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Score

1.45 /10
Danger

HotTrades

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://hottrades.co.uk

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Score

Regulatory Index0.00

Business Index6.52

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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HotTrades · Company summary
HotTrades Review Summary
Founded2021
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNot Regulated
Market InstrumentsStocks, Commodities, Indices, Bonds, Precious Metals, and Energies
Demo AccountYes
Trading PlatformMetaTrader 5
Min Deposit$1,000

HotTrades Information

Established in 2021, Hottrade is an online forex broker in Saint Vincent and the Grenadines, offering many different trading assets including Stocks, Commodities, Indices, and more. It provides three trading accounts with a demo account to choose from, through the advanced MT5 trading platform. However, the required minimum deposit is relatively high.

HotTrades Information

Pros and Cons

ProsCons
  • Support MetaTrader 5
  • Lack of regulation
  • Offers three account types and a demo account
  • Limited information on trading fees
  • Offers multiple assets to trade
  • High minimum deposit of $1,000

Is HotTrades Legit?

HotTrades is not regulated by any regulatory authority.

Is HotTrades Legit?

What Can I Trade on HotTrades?

Hottrade offers many different trading assets including Stocks, Commodities, Indices, Bonds, Precious Metals, and Energies.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Stock✔
Indices✔
Cryptocurrency✔
Bonds✔
Energy✔
What Can I Trade on HotTrades?

Account Type

HotTrades offers three different account types, including Ruby, Emerald, and Diamond. It also offers a demo account. You can refer to the table for details.

Account TypeMinimum DepositCurrenciesFeatures
Ruby$1,000USD, EUR, GBPCustomer support 24/5, MetaTrader 5, Online seminars
Emerald$10,000USD, EUR, GBPCustomer support 24/5, Analysis and overviews, Training Center
Diamond$25,000USD, EUR, GBPAnalysis and overviews, Training Center, Personal trading specialist
Account Type
Account Type

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MetaTrader 5✔PC and MobileInvestors of all experience levels
Trading Platform

Deposit and Withdrawal

The minimum deposit of HotTrades is $1000. But information on withdrawal is not limited.

Account TypeMinimum Deposit
Ruby$1,000
Emerald$10,000
Diamond$25,000

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Sherzat'爱黎
more than one year
Far away from HotTrades!!!! They took all my money and with all kinds of excuses they didn't give my money back and until the last moment they were trying to take more money from me and after all, they stop answering anymore via email, or by phone!!!
Far away from HotTrades!!!! They took all my money and with all kinds of excuses they didn't give my money back and until the last moment they were trying to take more money from me and after all, they stop answering anymore via email, or by phone!!!
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2023-03-06 15:22
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