I would certainly say ‘YES’. This is a broker I have personally traded with and I have found him to be quite trustworthy and also very much concerned about beginners who wish to start their Forex trading with them.
I know as a beginner, you are very much worried about the security of your hard earned capital and that is very normal with any serious financial investor. One of the most sure ways that you can be guaranteed that your money is safe is by ensuring your broker is regulated by a legitimate regulation body. HotForex broker is regulated by the SVGFSA, which is an organization that regulates international financial markets as well as non-bank financial institutions as per the contemporary legislation for economic and social development of Saint Vincent and the Grenadines where its headquarters are.
Hotforex have 7 account types; Micro, Premium, Zero, Fixed, VIP, Auto and PAMM. The micro account is the best for beginners. This is because it allows for a leverage of up to 1:1000 and a minimum deposit of as low as $5. It also has a limitation of up o 150 open orders which is a great feature in regulation how beginners trade.
The broker also allows for an unlimited number of demo accounts, meaning that a trader can open as many demo accounts as he/she wants. This gives the beginners an upper hand since they will get a place to practice their trading skills before trading their real money.
They also provide video tutorials among them being the ‘beginners course’, which has four topics that are very rich on all the information the beginner needs to understand the basics of the forex markets and trading. However, for you to access the video tutorials, you have to have registered for a live trading account.
HotForex also allows for a variety of deposit/withdrawal options among them wire transfer, credit or debit cards, WebMoney, Skrill, Neteller and Western Union.
If you are a beginner, I think this is a Forex broker whom you can invest with! Unless there is any other clarification needed.
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