HotForex offers clients a choice of five types of accounts, depending on location (clients in the European region will only have access to three accounts). Trading conditions vary depending on the minimum deposit level. Traders in China can choose their accounts based on their trading strategy, level of funding, and the size of the trade they wish to make. Also, you can go to http://www.cnie.org/china/ to find the HotForex broker that assists traders from China.
All accounts are market execution, and most are available on the MT4 and MT5 platforms.
Micro Account: This account is the smallest account available at HotForex. The minimum deposit is 5 USD, and the maximum leverage is 1: 1000. The spreads vary and start from 1 pip on the EUR / USD pair. No commission is charged. This account is available on the HotForex MT4, MT5, and Webtrader platforms.
Premium Account: Premium accounts require a minimum deposit of 100 USD and offer a maximum leverage of 1: 500. The spreads are generally tighter than on the Micro Account but also vary and start from 1 pip on the EUR / USD pair. This account is available on the HotForex MT4, MT5, and Webtrader platforms.
Zero Spread Accounts: Zero Spread accounts offer raw spreads, starting from 0 pips on the EUR / USD pair. The minimum deposit is 200 USD, and a commission of 3 USD is charged per lot (6 USD for re-transactions). This account is available on the HotForex MT4, MT5, and Webtrader platforms.
Auto Account: Not available on MT5, this account is created for novice traders in China who want to automate their trading process with signals and bots from the MQL5 community. The minimum deposit is 200 USD, the maximum leverage is set at 1: 500 and the spread varies from 1 pip.
HFcopy Account: Not available on MT5, the HFcopy account is specifically for those who want to copy the strategies of more experienced traders from China and those who want to offer their strategies for others to copy. Any other copying strategies will incur a performance fee. The minimum deposit is 100 USD for followers and 300 USD for strategy providers. The maximum leverage is 1: 400 and the spreads vary from 1 pip.