HotForex

Overview

HotForex Trading Accounts

Rank
7.5/10
Based on 23 Reviews
Position in Rating
24
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
30 July, 2017

Dyal Singh from United Kingdom

9

I started trading with this broker a few years ago and the best thing that i can share about this broker is the overall satisfaction which i have gained while trading with this broker. They offer quite competitive spreads along with a good margin that has helped me grew my portfolio over the time. They are also good at processing withdrawals however i usually get a confirmation call too because my withdrawal amount exceed 500 dollars. Still i found them good at serving their clients.

avatar
04 April, 2017

Caleb Wekesa from Kenya

10

Have traded here for since 2016 and have had hustle free trading , no interference and love their hotforex master card that allows instantaneous deposits and withdrawals and seamless transactions with my local bank. Their regulations with financial markets authority gives them good credibility.

avatar
29 March, 2017

Farheen from Pakistan

10

I started three months earlier and i am glad that i am trading with the best broker with best services. I have made a lot of trades since i have joined this broker and all of them went smooth. Trading spreads are low too and there is no restriction in withdrawing profits from them.

avatar
22 March, 2017

Iseki from France

4

I have been funding my account with the same credit cards and they ask again more and more papers. This is very annoying and a waste of time when you need the money to be deposited on the account right now. I really hate that.

avatar
27 February, 2017

Agha Qamar from Pakistan

9

A good broker with competitive spreads in my opinion. Reasonable leverage with smooth trading platform i guess. Instant deposits and hassle free withdrawals so far. I believe this is the best broker that i have chosen in my life. Really good one..!

avatar
05 January, 2017

Mishal from Pakistan

9

Good options to choose and sufficient trading pairs with easy execution. I had started two months earlier and had withdraw some profits as well. I think they really worth giving a try!

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

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