Broker hot forex

Top-3 forex bonuses

Vincent & the grenadines as an international business company with the registration number 22747 IBC 2015. The objects of the company are all subject matters not forbidden by international business companies (amendment and consolidation) act, chapter 149 of the revised laws of saint vincent and grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, cfds and leveraged financial instruments.

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Legal: HF markets (SV) ltd is incorporated in st. Vincent & the grenadines as an international business company with the registration number 22747 IBC 2015. The objects of the company are all subject matters not forbidden by international business companies (amendment and consolidation) act, chapter 149 of the revised laws of saint vincent and grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, cfds and leveraged financial instruments.

The website is owned and operated by HF markets group of companies, which include:

HF markets (SV) ltd with registered address suite 305, griffith corporate centre, P.O. Box 1510, beachmont kingstown, st. Vincent and the grenadines.

HF markets (europe) ltd with registered address spyrou kyprianou 50, irida 3 tower 10th floor, larnaca 6057, cyprus.

HF markets SA (PTY) ltd with registered address katherine & west suite 18 second floor 114 west street sandton, johannesburg 2031.

HF markets (seychelles) ltd with registered address room 107, orion complex. PO box 1228, victoria mahe, republic of seychelles.

HF markets fintech services ltd with registered address spyrou kyprianou 50, irida 3 tower 10th floor, larnaca 6057, cyprus.

HF markets ltd regulated by the financial services commission (FSC) of the republic of mauritius, category 1 global business no. C110008214 license | company reg. No. 094286/GBL.

Risk warning: trading leveraged products such as forex and cfds may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice. Please read the full risk disclosure.

Regional restrictions: HF markets (SV) ltd does not provide services to residents of the USA, canada, sudan, syria, north korea.

Hotforex review

This review of hotforex broker has been written by our editorial team upon a numerous requests from our readers. We comapred the fees and trading platforms. We tested hotforex metatrader, their deposit methods and the speed of withdrawal. Is hotforex a scam OR one of the best forex platforms in the world ?

Hotforex belongs to the forex brokers with an outstanding client reputation, and is suitable for more demanding forex traders living across the globe. Hotforex has recently renamed into HF markets. HF markets ltd. Is a fully regulated forex broker and is part of the HF markets group of companies.

Solid broker with good reputation!

Leverage up to 1:1000

Minimum deposit $50

Fast trade execution

Low spreads from 0 pips

47 currency pairs

MT4/MT5 + webtrader

No price requotes

Fantastic customer support

BONUSES if you are from outside EU

No dealing desk

Regulated by FCA, cysec, FSCA, DFSA etc.

Negative balance protection for EU

No bonuses for EU located traders

Mostly focused only on forex

Only USD or EUR as base currencies

Hotforex at a glance

�� broker rating	4.5 out of 5
�� BONUS	yes
�� minimum deposit	$50
�� max leverage	max. 500:1 max 1000:1 (micro account) 30:1 for EU residing clients
�� EURUSD spread	from 0,1 pip (zero account)
�� minimum trade volume	0.01 lot
��number of currency pairs	47
�� metatrader 4	yes
�� copytrading	yes
�� CFD on stocks	yes
�� gold, silver, oil	yes
�� agriculture commodities	yes
�� indices	yes
�� PAMM account	yes
�� account types	micro, premium, VIP, zero spread, fixed, islamic account
�� islamic account	yes swap free islamic account
�� account currencies	you can deposit in USD or EUR currency
☎ regulation	cysec cyprus (license nbr.183/12) FSCA (south africa), DFSA dubai UAE
�� languages supported	24 languages supported:

How we reviewed hotforex

First of all, I’ve chosen PREMIUM ACCOUNT to start with.

I’ve started out by filling in an online questionnaire with basic personal information, indicating my previous trading experience (a few basic questions, honestly nothing difficult to do) and then finally depositing $100. When filling in an online signup form, you must provide your actual phone number because the hotforex representative will call you to verify your identity. I must say, they take the whole verification process really seriously.

Once the account was open, in the next step I have deposited $100 (it is actually the minimum deposit amount for premium account type which I recommend to open) via VISA card and funds were credited to the trading account within 10 minutes, but for larger deposits.

In case you decide to deposit using a wire transfer, hotforex will pay for bank transfer fees in case your deposit is greater than $250.

First of all, we need to alert you that hotforex is a regulated broker, which means you must still verify your identity before you can activate your real hotforex account to comply with the law on money laundering.

You can verify your identity online by submitting a scanned copy of your identity card OR passport + some sort of document that will verify your address of residence, energy bill or mobile bill, bank account statement – you can, of course, blur the amounts )

Screenshot of hotforex’s website

During the test I have placed several orders for the following major currency pairs: EURUSD, GBPUSD, EURGBP both long and short, especially during the peak business hours, and I can honestly say that trade execution time with hotforex was one of the fastest that I have witnessed!

All our business orders for testing purposes were fulfilled on time. When I opened the contract, I placed the LIMIT (take profit) as well as STOP-LOSS. Although this broker is a market maker, during our test we noticed no price requotes , which means that the price we entered as the exit price was actually the price the broker had actually concluded the contract with (without any problems and without platform freezing).

STP broker

This forex company is 100% STP broker, following a market execution policy with no dealing desk (which is good if you ask me) . This means that all clients have their orders executed instantly under normal market conditions and at the real market price. All client’s orders are transmitted to and executed by HF markets ltd who obtains liquidity from multiple banking and financial institutions.

This information, along with all other relevant information regarding their execution standards, is clearly communicated through the order execution policy legal documentation that can be found here.

Trading instruments

47 forex pairs

CFD’s on commodities

Cfds on stocks and indices (UK, USA, germany stocks and indices)

Trading accounts

This broker is currently offering 7 different account types:

MICRO

ZERO

PREMIUM

FIXED

AUTO HF copy trading

ISLAMIC ACCOUNT

I think it really caters to all type of traders on the planet.

Trading accounts comparison

Account types for worldwide clients
micro	$50 deposit, 1:500 leverage*, spreads from 1 pip
premium	$500 deposit, 1:400 leverage*, spreads from 1 pip
ZERO	$100 deposit, 1:200 leverage*, spread from 0 pip
fixed	$500 deposit, 1:400 leverage*, fixed spread
VIP	$20,000 deposit, 1:300 leverage*, spreads from 0.2 pips
auto	$500 deposit, 1:400 leverage*, spread from 1 pip
account types fo european union clients
micro	$5 deposit, 1:30 leverage*, spreads from 1 pip
premium	$500 deposit, 1:30leverage*, spreads from 1 pip
ZERO	$100 deposit, 1:30 leverage*, spread from 0 pip
fixed	$500 deposit, 1:30 leverage*, fixed spread
VIP	$20,000 deposit, 1:30 leverage*, spreads from 0.2 pips
auto	$500 deposit, 1:30 leverage*, spread from 1 pip
PAMM	$250 deposit, 1:30 leverage*, spread from 1 pip
notes: no BONUSES for EU clients no PAMM account for EU clients

Hotforex spreads & fees

FX spreads

SYMBOL	TYPICAL SPREAD
EURUSD	0.1
USDJPY	0.1
USDCHF	0.4
GBPUSD	0.3
AUDUSD	0.4
GBPJPY	0.7
EURGBP	0.7
** spreads are variable and heavily depend on your chosen account type!

Crypto spreads

SYMBOL	TYPICAL SPREAD
BTCUSD	48.49
BTCEUR	51.94
ETHUSD	4.78
ETHEUR	5.0
LTCUSD	3.79
LTCEUR	3.2
** spreads are variable and heavily depend on your chosen account type!

Commodities spreads

SYMBOL	TYPICAL SPREAD
OIL	0.04
GOLD	0.21
SILVER	0.031
COTTON	0.3
COFFEE	0.3
** spreads are variable and heavily depend on your chosen account type!

Hotforex demo account

Like many other brokers, this will also allow you to begin with an unlimited virtual demo account where you have virtual $ 100,000 available. What we’re hoping for is that you can play in the game and enjoy unlimited time. This is very good because other brokers offer time-limited demo accounts within which you can try only limited features.

Hotforex withdrawal review

Once the testing was over, we had to withdraw the balance back to our card that was used to make an initial deposit. Since our account was already verified, there was absolutely no problem. The whole process of withdrawing the amount from requesting the payment until the money reached my card took in approx. 24 hours which is great if you ask me.

Is hotforex safe?

Yes hotforex is safe and 100% legit forex broker. It is regulated by tier 1, tier 2 and tier 3 financial regulators.

Regulation

HF markets ltd. Is regulated by 5 different regulators across the world.

Financial conduct authority (FCA) united kingdom nbr. 801701

FSCA south africa nbr.46632

FSA seychelles SD015 for entity HF markets (seychelles) ltd

DFSA dubai F004885 for trading point MENA ltd.

HF markets (europe) ltd regulated by cysec 183/12

Safety of your funds

Your funds are 100% safe with hotforex:

Segregated bank accounts

Bullet proof insurance

Top tier finance regulation

Excellent reputation among fx traders

Segregated bank accounts

Segregated bank accounts where your money is safely held in barlcay’s bank are now common in forex retail industry, but guaranteed protection against the negative balance is not yet common with all brokers! The broker looks like he takes very seriously the question of security when checking each client to avoid the fraudsters.

Hotforex is on the list of good and reliable brokers, which means that cysec is registering only very few complaints filed by its former clients !

Hotforex’s market leading insurance

Company has made extra efforts to safeguard its liabilities against clients and got an insurance program for a limit of €5,000,000, which includes market leading coverage against errors, omissions, negligence, fraud and various other risks that may lead to financial loss.

Is hotforex a scam?

I know many people want to know whether hotforex is a scam or not. I can assure you here that forex company which is regulated by market watchdogs like financial conduct authority in the UK, cysec and south africa FSCA is definitely not a scam! Hotforex is a trusted brand with an outstanding reputation.

How to open hotforex trading account

Let’s look at how to open hotforex trading account.

Click to enlarge this image

Step #2. – now go into your mailbox and click open email from hotforex, click on the link to confirm your email address:

Step #3. – next, go back into hotforex window (myhf area) in your browser, and finish the registration.

Step #4. – first you will enter final details regarding the address where you live. ** IMPORTANT: write there the address that is on the documents that you will use for verification!

Then answer few questions about your investor profile:

You are almost there!

Step #5. – now you will need to submit the following documents:

Address verification documents – (utility bill or bank account statement with your address of residence visible)

Identity proof – i strongly recommend ID card or passport scanned copy.

That’s it. You are ready to trade with hotforex!

Hotforex broker review – the pros and cons

Hotforex review

Any trader will tell you how important having a good broker is in trading. Hotforex is a reputable forex broker that includes many options and a variety of tools for its user. Read our review to learn more about hotforex and if this forex broker is right for you.

About hotforex

Hotforex has been operational in the industry since 2010. The broker is headquartered in st. Vincent and the grenadines, and has an operational base in cyprus. They have grown substantially in the 9 years since first becoming active. This is exemplified through the number of traders they now accommodate, coupled with their regulation by a varied number of global bodies. This regulation includes within the EU through cysec, and five other global regulatory bodies.

Hotforex account opening

Hotforex offer a total of 6 account types. Three of these, micro, premium, and zero, are suitable for regular traders. This offering is quite similar to the account types offered by FXTM . Auto, PAMM, and hfcopy accounts are also available for those with a more specific nuance in their form of trading.

Ultimately, there are a wide variety of options available for traders wishing to open an account, and there is bound to be something suitable for everyone.

Minimum deposit

The minimum deposit to trade with hotforex is variable. This depends on your account type selection and ranges from $5 for a micro account to $200 minimum deposit for a zero account with spreads from 0 pips. Premium accounts are available for a minimum deposit of $100 through the broker.

Availability and ease of opening

Hotforex accounts are widely available for opening to traders around the globe. The only exceptions to this rule apply in the following locations: USA, canada, sudan, syria, and north korea.

Opening a hotforex demo account is a hassle-free process. Simply input your basic personal information and email address to access a range of demo accounts. These include individual, joint, and corporate options. $100,000 is available to virtually trade for an unlimited time when you open a hot forex demo account.

Opening a hotforex live account includes a few more steps, but is equally accessible. Simply upload your ID and residence document verification to get started with real trading.

Hotforex product offerings

Hotforex product offering bridges an extensive range of markets. They manage to feature a total of 49 forex currency pairings. This covers major forex pairs, along with both minor and a range of exotic pairs. This is a large number of markets even when compared with product review of other top brokers .

Offerings also extend into other markets, with more than 100 other cfds offered in indices, metals, commodities, shares, bonds, and 8 cryptocurrency pairs against both the U.S. Dollar and euro.

This should provide a more than adequate range for any trader, regardless of experience level or standing in the industry.

Commissions and fees

Hotforex generally offer commission-free trading to the majority of their users. The exceptions to this are on the PAMM account, where commission is $10 per round turn on every 100,000 units of currency traded, and the zero account where this commission ranges between $8-$12 per 100,000 units. The commission charged on this account is off-set by the more competitive spreads offered.

Non-trading fees

Hotforex is very generous in terms of non-trading fees. This means there are no fees for any deposits or withdrawals to your hotforex trading account. There is also no fee for inactive accounts. This is a coup for the broker, since inactivity fees are typically prevalent through other major brokers.

The broker does charge a swap fee. These are variable depending upon the markets and interest. More information on swap fees and how to obtain an islamic account here.

Hotforex platforms and tools

Hotforex is a metatrader only broker. This means is offers only metatrader platforms. These are widely respected in the industry and still account for several platform variants. This includes MT4 & MT5 for desktop, web, and mobile.

Desktop platform

Hotforex MT4 and MT5 trading platforms line up in much the same manner as with other platforms. As always, they are the leader in terms of charting capability and the volume of technical indicators provided. They also offer the opportunity to employ automated trading strategies through the ever-popular expert advisors function.

In terms of usability, they cut a rudimentary style on the image front. This however makes them very fast and durable thanks to the lack of unnecessary visuals. All functionality is controlled through the side toolbars where up to date news provided by fxstreet can be accessed.

The central console window is also highly customizable, and the added bonus for hotforex users is that they can avail of the premium trader add-on from blue labs. This does significantly enhance the analytics and visual environment of the platform and can be utilized to the benefit of many traders to gain a much greater insight into their trades and potential trades.

Mobile trading platform

The MT4 trading platform is available for both ios and android devices, providing the same excellent range of features and charting prowess in app form. The mobile trading platform is both easy to access and navigate, with only a few simple and clearly labeled screens.

The MT4 trading platform in mobile format focusses on many of the same goals as its desktop counterpart. This is to make trading both accessible, fast, and well-informed. Traders can utilize a wide range of indicators as well as having access to an economic calendar, and the latest news and alerts on the go.

Education and research

Hotforex webinars are second to none when it comes to educational quality and professional delivery. These are regularly delivered by a host of industry experts and when combined with the range of e-courses, guides, and video tutorials offered by the broker, it is clear that hotforex has dedicated both time and effort to creating a lasting educational infrastructure for the benefit of traders.

The broker is also rising strongly in terms of research capabilities which it provides to traders. These include access to autochartist tools, as well as a newly updated HF app which allows traders to track the performance and analytics of their portfolio at all times. The broker also feature their own dedicated research site. This offers in-house analytics, news, and market information compiled by the hotforex team of experts.

Ultimately, these represent strong offerings in both areas which area a major attraction for both new and experienced traders.

Hotforex differentiators

One of the key points which separates hotforex from other brokers in the industry is that of its extensive regulation. They are one broker who do not shy away from being regulated. This sends a very positive message to both current and potential traders.

The wide variety of account types offers convenience to every level of trader which is also not often seen within the industry. The fact that both PAMM and copy trading are also facilitated from the outset is something which is certain to be a welcome also to more experienced traders or those wishing to engage in copy trading.

Hotforex customer service

The broker provides an extensive network of customer support. This is available on a 24/5 basis and includes telephone support contact in 9 countries. Support team members are also available by email in a number of languages, and web-enabled live chat.

Every method of customer support is well reviewed by current traders, and they are also available to those who are yet to open an account who may have questions. The broker website also features a basic FAQ section which highlights some fundamental questions traders may have.

Trustworthiness

Trust is understandable at the core of any trader’s mindset. This is something hotforex caters well for thanks to a variety of provisions.

They have been operating in the sector, to high levels of industry recognition for almost a decade. Added to that, they are regulated via some of the most stringent financial bodies in the financial world. The fact they are regulated by more bodied than most other major brokers, only serves to heighten the feeling of trust among traders.

Looking to the future, they have recently gained approval to operate under the oversight of the dubai financial services authority (DFSA) . This clearly demonstrates their intention to continue fostering global trust in their operations.

Conclusion

Overall, hotforex performs well in all major areas which would be under consideration from new or experienced traders when selecting a broker. This is further highlighted by the fact they have claimed many industry awards. With a growing user base, expanding compliance, and a continually trader-focused outlook on the future, hotforex represents an excellent choice for anyone considering entry to forex trading, or a change of broker.

Is hotforex A good forex broker for kenyans?: find out in our detailed review

If you are looking for a reputable forex broker in kenya, hotforex is the way to go. I will break it down for you in a nutshell.

Hotforex is one of the few online forex brokers that accept mpesa, which means ease of deposits and withdrawals for forex traders in kenya

You can open a micro trading account with as little as $5 (not that I recommend you start trading with only five dollars, but you know…)

Hotforex is an STP (straight through processor) broker which means your order is passed straight on to the liqudity providers and your bet is not hedged or manipulated like on using a market maker broker

And to top it up, hotforex offers some of the most generous bonuses to new traders. I particularly like the 100% credit bonus, which I shall be discussing shortly.

If you’re not the kind of person that likes lengthy discussions after the point has been made, this is the chance for you. Go open an account at hotforex. Use this link to claim your 100% credit bonus.

Does hotforex accept mpesa?

Yes. Hotforex accepts mpesa deposits and withdrawals. To deposit money into your hotforex account using mpesa, you’ll first need to log into your account at my.Hotforex.Com and then proceed to follow the instructions provided by the broker. The minimum deposit using mpesa is kes 1,000 ($10) and it takes less than 10 minutes for the money to be reflected in your trading account.

Open a live trading account

Hotforex review summary

feature	hotforex
minimum initial deposit	$50
forex: spot trading	yes
currency pairs (total forex pairs)	49
cfds - total offered	104
social trading / copy-trading	yes
cryptocurrency traded as actual	no
cryptocurrency traded as CFD	yes
average spread	1.2 pips on EUR/USD

Is hotforex regulated in kenya?

Hotforex is a legitimate forex broker that has been in the industry for more than 10 years. The broker is regulated by more than 3 reputable regulatory authorities including the financial conduct authority (FCA), which is one of the best regulatory authorities in the world.

This is one of the forex brokers that we highly recommend to kenyans as the they accept mpesa as a means of depositing and withdrawing money from your trading account.

We insist on trading with forex brokers that accept mpesa as the ease of depositing and withdrawing money into your forex account plays a major role on your journey to becoming a successful forex trader. Here is an up to date list of the best forex brokers that accept mpesa.

Hotforex account types

Hot forex offers 6 account types namely:

Micro account from only $5

Premium account from just $100

PAMM account for fund managers

Hotforex ZERO spread account

Unlimited risk free demo account

Which account type is right for you is a matter of personal choice. If you just trading for hobby, you’ll probably want to go with the micro account. Day traders and swing traders go for the premium account while scalpers are best suited with the hotforex zero spread account.

Is hotforex an ECN provider?

How long does it take to withdraw from hotforex?

One of the areas where hotforex fails miserably is on withdrawals. While many other brokers offer instant withdrawals, hotforex makes you wait anywhere from 3-24 hours to process withdrawal requests.

Hotforex

Trading instruments somewhat limited

Banking options limited

No real promotions

Min deposit

Max leverage

Mini account

Bonus

Platforms

Withdrawal options

Review

Comparison

Review

Introduction

Hotforex has been around since 2010 when it was started in mauritius. They are a leader when it comes to providing forex services online, as well as being a worldwide CFD broker. They place an emphasis on their customer.

Currently, there are a number of jurisdictions in which the broker is regulated in, including the cyprus securities and exchange commission (cysec), the financial service provider from the financial sector conduct authority (FSCA) in south africa, and the financial services commission (FSC) in mauritius.

They have won numerous awards since they started their business operations, including being part of the top 100 companies list that was compiled by the world finance magazine in 2017.

On the hotforex platform, there are 27 different languages catered for.

Founded in 2010 in mauritius

Regulated by numerous respected bodies

Winner of many esteemed awards

Trading conditions

One of the key components of hotforex as a broker is to cater for all of the potential needs their customer may have. This is why they have a massively diverse range of account types available for you to choose from, with seven different options on offer, which is extremely high in this sector.

The options available to you are the micro, premium, zero, VIP, auto, hfcopy , PMAA, and premium pro accounts. Each of them has their own strengths and weaknesses, so you need to ensure that in opening an account, you choose an option that best suits your specific needs.

With the micro account, it is suitable for beginners, with a minimum deposit of $50 required, with spreads starting from 1 pips and variable spreads in general. For those looking to minimise fees and spreads, the zero account has raw spreads with 0 mark-up.

This means that you will be dealing with very tight spreads and low commissions. If you are a high roller, the VIP account could be for you as a result of the minimal fees associated with its use and very competitive spreads.

There is a minimum required deposit of $20,000 on this account type. The auto account allows you to copy automatically the advice given by the signals and indicators which are provided from expert analysis systems that have been created at hotforex.

Leverage is going to change depending on the type of account and the type of instrument you are looking to trade.

While often times hotforex has interesting bonuses and promotions running, at the moment they do not having anything of note on offer. In the past for example, if a client deposited 250 USD into his/her approved bonus scheme account he could receive a 100 % supercharge bonus credit of 250 USD. The rescue bonus applied to deposits over 50 USD. If a client deposited 100 USD, he/she could receive 30 USD as part of a rescue program. The rescue program could be used as a stop loss as there is was no limitation in using it for trading. Users were able to receive the rescue bonus after a loss cut. Unfortunately this is not a current promotion, but it may be worth looking out for such bonuses in the future.

6 different account types to choose from

Competitive spreads

Flexibility of options

Products

In terms of the trading instruments offered by hotforex, you can deal with everything from cryptocurrencies, forex, metals, indices, shares, energies, commodities and bonds.

There are more than 50 different currency pairs available and they currently have 53 different shares available as part of their offering.

53 shares available to be traded

Over 50 currency pars to be traded

Regulation

Under their official name of HF market group, they are regulated in a number of different territories.

They are a cypriot investment firm (CIF) and are regulated by the cysec (license number: 183/12). They are regulated by the FSC of the republic of mauritius (license number: C110008214) as well as being incorporated in st. Vincent and the grenadine as an international business company (license number 22747 IBC 2015), they are authorised by the FSCA in south africa (authorisation number 46632), as well as being regulated by the seychelles FSA (license number SD015).

With such wide ranging regulatory bodies approving of hotforex, you can sleep well at night knowing your funds will be kept safe.

Regulated by numerous respected bodies

Platforms

Like a lot of forex brokers, hotforex utilises metatrader as their trading platform. This is ideal for those traders who are well used to using this trading platform and it is quite easy to pick up for those who don’t have any experience using it.

There are many different features and tools available to you as part of this platform which helps to enhance the ability of the trader.

There are many different version of metatrader 4 available with hotforex, including their desktop, multi-terminal, web browser, iphone, ipad, android and general smartphone versions of the trading software.

There is also a proprietary hotforex rapidtrader API available to users which allow traders to get direct market access, as well as being able to conduct automated trading without needing to use the metatrader 4 platform.

Variety of metatrader platforms to choose from

Proprietary trading platform option

Mobile trading

As a result of being a metatrader only platform, you will able to utilise the platforms on ios and android devices, through the metatrader 4 (MT4) app which can be downloaded straight away from either the app store or the android play store. There is also a version for general smartphones that do not fall under the android or iphone categories.

There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps.

Quality mobile offering

Pricing

With hotforex, the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them. There are seven different account types in total.

For the most part, there are variable tight spreads offered at hotforex in addition to their specialised account for scalpers that are fixed spread and the automated trading account which has the same spread prices as interbank.

For their zero account in which there are no spreads, commission is charged at a tiered rate. Generally, for trades sized up to 1,000 there will be $0.08 charged per round turn, $0.80 charged per round turn for a trade size of up to 10,000 and $8 per round turn for trades sized up to 100,000.

The typical spread you can expect for EURUSD is 1.2 pips

Competitive spreads

Variety of pricing models depending on account type

Deposits & withdrawals

There are many different deposit and withdrawal options available for users of the hotforex platform. Mastercard and visa cards are of course catered for in addition to the likes of skrill, american express, neteller, mybitwallet, webmoney and bank transfers.

The minimum required deposit for a bank wire transfer is $250, with the minimum required deposit for all other options being set at $50. Hotforex do not charge any fees for these payment options.

Depositing via bank transfer will take between 2 and 7 working days whereas the other options will have their deposits processed almost instantly. In terms of withdrawals, they will start to be processed within 24 hours after the request has been submitted.

The minimum withdrawal amount is $5 for all options except the bank transfer, with the minimum withdrawal being $150. It will take the bank transfer and credit cards between 2 and 10 working days for withdrawals to be fully processed. Withdrawals made through the likes of neteller and skrill will be processed almost instantly.

Processing times are average

Payment options somewhat limited

Customer support

You can get in touch with a member of the hotforex customer support team 24 hours a day. You have the option of sending an email, talking to a representative via live chat or ringing them over the phone. There are different numbers you need to ring depending on the specific region you are located in.

There are more than a dozen languages catered for through the customer support team and the support is available five days per week. They also have a comprehensive FAQ section in which you will very likely find answers to your questions.

Customer support available 24/5

Comprehensive FAQ section

Research & education

Hotforex have an extensive education section as part of their platform to help their traders as much as possible. They have everything from live webinars to market analysis, general training videos and step by step courses.

All of these resources are available to anyone and they are ideal for those trading out their trading journey and more experienced traders alike.

Noteworthy points

Hotforex has a VPS hosting service if you need it and they have a whole host of trading tools, calculators and market analysis all in one place that will fit all of your needs.

It really is a one stop shop for all of your trading needs, as they look after the needs of their users from start to finish.

They are well respected in the industry and this is reflected by the numerous awards they win each and every year. They are involved with numerous charities, including the likes of unicef and red cross, as well as sponsoring numerous events over the years, such as the 2017 carrera cup.

The platform is easy to use and with more than 27 languages catered for, they cover most of the bases.

Support of numerous charitable organisations

Over 27 languages

VPS hosting service

Conclusion

Hotforex is a one stop shop for all of your trading needs, whether you are new to trading or have many years of experience

They have a great education centre which will allow you to educate yourself on all manners of training, as well as keeping up to date with the latest market analysis.

Their customer support team is always available to help and they have tried and trusted banking options which keep your funds safe and sound. They’re regulated by numerous respected bodies across the world and have competitive pricing across the board through their various account types.

Overall, hotforex is one of the best brokers on the scene today and are definitely a great option if you are looking for a new broker.

Comparison

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Hotforex forex broker broker review

Reviewer : justin freeman

Published: 15th july, 2020.

Broker information

Company name: hotforex

Founded: 2010

Country: cyprus & saint vincent & grenadine

Phone: +442033185978

Platform info

Platform: MT4, MT4 multiterminal, MT4 webterminal, iphone, ipad, android, smartphone trader, metatrader5

Web based: yes

Mobile trading: yes

Broker services

Regulators: cysec, FSCA, FSA, DFSA, FCA

Minimum deposit: $5

Leverage: from 1:2

US clients: no

Funding methods: wire, visa, mastercard, maestro, webmoney, skrill, netteller, mybitwallet, etc.

Pairs offered: 50+

Open free
demo account

Experts summary

Hotforex is a multi-asset broker CFD trading through their online trading platform. Since being founded in 2010, hotforex has gradually established itself in an increasingly crowded market. And despite the competitive market conditions, it has opened a total of 2,00,000 live accounts in a little under a decade in operation.

Through a rapidly expanding network of offices, it currently employs over 200 talented individuals from across the world, which allows them to offer customer support in over 27 languages—making them one of the most international brokers around.

Hotforex, or ‘HF’ as it calls itself these days, is an award-winning forex and commodities broker, and provide trading services and facilities to a range of retail and institutional clients—although retail traders are currently their primary focus.

By offering favourable trading conditions and cutting edge trading technology, hotforex has built up a reputation as the broker of choice for hundreds of thousands of traders across the world.

Trading is delivered through several different account types, which includes premium, zero spread, hfcopy, and premium pro.

Additionally, for those of you just looking to get your feet wet in the CFD trading space, hotforex also has a comprehensive demo account which provides a carbon-copy replica of the live accounts on offer.

This gives you a chance to get fully comfortable with the platform before trying your hands on the open markets. Spreads start from 1 pip on the premium, hfcopy, and premium pro accounts, which are about what we would expect for a brokerage of hotforex’s size. Nevertheless, when combined with everything else it has on offer, the trading conditions on hotforex are generally pretty favourable.

In terms of their company vision, hotforex not only places a big focus on providing competitive trading conditions but also put client trust and safety at the centre of everything it does.

To this end, it’s licensed to operate by cysec (cyprus securities and exchange commission), DFSA (dubai financial services authority), the FSC of the republic of mauritius, the FSCA in south africa, and the FSC in seychelles. Additionally, it also has a multilingual customer support team available to speak to through the website, 24 hours a day, 5 days a week.

Although it has only been in operation for around a decade, hotforex has nevertheless amassed a sizeable number of industry awards for themselves. This includes awards for transparency, best client services, best forex provider awards in asia and latin america, and a whole host of other industry awards.

Since opening their doors in 2010 hotforex have garnered over 35 industry award, which works out at an average of 3.5 per year—not too shabby for a relatively new kid on the block.

In light of all these industry successes, it is clear that hotforex is on the path to great things. As such, if you are looking for a generally solid all-round CFD broker with a proven track record of success, hotforex is definitely worth trying out.

Being “customer responsive” is a proven path to success, especially in the forex brokerage industry, but many firms profess more than they deliver. Not so with hotforex.Com, which may be one of the best in the industry at giving their clients what they want and then some.

The firm’s offerings and features are bristling with new additions that are tailored to suit specific segments of the global community of traders. If you feel out of sorts with your broker or that the trading environment is not ideal for your individual trading strategies, then hotforex, also known as HF markets ltd., may be the broker that you have been searching for. Unfortunately, they do not accept U.S. Clients at this time.

At hotforex, you can trade traditional forex pairs or you can also trade cfds for commodities, stocks, indices, energies, metals and cryptocurrencies. With origins dating back to 2010 and a global presence, the group’s entities are regulated by authorities in cyprus, south africa, mauritius and others. Notably, HF markets (europe) ltd is regulated by cysec while HF markets SA (PTY) ltd is authorized by the financial sector conduct authority in south africa. Multiple-language capabilities have attracted a broad global customer base, many persuaded to join due to the 20+ prestigious industry awards that the firm has earned over the past seven years. There are also plentiful bonus and award programs*, whether you are a new, old, big-lot or small-lot trader. Hotforex does not discriminate. Micro accounts begin at $5* and progress from there. There are also other specialized accounts that access zero-spread trading accounts.

Hotforex is a straight-through-processor (STP) that has aligned its liquidity providers to accommodate all types of traders, including scalpers and automated traders. You may download the popular metatrader4 platform series or access one of many customized operating systems that permit web-based and mobile action to flourish on any operating system.

Tight spreads are the rule, and you will find higher leverage limits than offered at most all other brokers. Support materials are excellent and in abundance, and customer service is top-of-the-line, as well. “honesty, openness and transparency” is the firm’s byline, a “HOT” combination from a hot forex broker making its mark.

As of august 1st 2018 new margins take effect. You can read more about it here.

* disclaimer: for clients of HF markets (europe) ltd: 1. Bonuses are not available 2. Minimum deposit is $50 3. Leverage is set to a maximum of 1:30 always depending on the appropriateness status of the client.

Unique features of trading with hotforex

Why trade with hotforex.Com? The firm lists these reasons:

Formed in 2010 in the republic of mauritius by industry professionals;

Regulated by the cysec in cyprus and licensed by the FSCA in south africa. Also regulated by FCA, DFSA and FSA.

All deposits are safe in segregated accounts with major international banks;

Trade forex pairs, metals, energies or cfds for stocks, commodities, and indices with over 140 asset choices in 20 markets;

MT4 trading platform formats, combined with customized web-based versions for access via any all operating system;

Multiple accounts with escalating benefits: micro, premium, VIP, fix, auto, hfcopy;

Specialized accounts: “no-swap islamic” account, a zero account to provide near zero-spreads for scalpers and automated traders requiring near-zero spreads; PAMM account (only available to clients of HF markets (SV) ltd).

No U.S. Clients accepted at this time;

Multiple deposit methods supported;

Branded mastercard for quick withdrawal applications;

Website in 27 languages, many of which are supported by customer service 24X5 each trading day;

Spreads & leverage

Hotforex offers primarily variable tight spreads, but they also offer a specialized fixed spread account for scalpers and automated traders that equates to interbank spread prices. Leverage also varies by account classification. For micro, premium, and VIP, leverage conditions are respectively 1:500, 1:400, and 1:300(not applicable for EU clients. Max leverage is 1:30 for EU)

*for clients of HF markets (europe) ltd leverage is set to a maximum of 1:30 always depending on the appropriateness status of the client.

Platform

You will not encounter access problems with hotforex. If you prefer MT4 software, then downloads are available, but if your operating system balks or you prefer a web-based solution or mobile app, then look no further. Hotforex has custom made a number of software solutions, all state-of-the-art, and each will make your trading experience an enjoyable one from the get go. Mobile access is a snap, any time of day and via any internet-capable device, whether a phone, a tablet, or a laptop. The latest in 256-bit SSL technology also encrypts all personal and trading session data for security purposes.

Deposits and withdrawals

Hotforex accepts all major credit and debit cards, bank wire transfers, and additional services like skrill, neteller, fasapay, sofort, mybitwallet, ideal and webmoney as with all global brokers, you will need to submit legally mandated identity information before any withdrawal request can be approved and processed.

Beginner support

Experienced customer service representatives speak a dozen or more languages and can be reached “24X5” via phone, email, live chat, or even skype. The website can actually be read in 27 languages. The firm’s educational pages center is filled with training materials, videos, charting tools, free signal alerts, daily commentary, and more, for both beginners and veterans.

Conclusion

Hotforex has gone over the top to give its customers what they truly want. The firm exemplifies the true meaning of the words “full-service” and “one-stop-shop”. If you want it, you will find it here: competitive spreads and leverage; special account features; customized trading platforms for all operating systems; accommodative fees for scalpers and EA enthusiasts; and all wrapped together with excellent customer service and support materials. You will be hard pressed to find another broker that tries this hard to win you over, and, judging by its awards and favorable testimonials, the trading public agrees that hotforex is definitely top tier. Trade forex pairs, metals, energies or cfds for stocks, commodities, and indices with over 140 asset choices in 20 markets;

About the author : justin freeman

Justin has twenty-two years' of experience working in the financial markets with brokers. He's held trading and risk management positions at boutique asset managers and large investment banks. Justin helps people understand their trading options in a clear, jargon-free manner.

Is hotforex A good forex broker for kenyans?: find out in our detailed review

If you are looking for a reputable forex broker in kenya, hotforex is the way to go. I will break it down for you in a nutshell.

Hotforex is one of the few online forex brokers that accept mpesa, which means ease of deposits and withdrawals for forex traders in kenya

You can open a micro trading account with as little as $5 (not that I recommend you start trading with only five dollars, but you know…)

Hotforex is an STP (straight through processor) broker which means your order is passed straight on to the liqudity providers and your bet is not hedged or manipulated like on using a market maker broker

And to top it up, hotforex offers some of the most generous bonuses to new traders. I particularly like the 100% credit bonus, which I shall be discussing shortly.

Does hotforex accept mpesa?

Open a live trading account

Hotforex review summary

feature	hotforex
minimum initial deposit	$50
forex: spot trading	yes
currency pairs (total forex pairs)	49
cfds - total offered	104
social trading / copy-trading	yes
cryptocurrency traded as actual	no
cryptocurrency traded as CFD	yes
average spread	1.2 pips on EUR/USD

Is hotforex regulated in kenya?

This is one of the forex brokers that we highly recommend to kenyans as the they accept mpesa as a means of depositing and withdrawing money from your trading account.

Hotforex account types

Hot forex offers 6 account types namely:

Micro account from only $5

Premium account from just $100

PAMM account for fund managers

Hotforex ZERO spread account

Unlimited risk free demo account

Is hotforex an ECN provider?

How long does it take to withdraw from hotforex?

One of the areas where hotforex fails miserably is on withdrawals. While many other brokers offer instant withdrawals, hotforex makes you wait anywhere from 3-24 hours to process withdrawal requests.

Hot forex review 2020

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.57% of retail investor accounts lose money when trading cfds with HF markets (europe) ltd. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Summary

The company received the best forex affiliate program award in 2012, the best online broker in asia award in 2012, the best online broker in eastern europe award by world finance magazine, the best FX online broker award in 2012, the best forex affiliate broker in western europe award in 2013, the best forex broker in the gulf award in 2013, the best introducing broker program award in 2013, the best online broker in asia award in 2013, and the best forex broker in china award in 2013.

In 2016, it received the best forex news and analysis provider award and best new forex broker in south africa award in 2016.

In 2017, it was rewarded with the bizz peak of success award and in 2018, the best global forex trading education provider award in 2018 and best forex broker in latin america award in 2018.

The biggest selling point for hot forex is the 50% bonus on new accounts, while also providing scalping currency trading.

Whats even more impressive is that hot forex provides extremely tight spreads.

Broker information

Introduction

Customer responsiveness is a proven path to achieve success. This is especially true when it comes to the forex trading industry. However, most companies tend to profess more than what they can deliver. Thankfully, this is not the case with hot forex, considered one of the best in the financial industry when it comes to giving clients exactly what they want. The company’s features and offerings are expanding with new additions that have been tailor-made to perfectly suit global traders.

With hot forex, traders will be able to trade forex pairs or a wide range of CFD’s, such as cryptocurrencies, metals, energies, indices, stocks, and commodities. The company was initially established in 2010 and offers multiple-language capabilities that have managed to attract a customer base on a global scale. Many of those joined the firm due to the prestigious awards that the company received since its inception in 2012. Hot forex also provides a vast selection of award programs and bonuses, whether you consider yourself a small-lot, big-lot, old, or new trader. Micro accounts start at $5 and increases from there, while also providing specialised accounts with zero spread trading conditions.

Hot forex is regarded as a straight-through-processor that has managed to align its liquidity providers to house all trader types, including automated traders and scalpers. Traders are more than welcome to download the immensely popular MT4 trading platform series. They may also choose between several customised operating systems that are available through a web browser or through a mobile device to flourish in trading while on the move. There’s also an overabundance of support materials along with top-quality customer support. The company strives for transparency, openness, and honesty.

Licensing and regulation

As previously mentioned, the origins of hot forex can be traced back to 2010. The entities of the group are licensed and regulated by several authorities, including mauritius, south africa, cyprus, and others. HF markets limited (europe) is licensed and regulated by cysec while the HF markets limited (south africa) is licensed and regulated by the financial sector conduct authority.

Mobile trading

Hot forex gives you complete control over your trading account, whether you are using a mac or windows PC, or a mobile or tablet device. The company developed dedicated mobile apps for both ios and android devices, providing trading tools and advanced charting together to create the perfect opportunity to trade on the move. The android mobile app is available on google’s play store, while the ios app is available on apple’s app store.

The dedicated mobile apps from hot forex gives traders access to chart movements, technical analysis, financial markets, and the ability to make orders from anywhere across the globe. It’s also comes equipped with intuitive currency charts, trading history and the ability to modify and close existing orders. It includes live tick charting trading, over 20 indicators, and real-time loss/profit of live trades. What’s even more impressive is that the site provides a comprehensive guide on how to download the app. There is information on how to connect your account and how to utilise the features directly from the palm of your hand.

Brand & functionality

There is no better way to evaluate a brand and its functionality than looking at the trophy cabinet, and hot forex certainly leads in this department when you take a look at all their award over the last few years. The company received the best forex affiliate program award in 2012, the best online broker in asia award in 2012, the best online broker in eastern europe award by world finance magazine, the best FX online broker award in 2012, the best forex affiliate broker in western europe award in 2013, the best forex broker in the gulf award in 2013, the best introducing broker program award in 2013, the best online broker in asia award in 2013, and the best forex broker in china award in 2013.

The company also received the best client fun security award in 2014, the best FX online broker award in 2015 and the business excellence award in 2015. In 2016, it received the best forex news and analysis provider award and best new forex broker in south africa award in 2016. In 2017, it was rewarded with the bizz peak of success award and in 2018, the best global forex trading education provider award in 2018 and best forex broker in latin america award in 2018. As an added point of interest, it is included in the top 100 companies by the world finance magazine. This alone tells you that hot forex is one of the best online financial trading companies in the world when it comes to the brand and its functionality.

Registration process

Traders can choose between two account types before registering a new account, including a live account and a demo account. Registering a live account is extremely quick and easy. This is due to you only needing to provide your account type ( individual, corporate, or joint) as well as your account currency base. You then need to enter your personal information and select whether or not you would like to receive promotions, product updates, and company news before agreeing to the terms and conditions.

Once your account is successfully registered, you will need to confirm your email address by clicking on “activate now” within the email you received from hot forex. Once your email address is verified, you will be greeted with the myhf area. From here you can view your trading accounts, announcements, trading rewards, and featured releases. Once you familiarise yourself with the myhf area, you will need to complete your registration with a more in-depth series of questions. This will include address details, nationality, economic profile and investor information. Lastly, you will need to complete an assessment questionnaire before you’ll be able to make a deposit on your account.

Depositing process

Once your account is fully registered, and you have uploaded your ID and utility bill to confirm your date of birth and address details, you can make your way to the banking section to select a deposit method to fund your account. Hot forex offers a wide variety of deposit methods, including bitcoin by skrill, bitcoin cash, wire transfer, neteller, skrill, mastercard, and visa. The minimum deposit at hot forex is $5, and you need only to select your preferred payment method to prceed with a deposit. This will see you entering the necessary details to register your payment method and the amount you wish to deposit. It’s truly that easy.

Product offering

Traders can choose from 3 account types, including a micro account with a minimum deposit of $5 up to $499, a premium account with a minimum deposit of between $500 and $39,999, and a VIP account with a minimum deposit of $40,000 or higher. The leverage will vary from account to account, with micro giving 1000:1, premium giving 400:1, and VIP giving 300:1.

The company also has a fourth account, known as the currenex account with a minimum deposit of $500. There’s also an islamic account with a minimum deposit of $150. The biggest selling point for hot forex is the 50% bonus on new accounts, while also providing scalping currency trading. What’s even more impressive is that hot forex provides extremely tight spreads. For instance, USD/EUR: 1.6 pips, USD/GBP: 2.5 pips, USD/JPY: 1.7 pips, and USD/CHF: 1.9 pips.

Trade execution

Hot forex provides one of the fastest and most reliable trade execution speeds of 0.1 seconds, regardless if you use your mobile device or the desktop version of the site. Traders will also be able to contact a dedicated trade execution desk via telephone if you don’t have access to the internet. This is ideal if you are unable to connect to the hot forex trading platform, or if you fail to receive a confirmation on any placed orders.

Banking

The banking section at hot forex is one of the most reliable and trusted destinations on the site. This is due to it utilising the most advanced SSL encryption technology to safeguard your information from third-party hackers. The company is also not allowed to provide any of your personal details to affiliate sites and comes equipped with a truly comprehensive range of secure payment methods to easily and effortlessly transact on your account.

Customer support

Hot forex can be reached in several innovative ways if you ever have a problem or query on your trading account. Traders can send a quick email, give them a call, or chat to them directly from the site via a live chat facility. The support desk is available around the clock and offer friendly, helpful, and professional support. The site also comes equipped with an all-inclusive FAQ section for added convenience.

Trading tools

Hot forex uses the world-renowned metatrader 4 platform, as well as the newly developed metatrader 5 platform, that impresses with a wide range of customisation options and several innovative features. The MT4 and MT5 trading platforms will give traders access to nine different timeframes, detailed analysis on quote dynamics and the ability to view several charts simultaneously. It includes the capability to overlay analytical objects, access preprogrammed analytical tools, and more than 50 built-in tools and indicators. This allows you to ensure you have everything you need on both desktop and mobile devices.

Looking for the best customer service in FX trading? Read our hotforex review today!

Website: www.Hotforex.Com

Phone: +357-24-400561

Office address:

Spirou kyprianou 50 irida 3 tower 10th floor,

Larnaca 6057

Cyprus

Hotforex is quite new to the forex trading market concerning the popularity and brand awareness, even though the company has been in operation since 2008. The broker has recently re-invented its customer-oriented attitude by offering an excellent customer service platform, which has enabled the company to receive a ton of awards from several recognized institutions from europe, asia, africa, and the middle east. The primary requisite for any broker to achieve recognition in the forex trading industry is to listen to their customers, which is exactly the strategy that hotforex followed to achieve immense success among global retail traders.
Hotforex is also extremely popular among introducing brokers and affiliates, and it is indeed seen as a positive approach by the company to promote its brand among lesser known markets. The company’s prime attention towards ensuring an excellent customer-service oriented brokerage service is one of the key reasons why existing hotforex clients continue to do business with the broker.
Hotforex regulation is also one of the hot topics of discussion among traders, as hotforex is one of the few brokers that have multiple regulatory statuses throughout the world. Hotforex is regulated by the st. Vincent & the grenadines regulatory authority, the cysec in cyprus, and the FSC of the republic of mauritius under the HF markets moniker. It is interesting to note that the broker has based its corporate offices in some of the highly popular tax havens in the world, which can be a bit of an issue with traders from countries such as the US and australia. US-based brokers are required to be regulated by the CFTC and be a member of the NFA to be able to offer their services to US citizens. Nevertheless, almost all the modern regulatory organizations these days are committed to the welfare of traders in general, which is a good thing, considering that the number of scams is increasing on a day-by-day basis.

What are hotforex trading account specifications?

Hotforex has covered a significant part of the financial markets by offering forex, metals, energies, indices, shares, cfds, etfs, and binary options through its different trading accounts. Hotforex certainly understands their clients’ tastes and preferences, which is why they have incorporated a multitude of trading instruments to offer a diverse product portfolio. However, when it comes to choosing an account, hotforex provides nine different types of accounts, which is a lot for the average trader. The minimum deposit required to open an account is $5, while the maximum hotforex leverage is 1:1000. In our opinion, the leverage is too high for a forex trader, but larger accounts have comparatively rational leverage to the tune of 1:400 or lesser margin. The different types of trading accounts are as follows:

EU clients:

Micro account: $50 deposit, 1:500 leverage, spreads from 1 pip

Premium account: $500 deposit, 1:400 leverage, spreads from 1 pip

Zero account: $100 deposit, 1:200 leverage, spread from 0 pip

Fixed account: $500 deposit, 1:400 leverage, fixed spread

VIP account: $20,000 deposit, 1:300 leverage, spreads from 0.2 pips

Auto account: $500 deposit, 1:400 leverage, spread from 1 pip

Non-european clients:

Micro account: $5 deposit, 1:1000 leverage, spreads from 1 pip

Premium account: $500 deposit, 1:400 leverage, spreads from 1 pip

Zero account: $100 deposit, 1:200 leverage, spread from 0 pip

Fixed account: $500 deposit, 1:400 leverage, fixed spread

VIP account: $20,000 deposit, 1:300 leverage, spreads from 0.2 pips

Auto account: $500 deposit, 1:400 leverage, spread from 1 pip

PAMM account: $250 deposit, 1:300 leverage, spread from 1 pip

European clients cannot receive bonuses and apply for the PAMM account.

The zero account, currenex account, and the VIP account options are ECN platforms that provide tight spreads along with a commission per trade. The auto and HF social accounts are social trading accounts that allow investors to copy trades from other successful traders. Hotforex has excellent trading conditions, and the only problem is that traders can be confused by the sheer number of options available, which can negatively affect the broker’s conversion ratio. On a positive note, hotforex offers an account for every type of trader, which is one of the reasons why hotforex continues to be a popular FX broker among modern traders. The hotforex spreads are also highly competitive, and the spreads starting from 1 pip for the standard accounts are acceptable.

All accounts have access to the full range of trading instruments, and can be traded using the MT4 as the standard hotforex trading platform. Meta trader is the most commonly used and highly popular trading terminal for forex traders, which has prompted hotforex to utilize several versions of the MT4 terminal across its different account offerings. The MT4 mobile apps for ios, android, and windows devices serve as the hotforex mobile trading platform, while the MT4 webtrader can be used for both desktop and mobile trading. The MT4 multiterminal can be used to manage multiple accounts, and is a useful tool for PAMM account holders or for traders who trade on multiple investor accounts.

How can I receive A hotforex bonus?

The broker offers an attractive hotforex bonus of 100% on the deposited amount either as a cash bonus or a credit bonus, which essentially doubles the equity in a trading account. Hotforex is one of the very few mainstream forex brokers that offer a bonus, and along with exceptional trading conditions, traders will find the bonus to be quite useful in trading. You can receive a bonus by just verifying your trading account, making a deposit, and by choosing your deposit bonus.
Deposits are taken care of through credit cards, bank transfers, online payment processors and e-wallets such as skrill and neteller. Traders can make instant deposits and withdrawals. However, withdrawals do take some when compared to the time required for deposits. Accepting a bonus also puts several trading conditions into play, which should be satisfied before making a withdrawal request.
Hotforex has multiple channels for customer support, including live chat, web contact form, active phone numbers, emails, and multi-lingual support. The broker has made it exceptionally clear that dedicate their service towards maintaining an excellent relationship with their traders by keeping their client’s welfare in their mind, and this is the very core principle of the company that is guaranteed to ensure the safety of the traders and keep them secure against broker issues in the highly risk financial markets.

Is hotforex a good broker?

Yes, the hotforex online broker is a very good choice for retail traders. They offer several account types to EU and international clients, are regulated by several bodies including cysec, CFTC and the FSC of mauritius, and offers attractive bonuses to traders in eligible jurisdictions.

Does hotforex have bonus?

Yes, hotforex offers clients in eligible regions a no deposit trading bonus. To claim this offer you must complete the registration process and enter the corresponding sign-up code. Terms and conditions and country restrictions apply.

What type of broker is hotforex?

Hotforex is an online STP/ECN broker which offers its clients several account types across two trading platforms. Most of the account types have STP execution policies, yet you can enjoy ECN trading opportunities by registering for a zero spread account.

What is the minimum deposit at hotforex?

The minimum deposit for an account at hotforex depends on the account type and region you are trading from. For international traders, micro accounts start at $5 deposits. For EU traders, premium accounts start at $100.

How long is hotforex withdrawal?

Hotforex withdrawal times vary depending on which payment method you choose. The broker will process your request within 48 hours, yet transaction times can take between 2-10 business days on credit cards and wire transfers. E-wallets are the fastest withdrawal method, with instant results after processing.

So, let's see, what we have: the all-in-one account management solution which allows complete control over your trading and financial operations. At broker hot forex