A Walk through with HotForex Trades Setup

Looking to invest some money ? want to learn how to Make Money online? want to entrust your important investments and money with somebody whom you can trust online? Life Answers brings you to take a walk through on how to invest and setup your account on HotForex. What are the accounts available? The Benefits and which accounts suits you best! Even if you do not know how to trade! You can still make money online through HotForex!

Trading for yourself.

Available account types:

Micro account -

• Minimum Opening Deposit: 5 USD
• Leverage of up to 1:500
• Trading instruments: Forex, Metals, Oil, Indices
• Spreads: From 1 pip
• Minimum trade size: 0.01

Premium account-

• Minimum Opening Deposit: 500 USD
• Free Signals from tradesignals.com
• Trading instruments: Forex, Metals, Oil, Indices
• Spreads: From 1 pip
• Direct Trading room telephone access
• PAMM account available
• MYFX platform for deposits over 2,000 USD

 

VIP account-

• Minimum Opening Deposit: 40,000 USD
• Spreads: From 0.2 pips
• Trading instruments: Forex, Metals, Oil, Indices
• Personal Account Manager
• Optional Performance Listing
• PAMM account available
• Multilingual Customer Support available 24/5 in 12 languages
• MYFX Platform
• Commission: $3 per 100,000USD traded

Islamic account-

• Minimum Opening Deposit: 150 USD
• Spreads: From 1 pip
• Trading instruments: Forex, Metals, Oil, Indices
• Swap Free Account
• Direct Trading room telephone access
• PAMM account available
• Multilingual Customer Support available 24/5 in 12 languages
• MYFX platform for deposits over 2,000 USD

Currenex account-Designed for scalpers. There is a commission of $5 per 100,000 traded but the bid ask spread is tighter favoring scalping strategies.

• Minimum Opening Deposit: 500 USD
• Spreads: From 0.2 pips
• Trading instruments: Forex, Metals, Oil, Indices
• Direct Trading room telephone access
• PAMM account available
• Multilingual Customer Support available 24/5 in 12 languages
• MYFX platform for deposits over 2,000 USD

 

 Bonus types – Flexibility.

ALL DEPOSITS! Who can offer this?

Or 15% Rescue Bonus to prevent Margin calls and draw down.

CONS: In situation, where 50% Forex bonus have not meet requirements for withdrawal; and that your account got emptied due to losses. Where you try to deposit funds again on that particular account; and do internal transfer; they will minus the bonus on your account. Therefore: DO NOT ATTEMPT to deposit on losing account if you may want to transfer the funds to another account within HotForex.

 

For example; if you receive a bonus of $50 dollar as that Forex Bonus, but you got a draw down to $0, and had already made losses below your main deposit amount. You deposit another $100, and try to do internal transfer. $100-$50, only $50 will be transfer to your other account. WARNING! Read their terms and conditions. Or choose not to take the bonus .

 

Special features: Internal Transfer**

You can transfer your funds within HotForex – works well for Introducing Brokers and Multi-account holders. Takes up to 24hours on each request; Live Support From HotForex are extremely friendly and helpful; and they will assist to your queries and issues. Great Customer Service from HotForex from my personal experiences; especially Mona and Louise.

Multi-Platforms and accessibility

• MetaTrader 4 Terminal
• Andriod Phones
• IPhone
• IPAD
• Smartphones
• Webtrader

Execution are relatively moderate and acceptable, could be faster and it will enhance its performance reviews. Allows hedging, auto take trades over weekend/daily through Swaps. Currenex account are extremely outstanding as you trade accordingly to floating Bid and Ask; and only pay on commission which is quite a low price compared to STP and Spreads. **

Fund Manager and Multi-Account Holders

Looking for manage client’s or friend’s funds? Instead of having all jumble up and mixed up funds allocation and profit/loss management. It’s all customized.

• Forex Investors

Do you want a chance to access the high potential profitability of the Forex Markets but do not have the time or the desire needed to master the currency markets? Do you want to invest in a Fund Manager, but need a little peace of mind? Hotforex’s PAMM system gives the Fund Manager the ability to trade your account, but not to make withdrawals from it. Only the owner of the account may withdraw the money.

 

Thus, you can assign your fund to be invested as a managed account to any Fund Manager of your choice. Think of it as auto trading by Professional Fund Managers with audited results by HotForex.

 

• Forex Fund Managers

HotForex also offers security for the Fund Manager. All settlement operations (fees, profit/loss distribution etc) are carried out automatically by Hotforex so you can concentrate on what really matters. Trading for your clients!

The Fund Manager will be able to customize the offering to the Investor by deciding on the rate of the management fee, performance fee, minimum investment amount, early withdrawal penalty etc. Moreover, the Fund Manager will be able to organize all of his/her clients together in one HotForex MT4 terminal. Leave the administration to us and concentrate on your trading.

How it Works??

Fund Manager
Fund Manager opens a Manager PAMM account which also specifies the Manager’s Proposal.

The Manager’s Proposal includes the following factors:
Minimum Capital: The minimum amount that the Manager accepts to manage on a per Investor Basis. Please note that the floor set by HotForex is at least $500 per Investor Account.
Success Fee: The percentage from the profits payable to the Fund Manager on a Monthly basis. This is based on a High Watermark* basis.

* High Watermark: The highest peak in value that an investment fund/account has reached. The high-water mark ensures that the manager does not get paid large sums for poor performance. So if the manager loses money over a period, he or she must get the fund above the high watermark before receiving a performance bonus. For example, say after reaching its peak a fund loses $100,000 in year one, and then makes $250,000 in year two. The manager therefore not only reached the high-water mark but exceeded it by $150,000 ($250,000 – $100,000), which is the amount on which the manager gets paid the bonus.

 

Trading Style: A description of the Manager’s Trading Style

The Fund Manager’s Profile will now be listed on the HotForex PAMM Website. Investors will be able to select to invest with a Manager via the listed profile.

NOTE: A manager may elect not to have his/her fund listed.

At the end of every month, the Success Fee will be deducted from the Investor’s Account and paid to the Manager. In the case that the account is not profitable no Success Fees will be deducted.

Example:
Investor deposits $1000 in a PAMM Manager account on the first day of Month 1. The success fee is 10% on profits on a monthly basis.

Month Starting Balance Profit 1 1000 100 2 1100 -200 3 900 200

Month 1: Manager generates $100 profit so at the end of the month is entitled to $10.

Month 2: Manager looses $200 so no Success fee is paid by Investor.

Month 3: Manager makes $200 in profit but is not entitled of any Success Fee.

This is because the Success Fee is based on a High Watermark Regime. This means that the manager took the account to its highest level at $1,100. So only when the ending balance of the account goes over that level will the manager gets paid the success fee.

Investors simply select a Manager’s Profile and select ‘Join Now’. We strongly encourage Investors to perform their due diligence before Joining a Manager. HotForex provides a multitude of statistics on every Manager’s Performance with the aim of providing Investors as much information as possible so they can make an intelligent choice.

 Cutting it short; you only pay the success fee/commission to the Fund Manager if they are making money for you.

 

Learn how to make money online-Passive Income

Simply create a blog through blogspot, wordpress or weebly; or others or own a website. Have a good write up on what you are trying to market and promote or share. Join HotForex’s partnership and affiliates. You are not paid on CPA ( Commission Per Account ) but rather revenue and commission based through trading.

This allows you to receive daily/weekly/monthly and its a recurrence profits and earnings! The bigger size of account size and active the trader/fund manager that have been referred under  you, the more passive income you will earn! MAKE MONEY ONLINE! This affiliate program is unique and you can build your sub-affiliates and you will see your passive income growth. Join the Affiliates and Introducing Brokers Program now on HotForex! Through life answers.

 

Life Answers feedback and reviews

Among the many Forex Brokers online; HotForex is one of the best, truly truth-worthy, reliable and have an excellent customer service team that will response to you in the quickest time possible. If you are interested to find out about other brokers and information you can refer to broker’s page on life answers here to compare the ratings and review on other Forex Brokers that life answers recommends.

 

INVESTMENT with Life Answers

If you are looking to invest with Life Answers through our Forex Fund Manager and other recommended online Fund Managers, kindly refer to our investment page here.

 

Signing off; wishing everyone a successful trading year on 2012!