Here at HotForex we understand that successful traders have to give their full attention to their trading rather than worrying about the safety of their funds. We have therefore taken additional measures to ensure adequate levels of safety for your funds.
The Company has made further efforts to safeguard its liabilities against Clients and other third parties with a Civil Liability insurance program for a limit of €5,000,000, which includes market leading coverage against errors, omissions, negligence, fraud and various other risks that may lead to financial loss.
There is no additional cost to our clients for this cover.
The HotForex brand has become a global leader in online trading, specializing in forex, CFDs on US and UK stocks, commodities, spot metals, and indices.Client fund security has been a part of our philosophy alongside unmatched trading conditions and customer support. With global recognition for excellence, a solid reputation, and multi-award winning services, our clients are assured that their funds are held securely.
HotForex made the decision to only use major global banks. The strength and international standing of the HotForex brand enables the company to provide liquidity through major banks.
Clients’ funds are received into bank accounts separate from those used by the company. These funds are off the balance sheet and cannot be used to pay back creditors in the unlikely event of the default of the Company.
Volatility often occurs in the market. HotForex’s policy of negative balance protection means that even under highly volatile conditions when margin calls and stopouts do not function correctly, no client is responsible for paying back a negative balance.
The Company continually identifies, assesses, and monitors each type of risk associated with its operations. This means assessing on a continuous basis the effectiveness of the policies, arrangements, and procedures in place which allow the company to easily be able to cover its financial needs and capital requirement at any time.