HotForex Rating and Trading Review

Hotforex TradingHotForex RATING REVIEW -Using the Formula V.4.0. 77 78

The HotForex Rating using the formula 4.

HotForex Rating Summary

Sum of each individual Main Factor of HotForex Rating Analysis (1, 2, 3, 4) 

HOTFOREX RATING SUMMARY      
  MAX ACHIEVED (%)
1.Safety of Funds 26.00% 16.53% 63.59%
2.HotForex Cost of Transaction 28.00% 18.50% 66.07%
3.HotForex Trading-Options 26.00% 25.25% 97.12%
4.HotForex Technological Efficiency 20.00% 17.50% 87.50%
Overall Rating 100.00% 77.78% 77.78%


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HotForex Rating Analysis

Analysis of each individual Sub-Factor forming HotForex total rating result. 

RATING ANALYSIS of HOTFOREX    
TOTAL RATING 100.0%   HotForex Broker
  Weight Analysis Factor Analysis 77.78% ANALYSIS
1. SAFETY OF FUNDS at HOTFOREX 26.00% RATING WEIGHT 16.53% HotForex Credibility Analysis
1.1 HotForex Level of Regulation 12.00% FSC (BVI) = 1.0%, | CYSEC = 3.0%, | FFMS = 3.0%, | RAFMM = 3.0%, | CBI = 4.0%, | ASIC = 4.0%, | FSC (NZ) = 4.0%, | FSA (UK) = 6.0%, | BAFIN = 6.0%, | NFA = 6.0%, | CFTC = 6.0%, | FINMA = 8.0% | and MiFID = +4.0% 7.00% HotForex is regulated by CySEC = 3%, MiFID = +4%, Total = 7.0%
1.2 HotForex Headquarters Base 5.00% General Offshore = 0%, Cyprus , Latvia = 2.0%, Ireland, Spain, Italy, Belgium, Israel = 3.0%, Canada, Australia, New Zeeland = 4.0%, USA, UK, Germany, Scandinavian, France, Switzerland  = 5.0% 2.00% HotForex Home Base is in Cyprus = 2.0%
1.3 HotForex Years in the Market 5.00% 0-1 Years = 0 %, 2-5 Years = 2.0 %, 5-10 Years = 4.0 %, 10+ Years = 5.0 % 4.00% HotForex was found in 2007 5-10 years = 4.0%
1.4 HotForex Segregated / Bank Accounts 2.00% Yes =  2.0 %, No = 0.0 % 2.00% Segregated bank Accounts = 2.0%
1.5 HotForex Web Ratings (Usage for differentiating results) 2.00% ForexPeaceArmy Rating = 1.0 %, | EarnForex Rating = 1.0 %  1.53% HotForex FPA=3.963 & Earn Forex 7.4 / 10.0 = %, Total Rating = 1.5326%
1.6 (+) ADJUSTMENTS        
1.6.1 Size Factor 1.00% More than 1 Million Traders = +1.0 % 0.00% Condition not met = 0.0%
2. TRADING COST at HOTFOREX 28.00% RATING WEIGHT 18.50% HotForex Competition Analysis
2.1 HotForex Typical Spread on EURUSD 8.00% < 0.3 pip = 8.0%, | <0.4 pip = 7.5%, | < 0.5 pip = 7.0%,  | <0.6 pip = 6.5% | <0.7 pip = 6.0%, | <0.8 pip = 5.5%, | <1.0 pip = 5.0%, | < 1.25 pip = 4.5, | < 1.5 pip = 4.0%, | <1.75 pip = 3.5%, | >2 pip = 3.0%, | < 2.5 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 3.00% HotForex typical EUR/USD Spread is measured Fixed at 1.8 pip = 3.0%
2.2 HotForex  Typical Spread on GBPUSD 5.00% < 1.0 pip = 5.0%, | <1.25 pip = 4.0%, | < 1.5 pip = 3.0%, | < 1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.25 pip = 1.5%, | < 2.5 pip = 1.0% | < 3 pip = 0.5% 1.00% HotForex typical GBP/USD Spread is measured Fixed at 2.5 pip = 1.0%
2.3 HotForex  Typical Spread on USDJPY 4.00% < 1.0 pip = 4.0%, | <1.25 pip = 3.5%, | < 1.5 pip = 3.0%, | <1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 2.00% HotForex typical USDJPY Spread is measured Fixed at 1.8 pip = 2.0%
2.4 HotForex Trading Commissions 7.00% No Commissions = 7% | Commissions < $5 / lot = 3% | Commissions < $8 / lot = 1% | Higher Commissions = 0% 7.00% No commissions on Fixed Spread account that we rate = 7.0%
2.5 HotForex Deposit / Withdrawal Commissions 2.00% No = 2.0 %, | Yes = 0 %,  | 1-Free / Month = 0.5 % 2.00% No Withdrawal Fees are charged by HotForex = 2.0%
2.6 HotForex Maintenance and Inactive Fees 2.00% No = 2.0 %, | Yes = 0 % 2.00% No Maintenance Fees b= 2.0%
2.7 (+) ADJUSTMENTS        
2.7.1 HotForex Execution 2.00% ECN = +2.0 % / STP = +1.5 % | Market Makers = +0.0% 1.50% STP execution = +1.5%
3. TRADING OPTIONS at HOTFOREX 26.00% RATING WEIGHT 25.25% HotForex Trading Analysis
3.1 HotForex Forex Asset Index 8.00% 45+ Currency Pairs = 8.0%, | 40+ Currency Pairs = 7.0%, | 35+ Currency Pairs = 6.0%, | 30+ Currency Pairs = 5.0%, | 25+ Currency Pairs = 4.0%, | 20+ Currency Pairs = 3.0%, | 15+ Currency Pairs = 2.0%, | 10+ Currency Pairs = 1.0%, | Less than 10 pairs = 0% 7.00% HotForex offers 43 Fx Currencies = Rating 7.0%
3.2 HotForex CFD and Spot Trading 2.00% CFD Trading = 2.0 % | Only Spot = 1.0 % | Nothing = 0% 2.00% HotForex includes CFD trading
3.3 HotForex Demo / Practice Account 2.00% Yes = 2.0 %, No = 0.0 % 2.00% Demo availability at HotForex = 2.0%
3.4 Leverage at HotForex 2.00% >100:1 = 2.0%, | > 75:1 =1.5%, >50:1 = 1.0%  2.00% Maximum Leverage at HotForex is 1,000:1 = (max) 2.0%
3.5 HotForex Bonus & Rebate 6.00% Max 6% Filter is Activated 6.00%  
3.5.1 HotForex Bonus (%)   Bonus (Higher or Equal): >50% = 6%, | >40% = 5%, | >30% = 4%, | >20% = 3%, | >15% = 2%, | >10% = 1% 6.00% Deposit Bonus up to 50% = 6.0%
3.5.2 HotForex Rebate (%)   Rebate  (Higher or Equal): >30% = 6%, | >25% = 5%, | >20% = 4%, | >15% = 3%, | >10% = 2%, | >5% = 1.0% 4.00% There is a Rebate of about 20% = 4.0%
3.6 HotForex Minimum Deposit 1.00% Min Deposit < $500 = +1%, | Min Deposit < $1,000 = +0.5% 1.00% Minimum deposit for Fixed Spread Account is $500 = rating 1.0%
3.7 HotForex Fund / Deposit Methods 2.50% For each deposit method available = 0,5%, max = 5 methods 2.50% 5 methods available (Credit Cards, WebMoney Bank Wire, MoneyBookers, Neteller) = 2.5%
3.8 HotForex Fund / Withdrawal Methods 2.50% For each withdrawal method available = 0,5%, max = 5 methods 2.50% 5 methods available (Credit Cards, WebMoney Bank Wire, MoneyBookers, Neteller) = 2.5%
3.9 (+) ADJUSTMENTS        
3.9.1 Offering 100+ Currency Pairs 1.00% Yes = 1.0 % / No = 0 % 0.00% Not met
3.9.2 Interest on Funds 0.50% Yes = 0.50 %, No = 0.0 % 0.00% Not met
3.9.3 HotForex Competitions / Championships 0.25% Yes = 0.25 % / No = 0 % 0.25% Demo and Real Account Contests = +0.25%
4. HOTFOREX TECHNOLOGICAL EFFICIENCY 20.00% RATING WEIGHT 17.50% HotForex Technological Analysis
4.1 HotForex Available Platforms 5.00% Each Supported Platform = 1.0%, max = 5 platforms 3.00% HotForex offers 3 trading Platforms (Classic MT4, WebTrader, FIX platform) = Rating 3.0%
4.2 HotForex Slippage 4.00% Slippage  < 0.5 pip =  4.0% | Slippage  < 0.75 pip =  3.5% | Slippage < 1 pip = 3.0% | Slippage  < 1.25 pip =  2.5% | Slippage < 1.5 pip = 2.0% | Slippage < 1.75 pip =  1.5% | Slippage < 2.0 pip = 1.0% 3.50% Measured at 0.55 pips (ZuluTrade) = 3.5%
4.3 HotForex Automated Trading 2.00% Yes = 2.0 % / No = 0 % 2.00% HotForex accepts automated signals = 2.0%
4.4 HotForex MT4 / MT5 Availability 2.00% Yes = 2.0 % / No = 0 % 2.00% Yes, Metatrader4 is available = 2.0%
4.5 HotForex Mobile Trading 2.00% Each Supported Device = 0.50 % (iPhone, iPad, Android, Windows Mobile, Blackberry), max = 4 devices  2.00% HotForex provides app for iPhone, iPAD, BlackBerry and Android devices = Rating 2.0%
4.6 HotForex Scalping / Hedging Policy 1.00% Yes both = 1.0 % | Yes only Hedging or Scalping = 0.5% | No = 0 % 1.00% Yes to both
4.7 HotForex Customer Service 4.00% 24/7 = 1.0 %, | 24/6 = 0.5 %, | 24/5 = 0 %, | email = 1.0%, | Phone = 1.0 %. | Live Chat = 1.0 %, | Skype = 0.5 %, | Call-Back = 0.5 % 3.00% HotForex offers 24/5=0%, email=1%, Phone=1%, Live Chat=1%, Total = 3.0%
4.8 (+) ADJUSTMENTS        
4.8.1 HotForex PAMM / Managed Accounts 0.50% PAMM = 0.5 % / Simple Managed = 0.25%, No = 0 % 0.50% Yes HotForex PAMM Accounts are available = +0.5%
4.8.2 HotForex API Trading 0.50% Yes = 0.5 % / No = 0 % 0.50% Yes, API trading is an option = +0.5%


HotForex Special Metrics

These are the special metrics for HotForex according to the three categories of trading experience. The rating results are based on different weight of the same formula. 

HOTFOREX SPECIAL METRICS    
Based on Seperated Sub-Formulas RATING (100%)
Hot Forex Overall Rating    77.78%
Forex beginners   80.64%
Advanced Traders   81.76%
Pro Traders   78.98%

 

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HotForex Rating Review

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