The spread is the difference between the bidding the asking price is called the spread for a particular currency pair. Forex brokers make money on the spreads making the difference wider than it is on the actual market. For example, the forex broker pays a price of 1.3600 for buying. The broker will then offer you to buy this currency for 1.3601. Of course the spread always stays around the actual price, however, when you buy, you get one end of the spread and when you sell you get the other end of it.
HotForex received two important awards in 2013 by the popular World Finance magazine. The online broker maintained a title of the Best Online Broker in Asia for the second consecutive year. Additionally, the broker has been recognized as the Best Online Broker in Eastern Europe 2013. The awards show a strong position of Hotforex in the online forex brokerage, in particular, in Asia. It looks like their clients respond favorably to the high level of service they offer.
Every month the top 10 forex traders will be featured on the HotForex Awards Page, serving as Tribute to Top Traders.The number one Trader will be awarded the the HotForex award and a $1000 cash prize as a showcase to the excellent forex expertise that lead to the remarkable performance.
eToro has been licensed by the Financial Conduct Authority (FCA) of UK to offer financial services to all the forex traders under a UK broker license. This regulation is another seal of confidence for traders who wish to explore their strategies and technical analysis and discover how simple, appealing and thrilling the world of social trading of eToro is.
Add to this the US-licensed branch eToro USA and you get a perfect broker of your choice.
Note that eToro’s social investment network includes 2.75 million registered users in over 190 countries. Thousands of new accounts are being opened every day.
Due to popular demand the 100% Credit Bonus promotion of HotForex has been extended until the 31st of July, 2013. The promotion essentially doubles your forex trading power when you make a new deposit.
HotForex clients who sign up for the 100% Credit Bonus will enjoy the following benefits: protection from margin calls and stop outs during draw-down periods, increased leverage, full bonus amount withdrawal. Sign up for the promotion.
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