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 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.
HotForex Review
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Reliability - 8.1/10
8.1/10
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Deposit & Withdrawal - 8.3/10
8.3/10
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Bonus - 8.5/10
8.5/10
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Customer Support - 9.8/10
9.8/10
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Overall Trading Conditions - 8.9/10
8.9/10
Summary
HotForex offers all the advantages and services for both experienced and newbie forex traders in one place; bonuses, low spreads, extensive educational material, reliable regulation.
| 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: | |
| Cryptocurrencies: | Bitcoin, Dash, Ripple, Litecoin, Ethereum |
| 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 |
I was afraid to open an account with HotForex because I thought it is one of those small forex brokers in Cyprus. I was completely wrong. This broker is doing great in providing better service for traders. It offers ecn accounts so no conflict of interests. They do not take the other side of client trades. My intention is not to urge you to believe me. just open a small account and try. Minimum deposit is$100 and it’s not a big risk.
I nend comtacts
I have good experience with hotforex.spreads are competitive, platform is working without major problem, customer support is very helpful. thanks
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.
Trusted Broker,withdraw success
The lowest slippage Broker i’ve used even on high impact news release
Thank You
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… Read more »