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Forex Malaysia
HotForex Malaysia

HotForex Malaysia - HotForex Broker Review

HotForex Malaysia founded in 2010, is the brand name of HF Markets Group which encompasses global and regulated entities that are operating as multi-asset brokers offering online trading services to clients from around the world. The company is licensed by CySEC (Cyprus), FCA (UK), FSB (South Africa), and FSC (Mauritius).

HotForex Malaysia offers competitive conditions for trading in a wide range of instruments including Forex, Metals, commodities, indices, popular Shares (Google, Apple, and Facebook), and Cryptocurrency. HotForex clients have access to a variety of account types - fixed and floating spreads, commission-free trading (in Micro and Premium accounts) or tight spreads involving commission fees with flexible leverage up to 1:1000. HotForex also offers HFcopy - Copy Trading service for social traders.

Trading at HotForex is accessible via popular trading platforms such as MetaTrader 4/5, WebTrader, and Mobile. HotForex Malaysia provides dedicated around the clock Malay support as well as the possibility of depositing and withdrawing via local Malaysian Banks along with many other methods.

HotForex is a multi-regulated broker, with over 500,000 live accounts opened, more than 20 international awards, client support in 25 languages, over 150 employees, and wide global presence. HotForex has been listed among the World Finance Top 100 companies alongside Apple, Samsung, Coca Cola & many more companies known for excellence in their respective fields.
Regulations: CySEC, FCA, FSC, DFSA
Country: Cyprus
Year founded: 2010
Malaysian Client Support: Yes
Local bank deposit in Malasyia: Yes
HotForex Rating: 4.5 / 5
Rating: 4.5 / 5

HotForex Malaysia Account Types

Being a world-class brokerage company with its commitment to complete flexibility of trading at any level, HotForex offers 6 types of accounts offered in fractional pip pricing available for traders with different trading strategies, levels of funding or appetites for risk, from micro to unlimited trade sizes.

The first one is the Micro Account for traders who want to trade using micro-lots accessible from MetaTrader 4, MetaTrader 5, Web, and Mobile Trader, available in USD and EUR. The spreads are tight and floating as low as 1 pip with a maximum leverage of 1:1000 and no commission required. By having a minimum deposit of 5 USD, traders may open up to 150 trading positions at the same time with 0.01 lot minimum and a maximum of 7 standard lot trade sizes.

Second is the Premium Account for experienced retail traders with the same features as the Micro Account. The difference lies in the fact that traders are required to make a minimum deposit of 100 USD to have maximum open orders of 300 positions, maximum trade size of 60 standard lots, and leverage up to 1:400.

Next is the Zero Spread Account, particularly useful for scalpers due to its low-cost features. This account offers raw spreads with zero markup and low commissions starting from 0.03 USD for every 1,000 lots, in addition to a Personal Account Manager Service. The minimum deposit required is 200 USD with leverage up to 1:500, accessible only from MetaTrader 4, Web, and Mobile Trading terminals. The maximum open orders are 500 positions with maximum trade size of 60 standard lots each for this account.
Minimum Deposit: $5
Leverage: 1:3000
Minimum trade size: 0.01
Spread Type: Floating from 1 pip
Commission: No
Account Currency: USD, EUR

Minimum Deposit: $500
Leverage: 1:400
Minimum trade size: 0.01
Spread Type: Floating from 1 pip
Commission: No
Account Currency: USD, EUR

Minimum Deposit: $500
Leverage: 1:400
Minimum trade size: 0.1
Spread Type: Tetap
Commission: No
Account Currency: USD, EUR

Minimum Deposit: $200
Leverage: 1:500
Minimum trade size: 0.01
Spread Type: Floating from 0 pip
Commission: $4\lot
Account Currency: USD, EUR

Minimum Deposit: $20,000
Leverage: 1:300
Minimum trade size: 0.01
Spread Type: Floating from 0 pip
Commission: $6\lot
Account Currency: USD, EUR

Novice traders who are not yet confident about their Forex analytical skills are welcome to join HotForex Auto Account and be a part of an auto trading community, as well as subscribe to free and paid Trading Signals built-in to the HotForex MetaTrader 4 trading terminal. By having 200 USD of initial deposit, traders will be able to open HotForex Auto Account and enjoy the benefits of tight floating spreads as low as 1 pip with no commission, leverage up to 1:500, minimum of 0.01 lot and maximum of 60 standard lots trade sizes, and maximum simultaneous open order of 300 positions.

Along with the above classic trading accounts, HotForex also presents copy trading account available for both the Strategy Providers (professional traders) and Followers (investors), known as HFCopy. By using HFCopy, professional traders build their community of followers and trade in exchange of a Performance Fee as high as 50%, and the Followers get to open an HFCopy account to invest in their selected traders and start copying their trades.

HFCopy Account is available in USD with tight floating spreads as low as 1 pip and maximum leverage of 1:400 with no additional commissions. The trading instruments offered are Forex and Bitcoin, while the trade sizes are 0.01 lot minimum and 300 maximum open orders with a maximum of 60 standard lots each. SPs are to make a 500 USD initial deposit to be able to open an account and gain a maximum of 30 Followers, whereas the initial deposit required for Followers is 100 USD. HFCopy Account is accessible from MetaTrader 4, Web, and Mobile Trading platform.

Muslim clients are welcome to request a swap-free Islamic account available for Micro, Premium, Zero, and Auto Accounts. Islamic account service is available only in USD and EUR with the same features as the classic accounts.

HotForex Malaysia Deposit & Withdrawal

At HotForex Malaysia, you can instantly make a deposit into your account with Credit cards (Visa, MasterCard, and Maestro), Bank wire, UnionPay, online payment systems (WebMoney, Skrill, Neteller, FasaPay, and Bitcoin), and local Malaysian banks (MayBank and CIMB).
At HotForex Malaysia, you can withdraw your funds via local Malaysian banks (MayBank and CIMB), WebMoney, Skrill, Neteller, FasaPay, and Bitcoin. HotForex Malaysia processes withdrawal requests within 24 hours (Usually in a few hours). Withdrawals submitted before 10 am will be processed on the same business day between 7 am and 5 pm.

HotForex Malaysia Spreads

Primarily, HotForex Malaysia offers low variable spreads, but they also offer a specialized fixed spread account (with no commission) to scalpers and automated traders which equates to Interbank spread prices. HotForex also offers ZERO accounts with spreads starting from 0 pip ($4 commission per lot applies).

HotForex Malaysia Security & Safety of Funds

As a member of HF Markets Group, HotForex has become a global leader in online trading with global recognition and solid reputation. HotForex also possesses the ability to provide liquidity through major global banks only and cover their capital requirement and financial needs at any time.

All HotForex financial transactions are continuously monitored, as well as audited by Deloitte, one of the best and largest accounting organizations and auditors.

Clients at HotForex are given full transparency and protected against negative balance protection, in addition to a Civil Liability insurance program for a limit of 5,000,000 EUR which includes market-leading coverage against errors, omissions, negligence, fraud and various other risks that may lead to financial losses.

The bottom line is that HotForex takes all security measures to ensure the safety and security of all its clients’ funds. Furthermore, the company is regulated by 7 different major regulatory bodies: FCA of the UK, CySEC of Cyprus, IBC of St. Vincent & the Grenadine, DFSA of Dubai, FSC of Mauritius, FSCA of South Africa, and FSA of Seychelles. Thus, HotForex is obliged to keep clients’ funds in segregated bank accounts separate from those used by the company, off-balance and unusable in the case of bankruptcy.

Advantages of Trading with HotForex Malaysia

Trade Forex, CFDs, Metals, Oil, and Cryptocurrencies
Safety of Funds, Multi-regulated (CySEC, FCA, FSC, & FSB)
Micro, Premium, Zero Spread, Fixed, and VIP Accounts
Investment Service via HFcopy - Copy Trading platform
Flexible leverage Up to 1:1000, Fixed & Floating Spreads
Regular Forex bonuses & Trading Contests
MetaTrader 4 / 5, WebTrader and Mobile Platforms
Market-leading funds insurance for up to €5,000,000
Swap-free Islamic account, Free VPS, Education & Analysis
24/5 Malaysian support (Email, Live chat & Phone)
Other trusted Forex brokers in Malaysia
Alpari Malaysia
FBS Malaysia
FXTM Malaysia
Tickmill Malaysia
RoboForex Malaysia
XM Malaysia