HotForex Broker

Overview

HotForex Trading Accounts

Rank
7/10
Based on 17 Reviews
Position in Rating
35
Since 06 August, 2015
Vote
HotForex company is a subsidiary of HF Markets Ltd, was founded in 2010 in Mauritius. Broker is regulated by Financial Service Commission (FSC) and provides access to Interbank through automated trading platforms. HotForex can boast of its many years of experience and is famous for its reliability, honesty and transparency conditions. Broker has positioned itself as STP-company and trades without the involvement of third parties, directly with their liquidity providers. HotForex is a reliable partner for cooperation in the Forex market.
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Detailed Information

Min. Position Size, lot:
0.01
Min. Account Size, $:
50
Max. Leverage
1:1000
Spread:
Payment Options:
WebMoney, Neteller, Skrill (Moneybookers), Bank Wire Transfer, Visa \ MasterCard, Western Union
Regulation:
CySec
US Traders:
Demo Platforms:
MetaTrader 4, WebPlatform
Account Currency:

USD, EUR, GBP, AUD, CAD, CHF, DKK, JPY, NZD, PLN, SGD, CCK, HKD, HUF, MXN, NOK, SEK, TRY, ZAR, HRK, XAU, XAG, RUB

Website Languages:
English, Spanish, Russian, German, Portuguese, French, Arabic, Indonesian, Chinese, Czech, Italian, Polish, Romanian
Support Languages:
English, Spanish, Russian, Chinese
Support Methods:
Callback, Phone, Email, Live chat
Trading Server Timezone:
GMT +3
VPS for Traders:
Free VPS hosting is now offered to both new and existing customers who deposit a minimum of $5,000 and maintain this amount for the subsequent months.
Micro
Premium
Zero
Currenex
VIP
Min. Position Size, lot:
0.01
Min. Account Size, $:
50
Maximum leverage, 1:
1000
Spread Type:
Variable
Typical spread on EUR/USD, pips:
1.4
Min. spread on EUR/USD, pips:
1.0
Trading Instruments:
Forex — 1:1000
Gold & silver — 1:100
CFD — 1:100
Oil — 1:100
Trading Platforms:
MetaTrader 4
Digits after the decimal point in quotes:
5
Margin Call Level, %:
40
Stop-out Level, %:
10
Additional Features:
  • Swap Free
  • VIP
  • Telephone dealing
  • Scalping
  • Expert advisors
Min. Position Size, lot:
0.01
Min. Account Size, $:
500
Maximum leverage, 1:
400
Spread Type:
Variable
Typical spread on EUR/USD, pips:
1.4
Min. spread on EUR/USD, pips:
1.0
Trading Instruments:
Forex — 1:400
Gold & silver — 1:100
CFD — 1:100
Oil — 1:100
Trading Platforms:
MetaTrader 4, WebPlatform
Digits after the decimal point in quotes:
5
Margin Call Level, %:
50
Stop-out Level, %:
20
Additional Features:
  • Telephone dealing
  • Scalping
  • Expert advisors
Min. Position Size, lot:
0.01
Min. Account Size, $:
100
Maximum leverage, 1:
200
Spread Type:
Variable
Typical spread on EUR/USD, pips:
0.5
Min. spread on EUR/USD, pips:
0.0
Trading Instruments:
Forex — 1:200
Gold & silver — 1:200
CFD — 1:200
Oil — 1:200
Trading Platforms:
MetaTrader 4
Digits after the decimal point in quotes:
5
Margin Call Level, %:
50
Stop-out Level, %:
20
Additional Features:
  • Telephone dealing
  • Scalping
  • Expert advisors
Min. Position Size, lot:
0.01
Min. Account Size, $:
500
Maximum leverage, 1:
400
Spread Type:
Variable
Typical spread on EUR/USD, pips:
0.4
Min. spread on EUR/USD, pips:
0.2
Trading Instruments:
Forex — 1:400
Gold & silver — 1:100
CFD — 1:100
Oil — 1:100
Trading Platforms:
MetaTrader 4
Digits after the decimal point in quotes:
5
Margin Call Level, %:
50
Stop-out Level, %:
20
Additional Features:
  • Swap Free
  • Telephone dealing
  • Scalping
  • Expert advisors
Min. Position Size, lot:
0.1
Min. Account Size, $:
40000
Maximum leverage, 1:
300
Spread Type:
Variable
Typical spread on EUR/USD, pips:
0.6
Min. spread on EUR/USD, pips:
0.2
Trading Instruments:
Forex — 1:300
Gold & silver — 1:100
CFD — 1:100
Oil — 1:100
Trading Platforms:
MetaTrader 4, WebPlatform
Digits after the decimal point in quotes:
5
Margin Call Level, %:
50
Stop-out Level, %:
20
Additional Features:
  • VIP
  • Telephone dealing
  • Scalping
  • Expert advisors

HotForex Reviews

avatar
25 September, 2016

Po from Viet Nam

9

My opinion - worthy broker! Normal execution of orders, no interference into transactions, withdrawals are processed. I trade alone, haven't applied to tech support because there was no need. Got more profitable orders than the failed ones. I would like to have lower spreads, but they always say, that we'll see what we can do, heh!

avatar
27 April, 2016

Sang from Viet Nam

10

HotForex is based at Europe but the initial deposit is lower for Asia-based trader (me). I am trading Premium one for 6 months and everything was good, no issue happened except the spreads sometimes went high in news release time, I still managed trading well but it's better than most brokers I tried so far.

avatar
17 April, 2016

Ghnali from Oman

8

Came here by the recommendation from the forum, made test depo $ 400. Trading experience on forex is small, therefore, express my experience as a trader amateur: Not a bad performance on the lot size 0.01-1. As for a medium-term trader is not particularly important to me, but still do not want to overpay. Interesting bonuses proposals - sometimes actually beneficial. Traded out 5 lots, fully paid off. Regarding other conditions - nothing special, ordinary broker.

avatar
06 April, 2016

Andres from Estonia

7

I dont know what others expect. Perhaps some magical unicorn, instead of a brokerage, that would poop bucks pile for them. I know that good broker is measured in tight spreads and fast execution, and they completely fulfil my expectations

avatar
09 January, 2016

Ajaz Hussain Syed from Canada

8

Registered here about six months ago, everything is fine for me, courteous customer support, fast withdrawal. The trading platform is very handy and clear, even when just starting out, I did not have any difficulties. The truth is I would like some diversity, for e.x. a contest for customers, it would be super, and I would like to transfer money not only by bank transfer.

avatar
06 January, 2016

Jose Roberto from Portugal

7

No complaints regarding trading conditions, I trade on ECN and CFD accounts with fine order execution, in my view a good broker with a license, no delays with withdrawals.

avatar
04 December, 2015

ferhaan from India

8

Hotforex is one of the best broker in market. Tight spread, good customer support and specially fast withdrawal. I`m giving them 8/10 at current moment and will give them 10/10 later if they will keep continue the same or more better service in future.

avatar
17 November, 2015

Lauren Golding from Canada

1

The customer support is so bad. Hotforex like to terminate the chatting unexpectedly and never answer e-mails. I think this is rude. I am a new trader and they just never give me any solutions Luckily I haven't make any deposit yet. I will never recommend this company to anybody. Sucks....

avatar
10 November, 2015

Gérard Sevier from Cambodia

In my experience Hotforex had terrible customer service. Somtimes Hotforex company would not return calls for days and only after repeated messages. They are very friendly upfront right at first. Right up to the point you deposit money and start trading. Once they have your money deposited into there account the customer service goes away quickly.

avatar
07 November, 2015

billyholbrooke from Zambia

Very overrated broker, There are many other broker that give the nice bonus and offer. Don’t choose Hotforex as their promotion are just fake. Hotforex is bad broker. And scammed me!!!!!!!!!!!! Dont trust Hotforex. They never give you bonus as promised and their platform is not good.

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