HotForex is an award-winning global forex broker that provides trading services to both retail and institutional clients.
- Low trading fees
- Multilingual customer support
- Several account types
- Strict regulation
- No social trading feature
- Broker may close your account after a month of inactivity
HotForex is an award-winning forex and commodities broker. The broker positions itself as the preferred forex broker for traders from all over the world.
HotForex has several assets, with different options for account types and trading platforms, which allows choosing trading services that are more important for a trader. The minimum deposit is £5.
It’s regulated by many top-tier authorities, including FCA, CySEC, FSA, DFSA, and FSCA.
We conducted a detailed analysis of the HotForex trading platforms, testing and studying all the broker’s advantages and disadvantages. You can check out our in-depth review below.
HotForex – Who are They
HotForex is a successful broker operating on the market since 2010. The company boasts over 2.5 million active users and more than 200 employees worldwide.
A huge advantage of the broker is the customer support service in 27+ languages. They also try to solve the problem quickly and respond to every user feedback left on Google Play or App Store.
Besides, the broker offers a wide range of trading tools for convenient and effective trading, including exclusive analysing tools, a convenient economic calendar, VPS hosting, auto-trading and others. These HotForex trading tools allow both new and experienced traders to explore the trading market in more depth.
Hot Forex offers over 150+ trading instruments, including forex, stocks, futures, indices and commodity CFDs. And due to the growing demand, they provide cryptocurrencies like Bitcoin, Ethereum, Litecoin and others.
Compare HotForex Features With Other Brokers
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Commissions and Fees
| Type | Fee |
|---|---|
| Minimum deposit | $5 |
| Inactivity fee | $5 |
| Deposit fee | $0 |
| Withdrawal fee | $0 |
Account Type Comparison
| Type | Micro | Premium | Zero Spread | PAMM | HFCOPY | Cent |
|---|---|---|---|---|---|---|
| Min deposit | $5 | $5 | $200 | $250 | $500 for Strategy Provider, $100 for Follower | $5 |
| Max Leverage | 1:1000 | 1:500 | 1:500 | 1:300 | 1:400 | 1:1000 |
| Spreads Types | Variable | Variable | Variable | From 1 pip | From 1 pip | From 1 pip |
Our Opinion about HotForex
When it comes to transparency and security HotForex is the best. HotForex is regulated in six different countries, and it claims that it gives priority to transparency and security above all else.
Before trading, potential HotForex clients can study the trading market and how it works with a good selection of educational materials. The broker offers an excellent range of helpful webinars and video tutorials, daily market news, analysis, and forecasts, which can be helpful for both novice and experienced traders.
We also like the wide range of trading platforms, including MT4 and MT5, web versions, as well as Android and iOS apps. Unfortunately, when using the application, we found some bugs: we came across the fact that the application was closed immediately after clicking on the watchlist.
Summing up, we can confidently say that HotForex is an excellent young trading platform that has many positive features. They care about the safety and comfortable trading of their clients.
FAQs
Absolutely. HotForex is a well-established online forex and commodities broker regulated by multiple financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and more. The broker has been in operation since 2010 and has won numerous awards for its services. Its platform is also highly encrypted to secure users’ data and funds.
Yes. HotForex offers a range of educational resources for beginners, including trading guides, webinars, and a demo account to practice with. The broker also provides an HFCopy account you can use to follow and copy trades from professional traders.
HotForex is headquartered in Cyprus, but the company has a global presence and is regulated in multiple jurisdictions, including the UK. The broker operates in over 180 countries and has offices in Europe, Asia, Africa, and the Middle East.
HotForex is owned and operated by HF Markets Group, which is a conglomerate of companies that includes HF Markets (Europe) Ltd, HF Markets (DIFC) Ltd, and HF Markets SA (PTY) Ltd. The company was founded in 2010 by a team of financial professionals and is headquartered in Larnaca, Cyprus.
No. HotForex and AvaTrade are both well-regarded online brokers in the UK, each with its strengths and weaknesses. Both brokers offer a range of trading instruments, including forex, commodities, stocks, and more, as well as a variety of trading platforms. Ultimately, the best choice will depend on your specific trading needs and preferences.
HotForex Review 2024 Details
✔ Reliable and trustworthy broker
Trading with HotForex for more than six months now. I have evaluated their performance on the basis of certain parameters like account opening time, spreads, leverage, and withdrawal processing time and I have found out that they deserve five stars ratings!
I tried HotForex but didn't succeed with it
Have been currently a HotForex client for a year now and I prefer it. I withdraw into my bank in 2 days with no issues. I haven't encountered any problem with my deposit nor withdrawal. I do what i want in my style and no issues. The only thing i don’t like is that here in my country a lot of forex websites are banned even if well regulated. Even with vpn sometimes takes a few tries to open website, makes you think the broker went down. HotForex is involved and legit.
I have already recognized that the big plus of HotForex is the low level of spreads! Only this broker gave new hope to become disciplined trader and it is working. I used learning content to improve my skills and not to make mistakes. I have a question... maybe can somebody explain how to use average effective spreads tool in my trading?
I found this broker 2 years ago and have been scalping regularly. Most of the time I got good pips when scalping. Sometimes the EURUSD gives me a fast run and some days the GBP makes a great profit. HotForex's withdrawal system is very simple and I withdraw funds every weekend. I use Skrill for this. The spreads are also ok, but they seem small compared to the total income. I recommend trading with this broker, he is reliable.
I have been using HotForex for 1 year, and I am thrilled with their low spreads, platforms, and overall support. One of the best CFD brokers out there. Transparent and honest. Keep up the excellent work.
I have been working with this broker for a long time and I can say that it is genuine as it is also regulated by the FCA. I also withdraw my profits from hotforex to my skrill account, the transaction takes about two days.
I have been using HotForex for 5 months and I am really happy with their low spreads (but not the lowest), platforms and quick account opening and withdrawal. Customer support is easy and polite.
Good broker with lower spreads and good leverage. My trading experience with hotforex is good so far and the withdrawal requests are usually processed within a reasonable time. I like them for their great customer service and recommend trading.
This broker is really well regulated and the trading services they are offering are very good. Fast execution, tight spread, and many account options. Just try and you will see how it is better than other brokers. The customer service is also very good - had some issues but the team helped me professionally and quickly.
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal