HotForex

HotForexHotForex is a STP broker, which was founded in 2010. The broker is regulated in the European Union by the Cyprus Securities and Exchange Commission (CySEC) and registered in Saint Vincent and the Grenadines by the FSA. HotForex offers a large selection of trading accounts, clients can choose between nine types of live accounts, which are: Micro, Premium, Zero, Currenex, Fixed, VIP, Auto, PAMM and Islamic. Forex trading can be started on Micro account with as low deposit as $5. The broker provides Currenex accounts with low spreads, which are dedicated to scalpers and Zero accounts with raw spreads without markup. HotForex offers a number of promotions including demo and live competitions with attractive prizes and high deposit bonuses.

HotForex Broker – Safety of Funds

- HF Markets (SV) Ltd is registered and authorised in St. Vincent & the Grenadines by the Financial Services Authority (FSA)
-  HF Markets (Europe) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC);
-  broker funds are segregated from clients funds;
-  HotForex ensures negative balance protection.

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orders execution
overall costs
support
Rating: 5.0/5 (12 votes cast)

 
 
 
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Basic info­rma­tion about HotForex

Web­sitewebsite HotForex www.­hotfo­rex.­com, www.hfeu.com
Foun­ded2010
Coun­tries St. Vincent and the Grenadines, Cypr Cyprus
Re­gula­tion CySEC (Cyprus)
Registrations: FSA (St. Vincent and the Grenadines)
Scalp­ing yes
He­dg­ing yes
Depo­sit and with­drawal meth­odsBank Wire Transfer, Credit Card, Web­Money, Skrill (Money­bookers), Neteller, iDeal, Sofort, Przelewy24, TrustPay, Western Union
Web­site lang­ua­gesEnglish, Arabic, Bengali, Bulgarian, Chinese, Chinese (Taiwan), Czech, Filipino, French, German, Greek, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Thai, Vietnamese
No services Canada, Belgium, Iran, North Korea, Sudan, Syria, USA
Isla­mic Acco­unt
(Swap Free Acco­unt)
yes (from $150)
Demo acco­unt yes (30 days)

HotForex - popular account types

Name
Mi­cro
FIX
Cur­re­nex
Zero
Mini­mum
depo­sit
$5
($50 EU)
$500
$500
$100
Maxi­mum
leve­rage
1:­1000
1:­400
1:­400
1:­200
Mini­mum
posi­tion
0,01 lot
Acco­unt
curren­cies
USD, EUR, PLN
Plat­form
MT4, Webtrader, mobile platforms
Pro­mo­ti­ons
100% SuperCharged Bonus more  
100% Credit Bonus more -
30% Rescue Bonus more  
- Traders Awards 2016 Live Contest more
VIP Contest 2016 more
Virtual to Real Demo Contest more
Loyalty Program more
HotForex Merchandise more
CFDs:
curre­ncy pairs
47
gold and sil­ver
yes
oil
yes
sto­cks
yes (36)
indi­ces
yes (11)
Spread
floating
fixed
(Forex)
floating
floating
EUR­/USD
1.2
1.8
0.3
0.1
USD­/JPY
1.7
1.8
0.7
0.2
GBP­/USD
2.4
2.5
1.4
0.4
USD­/CHF
1.9
3.9
0.9
0.8
USD­/CAD
1.9
2.7
0.9
0.6
gold go­ld
29
silver sil­ver
4.5
oil oil
5
Com­mis­sion
-
-
5$/lot
($10 round turn)
Majors: 4$/lot
($8 round turn)
Others: 6$/lot
($12 round turn)

HotForex - types of live accounts

Account Name
Minimal deposit
Information
Charges
Micro
$5
($50 EU)
Account with a low starting deposit for beginners and less experienced clients.spreads: from 1
commission:   -
Premium
$500
Account for more advanced traders with trading conditions similar to Micro accounts.spreads: from 1
commission:   -
Zero
$100
The idea of the account is to provide spreads as low as possible – typical spread on EUR/USD is 0.1 pips.spreads: from 0.0
commission:   $4-$5/lot ($8-$12 round-turn)
Currenex
$500
Account suitable to scalping strategies due to low spreads.spreads: from 0.2
commission:   $5/lot ($10 round-turn)
Fixed
$500
'Fixed' account is designed for customers who prefer trading with fixed spreads.spreads: from 1.8
commission:   -
VIP
$20 000
VIP account has attractive trading conditions, and offers Personal
Account Manager, One-to-One Consultations and more extras.
spreads: from 0.2
commission:   $3/lot ($6 round-turn)
Auto
$500
Account which allows investors to automatically copy trading signals.spreads: from 1
commission:   -
Islamic
$150
Islamic account is the account without SWAPs. Trading conditions are similar to Micro and Premium accounts.spreads: from 1
commission:   -

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20 Responses to HotForex

  1. Barend van der Merwe says:

    I have been with Hot forex for over 2 years
    and I have to say that the customer service and the speed of the customer service is unbelievably quick,I am happy to trade with them and would recommend them to anybody who is looking for a good broker.
    Keep up the great work Hot Forex and thanx alot

  2. Zareef Ahmed says:

    Trading environment at this broker is convenient so far, i started in December last year. Lowest spreads and reasonable leverage is quite helpful in earning money through trading major pairs. I had made few withdrawals which were also processed on time without any hassles.

  3. Hammad Gardezi says:

    I had a trading account for the last one year and i have noticed that they have improved more since i started. The withdrawal process is easy and payments are transferred hassle free. The overall services are good so far.

  4. James Sanchez says:

    the broker is very decent, over all they have been executing their services accordingly, only to show this broker means business.

  5. Lokesh says:

    So far its good option for earning online money however i am still able to withdraw only two profit payments in the last two months. The customer support team is really helpful and the trading software is also user friendly. No complaints so i really recommend this broker.

  6. Ali Janjua says:

    Good trade execution with decent spreads and smooth withdrawals, recommended broker as the trading is safe with this broker.

  7. Anonymous says:

    Good broker, No-requotes, fast withdrawal. Fast email response

    Spread is superb with majors and average with exotic ones. I hope they can improve on that.

    Keep up the good work!

  8. Nabeel Alam Khattak says:

    Besides my teaching job i usually spend my free time trading forex online with this broker since one and a half year and i am glad that i am making extra income by spending my free time in buying / selling currency pairs. They have allowed me good leverage and the spreads are low which ensures that i can buy more with low costs, 100% less risks and high profit ratio. The withdrawals are always on time and i am sure that they are going great with a nice professional team.

  9. Zahoor Janjua says:

    I had started in April 16 and my initial investment was very small. In the past month I managed to make some good profits through trading popular pairs. I do recommend giving them try as they are very good in terms of withdrawals, services etc.

  10. Kiran says:

    I have a trading account with them for more than three months now and I have made few withdrawals too. So far everything seems to fine as of now. I will keep updating here about my trading experience with these guys.

  11. Jamin Dizon says:

    very good broker, with excellent service i have been trading live since feb 2016 and made two profit withdrawals with no problem, i am happy with the service.

  12. Abdullah Shabbir says:

    Its been six months now since I am trading with hotforex and I haven’t found anything odd to complain about. The execution of orders is good with competitive spreads and I already made a couple of withdrawals with no problems at all.

  13. Ryder Nickle says:

    I loosed money due to hotforex server sudden disconnection. hotforex do not compensate and not response sicereley There is no place to complain. They can do whatever they want after deposit money.
    I’ve been scammed by Hotforex. Everything is ok until you want to withdrawal money ! They canceled all my profits
    don’t waste your time and money !

  14. Dustin Shipton says:

    Bucketshop!! SCAM!!
    Bad customer service ever i had seen.Poor english .Requotes, common errors, context busy.. until you lose all trades. If you ever win, you are simply disabled. Very bad support, i will never use Hotforex ever again. Be aware.

  15. Lee Jones says:

    It is almost three weeks that I have open an account with hotforex the orders does not get filed and you can wait minutes to get filled. Trailing stop works at its own pleasure, when you asked them they say they never received the order to modify or internet connection, but I does run the same trade with others non of them happened. Called for customer support and they do call you back, but quite non of them knows anything about the platform itself and ask you to read the manual.

  16. Marshall Meunier says:

    The Hotforex has the most bad customer support I ever seen .I was try to get my account verefied .I did upload my documents but they say I need to submit the other side of my Id card and I did and the utility bill should be clear also I did and later I did not get any response

  17. Aubert Belisle says:

    Hi, I have a live account with HOTFOREX and I encounter a few issues with them:They DON’T have liquidity (when you need it the most)Margin cut over the weekend Terrible costumer services All I can say is that they are not so good …….

  18. jawad says:

    i am currently trading with hotforex.com….. seems better…..i ll like to tell every body..that pls don be victim to attractive offers..first kindly find that broker must be well regulated and have good history…many of the brokers are usually scams…i like hotforex until…..let me trade fur ther….depositing is reallyu very easy n faster…i ll tell ufurther after withdrawing some profits….cuyrrently i recommend hotforex

  19. Tento says:

    Mam u nich konto od kilku miesięcy. działa dobrze. Wykresy dobrze się rysują. Nie mam dziwnych sytuacji, jakie miałem w ironie

    • admin says:

      Translation: I have an account with them for several months. works well. Graphs are drawn well. I do not have strange situations like I had in iron.

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