HotForex is a well-established broker since 2010. HotForex has headquarters in Cyprus, Mauritius, Poland and United Arab Emirates. They are generally well-suited for HotForex to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by CySEC 183/12, DFSA (Dubai) F004885, FCA (UK) 801701, FSA (Seychelles) 8419176-1, FSA (St. Vincent & Grenadines) 22747, FSC (Mauritius) 094286 and FSCA (South Africa) 46632.


Company Information

Website
www.hotforex.com

Established
2010

Country
Cyprus, Mauritius, Poland and United Arab Emirates

Regulation
CySEC 183/12
DFSA (Dubai), F004885
FCA (UK), 801701
FSA (Seychelles), 8419176-1
FSA (St. Vincent & the Grenadines), 22747
FSC (Mauritius), 094286
FSCA (South Africa), 46632

Features

Bonus offers

Trading contests

Free education

Personal manager

Trading by telephone

PAMM accounts

Segregated accounts

Managed accounts

Affiliate program

Islamic accounts available

Vps

Account Information

Apart from the forex demo account, this broker offers Micro, Premium, HFCOPY, VIP, Islamic Account and Zero spread. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by HotForex is up to 1:1000. Meanwhile, you can open an account with a starting capital of $5

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:


pin

Minimum Deposit

$5

pin

Maximum Leverage

1:1000

pin

Spread

Variable

pin

Commission

$8


Minimum Deposit $5

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, HotForex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Soft commodities and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Micro account, HotForex specifically provides it with the following instruments and leverage:


Forex

Forex
1:1000

Gold & silver

Gold & silver
1:100

Cryptocurrencies

Cryptocurrencies
1:5


Minimum Deposit $100

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, HotForex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Soft commodities and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Premium account, HotForex specifically provides it with the following instruments and leverage:


Forex

Forex
1:400

Gold & silver

Gold & silver
1:100

Cryptocurrencies

Cryptocurrencies
1:5


Minimum Deposit $500

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, HotForex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Soft commodities for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for HFCOPY account, HotForex specifically provides it with the following instruments and leverage:


Forex

Forex
1:400

Gold & silver

Gold & silver
1:100


Minimum Deposit $20000

Minimum Position 0.1 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, HotForex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Soft commodities and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for VIP account, HotForex specifically provides it with the following instruments and leverage:


Forex

Forex
1:300

Gold & silver

Gold & silver
1:100

Cryptocurrencies

Cryptocurrencies
1:5


Minimum Deposit $150

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, HotForex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil and Soft commodities for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Islamic Account account, HotForex specifically provides it with the following instruments and leverage:



Minimum Deposit $200

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, HotForex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Zero spread account, HotForex specifically provides it with the following instruments and leverage:


Forex

Forex
1:200

Gold & silver

Gold & silver
1:100

Cryptocurrencies

Cryptocurrencies
1:5

Payment Methods

Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

HotForex also provides payment with Credit/debit cards, Ethereum, Litecoin, Perfect Money and Ripple




Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, HotForex offers you MetaTrader 4 (Limited with 30 days) and MetaTrader 5.

Customer Support

Do you have any question or find any trouble related to HotForex? If you do, you should reach HotForex's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
Bulgarian
Chinese
English
French
German
Greek
Hindi
Hungarian
Italian
Japanese
Korean
Malay
Persian
Polish
Portuguese
Romanian
Russian
Slovak
Spanish
Tagalog
Thai
Urdu
Vi

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

HotForex is an award-winning forex and commodities broker. Established since 2010, the company provides trading services and facilities to both retail and institutional clients. For more than 9 years in business, HotForex has around 1,500,000 live accounts opened and 200 employees globally.

Based on its services, HotForex can be regarded as middle-class category. Clients do not need to prepare a big deposit for joining to trade in this broker. Also, there are various accounts types, trading softwares, and tools to facilitate individuals and institutional customers to trade forex and CFD online.

HotForex is a registered brand name of HF Markets (Europe). Based on the location, the company is regulated by various financial regulators. Here are the details:

  • HF Markets (SV) Ltd, registered in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015.
  • HF Markets (Europe), authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with Licence Number 183/12.
  • HF Markets SA (PTY), authorized and regulated as a Financial Service Provider (FSP) from the Financial Sector Conduct Authority (FSCA) in South Africa, under the licence number 46632.
  • HF Markets (Seychelles), incorporated under the laws of the Republic of Seychelles with registration number 8419176-1, regulated by the Seychelles Financial Services Authority (FSA) under Securities Dealer Licence number SD015.
  • HF Markets (DIFC) Ltd, authorised and regulated by the Dubai Financial Services Authority (DFSA) under licence number F004885.
  • HF Markets (UK) Ltd, authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.

If traders have more experienced, knowledgeable, and sophisticated trading environment, they can join to become Professional Clients, who can manage and assess their own risk. For that reason, this kind of clients are granted access to more favorable rates but afforded with lesser regulatory protections than of retail clients.

Trading with HotForex can enable traders to access a variety of trading instruments like CFDs on Forex, Cryptocurrencies, spot metals (gold, silver, and others), energies (oil and gas), commodities (such as coffee, copper, and sugar), indices, bonds, and popular shares such as Google, Apple, and Facebook.

HotForex offers some of the tightest spreads in the market, starting from 0 pips in Zero Account. This broker quote major foreign exchange currency pairs to five decimal places. Therefore, traders have the opportunity to get more accurate in pricing and the best possible spreads.

HotForex receives numerous highly prestigious titles, including the huge honor of being selected to join the ranks of the World Finance Top 100 Global Companies. Others are Best Client Funds Security Global by Global Brands Magazine, Best Global Forex Copy Trading Platform by Global Forex Awards 2019, Fastest Growing Forex Broker Mena 2019 by International Business Magazine, and many more.

After opening an account in HotForex, traders will obtain various forex trading platforms to accommodate all of their trading demands. Whether traders like to trade from desktop or prefer to trade on-the-go, they can use MetaTrader 4 in desktop (terminal, multi-terminal, and web terminal) and phone (iPhone, iPad, and Android).

Clients’ funds are held in segregated accounts. Only major banks are used by HotForex because they believe that successful traders have to give their full attention to their trading rather than worrying about the safety of their funds.

Traders do not need to worry about transaction fees when depositing and withdrawing. Transaction fees are not charged, and diversity of payment methods enable them to choose between Wire Transfer, Bank Card, and online payments (Neteller, iDeal, Sofort Banking, and Skrill). HotForex ensures that traders make fast transactions 24/5 during the standard hours.

Traders can earn extra income by joining the affiliate program offered by HotForex. Clients who join this program will get some advantages, such as 60% of Net Spreads based on the volume traded by sub-clients, up to $15 per a lot of net revenue, and many more. More information about HotForex can be obtained on their official website which is supported in 27 languages.

From the review above, it can be concluded that HF Markets is one of the award-winning forex and commodities brokers. There are various account types traders can choose in HotForex, and the broker itself becomes a favorite among traders for its low spreads. This condition is very suitable for traders with limited funds and a desire to get more opportunities to gain maximum profit.




FAQ About HotForex


Is HotForex a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if HotForex is a good broker for you or not by reviewing the criteria. In general, HotForex provides trading service in Forex , Gold & silver , CFD , Oil , Soft commodities and Cryptocurrencies . As for the payment methods, you can choose between Bitcoin, Credit/debit cards, Ethereum, FasaPay, Litecoin, Neteller, Perfect Money, Ripple, Skrill, WebMoney and Wire transfer. The customer support is available via Email, Live chat and Phone.


What is the minimum deposit for HotForex?

The starting capital in HotForex is $5.


Is HotForex regulated?

HotForex is regulated by CySEC 183/12, DFSA (Dubai) F004885, FCA (UK) 801701, FSA (Seychelles) 8419176-1, FSA (St. Vincent & Grenadines) 22747, FSC (Mauritius) 094286 and FSCA (South Africa) 46632. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is HotForex legit?

HotForex is a brokerage company offering trading services for clients since 2010 with offices in Cyprus, Mauritius, Poland and United Arab Emirates.


Give Your Review and Rate This Broker


These aspects are optional but will determine your review's reliablity


8 Reviews

Xavier A
This review is not supported by evidence

Jul 22 2020

HotForex is great! Their service is good, the premium account spreads are better than other brokers, also their execution and server are stable from both web-trading and MT4. During 5 months of trading at HotForex, I have slipped a lot of times but it doesn't matter either, it can be an input for HotForex. Great!

Mariana
This review is not supported by evidence

Jul 22 2020

Hotforex is great, not bad, though my trading is still on a demo account. I also like this broker because they've held some seminars in Indonesia. I joined them twice :)

Nice to see you, I'm from Indonesia.

Monica B
This review is not supported by evidence

Jul 22 2020

As long as I trade on Hotforex broker, I found no problem. Their service is satisfying, highly recommended for beginners because the spread offered is interesting. Plus, the HotForex server is rarely down. Nice work!

Claudia
This review is not supported by evidence

Jul 22 2020

Hi, I'm from Indonesia. HotForex provides deposit and withdrawal methods by Indonesian local banks, and it eases me a lot! Thank you!

Fechia Gaze
This review is not supported by evidence

Jul 22 2020

HotForex is the best broker I've ever found! Their customer care is very nice, also their deposit and withdrawal process is quite good!

Laura Bay
This review is not supported by evidence

Jul 22 2020

HotForex is getting more awesome day by day! They even invite one of the actors of GOT (Game of Thrones). I wish they can invite Sansa Stark one day *lol

No Need Name
This review is not supported by evidence

Jul 22 2020

I've never got any merchandise from HotForex. I think it's because of my deposit number (FYI, I do only a little deposit). I choose HotForex just for comparing the market prices among other brokers I used (3 brokers).

S. Gabrielle
This review is not supported by evidence

Jul 22 2020

I got merchandise from HotForex Loyalty Program. They give me a new shirt and hat xoxo. Thank you!