In any kind of trading Broker plays important role, without broker we can't even trade so selection of broker is very important thing.
In Forex Industry there are number of brokers who provide very good service in all aspects. If we start Counting the brokers in the industry and list them the the list will be very huge, in that list we have to select the best forex broker according to our conditions. We have to review everything that broker and their conditions for deposit, withdrawals and minimum amount for Account opening, execution speed swap,etc.
Hot Forex :
In My opinion Hot Forex is the best broker in the world. So many reasons can be quoted for saying hotforex as best FOREX broker.
HOTFOREX received so many industry awards, which make us think about it, the institutions which announces the best broker award every year will scrutinize every broker in every angle like customer service, Quote speed, Deposit. Withdrawals, etc,. Hotforex continuously received best award from the year of its inception.
HOTFOREX is best in every aspect.
Account Opening
è The Minimum Account balance needed to open account is 5$ even though there are so many brokers who give minimum account with 1$ deposit there are not that much trusted.
è So, Hotforex being best in industry provides 5$ minimum account so that so many people can open account who can’t afford to invest lot of money.
Deposit Bonus
è Hotforex offers good bonus along with deposit they tend to change the amount bonus and rules to get bonus from time to time
èThe same thing as previously mentioned though there so many brokers who provide more bonus compared to hotforex but those brokers can’t be trusted
Withdraw
èTill now there is no problem with withdraw. I got my withdrawal within the time period they mentioned.
èProcess for withdraw also takes very less time.
Spread
èHotforex may not provide lowest spread in the market but offers good spread rates
èFor currenex account holders the spread is very low less that 1 PIP but they will take commission for every trade
Other Scenarios
èECN accounts hotforex provides Currenex accounts which is ECN account one can trade directly through inter bank rates.
èHotForex Provides good swap rates which does’t effect your account that much
èHotforex trade execution speed/quoting speed is very fast
Even though it is not best in all aspects comparing with other brokers who provide low spreads, high leverages , no swap accounts but those brokers are not that much trustable for deposit.
Finally being top in the industry and providing good service for every small and big customer/trader is what made hotforex BEST IN INDUSTRY.
