HotForex

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BrokerHotForex
CompanyHF Markets Ltd. # 094286/GBL
Year since2010
HeadquartersPort Luis, Republic of Mauritius
RegulationFSC(Mauritius); #C110008214; .CySEC
ModelECN & DMA & STP & MM
US Clientsno
Min Deposit($)5
ECN Account Min Deposit($)500
ECN Commission($)/rtl(Round Turn Lot)>8
Offer Fixed Spreadno
Offer Variable Spreadyes
EURUSD Lowest spreads (pips)0.4 (0 -ECN)
Account CurrencyUSD, EUR, PLN
Max Leverage1000 (400 – ECN;)
Minimal Lot0.01
Deposit MethodBank Wire, Credit Card, -WebMoney, -Skrill, -Neteller, PerfectMoney, -CashU, -Ukash, FasaPay, -PrepaidMasterCard
Withdrawal methodBank Wire, Credit Card, -WebMoney, -Skrill, -Neteller, PerfectMoney, CashU, FasaPay, -PrepaidMasterCard
Scalpingyes
Hedgingyes
All EAs Allowedyes
Currency Pairs47+
Goldyes
Gold Spread(100oz)29
Silveryes
Silver Spread(5000oz)4.5
Oilyes
CFDsyes
Other InstrumentsIndices, Stocks Commodities, Energies
MAM/PAMM AccountsMAM/PAMM
Managed Accountsyes
Swap-free accountsyes
Segregated Accountsyes
Interest on Marginno
Bonuses & Rewardsyes
Trading contestsyes
Trading platformMT4 (ECN), MT4 , Currenex ,FXSTAT
Platform ExecutionMarket execution
Platform Time ZoneWinter: GMT+2, Summer: GMT+3 (DST)
Trailing stopsyes
OCO ordersno
One-click executionyes
Trade with mobilephoneyes
Trade in browseryes
APIyes

Company: HF Markets Ltd. # 094286/GBL

Advantages (Claims made by the broker,from their website)

About Hotforex

HotForex positioned itself as the forex broker of choice for traders worldwide, 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. “Hot Forex” has a Category 1 Global Business License issued by the Financial Services Commission (FSC) of the Republic of Mauritius under the name of HF Markets.

Mission Statement

  • To maintain our position as an industry leader in the online forex markets.
  • To continually add to our product range through innovative financial products.
  • To continually establish new value adding services for our clients.
  • To provide an unparalleled trading environment for all our clients.

Advantages of Trading with HotForex

  • low spreads — starting from 0.2 pips on EUR/USD.
  • Minimum deposit for Micro accounts — only $5.
  • Minimum deposit for Premium Accounts — only $500.
  • Margin leverage from 1:1 up to 1:1000.
  • Free unlimited demo accounts available. It is risk free and cost you nothing.
  • Islamic Account.
  • Currenex Account.
  • Only for HotForex clients! TradeSignals.com services for FREE.
  • Technical research and market news available regularly.
  • Trade through Forex trading software – HotForex MetaTrader 4 Terminal.
  • Web-based access to your MetaTrader 4 account.
  • Trade Forex on the go – Mobile Forex Trading.
  • Experienced and helpful support 24/5.
  • 50% Bonus on every deposit.
  • Trading contests.
  • PAMM accounts.
  • Security of Funds

Security of Funds

All Segregated Client accounts are independently administered by Keystone Group. Keystone Group is a professional, third party fund administrator. They currently oversee over 1 billion USD from offices located around the world. They have an excellent track record in safekeeping and fund administration services. Keystone Fund Services are part of the Turnstone Group of companies.Hotforex have therefore selected them to independently administer our client funds and also act as joint signatories for all funds leaving any clients accounts. In other words, all funds leaving a client’s account have to be approved by them first! Hotforex have absorbed the cost of this service in order to ensure peace of mind for our clients.

The Process: After a client opens a Live Account and funds the account, funds sent to third party liquidity providers are first approved by Keystone. When a client requests a Withdrawal, Keystone will also process the request. HotForex submits all of the KYC (Know Your Client) documents and the trading reports of the client to Keystone Group for clearance and verification. This ensures that when funds are removed from a clients account, they are removed solely for the purpose of sending them back to the client. Bank Accounts The company maintains both operational and client bank accounts with reputable banking institutions such as Barclays and the State Bank of Mauritius.

Trading Products

Forex, Metals and Oil, Indices, Shares, Commodity CFDs

HotForex4.738888888888945

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59 thoughts on “HotForex

  1. Pinki says:
    Country & City  Jeddah
    Experience with this broker  5 months

    Rating

    Whatever i invested is easily recovered with their easy trading platform. Now i am trading with pure profits and i do recommend this broker a reliable option for trading.

    Did you find this review helpful? Yes   No

    Feedback: 4 positive
  2. Naeem Shahzad says:
    Country & City  Pakistan, Kallar Syedan
    Experience with this broker  1 year

    Rating

    Very nice spread on premium account with easy trade executions, bonuses are also offered with reasonable terms and conditions. Trading during London session usually allow me to make good monthly ROI. Recommended broker and worth giving try.

    Did you find this review helpful? Yes   No

    Feedback: 2 positive
  3. Jesse Ching says:

    Rating

    excellent broker, good services, withdrawals always on time, no complaints for me. my last withdrawl of 744 usd was processed very quick. and im happy.

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  4. Nguyen says:

    Rating

    I am trading with hotforex for the last 6 months.
    My account no : 1776** at Hotforex.
    Their spreads, leverage and execution is really upto the mark.
    Their support team is very much co-operative, I liked their response.
    i think new traders must check their demo account for satisfaction.

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  5. Omer Mehmood says:
    Country & City  Pakistan
    Experience with this broker  1 Year

    Rating

    I usually trade during the news release and frankly speaking its the right time that I make good profits out of it. I mostly trade on EURUSD which is a low cost option. The trading experience with hotforex is good and i never got any delays in my withdrawals so i do recommend them safe.

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  6. Tala Simon says:
    Country & City  Bouhol PH
    Experience with this broker  1year 2 months

    Rating

    good platform, stable as far as my trading is concerned, all withdrawals are processed with no problem, the only time i spoke to support was regarding documents which they can be a bit strict and i think that is good. good broker

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  7. CT says:
    Country & City  Vietnam

    Rating

    You should contact their CS, asking here seems is not a wise choice. But I thought this broker has branch in SA after getting the FSB license.

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  8. Palesa says:

    Do you have offices in South Africa?

    Did you find this review helpful? Yes   No

  9. Ally Dizon says:

    a very good responsive broker, excellent service provided, and keeps up to date with upgrades updates and regulations. easy to deal with broker and very pleasing results. well done

    Did you find this review helpful? Yes   No

  10. Nguyen T says:
    Country & City  Vietnam, Hanoi
    Experience with this broker  Good

    Rating

    I opened account with HotForex after noticing several news about this broker at local forums and websites. I made a test withdrawal a few months ago by Wire transfer without any problem, the money was in my bank account 3 days later. It’s as they stated on website for bank wire process time.

    Did you find this review helpful? Yes   No

  11. Rizwan Pervaiz says:
    Country & City  Rawalpindi, Pakistan
    Experience with this broker  Good

    Rating

    I started with hotforex with a small amount to test them out before moving my fund, I can simply say its easy dealing with this broker and the services are good. I have nothing to complaint about.

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  12. khaizer Sandamak says:
    Country & City  Tarlac
    Experience with this broker  8mos

    Rating

    very good broker, easy to deal with, fast execution, good spread for scaling in premium account, i suggest lower leverage for good risk management. good work hotforex

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  13. Marry says:
    Country & City  Spain
    Experience with this broker  1 year

    Rating

    One year of trading experience have proven it’s a reliable broker, when I start to trade, always get help from hotforex support people, it’s a good broker.

    Did you find this review helpful? Yes   No

  14. Chirese says:
    Country & City  Japan
    Experience with this broker  9 months

    Rating

    I knew this broker from my friends, and then tried demo account for 3 months, now have turned into fixed spread account for 6 months, seems everything well until now, spread are acceptable, questions can be responsed quickly.

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  15. Jiang says:
    Country & City  China
    Experience with this broker  1 year

    Rating

    Reliable broker, have trading with this broker one more year, start from $100 to now, recently they update to MT4 terminal, that’s really convenient for trading.

    Did you find this review helpful? Yes   No

    Feedback: 2 positive
  16. Jake Sinag says:
    Country & City  Cebu
    Experience with this broker  2 years

    Rating

    a very competitive aspect of this broker are spreads, which makes scalping easy, very good reaction time from the platform on both PC and Mobile. makes trading easy. a highly recommended broker in my opinion. well done

    Did you find this review helpful? Yes   No

  17. Ethan says:
    Country & City  Spain, Barcelona
    Experience with this broker  9 months

    Rating

    Good STP broker, works as pure mediator as I don’t notice any signs of market making. Decent company to work with.
    Thanks,
    Ethan

    Did you find this review helpful? Yes   No

    Feedback: 1 negative
  18. Henry says:
    Country & City  Vietnam

    Rating

    I have already personally withdrawn more than $2000 from this broker. It’s a reliable broker. It took just only 3-4 business days to have my funds in my local bank account! The support is also friendly and you can get in touch with them a minute via live chat.

    Did you find this review helpful? Yes   No

    Feedback: 1 negative
  19. Daniel Chu says:
    Country & City  Philippinse
    Experience with this broker  20 months

    Rating

    pretty much straight forward, the process is easy and acceptable, they can be pretty strict with documents. Withdrawal wise is fast, easy, no fees and reliable, a couple of withdrwals with no problem at all. good number of pairs to trade from, though i stick mostly to majors and JPY pairs on the asian market. over all a good broker.

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  20. Hudson says:

    Rating

    Recommend by friends, it basically meets my expectation about brokers, such as spread, withdrawal speed and customer service. Reliable partner!

    Did you find this review helpful? Yes   No

  21. Anonymous says:

    Rating

    Superb trading services, highly contented with zero spreads on EUR/USD on 0 spread account, trading with raw spreads works like a charm for me. They offer EU and US stocks and indices as CFD what makes no need in creating account with US broker to get access to US instruments. Execution are always stays within 0.5 second, sometimes I get slippage on news but its tolerable. Haven’t made any withdrawals so far, will try when make my first profit (if it will happen of course). Satisfied so far.

    Did you find this review helpful? Yes   No

  22. Bora says:

    Rating

    This broker have excellent spread compare with other brokes, especially the majors, but gold spread is only acceptable. Multiple account types and different trading conditions and 24 hours for withdrawal processing are my favourite. Recommend!

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  23. Malise Ndivhuwo says:

    Hi! I am a South African citizen who is interested in forex trading market. I believe your one of the best recognized broker in the world and that’s the reason I am sending this comment. I would like to know if you do have offices in South Africa.

    Did you find this review helpful? Yes   No

    • Miguel says:

      the best way to be sure if they do have any acecss in SA is to directly contact support through email or live chat. that should solve the problem, the broker in general is good, been around for 5 years and thats longer than most. and best of luck

      Did you find this review helpful? Yes   No

      Feedback: 1 positive
  24. Hunter McCormick says:

    Rating

    Hotforex is a real scam broker.
    Never trust hotforex………….
    From my account history they have deleted $400 without any reason. When i email them ..they are ignoring it saying technical issue.

    Did you find this review helpful? Yes   No

    Feedback: 1 negative
  25. John Lumena says:

    Rating

    I am pleased with the services offered, good execution with slight slippage which is bearable, withdrawal take aprox 24 hours.. only made one withdrawal so far and will update if anything new comes up

    Did you find this review helpful? Yes   No

    Feedback: 2 positive
  26. Jaffar Salil says:

    Tolerable slippage, sometimes spreads widen (especially in volatility times or news releases) but in overall this broker is much better than I experienced before. Support is very fast and responsive what I really like. They also offer US stocks as CFD’s and I have to confess they’re much efficient that exchange traded contracts. I made only two withdrawals and they were processed in 24 hours.
    Not best broker but its manageable to make profit there.

    Did you find this review helpful? Yes   No

    Feedback: 1 positive, 1 negative
  27. Phemie says:

    Rating

    I’ve been with a couple of Brokers . HotForex is certainly one of the better ones I’ve used!

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  28. Buhanto says:

    Spreads on gold are best in the industry. Sometimes get slippage but it’s insignificant comparing with other brokers. Support is courteous and quite professional deals with all my inquiries within 4-5 hours. Love this broker and going to trade with them more.

    Did you find this review helpful? Yes   No

  29. RobertFX says:

    Rating

    I have been Trading with hotforex from about 1 and half years and I am very thankful that my friend recommended this broker to me. low spreads, fast withdrawal and helpful customer support. Definitely recommend to everyone.

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  30. Jay Min says:

    Rating

    pretty straight forward, good services and I do like the execution stability (I wont say the best) but so far it works for me. no issues with withdrawals, decent options. nothing to complain about I give them an 8/10 just because its been less than a year with this broker.

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  31. Amanda Le says:

    Rating

    My trading experiences with this broker overall is good. Deposited 1000$ last Sep and traded on their premium account, the trades executions were so fast. But I recommend you to use pending order to trade. The withdrawal requests are always processed in 24 hours.

    Did you find this review helpful? Yes   No

  32. Mina Dilaja says:

    Rating

    I had a good experience with them for the past 5 months, hotforex is one of two brokers i trade with, the other one is local, I still see a slight advantage for hotforex in terms of service and execution, though wothdrawal with metstrade is more convenient for localization of bank transfer. over all Im pleased with their services and would recommend hotforex.

    Did you find this review helpful? Yes   No

  33. aurelio says:

    Rating

    If you find some reliable and fair broker that allows to earn then you should definitely choose Hotforex. Though I am USA citizen and Hotforex doesn’t offer their services there I managed to find a loophole how to get round this restriction. I have relatives in Espania so I fixed my account after them to relieve the constraint. But still don’t even try a real acc before working on demo. It is a prerequisite of success in our complicated cause..
    Green pips to all of you!

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  34. Mihir says:

    Just one more step and I will be on Premium account with HF. Yup, deposit increases and it simply need more space, lol. I think it would be best if I will have VIP account but I want it to be happening later on. I would say that Hotforex is just giving their best trading experience to traders. They helps a lot at the time of trading, I really like their services.

    Did you find this review helpful? Yes   No

  35. Alex Tien says:

    Rating

    good broker, very steady, decent speed and spreads. I like what i see so far, will stick with them, im planning on adding funder by september and will update after a while.

    alex

    Did you find this review helpful? Yes   No

  36. Brad says:

    I tried a fair number of brokers in the past year or so,every one claims to be a true STP broker until you actually try them out, I ended up opening and account with hotforex and so far the services provided by them are looking good, I have been trading with them for almost half a year and I have nothing to complain about.

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  37. Algat says:

    Hotforex is definitely good and trustful broker. Made 5 withdrawals no problems so far. Acceptable spreads, execution is fast and accurate. Live account has minimium differences with demo in terms of performance. I’m really happy with this broker and will definitely continue to work with him.

    Did you find this review helpful? Yes   No

  38. Lim Hwo Wang says:

    Rating

    I just opened a demo account to test my EA, this broker looks good, especially you can trade multi-accounts on a platform and support various type of account and currencies. The payment are automatically progressed and fast. I’ll keep using this and give more information.

    Did you find this review helpful? Yes   No

  39. Saldo Jun says:

    Rating

    I joined this broker 2 months ago through a local IB, I started small with a micro account to check them, and after 2 weeks and good results i decided to deposit more, I thought things will be different but the results are still good for my personal trading, I do basic S&R and follow trends on eurusd, trading the 1H and 4H time frames, I only made one withdrawal and it was completed in 2 days which is good. I think this is a good broker. I give them 5 stars

    Did you find this review helpful? Yes   No

  40. Adamo says:

    Rating

    I have been trading with this broker for over 9 months and it’s very good. Especially in the platform, I can see fast execution without delay. Their fast payment make me feel happy to trade with this broker. 5 stars.

    Did you find this review helpful? Yes   No

  41. Jean Salud says:

    Rating

    I have been earning with this broker for the past 6 months, I almost got back my investment which is a good sign, the services are acceptable, even scalping is allowed with hotforex unlike the previous broker i was trading with, so far i am satisfied.

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  42. Luv says:

    Rating

    Hotforex might be registered in Mauritius for tax reasons, but hotforex has segregated accounts all in an UK Bank(Barclays). The world is flat. and there are so many big names register their own companies in these islands for financial purpose. So I think it’s safe to use hotforex. But when my account size grow over 50000$,I will definitely change a broker ,dukascopy for example

    Did you find this review helpful? Yes   No

  43. David L. says:

    Rating

    this is a really good broker, they were a bit strict with the documents that i submitted which is really a good sign but after i cleared that out everything went smoothly, scalping is a good option with this broker, execution is very acceptable and withdrawals/deposits are easy and safe.

    Did you find this review helpful? Yes   No

    Feedback: 2 positive
  44. benjamin says:

    Rating

    Hotforex is just fantastic only few disconnections last year for system upgrade purposes, their platform is very stable and spreads very tight.

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  45. Ren Hiroto says:

    Rating

    I cant say anything bad about hotforex. They offer the great MT4 platform, it works without any failures. My main problem with other brokers was execution, with hotforex I’ve got the fastest execution and I’m really happy about that. All in all I like the results I get with this broker. every week they send a message to my email saying they have a new contest or they have developed a new service, I am really delighted to be with them actually they have launched the zulutrade accounts some hours ago and that a big step I think !

    Did you find this review helpful? Yes   No

  46. Iron says:

    I have no problems with hf, their accounts are segregated with barcleys uk , they are regulated in Mauritius, somewhere in south Africa

    Did you find this review helpful? Yes   No

  47. Hamid says:

    Rating

    I am newbie for few months now. I like hotforex because they allow 0.01 lots size with low spread ( Currenex).
    I tried couple broker which allow 0.01 lots size but their commision and spread are very bad.

    Did you find this review helpful? Yes   No

  48. Martin says:

    I have been testing it with my live account with an initial deposit of 150usd. I noticed Spread is from 2.5 to 3.5 pips on deposit less than 500usd. I wish to fund my account with 500 or 1000$ which attracts one of the lowest spread online. I have not had any bad experience with this broker yet. Good customer care, nice deposit/withdrawal options… For me I think they are one of the best for now.

    Did you find this review helpful? Yes   No

  49. Lamine Saadaoui says:

    Rating

    they are great, they have got too many contests and competitions recently I have been trying their demo contest even I have a live account, I could really see that offer a good opportunities to every one since they create ways for traders and newbies to earn money and also they bring more clients so their strategy is profits and benefits for every one, and I think that this is brilliant !

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  50. ling says:

    It’s stable, which is important for scalpers. They also had servers in China

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  51. Good says:

    Rating

    About withdraw, I never waited more than 24 hours sometimes its done on the same business day when send the request earlier in the morning, I have got no issues with them

    all is good. If they served US clients I would still be there.

    Did you find this review helpful? Yes   No

  52. fxnp says:

    Rating

    Very sad HotForex don’t accept us clients now

    I finally figured out how to trade successfully with small accounts and huge leverage. HF was a fantastic broker for my kind of high frequency day trading.

    I used the HF platform leverage and bonus and traded $100(not typo) and traded it to over $20K in 3 weeks.

    “CFTC does not allow us to offer our services on a cross-border basis to U.S. clients. Therefore, it is with great regret to inform you that HotForex will no longer be offering its services to new or existing U.S. clients.” I got this today from hotforex.

    Desperately looking for a similar broker for US clients.

    Did you find this review helpful? Yes   No

  53. fazli says:

    I’ve tested , their live account is as good as demo

    Did you find this review helpful? Yes   No

  54. Iqbal says:

    Rating

    Tight spreads good customer service and when you deposit or withdraw money its easy and fast

    Did you find this review helpful? Yes   No

  55. zhanghong says:

    Rating

    I’m using it, on the whole there is no big issues with this broker, and I am very satisfied with their customer service.

    Did you find this review helpful? Yes   No

  56. Harfan says:

    it’s working great for me. there are lots of chinese traders at hotforex

    Did you find this review helpful? Yes   No

    Feedback: 1 positive
  57. dk says:

    Rating

    hotforex they are very good with small accounts

    I am not a pro for my type of trading hot forex does the job it is true some times the server is slow but at the same times with there currenex the spreads are great

    Did you find this review helpful? Yes   No

  58. Willain says:

    Rating

    I have made forex trading for 3 years, and tried some brokers before, but always some probelms. Last year I learnt hotforex, and firstly started from micro acount and then premium account, I feel it’s better than others and my question can be sloved quickly. By comparison, I think it’s a reliable one.

    Did you find this review helpful? Yes   No

    Feedback: 2 positive, 2 negative