Regulated by: CySEC

Headquarters: Cyprus

Ranking: 3

Hotforex Review & Author's Comment

 Established in 2010 and headquartered in Cyprus, HotForex is an award winning forex broker that offers a wide range of account types and trading instruments. The broker is pursuing a policy of providing the most convenient and advantageous trading conditions for the traders. They don’t discriminate between traders which means that scalpers, swing traders, day traders and expert advisors are all welcomed.

In terms of account types, HotForex offers six options; cent account, micro account, VIP account, zero spread account, fixed account, VIP account and auto account where spread could go as low as zero at the expense of $4 per lot for EURUSD.  This is one of rare forex brokers that let its clients to trade bonds on MetaTrader platform. Needless to say, forex pairs, commodities including agricultural, company shares, global indices and cryptocurrencies are also offered with leverage up to 1000:1.

HotForex is a forex company that offers all the advantages and services for both experienced and newbie forex traders in one place; bonuses, low spreads, extensive educational material, reliable regulation. Therefore I would recommend HotForex for traders with any trading strategy and experience without hesitation.

Broker Detail
Adress: HF Markets Ltd, Spirou Kyprianou 50, Irida 3 Tower, 10th Floor, Larnaca 6057, Cyprus
Phone: +357 24 400561
Web: http://www.hotforex.com
E-Mail: support@hfeu.com
Regulator: CySEC (License Number: 183/12)
Year Founded: 2010
Instruments
Forex:
Precious Metals:
Energy:
Soft Commodities:
Indices:
CFDs:
Stocks:
ETFs:
Bonds:
Options:
Account Options
ECN Account:
Swap-Free Account:
Nano Account:
MAM / PAMM Account:
Demo Account:
Funding Methods: Wire Transfer, Credit Card, Skrill, Neteller, FasaPay, Union Pay, Webmoney
Withdrawal Methods: Wire Transfer, Credit Card, Skrill, Neteller, FasaPay, Union Pay, Webmoney
Customer Services
Live Chat:
24 Hours Support:
Languages: Arabic, Bulgarian, Chinese, Czech, English, French, German, Greek, Hungarian, Italian, Japanese, Latvian, Urdu, Portuguese, Romanian, Russian, Slovak, Spanish

Trading
Leverage: 1000:1
Spreads: As low as 1.0 pips for EURUSD on Premium Account
Minimum Deposit: $100
Fixed Spreads:
Automated Trading:
Hedging:
API Trading:
Negative Balance Protection:
Accepts Clients from the US:
Bonus

1) 30% bonus is called rescue bonus and traders will receive it on every deposit over $50.

2) 100% Credit Bonus Program which is intended to increase the trading volume. Traders must trade 1 lot per $2 bonus received to complete the terms.

3) 100% SuperCharged Bonus which offers 100% bonus on each deposit over 250 USD to the bonus account together with the rebates in value of 0.2 pip value for Forex and 2 USD per Gold.

Platforms
Supported Platforms: MetaTrader 4
Webtrader:
Mobile: IOS, Android

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4 Comments
  1. KkamzaDub Says

    I have multiple trading accounts with many brokers, however i had recently opened an account with this broker just for the sake of trading bitcoins. Prior to trading bitcoins i was trading EURUSD pair and other commodities etc.

    My main trading pattern for EURUSD trade was followed by the news because the volatility increases during the news release which really helps me making some daily pips. However, this bitcoin trading is totally different as i have found out that trading on longer timeframes makes more money than it is expected. The spreads and leverage offered by this broker is quite reasonable. Execution is smooth and the withdrawals i had done so far are also on time.

    So, I can say that the trading conditions offered by this broker are much better and secure. For now i have stopped trading other commodities and trading bitcoin only as it seems more profitable and legit than the rest. I recommend this broker.

  2. anwar_ Says

    Trusted Broker,withdraw success
    The lowest slippage Broker i’ve used even on high impact news release

    Thank You

  3. Duy Quan Says

    I have traded with hotforex for 2 years and its services has improved better than my first year, less slippage and MT4 platform is more stable (no more frequent crash). There are many payment options and I switched from Skrill to wire because of some recent limitation local bank applied on Skrill withdrawals. Of course they have 24/5 phone support but I recommend Live chat, it’s fast and no cost, it normally takes 3-5 minutes to get into the conversation. I highly recommend this broker.

  4. Janaka Says

    I have good experience with hotforex.spreads are competitive, platform is working without major problem, customer support is very helpful. thanks

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