Welcoming the second half of 2014, forex broker HotForex launched new pair USDCNH and a new account which integrates MQL5 Automated Forex Trading with new twist.
HotForex entered into a new territory by offering an account with integrated forex trading signal service. Such promotion is not particularly new. Forex broker XM among others, have been providing free forex signal service for their clients. As well, many forex brokers have been promoting cooperation with copy trading or signal providers for some time, established a trend in the industry. However, this is the first time HotForex has offered forex signal.
Integrated Forex Signal
HotForex last week announced the launch of HotForex Auto Account, a new account type that allows automatic trading by copying signals from MQL5, a leading global copy trading service. Registering to the HotForex Auto Account will give you the chance to subscribe into one signal from the many variety of free and paid signals offered in MQL5. The MQL5 Automated Forex Trading is built-in into your MT4 platform, and there will be no commission or hidden charges.
HotForex Auto Account could be opened with initial deposit as low as 500 USD. Maximum leverage provided is 1:400, with trade size 0.01 lot on 0.01 increments and floating spread started from 1 pip. A comprehensive guide about HotForex Auto Account and MQL5 Signals is available in Hotforex website.
Hot New Currency Pair
On another note, hot on the heels of Alpari RU, HotForex announced that they have jumped onto the Chinese Yuan bandwagon along with FXCM, Saxobank, and many others. HotForex clients will now be able to trade USDCNH pair. The addition of offshore Chinese Yuan completed the list of 45 major and exotic currency pairs provided by the Mauritius-headquartered forex broker.