HotTrades Review – A Scam Broker You Should Avoid
HotTrades Review – A Scam Broker You Should Avoid

There’s a lot to talk about with this company, from its parent company’s regulatory warning to the firm’s attempt to replicate a legitimate corporation to HotTrades’ awful trading conditions. You’ll learn everything you need to know about HotTrades in our honest and thorough review.

Broker status:Offshore Broker
Regulated by:Unlicensed Scam Brokerage
Blacklisted as a Scam by:CMVM
Owned by:Trinity Capital LLC
Headquarters Country:N/A
Foundation year:N/A
Supported Platforms:MetaTrader 4
Minimum Deposit:$1000
Cryptocurrencies:Not Available
Types of Assets:Stocks, Commodities, Indices, Bonds, Metals
Maximum Leverage:1:500
Free Demo Account:Available
Accepts US clients:Yes

What About HotTrades Regulation?

Because HotTrades’s parent firm is located in St. Vincent and the Grenadines, the company is not subject to any regulations. It is no surprise that Trinity Capital has turned to scams since the markets in St. Vincent are unregulated. As a result, any company operating from there that is not subject to further regulation should be avoided.

Why Is It Important For A Broker To Be Licensed?

A Tier 1 license indicates that the broker follows all regulatory requirements and is protected from client losses. We looked in the FCA (Financial Conduct Authority), ASIC, and BaFin databases to see if HotTrades was regulated, but we couldn’t find it. As a result, HotTrades should be avoided because they are not licensed.

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HotTrades Warnings From Financial Regulators

HotTrades Warning The Parent Company

HotTrades is controlled by a parent business called Trinity Capital LLC, and we discovered throughout our investigation that the parent company has been issued another warning by the Portuguese regulatory authority, the CMVM.

The fact that HotTrades is owned by Trinity Capital is quite troubling since it implies that the broker is nothing more than a rebranded version of an old fraud! At all costs, stay away from it!

Traders’ Reviews About HotTrades

HotTrades’ clients have been complaining and expressing their discontent with the trading broker. According to some clients’ feedback, HotTrades appears to be a shady broker. As a result, the utmost caution should be exercised before investing through their platform.

What Platforms Does HotTrades Offer? – Available Trade Software

It may come as a surprise to learn that this broker offers access to one of the greatest and most functional trading platforms available – the iconic MetaTrader 4.

HotTrades Provides MetaTrader 4 Platform – Trade On Mobile And Desktop

But this fact is not enough reason to trust the trading company. We strongly suggest you check out this fantastic trading software – but only with a reputable and regulated broker.

All About HotTrades� Accounts

The broker offers three types of trading accounts:

  • Silver – $1,000
  • VIP – $10,000
  • Platinum – $25,000

In the meantime, avoid scammers like�Fusionfx24, TradingBloom�and�Tradiso. If possible, tell us about your scam experience.

Demo Account –�No Access To Trading Functions

HotTrades Demo Account No Access

While a Demo account is being offered by the broker, you are unable to use it. You will be forwarded to the live trading account registration page, making trading functions unavailable to anybody.

HotTrades Broker – Countries Of Service

We may deduce from the vast majority of complaints that the company primarily targets the following countries:

  • US
  • Canada
  • UK
  • Vietnam
  • Portugal

HotTrades Range of Trading Instruments & Markets

These are the trading instruments available through HotTrades:

  • Stocks
  • Commodities
  • Indices
  • Bonds
  • Metals

Minimum Deposit

The minimum deposit required is far too high, which is $1,000. There are legitimate brokers that require only a $1 deposit.

HotTrades Leverage

In most jurisdictions, regulatory authorities have capped retail traders’ leverage, but the broker is offering leverage as high as 1:500, indicating that its goal is to attract more victims.

Scam Bonus Policy

When you look at HotTrades’ services, you’ll notice that they provide trading bonuses to their customers. Offering these bonuses has been illegal in a lot of jurisdictions, therefore this should be taken as a red flag.

HotTrades Trading Conditions

The spreads on the broker’s MT4 were 2.4 pips on the EURUSD pair, which was far from spectacular. Most trustworthy brokers strive for spreads of 1.5 pips or less. Trading with HotTrades’ spreads would almost certainly not be profitable for you.

HotTrades Deposit, Withdrawal Methods and Fees

The platform offers a variety of payment options. But keep in mind that no one has been able to withdraw their funds.

Payment Method Of Legitimate Brokers

Legitimate brokers accept a variety of payment methods, including debit and credit cards, as well as wire transfers with no restrictions on withdrawals. Some reliable brokers allow you to withdraw your profit practically instantaneously.

Scammed by Invest HotTrades Broker? – Let Us Hear Your Story

Let us know if you were fooled by a phony firm or a HotTrades broker. Our chargeback experts will examine your situation and advise you on the best method for recovering your payments during a free consultation.

But What Is A Chargeback?

A chargeback is a method of reversing transactions in the event of fraud. If you call us soon away to schedule a free consultation, our specialists may be able to assist you in recovering your funds. Right now, we can help you.

What Is HotTrades?

HotTrades is an unregulated online trading organization, so you should never entrust your money to them.

Is HotTrades a Scam Broker?

The company is a fraudulent broker that operates without a license.

Is HotTrades Available in the United States or the UK?

The broker is operating without a license in both countries.

Does HotTrades Offer a Demo Account?

Yes, it does but you can’t access it.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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