HotForex Review, Rating and Comparison

Overview

HotForex Trading Accounts

Rank
7.04/10
Based on 31 Reviews
Position in Rating
24
Since 06 August, 2015
Vote
Company Reviews
«I Trust» 0% (0) Standart 100% (31) «Scam Alert» 0% (0)
Official Name
HotForex
Headquarters
HF Markets Europe Ltd Spirou Kyprianou 50 Irida 3 Tower 10th Floor Larnaca 6057 Cyprus
Offices in
Cyprus, Mauritius
Year founded
2007
Official Website
Official e-mail
Phone numbers
+35724400561
+35724400582
+35724400572
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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Rating chart

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
27 June, 2018

DanAgua from Singapore

8

My personal experience is really good. hotforex does have a very good reputation. i would like to reiterate that affiliate persons do not actually reflect the brokers credibility, some thing tells me thats what happened, and usually due to people lack of true forex trading realization. i advice to contact the company regarding the matter, as long as the trader underwent the proper procedure. we all want to earn atleast do it the right way. no one wants to lose money, bit there is no denying there is no 0% risk in anything we do in general. best of luck. just made another withdrawal wed june 20, and got it the next day with no problems.

avatar
27 June, 2018

Jamaal from Tunisia

1

They cheat without restraint. They have long been deceiving newcomers for money. PR managers are very good at trying, seems they have nice salary, they write about good service everywhere! LIE!

avatar
24 May, 2018

Duy from Vietnam

7

I just successfully withdrew >1k USD to my Skrill account from HotForex within 24 hours. Good trading conditions and easy to withdraw. Such a credible broker!

avatar
21 March, 2018

Samareen from Pakistan

8

After opening account with this broker i had found out that making a profit withdrawal is no difficult task. They give you the multiple options to transfer funds to either ewallets, a credit card or bank account. I selected skrill account and the payment arrive within next day. They are legit decent broker I guess.

avatar
07 March, 2018

Debye from Indonesia

2

With this broker you have to be more careful. If you analyze the description, then a good trading environment here. An account can be create by anyone, even a student, because the minimum deposit. BUT, there are a lot of shortcomings and they are serious in fact. The execution of orders is deplorable. Withdrawal of funds with long delays.

avatar
08 February, 2018

QNC from Vietnam

8

Good broker,, very easy to deal with the right amount of security to ensure safety, live is good with many advanced tools. Reliable broker!

avatar
22 October, 2017

Reem from United Arab Emirates

7

Just started with this broker with 1000 AED. The trading is good but i did not get much time to explore more. I had made small withdraw of profit as well. I can say that this is a good broker.

avatar
06 October, 2017

anderey hurry from United Kingdom

7

what is hot forex ? what can they, how to do work you with them see here http://www.fxdailyinfo.com/?p=forex-brokers&page=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.

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