I will review forex brokers today. As far as I concern, Exness and HotForex are the 2 hottest forex brokers these days. So let’s put them on the scale to see who is the better.
EXNESS HAS INSTANT WITHDRAWAL SYSTEM
This is one of the most competitive features that make Exness one of the top 10 forex brokers in the market. Its transferring speed is the fastest and nearly instant. Every execution is completed within a second. You will never see such a fast withdrawal system like this in other brokers and now you are wondering how it could be possible to have this kind of system. It is due to the machines that Exness – one of the biggest brokers – uses to improve the productivity, accuracy and automation. The machines have replaced human to do jobs automatically, instantly and greatly with a huge amount of transactions at a time. You can witness the system by starting to trade with Exness and other biggest brokers in the top 10 forex brokers. Once you have tried the withdrawal system of Exness, you might never want to use in other brokers.
EXNESS HAS THE LOWEST SPREAD
The spread of Exness is really low and may be the lowest in the forex market. It has the lowest spread for the top 6 most trading currency pairs. Especially for the currency pairs with the fixed spread, Exness supports with the lowest spread that maybe the biggest brokers cannot do. You can find out more about Exness’ spread in the article here.
EXNESS HAS HIGH LEVERAGE
Some traders think that if the leverage is high, their trades will be riskier. In the other hand, experienced traders thinks in the converse way that it is safer to have the higher leverage. Exness’ leverage is among the highest in the market and it still keeps its clients safe. If two traders open the orders with the same size and the same amount of money deposited, the one with the high leverage is often safer. The leverage of Exness might be up to unlimited, which means that you don’t pay for margins at all. Your orders are literally open for free.
HOTFOREX TRADING CONDITIONS
Not only offering primarily variable tight spread, it also provides a specialized fixed spread account for those who are scalpers and automated traders.
About leverage, it varies by the account classification.
– Micro: 1:500
– Premium: 1:400
– VIP: 1:300
Such leverage conditions are not applicable for EU clients as their maximum leverage is 1:30.
HOTFOREX PAYMENT SYSTEMS
All main credit and debit cards are accepted at HotForex. Also, it welcomes bank wire transfer as well as additional services (Skrill, Sofort, iDeal, etc.). Like other international brokers, HotForex requires you submit legally mandated identity details before approving and processing your withdrawals request.
ANOTHER FEATURE OF HOTFOREX
Besides the above-mentioned features, HotForex also has another special one that is beginner support. With an experienced customer service team fluent in more than a dozen languages, they will support you anytime through phone, mail, live chat or Skype. Also, in the educational pages of the company, you can find lots of training materials, videos, or charting tools to refer.
In conclusion, each broker has their own strength and weakness. You should choose who’s the most suitable for you. After all, that’s the reason why I review forex brokers.
Synthesized by top4forexbrokers.net