Do you want to trade with a Hot Forex broker? If so, then are you sure about the broker that whether it is suitable for you or not? If not, don’t worry because we are here with an in-depth discussion about Hot Forex minimum deposit. So, read the article thoroughly to know completely about Hot Forex minimum deposit.
Hot Forex is one of those brokers that are said to be cheaper than other brokers. So, let’s see in this article that how much this saying is true:
Introduction to Hot Forex Broker
Hot Forex is one of the biggest brokers globally that has made large progress in the last few years. And probably the biggest milestone that Hot Forex broker has achieved is that it has become an official partner of PSG (An extremely famous Football Club).
Hot Forex is still grooming as an international broker. Extremely famous and trusty authorities regulate it in St. Vincent and the Grenadines. Almost every reliable and trusty security institute in the world of FX trading has regulated it, including CySEC, FCA, DFSA, FSCA, and FSA. So, you can confidently say that it is a safe (low risk) FX broker. But what about Hot Forex minimum deposit? Let’s see:
What is Hot Forex Minimum Deposit?
Surprisingly, Hot Forex’s minimum deposit is quite less than other brokers of its caliber, and that is just $5. But as usual, this amount is not constant and always varies from account to account and market to market.
Hot Forex minimum deposit depends on which account you are using, in which market you are trading, and from where you are trading. Your place also matters; for Europeans, this amount changes from $5 to $100. But usually, we say that Hot Forex’s minimum deposit is $5.
How Hot Forex Minimum Deposit Changes with Accounts?
Hot Forex minimum deposit does not only changes with the change in accounts. But the most prominent change in Hot Forex minimum deposit is due to different accounts. Hot Forex has a large number of accounts as compared to most of the other brokers worldwide. So, let’s see all of them with their minimum deposits:
The micro account is an account that is suitable for beginners because it is designed for new traders and is regulated with FCSA and SV. Hot Forex minimum deposit of this account is just $5 that is 70 ZAR for you if you are a South African trader.
Zero account is named after its speciality. With this account, you can enjoy zero spread. It is a special account; that is why its minimum deposit is also more than others that is 200 USD, EUR, or GBP. This amount if 2000 ZAR for South African traders.
This account comes up with so many special features. That is why Hot Forex’s minimum deposit of a VIP account is $20,000 or 74,000 AED.
The minimum deposit of this account is 200 USD or EUR that is 2800 ZAR for South Africans.
This account comes up with two minimum deposits 1,000 EUR or 500 USD for signal providers and 300 EUR or 100 USD for copy traders.
The minimum deposit of this account is $250.
The minimum deposit of this account is 100 EUR, USD, or GBP.
Premium Pro Account
The minimum deposit of this account is 500 EUR, USD, or GBP.
Now, all your queries about Hot Forex minimum deposit must have vanished.