HotForex – Forex Broker review

HotForex – Forex Broker review
3.7 (73.33%) 3 votes

Read HotForex forex broker review, rating and detail information for their services below. HotForex is founded in 2010, It is regulated by the Financial Services Commission (FSC) of the Republic of Mauritius under the name of HF Markets Ltd. HotForex is an online forex and CFD global broker. Over the years, HotForex has grown into one of the leading online forex brokers in the world.

The key to their success is their focus of being “Customer focused”. While it is easy for a broker to promise to deliver quality services to their clients, not many brokers are actually able to do as they have professed. However, this is not the case with HotForex. The broker has to date been able to offer exactly what their clients need.

HotForex Detail Information

Company HF Markets Ltd.
Founded in 2010
Offices in Cyprus, Mauritius, Poland
Payment options CashU, Credit/debit cards, Neteller, Skrill, SOFORT, WebMoney, Western Union, Wire transfer
Demo platforms MetaTrader 4 (Limited with 30 days)
Account currencies Euro, Polish złoty, United States dollar
Currency pairs
AUD/CAD AUD/CHF
AUD/JPY AUD/NZD
AUD/USD CAD/CHF
CAD/JPY CHF/JPY
EUR/AUD EUR/CAD
EUR/CHF EUR/DKK
EUR/GBP EUR/HUF
EUR/JPY EUR/NOK
EUR/NZD EUR/PLN
EUR/RON EUR/USD
GBP/AUD GBP/CAD
GBP/CHF GBP/JPY
GBP/NZD GBP/USD
NZD/CAD NZD/CHF
NZD/JPY NZD/USD
USD/CAD USD/CHF
USD/CNH USD/CZK
USD/DKK USD/HKD
USD/HUF USD/JPY
USD/NOK USD/PLN
USD/RON USD/RUB
USD/SEK USD/SGD
USD/TRY USD/ZAR
ZAR/JPY
Regulated by CySEC, 183/12
FSC (Mauritius), 094286
Website available in Arabic, Bulgarian, Chinese, English, French, German, Greek, Hindi, Hungarian, Italian, Japanese, Korean, Malay, Persian, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Tagalog, Thai, Urdu, Vietnamese
Support available in Arabic, Chinese, English, German, Greek, Hindi, Japanese, Korean, Persian, Russian, Spanish
Support methods Email, Live chat, Phone
Trading server time zone GMT+2
Conditions for VIP traders Smaller commissions with tight spreads.

HotForex Features

  • Bonus offers
  • Trading contests
  • Free education
  • Personal manager
  • Trading by telephone
  • PAMM accounts
  • Segregated accounts
  • Managed accounts
  • Affiliate program
  • Islamic accounts available

Account Types

  • Micro Account
    • Hedging
    • Overnight interest rates (swaps)
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • Premium Account
    • Hedging
    • Overnight interest rates (swaps)
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • Currenex Account
    • Hedging
    • Overnight interest rates (swaps)
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • VIP Account
    • Hedging
    • Overnight interest rates (swaps)
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • Islamic Account
    • Hedging
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • Zero Spread Account
    • Hedging
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading

HotForex Review and Rating

HotForex is offering a wide range of trading tools and instruments. This makes them one of the leaders of currency trading market. HotForex is also a good broker for small retail traders. They are one of the EU award-winning broker and their website is very clear and user friendly.

Support
50%
Platform
70%
Bonus
90%
Commission
80%
Education
60%

Pros

  • Strong regulation
  • Low competitive spreads
  • MT4 available
  • Bonuses available
  • Choice of Trading Accounts
  • Good number of trading tools
  • Low deposit

Cons

  • Mixed pricing across account types
  • No weekend trading Cryptocurrency
  • No Islamic Account
7.0

Average Score

 

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