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HotForex Review

 

hotforex

Bonus

100%

Regulation

CySEC, FSB, FSC

Mobile

Yes

Instruments

Forex, CFDs, Shares, Indices, Metals and Oil

Website

www.hotforex.com  www.hotforex.co.za
Visit Broker

Whether you’re new to the world of Forex, or a seasoned trader, it pays to keep on top of the latest reviews. Which is one of the reasons you’ll find plenty of reviews on the web. Here at topratedforexbrokers.com, it is our aim to keep interested parties up to date with the latest information. Forex is an ever changing world, and in order for it to be exciting and hopefully profitable, traders have to keep their fingers on the pulse and stay abreast of the latest news. This HotForex review is honest and full of the latest information, and will help you pick the best Forex broker for your needs.

HotForex is a unified brand name of the HF Markets Group:

HotForex provides reliable, award winning trading services to its clients all over the world.

What is HotForex?

HotForex is an award winning Forex and commodities broker. For retail and institutional clients, it provides trading services and facilities. Various account types are offered, along with trading software and tools to assist customers who want to trade Forex and CFDs online. State of the art automated trading platforms are used, giving clients the opportunity to view interband spreads and liquidity.
HotForex is able to offer all the tools and services needed to make a trader’s life easier and to aid in the realization of their trading ambitions. Since the brand first entered the world of Forex trading, it has been scooping awards left, right and center. Here are just a few of them:

There are a number of valid reasons to choose HotForex as your Forex broker, and the most significant ones are that there is a good opportunity to trade in smaller volumes, which is great if you’re a beginner, or your Forex trading budget is limited. Customer support is excellent, and there are a number of interesting HotForex bonuses available. Spreads are low and deposit limits are minimal.

Different types of account with top-rated HotForex

With HotForex there are more than just a couple of account options, which means that most traders will be able to find one that suits their needs.
For new customers the best option is to open a Micro account. The minimum deposit is just $50, and the maximum leverage (depending on clients appropriateness assessment) is 1:1000. Spreads are variable and start at 1 pip.
Forex trader’s with a little more experience under their belt will be better off looking at Premium and VIP accounts. These are an excellent option for traders who prefer to open larger positions on tighter spreads. All three of these accounts require a minimum deposit of $500.
For traders who prefer to trade with a fixed spread there is a Fixed account. This type of account has low fixed spreads, maximum leverage (depending on clients appropriateness assessment) of 1:400, and a minimum deposit of $500.
Social trading has become a very popular option, and with HotForex, traders can connect with more than quarter of a million other traders, following and copying their successful trades. The trading platform that is used is the very popular FxStat.

HotForex offers following accounts to their customers:

EU clients:

Micro Account: $50 deposit, 1:500 leverage*, spreads from 1 pip

Premium Account: $500 deposit, 1:400 leverage*, spreads from 1 pip

Zero Account: $100 deposit, 1:200 leverage*, spread from 0 pip

Fixed Account: $500 deposit, 1:400 leverage*, fixed spread

VIP Account: $20,000 deposit, 1:300 leverage*, spreads from 0.2 pips

Auto Account: $500 deposit, 1:400 leverage*, spread from 1 pip

HF Copy Account:  – Strategy Provider $1000, 1:100 leverage*, spread from 1 pip

– Follower $300, 1:100 leverage*, spread from 1 pip

Non-European clients:

Micro Account: $5 deposit, 1:1000 leverage*, spreads from 1 pip

Premium Account: $500 deposit, 1:400 leverage*, spreads from 1 pip

Zero Account: $100 deposit, 1:200 leverage*, spread from 0 pip

Fixed Account: $500 deposit, 1:400 leverage*, fixed spread

VIP Account: $20,000 deposit, 1:300 leverage*, spreads from 0.2 pips

Auto Account: $500 deposit, 1:400 leverage*, spread from 1 pip

PAMM Account: $250 deposit, 1:300 leverage*, spread from 1 pip

HF Copy Account:  – Strategy Provider $500, 1:100 leverage*, spread from 1 pip

– Follower $100, 1:100 leverage*, spread from 1 pip

European clients cannot receive Bonuses and apply for the PAMM account.

*depending on clients appropriateness assessment

ScreenshotsHotforex homehotforex platforms

HotForex offers a variety of trading platforms

With HotForex there are a number of different options, depending on the way you prefer to trade. There is the ever popular MT4 trading platform, available for downloading directly onto a trader’s desktop. This platform is also available in smartphone, PDA, and iPhone versions. In fact, if you prefer to trade while travelling to work, or while sitting in the garden HotForex is very mobile friendly.

The features that make HotForex so attractive

Many of the most popular broker websites offer an education program that is second to none. While HotForex may not concentrate all their efforts on trader education, there is still a more than ample education center, which includes a number of well known trading tools. We didn’t have the time to look at all of them, but we found some of the most notable ones to be the Risk and Reward Calculator, the Pip Value Calculator, and the HotForex App.
The benefits of using HotForex

“HotForex has made further efforts to safeguard its liabilities against Clients and other third parties with a Civil Liability insurance program for a limit of €5,000,000, which includes market leading coverage against errors, omissions, negligence, fraud and various other risks that may lead to financial loss. There is no additional cost to our clients for this cover.”

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HotForex Review
4.75 (95%) 20 votes

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Months

5 comments on “HotForex Review”

  1. Sabri says:
    Country & city: Pakistan, Gujranwala
    Rating: .....
    Its total six months now trading micro account with this broker. The capital i started is almost recovered and now all of my trades goes on 100% profit earned by them in past. Bonuses are also reasonable with no strict terms. Profit withdrawals are also processed within the same time and i usually receive my amounts on the next day in my skrill account. I think that the overall performance of this broker is quite satisfactory and i will rate them 5 out of 5 for now. They are doing really good so far.
  2. Mani says:
    Country & city: Pakistan & Islamabad
    Rating: ....
    Around six months since I am trading with these guys, pretty much straight forward in execution. Spreads are also acceptable and profits can be withdrawn easily through them.
  3. Nawazish Ali says:
    Country & city: Pakistan, Rawalakot
    Rating: .....
    Overall good, fast execution, lowest spreads, sufficient leverage, quick withdrawal and excellent customer support. Highly recommended broker.
  4. Muhammad Zakir says:
    Country & city: Pakistan & Bakhar
    Rating: .....
    Good brokerage services that i have ever found. Excellent trading platform with tight spreads and no requotes. Withdrawals are conveniently processed whenever requested and it usually took twenty four hours maximum to process.
  5. pax says:
    Country & city: India
    Rating: .
    Hello friends, i associated with hotforex from last 3 years.....i earn sufficient amount from HFMarket... just because of good relationship with HFMarket i deposite 1.1 Million USD in December 2016. But still they are not showing me my deposited funds in my wallet account and now the support department of HFMarket told me that they don't know about this. Due to illegal activities and fake transactions the representative of India facing some issues here. They collect the funds on the name of "HF Education PVT. LTD." from India. Now Government of India will take action on HF Market who are located in Cyprus and ask them whith whom permission they start the business in India. At the end of result may be CyCEC will cancel the certificate and many more things can be happened. So please beware from this company and withdraw your money as soon as possible.