CySEC licensed HotForex bans Bonuses & limit Maximum Leverage as of February
CySEC regulated Forex brokers are ceasing to offer all bonus promotions.
Notice
This Post has ended its release period. Please check HotForex's latest information and campaign on HotForex's company introduction page.
HotForex - What's now?
We are no longer promoting HotForex. The information regarding to HotForex on the website 'Hercules.Finance' maybe outdated. ref. HotForex
HotForex(HF Markets (Europe) Ltd) has announced that the broker has made changes to several Terms & Conditions due to the recent regulatory announcements by CySEC(Cyprus Securities and Exchange Commission) and the ESMA(European Securities and Markets Authority).
The changes will take effect on your trading activities from January 29th.
We have summarized some of the important changes, please read the followings carefully.
Default Leverage to 1:50
All new trading accounts opened after January 29th, will have maximum leverage set to 1:50.
Higher leverage up to 1:1,000 is available to clients who have passed certain “Appropriateness Test” given by HotForex.
If you fail the test, you are allowed to use leverage up to 1:50 only.
Termination of Bonus Promotions
As of January 28th, HotForex will cease offering all bonus promotions.
Although the above condition, “Daily Cash Rebates” with the Trading Rebate Program and “30% Rescue Program” will be available continuously after the date.
Several Revisions of Policies
HotForex has made several changes to some policies, which includes “Order Execution Policy”, “Account Opening Agreement” and others.
You can find the full list of latest HotForex’s legal policies in the official website.
The official announcement of this changes can be found in the below PDF.
HotForex Changes in Terms and Conditions
For more information regarding to this change, please contact HotForex 24/5 support team.
