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.
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
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.