|Regulation||CySEC, FSC, FSB, FCA, BaFin, DFSA|
|Trading software||HotForex MT4/MT5, HotForex PAMM System|
|Headquartered||HF Markets Ltd C/o SAFYR UTILIS LTD 7th Floor, Tower 1 NeXTeracom Cybercity Ebene 72201 Mauritius|
HotForex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients. Through its policy of providing the best possible trading conditions to its clients and allowing both scalpers and traders using expert advisors unrestricted access to its liquidity, HotForex has positioned itself as the forex broker of choice for traders worldwide.
Operating under the brand name "HF Markets Group", HotForex is authorized and regulated by the Cyprus Securities and Exchange Commission (CySec). The Company holds a Cyprus Investment Firm license with number 183/12 and also has a Category 1 Global Business License issued by the Financial Services Commission (FSC) of the Republic of Mauritius.
HotForex broker offers various account types, trading software and tools to facilitate individuals and institutional customers to trade Forex and Commodities online, including a demo account, trading on webtrader and different types of demo contest*. We offer trading on HotForex MT4, HotForex MT5* and the HotForex PAMM System which are the company’s customized versions of the world’s most popular trading platform. In addition, original MT4 and MT5* download is available on the MT4 and MT5 server. All Retail, Affiliates and White Label clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms. HotForex provides an unparalleled variety of account options that clients can select to enjoy a tailored trading experience that perfectly suits their needs. Coupled with superior trading conditions and lightning fast execution, HotForex provides all the tools and services needed for clients of any level to realize their trading ambitions.
With many years of active trading experience across multiple platforms and markets, the progressive and dynamic HotForex management team recognized that traditional web based forex brokers would be placed under increasing pressure due to their delays in executing trades, frequent system failures and poor overall customer service. As a result, HotForex aims to lead the way forward through the usage of cutting edge technology, innovative forex systems solutions, low cost commissions and unrivalled customer service.
HotForex clients are of paramount importance, which is why everything we do is always with the goal of improving their overall trading experience. Our dedication to clients stems from our belief in offering a level of personal customer service that is second to none. The HotForex customer support team is comprised of industry professionals who are available around the clock 24/5 to help clients with anything they may need from initial registration to the withdrawal of trading profits.
Our Mission is to be the most reliable broker in the industry in terms of the services we offer. What does reliable mean? To be consistently good in quality of performance and able to be trusted.
Our values are the way we consistently achieve our mission. At HotForex we value getting results, honesty, teamwork, building exceptional products and services and most of all putting clients and partners first by offering them the best services possible.
High quality services offered by HF Markets LTD Mauritius and reliable FSC & CySEC regulation keep the company far apart from some scam dealing centers operating currently on the market. HotForex broker ratings and HotForex reviews show that the company is highly popular among traders worldwide. To leave your personal HotForex review please visit the company’s profile page on on this site where you can also read broker reviews by other traders. But always remember that a forex broker review may not be objective enough before making any decisions.
* Certain products & services may or may not be available to all clients depending on which HF Group entity their trading account(s) adheres to.
|Address||HF Markets Ltd C/o SAFYR UTILIS LTD 7th Floor, Tower 1 NeXTeracom Cybercity Ebene 72201 Mauritius|
|24 hour support|
|Forex contests, competitions|
|1st deposit bonus|
|Trading by phone|
|24 hour trading|
|Digits after the dot in quotes||5|
|Minimum position size||0.01|
|Spread Type||fixed & variable|
|Pip spread on majors||From 0|
|Standard account, $||500|
|Mini account, $||5|
|Popular payment methods||Bank Wire Transfer, Credit Cards, WebMoney, Skrill, Moneybookers, Neteller, cashU, fasapay, bitcoin|
|Account currencies||EUR, USD, PLN|
|Other instruments||Forex and Spot Metals, CFDs on Commodities, Indices, Oil and Shares, cryptocurrencies, bonds|
|Languages||Russian, English, Spanish, Bangladesh, Vietnamese, Korean, Greek, Chinese Traditional, Chinese Simplified, Italian, German, Polish, Portuguese, Malay, Thai, Bulgarian, Slovak, Czech, Farsi, French, Romanian, Arabic, Indonesian, Hungarian, Filipino.|
|Platforms||MT4, MT5, Mobile Trading, iPhone, iPad, Android, WebTrader, FIX/API|
|Regulation||CySEC, FSC, FSB, FCA, BaFin, DFSA|
|Copy Trading Brokers|
I think they are worth giving a try. I've been with them for about a year now, and i can say the experience has been good so far. At some point i was lured to another platform, went their and got my fingers burnt - never knew they were the most fraudulent brokers on earth today so long as i'm concern. Lost about $3,000 USD with those fraudsters just btwn this january and february (2019). But i'm fully back to Hotforex now, never to leave again so long as they continue and improve on the good service they are providing.
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. 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.
This hotforex customer services are pretty fast as they explain everything whenever they are contacted. Last time i had some trouble with my account so i contacted them and they helped me in all aspects and i am really obliged by the level of expertise.
Fair and very good broker
Is not a best broker I made a withdrawals last year November I did't get my money antil todate and i m not getting a explaination that what going on