Information about HotTrades Company
Brief description: HotTrades is a reliable forex broker with extensive experience working with both beginners and market professionals. The Hot Trades brand is owned by Glestrx Trade Ltd, an investment company operating in accordance with the laws of the Marshall Islands.
License and Address
License information is not provided on the hottrades.co.uk website. The company’s legal address is First Floor, First St Vincent Bank Ltd Building, James Street, Saint Vincent and the Grenadines.
Trading Instruments and Platforms
- Stocks
- Commodities
- Indices
- Bonds
HotTrades provides access to Forex and options trading. Trading platforms: MetaTrader 4 for desktop, mobile devices, and web version.
Hot Trades Trading Accounts
The company offers a demo account and four real accounts: Silver (from $1,000), VIP (from $10,000), Platinum (from $25,000), and Diamond (from $50,000).
Deposits and Withdrawals
Verification is required to make a deposit. Possible deposit and withdrawal methods: bank transfers, Visa, Master Card.
Withdrawal requests are processed within 3 business days. Execution time depends on the payment system.
Conclusion
Hot Trades offers an entry threshold starting from $1,000. It is recommended to review ratings and consult with experts before deciding to collaborate.
Alina
While HotTrades appears to present a comprehensive trading platform, there are several concerns regarding their reliability. They lack transparency on several fronts, such as their fee structure and corporate policies. The unavailability of crucial information on their website raises questions about their legitimacy. Additionally, user reviews also report inconsistencies in their service, like sudden unexplained changes in trading terms and the slow processing of transactions. I am also skeptical about the lack of regulatory oversight, which could potentially expose clients to unnecessary risk and possible financial loss. It is highly advisable to conduct in-depth research or seek professional advice before investing with them.