.
Firstly, they have very good spreads, which do not fluctuate too much. Also you get the price you want rather then having alot of slippage which is often the case with other low spread brokers. It is often a trick where they quote you a 1 pip spread, but when you enter a trade, it fills you 0.5-1 pip above the price quoted. Typically Eur/Usd spreads are between 1-2 pips, and GBP/USD is between 2-3 pips on a micro account. On the VIP account you have spread from 0.1 pips.
Secondly they have quick and fast withdrawal which is very important. I currently have 3 Hotforex accounts, and every time I've made a withdrawal its been done within the week. This is certainly not the case with many other brokers, where there is delay tactics, and very high fees for withdrawals.
Thirdly, they have Good bonus options, especially with 50% deposit bonus, which can be redeemed at 1 lot per dollar. Its always nice to have that extra leverage when we start.
More over they have a great customer support team, and were awarded best online broker in Asia, which has made it very popular in this region. Other advantages include, quick execution, segregated funds, with regulation from the FSC. And finally over 8 different trading platforms, with all mobile options too.
When looking at disadvantages, I really can't think of many major ones, the main argument may be that they are not regulated by one of the main institutions such as the FSA, but with the falling of MF global and Worldspreads, which were both FSA regulated, the word regulated means nothing to me now!
Overall I feel safe trading with this broker, and so far my trading robots have performed well using Hotforex as opposed to others where dirty tricks are played.
As always cashback is important too, and so if you open an account by clicking HERE then you will recieve 4 dollars back for every 1 lot traded. So this is effectively 0.4 pips of the spread. If you choose to take this offer, email me HERE so I can set up your rebates.
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