PORT LOUIS, Mauritius, January 22, 2015 /PRNewswire/ --
HotForex wins the important title 'Best Client Fund Security', a title which has been proven to be richly deserved during recent, unexpected market volatility caused by the decision of the SNB to reverse the CHF cap, which has irrevocably thrust the issue of client fund security under the global spotlight.
HotForex's unwavering commitment to ensuring the security of client funds has led to recognition by the Global Financial Market Review (GFM), a leading online financial news aggregator that has honoured HotForex with the prestigious 'Best Client Fund Security 2014' award.
A spokesperson for HotForex stated, "At HotForex, we realize that our clients want the peace of mind that they are entrusting their funds to a reliable broker and we are honoured that our efforts to provide a secure trading environment have been recognized by the Global Financial Market Review. By operating in accordance with regulatory requirements and putting in place advanced risk management processes, we are able to take unexpected market events and the resulting turbulence in our stride; this ensures a robust, dependable trading service and high level of security for our clients."
HotForex, a licensed and regulated broker, takes a multi-faceted approach to ensuring the security of funds:
Licensing and Regulation: HotForex is licensed and regulated by two respected regulatory bodies. HF Markets (Europe) Ltd is licensed and regulated by CySEC under license number 183/12 and HF Markets Ltd is licensed and regulated by the FSC in Mauritius.
Segregated Accounts: When clients deposit funds with HotForex, they know that their money will be held in segregated accounts at leading global banks.
Negative Balance Protection: If a client's account ever slips into negative equity, HotForex will absorb the loss and set the client's account balance to zero.
Capital Adequacy Requirements: HotForex ensures that sufficient liquid capital is available at all times to satisfy stringent Capital Adequacy requirements.
Risk Management: In order to maintain the Capital Adequacy Requirements set out by its regulators, HotForex has put an effective risk management procedure in place that ensures that financial obligations can be met at any point in time.
Investors Compensation Fund: HotForex (HF Market (Europe) Ltd) is a member of the Investors Compensation Fund (ICF), which means that any eligible Client Funds deposited with HotForex are insured up to 20,000 EUR. The broker also operates in accordance with the EU's Markets in Financial Instruments Directive (MiFID).
By combining an exceptional level of client fund security, highly competitive trading conditions, professional 24/5 support and innovative educational resources such as live webinars, HotForex continues to deliver a superior trading service that allows traders to concentrate on what they do best.
Risk Warning: Trading in FX and CFDs may not be suitable for all investors as it carries a high degree of risk. You may lose all of your invested capital. Ensure you fully understand the risks involved before trading, and if necessary seek independent advice.
Notes to Media:
HotForex is a leading, global FX broker that offers both retail and institutional trading services to clients from around the world. Since its foundation, the company has consistently won coveted titles from respected finance industry bodies for its innovative forex trading service provision. For more information about HotForex: http://www.hotforex.com
HF Markets Limited