HotForex

Overview

HotForex Trading Accounts

Rank
-
Based on 39 Reviews
Position in Rating
-
Since 06 August, 2015
Vote
Company Reviews
«I Trust» 0% (0) Standart 100% (39) «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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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
15 March, 2019

Xuan Thanh from Vietnam

8

Reputable broker for 10 years name, good spreads and various trading options. Easy deposit withdrawl. Really satisfied, I invested to a PAMM account 3 months ago and it returns profit steadily.

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13 February, 2019

Usman Arshad from Pakistan

1

Well, Well, Well, here we go again, I never thought that I would write review about hotforex again after 4 years but things are getting worst with them. ECN Broker-Complete Lie B Booking- going on full time Stop Hunting Execution issue 7/10 Customer support -Pathetic Arrogant behavior- this one is added recently I had account with hotforex 4 years back and when I started to make money, I faced all above issues, after reviewing it on forexpeacearmy, they resolved some of the issue, but my relationship with hotforex ended with some of the continuous issue, changing instrument timing without informing clients etc. I opened account again due to personal relation with their Manager Mr. Sohail Khan( who also resigned due to issues with hotforex) who promised me that there would be no issues and my account will directly be connected to market and there is no B Booking involved, if some of you don’t know what B booking is, its market making, they trade against you rather than sending your trades to markets. Last weekend they stop hunted me on 2 of my positions with sudden spike and after that price went to normal. I have deposited more than 10k usd in last 2 months, but greed is curse and they just stop hunted me for 216 usd. I sent them email immediately and there was no reply from them when market was open and they most probably enjoying their beers. I would say that’s an arrogant behavior. After multiple emails, they took more than 16 working hours to solve the issue. Their trading desk is pathetic and they opened and closed my positions multiple times, they can’t even understand simple math, how to add and subtract. But big question is that how an ECN broker can change positions when position is already closed, only a market maker can do that. There was also a weekend between this and those 2-3 days was full of mental stress and tension for me but they don’t care, because they think that they have grown too big to provide good customer support to their clients and resolve their issues. They opened my positions again when market was against me, if they would have stored it earlier, I would have made good money, but why they should have done it, they don’t want you to succeed. In the end after multiple emails, they reimbursed me 216 usd after I sent email to their MD, Mr. Aristos. so I started to trade again. Then one fine morning, I received email from their client audit team that they are closing my account under clause 35.2 , that clause just say that they can close account, nothing else, and I won’t able to open any new positions, that day I lost many opportunities to make money, we need to understand that leverage trading is big risk and reward, so they have deprived me opportunities to trade in the open market. Giving trading opportunities to the clients should be the first and foremost objective of the broker but they have denied me that opportunity. I tried to contact all known people in hotforex but there was no reply till today from them, why they were closing my account. I have caught them red handed for stop hunting me, that’s the only reason I think, they have decided to close my account. They would have thought this client will keep an eye on us and will catch us again. As I mentioned earlier that greed is curse, my trade volume is very high, even if they would have just relied on commission, it would be a lot for them but no, they want to rip you off each and every penny of you. They did not reply to a single email till now, I contacted one of their managers by getting his number from somewhere and he told me that in past I caused damage to hotforex reputation and that’s why they are closing my account. Now here are two questions, why they have approved my account at first place when they knew that I am the same client, and if they didn’t know, how useless they are. I have deposited more than 10k usd and now when they have closed my account, they denied me the opportunity to recover my loss. Second, they only close my account, after I raise my voice for stop hunting me and ripping me of my money, giving me mental stress, tension, wasted my time., So guys, making and losing money is part of business but if you don’t want to have mental stress, tension, wastage of time and want to avoid pathetic customer service, avoid this broker, they are scam. They will stop hunt you, there will be execution issues, because they are market maker, they will never want you to make money. I have proof of each and everything which I stated above and if anyone is interested, they can contact me to see the proof, I can’t post snapshot here. I will present how they are stop hunting with spiking the price, how they are changing positons without informing clients. My email is [email protected] Yesterday I sent them an email and I gave them a fair chance to resolve the issues and was expecting call from their management but they opted to ignore. Hotforex is a bucket shop, market maker, they will rip you each and every penny of you.

avatar
04 January, 2019

Dave Alba from Philippines

9

Excellent broker. and really promising. good and well balanced services offered, a mix of traditional pairs and addition oof crypto trading, the leverage offered has a wide range but just a heads up, stick to 200-400 or even lower if you are new to the business. good educational materials in their weekly seminars which i really enjoy. i think there are even vids on you tube.

avatar
10 October, 2018

Rachel from Portugal

1

Never register here several times tried to trade on the news every time switched off the platform at the time of the news release, you will not be able to cancel no matter what to do, the platform includes only when already you're in the red, please feel free to call upon you not to transfer the money these thieves.

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14 September, 2018

Ramini from India

3

Dear users of binary options! You withdraw money only for the reason that you still have them then you will lead and merge. This is statistics, you can not cope with their own greed. The same and all forex. All the top-of-the-line forex brokers are waiting for you when you send out an account. The only market where you can make money is the stock market.

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06 September, 2018

Yarosh from Poland

4

How is the withdrawal of funds?

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05 September, 2018

Takhi from Nepal

2

They are real thieves. all positions are closed as early as 19.30. Аnd in the personal cabinet at 22.30 still hangs one position and it grows a loss. why the hell knows. they dont allow money to withdraw.

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06 August, 2018

Fox Vo from Vietnam

8

I am trading with hotforex since January 2018 and withdrew many times. It's a reliable broker with multiple account options and payment methods. I like their wallet system, easy to use, manage and withdraw/deposit. They just launched MT5 platform. Highly recommened!

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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.

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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!