skip to Main Content
Help

HOW TO OPEN A WALLET/TRADING ACCOUNT WITH HOTFOREX

  1. Get these documents ready: (a) PLE (Proof of legal existence) Like E-Passport, Driver’s license, Permanent Voters card, National ID card. In the case of having only the NIMC slip, please attached your original birth certificate with it.

(b) POA (Proof of Address) please be informed that the document bearing your names and address is required here. Example, Bank Statement, electricity bill, gas bill etc.

N/B: make sure that when filling the wallet account opening from, the address you provide must be same with that of the POA document you are providing.

  1. Click this link (https://www.hotforex.com/?refid=311042) Then follow the instructions that follows.
  2. The account currency base is USD
  3. Client type is “Individual”
  4. Then fill in your personal information and make sure you have an ACTIVE EMAIL address. When you are done with filling the form and you click register, a mail is sent to you from the broker for activation. Go over to your mail box and click on the link to authenticate the registration. Then the second part of the form opens up and you fill it accordingly as it is required. (You can call on any of our staff over the mobile numbers on the page for assistance). After filling the form and submitting it, you can then proceed to upload your POA and PLE documents and send as the last thing. When your account is approved, then you can now fund it for trading.

When your account is funded (click on deposit on your Hotforex wallet page) to read about the different deposit option available, you can now open a live trading account.

HOW TO OPEN A LIVE TRADING ACCOUNT

On your Hotforex wallet page, click on “open new trading account” when it opens up for you to fill up information, do the following:

Bonus? Choose no bonus

Signal provider? No

Account type? Is chosen based on equity.

Leverage? Leverage is chosen based on equity.

Equity size

Account type

Leverage

$100 - $1,000

Micro

1:500

$1,000 - $2,000

Micro

1:400

$2,000 - $5,000

Premium

1:200

$5,000 - $10,000

Premium

1:100

 

N/B: Equity is the amount of money you want to invest or start trading with. And so you deposit that amount into your dollar wallet account. How? Read about deposit option on your Hotforex wallet account.

After you have chosen your account type and leverage as it suits your equity, then you can click ok and the account is created. When that is done, your user ID login, trading password, investor password, phone password, leverage and server information is displayed and also sent to your email address for a copy.

It is at this point that you decided either to go for port folio management Option A or Option B.