (saint vincent). This collection makes it one of the most thoroughly regulated brokers in business.

Although the broker does not feature a full list of unavailable countries, this is easy to obtain within just a few minutes from the HF markets customer support team.

Accounts available

As such a global company regulated by a wide variety of bodies, available accounts do sometimes differ depending upon jurisdiction. Another variable is under which broker branch you register with. Hotforex and HF markets, despite being the same broker, are 2 different entities. Under cysec you will have to register with HF markets, otherwise hotforex will be the choice for you. The below chart should identify exactly which account types are available in your selected region.

Base currencies

Again, the HF markets base currency does vary depending on your location. With that said, the USD is usually always available to select, and the EUR too is available under most regulations. The other currencies available depend on the country in which you live, and include the following:

GBP is accepted under FCA

NGN is accepted under SV

ZAR is accepted under FSCA

All of this means that no matter where you are located, you should find something to fit your needs at HF markets.

72.90% of retail CFD accounts lose money

HF markets live account opening tutorial

With the basics covered, it is time to follow our step by step guide in getting your HF markets live account off the ground:

Step 1 – completing your personal information

The first step is to head to the homepage. This will be hfeu.Com if you are within europe, or still hotforex.Com if you are working under SV regulation. For the purpose of this tutorial we will proceed with the EU-based site, letting you know that the live account opening process will be basically the same under both branches (HF markets and hotforex).

From here, simply click “open live account” on the top right as shown below and proceed to entering your personal information.

Step 2 – completing your HF markets live account profile

The next step is to enter some basic personal information as shown below. You will still need to complete your detailed profile a little later.

Once you have completed this form and registered, you will see the next screen as detailed below. From there, you should proceed back to your email and click the link to verify your account and access your account dashboard in order to complete your HF markets registration.

Once in your dashboard, you will see the screen below. Here you should click on the highlighted area to complete your full account profile. This includes slightly more detailed personal information and an appropriateness quiz to satisfy cysec and other regulators that you know enough to trade.

Once this is completed, you will then be directed to the document upload area.

Step 3 – uploading your documents to verify your HF markets live account

You are almost there with the process of opening your HF markets live account. Just upload an image file of your identity and address proof that you may have prepared earlier. The screen should be just like the image below:

Once this is done, verification is usually automatic within the space of minutes. If you do have any problems you can always contact the HF markets support team.

Step 4 – choose your trading platform

Once verified and back at your dashboard, you can click the platforms icon as highlighted here:

This will bring up the screen below and allow you to download your selected HF markets trading platform.

Step 5 – verification pending: your HF markets live account is almost ready

Verification of your HF markets account should be complete within minutes of uploading your documents. Depending upon volume though, it could take just a little longer. In any case, when you are fully confirmed, you will receive and email notification to let you know.

Verifying your HF markets live account faster

HF markets verification is already speedy, of course though, if you have prepared the documents mentioned at the start of this piece, it will certainly help you along.

With these items to hand, the entire process from start to verification can be complete in as little as 10-15 minutes and you can be completely live and trading on your new account.

72.90% of retail CFD accounts lose money

Our opinions on HF markets live account

Now that you have seen how easy it can be to open a HF markets live account in a step by step manner, here are a few of our objective expert opinions on the broker and why they may be suitable for you to trade with:

Advantages of live trading at HF markets

Regulation is something which is always of key importance in the forex trading industry and this is something which HF markets recognizes and provides for in abundance. This amount of regulation and compliance can only act in your favor as a trader.

The uniformity with which the HF markets spread is applied across the world and various regulatory bodies also ensures that as a trader, you can have the assurance of knowing approximately what the spread will be, regardless of your base.

Added to that is the additional benefit of HF markets bonuses, contests, and loyalty programs which are all accessible to traders working under SV and FSCA regulation.

Highlights of HF markets as a broker

Generally there are a variety of highlights we can select from HF markets live accounts. The major one here though is the regulation and transparency with which they operate. This coupled with the very competitive fees and spreads are an important indicator of how much the broker values its traders. This is something which has worked and will continue to work in keeping HF markets as a top forex broker in the industry.

72.90% of retail CFD accounts lose money

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Legal: HF markets (SV) ltd is incorporated in st. Vincent & the grenadines as an international business 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 is owned and operated by HF markets group of companies, which include:

HF markets (SV) ltd with registered address suite 305, griffith corporate centre, P.O. Box 1510, beachmont kingstown, st. Vincent and the grenadines.

HF markets (europe) ltd with registered address spyrou kyprianou 50, irida 3 tower 10th floor, larnaca 6057, cyprus.

HF markets SA (PTY) ltd with registered address katherine & west suite 18 second floor 114 west street sandton, johannesburg 2031.

HF markets (seychelles) ltd with registered address room 107, orion complex. PO box 1228, victoria mahe, republic of seychelles.

HF markets fintech services ltd with registered address spyrou kyprianou 50, irida 3 tower 10th floor, larnaca 6057, cyprus.

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.

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.

Regional restrictions: HF markets (SV) ltd does not provide services to residents of the USA, canada, sudan, syria, north korea.

WHAT HOTFOREX TRADING ACCOUNT SHOULD YOU OPEN?

Hotforex is a very popular broker in the forex world. This is due to the number of offers and resources it offers. In addition, until today it has maintained a good reputation in the broker market. However, miracles are hard to come by; as such, hotforex live account won’t do anything unless you take the right choices.

For more information about this broker, check out our articles about hotforex review full 2020.

What hotforex live account should you open?

The money does not grow in trees unless you plant a seed. It is always necessary to keep the nest egg in movement in order to increase it day by day, one of the best ways to do it is running in the stock. Somebody will always say “that is for great businessmen who know the market”, but that’s where they are wrong. Even the greatest businessman use brokers to know where to put the money, and why not do so if, for a “small” commission, they put you on the right path. If your goal is to invest in cfds and you are just beginning your journey through the world of finance, there’s no doubt that hiring the services of a broker is the best option as this will guide you through the first steps of the investment and will help to discern between a successful decision and one that can lead to economic losses. Of course, remember that there are risks and money can always be lost.

The big challenge is not deciding whether or not to use a broker, but which of all available in the market is the most convenient since many of these sites lend themselves to scams that end with the theft of hundreds of dollars of people. As we said in the beginning, hotforex has been positioning in the broker market as a reliable option and the different types of hotforex trading account have made it recommendable for most traders.

Hotforex is adjusted to the needs of clients, with different characteristics depending on the investment, the benefits, and the market risk that the client is willing to assume. There are eight different types of hotforex accounts with different trading conditions.

So, what hotforex live account should you open? Is the real question to be considered for this opportunity. In order to determine the best option for investing your money in the currency market with hotforex, its accounts will be numbered for a better understanding of them. So let’s start from the beginning. And I'm talking about hotforex real accounts, not hotforex demo account.

Hotforex micro account

The hotforex micro accounts are for small individual investors, who do not have much knowledge of the swings in the currency market and who want to make minimal investments.

Check more detail micro account here

This hotforex account require a minimum deposit of five dollars and have variable differentials of 1 pip, allows the client a maximum leverage of 1:1000 and a maximum of 150 accounts of this type open simultaneously. In addition, the micro account does not charge commissions and is managed with the trading platforms metatrader 4 and webtrade.

Hotforex zero account

This type of hotforex account requires an investment greater than $100 and a variable difference of zero pips, the maximum leverage in this case is 1:200 and can handle from 60 to 500 accounts of this type according to certain conditions.

Check more detail zero spread account here

Hotforex PAMM account

This is the hotforex PAMM account that follows the zero in order of investment, since it requires a minimum deposit of $250, with a maximum leverage of 1:300. The differentials of the pamm account are of the variable type and of at least 1 pip in forex and something more in other assets. It allows a maximum of 350 open orders simultaneously.

Hotforex premium account

Hotforex offers this type of hotforex accounts for clients who feel more confident regarding the investment of cfds in forex, stocks, and commodities since the minimum deposit is $500. Like the micro account, the spreads are variable, starting at 1 pip. It offers a maximum leverage of 1:400.

Check more detail premium account here

It can handle up to 300 premium accounts simultaneously, and it mainly uses the metatrader 4 and webtrader as its trading platforms and does not charge commissions per client.

Hotforex currenex account

Like the premium option, this hotforex account requires a minimum investment of $500, with a maximum leverage of 1:400, with differentials of the variable type and 0.2 pips minimum, allowing a maximum of 350 open orders.

Hotforex fixed account

This is an hotfores account for experienced investors, designed for traders looking for fixed spreads beyond market conditions. This account requires $500 as a minimum investment and a maximum leverage of 1:400. The difference, in this case, is that the spreads are fixed, and allows a maximum of 300 open accounts.

Check more detail fixed account here

Hotforex auto account

This is a special hotforex account, designed to offer traders with a trading system of any kind, selecting suppliers through the metatrader 4 and webtrader platforms, as well as through mobile apps in an automated way, hence its name. The minimum deposit for this account is also $500, with a maximum leverage of 1:400, and variable spreads of 1 pip. It allows a maximum amount of 300 open orders simultaneously.

Check more detail auto account here

Hotforex VIP account

This type of hotforex account is for large investors who are not afraid to deposit large amounts of money in exchange for even greater profits, but always with a considerable market risk.

Check more detail VIP account here

In this case, a minimum investment of $20,000 is required, with spreads from 0.2 pips, and a maximum leverage of 1: 300. This type of account works on different trading platforms such as metatrader 4, webtrader and mobile trading, with a maximum of 400 simultaneous transactions. With the VIP hotforex accounts, $6 commission is charged per a standard lot of purchase or sale but allows the client three private consultations of thirty minutes with the hotforex senior analyst, stuart cowel, who has more than 25 years of experience in the industry.

Hotforex hfcopy account

Hfcopy is a great tool that allows traders to come together to try and master the market. Individuals can create trading strategies, act as strategy providers, or copy transactions as investor without actually trading or keeping a close watch on market fluctuations.

Minimum deposit: $500 for strategy provider and $100 for follower

Maximum leverage: 1:400

Spread: from 1 pip

Maximum orders at once: 300 orders

Check more detail hfcopy account here

Hotforex advantages

Hotforex is the most security forex broker. In 2019, hotforex is regulated and controlled by the four most reputatious organizations including FCA from the UK, DFSA from dubai, FSCA from south africa and FSA from australia. It means that hotforex focus on many markets such as africa, asia and europe. Its core value is to provide customers the most comfortable experience when trading with hotforex.

Hotforex is famous for precious metals trading as its spread for gold trading is the lowest in the market. For common currency pair, the spreads are from 1 to 1.5 pips which are competitive in the market. It is hardly ever to see a slipperage in hotforex. (sipperge is known as a notification that the market price is considerably changed in comparison with your input price. Sipparage often occurs when there are too many volatilities in the market.)

With hotforex, there is no slipperage because it has the most powerful servers to accomplish your orders within a second. Hotforex has excellent customer care services in asia because it is hotforex’s main market. You can be supported with 24 hours services and available in many languages such as chinese, vietnamese, thai, korean and arabic.

In conclusion, whatever your operational strategy, your level of funds, or your appetite for risk are. Whether if you are thinking about opening a demo or a real account there will be a hotforex live account that fits your needs, you just need to take your chances. So, the cards have been served on the table, make your move and win, then withdraw your profit with hotforex withdrawal system.

Peter pan

Hey, I’m peter pan. I am a writer currently resided in thailand. For my forex experience, I have been trading with many forex brokers from all over the world for 5 years now. I hope that my articles about forex brokers can help you succeed in this market just like me.

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WHICH HOTFOREX LIVE ACCOUNT IS THE BEST FOR YOU?

Hotforex is the up and coming forex broker in the world. Trading with hotforex is a good choice as we have discussed before. However, when you decide to open a real account at hotforex, it may be a little bit shocking that hotforex has up to 6 different types of real account. So how can you know which one is for you? We’re here to help. The following is the analysis of which hotforex live account is suitable for your trading style and level.

Hotforex live account for beginners

The hotforex micro account is the most suitable for those who are just starting to trade forex and lack experience as well as knowledge. The minimum deposit of this account is only $5, the lowest of all hotforex live accounts. This rate is quite low when compared to other brokers, whose minimum deposits are ranged from 7 to 10 dollars. For the main currency pairs, the spread is around 1 pip. The minimum trading volume is only 0.01 lot. This is the standard rate for small accounts like this.

Our advice is that you should deposit at least $50 because for 0.01 lot, you can lower your losing rate. For example, if you lose 1 dollar (100 lots) of the 5 dollar deposit, you have lost 20% of your fund. But with $50, you only lose 2%. The risk management key point is to never lose more than 2% of your equity. So the less you deposit, the more risky it is.

Hotforex live account for semi-pro or experienced traders

The hotforex premium account is the one for traders with experiences but don’t trade very often and don’t have much money. The trading conditions of this account are fairly good as well. Spread for the most common currency pairs is just around 1 pip. The minimum deposit is $500. Hotforex has strong servers, which help make your executions instant. Most hotforex traders choose this account.

Hotforex live account for professional traders

Let’s fold our cards here. In order to consider forex trading a career and make sustainable income from it, you have to have at least $50,000 as fund. All professionals agree with this. According to the investment principles of forex trading, you can never let your loss rate exceed 2%, which means you can only make 2 or 3% profit maximum monthly. So, if you want to earn $1000 to $1500 a month, you have to have at least $50,000 first. If you follow the principles strictly and don’t be greedy, you will have a sustainable income and you can consider forex trading your full-time job.

The hotforex VIP account is for traders like that. This account has super low spread, only from 0.3 pip. The commission is $6 for each completed lot and you have to trade at least 0.1 lot.

Hotforex live account for news traders

For those who trade according to the daily news, they would prefer hotforex fixed spread account. The reason is that whenever there is news, the price fluctuates greatly so that the spread rises or falls dozens of pips at a time. Therefore, a fixed-spread account is the most suitable in these situations.

Hotforex zero spread account

Although its name is zero spread, this hotforex live account still has spread, but it is very low, almost nothing. When trading, you only have to pay $8 as commission for each completed lot. This commission is very low when compared to the zero spread accounts of other brokers like FBS ($20) or fxpro ($45). This account is the most suitable for when the market fluctuates significantly.

Hotforex PAMM account

This is the hotforex PAMM account that follows the zero in order of investment, since it requires a minimum deposit of $250, with a maximum leverage of 1:300. The differentials of the PAMM account are of the variable type and of at least 1 pip in forex and something more in other assets. It allows a maximum of 350 open orders simultaneously.

If you’re still not confident whether you should trade with hotforex, check out the expert traders’ opinions about this broker in the hotforex review. There, you will find how the top professional traders in the industry think about this broker.

Conclusion

You just viewed the 6 types of accounts from hotforex. I hope that you have found the most suitable hotforex live account for your trading strategies and goals in this market.

Mario draghi

Hey, I’m mario draghi. I’m a writer currently resided in thailand. For my forex experience, I have been working with brokers and trading for 5 years. Hope that you'll enjoy my articles about all forex-related matters.

South asian airlines are about to launch blockhain payment

WHICH HOTFOREX LIVE ACCOUNT IS THE BEST FOR YOU?

Hotforex live account for beginners

Hotforex live account for semi-pro or experienced traders

Hotforex live account for professional traders

The hotforex VIP account is for traders like that. This account has super low spread, only from 0.3 pip. The commission is $6 for each completed lot and you have to trade at least 0.1 lot.

Hotforex live account for news traders

Hotforex zero spread account

Hotforex PAMM account

This is the hotforex PAMM account that follows the zero in order of investment, since it requires a minimum deposit of $250, with a maximum leverage of 1:300. The differentials of the PAMM account are of the variable type and of at least 1 pip in forex and something more in other assets. It allows a maximum of 350 open orders simultaneously.

Conclusion

You just viewed the 6 types of accounts from hotforex. I hope that you have found the most suitable hotforex live account for your trading strategies and goals in this market.

Mario draghi

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Brokertop10

Review about broker forex

WHICH HOTFOREX LIVE ACCOUNT IS THE BEST FOR YOU?

By nicolas juan

WHICH HOTFOREX LIVE ACCOUNT IS THE BEST FOR YOU?

Hotforex was voted as one of the five biggest brokers in 2020, since its establishment until now it has always grown strongly and gained the trust of the most fastidious traders.

Why should you choose hotforex live account to trade?

More hotforex review: here

Reliability of hotforex live account

Operating licenses: hotforex has many operating licenses aimed at expanding its market to different countries and continents. Licenses are granted by prestigious agencies of the world such as cysec, FSC, FSCA and FCA …

Established :established in 2010, growing stronger and trusted by our customers. Over 10 years of construction, the company’s growth has achieved more than 35 prestigious awards awarded by the industry

Financial transparency: the company’s used capital is clearly separated from the client’s account, independent audit system is assessed, controlled by deloitle auditing agency, one of 4 auditing agencies. The world’s largest scale and revenue.

Account protection policy for customers: according to the regulations of cysec, FCA in the event of a risk problem, the broker must compensate its customers according to their regulations of 20,000 – 50,000 EUR according to each case separately.

Customer support policy: training professional staff, the ability to advise customers in many different languages, 24/7 customer support in the forms of online chat, phone calls, email …

Before open an account hotforex to trade ! You should read more :

Which hotforex live account should you open?

As I clarified above, hotforex is constantly understanding its customers, so they have issued 8 different types of accounts, with different characteristics, different trading conditions, to match revenue. Entry, investment, trading style of traders. So, which type of account do you fit into? What type of hotforex account should you open? Based on my personal experience of trading for nearly 10 years in the foreign exchange market, I will give you some pointers.

Hotforex micro account

Hotforex micro is an account suitable for those who are just starting to trade forex, not much experience. For this type of account, you only need 5usd to start trading, find out the actual market. Low spread: from 1 pip to EURUSD, minimum transaction of 0.01 lot. This type of account has the highest leverage of hotforex, with a leverage ratio of 1: 1000, especially the broker does not charge commission of this account type and can trade on both MT4 and MT5 software. . Customers can also open up to 150 such accounts at the same time.
This type of account is best suited for less experienced clients who want to invest and traders who want to test the broker.

More details on hotforex micro account

Hotforex premium account

For experienced traders who do not regularly trade, this is the most suitable type of account. The trading conditions of this account are also very good when the speard fee is only 1 pip, attractive leverage of 1: 500. Market execution speed is fast, no commissions are charged. Premium accounts use the metatrader 4 platform as well as webtrader and any other available trading platforms.

More details on hotforex premium account.

Hotforex zero spread account

This type of account is suitable for professional traders, especially suitable for traders who prefer surfing trading style, when the market fluctuates sharply. Speard fees are low from 0 pips, with leverage of 1: 500. Minimum deposit is 200 usd, this is also the only account type of hotforex that has commission fee ranging from 6 – 8 usd / lot, but compared to other brokers, this commission level is also very competitive. Trading platforms: metatrader 4, webtrader and mobile trading.

Hotforex auto account

This is a hotforex account type for its clients beginners or experienced traders who want to trade in a copy-style, hotforex auto account holders use signals installed by hotforex on system terminals. MT4. There will be 2 forms for copying: free or paid from MQL5 communities.
For this type of account, the minimum deposit is 200 USD, the difference of speard from 1pip, trading leverage is 1: 500, especially without commissions and other hidden fees. Minimum order lot number: 0.01 lot. Based on trading platforms: metatrader 4, webtrader and mobile.

More details on hotforex auto account.

Hotforex PAMM account

This account is understood as a type of account that mobilizes capital to invest, managed by a professional trader. Everyone when trading will be considered an investor, contributing capital to a pamm account, the pamm manager will use that capital with his own capital to trade. Profits or losses are divided equally between investors and pamm owners based on the agreed capital contribution percentage from the beginning.
The initial margin for investing is 250 usd with a leverage of 1: 300, the difference of speard from 1 pip. The hotforex PAMM account will give you everything you need to easily manage your money.

Conclusion

So that, you just viewed the 6 types of accounts from hotforex live account. I hope that you have found the most suitable hotforex live account for your trading strategies and goals in this market.

Hotforex open live account

Is my country amongst the eligible countries allowed to open a forex account with the broker?

Does the broker allow payment options available in my country's financial institution? Can I make withdrawals with the withdrawal options being adopted by the broker?

What are the fees required to deposit and withdraw from the broker and its custodian bank?

The checklist above is the first thing to consider before deciding to open a live account with a broker.

For now we’ll assume you must have decided on the broker you intend to open a live account with.

The steps below on how to open a live account can be applied to other forex brokers.

Step 1. What kind of account should I open?

Opening a live account. There are three major ki nds of forex accounts available by all brokers. I’ll explain them to help you know, which account is appropriate for you.

This type of account is best for beginners in forex. It is ideal for participants who have low capital to trade forex. Very little risk is involved due to the micro nature of the account. The common leverage size is about 400:1, with a minimum of $100 opening balance.

This account is meant for traders with significant high capital than the micro account. Experience in forex is a criteria to successfully trade with an account of this nature. The leverage involved here has a higher impact than the micro account. Most brokers usually request a minimum of $2,000 or $5,000 or as much as $10,000 to $50,000 to open a standard account. The common leverage size is about 100:1 with 100,000 trade size.

A mini account is an account appropriate for both beginners and experts in forex. It has the capacity to control one tenth of a standard account (i.E. $10,000). It has a common leverage size of 200:1 with $500 or higher opening balance and 10,000 trade size.

It is important to note that the lot size varies according to each forex broker. Apart from these common types of account, there are proprietary forex account designed with unique features, and specific services.

Step 2: the required documents

It is very important to know the broker's required documentations. It would be a waste of time to fill the live account form and get to the documentation stage only to learn that a particular document cannot be produced or is not available in your locality or country.

The basic documentation most brokers would require are:

Proof of legal identification. Your national driver’s license or international passport are the best for this.

Proof of legal address. House rent receipts, and utility bills stating your house address are acceptable.

Bank statement. Not all brokers require this except for further verification purpose or alternatives.

Utility bill receipt. Some brokers require this to further verify your legal identity and proof of social responsibility.

Step 3: the live account form (individual account)

The following details are usually required to be filled in the live account form online or offline.

Personal information: ensure that the information you state here matches with the details in your bank account. Information required here are the applicant's title, first name, middle name, last name, date of birth, e.T.C.

Contact information: your email address, country, phone number, city, street name, postal zip code, e.T.C.

Investor information: currency type, net worth outside your personal income, your annual income, employment status, your industry, e.T.C. Brokers require this information to advise you and indemnify themselves in case you do not meet the financial requirements to invest in forex.

Trading knowledge: your experience level in forex, cfds, options, futures, stocks, e.T.C. Brokers use this information for advisory purpose.

You might be required to download a form containing risk disclaimer notice and other conditions of service or agreements for your signatory. After signing the form, scan it and email it back to the broker. This form serves as a consent form by the applicant indemnifying the broker.

All other documents should be scanned and sent to the broker as well. The broker will screen your applica tion, and the documents submitted. You will be informed if your application is successful or not. If your application is successful, a confirmation message stating details of how to fund your account would be sent to you.

DEPOSITING FUNDS INTO THE LIVE ACCOUNT

The steps here vary from country to country but the principles are the same. The steps can be applied for other banks in other countries. We’ll assume you havealready downloaded the trading platform. The trading platform before now should be on a demo account or blank if it’s a new one. You don’t need to download another trading platform for a live account if you already have a demo account from the broker. When your application gets approved, you will be given details of the live server ip address and login details.

Step 4: identify which deposit option is preferable for you.

Each deposit option comes with its attendant fees and hurdles. Some options are faster, some are costlier than others, while some are more secure. The credit card option is currently being banned by some financial regulatory agencies as a deposit option. I personally will not recommend it. The bank wire option still remains the best and secured option to deposit and withdraw funds from your forex account.

Step 5: open a foreign account (domiciliary account)

This is required for wire transfer into the broker’s bank where your trading account would be credited from. If you already have one then skip this step.

Domiciliary account is an account that holds international currency usually in dollars, pounds, or euro. It allows you to make international transactions from your home country. You need to have a current account before you can open a domiciliary account.

The major requirements needed to open a domiciliary account are:

Duly completed application form .

Copies of acceptable means of identification (driver's license, international passport, national I.D card, and any other acceptable identification document deemed fit by the bank) passport photograph.

Two (2) duly completed and suitable reference forms.

Utility bill issued within the last 3 months.

The account must be funded with the minimum deposit in the foreign currency to activate it for use.

Step 6: get the required deposit currency

Most forex brokers adopt the universal currency for deposits, which is the US dollar. Other currency deposits like pounds or euro is also accepted. You need to convert your local fund (i.E. The funds you intend to deposit into your live account) into the deposit currency. You have to get the latest exchange rates before going to the currency market (i.E banks or bureau-de-change) else you might be short changed. The total bank charge i.E your local bank’s fee and the broker’s bank fee should be added to the total amount you intend to purchase from the currency market for deposit into your live account. Most traders make the mistake of transferring only the capital needed to trade forex but later get lower figures in their live account because the banks would have taken their fees before crediting their forex account. So inquire from the broker about the fees that will be deducted from the total deposit. Also inquire from your local bank about the necessary fees required to make a transfer.

Step 6: get the broker’s bank account details (wire transfer)

This should have been sent to you after confirmation of your application. I strongly recommend you request for the broker’s bank account details from the broker’s account department. Take the account details to your bank and use it to fill the foreign transfer account form.

Wire transfer takes less than one (1) working business week or more to get credited to your trading account.

For further guidance feel free to contact us.

Hotforex demo account - opening tutorial and review (2021)

Opening a HF markets demo account is a very natural and simple process to consider when you are thinking of trading through any of the hotforex account types in the future.

Also known as hotforex, HF markets is a top forex broker, and one with many options when it comes to trading, and you check our hotforex review to find them all if you wish.

If you are considering opening a HF markets live account, then a forex demo account can be a really great learning experience for you.

Luckily, we have prepared this complete tutorial, including images for you to follow when opening your HF markets account. This should help ensure the smoothest process possible.

72.90% of retail CFD accounts lose money

HF markets demo account opening tutorial

Taking the first steps to opening your HF markets demo account are really quite easy. Nevertheless, this can be genuinely confusing or daunting for some. This is especially true if you have never traded before, not even on a forex trading demo account.

In that case, relax and follow our step by step tutorial of opening a HF markets demo account.

Step 1 – getting started with your HF markets demo account

The very first step in getting your HF markets demo account up and running is to head on over to the home page. The address here will differ slightly depending on the focus of your trading.

If you are EU-based and trading under cysec regulation, then you will head over to the HF EU site. This is where we will primarily focus our attention, however HF markets and hotforex share the same demo account opening process. If you are not based within the EU, or you don’t know under which regulation you’re in, there’s nothing to worry about: this broker, once you try to access to their website, automatically redirects you to the right branch.

Once you have reached the homepage, as shown below, simply click on the demo button as highlighted in the top right corner.

From there, you will navigate through one information page where you should select if you are a new or existing client. You are then ready for the next step.

Step 2 – fill in registration form

The HF markets demo account registration form is slightly longer than some other top forex brokers in that you should enter your basic personal information together with your country of residence, date of birth, and which regulatory body you fall under. This is still all relatively simple and you should be sure to enter a verifiable email address and telephone number to make sure you can get started.

Once you have filled this form, actually you are almost there to having your HF markets demo account open and ready to trade.

Step 3 – HF markets demo account – what documents/information do you need?

As this is still your demo account, you will not require any documents to be verified in order to get started, although if you are thinking about opening a HF markets live account soon, it does not hurt to prepare ahead of time!

What you will need to do is verify the email address you used to sign up. Clicking on the activation link here as described below, will generate the information you need to log into your HF markets dashboard and trade with your demo account.

Step 4 – confirm the account via email/telephone

As mentioned above, your email will have to be verified. Simply go to your inbox and click on the link in the email you received. It is completely safe and an example is shown below.

Once you have done this, you will be automatically logged into your dashboard and a new ID and password generated for you.

The only thing to be careful of in this step is to make sure you also check your junk email folder when receiving the confirmation email as they can sometimes become stuck there.

Your very first login to your demo account should happen automatically when you click the activation link in your email. From here, your next stop will be your account dashboard.

Once you have reached your account dashboard, simply click on “open demo account” one more time from the taskbar above under “my accounts”. Once you have done this, you should see the following confirmation page which also includes a link to download your MT4 platform, and your trading platform login information.

Step 6 – choosing your HF markets demo account platform

HF markets is a metatrader broker, and although they do also operate their own multiterminal, the only platform of choice for you as a HF markets demo account holder is to download the MT4 trading platform.

A link will be provided for you to conveniently do this as shown above.

72.90% of retail CFD accounts lose money

HF markets demo account review

Now that you have hopefully succeeded in getting your HF markets demo account up and running, let’s analyze a few of the more detailed points related to the account itself, while you can check our hotforex broker review for a more general guide on this player.

What types of HF markets demo account are available?

With HF markets, there is typically no restriction on the type of demo account which you can operate. This means that you can usually select between all of the available account types when choosing your demo account.

This selection will only differ depending upon your regulatory area, with the options available through cysec and FCA will be slightly different from what you can access through world markets.

HF markets demo account features, restrictions and differences with live account

Luckily, both hotforex and HF markets live accounts provides for all of the same benefits as a live account. The demo account is basically an identical replica of what you can expect from the HF markets live account.

Unlike some other brokers, the demo account also comes as unlimited. You can continue to use up to 3 demo accounts for as long as you please. These provide the ideal access to $100,000 virtual funds to hone your trading skills on MT4. If you are based under the regulation of cysec (europe), FCA (UK), SV (saint vincent), or FSCA (south africa), you will have the additional freedom to trade with MT5.

The major difference of course, as with any demo forex trading account, is slippage. This can sometimes occur, particularly during busy or volatile market periods of live trading. These cannot be simulated through a demo account, and so, this is the only small difference to look out for.

Advantages of trading with an HF markets demo account

Of course, we should take a moment to consider the many benefits which come attached to trading with a HF markets demo account.

The first and most obvious benefit is the fact that you are trading without risk. You are also doing this under conditions which exactly replicate the real-life, live account situations. This experience can be invaluable in helping improve your trading skills, and getting to know what works and what doesn’t when trading forex.

With both MT4 and MT5 (in most cases) available, and without limitation for up to 3 demo accounts, you also have a fantastic opportunity to learn all about these great platforms. They can also be used to continually test any of your strategies prior to implementation with a live account. This is something which could also save you both time and money.

72.90% of retail CFD accounts lose money

HF markets demo account management

The final element related to HF demo account opening which we will cover is how to manage certain situations which may occur during the running of your account once it is open.

Expiring time

This is not generally something which you need to worry a great deal about since the demo account is unlimited in terms of how long you can leave it open and trading. The issue may occur though if your demo account is open and inactive.

After 29 days of no trading activity on your demo account, it will be closed without notification.

Restoring expired demo accounts

Again, restoring your HF markets demo account is not something you typically need to worry about due to the fact that the period of operation is unlimited.

As mentioned above, if it happens that you pass 29 days without trading, your demo account will be closed. Unfortunately if this happens, there is also no way to restore your previous demo account, although you can open up to 3 separate demo accounts at any one time.

Finally, as happens to all of us from time to time, if you lose any of your login details such as HF markets password, the best thing which you can do is contact the HF markets support team. They are always available to help.

72.90% of retail CFD accounts lose money

Live account opening

Live accounts, unlike demo, cannot be opened straight from the platform. They can only be opened by brokerage companies under certain terms and conditions. However, a real account request can be easily sent to a broker from the trading platform.

Tap on on the account management page. Select "open a real account".

You will need to fill in a simple form, similar to the one used for demo accounts, and to additionally attach two documents to confirm your identity and address. A preliminary account will be opened for you on the broker's server, with a zero balance and a disabled trading option.

Soon after opening the preliminary account, a representative of the brokerage company will contact you to finish the real account opening procedure. After that the preliminary account is converted to the real one, and you can start trading from it.

Select a server

At this stage, you need to select a server (a brokerage firm), on which the live account will be opened. By default, the list does not display all available servers.

In order to find the server of your broker, start typing its name into the search bar.

To select a found server, tap on its line.

Personal details and documents

Enter your valid personal information:

Name – your full name.

Phone – contact phone number in an international format. For example, +74951234567.

E-mail – e-mail address, for example: "john@smith.Com".

Below you should attach photos of your documents to verify your identity and address.

The main identity verification document is a passport. A brokerage company may also accept other documents, such as a driver's license.

For address confirmation, you may use you bank account statement or current utility bill. The documents must contain your full name and address.

All photos must be readable and clear. Make sure your documents are fully visible.

To attach a document, click on the corresponding line. Then choose the attachment method:

Camera – open a camera to take a picture of the document. Before sending, you can view the image or take a new photo if necessary.

File – upload an image from the smartphone memory. Only the images that you select will be used.

Then tap "open account" at the bottom of the window.

Your personal details and documents will be sent to a broker via the internal email. Once you complete account registration, the appropriate outgoing email will be available in your mailbox.

The newly created preliminary account will be connected after registration. You will also receive an email with the login, the main and investor passwords of the created account.

Soon after account registration, a representative of the brokerage company will contact you.

So, let's see, what we have: follow our tutorial to open your HF markets live account and discover all the things you can do with it, the accounts, types and a review. Open it now. At hotforex open live account