HotTrades Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-11-19 16:54Abstract：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 Review Summary | |
| Founded | 2021 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Not Regulated |
| Market Instruments | Stocks, Commodities, Indices, Bonds, Precious Metals, and Energies |
| Demo Account | Yes |
| Trading Platform | MetaTrader 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.
Pros and Cons
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Is HotTrades Legit?
HotTrades is not regulated by any regulatory authority.
What Can I Trade on HotTrades?
Hottrade offers many different trading assets including Stocks, Commodities, Indices, Bonds, Precious Metals, and Energies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stock | ✔ |
| Indices | ✔ |
| Cryptocurrency | ✔ |
| Bonds | ✔ |
| Energy | ✔ |
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 Type | Minimum Deposit | Currencies | Features |
| Ruby | $1,000 | USD, EUR, GBP | Customer support 24/5, MetaTrader 5, Online seminars |
| Emerald | $10,000 | USD, EUR, GBP | Customer support 24/5, Analysis and overviews, Training Center |
| Diamond | $25,000 | USD, EUR, GBP | Analysis and overviews, Training Center, Personal trading specialist |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 5 | ✔ | PC and Mobile | Investors of all experience levels |
Deposit and Withdrawal
The minimum deposit of HotTrades is $1000. But information on withdrawal is not limited.
| Account Type | Minimum Deposit |
| Ruby | $1,000 |
| Emerald | $10,000 |
| Diamond | $25,000 |
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