HotForex UAE - HotForex Dubai ReviewHotForex is UAE regulated Broker - It complies with Dubai Financial Services Authority (DFSA)
- Islamic Account – Yes
- Copy Trading – Yes
- Complies with UAE Regulators – Yes
- Free Demo Account – Yes
- Free Education and Webinars – Yes
HotForex Review UAE – HotForex is a regulated broker
HotForex is a regulated broker in the UAE. It complies with the Dubai Financial Services Authority (DFSA). After acquiring the Dubai Financial Services Authority (DFSA) regulation, HotForex Dubai has become one of the leading Forex Broker in the UAE. In addition to DFSA, Dubai, Hot Forex also complies with several other regulators in Europe, UK, and South Africa.
While trading with HotForex UAE, you get several award-winning trading features like HFCOPY, PAMM Account in addition to regular trading accounts. In an HFCOPY account, you can choose to copy the trades of a consistently profitable trader for a monthly fee. The PAMM account gives you an opportunity to get your fund managed by a PAMM account manager. The PAMM account managers are by HF team after thorough analysis. So you get traders with proven performance as PAMM account manager.
HotForex Account types – What are the types of accounts available with HotForex?
Islamic Account- There is no Swap fees or rollover fees in an Islamic Account for holding positions overnight. The traders following Islamic faith prefer this type of accounts. These Islamic Accounts are available as Micro, Premium, Zero and Auto, and Zero Account types.
Micro Account – These are the full-featured trading account starting with a minimum deposit of $5. 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 – Premium Accounts are designed for professional traders. It starts with an account opening deposit is $100. The minimum spread is one pip on Premium Account with 1:500 leverage. All the trading platforms MT4, MT5, WebTrader, and Mobile are available.
Zero Account – The Zero Accounts offer the minimum spread starting at 0 pips. The minimum account opening deposit is $200. Zero accounts can avail the maximum leverage of 1:500. MT4, WebTrader, and Mobile trading platforms are available for Zero Account holders.
Auto Account – The Auto Account offers an opportunity to trade Automatically by subscribing to trading signals from MQL5 website. It is suited 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 built into the HotForex MT4. Auto Account starts with a minimum of $200.
HF Copy account – This is one of the favorite features of HotForex UAE. This account acts as an interface between ‘Strategy Providers’ (SPs) and ‘Followers.’ The Followers copy the trades from the Strategy Providers they select. The follower has to pay a fee for following the Strategy Provider, and the fees are payable only if the Strategy Provider generates profit in the Followers’ account. The MT4, WebTrader, and Mobile trading platform 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 HFCopy account is 1:400.
PAMM Account – HotForex PAMM accounts are professionally managed account where the Account manager’s fund invested along with investor’s fund. The account managers get a share of the profit generated for the investor. HF PAMM accounts have advanced real-time reporting and complete transparency of trading. You can select more than one PAMM accounts to invest in diversifying your risk.
Why should you select HotForex for Forex trading in UAE?
- Several account types to choose from – Islamic Account, Zero Account, HFCopy Account, PAMM account
- HotForex is a UAE regulated broker and complies with the Dubai Financial Services Authority (DFSA)
- Low trading expenditures compared to other brokers – Low Spreads
- Fast and reliable trading platform available for PC, MAC, Mobile phones and web browsers
- As a HotForex client, you get access to premium educational materials and free webinars
You can learn to use several indicators and strategies from the webinars conducted by industry experts. And use them in your trading to be a profitable Forex trader in UAE.
Is HotForex legal in UAE? Is Hot Forex regulated in UAE?
Yes, Forex trading with HotForex is absolutely legal in Dubai and the UAE. HotForex Dubai is a UAE regulated broker. HotForex has recently registered with the Dubai Financial Services Authority (DFSA) under license number F004885. Hence, it is an approved Forex broker in the UAE. You can trade safely with HotForex in UAE. It offers you several account types to choose from.
HotForex DIFC / HotForex Dubai Yes, you have heard it right, HotForex now complies with UAE regulators. HotForex has recently got registered with DIFC as HF Markets, its parent holding company. This has increased the credibility of HotForex Dubai as a prestigious Forex broker in the region. Its dedicated Arabic support and local phone support has made account opening and verification process easier. Now you can open a Demo or Real Account with HotForex Dubai. Start trading in a managed PAMM account or HFCopy account with HotForex UAE.
HotForex – Is HotForex profitable?
Well, it is a too silly question to ask. It is not the Forex broker who makes you profitable. Rather, it is your trading that brings you profit or loss. HotForex or any other Forex broker just provide you the Forex trading service in a safe 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?
No, it is not a scam broker. HotForex has registered with DFSA, a UAE financial regulator. HotForex is in Business for several years. It has thousands of traders from all over the world. The traders from all over the world trade with HotForex with trust. HotForex is known for its trustworthiness and transparent trading environments.