Country of residence eligible for bonus program
Traders living in the following countries or regions are generally eligible for the bonus;
China, Hong Kong, India, Indonesia, Macao, Malaysia, Mongolia, Nepal, The Philippines, Singapore, South Korea, Sri Lanka, Taiwan
Also, traders living in the countries or regions not mentioned below table are eligible.
Country of residence NOT eligible for bonus program
Traders living in the following countries or regions cannot receive the bonus due to the restrictions imposed by the governing regulators.
USA, Canada, Sudan, Syria, North Korea, Iran, Iraq, Mauritius, Myanmar, Yemen, Afghanistan, Vanuatu, Vietnam, Bangladesh, Thailand, Algeria, Bahrain, Egypt, Jordan, Kuwait, Morocco, Oman, Saudi Arabia, UAE, EEA countries
While other FX brokers offer the time-limited bonus campaign, HotForex always offers the bonus campaign.
So you don’t have to be in a hurry to open an account.
| Example of HotForex’s Deposit Bonus Program |
| Deposit USD 500 + Bonus USD 500 = Account Balance USD 1,000
Deposit USD 5,000 + Bonus USD 5,000 = Account Balance USD 10,000 Deposit USD 50,000 + Bonus USD 50,000 = Account Balance USD 100,000 |
Above is a part of the bonus program offered by HotForex.
This article introduces the following bonus programs.
①100% Super Charged Bonus
②100% Credit Bonus
③Loyalty Program
In HotForex, a trader can open up to seven real trading accounts per myHF Account ID (login account). But 100% Super Charged Bonus and 100% Credit Bonus cannot be applied to the same trading account. So you need to use them wisely. In addition, Loyalty Program is applicable to all trading accounts.
HotForex Official Site (Click here to get bonus)
HotForex bonus program [Official Site] (Click here to get bonus)
Contents
Which Account Type Is Eligible for Bonus?
HotForex offers three types of accounts, Micro Account, Premium Account, and Zero Spread Account.
Eligibility of bonus differs between account types.
You can choose the account type when opening an account with HotForex. Before opening a trading account, you should create a myHF Account ID and then go to the account management page.
Which Account Type Is Eligible for Bonus?
Holders of the following accounts are eligible for the bonus.
・Micro Account (MT4)
・Premium Account (MT4)
As explained later, Premium Account is eligible for all types of bonus offerings. Please note that bonuses can be claimed only through MT4.
To open an account with HotForex (Official Site) → (Click here to get bonus)
Which Account Type Is Ineligible for Bonus?
・Zero Spread Account
Also, bonuses cannot be claimed through MT5. So you should use MT4.
How to Choose Bonus
A trader should choose the bonus at the time of opening a trading account. The above figure explains how to choose the bonus when opening a Premium Account with MT4.
①Create myHF Account ID and go to the account management page.
②Select either Micro or Premium Account [My Account] > [Open Trading Account] > [HF Markets MT4] and choose bonus.
Details of Bonus Offerings
As mentioned above, HotForex offers three types of bonuses.
①100% Super Charged Bonus
②100% Credit Bonus
③Loyalty Program
Difference between 100% Super Charged Bonus and 100% Credit Bonus
Below table explains the differences between 100% Super Charged Bonus and 100% Credit Bonus.
| 100% Super Charged Bonus | 100% Credit Bonus | |
| Eligible Account Type | Premium Account (MT4) | Micro Account (MT4)
Premium Account (MT4) |
| Number of Eligible Accounts | 1 | Up to 5 |
| Minimum Deposit for Bonus | USD 250.00 | USD 100.00 |
| Amount of Bonus | 100% bonus for deposit amount,
up to USD 50,000 |
100% bonus for deposit amount,
up to USD 30,000(*) |
| Withdraw ability | No | Yes (with some conditions) |
| Cashback (rebate) | USD 2.00 per lot | No |
| Maximum Cashback | USD 8,000
Available for transactions and withdrawal |
No limit |
1 lot = 100,000 currencies
In HotForex, a trader can open up to seven trading accounts with MT4 and MT5.
(*) A trader with multiple accounts can receive up to USD 150,000 in total as a bonus, depending on the number of accounts.
Summary of 100 Super Charged Bonus
・Multiply the amount of deposit to increase the leverage
・The USD 2.00 cashback per lot (maximum: USD 8,000).
Summary of 100 Credit Bonus
・Multiply the amount of deposit to increase the leverage
・Withdrawable up to USD 30,000 by trading the number of lots equivalent to a half number of total award bonus.
※ In HotForex, a trader can open up to seven real trading accounts per myHF Account ID (login account). But 100% Super Charged Bonus and 100% Credit Bonus cannot be applied to the same trading account. So you need to use them wisely.
100% Super Charged Bonus
HotForex bonus program [Official Site] (Click here to get bonus)
Summary of Bonus
| Campaign Period | No time limit |
| Eligible Account | Premium Account (MT4) |
| Details of Bonus | 100% deposit bonus (Not withdrawable)
The USD 2.00 cashback per lot |
100% Super Charged Bonus offers both 100% deposit bonus and cashback.
Summary of Deposit Bonus
・Available through MT4 (not available through MT5)
・100% bonus for every deposit, including the first deposit, of more than USD 250.00
・Applicable to one trading account per myHF account (one myHF account can link up to seven trading accounts)
・The amount equal to the deposit amount is added as a bonus (the leverage can be increased), up to USD 50,000 (see below).
・Withdrawal of bonus is not allowed.
・When the original deposit is withdrawn, the bonus awarded for such deposit will be removed.
・Bonus is excluded from the calculation of latent loss.
What is “The amount equal to the deposit amount is added as a bonus”?
If a trader deposits USD 500, the trader can receive USD 500 as a bonus.
Thus, the balance turns into USD 1,000.
The above figure shows the balance of the account after depositing USD 500. As the money equal to the deposit amount is added as a bonus, the total balance turns into USD 1,000.
In HotForex, USD, EUR and NGN are available as an account currency. If your home currency is not one of them, you are recommended to choose USD. When you use your currency to put money in your account, it is automatically converted into the specified account currency at the MT4 rate (the rate used for actual trading) free of charge. You do not have to change money by yourself.
NOTE: Bonus shall be excluded from the calculation of latent loss
If the margin of a trader consists of only deposit bonus, the open position with latent loss shall be subject to the loss cut. As MT4 includes bonuses into the margin, it is impossible to distinguish the bonus from the money actually deposited. Therefore, the margin percentage of the trading account including the deposit bonus cannot be an indication for maintaining the trading (to be exact, the forced settlement is made in accordance with the predetermined loss-cut line).
<For Your Information>
Unlike HotForex, the bonus offered by XM can be included into the calculation of latent loss. Eligibility of XM’s deposit bonus depends on the trader's country of residence. For details, please see the following article.
Related Article:【Closer Look at XM’s Extensive Bonus Program】 Why does XM’s program attract traders?
Summary of Cashback
・The USD 2.00 cashback, available for transactions and withdrawal, can be awarded per lot (100,000 currencies), up to USD 8,000.
・The minimum amount of rebated cashback is USD 5.00.
・Open positions for less than one minute are not eligible for cashback.
・Open positions for more than one minute but less than two minutes are not eligible for cashback.
100% Credit Bonus
HotForex bonus program [Official Site] (Click here to get bonus)
Summary of Bonus
| Campaign Period | No time limit |
| Eligible Account | Micro Account (MT4)
Premium Account (MT4) |
| Details of Bonus | 100% deposit bonus (Withdrawable) |
100% Credit Bonus enables traders to be conditionally awarded the withdrawable 100% deposit bonus.
Summary of Deposit Bonus
・Available through MT4 (not available through MT5)
・100% bonus for deposits of more than USD 250
・Applicable to up to five trading accounts per myHF account (one myHF account can link up to seven trading accounts)
・The maximum bonus per trading account is USD 30,000 and USD 150,000 per myHF account.
・Withdrawal of bonus is allowed by meeting the conditions.
・When the original deposit is withdrawn, the bonus awarded for such deposit will be removed.
・Bonus is excluded from the calculation of latent loss.
Differences between 100% Super Charged Bonus
・Applicable to multiple trading accounts
・Available for the conditional withdrawal
Conditions for Withdrawing Bonus
・A trader should make transactions (number of lots) in the amount calculated as below;
Number of Lots = Total Awarded Bonus Amount / 2
・The trader should apply for the withdrawal approval within three months after such transactions.
Example:
When a trader receives a USD 30,000 deposit bonus, the trader should complete the transaction of 15,000 lots (half of 30,000) and then apply for the withdrawal approval within three months.
Loyalty Program
HotForex loyalty program [Official Site] (Click here to get bonus)
Summary of Bonus
| Campaign Period | No time limit |
| Eligible Account | All accounts
except Demo and Contest Accounts |
| Details of Bonus | Redeemable point program |
Highly active traders can receive more bars (HotForex Bar).
In this program, traders can receive rewards depending on the number of transactions and convert them into money or use them for transactions.
In other words, this is a cashback campaign for frequent traders.
| Status | Red | Silver | Gold | Platinum |
| Condition | Registration | 31 active transaction days | 62 active transaction days | 105 active transaction days |
| HotForex Bars | 6 | 8 | 10 | 12 |
| Equivalent to | USD 0.17 | USD 0.23 | USD 0.29 | USD 0.34 |
Summary of Loyalty Program
・Applicable to more than one-lot (100,000 currencies), round-trip transactions. The transactions should be open for more than five minutes and have a difference of more than 5 pips between open and close prices.
・The predetermined bars are awarded per lot, depending on the status.
・Total number of bars to be awarded is unlimited.
・Traders can be rewarded USD 1.00 for every 35 bars. At least 1,000 bars are required to convert them to cash.
・Bars can be exchanged for the money of 100% Credit Bonus by meeting the following conditions;
①A trader should have at least 300 bars but the maximum number of bars for the exchange is 20,000.
②Bonus amount = Number of bars / 2
③A trader should be an existing 100% Credit Bonus account holder who has the fund on hand in the account and whose sum of the awarded bonus has not reached the prescribed cap yet.
NOTE
・Traders wishing to be eligible for Loyalty Program should apply for it after opening a real account.
・It is possible to add this program to the already-active real account.
・Bar level shall be reset and the acquired bars shall be removed if any transaction is not made for thirty consecutive days.
Thank you very much for reading this article.
