HF Markets ECN STP broker Deposit bonus and free trading signals

These brokers are generally different in the way they deal with your orders. 👉 Trade Nation operates under all the applicable laws and regulations. 👉 In this article, we will consider some of the best ECN forex brokers in Kenya. These brokers are recommended on a number of online sites and are thought to be among the most trustworthy and efficient brokers operating in Kenya. 👉 Using ECN provides traders with ways of trading outside of normal trading hours.

Its aim is to maintain low trading costs, with 97.5% of orders executed slip-free using Straight Through Processes and ECN models. 👉 Its in-house social trading service caters to rising demand for this subsector and is one aspect of this company’s astute development strategies. 👉 Though not regulated by the Capital Markets Authority in Kenya, FP Markets is a well-regulated broker in terms of ASIC and CySEC, which permits it to trade across borders. 👉 With a wide range of tradable assets, FBS is an excellent choice for Islamic Kenyan traders.

The company has won several accolades, including a place in World Finance’s Top 100 Global Companies rankings and International Business Magazine’s Best Forex Trading Conditions Global 2020 award. Beyond the competitive trading conditions, they are known for excellent execution and deep liquidity, helping improve the offering for more advanced traders and those who prefer to copy trading strategies. Please note that all FCA-regulated brokers have stopped offering cryptocurrencies to retail traders starting from Dec 2021.

The reward program is available again and offers new and existing clients the opportunity to earn generous returns up to 3% on their free margin! How it Works To participate, HotForex clients can join the ROFM program and start receiving… Of course, there is a mobile trading platform as well a HFM Mobile Application with an option to trade “on the go”.

Trading through a well regulated broker is essential to avoid fraud or financial scams that are prevalent in the forex market. Our Mission is to be the most reliable broker in the industry in terms of the services we offer. To be consistently good in quality of performance and able to be trusted. Because the Zero Spread account is an ECN account, HF Markets /Hotforex does provide an ECN account. This account has a very low spread when compared to other accounts, it has a spread ranging around 0.0 pips. The spreads on this account are from 1 pip and the best thing is that there is no commission charged.

Our Ranked HFM Trust Score is 9 out 0f 10 for good reputation, excellent service for years and constant growth and reaches to more jurisdictions. HFM holds reliable top-tier licenses, is one of the biggest Brokerages worldwide, while the only point is International trading available via the offshore entity. No, HFM is not a scam, we consider HFM a safe broker hotforex broker due to being licensed by several top authorities including FCA, FSCA and CySEC. Overall,FP Markets is considered a low-risk and can be summarized as trustworthy and reliable.FP Marketsis fully licensed and regulated by the Securities Commission of the Bahamas . Overall, InstaForex is considered alow-risk and can be summarized as trustworthy and reliable.

is hotforex a ecn broker

MT4 and MT5 mobile trading are actually known for its advanced capabilities and interactive charts with almost the same productivity as its full versions. Besides, there are over 30 technical indicators and 24 analytical objects, so mobile capabilities are truly great, and we enjoyed testing it too. Various payment methods will process withdraw money in slightly different time. HFM accounting team confirms transactions quite quickly as we had on our trade test, yet the matter might take longer due to payment providers.


Established in 2010, they are STP brokers, grown to become one of the best forex brokers in the world. They are considered safe, since they are regulated with CMA, under Capital Market acts and regulations, 2017. They are audited by Ernst and Young, which means, they must avoid conflict of interests and should follow strict guidelines.

A broker that is easy to recommend, just made another withdrawal last week and processed with ease, hope the market becomes a bit gentler but over all the broker is doing an awesome job. First thing I have noticed is the high speed of execution of orders. All modern trading instruments are ensured here without a doubt, but on the other hand, transactions are processed only 5 days in a week, that maybe not so convenient for some people. HotForex never misses an opportunity to treat its Partners in a best way possible. Last time global multi-asset broker surprised them with withdrawable rewards from a legendary $2,000,000 prize pool for its 10 Year Anniversary.

  • At FxPro, all client orders are processed through Equinix Data centres – LD5 in London and AM4 in Amsterdam, where FxPro has co-located servers.
  • All information on 55brokers.com is only published for general information purposes.
  • Overall,RoboForexcan be summarised as a credible and trustworthy broker with advanced trading tools for pro-traders.
  • These brokers are generally different in the way they deal with your orders.

FXTM also charges a commission on every trade with their low spread ECN Account. Overall, their commission & fees for ECN accounts is lower than most other brokers. Forex trading has exponentially grown in popularity in Nigeria over the last decade. Retail forex traders in Nigeria can now participate in the forex market through international brokers that are regulated by Top Tier forex regulators such as the FCA, CySEC, or the ASIC.

Best ECN Forex Brokers

For more latest information of the website, please visit hercules.finance. HotForex is a regulated European NDD and STP broker and does not trade against its clients like other types of brokers do. Electronic Communications Networks or ECNs essentially help speed up the settlement of trades between brokerage houses and individual traders.

Overall, the charges and fees that you may incur while trading through a Zero account is not the lowest, but still quite competitive when compared to other ECN forex brokers. HFM provides an unparalleled variety of account options that clients can select to enjoy a tailored trading experience that perfectly suits their needs. Coupled with superior trading conditions and lightning fast execution, HFM provides all the tools and services needed for clients of any level to realize their trading ambitions. As for us traders, doing business with a broker that has one or two trusted regulations always feel more comfortable and safer than doing business with brokers that have none. Although for trusted brokers, their trading fees might cost a little bit more in exchange for the better service and security. HF Markets offers the popular MetaTrader 4 and MetaTrader 5 trading platforms.

is hotforex a ecn broker

TD Ameritrade is authorized to provide brokerage and trading services to residents of the United States only while covering the US markets only. All retail clients have the ability to access interbank spreads and liquidity through state-of-the-art automated trading platforms. HF Markets offers an unmatched variety of https://forexbroker-listing.com/ account options that clients can choose from to enjoy a tailored trading experience that perfectly meets their needs. HotForex is a multi-asset forex broker providing retail and institutional trading services worldwide for over a decade. Founded in 2010, the company operates from its headquarters based in Mauritius.

Forex Broker Reviews

Which got me very confused and very worried because the money that I sent for tax yestarday I borrowed from someone whom I promised I would pay back the following day which is today. Have been trading from almost 2 months and i must say this platform is really good. Only a week ago we have been informed that HotForex has acquired a license to operate in the UAE and now the broker has revealed that it has got the esteemed Financial Conduct Authority license. The Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the… HF Markets, known by its trading name HotForex, has got its license from the Dubai Financial Services Authority and has now announced about the operations in the United Arab Emirates . HF Markets already has operations in the UK, South Africa, and Cyprus.

is hotforex a ecn broker

👉 Kenyan traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives and/or needs. 👉 Though not licensed by the Capital Markets Authority in Kenya, the company keeps traders’ funds in segregated accounts, ensuring fund security. It is also well regulated by a number of non-Kenyan authorities. 👉 The company, which was founded in 2009, has established a strong reputation via more than a decade of international brokerage expertise and the development of cutting-edge trading tools. Its reputation is demonstrated by its daily addition of 10,000 new clients.

So, typically, if you are trading 1 mini lot on EUR/USD, the total trading fees , would be $0.7. This comes out to be equivalent of 0.7 pips spread for Standard/Micro accounts, which is quite low, and considered good. Additionally, retail traders can reduce the cost of forex trading through cash rebates.

Is HF Mrkets ECN Broker Conclusion

It provides investors with a full MetaTrader platform package from MetaQuotes Software application Firm. IN our XM trading review, we see that the business has transformed into a broker with numerous on-line possessions. While we were going through their website to prepare the HotForex review, we found the website provides sufficient learning resources to make their client prepare and skilled for the trading.

We have rated and reviewed the BestForex Brokerswho offerCFD Trading. Similarly, you can check the license number of other ECN brokers. Make sure to verify the license number to ensure that it is valid, and the broker is still authorized. No negative balance protection, so you can lose more than your account balance. IC Markets is regulated with top-tier regulator ASIC, and they have recently also applied for regulation with FSCA (FSP no. 50715).

How do I manage my risk?

Spreads fees defined by the account type you use, thus Micro Account spread starting from 1 pip and Zero Account offers 0 fee which averages on 0.2 pips most often. One of the HFM Pros also is offered market range that includes 17 trading tools and 150+ trading products with access to global markets. These include Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and included for last years offering to trade Cryptocurrencies with Bitcoin, Ethereum, Litecoin, Ripple and more. HFM provides an variety of account options with 6 different accounts based on specific requirements. The range offers Micro, Premium, Zero spread, HFCOPY, PAMM Premium Accounts also you can select the Islamic Account suitable for traders from the MENA region or beyond.

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