HotForex Broker Review – One In The Best Forex And CFDs Brokers – Trade Forex, Gold, Cryptocurrency And Derivatives Online

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

HotForex Broker Review – One In The Best Forex And CFDs Brokers – Trade Forex, Gold, Cryptocurrency And Derivatives Online

About HotForex

What Is HotForex?

HotForex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients. 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, HotForex has positioned itself as the forex broker of choice for traders worldwide.

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

HotForex is owned and operated by HF Markets Group (HF Markets (SV) Ltd). HF Markets (SV) Ltd is registered in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015.

The company also holds additional regulations within the HF Markets Group from the CySEC, FCA (United Kingdom), DFSA (Dubai Financial Services Authority), FSCA – Financial Sector Conduct Authority (South Africa) and FSA – Financial Services Authority (Seychelles) and are members of the Financial Services Compensation Scheme, offering a high level of safety and security of funds.

HF Markets Group of companies, which include:

  • HF Markets (SV) Ltd incorporated in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015.
  • HF Markets (DIFC) Ltd is authorised and regulated by the Dubai Financial Services Authority (DFSA) under license number F004885.
  • HF Markets (UK) Ltd is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.
  • 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 authorised Financial Service Provider from the Financial Sector Conduct Authority (FSCA) in South Africa, with authorisation number 46632.
  • HF Markets (Seychelles) Ltd is regulated by the Seychelles Financial Services Authority (FSA) with Securities Dealer’s License number SD015.

HotForex Provides

HotForex offers various accounts types, trading software and tools to facilitate individuals and institutional customers to trade Forex and Derivatives online. All Retail, Affiliates and White Label clients have the opportunity to access various spreads and liquidity via state of the art automated trading platforms. HotForex provides an unparalleled variety of account options that clients can select to enjoy a tailored trading experience that perfectly suits their needs. Coupled with superior trading conditions and lightning fast execution, HotForex provides all the tools and services needed for clients of any level to realise their trading ambitions.

HotForex is committed to providing clients with the best trading conditions possible. HotForex offers 6 different accounts to suit the specific requirements of different traders.

Whether you are looking to open a Demo or Live account, through the Micro, Premium, Islamic or Auto Account you will find the complete flexibility to trade at the level you want. Whatever your trading strategy, level of funding or appetite for risk, from micro to unlimited trade sizes, there is an account to match your needs.

With HotForex users can trade on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platform for desktop, web and mobile trading applications. Users can also access a range of trading tools, research and education such as AutoChartists and live webinars.

HotForex provides reliable, award winning trading services to its clients all over the world.

Advantages Of HotForex – Why Choose HotForex Broker?

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

HotForex Broker Review – One In The Best Forex And CFDs Brokers – Trade Forex, Gold, Cryptocurrency And Derivatives Online

General Information

Official website: http://www.hotforex.com

Regulated By: CySEC, DFSA, FCA, FSA, FSCA

Foundation Year: 2010

Min Deposit: $5

Max Leverage: 1:1000

Deposit Options: Credit Card, Cryptocurrencies, FasaPay, iDeal, Maestro, Moneybookers, Neteller, Przelewy, QIWI, Skrill, Sofort, Union Pay, Webmoney, Western Union, Wire Transfer

Withdrawal Options: Credit Card, Cryptocurrencies, FasaPay, iDeal, Maestro, Moneybookers, Neteller, Przelewy, QIWI, Skrill, Sofort, Union Pay, Webmoney, Western Union, Wire Transfer

Tradable Assets: Forex, Metals, Energies, Commodities, Indices, Shares, Bonds and Cryptocurrency

Trading Platforms: MT4, MT5

Commission on Trades: No

Fixed spreads: No

Trading Desk Types: ECN, STP

OS Compatibility: Desktop platform (Windows), Desktop platform (Mac), Web platform

Mobile trading: Android, iOS

Accepts Us Clients: No

Tradable Products On HotForex

HotForex provides You with the best possible opportunities to trade. Their list of products are known in the world of finance – include Leveraged Products such as Forex, Metals (gold and other metals), Energies (Oil & Gas), Commodities, Indices, Shares, Bonds and Cryptocurrency CFDs.

Forex Trading: Forex is the most liquid asset in the world and you can trade a multitude of Forex pairs, including majors, minors and exotics 24 hours a day, 5 days a week on our trading platforms. HotForex offers you some of the lowest spreads in the market, starting from 0 pips!

Metals Trading: HotForex offers excellent trading conditions for all its Spot Metals without burdening you with additional foreign exchange exposure on Gold and Silver. HotForex also offers spot metals in both USD and EUR as a 1% margin on Gold and Silver.

Energies Trading: HotForex offers derivatives in popular energies, including Brent and Crude oil. HotForex offers derivatives in spot and futures contracts with low spreads, small margins and 100-barrel lots. They also offer derivatives in US Natural Gas with a 1-pip typical spread and a 1000 MMBtu lot size.

Commodities Trading: Commodities such as Coffee, Copper and Sugar are influenced by economic, political and environmental factors. HotForex doesn’t charge you commission on Commodities so you can buy them if you think the market is rising or sell them if you think it’s overpriced.

Indices Trading: Trade on a host of the world’s leading indices such as the USA500 and UK100, which feature the top most highly capitalised companies in the US and UK.

Shares Trading: HotForex offers you the capability to trade stocks in leading blue chip companies such as Microsoft and Coca Cola. You can take full advantage of strong liquidity and reliable execution to trade some of the most well-known and liquid shares in the world right here with HotForex.

Bonds Trading: How bonds are traded in the market is important to the worldwide economy and the level of interest rates. For this reason, bonds are an important part of global economic markets. HotForex offers bonds – from Euro Bunds to UK Gilts and US 10-year Treasury Notes.

Cryptocurrency Trading: Cryptos are unique and popular digital currencies which are changing the financial industry. Their lack of physical form and decentralized nature, achieved by the use of Blockchain technology, makes them perfect for trading.

HotForex Account Types

HotForex offers 6 different accounts to suit the specific requirements of different traders.

Micro Account: Designed for traders new to the Forex market and those trading smaller volumes, the HotForex Micro account allows investors to trade smaller trade sizes and open an account with a lower initial deposit than a Classic account all from the powerful MetaTrader 4, MetaTrader 5 platforms.

  • Minimum Deposit: $5
  • Maximum Leverage: 1:1000 *
  • Spreads Types: Variable
  • Spreads from (pips): From 1 pip
  • Max Simultaneous Open Orders: 150

Premium Account: The Premium Account accommodates the experienced retail traders. A key feature is the flexibility in position sizing. The limit for a single trade size is 60 lots. There is a minimum trade size of 0.01 lot and the trade size increment remains flexible at 0.01. The Premium Account uses the MetaTrader4, MetaTrader 5 platforms as well as the Webtrader and any of the available mobile trading platforms.

  • Minimum Deposit: $100
  • Maximum Leverage: 1:500 *
  • Spreads Types: Variable
  • Spreads from (pips): From 1 pip
  • Max Simultaneous Open Orders: 300

Zero Spread Account: 

With a minimum opening deposit of just USD 200, the HotForex ZERO Spread Account is an accessible, low-cost trading solution that is suitable for all traders, but is particularly useful for scalpers, high-volume traders and those who trade with Expert Advisors (EAs).

As a HotForex ZERO Spread account holder, you will receive RAW, Super-Tight Spreads from leading liquidity providers with NO hidden markups! The account offers a highly transparent commission-based structure and commissions start at a low USD 0.03 per 1K lot.

  • Minimum Deposit: $200
  • Maximum Leverage: 1:500
  • Spreads Types: Variable
  • Spreads from (pips): From 0 on Forex
  • Max Simultaneous Open Orders(*): 500 / (*)60 Standard lots per position

Auto Account: The HotForex Auto Account opens the world’s financial markets to even novice investors by giving them the opportunity to subscribe to free and paid Trading Signals from the MQL5 Community, which is built-in to the HotForex MT4 trading terminal. Investors can automatically copy the signals of any Signal Provider with paid Signals being subject to a one month performance verification period. HotForex Auto Account clients can subscribe to Signals via the MetaTrader 4 Platform.

  • Minimum Deposit: $200
  • Maximum Leverage: 1:500 *
  • Spreads Types: Variable
  • Spreads from (pips): From 1 pip
  • Max Simultaneous Open Orders: 300

PAMM Account: As a HotForex PAMM Manager you have a choice of opening a Premium or Premium Plus Account.

  • Minimum Deposit: $250
  • Maximum Leverage: 1:300
  • Spreads Types: Variable
  • Spreads from (pips): From 1 pip
  • Max Simultaneous Open Orders: 500

HFcopy Account: The HFcopy Account is available to both Strategy Providers (SPs) and Followers who have joined HFcopy. SPs can open an HFcopy Account aiming to build their inventory of Followers and trade in exchange of a Performance Fee, as high as 50%. Followers, on the other hand, by opening an account will be able to deposit funds and start copying the trades of their selected SPs.

  • Minimum Deposit: $500 for Strategy Provider, $100 for Follower
  • Maximum Leverage: 1:400
  • Spreads from (pips): From 1 pip
  • Max Simultaneous Open Orders: 300

How To Open HotForex Account?

Setp 1: To open HotForex account, go to the official HotForex website: https://www.hotforex.com

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

– Enter Your data: country, first last name, email address, birth date, phone number

– Tick in box ‘I have read’ and answer security question then click on ‘Register’

Step 2: Check Your email and click on ‘Activate Now’

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

– After activate account, You will be received an email from HotForex includes: myHF ID and myHF password to login Your account

Step 3: Fill Your Personal Information

– Login Your HotForex account: select ‘My Accounts’ >>> ‘Complete Registration’

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

HotForex Broker Review – One In The Best Forex And CFDs Brokers – Trade Forex, Gold, Cryptocurrency And Derivatives Online

– Fill Your information and economic profile. You can fill into the form like as the images below

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

– Then click on ‘Finish’, You will be redirected to the upload documents page to verify identity

Hotforex 6

Step 4: Verify Identity To Deposit, Trade And Withdraw

– To complete the account opening You will need to verify identity

– You can upload Your ID government or Passport or Driver license to verify identity

– Note: You must verify identity to deposit, trade and withdraw. You can send email to the backoffice@hotforex.com to be supported identity verification

How To Deposit And Withdraw?

HotForex offers a wide variety of deposit and withdrawal methods which include credit and debit cards bank wire transfer and a variety of e-wallets such as Neteller, Trustly, Skrill and others. Processing times and fees vary but can be found on the HotForex website.

Deposit To Your HotForex Account

– Deposits can take between 10 minutes and 2 business days depending on the method and are mostly fee-free

– To deposit: login Your account, select ‘Funding’ >>> ‘Deposit’

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

HotForex Broker Review – One In The Best Forex And CFDs Brokers – Trade Forex, Gold, Cryptocurrency And Derivatives Online

– Select deposit method: enter Your payment informations and amount You’d like deposit

Withdraw From HotForex 

– Withdrawals are processed 24 hours after the submission of a request Monday to Friday and are mostly fee-free

– To withdraw: login Your account, select ‘Funding’ >>> ‘Withdraw’

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

– Select withdraw method: enter Your payment informations and amount You’d like withdraw

HotForex Desktop And Web Trading Platforms

HotForex offers users the ability to trade on the globally recognised MetaTrader 5 and MetaTrader 4 trading platform for Windows, Mac and Web.

HotForex MetaTrader 5 For Desktop

The HotForex MT5 platform takes all the best features of the MetaTrader 5 and adapts them to fit the needs of the HotForex client who wishes to master the markets, no matter what their style or preferred trading asset.

This powerful but user-friendly platform offers more features, advanced trading tools, superior support and total control of your trades for an enhanced trading experience. Get the best start to your efficient trading of the markets with one of the most innovative and popular trading platforms in the world.

Users can trade on the globally-recognised MetaTrader 5 for Windows and Mac which comes with several benefits and advantages, such as the ability to:

  • View 21 different timeframes
  • View up to 100 charts simultaneously
  • Access 80+ technical indicators
  • Perform one-click trading functions

HotForex MetaTrader 5 Web Trader

Users can also trade on the globally-recognised MetaTrader 5 Web Trader which comes with several benefits and advantages, such as the ability to:

  • Trade from any browser and operating system
  • View 9 different timeframes
  • Access 38 technical indicators
  • Perform one-click trading actions

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

HotForex Broker Review – One In The Best Forex And CFDs Brokers – Trade Forex, Gold, Cryptocurrency And Derivatives Online

Users can also access the MetaTrader 4 desktop/web trading platform. Below are some of the differences between the MetaTrader 4 and MetaTrader 5 trading platforms provided by HotForex

HotForex Mobile Trading Platforms

HotForex, under HF Markets (SV) allows users to trade on the MetaTrader 4 and MetaTrader 5 mobile trading app for Android and iOS operating systems, as well as their own HF App which is feature-rich.

HotForex MetaTrader 5 Mobile Trading App

HotForex allows users to trade on the MetaTrader 5 mobile trading app for Android and iOS operating systems. The app can be downloaded from the myHF Area, from the broker’s website or from the Apple App Store or Google PlayStore.

The HotForex MetaTrader 5 mobile trading app comes with several benefits and features, as highlighted below:

  • Real-time, interactive charts
  • View 9 different timeframes
  • Access 30 technical indicators
  • Perform one-click trading actions
  • Access multiple order types such as market, stop and limit orders

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

HotForex Broker Review – One In The Best Forex And CFDs Brokers – Trade Forex, Gold, Cryptocurrency And Derivatives Online

HotForex HF App For Mobile Trading

Financial markets and your HotForex account are in the palm of your hand with the HF App: use it to help you understand the markets with trading tools and the latest news, updates, and financial analysis. The updated HF app now features direct access to your myHF area.

HF App provides a range of unique features and benefits, such as:

  • Deposit, Withdraw & Transfer: Managing your account and your funds has never been so easy: simply login to myHF area on your mobile device.
  • Advanced charting functionality: Choose between various graph types & time frames, apply technical indicators, use a zoom scrollbar or read news live.
  • HFcopy: Innovative trading solution is now even more accessible for mobile traders who want to join forces on the go.
  • PAMM: Fund Managers use funds allocated by Investors to trade on their behalf in return for a Success Fee.
  • myHF Area: Now you can access your account on the go: deposit, withdraw, and transfer funds with ease using the app.
  • Daily Market Analysis: Stay up to date on what’s happening in the markets and why with daily analysis from HotForex expert analysts.
  • Trading Positions: A unique real-time market indicator that gives you information on how traders are reacting to currency and commodity movements.
  • Traders’ Board: Understand the world’s markets with information on currency movers and volume traded as well as live charts of major pairs.

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

HotForex Broker Review – One In The Best Forex And CFDs Brokers – Trade Forex, Gold, Cryptocurrency And Derivatives Online

Users can download the HF App directly from the myHF Area, the broker’s website or from the relevant app store

HotForex Commissions And Spreads

Trading costs with HotForex vary depending on the market being traded, the account type opened and the regulator used. Generally, every account except the Zero Spread account comes with commission-free trading on Forex pairs with spreads starting from 1 pip. The Zero Spread account offers spreads from 0 pips on Forex but with commissions payable per trade

Spreads and swap information can be found on the HotForex website: Forex Trading; Metals & Energies Trading; Indices Trading; Share Trading; Commodities Trading; Cryptocurrencies Trading; Bonds Trading

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

HotForex Broker Review – One In The Best Forex And CFDs Brokers – Trade Forex, Gold, Cryptocurrency And Derivatives Online

HotForex Tools

HotForex provides a range of additional trading and analysis tools such as Autochartist Tool, Risk Percentage Calculator, HotForex Exclusive Analysis, Economic Calendar, Traders Board, One Click Trading and other features as shown below:

The broker also provides access to Premium Trader tools for Metatrader. This includes tools such as a trade terminal, a mini terminal, sentiment trader indicator, a session map, a correlation matrix and an advanced indicator package including renko bars, pivot points and more, as shown below:

Also, HotForex has a dedicated team of in-house analysts who provide regular Market News, Analysis and Market Outlook reports. Via the designated HotForex Analysis traders can access analysis and research in an article, video, podcast and webinar format. The articles are feature rich and can be of value to beginner traders as well as more advanced traders. HotForex offers elaborate and varied market analysis content. Traders can benefit from weekly, monthly and annual market reports.

HotForex’s Education

The HotForex website features an online education centre giving traders access to tutorials on trading and the MetaTrader software, live webinars, E-books and complete courses.

Beginner traders can consult the E-course and Video tutorial section for a basic understanding of the Forex market and the basics of trading.

HotForex Broker Review - One In The Best Forex And CFDs Brokers - Trade Forex, Gold, Cryptocurrency And Derivatives Online

HotForex Broker Review – One In The Best Forex And CFDs Brokers – Trade Forex, Gold, Cryptocurrency And Derivatives Online

The video tutorials covers topics ranging from the practical application and use of the MetaTrader trading platform to the guides on the use of different trading indicators, techniques and strategies.

HotForex Partners

HotForex Partners is the ultimate Partner Program in the Forex Exchange Market. They cater to Offline and Online Affiliates paying top commissions for referred clients to HotForex. With the best commission structure and tailor-made products, HotForex can help you achieve your revenue expectations.

Each person who would like to cooperate with HotForex can choose one of the following types of partnership programs:

  • Affiliates
  • Introducing Brokers
  • Fund Managers
  • Regional Officers
  • White Label

Depending on your experience, resources and the expected result, you can choose any option which fits you best.

HotForex Partners offers 60% and more Revenue Sharing for your referred direct clients.

They also offer 25% commission for the 2nd Tier program. HotForex Partners gives you a chance to earn 25% of whatever your referred Sub Affiliates make!

Also tailor made products and commission structures are available for high net worth partners.

Partner commission payments will be done once a week, on each Wednesday between 9:00 a.m. and 17:00 p.m. server time. Minimum payout option is $50 USD. Payouts are processed to your myHF account.

You can learn more about HotForex’s Partner program and register by the link: https://www.hotforex.com

Customer Support

The HotForex client desk is available 24/5 during Market opening hours and offers multilingual support. Clients can contact support agents via Live Chat, Telephone, Email and an Online Contact Form.

Alternatively, users can connect and interact with HotForex through their Social Media channels. The broker has a presence on the main Social Media outlets such as Facebook, LinkedIn and Twitter.

For instant feedback and answers to the most common queries, users can consult the FAQ section, in the ‘Help’ section of the website. In this extensive and comprehensive overview the most Frequently Asked Questions are listed and categorized per theme. A search bar allows users to browse any queries relating to their topic of interest.

HotForex Broker Review – One In The Best Forex And CFDs Brokers – Trade Forex, Gold, Cryptocurrency And Derivatives Online

Contact Information:

Conclusion

From our reviews, HotForex provides a simple and transparent trading offering suitable for both beginner and advanced traders. HF Markets (SV) Ltd offers 6 core trading accounts called Micro, Premium, Zero Spread, Auto, PAMM (Premium) and HFcopy.

Every account type offers commission-free trading for Forex pairs, while the Zero Spread account is commission-based but with spreads from 0 pips on Forex. Users can access 150+ trading instruments across Forex, Commodities, Indices, Shares, Bonds and Cryptocurrency CFDs, as well as access free demo trading accounts and Islamic swap-free accounts.

Traders can use the MetaTrader 4 and MetaTrader 5 trading platform for Windows, Mac, Web, Android and iOS applications. The HotForex broker provides a range of additional trading features such as AutoChartist scanners and risk calculators, as well as a package of Premium Trading Tools for MetaTrader which includes a correlation matrix, mini terminal, advanced order window and more advanced indicators such as pivots and Renko charts.

HotForex Broker Review – One In The Best Forex And CFDs Brokers – Trade Forex, Gold, Cryptocurrency And Derivatives Online – Review By Cryptokiemtien
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Good luck,

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