hotten broker Accounts

hotten Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: hotten Account Types Overview

hotten Account Types Explained

hotten offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of each account type:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, access to all trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools and analytics.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Part 2: hotten Account Features Comparison

Detailed hotten Account Features

When comparing the features of different hotten account types, the following aspects are crucial:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Spreads:

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• All accounts support MT4 and MT5.

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Islamic Account Availability:

• Yes, available for Standard and Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual balance, access to all trading instruments, and similar trading conditions as live accounts.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly interface.

• Access to a wide range of instruments.

• ECN Account:

• Tight spreads and low latency.

• Direct market access.

• Ideal for scalping.

• Pro Account:

• Advanced trading tools.

• Lower commission rates.

• Suitable for high-volume trading.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Available for all trading instruments.

• Demo Account:

• Risk-free trading environment.

• Ideal for practice and strategy testing.

• No financial commitment.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees may reduce profitability.

• Pro Account:

• Requires a higher initial investment.

• More complex trading tools may overwhelm beginners.

• Islamic Account:

• Limited to specific trading conditions.

• May not be suitable for all trading strategies.

• Demo Account:

• No real financial gain.

• May not replicate live trading conditions accurately.

Part 3: hotten Account Opening Requirements

hotten Account Registration Requirements

To open a hotten account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; check specific restrictions.
• Prohibited Countries: Not specified; check with hotten for the latest updates.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license).
• Proof of residence (utility bill or bank statement).
• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• hotten adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring identity verification and documentation submission.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Part 4: hotten Account Opening Process

Step-by-Step hotten Account Opening Guide

1. Visit Website and Click Registration: Go to the official hotten website and click on the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and contact number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the necessary identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• Registration can be completed on both desktop and mobile platforms, with similar steps; however, mobile registration may have a streamlined interface.

Common Registration Issues and Solutions

• Issue: Document rejection.
• Solution: Ensure documents are clear and meet the specified requirements.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings to request an upgrade or downgrade.

Part 5: hotten Demo Account Information

hotten Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments.

• Risk-free trading environment.

• Ability to practice strategies without financial risk.

• How to Open a Demo Account:

• Visit the hotten website and select the demo account option.

• Fill in the required information and create your demo account.

• Demo Account Limitations:

• Limited to virtual funds; no real profits can be made.

• May have time constraints on usage.

• Virtual Balance Amount:

• Typically set at $10,000 for practice.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts require real money.

• Market conditions may differ slightly between demo and live environments.

• Duration/Expiry of Demo Accounts:

• Demo accounts usually remain active for 30 days, but this can vary based on the brokers policies.

Part 6: hotten Islamic Account (if available)

hotten Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, hotten offers Islamic accounts that comply with Sharia law.

• Eligibility Requirements:

• Must be a Muslim trader.

• Standard identification and verification documents are required.

• Differences from Standard Accounts:

• No swap fees on overnight positions.

• Similar trading conditions as the Standard Account.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Must adhere to Islamic trading principles; no interest-based transactions.

FAQs – hotten Account Types & Opening

1. What account types does hotten offer？

• hotten offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: Virtual balance.

1. How long does hotten account verification take？

• Verification typically takes 1-3 business days.

1. Does hotten offer demo accounts？

• Yes, hotten provides demo accounts for practice trading.

1. Can I have multiple account types with hotten？

• Yes, traders can hold multiple account types.

1. Does hotten offer Islamic/swap-free accounts？

• Yes, hotten offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a hotten account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through your account settings.