Is Hotforex.com a fair Forex Broker?
HotForex is a Forex Broker offering Forex Trading services via MetaTrader 4 trading platform. Regarding orders execution model, HotForex is a market maker with a possible conflicts of interests with traders. Significant slippage and bad orders execution experienced. HotForex also limits number of opened trades / volume of opened orders at the same time. HotForex offers 100% deposit bonuses, huge 1:1000 leverage, fixed spreads and competitions - this is always a bad sign for traders.
Cons: market making allowed, bad orders execution, slippage experienced, fixed spreads, various limitations for traders, % deposit bonuses, huge leverage, contests