Hotforex.com Review Is HotForex A Scam Or Legit Broker

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Contents

HotForex Review

Regulated by: CySEC

Headquarters: Cyprus

Ranking: 5

Spread: 1.0 pips (EURUSD)

Leverage: 1000:1

Minimum Deposit: $100

HotForex Review & Author’s Comment

Established in 2020 and headquartered in Cyprus, HotForex is an award winning forex broker that offers a wide range of account types and trading instruments. The broker is pursuing a policy of providing the most convenient and advantageous trading conditions for the traders. They don’t discriminate between traders which means that scalpers, swing traders, day traders and expert advisors are all welcomed.

In terms of account types, HotForex offers six options; cent account, micro account, VIP account, zero spread account, fixed account and auto account where spread could go as low as zero at the expense of $4 per lot for EURUSD. This is one of rare forex brokers that let its clients to trade bonds on MetaTrader platform. Needless to say, forex pairs, commodities including agricultural, company shares, global indices and cryptocurrencies are also offered with leverage up to 1000:1.

HotForex is a forex company that offers all the advantages and services for both experienced and newbie forex traders in one place; bonuses, low spreads, extensive educational material, reliable regulation. Therefore I would recommend HotForex for traders with any trading strategy and experience without hesitation.

Is HotForex Reliable?

HotForex is actually a brand that is constituted of different companies. These companies operate in different areas and are regulated by different regulatory agencies. From a CIF firm operating in European Union under the regulation of CySEC to offshore units in Mauritius as well as St Vincent and Grenadines, the brand operates in different parts of the world. As a matter of fact, it is also licensed by the FSB, South African financial regulatory agency.

If you are wondering about the reliability of HotForex then you must not worry a bit. The deposit that every client makes is protected by the best insurance scheme as per the regulations of the regulatory body. HotForex also tries to keep their clients protected with the help of a civil liability insurance program under which HotForex offers coverage of €5,000,000. With the help of this scheme, you will be able to get protection against errors, omissions, negligence, fraud and other things that can bring about great financial losses. Plus, you will never have to worry about paying anything extra for this coverage.

HotForex also provides their clients complete protection against a negative balance. Thus, even if the stop outs stop functioning and margins drop fast, you will not have to worry about paying the negative balance. Plus, HotForex also ensures maximum security for your funds with the help of leading banks and by keeping the client funds separate. As a result, even if HotForex faces any problem, your funds will not be affected.

HotForex Account Types

HotForex offers a wide variety of trading accounts much more than many other broker. And each of these account types come with highly competitive as well as distinct trading conditions which completely satiates the needs of every trader.

You can easily open a micro account with HotForex as it only requires you to pay $5 to open an account. The best thing about the micro account is that it has leverage on the scale of 1:1000 ratios with a maximum simultaneous order of 150. Micro account is equivalent to Cent account offered by FXTM and Micro account offered by XM where you can open orders with contract size as low as 10.

You can also open a premium account with the HotForex at the expense of $500. With this account type, you will gain leverage of 1:500 with standing orders amounting to 300. There is also the Zero account which requires you to spend only $100. With this account type, you will get leverage of 1:200 with unlimited orders. On the other hand, the fixed account offers leverage of 1:400 with 300 orders.

If you are an experienced retail trader then you can go for the Currenex account for $500. It is also equipped with Meta Trader 4 Platform for much more efficient trade.

With VIP accounts, you will get a personal account manager along with a leverage of 1:300 with a funding of $20,000.

The account types that HotForex does not end with the VIP account. There are three more that this broker offers.

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HotForex also offers you with the Auto Account. With this account type, you will be able to receive signals from MQL5 community which has been integrated within the MT4 terminal of HotForex. You will be able to copy the signals immediately including the paid signals with the help of the Meta Trader 4 platform. There is also the social account which helps you to connect with other traders, discuss strategies and copy from the most powerful trading portfolios to expand your earnings. All you need is just $100, to open this account.

The PAMM account that HotForex offers is perfect for all the traders working along with fund managers. It offers a Multi Account Manager or MAM software along with the MT4 platform for a great trading environment. All you will need to pay is $500 for the PAMM account and you will get leverage of 1:300.

HotForex Customer Support

HotForex offers its clients with around the clock customer support. From contact forms to live chats, email and phone calls, you will be able to reach out to the customer support of HotForex without any hassle whenever and wherever you want.

HotForex Trading Platforms:

The broker makes use of the Meta Trader 4 trading platform supplied by MetaQuotes. MT4 platforms have really set a standard in the industry since most of the traders across the globe prefer it over other platforms. As a matter of fact, the CFD, as well as Forex traders, are also in favour of MT4 platform greatly since it provides them with different types of tools and expert advisors. Plus this platform is also equipped with the latest charting package and a wide array of technical indicators.

There is also HotForex Rapid Trader API that you can use to trade. It has direct market access and offers automated trade.

HotForex Deposit and Withdrawal

You can deposit money in HotForex using credit or debit cards and bank wire transfers. Apart from that HotForex also accepts Skrill, Neteller, FasaPay, Sofort, mybitwallet, iDeal and Webmoney. During withdrawal, you need to submit proper identification proof for getting your withdrawal request accepted.

HotForex Spreads

HotForex generally offers a tight spread to their clients. But they also make sure that scalpers and automated traders get a fixed spread account for maximum profitability.

HotForex Bonus and Promotions

  • 30% bonus is called rescue bonus and traders will receive it on every deposit over $50.
  • 100% Credit Bonus Program which is intended to increase the trading volume. Traders must trade 1 lot per $2 bonus received to complete the terms.
  • 100% SuperCharged Bonus which offers 100% bonus on each deposit over 250 USD to the bonus account together with the rebates in value of 0.2 pip value for Forex and 2 USD per Gold.

HotForex Final Word

HotForex is undoubtedly one of the leading brands in the online trading market. Most importantly, it has been able to witness a surge in its popularity over the past few years due to the incredible service that this brand offers. When you are trading with HotForex, you can remain completely assured about getting all your demands fulfilled regardless of whether you are a beginner or a professional trader.

Hotforex – Step by Step Live Account Opening Guide

Opening a live trading account at HotForex is very straightforward and swift. Very first thing to do is to navigate to the homepage and click to the Open Live Account button. This button shall take you to the registration form.

All Customer Reviews & Comments about HotForex Forex broker

Advantages: Good trading platform

Disadvantages: Withdrawal problem

Comment: In my 3 years of trading with HotForex, I rarely encounter any problem with the actual trading. Their execution is fast, and their trading platform (MT4) is very nice. But recently I had a nightmare withdrawing $500 from my account. My withdrawal request never got through. The system said it’s being processed but it ended up going to my account over and over again. I’m still in contact with their support but they give me contradicting messages every day. Kinda feeling hopeless now I might search for another broker to trade with.

Advantages: Fast payment and massive assets, multiple payment methods

Disadvantages: Complicated to start for new trader (as me)

Comment: I just came to this broker for 6 months and I didn’t have a good start with several exploded live account because of plenty of services offered by this broker. After learning trading course, I figured out the most suitable account type and trading strategy. I just withdrew 3 days ago and I truly I can make steady profit and it;s reason I wrote this reviews. This broker is decent and genuine!

HotForex Broker Review

Founded in 2020, HotForex is an online forex and CFD global broker. Over the years, HotForex has grown into one of the leading online forex brokers in the world. The key to their success is their focus of being “Customer Centric”. While it is easy for a broker to promise to deliver quality services to their clients, not many brokers are actually able to do as they have professed. However, this is not the case with HotForex. The broker has to date been able to offer exactly what their clients need. The services and products are all tailored to the specific needs of its clients hence enabling HotForex to earn a name for itself as a trustworthy and reliable broker.

HotForex Regulations

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 2020.
  • 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.

HotForex Reliability

In terms of HotForex’s reliability, HotForex clients’ deposits are protected under the requirements of its regulators under a Market Leading Insurance program. The Company has made efforts to safeguard its liabilities 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, comissions, negligence, fraud and various other risks that may lead to financial loss. There is no additional cost to our clients for this cover.

HotForex’s policy of negative balance protection means that even under highly volatile conditions when margin calls and stopouts do not function correctly, no client is responsible for paying back a negative balance. They offer industry-leading security of funds, accomplished through only using major global banks and keeping funds segregated to ensure that clien funds are not affected should HotForex itself have any problems.

HotForex Trading Platforms

For its trading platform, HotForex uses the MetaTrader 4 (MT4) trading platform supplied by MetaQuotes Software. In fact, many have considered the MT4 platform to be the industry standard trading platform due to its high adoption rate by brokers from all over the world. Forex and CFDs traders are also partial to the MT4 platform as it offers a wide selection of tools and features which are designed to enhance the traders’ trading ability. For example, the MT4 supports multiple market order types and automated trading through the use of Expert Advisors. It also comes integrated with a comprehensive charting package and a large library of technical indicators. Currently, the MT4 platform is available in several versions such as:

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

Apart from the MT4 platform, HotForex has also provided its traders with the HotForex RapidTrader API. The platform is powered by Integral and offers traders direct market access as well as automated trading capability outside the MT4 trading environment.

HotForex Mobile Trading

In addition to desktop trading, HotForex also supports mobile trading over a wide range of mobile devices with the MT4 platform. iOS, Android, and Windows-powered devices can also download and install onto their mobile devices. The mobile trading apps for Android and iOS powered devices can be downloaded from Google Play Store and Apple’s App Store respectively. As for Windows-powered devices, the installer can be downloaded directly from HotForex’s website.

HotForex Trade Types/Instruments

As for the trade types that are available at HotForex, traders can trade the spot markets, futures market and Contract for Difference (CFDs). The types of assets covered by HotForex include currency pairs, precious metals, crude oil, Indices, equities, cryptocurrencies and commodity CFD’s.

HotForex Account Types

To cater to all its clients trading needs, HotForex has provided different types of trading accounts for them to choose from. These 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

*For clients of HF Markets (Europe) Ltd, the minimum deposit is set at $50.
Leverage is set to a maximum of 1:500 and always depends on the
appropriateness status of the client.

**Only available for Clients of HF Markets (SV) Ltd.

A demo account is also provided to potential traders who want try out HotForex services before they commit to opening a live trading account. As for traders who wish to trade according to Islamic principles, a swap free or Islamic account is available upon request.

HotForex Commissions & Spreads

With its well-established relationship with the major liquidity providers in the markets, HotForex is able to offer its traders extremely competitive spreads on the trades made on its trading platforms. The table below shows some of the typical spreads that they can expect on the frequently traded assets such as currency pairs, market indices, crude oil and precious metals.

Instrument Spreads (in pips)
EUR/USD 1.2
EUR/CHF 1.9
EUR/GBP 1.8
EUR/JPY 1.7
USD/JPY 1.7
BRENT CRUDE 5
SILVER (USD) 4.5
GOLD (USD) 29
UK100 1
USA500 0.5

For stocks CFDs, there is a 10% commission charge.

HotForex Deposits & Withdrawals Options

HotForex understands that all transactions across the internet must be conducted in a secured and effective manner. As such, the broker has provided its traders with a variety of payment solutions. Supported methods include credit/debit cards such as VISA, MasterCard and Maestro, Bank Wire Transfer and eWallets such as Neteller, Skrill, fasapay, WebMoney, UnionPay and BitPay.

For greater conveniences, HotForex also offers its own branded prepaid MasterCard. With the HotForex MasterCard, traders now have a more efficient method of getting access to their trading funds.

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.

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, HotForex 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 HotForex 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!
  • Competitive spreads
  • Security of funds
  • Low Minimum deposit requirement
  • Multiple choices of trading accounts
  • Wide selection of trading platforms

HotForex Q&A

  • Is HotForex regulated?

Yes, HotForex is a regulated forex broker. HF Markets (Europe) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC), HF Markets SA (PTY) Ltd is an Authorised Financial Service Provider from the Financial Services Board in South Africa, and HF Markets (SV) Ltd incorporated in St. Vincent & the Grenadine as an International Broker Company.

  • Where is HotForex based?

The HF Markets Group is based in Mauritius.

  • How does HotForex make money?

HotForex makes its money by charging its traders a small spread and commission on the trades that they made on HotForex’s trading platforms.

  • How to deposit in HotForex account?

Funds can be deposited into a HotForex account through major credit/debit cards, eWallets and bank wire transfer.

  • How to withdraw money from HotForex?

Withdrawals at HotForex can be initiated through a credit/debit card, supported eWallets and bank wire transfer.

  • How to open an account with HotForex?

To open an account at HotForex, simply fill up the registration form and submit it with all the relevant documents proving your identity.

Yes, HotForex is a reliable broker. The brokerage firm has been operational since 2020.

  • Does HotForex use MetaTrader?

Yes. HotForex has provided its traders with several versions of the MetaTrader 4 platform.

  • What is HotForex’s leverage?

The maximum leverage at HotForex is 1:1000. For clients of HF Markets
(Europe) Ltd, leverage is set to a maximum of 1:500 and always depends on
the appropriateness status of the client.

No, HotForex is not a scam. The broker is a legitimate company under the jurisdiction of three regulatory bodies.

HotForex is a safe broker as they operate in accordance with international best practices. All their transactions are secured with the latest encryption technology.

Conclusion

Over the past years, the HotForex brand has become one of the leading brands among traders in the online trading community. By offering their traders with such a wide range of products, they have managed to earn a strong reputation as a dependable broker. Regardless of whether you are a beginner trader or an experienced trader, HotForex is certain to be able to meet all your trading requirements.

  • Certain products, services or promotions mentioned herein may or may not be available to all clients depending on which HF Markets Group entity their trading account(s) adheres to.

HotForexOverview

Company Information

Broker Details Info
Regulated by CySEC, FSB, FSC, MiFID
Headquarters Country Cyprus
Foundation Year 2020
Publicly Traded No
Number Of Employees 150

Deposit Options

Credit Card, FasaPay, Neteller, Skrill, Union Pay, Webmoney, Wire Transfer

Withdrawal Options

Credit Card, FasaPay, Neteller, Skrill, Union Pay, Webmoney, Wire Transfer

Contact Information

Trading Account Options

Account Type Info
Min. Deposit $5
Max. Leverage 1:1000
Mini Account Yes
Demo Account Yes
Premium Account Yes
Islamic Account Yes

HotForex Trading Features

Suitable For

Trader Level Yes/No
Beginners Yes
Professionals Yes
Scalping Yes
Day Trading Yes
Weekly Trading Yes
Swing Trading Yes
Social Trading No

Customer Service

Time Yes/No
24 Hours Support Yes
Support During Weekends No

Customer Support Languages

Arabic, Bulgarian, Chinese, Czech, English, Farsi, French, German, Greek, Hindi, Hungarian, Italian, Japanese, Latvian, Portuguese, Romanian, Russian, Slovak, Spanish, Urdu

Trading Services

Service Info
Supported Trading Platforms MT4
Commission On Trades Yes
Fixed Spreads Yes
Educational Service Yes
Signal Yes
Email Alerts Yes
Trailing SP/TP Yes
Automated Trading Yes
API Trading Yes
Has VPS Services Yes

Supported Instruments

Instrument Type Yes/No
Currencies Yes
Commodities Yes
CFDs Yes
Indices Yes
ETFs No
Stocks Yes
Bonds No

HotForexPromotions

Promotion info Official Site
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HotForex

HotForex is a STP broker, which was founded in 2020. The broker is regulated in the European Union by the Cyprus Securities and Exchange Commission (CySEC) and registered in Saint Vincent and the Grenadines by the Financial Services Authority (FSA). HotForex offers a large selection of trading accounts, clients can choose between many types of live accounts, which are: Micro, Premium, Zero, Fixed, VIP, Auto, PAMM and Islamic. Forex trading can be started on Micro account with as low deposit as $5 . The broker provides Fixed accounts with fixed spreads, which are suitable for beginners and Zero accounts with raw spreads without markup. HotForex offers a number of promotions including demo and live competitions with attractive prizes and high deposit bonuses.

HotForex Broker – Safety of Funds

    HF Markets (SV) Ltd is registered and authorised in St. Vincent & the Grenadines by the Financial Services Authority (FSA) HF Markets (Europe) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) broker funds are segregated from clients funds HotForex ensures negative balance protection

Basic info­rma­tion about HotForex

Web­site www.­hotfo­rex.­com, www.hfeu.com Foun­ded 2020 Coun­try St. Vincent and the Grenadines
Cyprus Re­gula­tions CySEC (Cyprus)
Registrations: FSA (St. Vincent and the Grenadines) Scalp­ing yes He­dg­ing yes Depo­sit and
with­drawal meth­ods Bank Wire Transfer, Credit Card, Skrill, Neteller, iDeal, Sofort, Przelewy24, TrustPay Web­site lang­ua­ges English, Arabic, Bengali, Bulgarian, Chinese, Chinese (Taiwan), Czech, Filipino, French, German, Greek, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Thai, Vietnamese No services USA, Canada, Belgium, Sudan, Syria, North Korea Isla­mic acco­unt yes Demo acco­unt yes (30 days) Name Mi­cro Pre­mi­um Ze­ro Au­to Mini­mum
depo­sit $5 $100 $200 $200 Maxi­mum
leve­rage 1:­1000 1:­500 1:­500 1:­500 Mini­mum
posi­tion 0.01 lot 0.01 lot 0.01 lot 0.01 lot Acco­unt
curren­cies USD, EUR USD, EUR USD, EUR USD, EUR Plat­forms MT4, MT5 MT4, MT5 MT4 MT4 Spre­ad flo­at­ing flo­at­ing flo­at­ing flo­at­ing EUR­/USD 1.2 1.2 0.1 1.2 USD­/JPY 1.7 1.7 0.2 1.7 GBP­/USD 1.8 1.8 0.4 1.8 Com­mis­sion – – maj­ors: 3$/lot
per side
oth­ers: 4$/lot
per side –

HotForex – types of live accounts

Account Name Mini­mal depo­sit Info­rma­tion Charges Micro $5 Account with a low starting deposit for begi­nners and less expe­rien­ced clients. spreads: from 1
commission: – Pre­mium $100 Account for more adva­nced traders with trading condi­tions similar to Micro accounts. spreads: from 1
commission: – Zero $200 The idea of the account is to provide spreads as low as possible – typical spread on EUR/USD is 0.1 pips. spreads: from 0.0
commission: $3-$4/lot ($6-$8 round-turn) VIP $20 000 VIP account has attra­ctive trading condi­tions, and offers Personal Account Manager, One-to-One Con­sulta­tions and more extras. spreads: from 0.0
commission: $3/lot ($6 round-turn) Auto $500 Account which allows investors to automa­tic­ally copy trading signals. spreads: from 1
commission: – PAMM $250 PAMM account allows investors to invest funds in experienced fund managers. spreads: HF­copy $500 / $100 Account available to strategy providers (from $500) and followers (from $100). spreads: from 1
commission: – Isla­mic

Islamic account is the account without SWAPs. Micro, Premium, Auto, Zero and VIP accounts are available as Islamic. spreads:

Trad­ing in­stru­ments (CFDs)

Curre­ncy pairs 50+ Pre­cious metals Sto­cks 50+ Ener­gies Indi­ces 20+ So­ft com­mo­di­ties Bon­ds 3 Cry­pto­curren­cies 5+

Promo­tions

100% SuperCharged Bonus more
100% Credit Bonus more
30% Rescue Bonus more
Traders Awards 2020 Live Contest more
Virtual to Real Demo Contest more
Loyalty Program more
HotForex Merchandise more

Broker Website List of Forex Brokers

Please rate and add your opinion about HotForex.

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47 COMMENTS

great broker and well known for many years, a very stable platform with quick execution, easy withdrawals with in 24 hours.

pros: good support, transparent, spreads are manageable, good account options and payment options, cons: I cant say they have any, based on 2 years of live trading its easy to settle in, most transactions are really smooth with this broker. easy recommendation

This is a very good broker with fast withdrawals and fast response from mt4 trading platform. Good spreads and support is active 24/5. It is highly recommended broker.

I knew this broker many years ago but I have traded with thos broker from 2020 when I want to trade Forex and earn money as I am doing freelancer. This broker is reliable with multi-award and I know many traders trading with this broker. I did try and withdrew a few times to my Skrill account. I highly recommend this broker for new trader.

This broker is easy to deal with, straight forward with the right amount of security, they do tend to be strict with documentation, and on a positive note, support is pretty active anyway. Total trading time is 14 months and so far im pleased with the services offered, personally i do not use bonuses, and try to avoid them, from a personal point of view they tend to confuse, but i think some traders find a good use for them. my largest withdrawal at one time was aprox 3k usd and it was processed with easy and no hickups, my premium account is small and decent enough for my trading. over all im pleased with hotforex and can give them an easy recommendation.

According to my little (5 months) experience with this broker i have not found any glitches with the payment processing and order execution. Almost everything works on time and never make mess for me. I usually had some bad days in month but i guess these are all my faults so i take some time revising my strategies which requires reviewing of the mistakes and improving from them. The platform offered by this broker is userfreindly and easy to navigate. Spread are also good with acceptable ratio.

I want to trade with this broker, is there any struggle or requirement I should notice to trade here?

You can read other comments and also google for many reviews regarding this broker. This is a veteran broker and I don’t think you get any struggle for getting started with it.

easily one of the best broker currently operating the forex industry, the competition could be fierce but hotforex continues to excel. well done

I opened account with this broker which was very easy. I did get it verified later by submitting copies of my bank account plus passport. Leverage/SPread/Commission etc all are realistic. Deposits are instant though they took two days to send me my profits after withdrawal. So at least i have no issues with them so far which is good that i have at least found a good broker.

very good. easily a legit broker. they do payout with no delay no hassle, just be sure to get verified and all documents are presented. they can be a bit strict and thats really normal. well done.

I am trading EURUSD with this broker for the last few months since i had invested few bucks with this company and they are excelently grown up. I make withdraws when i need cash and they send the payments within a day or so. Trading is easy but it take some time to start earning money so i suggest to trade on demo account first before deposit any money. They have good services indeed. I do recommend them.

I made a profit withdrawal before holiday, today the broker just processed it. I will keep trading with this broker, recommend for fast payment broker.

Hoping that everyone enjoyed holidays so you enjoyed a lot because of your withdrawal, lol :). How long are you trading with this broker and which account?

the broker is excellent, no strange situations as far as i can remember, been trading a mid sized live account for close to 3 years now, withdrawals are spot on and the largest made is around 2000usd processed with ease.

I just received my withdrawal of 1200 usd in skrill which i initiated on 18 December. Trading is easier though it required me more than six or seven months to be able to make profits. The mt4 desktop is easier than the mobile version which is bit harder i guess. I am happy to have funds in my wallet. Now i will not trade till holidays are offer. The overall impression for the whole trading time with them is good so far.

I noticed this broker has a good bunch of bonuses in offering however did anyone availed any of them as yet! I am trading with this broker for some time now. All is good however i usually avoid bonuses because i had heard that most of the times bonuses comes up with many terms and conditions.

very satisfying, made a 750 usd withdrawal 2 days ago and got it the next day, beats my old broker that gave me lots of headaches, well done hotforex. very good.

Hotforex is a really good broker. I started with a Premium account for years.

The execution and spread are very suitable with my trading type. CS is also fast and dedicated, if you have any problem, you would have it resolved withint 10-15 mins.

very good broker
fast withdrawals
fast response from mt4
good spreads
support is active
highly recommended

Easy to start trading with this broker. I only started with 150 usd which is the only deposit i made with this broker and since i had withdrawal a lot more than this. They have good execution and the team is very helpful to come up with the ready solutions of the queries that i might have, they are recommended.

My friends are trading crypto – currencies and they had recommended this broker to me. As per them it has all of the assets including these digital assets for trading. Can anyone please share their feedback about this broker?

Recently recovered funds from a scam broker. I had to hire a professional to help me get my money back. Happy to share my experience.

which broker do you mean?

Very good, I have an account for 3 years now and its doing well. even with changing times the brokers manages to stay up to date with updates and is doing really good.

In last summer, I started with small account which have now been grown up in thousands and i can honestly say that this wasn’t possible without these guys because they have an excellent execution. I trade usually around london session which is i guess the most volatile time.

Broker is good, the platform very stable and easy to use, I trade hotforex for 2 years and always get my money in time. very good broker

I have been with Hot forex for over 2 years
and I have to say that the customer service and the speed of the customer service is unbelievably quick,I am happy to trade with them and would recommend them to anybody who is looking for a good broker.
Keep up the great work Hot Forex and thanx alot

Trading environment at this broker is convenient so far, i started in December last year. Lowest spreads and reasonable leverage is quite helpful in earning money through trading major pairs. I had made few withdrawals which were also processed on time without any hassles.

I had a trading account for the last one year and i have noticed that they have improved more since i started. The withdrawal process is easy and payments are transferred hassle free. The overall services are good so far.

the broker is very decent, over all they have been executing their services accordingly, only to show this broker means business.

So far its good option for earning online money however i am still able to withdraw only two profit payments in the last two months. The customer support team is really helpful and the trading software is also user friendly. No complaints so i really recommend this broker.

Good trade execution with decent spreads and smooth withdrawals, recommended broker as the trading is safe with this broker.

Good broker, No-requotes, fast withdrawal. Fast email response

Spread is superb with majors and average with exotic ones. I hope they can improve on that.

Keep up the good work!

Besides my teaching job i usually spend my free time trading forex online with this broker since one and a half year and i am glad that i am making extra income by spending my free time in buying / selling currency pairs. They have allowed me good leverage and the spreads are low which ensures that i can buy more with low costs, 100% less risks and high profit ratio. The withdrawals are always on time and i am sure that they are going great with a nice professional team.

I had started in April 16 and my initial investment was very small. In the past month I managed to make some good profits through trading popular pairs. I do recommend giving them try as they are very good in terms of withdrawals, services etc.

I have a trading account with them for more than three months now and I have made few withdrawals too. So far everything seems to fine as of now. I will keep updating here about my trading experience with these guys.

very good broker, with excellent service i have been trading live since feb 2020 and made two profit withdrawals with no problem, i am happy with the service.

Its been six months now since I am trading with hotforex and I haven’t found anything odd to complain about. The execution of orders is good with competitive spreads and I already made a couple of withdrawals with no problems at all.

I loosed money due to hotforex server sudden disconnection. hotforex do not compensate and not response sicereley There is no place to complain. They can do whatever they want after deposit money.
I’ve been scammed by Hotforex. Everything is ok until you want to withdrawal money ! They canceled all my profits
don’t waste your time and money !

Bucketshop!! SCAM!!
Bad customer service ever i had seen.Poor english .Requotes, common errors, context busy.. until you lose all trades. If you ever win, you are simply disabled. Very bad support, i will never use Hotforex ever again. Be aware.

It is almost three weeks that I have open an account with hotforex the orders does not get filed and you can wait minutes to get filled. Trailing stop works at its own pleasure, when you asked them they say they never received the order to modify or internet connection, but I does run the same trade with others non of them happened. Called for customer support and they do call you back, but quite non of them knows anything about the platform itself and ask you to read the manual.

The Hotforex has the most bad customer support I ever seen .I was try to get my account verefied .I did upload my documents but they say I need to submit the other side of my Id card and I did and the utility bill should be clear also I did and later I did not get any response

Hi, I have a live account with HOTFOREX and I encounter a few issues with them:They DON’T have liquidity (when you need it the most)Margin cut over the weekend Terrible costumer services All I can say is that they are not so good …….

i am currently trading with hotforex.com….. seems better…..i ll like to tell every body..that pls don be victim to attractive offers..first kindly find that broker must be well regulated and have good history…many of the brokers are usually scams…i like hotforex until…..let me trade fur ther….depositing is reallyu very easy n faster…i ll tell ufurther after withdrawing some profits….cuyrrently i recommend hotforex

Mam u nich konto od kilku miesięcy. działa dobrze. Wykresy dobrze się rysują. Nie mam dziwnych sytuacji, jakie miałem w ironie

Translation: I have an account with them for several months. works well. Graphs are drawn well. I do not have strange situations like I had in iron.

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