HotForex Review, Pros and cons, Opening an account

HotForex Review opening account

  • Hotforex broker is founded in 2010 but despite it’s short life time among other Forex brokers, it has proven that age is not a matter when it comes to trustworthiness and reliability. Over the years HotForex has grown into one of the leading online Forex Brokers in the world. The most important factor in their success is their focus on being “costumer friendly”. Many Forex brokers promise good services with high quality, but only a few can really deliver. HotForex has been able to offer exactly what their clients wish ever since their launch in 2010. In this HotForex review you will get detailed information about their pros and cons, hence you could decide better.

    Is HotForex regulated?

    HotForex is a unified brand name of the HF Markets Group regulated as follows:

    • HF Markets (SV) Ltd incorporated in St. Vincent & the Grenadine as an International Broker Company with the registration number 22747 IBC 2015.
    • HF Markets (Europe) Ltd a Cypriot Investment Firm (CIF) under number HE 277582. Regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 183/12.
    • 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.
    • HF Markets SA (PTY) Ltd is an authorized Financial Service Provider from the Financial Service Board in South Africa, with authorization number 46632.

    Read more: Fxtm review shoul I open account

    Is HotForex Reliable and trustworhty?

    Reliability of a broker and it’s trustworthiness, are the main factors that we should consider before opening an account. In terms of HotForex’s reliability, Hot Forex clients’ money deposits are protected under the requirements of its regulators under a Market Leading Insurance company program.

    The Company has made efforts to safeguard its wealth and assets against Clients and other third parties with a Civil Liability 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. There is no additional cost to our clients for this cover.

    is hotforex regulated

    Hot Forex’s policy of negative balance protection means that even under highly volatile conditions when margin calls and stop-outs do not function properly, no client is responsible for paying back a negative balance to the broker. hey offer industry-leading security of funds, accomplished through only using major global banks and liquidity providers and keeping funds segregated to ensure that client funds are not affected if Hot Forex itself has any problems.

    HotForex Trading Platforms

    HotForex has gathered a wide variety of trading platforms for it’s clients to take advantage of. For example MetaTrader4 (MT4) which is supplied by MetaQuotes software is the most popular HotForex tradin platform available. Beside that you can choose any of the platforms below:

    • MT4 Desktop
    • MT4 Multi Terminal
    • MT4 WebTrader
    • MT4 iPhone Trader
    • MT4 iPad Trader
    • MT4 Android Trader
    • MT4 Smartphone Trader

    Apart From MT4 there is a VIP platform called the RapidTrader. We really recommend all of our costumers to check it out!

    If you are a scalper you might want to consider reading FBS review and test that broker out.

    HotForex Trading instruments

    Hot Forex provide one of the most thorough trading instruments ever. Trader can trade the futures market, spot markets, currency pairs, cryptocurrencies, crude oil, equities, precious metals, indices and commodity CFD’s.

    HotForex Account Types

    To cater to every traders needs and specifications, a vast list of account types are provided to them to choose from. they include:

    Micro Trading Account
    • Min Deposit $5*
    • Leverage Available: 1:1000*
    • Variable Spread
    • Max Simultaneous position: 150
    Premium Trading Account
    • Min Deposit $500
    • Leverage Available: 1:400
    • Variable Spread
    • Max Simultaneous position: 300
    Zero Trading Account
    • Min Deposit $100
    • Leverage Available: 1:200
    • Variable Spread
    • Max Simultaneous position: 500
    Fixed Trading Account
    • Min Deposit $500
    • Leverage Available: 1:400
    • Fixed Spread
    • Max Simultaneous position:300
    VIP Trading Account
    • Min Deposit $20,000/€18,500
    • Leverage Available: 1:300
    • Variable Spread
    • Max Simultaneous position: 400
    AUTO Trading Account
    • Min Deposit $500
    • Leverage Available: 1:400
    • Variable Spread
    • Max Simultaneous position: 300
    HF Copy
    • Performance Fee of up to 35% from Followers who copy your trades
    • Followers: an opportunity to practice and improve your skills by copying trades

    PAMM Trading Account

    • Min Deposit $250
    • Leverage Available: 1:300
    • Variable Spread
    • Max Simultaneous position: 350
    HotForex Commissions & Spreads

    If you are one of those traders that check out spreads and commissions in the first step, you might find hotforex spreads very appealing. They are as follows:


    Spreads (in pips)

    EUR/USD 1.2
    EUR/CHF 1.9
    EUR/GBP 1.8
    EUR/JPY 1.7
    USD/JPY 1.7
    SILVER (USD) 4.5
    GOLD (USD) 29
    UK100 1
    USA500 0.5

    HotForex Deposits & Withdrawals Options

    HotForex respects all of it’s traders financial exchange Preferences, Hence supported deposit and withdrawal options include credit/debit cards such as VISA, MasterCard and maestro, Bank Wire transfers and eWallets such as Neteller, Skrill, Fasapay, Webmoney, UnionPay and Bitpay.

    HotForex Bonus & Promotions

    One of the main benefits that traders at HotForex get to enjoy is the numerous bonuses and promotional programs which the broker has (not available to HF
    Markets (Europe) Ltd clients). For bonuses, there are 3 types, the 100% SuperCharged Bonus, the 30% Rescue Bonus and the 100% Credit Bonus. For the Super Charged bonus, the maximum cumulative bonus is $50,000. For the Rescue bonus, the maximum cumulative bonus is $7,000.

    Read more: earn high profits with Forex signals.

    Apart from bonuses, HotForex has a loyalty program which is designed to reward their loyal traders (not available to HF Markets (Europe) Ltd clients). The loyalty program is divided into 4 classes, Red, Silver, Gold, and Platinum. The more days that the trader is able to trade, the more reward he will earn through the loyalty program.

    Finally, Hot Forex has also organized numerous trading competitions which traders can participate in to win attractive prizes.  These competitions run at different times and with different prizes. For more details, traders are encouraged to check HotForex’s website.

    HotForex Customer Support

    The customer support services at Hot Forex are available on a 24-hour basis. For assistance, traders can reach out to the support team through filling out the web contact form on their website, email, live chat or call them on the phone. For traders in the following countries listed below, they will be able to reach out to the support team through the localized telephone numbers provided.

    • Brazil +55-2139581441
    • China 4001-200742
    • India 000-800-100-7060
    • Indonesia 001-803-017-9110
    • Nigeria +234 7063705519 new!
    • Russia +8-800-100-6322
    • South Africa 0-800-999-265
    • Spain +34-931845604
    • Taiwan 00801-14-8970 new!
    • Turkey +90-850-3902146new!

    So we tried to give away a complete hotforex review in this post. If you ever had any questions please let us know by email or contact form in contact us section.

    امتیاز تریدرهای بزرگ به این مطلب

    میانگین امتیازات 5 از 5
    Vote count: 1 Vote


    • I am trading with this broker for 1 year and trade mostly on major pairs (Cable, Sterling,…) and the spreads is superior. You will have money withdrawal within 24 hours (not weekend). Highly recommended!

    • They want more money in and when you decline to take loans worth of €90,000.00 they’ll empty your investment account. That’s what happened to me. In the beginning it seemed to be ok, but when you want to take money out it is not possible. They say it takes long time to gather the money etc etc. There’s always excuse why you can not have your money back. I have contacted them via customer service and I never got reply in written. My first contact to them was the trading pause of seven weeks. I had that time on my account €85,654.00, suddenly when they started to do the trading, there was less that €20,867.00 left. I checked the trading history win loss report and there wasn’t loss enough that could’ve explained the disappearance of 60,567.0 euros. I was not able to get access to my invested capital including my bonus in the Bloombex account, God so kind, luckily as I was researching for how to get my funds back from the scam broker, then I came across a comment on the broker reviews website, that talks about a recovery expert, on binary,forex,crypto and bitcoin trade recovery, Mr Nathan Harold, he was to guide me the process to get my funds from the scam investment broker Bloombex option trade. Him and his team worked relentlessly to get my refund.
      Feel free to reach out to him , if you had same experience via his email address: and he
      will guide you on steps to take and get your invested capital including your bonus back.

    • I opened account with this broker in July last year and so far i am managing this account with small growth every month. I can safely say that the trading is convenient with their MT4 platform. The leverage is also good enough to trade with mini lots. Spreads are low on EURUSD and average on other pairs. I have only withdrawn money 4 – 5 times. Once a month and the processing time is fair enough.

    • I knew this broker many years ago, from my life experience, any brand can last for over 5 or 10 years, it must be very reliable and decent. I have traded with this broker for 2-3 years rougly 2017, I have traded with local broker and it is too worse than hotforex in most aspects as spreads or payment pace, I don’t encounter any hassles with this broker during my trading. Highly recommended!

    • I invested 10k to the Utrader investment company, the company kept requesting for more money when I requested for a withdrawal of my invested capital,
      and they stop replying to my emails and they are not taking their call. and they finally logged me out of my account and my access to my invested capital.
      I was referred to a recovery expert by my military uncle who also had same issues with his broker.I was able to get my investment back through the help of the binary option trade funds recovery company,Mr Williams did it…, And his team worked relentlessly to get my refund I don’t know how they did it but they finally restored happiness in my family,I promise to recommend them after my funds has been recovered as a sign of gratitude for a job well done..Feel free to reach out to him via his email, and he will guide you on steps to take and get your investment refunded back to you.

    • The simple truth about binary options which many of us do not know is the fact that it is mainly based on predictions. Without proper knowledge of what next can happen to the stock market, you are sure to lose your funds. That is why it is important to be tutored or mentored by a professional trader in binary options. During few days of being mentored by Mrs Doris Ashley I’ve learnt much and also succeeding in trades and has been doing successful withdrawals and was able to recover all my lost funds. Feel free to contact her on Dorisashley52@gmail. com or whatsapp her +1 (516) 494 0313.for positive results…..   

    • I have been trading with hotforex for more than three years now and I have trading EURUSD only since i have started trading with them. The account is not a big one yet the size is growing with every coming week. I have a schedule of withdrawing payments every two weeks or whenever i need the payments. I can say that there are no hassles or issues which i can complaint about because every thing is pretty decent.

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