HotForex

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HotForex Review

Author bio.

St├ęphane BottineSt├ęphane has worked in financial services since 2005, within capital markets and investment banking. He graduated from the London School of Economics and HEC Paris.

FCA Register

Updated on: 25 October, 2020

  • Awards
  • Best Forex Trading Conditions, 2020 - IBM
  • Best Client Security, 2020 - Global Brands
  • Best Copy Trading Platform, 2019 - Forex Awards
  • Pros
  • Trade CFDs on all asset classes, including ETFs.
  • Trade through MetaTrader 4 or 5.
  • Get Direct Market Access.
  • Low 20% stop-out level.
  • PAMM accounts are available.
  • Cons
  • You cannot buy shares or cryptocurrency.
  • Monthly inactivity fee after 6 months.

Accounts (3)

HotForex

Micro Account
  • Trade Forex as well as CFDs on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for new traders, has smaller trading sizes and a lower initial deposit.
  • $ 5 Minimum deposit
  • 1:1000 Leverage (EUR/USD) ?
  • 1.2 Pips (EUR/USD)
  • $ 0 Commission / lot
  • More ▼
  • Open account ▷

HotForex

Premium Account
  • Trade Forex as well as CFDs on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for experienced traders, allows you to trade up to 60 lots per position.
  • $ 100 Minimum deposit
  • 1:500 Leverage (EUR/USD) ?
  • 1.2 Pips (EUR/USD)
  • $ 0 Commission / lot
  • More ▼
  • Open account ▷

HotForex

Islamic Account
  • Trade Forex as well as CFDs on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for Muslim clients, does not incur swap or rollover charges for holding positions overnight. Terms and conditions apply.
  • $ 100 Minimum deposit
  • 1:500 Leverage (EUR/USD) ?
  • 1.2 Pips (EUR/USD)
  • $ 0 Commission / lot
  • More ▼
  • Open account ▷

Offers (9)

Important: please visit the broker's website for their terms and conditions.

HotForex will credit your account with a 100% bonus on EVERY deposit over US$ 250. Apply this credit as leverage for your trades. In addition, earn daily cash rebates of US$ 2 per lot, subject to a maximum rebate of US$ 8,000.

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Get a 100% bonus on every deposit over US$100 into Micro, Premium or Islamic accounts. Apply this bonus towards your account's leverage or withdraw it once volume requirements are met. It effectively sets the stop out level on cash balance to zero.

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Increases your account's leverage and protects it against losses, but cannot be withdrawn. Applies to all deposits over US$ 50.

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Every month, HotForex rewards the best demo traders with real money cash prizes up to US$ 3,500. Open a demo account today to take part.

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Every month, HotForex will reward the best trader on its platform with a US$ 1,000 cash prize and feature the top 10 traders on its awards page. To take part: open a live account, maintain a balance of at least US$ 500 and register with the contest.

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Deposit a minimum of US$ 5,000 and maintain this amount over subsequent months to qualify for free standard VPS hosting which includes 512MB RAM (1GB burst), 20GB hard drive, 1.1 GHz CPU and unlimited bandwidth. Or unlock free advanced VPS hosting when you deposit over US$ 8,000. Advanced VPS hosting comes with 1GB RAM (2GB burst), 50GB hard drive and 2 x 1.1GHz CPU.

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Learn the basics of Forex trading, how to read and interpret charts, the fundamentals of technical analysis and common Forex trading strategies with this e-course. Open a live or demo account to access the material free of charge.

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Autochartist scans the market and alerts you to opportunities in real time as soon as a Chart or Fibonacci pattern is identified. HotForex offers Autochartist on a complementary basis to clients who meet net deposit and balance requirements. Alternatively, you may request a 30-day Autochartist demo trial (available with a 5 candlesticks delay).

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Even though HotForex imposes no fees on deposits, your bank most likely will. If this happens, send HotForex a copy of your receipt and HotForex will cover the charges.

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HotForex offers a wide range of online trading accounts to suits the needs of retail clients whether they are new or experienced traders alike. These include:

  • Micro account: an account designed with new traders in mind. It comes with a low $5 opening deposit, flexible leverage up to 1:1000 and small trading sizes.
  • Premium account: an account for experienced traders. It comes with larger trading sizes. Open an account from a low $100 deposit and enjoy flexible leverage up to 1:500.
  • Auto account: automatically copy signals from the MQL5 Community with an Auto account. Subscribe to both free and paid signal providers through MetaTrader 4.

All HotForex accounts come with floating spreads, starting from just 1 pip. At the time of writing, EURUSD spreads fluctuated around 1.2 pips. HotForex also offers a Zero Spread account, with tighter spreads plus a fixed commission, ideal for scalping.

HotForex (HotForex.com) Micro, Premium, Zero and Auto accounts are also available in Islamic format. These accounts incur no swap or rollover charges on overnight positions. Please note that HotForex reserves the right to apply a carry charge on selected currency pairs held overnight beyond 7 days. Please speak to a HotForex advisor for details.

  • Asset classes
  • Forex (CFD)
  • Cryptos (CFD)
  • Stocks (CFD)
  • Indices (CFD)
  • ETFs (CFD)
  • Metals (CFD)
  • Energy (CFD)
  • Commodities (CFD)
  • Bonds (CFD)
  • Asset classes (#)
  • Forex (CFD)48
  • Cryptos (CFD)12
  • Stocks (CFD)56
  • Indices (CFD)23
  • ETFs (CFD)34
  • Metals (CFD)6
  • Energy (CFD)5
  • Commodities (CFD)5
  • Bonds (CFD)3

Trading platforms

HotForex now supports both MetaTrader 4 and 5. MetaTrader 5 offers a broader range of indicators, order types and faster platform speeds thanks to its 64-bit multi-threaded processor. You may also create your own indicators and Expert Advisors using the MQL5 language.

Both platforms, built for Windows PCs, can run on a Macbook with the help of an emulator. MetaTrader 4 and 5 are also available as apps for your Android, iPhone or iPad devices. Alternatively, you may also place orders online through HotForex.com.

  • Trading platforms
  • MetaTrader 4
  • MetaTrader 5
  • Currenex
  • Copy trading
  • Mirror trading
  • Operating systems
  • Web trader
  • Android
  • iOS

Account funding

Note: payment methods depend on the entity with which you open an account, as well as your country of residence. Please visit the company's website for all payment methods.

  • Deposits and withdrawals
  • Bank transfer
  • Credit card
  • Debit card
  • bitwallet
  • China UnionPay
  • FasaPay
  • NETELLER
  • Skrill
  • WebMoney
  • Yandex.Money
  • Account base currencies
  • EUR - Euro
  • USD - U.S. Dollar

Regulators

Security of funds is a priority for HotForex (HotForex.com). Client funds are held separate from the company's own fund, with reputable banking institutions. These funds are held off balance sheet and cannot be used to pay back creditors in the unlikely event of default. In addition, HotForex provides its regulators with quarterly updates on its financial position and the manner in which it meets its capital requirements.

The HF Markets Group operates through three different companies for regulatory reasons:

  • In the European Economic Area (excluding Belgium), Switzerland and Mauritius, HotForex operates through HF Markets (Europe) Ltd. The company is registered with several national regulators including the FCA in the UK, CySEC in Cyprus, BaFin in Germany and the ACPR in France. Clients of HF Markets (Europe) Ltd are covered by investor compensation funds.
  • In South Africa, HotForex operates through HF Markets SA (Pty) Ltd, a company incorporated in South Africa and authorised to act as a Financial Services Provider by the Financial Services Board ("FSB") with FSP Number 46632.
  • Across the rest of the world, HotForex operates through HF Markets (SV) Ltd, a company incorporated in St. Vincent & the Grenadine as an International Business Company with registration number 22747 IBC 2015. It welcomes traders from all countries, with the exception of the USA, Canada, Sudan, Syria, North Korea.
  • Company information
  • Company nameHF Markets (SV) Ltd
  • Head officeSt. Vincent & the Grenadines
  • Incorporation date2010
  • Regulators
  • E.U.CySEC 183/12
  • FranceACPR No. 74492
  • GermanyBaFin No. 132342
  • MauritiusNo. C110008214
  • South AfricaFSCA No. 46632
  • UKFCA No. 600473

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