Hottrade-Overview of Minimum Deposit, Spreads & Leverage

General Information

Established in 2014, Hottrade is an STP online forex broker owned and operated by Trinity Capital LLC, a company registered in Saint Vincent and the Grenadines, offering its clients a massive financial market, three trading accounts to choose from, advanced MT5 trading platform, as well as a series of trading tools.

Market Instruments

With Hottrade, traders can get access to more than 300 trading instruments. Different types of trading assets including Stocks, Commodities, Indices, Bonds, Precious Metals, and Energies are all available with this brokerage platform.

Account Types

Apart from demo accounts, HotTrades offers its clients three tiered live account, including Silver, VIP and Platinum accounts. To start a Silver account, you need at least fund $1,000 into your account, access to 7x24 customer support. The VIP account requires a minimum initial deposit of $10,000, and Platinum accounts require a high amount of initial capital, from $25,000.

How to open an account with HotTrades？

Opening an account with HotTrades is a quick and easy process:

1. Click on the “Open Trading Account”

2. Fill out required detailed in the account-opening application;

3. Upload documents including an identifying document such as passport, drivers license or official ID as well as an address such as utiliblity bill or bank statement;

4. Once your documents have been approved, you can fund your account and begin trading.

Leverage

The default leverage for retail traders is set at 1:100, and HotTrade can also provide a maximum trading leverage of 1:500. Only approved accounts are eligible, and funding approved for leverage more than 100:1 will be limited.

Spreads & Commissions

Spreads are determined by trading accounts you are holding. With Silver accounts, spreads are not that competitive, starting from 1.5 pips. Platinum and VIP accounts offers much tighter spreads, from 1.0 pip and 0.5 pips, respectively.

Trading Platform

HotTrades allows its clients access to the leading MT5 trading platform that can be accessed on any device.

The MT5 platform is suitable for your skill level and trading approach, regardless of whether you are an experienced trader or just starting out. The platform provides users with sophisticated tools for technical analysis, automatic trading capabilities (EAs), and mobile applications, all of which are utilized by millions of traders all over the world. Besides, traders are also able to examine their orders, trades, account details, and keep up to date with the most recent market circumstances.

Demo Trading

Demo accounts are available with the HotTrade platform. The demo account allows beginners to play with a total of $100,000 virtual funds to experienced real trading environment without risking real capital. Besides, demo accounts also assist traders 5 days a week, 24 hours a day. Customer support is available in 9 languages.

Trading Tools

Apart from MT5 trading platform, HotTrade also provides its clients with some trading tools including Market News, Glossary to help traders quickly acquaint themselves with forex trading.

Deposit & Withdrawal

As for payment options supported by HotTrades for traders to make a deposit and withdrawal, they include VISA, MasterCard, Skrill, Neteller, Wire Transfer, Boleto.

Customer Support

Traders with any trading related inquiries can reach HotTrades customer support through the following channels:

Telephone: +61863238483

Email: support@hottrades.co.uk

Besides, there is also a contact form displayed for you to fill out some required skills, then waiting to be connected.

Company Address: First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines