Auto Account

HotForex is quite new to the Forex trading market concerning the popularity and brand awareness, even though the company has been in operation since 2008. The broker has recently re-invented its customer-oriented attitude by offering an excellent customer service platform, which has enabled the company to receive a ton of awards from several recognized institutions from Europe, Asia, Africa, and the Middle East. 

The primary requisite for any broker to achieve recognition in the Forex trading industry is to listen to their customers, which is exactly the strategy that HotForex followed to achieve immense success among global retail traders. However, when it comes to choosing an account, HotForex provides nine different types of accounts, which is a lot for the average trader. 

The minimum deposit required to open an account is $5, while the maximum HotForex leverage is 1:1000. In our opinion, the leverage is too high for a Forex trader, but larger accounts have comparatively rational leverage to the tune of 1:400 or lesser margin. 

The different types of trading accounts are as follows:

• Micro Account: $5 deposit, 1:1000 leverage, spreads from 1 pip
  
• Premium Account: $500 deposit, 1:400 leverage, spreads from 1 pip
  
• Zero Account: $100 deposit, 1:200 leverage, spread from 0 pip
  
• Currenex Account: $500 deposit, 1:400 leverage, spreads from 0.2 pips
  
• Fixed Account: $500 deposit, 1:400 leverage, fixed spread
  
• VIP Account: $20,000 deposit, 1:300 leverage, spreads from 0.2 pips
  
• Auto Account: $500 deposit, 1:400 leverage, spread from 1 pip
  
• HF Social Account: $100 deposit, 1:100 leverage, spread from 1 pip
  
• PAMM Account: $500 deposit, 1:300 leverage, spread from 1 pip
  

The HotForex Auto Account opens the world's financial markets to even novice investors by giving them the opportunity to subscribe to free and paid Trading Signals from the MQL5 Community, which is built-in to the HotForex MT4 trading terminal. Investors can automatically copy the signals of any Signal Provider with paid Signals being subject to a one month performance verification period.

A study says that over 70% of the institutional trading volume in trading is automated, while just a little piece of the retail volume starts from computerized trading frameworks. Rather than manual trading, mechanized trading consolidates surrendering a specific level of control either by permitting a PC to execute your trades on the back of a specific framework OR by taking after a (human) untouchable with (plainly) ideal trading accreditations over those of your own. I do options trading at FXPRO as it is one of the best options brokers.

From you broker you can get the offer of various trading accounts. A trader need to choose what will be the best for his or her start. Also they can change or swap lately depend on their experience and needs. I am not much likely prefer auto account for trading. Though I like to get some options offer by forex brokers.

In the era of digitalization the world is now running on automated program. Forex trading is not out of this automation system. Forex trading is almost looks like stock exchange. But it is totally automatic process. And the market is fully online based. Trader will select a broker upon what will be best for them.