Best Forex Broker

Hotforex is a STP (Straight through Processor) broker which means your order is passed straight on to the liqudity providers and your bet is not hedged or manipulated like on using a market maker broker, this means no requotes, no price manipulation and the lowest spread from the interbank itself, Hotforex offers a ECN account for only $500 to open which provides spreads from only 0.6 on the major currency pairs. But with the 50% that will be doubled to $1000.

Regulated: Yes regulated by FSC of The Republic of Mauritius
Broker Type: STP Broker
Metatrader Support: Yes Metatrader 4 support on all accounts
Web Based Trading: Yes full web based trading is avaliable
Spreads: Variable spreads depending on the current currenex spread.
Bonus: 50% on all deposits
Minimum Account Size: $25
Minimum lot size: 0.01 micro lots

Pro’s

STP Broker
No Deposit or withdrawal fee’s
Instant execution
Tight spreads
No requotes

Cons

Can sometimes take over a second for order execution

Type of Hotforex Accounts

Micro

Trading platform: MetaTrader 4
Spreads: from 0.8 pips
Trading instruments: 25 Currency Pairs
Max leverage: 1:500
Minimum opening deposit: USD $5
Minimum trade size: 0.01 lot
Maximum total trade size: 5 lots
Margin Call / Stop out level: 40% / 10%
Commission: No

Standard

Trading platform: MetaTrader 4
Spreads: from 0.8 pips
Trading instruments: 25 Currency Pairs
Max leverage: 1:300
Minimum opening deposit: USD $500
Minimum trade size: 0.01 lot
Maximum total trade size: No Limit
Margin Call / Stop out level: 50% / 20%
Commission: No

Volume

Trading platform: MetaTrader 4
Spreads: from 0.3 pips
Trading instruments: 25 Currency Pairs
Max leverage: 1:300
Minimum opening deposit: USD $50,000
Minimum trade size: 0.5 lots
Maximum total trade size: No Limit
Margin Call / Stop out level: 50% / 20%
Commission: $3 per 100,000 USD Traded

Currenex

Trading platform: MetaTrader 4
Spreads: from 0.8 pips
Trading instruments: 25 Currency Pairs
Max leverage: 1:300
Minimum opening deposit: USD $500
Minimum trade size: 0.01 lot
Maximum total trade size: No Limit
Margin Call / Stop out level: 50% / 20%
Commission: $5 per 100,000 USD Traded

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