HotForex Review

HotForex Review

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(39 votes, average: 4.44 out of 5)
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Company info:
Name HotForex
Website hotforex.com
Foundation Year 2007
Regulation
Regulated by FSC, CySEC
Trading conditions:
Min. Deposit 1 $
Minimum position size 2
Leverage 1:1, 10:1, 50:1, 100:1, 500:1, 1000:1
Trade Lot 0.001, 0.01, 0.1, 1
Digits after the dot 5
Spread type Fixed, Variable
Trading instruments Forex, Metals, Indices, Commodities, CFDs
Payment Methods:
Credit Card, Wire transfer, PayPal, Skrill, Neteller, Payza, CashU, Perfect Money, WebMoney
Other Features:
Accept US traders
PAMM
MT5
Mobile Trading
Web-based trading
Affiliate program
VPS
ProfitF BONUS:

Bonus –  for more info send request  through the contact form

  • Liam

    I have been trading with hot-forex for long time and withdrawals were always fast and accurate

  • Henry Pham

    Good broker, fast execution and rarely requotes. Fast payment and acceptable spread. Highly recommend!

  • Lavourah

    Who have a good knowledge and have a good experience they earn all the time. Thursday and Friday are most volatile day to me. . HotForex provides perfect analysis for making profits easily. This is why I love trading with this broker.

  • Isaac Kennedy

    I have an account with this broker and can rate their services as OK. Trading is my part time business, so I tried them only on micro account. Spreads are satisfactory, average 1.3 pips during normal order flow. Quite good for micro account. Execution is also fast and swiftly, sometimes lags 1-2 second, but I believe that it is because of my slow internet. Regarding customer support, I can say that they are really supportive. Once I swamped them with specific questions and they capably answered them. I satisfied with their services. I have researched this broker for a long time before opening a live account there. and Now successfully trading with them.

  • Vicky Sayers

    My observation is very positive. I have never had troubles with HotForex. I think about this broker as the BEST because they offer quite a few unique advantages and services, all are lucrative for traders, both professionals and beginners. So far, for me, the finest is the wide range of bonuses to expand deposit amounts. I have requested many of them and I will say that my requests have been processed in a short time of period. Very happy with HotForex.

  • Darell Janoras

    REVIEW ONLY FOR SCALPERS!! For those who use MT4 default auto trading feature (which I assume very few), I would strongly suggest to spend 5 min and install their One Click trading EA. I got it during my last browsing of HotForex website (haven’t been noticing it for 10 month of trading with them). Perfectly fits my news trading, particularly with low fixed spreads on their special account. Easy to setup, together with minimalistic design makes all other MT4 tools useless for me :). Note that if you are not a scalper, I doubt whether it will go with you, as there is no need to catch exact time for entry in long-trend expectations.

  • sommer tiki

    This broker has become more and more dishonest now. They begins to play tricks on trading —limit clients’ order executed and enlarge spreads. I tried several times before news release, they always use [off quotes] to stop me from trading. Scammer!!

  • Ava Mia

    Very scam and even I request to withdraw my capital and they never gave me one dollar back , now I have more than 5k profits with them … anyone could help me

  • Pepe Collins

    Fast and reliable broker, its a pleasure to trade there. No requites, platform seems to have polished up thoroughly as I don’t notice gaps, freezes or other technically-related issues. Withdrawals are done with 24 hours, usually 3-4 hours
    Best broker I’ve tried so far

  • Ankit

    Trading since 2013 with them. Well, i would like to say that All the issues are always resolved quickly in this three year tour with them. My losses are always my part but whenever i placed the withdrawal requests, its completed on the same day and in the most convenient way. I don’t know people says that we should not go long with Cysec brokers and all but still in past three years after seeing their behavior specially in resolving issues with their clients is the best customer support in comparison to others. I will keep update my withdrawals and other important things about them. I would like to give them 5 stars now. Thankyou HF Markets Ltd. Best Regards

  • Soomro

    I am a new trader who had started trading with this broker. I can easily say that opening an account with this broker is really very easy with even small deposits are accepted too. I have micro account at the moment, everything is fine and i am more than satisfied so far.

HotForex Review (Detailed info):

Hotforex, a Forex and commodities broker for both retail and institutional traders, is a brand name of HF Markets Group licensed and regulated by Cyprus Securities and Exchange Commission (CySEC) in Europe and Financial Services Commission (FSC) in the Republic of Mauritius.

 If you want to leave your feedback (review) about Hotforex, please use tab “Comments” (top of the page)

HotForex Trading Conditions and Account Types

Apart from the demo account, Hotforex offers 9 types of accounts with competitive trading conditions.
Micro Account; This account is suitable for newbie traders and those with only a small initial deposit. It allows traders to test live trading conditions with limited capital. Trading is done on the Metatrader 4 platform.

HotForex micro account

Hotforex Micro Account

Premium Account; This is the most flexible account suitable for the experienced retail traders with up to 60 lots as the maximum position size. Trading can be done on Metatrader 4, Webtrader and mobile trading platforms.

Premium account HotForex

Hotforex Premium Account

Fixed Account;Some traders prefer working with fixed spreads so as to know their trading cost in advance and factor that into their trading strategies whether manual or using Expert Advisors. This account on Hotforex allows traders to experience fixed spread trading. Trading is available on MT4, Webtrader and mobile platform.

fixed account

Hotforex Fixed Account

Zero Account; With just a minimum of $100, traders can open an account using interbank spreads on Hotforex. This account is ideal for scalpers and traders looking for the lowest cost of trading. This account is commission based with commissions startingas low as $0.04 per 1K lot. Trading is available on MT4, Webtrader and mobile platform.

zero account Hot Forex

Hotforex Zero Account

Currenex Account; this account is also designed for the experienced retail traders combining low spreads suitable for scalping and a competitive commission structure. Trading is available on MT4, Webtrader and mobile platform.

HotForex currenex ac

Hotforex Currenex Account

VIP Account; This account opens up personal consultations with senior Hotforex currency analyst, Forex updates via SMS, a personal account manager among other perks. Spreads on this account start at 0.2 pips and a minimum deposit of $20000 is required.

HotForex vip ac

Hotforex VIP Account

Auto Account; this is built for traders who want to utilize the signal service offered MQL5 Community directly from their Metatrader  4 platform.

auto ac HotForex

Hotforex Auto Account

HF Social Account;this account is also designed for copy trading on FxStat platform. Traders can connect with other traders and copy their winning strategies.

hf social ac

Hotforex HF Social Account

Hotforex PAMM Accounts

PAMM Account; Traders who want to become money managers via the PAMM system at Hotforex can choose from either the Premium account or the Currenex Account.
Hotforex allows successful traders make more from their strategies by managing more funds. On the other hand, investors are able to find accountable money managers for their funds under a transparent model. More than 100 PAMM accounts on Hotforex show positive gains with the top showing more than 1000% in return.

hf pamm

Hotforex PAMM Accounts

Hotforex Trading Platforms

Hotforex has MT4 terminal for desktop, MT4 multi-terminal and MT4 webtrader. It also has MT4 mobile trading platforms for Android, iOS and Windows.

Hotforex avails a direct market access trading platform powered by Integral. The platform, RapidTrader, allows the use of FIX protocol to access the market. Hotforex RapidTrader is suitable for automated trading system outside of MT4, hedge funds, brokers, and other money managers. A minimum deposit of $50,000 is required to access this platform.

 

Hotforex Deposits and Withdrawals

Depositing to your Hotforex account attracts no charges and can be done 24/5 during normal trading hours. Deposits via bank wire transfer take 2-7 working days with a minimum deposit limit of $100 and no maximum. Credit cards take up to 10 minutes with a minimum deposit of $5 and a maximum deposit of $10,000.

Online deposit methods include; Skrill, Web Money, Neteller, Union Pay, and Fasa Pay. Depositing via these online payment processors is instant with a $5 minimum deposit.

Withdrawals are processed to the same deposit methods and on the same business day.

HotForex  Support and Customer Service

Hotforex offers a live chat 24/5 in different languages including: English, Arabic, Bangla, Chinese, Czech, Farsi, French, German, Greek, Hindi, Japanese, Korean, Lithuanian, Portuguese, Punjabi, Slovak, Spanish and Urdu

 

Bonuses and Contests;

Traders Awards;This is an award to Hotforex traders who achieve the highest gains every month. The top trader every month gets a Crystal obelisk, $1000 dollars and is listed on Hotforex wall of fame.

Demo Contest;Hotforex holds a monthly demo contest where the top gainers receive real funds to trade. The 1st prize is $2000, 2nd prize is $1000 and the 3rd prize is $500.
Hotforex Merchandize; The most loyal customers of Hotforex are awarded Hotforex branded products.

hf merchandize

Hotforex Merchandize

Hotforex bonus programs

Hotforex offers 3 bonus programs;

100% Super charged bonus:

100% HotForex bonus

30% Rescue Bonus:

HotForex 30% rescue bonuss

100% Credit Bonus:

100% credit bonus HotForex

Hotforex Awards

Hotforex has been providing top trading services leading to recognition and several awards since their launch in 2010.Despite the short period they have been in the industry, they have received 18 awards. Below are three of the awards given to Hotforex;

HotForex awards

Hotforex Industry Awards

 

Hotforex Education

Hotforex offers extensive trading education to its traders. It features webinars from its top currency trading experts to improve traders’ knowledge and skills on profiting from the market. It also has numerous video tutorials and ebooks on various markets as well as daily market analysis.

HotForex education

Hotforex Educational Material

Hotforex Pros and Cons

Pros

Cons

 

Conclusion

Hotforex is a reputable Forex and commodities broker as evidenced by them bagging 18 awards in a period of only 6 years. They have lived up to their name Hotforex where the HOT stands for Honesty, Openness and Transparency.


 

Now, everything seems OK with Hotforex broker however “ProfitF team” will keep monitoring this broker and update this review if any changes take place.

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