No HotForex is not a scam. The broker boasts licenses from some of the most prestigious and well-regarded financial institutions, civil liability insurance, and great customer support. Not only does this prove that HotForex operates responsibly, but it also sets it apart from other high tier brokers .

Accepts traders from Malta

94.3

Points

Overall

Points

Commissions & Fees

Points

Licensing & Safety

Points

Platforms & Tools

Each broker we review is judged on the same 10 key areas. We include different instruments and holding positions overnight. We check not only the licenses the broker claims to have for different countries, but whether these licenses are up to date too. We look for specific features such as customizability and trading signals.

160Number of instruments

Open Account

2,000,000+ Traders

Regulated by

FSCA

FSA(SVG)

Overview
Fees and commissions
Safety
Opening an account
Account types
Trading Platforms
Markets and products
Research tools
Education and training
Customer support
Our verdict

HotForex review

Q: Is HotForex regulated?

Yes, our review of HotForex shows that the broker is licensed by a variety of global institutions. Namely, HotForex is regulated by SVGFSA (St. Vincent and the Grenadines), DFSA (UAE), FSCA (South Africa), and FSA (Seychelles)

Q: What is the minimum deposit at HotForex?

The minimum deposit at HotForex is $5 for a Micro account, $100 for a Premium account, and $200 for a Zero Spread account. Compared to other brokers of the same caliber , HotForex’s minimum deposit limits are low and accessible.

Q: Does HotForex charge commission?

HotForex charges low commissions to clients who open Zero Spread or PAMM accounts. Other account types are not subject to these commissions but do have higher spreads.

Q: What HotForex account types are there?

Currently, there are six different account types at HotForex. These include standard Micro and Premium accounts, a Zero Spread RAW account, auto-trading, and social trading accounts, and a PAMM account.

9 November 2020 - Kate Leaman

In this review of HotForex, we explore a broker that has been operating since 2010, spans 180+ countries, and offers both STP and ECN trading platforms. As a hybrid broker, HotForex can offer full transparency and lower spreads. Paired with licenses from trusted institutions, this gives you a safe and stable trading experience. At HotForex, you’ll also find a wide range of tradable assets making them a great option if you’re looking to diversify or safeguard your portfolio. They also provide rewarding bonuses, trading tools, and analysis.

150+ tradable instruments
STP and ECN platforms available
Regulated by several institutions
Best broker for portfolio diversification
Doesn’t provide service to the citizens of the USA, Canada, and more

HotForex overall scores

In this review, you can find all the information you need to decide whether HotForex is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how HotForex scored in each of our high-priority categories.

Commissions & Fees

95 Points

Payments

98 Points

Licensing & Safety

96 Points

Customer Service

92 Points

Trading Platforms & Tools

89 Points

Education

96 Points