HotForex — Forex Broker Rating and Review 2020

HotForexHotForex website
Status
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.

Earning your trust

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.

What we provide

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.

Pushing the boundaries

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.

By your side at every step

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.

Not just a mission, it's a promise

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.

Values

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.

HotForex trading information

WWW http://www.hotforex.com/
Address HF Markets Ltd C/o SAFYR UTILIS LTD 7th Floor, Tower 1 NeXTeracom Cybercity Ebene 72201 Mauritius
Headquarters Mauritius
Free phone +44-2033185978
24 hour support
Partnership programs
Expert advisors
Free education
Bonuses, Promotions
Sponsorship contests, competitions
1st deposit bonus
Trading by phone
Mobile trading
Automated trading
Daily analysis
Demo account
Swaps
24 hour trading
Scalping
Hedging
PAMM
Digits after the dot in quotes 5
Minimum position size 0.01
Pip spread on majors 0-1.2
Spread Type fixed & variable
Maximum Leverage 1000
ECN, $
STP, $
Standard account, $ 5
Micro account, $ 5
Popular payment methods Bank Wire Transfer, Credit Cards, WebMoney, Skrill, Moneybookers, Neteller, cashU, fasapay, bitcoin
Account currencies EUR, USD, PLN
Available assets 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
Broker type Broker
Regulation CySEC, FSC, FSB, FCA, BaFin, DFSA
Foundation 2010
Copy Trading Brokers
Bitcoin Forex Brokers

This broker is among good choices in Forex industry, I know it a long time ago and it's totally genuine. Many withdrawal proof from successful traders and IBs. I also traded for a few months last year and made some profit, (I stopped trading due to COVID-19) but still recommend hotforex to anyone.

guest   9 July, 2020  

I'm very interested on trading though I have no experience, so I'll like open an investment account if that will be possible with HF, if yes please tell me the procedure. One more question is HF a reliable broker to invest in?

Kekels   7 July, 2020  

excellent. 9/10 platform, good options and very stable, fast execution, 9/10 support, they are active and pls note to get verified asap and comply with required documets. total live trading is 8 months, 2 withdrawals made no delays. premium account with no bonuses. very pleased. an easy recommendation.

Chris   26 June, 2020  

To be very straight forward they are reliable broker with mt4/mt5 trading platform. Spreads are tightest on majors. Leverage is also accepted and withdraws always on time.

Fayaz ul H   19 June, 2020  

Just withdrew yesterday for the first time trading with this broker. A friend introduced me hotforex and I tried demo for weeks and decided to open a live premium account (no commission) and I stick with majors. Not ideal spread but fast execution, swift support and payment. Recommended!

guest   12 June, 2020  

Total live trading is a year and 3 months, mid sized premium account, manual trading. over all experience is good, mode of payments (withdrawal/deposit) is skrill linked to an ewallet and its almost instant. max withdrawal time is 48 hrs. deposits are instant. Im very pleased with results though the market lately is running havoc. stay safe every one and happy pip hunting. Conclusion: great broker.

Donna Mae   10 June, 2020  

I would like to share my experience with the Forex community on my experience of HotForex (HF). One of the basic & fundamental requirements for a forex broker is to provide an efficient & effective way for client to deposit fund and a responsive support team. When such basic & fundamental requirements cannot be fulfilled, then the client will face serious consequences of financial loss leading to more complicated resolution. On 3 crucial occasions, HF took more than 1 to 3 hours to process credit card deposit. Though I have reported these 3 incidents to the account service manager and the management, there is no reply nor good explanations why similar incidents keep on happening. A forward-looking and professional run broker will attempt to look into the root cause, address the gap and thereafter explain to the client. But not for HF. They simply ignore this issue and try to divert the blame to the client for not managing their position. This does not speak well for HF. And to make matter worse, after HF leisurely decide to update the deposit, client has to transfer this deposit from wallet to the trading account. This means that the clients have to constantly and at the mercy of the HF backend staff to monitor that the deposit is updated to your wallet and then quickly transfer from the wallet to the trading account. At every crucial moment, it is very difficult to get in touch with any HF staff including the live chat agent and account manager. My experience with the HF live chat agent give me an impression that they are like a postman or middleman between the client and the HF backend support staff. Frequently live chat agent is unable to resolve the matter. Instead the live chat agent would refer the client to email HF support or deposit team. Though I am given a direct line to the account manager, the account service manager took just as long as the time needed for the HF to process the deposit. Call to the account service manager direct line not picked. Messages sent to the account service manager direct line was responded 1 hour later. Fortunately on those 3 occasions, the stop out level was not reached otherwise my positions will be force-closed which I am very sure HF will not compensate even though it is proven that the tardiness and fault is on their side. This is my honest feedback and hope it will be useful in your evaluation of HF. Thank you.

TienSeng   8 June, 2020  

I love your review and it helped me a lot. Thank you.

Emilia   5 July, 2020

I will like to try this broker. I hope the reviews here are good enough to convince me.

Mary Jane   3 June, 2020  

Hot forex is becoming bad broker. I have an account with them but they don't allow me to place my orders if they know that event might move with greater points. Even I am using a lot size 0.01 they don't allow me. This is a bad broker. It's only good for technical traders.

Frans   29 May, 2020  

can I verify my account with national ID slip or voter's card slip on hotforex?

Palofha   28 May, 2020  

All Reviews & Comments
HotForex Rating and Review

HotForex Rating

82 %   18 %


HotForex Reviews Rating

Reviews Rating HotForex - 5

Reviews & Comments

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