Hotforex Review

Hotforex is one of the best forex brokers which has millions of clients from all over the world. Founded in 2010, hotforex has grown into a high-end broker providing more than 100 trading instruments including forex, metals, crypto, CFD and energy. HF Markets has built a reliable reputation in the industry due to a stable, fair, safe and transparent trading environment.

Hotforex has been recognized worldwide in the forex industry, HF Markets Listed as one of the Top 100 Companies by World Finance Magazine and with the award for Business Excellence 2015 (World Confederation of Businesses). Currently,

Hotforex review

HotForex is an STP broker which has no conflict of interest to the trader. All trades have market execution and have variable spreads so they are ideal for both newbie and professional traders. Many of the attractive offers provided by the hotforex broker include free deposits and withdrawals.

# is hotforex brokers have tight spreads ?

Hotforex offers traders a variety of attractive account types for both beginners and professionals. There are 6 types of accounts that traders can use, namely Micro, Premium, ZERO Spreads, Auto, PAMM and HF Copy. Hotforex offers super tight spreads starting from 0.0 pips on ZERO Spreads accounts with low commissions starting from $ 8 per standard lot.

hotforex brokers spreads

# Hotforex Account Types

Hotforex offers 6 account types for their clients, a type of trading account designed for both novice and professional traders who want comfortable and transparent trading conditions.

  • Micro Account
    This account is the smallest account available at hotForex broker. The hotforex micro account is designed for newbie traders who wish to trade smaller volumes. The minimum deposit is 5 USD, and the maximum leverage is 1: 1000. The spreads vary and start from 1 pip on the EUR / USD pair. Traders can trade a wide variety of popular forex currency pairs and metals. No commission is charged.
  • Premium Account
    HotForex Premium Account requires a minimum deposit of 100 USD, this account type is suitable for both experienced trading and new traders. The hotforex premium account offers a maximum leverage of 1: 500 and variable spreads starting from 1 pip on the EUR / USD pair. This account is available on the HotForex MT4, MT5 and Webtrader platforms.
  • ZERO Spreads Account
    Hotforex ZERO Spreads account is suitable for both experienced trading and new traders. This account type offers spreads from 0 pips and a trading commission of $ 8 per standard lot. ZERO Spreads account requires a minimum deposit of 200 USD and offers leverage of 1: 500. This account is available on the HotForex MT4, MT5 and Webtrader platforms.
  • AUTO Account
    Hotforex Auto account is designed for novice traders who wish to use the automation services of the trading process from the MQL5 community. This type of trading account is only available on the MT4 platform. It has a minimum deposit of $ 200 and a leverage of 1: 500 and spreads vary from 1 pips.
  • PAMM ( PREMIUM ) Account
    Hotforex PAMM account have the same trading conditions as the premium account type. Requires a minimum deposit of 100 USD and leverage maximum of 1:500
  • HF Copy Account
    HotForex HFcopy account is specially designed for those who want to offer their strategies for other people to copy as well as traders who want to copy the strategies of more experienced traders. The minimum deposit is 100 USD for followers and 500 USD for strategy providers. The maximum leverage is 1: 400 and the spreads vary from 1 pip.

# Hotforex Account Comparison

ACCOUNT TYPE MICRO PREMIUM ZERO SPREADS AUTO PAMM HFCOPY
Minimum Deposit $5 $100 $200 $200 $250 $100
Maximum Leverage 1:1000 1:500 1:500 1:400 1:200 1:200
Minimum lot size 0.01 0.01 0.01 0.01 0.01 0.01
Size per lot 100.000 Unit 100.000 Unit 100.000 Unit 100.000 Unit 100.000 Unit 100.000 Unit
Increment 0.01 0.01 0.01 0.01 0.01 0.01
Account currency USD, EUR, NGN USD, EUR, NGN USD, EUR, NGN USD, EUR, NGN USD, EUR, NGN USD, EUR, NGN
Commission No No $8 No No No
Spreads From 1.0 Pips From 1.0 Pips From 0.0 Pips From 1.0 Pips From 1.0 Pips
Decimal Price 5 Digits 5 Digits 5 Digits 5 Digits 5 Digits 5 Digits
Execution Market Market Market Market Market Market
Margin call 40% 50% 50% 50% 50% 50%
Stop out 20% 20% 20% 20% 20% 20%
Free swap Yes Yes Yes Yes Yes Yes
Instrument Forex, Metals, CFDs, Crypto, Indices Forex, Metals, CFDs, Crypto, Indices Forex, Metals, CFDs, Crypto, Indices Forex, Metals, CFDs, Crypto, Indices Forex, Metals, CFDs, Crypto, Indices Forex, Metals, CFDs, Crypto, Indices
Trading Platform MT4, MT5, Android, iOS, Web Trader MT4, MT5, Android, iOS, Web Trader MT4, MT5, Android, iOS, Web Trader MT4, MT5, Android, iOS, Web Trader MT4, MT5, Android, iOS, Web Trader MT4, MT5, Android, iOS, Web Trader

# Hotforex Regulation and Safety

Is hotforex scam or legit broker ? find out more information on hotforex broker regulations to ensure that hotforex is a legit broker. HF Markets Group has obtained licenses from the FSA SV ( 22747 IBC 2015 ), FSA Dubai ( No. F004885 ), United Kingdom FCA (801701), FSA Seychelles (No. SD015) and FSCA ( No 46632 ). Hotforex is one of the STP brokers that has good market execution, client orders are immediately thrown into the international forex market without any intervention.

 

# Hotforex Trading Platforms

The hotforex company offers their clients trading via popular platforms such as metatrader 4 and metatrader 5. The MT4 / 5 platform is a downloadable platform for desktop and mobile devices on Android and iOS. Traders can use this platform to conduct trading activities anywhere and anytime, Traders of all levels and from all over the world choose MT4 to trade financial instruments such as forex, metals, crypto and others, Metatrader is a trading platform with its unique and powerful features to get the most out of the trading experience.

 

hotforex trading platform


# Deposit and Withdrawal options at Hotforex

At Hotforex company there are many methods for making deposits and withdrawals that customers can use. Hotforex clients can deposit via Bank Wire, Visa & Mastercard, Neteller, Skrill and Web Money. Most of the deposits with the broker hotforex are settled immediately without any fees on deposits. Meanwhile, client funds withdrawal takes 1 working day. In order to avoid money laundering, withdrawals by clients are advised to use the same method when making deposits. On this withdrawal, the hotforex broker also does not charge for withdrawals.

 

# Customer Support

Hotforex has a support department that operates 24/7 to assist their customers around the world. HotForex customer support is ready to assist you in solving problems with your HotForex account. Hotforex customers can reach them via live chat, email and telephone. The languages available are Indonesian, Malaysian, English, Vietnamese, Spanish, Italian, Mandarin, Russian and many others.

# Advantages of trading with Hotforex

The hotforex broker has many advantages which are liked by traders all over the world, many traders in the world feel comfortable trading on the hotforex platform. What are the advantages of trading at the Hotofrex broker? here’s what you need to know

  • Leverage Up to 1: 1000
    Hotforex provides clients with a leverage of 1:30 to 1: 1000, But only for micro account that provide leverag maximum 1:1000
  • Negative Balance Protection
    Hotforex provides negative balances for clients.
  • Copy Trading
    Hotforex provides copy trading platform , the clients can use HC Copy account for use this fiture.
  • Educational Content
    Hotforex provides a wide range of forex analysis, webinars, forex news and daily market analysis which can be easily accessed on their website.
  • Separate Account
    To increase the security of customer funds, Hotforex also provides separate accounts
  • Deposits and Withdrawals
    Hotforex does not charge fees for deposits and withdrawals
  • No Trading Commission
    There is no trading commission on hotforex trading accounts, only zero spread accounts have a trading commission
  • Tight Spreads
    Hotforex provides tight spreads from 0 spreads on ZERO Spreads accounts.
  • Customer Support
    There is 24/5 hour live assistance and you can reach them by phone, email and live chat
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