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Our review will help you decide if HotForex is the right Forex broker for your needs. Auto Trading; Mobile; Live; Looking For The Best Customer Service In FX Trading? Read Our HotForex Review Today! The minimum deposit required to open an account is $5, while the maximum HotForex leverage is In our opinion, the leverage is too. Trade Forex, Cryptos, Metals, Energies, Commodities, Indices, Bonds & Shares - Award-winning multi-regulated broker - Tight spreads - Top trading conditions HotForex has received numerous titles from some of the industry’s most respected awarding bodies and has also joined the ranks of the World Finance Top Global Companies.
HotForex regulation is also one of the hot topics of discussion among traders, as HotForex is one of the few brokers that have multiple regulatory statuses throughout the world. HotForex is regulated by the St.
It is interesting to note that the broker has based its corporate offices in some of the highly popular tax havens in the world, which can be a bit of an issue with traders from countries such as the US and Australia.
Nevertheless, almost all the modern regulatory organizations these days are committed to the welfare of traders in general, which is a good thing, considering that the number of scams is increasing on a day-by-day basis. However, when it comes to choosing an account, HotForex provides nine different types of accounts, which is a lot for the average trader. In our opinion, the leverage is too high for a Forex trader, but larger accounts have comparatively rational leverage to the tune of 1: The different types of trading accounts are as follows:.
The Auto and HF Social accounts are social trading accounts that allow investors to copy trades from other successful traders. On a positive note, HotForex offers an account for every type of trader, which is one of the reasons why HotForex continues to be a popular FX broker among modern traders. The HotForex spreads are also highly competitive, and the spreads starting from 1 pip for the standard accounts are acceptable.
All accounts have access to the full range of trading instruments, and can be traded using the MT4 as the standard HotForex trading platform. Meta Trader is the most commonly used and highly popular trading terminal for Forex traders, which has prompted HotForex to utilize several versions of the MT4 terminal across its different account offerings.
Its a broker from Mauritius which dont even have office. Lot of bad review about them. Good review is only by their own representative. Their support is fantastic. I especially like their rescue bonus This fabulous broker doesn't disturbing my EA to performed well, at all!
Shocking differences compares to the previous broker that kills my money and EA. Hotforex is good for me. Without runarounds, delays, and other mean tricks.. I have been scammed twice but I laid my account on with Hotforex and it was pure right choice. I am still a newbie so I don't know I am dealing with a scam broker. Through forum, I know this broker.
Hotforex is now charging my only the spread and its cheaper. Fast payment and some other advantages. I recommend its service for new trader. No fee attachs with payment is another advantage. I highly recommend this broker.
Traded for five years now and i'm satisfied. They only need to work on the urgency in processing withdrawals. Made only one withdrawal of USD and it was processed really fast. Fast execution, low spread and higher rebates. Only once I experienced an issue, I cannot set stop loss for a trade, I thought it's cuz the server was busy on that time. Because many people talk about the common problem about withdraw and customer service, so I pay special attention on these two questions, until now I withdraw three times by skrill, and each withdrawl are compelte within one-two days, and Chinese customer service are available to solve language problem.
Not very long time to trade with it, so maybe need more time to observe. Now I use their 0 spread account, they don't have markup there what means a lot for scalper, believe me or not it's a best broker I ever traded. Highly pleased with trading services there. Keep up with a good work Hotforex! I have account with them from so long time and I can proudly say that I made the best selection. Low spreads and fast withdrawal are the reason why I like this broker most.
I would recommend hotforex to all. Their Premium account is very good for long-term trades and zero spread account adjusted perfectly for scalping purposes. Spreads are flexible, raw, with markup, fixed spreads so besides of building your own strategy you can additionally try it with different charging schemes. Like that broker 5 from 5, they really deserve it. Now have traded with this broker more than one year, I have to says that their execution and spreads are better than previous broker.
Most important is that withdrawal always can be processed within 24 hours, so 5 stars. My withdrawal was stuck and I contacted CS to urge it. They told me I need to confirm withdrawal through phone. The day after, I got the phone from a local language hotforex staff to confirm the withdrawal. Not a big issue as I withdraw many times before but I don't know why they suddenly did it.
But I recommend you to use pending order to trade. The withdrawal requests are always processed in 24 hours. Tight spread and fast execution, no requote. Well, i would like to say that All the issues are always resolved quickly in this three year tour with them.
My losses are always my part but whenever i placed the withdrawal requests, its completed on the same day and in the most convenient way. I don't know people says that we should not go long with Cysec brokers and all but still in past three years after seeing their behavior specially in resolving issues with their clients is the best customer support in comparison to others. I will keep update my withdrawals and other important things about them.
I would like to give them 5 stars now. Thankyou HF Markets Ltd. The trading platform is user friendly and they have a cooperative customer support too. G when you open account, withdraw then you would get a confirmation phone call from the brokers to secure your account. My colleague is very good at trading and he also earn money by referring other traders so upon his recommendation, I tried hotforex demo account for around three months.
I started on live trading account and this month i have got my first withdrawal in my account. But still they are not showing me my deposit in my wallet account and now the support department of HFMarket told me that they don't know about this.
I Mailed them almost 5- 6 times on support hotforex. Due to illegal activities and fake transactions the representative of India Mr. Mohit Rewari facing some issues here and close their two offices located in India.
Now Government of India will take action on HF Market which is located in Cyprus and ask them with whose permission they run their business in India. At the end of result may be CySEC will cancel the certificate and many more things can be happened.
So please beware from this company and withdraw your money as soon as possible. Recently they update to MT4 web terminal, that's really convenient for my trading. So i would recommend checking this broker. However they have good stable server and friendly support team. The profit withdraw is also like piece of cake as i most of the time withdraw the profits on the same date and they are processed within a day or two.
For payment deposits and receipts i am using skrill which is instant. Summarizing my above statement, i can say that they are doing really a good job and deserve 5 star ratings.
That is one minus point to me because in another current broker that I am using, I am able to withdraw to BTC in a matter of hours, which is very fast.
You can withdraw to card original deposit, rest should be cashed out through Skrill, Webmoney or similar payment processors. The Auto and HF Social accounts are social trading accounts that allow investors to copy trades from other successful traders.