accounts from drawdown periods. The first handful of years was wrought with overnight brokers that seemed to pop up and then close down shop without notice. A scam or fraud means an intentional deception has taken place, with the intent to take money from an unsuspecting person. As regards floating spreads with HotForex, typical ones on commission-free accounts amount.2 pips on EUR/USD, which is average. Trading Conditions Minimum Initial Deposit In order to open an account with HotForex, traders have to invest a minimum. Even a poorly-run brokerage can run for a long time before something takes them out of the game.
Besides, they are required to keep customer funds in segregated accounts, separated from the companys operating funds. Leverage The maximum leverage with HotForex is high, reaching 1:1000. HotForex is a good broker for novice forex traders to start their careers: it lets you open an account with as little as 5 and actually trade with this money thanks to the maximum allowed leverage of 1:1000 and the minimum contract size of one. As with any new industry, plenty of predators exist out there, looking to take advantage of newcomers. Maximum leverage, average Spreads, micro.01 1:1000.2 pip on EUR/USD, premium 500.01 1:400.2 on EUR/USD. MT4 is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and resources: built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them.
Cyprus is currently one of the most attractive forex broker destinations and probably the main reason for this is its well-balanced regulation. CySEC applies certain rules and requirements to Cyprus Investment Firms, which are not as stringent as those in the US, for instance, however they provide a certain level of credibility. In comparison, Easy-forex offers fixed spreads amounting.8 pips on VIP accounts only. Besides, free VPS hosting is offered to both new and existing customers who deposit a minimum of 5,000 and maintain this amount for the subsequent months. Spreads Commissions This broker offers both floating and fixed spreads. Methods of Payment HotForex supports a wide range of payment methods: credit/debit cards (Visa, Visa Electron, MasterCard, Maestro, American Express bank wire transfer and e-wallet payment systems Skrill, Neteller, WebMoney, TrustPay, iDeal, Sofort, Western Union, Przelewy24. Regulators have put protections in place over the years and the market has improved significantly, making such scams increasingly rare. Currenex 500.01 1:400.2 pips on EUR/USD commission.00 per lot traded (per side).