HotForex Review

HotForex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients.

Through its policy of providing the best possible trading conditions to its clients and allowing both scalpers and traders using expert advisors unrestricted access to its liquidity, HotForex has positioned itself as the forex broker of choice for traders worldwide.

Fully licensed and regulated by CySEC and the FSC, they offer various accounts types, trading software, and trading tools to facilitate individuals, fund managers, and institutional clients in trading forex and commodities.

With offices in Cyprus and Mauritius, and supported by global Customer Management Centers, HotForex offers an unparalleled trading experience with excellent multilingual support in an effort to provide its clients with every trading advantage possible.

HotForex is driven by their core values of Honesty, Openness and Transparency and this is reflected in all daily operations and management decisions.

With many years of active trading experience across multiple platforms and markets, the progressive and dynamic HotForex management team recognized that traditional web based forex brokers would be placed under increasing pressure due to their delays in executing trades, frequent system failures and poor overall customer service. As a result, HotForex aims to lead the way forward through the use of cutting edge technology, innovative systems solutions, low cost commissions and unrivalled customer service.

HotForex clients are of paramount importance, which is why everything we do is always with the goal of improving their overall trading experience. Our dedication to clients stems from our belief in offering a level of personal customer service that is second to none. The HotForex customer support team is comprised of industry professionals who are available around the clock 24/5 to help clients with anything they may need from initial registration to the withdrawal of trading profits.

Typical Spread on Majors

* STANDARD account shown.
Headquarters Ebene, Mauritius
Type of Broker STP
Founded 2010
Regulated By Regulated By FSC (Mauritius), CySEC (Cyprus), FSB (South Africa)
Offices In Mauritius, Cyprus, United Kingdom, United Arab Emirates, South Africa
Supported Languages Arabic, Bulgarian, Chinese, Czech, English, Farsi, Filipino, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Thai, Urdu, Vietnamese.
ESMA Regulation ? This broker is regulated within the E.U and may be subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article
Account Currencies EUR, USD, PLN, ZAR, NGN
Minimum Deposit $5
Traders from USA Allowed No
Clients Funds Segregated Yes
Interest on Margin No
Islamic Accounts Yes
Islamic Account Restrictions Muslim Faith Only
ECN / STP Accounts Offered No
Commission on STP or ECN $5/100K (Currenex) per side, $3/100K per side (VIP account)
VIP Accounts Offered No
Mini Accounts Offered Yes
PAMM / MAM Solutions Yes
API Solutions Yes
Mobile Trading Yes
Web Based Trading Yes
Funding Methods Credit/Debit Cards, Wire Transfer, WebMoney, Skrill, Neteller, fasapay
Withdrawal Methods Credit/Debit Cards, Wire Transfer, WebMoney, Skrill, Neteller, fasapay
Platforms Offered MetaTrader 4, MetaTrader 5, MetaTrader 4 Mobile, MetaTrader 4 iPhone, MetaTrader 4 Android, MetaTrader 5 Android, MetaTrader 5 iOS, Webtrader, FIX API, Currenex
NO of Pairs 47
Cryptocurrency Trading Yes
Pricing Digits 5
Trade off Charts Yes
One-click Execution Yes
Email Alerts No
Mobile Alerts Yes
MetaTrader Server Time GMT + 2
Demo Account Expiry Non-Expiring
VPS Offered Yes
Free VPS Conditions Minimum Account Balance $5000, Advanced VPS Minimum Account Balance $8000
Dealing Desk No
Maximum Leverage 1000:1
Minimum Contract Size 0.01
Execution Market Execution
Hedging Yes
Scalping Yes
Scalping Restrictions No
Option of OCO No
Option of FIFO No
Negative Balance Protection Yes
CFD's Yes
Metals Yes
Binary Options Yes
Oil Yes
Stocks Yes
Indices Yes

HotForex Reviews

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Osama Country: Pakistan Acc No: 3****2 Oct 14, 2020
I tried this broker after going through many others. I have found out that the registration, verification, deposit/withdrawal processes and order executions are very smooth and user-friendly. The trading platform is excellent. It meets all my expectations. Fast execution of trades, withdrawal via skrill takes within two day, and spreads are also bearable.

Hussain Country: Pakistan Acc No: 2****3 Sep 24, 2020
Using micro account since 2018 and almost withdrawn multiple times of the amount i had deposited. The trade conditions are quite reasonable without any requotes.

Dung Country: Vietnam Acc No: 2***5 Sep 12, 2020
Swift payment and dedicated support for an international broker. Worthy trying!

Cindy Pena Country: Singapore Jun 29, 2018
I have had a premium account with hotforex since march 2017, I do not claim to be a professional trader but I can safely say that the broker does provide and keeps its end of the deal, so far the mt4 execution is responding very well, in terms ofo spreads it is good even for scalping. withdrawal options i have done are through skrill previously and currently working with the hotforex card both are good and processed with 24 hours.
robin Country: Guatemala Mar 10, 2016
Been working with this broker for two years, had minor issues with their platform, but they quickly helped me to tune it finely exactly for my needs. Their support are really trading professionals, know ins and outs of MT4 I managed to decrease my ping from 50 to 25 ms just with their simple advices. Platform has plenty of features itself, so many trading instruments including stock CFD's and ShComp index. Everything is smooth and fast though we need to be very careful, especially when traded with 1:400 1:500 leverage. I'm really satisfied with my choice and I love trading with HF!

Broker Bonuses

$10,000 Welcome Bonus - Join AvaTrade and get a New Clients Bonus up to $10,000

$10 No Deposit Bonus - Open a Live STP account, $10 Bonus is automatically added to your account

100% Deposit Bonus - Receive a 100% Bonus on Deposits (Max Bonus $5,000). Bonus credited after required lots are traded.