HotTrades – your reliable broker for online trading
HotTrades provides all the necessary tools for a successful start in the world of online trading. The organization Glastrox Trade Ltd., operating in accordance with the laws of the Marshall Islands, is the owner of the company.
The broker pays special attention to security, claiming to use only its own funds for hedging, without touching clients’ money held in international banks. In addition, HotTrades participates in the Investors Compensation Fund, giving users the right to compensation for damages.
RapidSSL technology to protect client data
For your convenience, HotTrades offers the opportunity to trade stocks, indices, commodities, and bonds. Traders have access to the MetaTrader 4 trading platform, available in various versions for PC and mobile devices.
Novices are advised to open a demo account to familiarize themselves with market conditions absolutely free and risk-free.
HotTrades offers four types of accounts to choose from, depending on the deposit amount. The higher your investment, the more advantageous the trading conditions.
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Silver: minimum deposit – $1000, 24/5 support, seminars available.
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VIP: deposit – from $10,000, reviews and analysis provided, access to the Training Center.
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Platinum: investments – from $25,000, access to a personal consultant.
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Diamond: deposit – from $50,000, spreads – from 0 points, leverage – up to 1:500, margin requirement – 100%.
Use the HotTrades credit calculator to calculate future profits.
Convenient ways to deposit and withdraw funds
HotTrades allows you to open accounts in dollars, euros, and pounds, offering various payment methods. You can top up with a Visa/MasterCard credit or debit card, as well as a bank transfer, which takes from 24 hours to 2 days.
Withdrawal requests are processed within 3 business days, and the process is very simple – it goes through your HotTrades account. The broker does not charge commissions, receiving compensation through the Bid/Ask spread.
Conclusion
HotTrades offers clients favorable trading conditions, a wide range of trading instruments, a convenient trading platform available on all devices, as well as a demo account and various account types. However, before starting cooperation, it is recommended to ensure the broker’s registration and licensing. HotTrades currently does not provide information about the founders and company history, which may pose certain risks.
My experience with HotTrades was extremely unsatisfactory. Their customer service was horrendous, with long waiting times and unhelpful staff. I also found their fees to be excessively high compared to other brokers. The platform was consistently slow and plagued with technical issues, which greatly affected my trading abilities. Transparency was also lacking; hidden costs were a common occurrence in my dealings with them. I would definitely not recommend HotTrades to anyone seeking a reliable, user-friendly trading platform. I felt like I was dealing with amateurs rather than professionals in the industry.