HotForex
Regulated By : CySEC, FCA, MiFID
Headquarters : 
Cyprus
Min Despsit : 5 USD
HotForex Overview
Company Information
| Broker Details | Info |
|---|---|
Regulators
What Is Regulation?Forex regulation is therefore all about consumer protection. Regulated Forex brokers are less likely to cheat their clients and where such infractions happen, regulators are empowered by the laws of their respective jurisdictions to apply appropriate sanctions. |
CySEC, FCA, MiFID |
| Country | Cyprus |
Base Currencies
What is Base Currency?In the forex market, currency unit prices are quoted as currency pairs. The base currency โ also called the transaction currency - is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the quote currency or the counter currency. For accounting purposes, a firm may use the base currency as the domestic currency or accounting currency to represent all profits and losses. |
EUR, USD |
Type Of Brokers
Broker TypesThere are two types of brokers: regular brokers who deal directly with their clients and broker-resellers who act as intermediaries between the client and a larger broker. Regular brokers generally are held in higher regard than broker-resellers. |
ECN, STP |
Trading Platform
What is Trading Platform?A currency trading platform is a software interface provided by currency brokers to their customers to give them access as traders in the Forex markets. This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three. |
Desktop, Mobile, MT4 |
| Established Year | 2010 |
| Website Language | English, Chinese, Spanish |
| US Clients |
Payment Option
| Method | Getway |
|---|---|
| Acc Funding Methods |  Skrill,  Neteller,  Wire transfer,  Visa Card,  Master Card |
| Acc Withdrawal Methods | Skrill, Neteller,  WebMoney, Visa Card, Master Card |
Trading Account Options
| Type | Info |
|---|---|
Maximum Leverage
Forex LeverageLeverage is the use of borrowed funds to increase one's trading position beyond what would be available from their cash balance alone. ... Forex traders often use leverage to profit from relatively small price changes in currency pairs. Leverage, however, can amplify both profits as well as losses. |
1:1000 |
Mini Account
What Is Mini Account?A forex mini account is a foreign exchange (FX) account which allows beginner traders to enter the currency market using smaller size (mini lot) positions and trading quantities, thus lowering the funds at risk and limiting potential losses. |
|
| VIP Accounts | |
Segregated Accounts
What Is Segregated Account?Segregated account is an important term in the context of Forex trading in which a broker holds their client funds in segregated (separate) accounts that are different from the broker's core banking account. Segregated accounts are used to differentiate between the broker's working capital and its client investments. |
|
| Free Demo Accounts | |
Managed Accounts
What Is Managed Accounts?A managed forex account is where a professional trader/money manager manages the trading on the clients' behalf. The account is made up of a personalized portfolio owned by a single investor. The portfolio and account is handled accordingly to the investors needs. |
|
| Pro Account | |
| Minimum Deposit | 5 USD |
Islamic Account
What Is Islamic Account?An Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance. ... As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates. |
Contact Information & Support
| Type | Info |
|---|---|
| Telephone No | +44-2030978571 |
| [email protected] | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | HF Markets (SV) Ltd. Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines |
HotForex Trading Features
Suitable For
| Trader Level | Yes/No |
|---|---|
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading |
Spreads And Commission
| Trader Level | Yes/No |
|---|---|
Minimum Spreads
What Is Spreads?The forex spread is the difference between a forex broker's sell rate and buy rate when exchanging or trading currencies. Spreads can be narrower or wider, depending on the currency involved, the time of day a trade is initiated, and economic conditions. |
0.9 |
| Commission | |
| Fixed Spreads |
HotForex Release 6 Bonuses
Trading Services
| Service | Info |
|---|---|
Hedging
What Is Hedging?Hedging with forex is a strategy used to protect one's position in a currency pair from an adverse move. It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this way. One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options. |
|
| News Trading | |
Scalping
What Is Scalping?Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit. |
|
| Automated Trading | |
Indices
What Is Indices?The indices track the underlying prices of the currency pairs within that index. If the individual forex prices in that index increase, then the value of the index will go up. Conversely, if the individual FX prices decrease, then the value of that index will fall. |
|
Commodities
What Is Commodities?The commodity pairs, or commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves. ... Traders and investors looking to gain exposure to commodity price fluctuations often take positions in commodity currency pairs as a proxy investment to buying commodities. |
|
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy Tradings |
Quick Action
eToro
Min.Deposit: $50
Regulated: ASIC
Max.Leverage: 1:1500
Country: Cyprus
Tickmill
Min.Deposit: 100 USD
Regulated: FCA
Max.Leverage: 1:500
Country: 
United Kingdom
OctaFX
Min.Deposit: 50 USD
Regulated: FCA
Max.Leverage: 1:500
Country: 
Saint Vincent and the Grenadines
laique Says :
I have traded hotforex for quite some time. Now i am on holidays yet i have a plan to start trading again in January 2020. The previous trading experience is good so i keep continue going with this broker again as my account is approved and is in good working conditions.
Jeremy Ivan Says :
A well known reliable broker, they have been around for almost 10 years i guess. My total trading time with hotforex is 2 year and they have provided good services. no complaints. highly recommended.
Nhuong Tong Says :
I am an experienced trader and I was granted $50 bonus in theri seminar. I have traded for a few weeks and can withdraw that bonus amount to my Neteller acc. It’s a reliable broker.
Chichi Says :
what are the conditions for withdraw of the bonus traded profits?
Sameer Says :
I believe it is in the ToS, which many traders tend to neglect reading, u have to hit a certain volume target before you are able to withdraw, and collect with in 3 months i believe, thats roughly what i recall, though i trade mostly with no bonuses.. the broker is good and the bonus is helpful if done correctly
Asir Munir Says :
This broker is legit with multi awards winning which do show its repute and I besides my own trading account know many forex traders in my area which are trading with this broker.
Danny Says :
hotforex is a broker with a good reputation, well known and their services are actually great. over all stability and speed of execution is an A+, good support, they can be a bit strict with documents which is a good sign in my opinion.
Mullah Atif LLB Says :
I have trading accounts with other brokers too however i like the server execution of hotforex which attracts me the most as compared to others. So i had decided to consolidate my funds into one single account i.e., hotforex. The services does not have issues since i have account with them.
Ibrar Says :
Overall it is a great broker in my opinion. I am a small part time trader and my last withdrawal was arrived on 5th may this month. They have good service levels i believe so they are recommended broker.
Shahid Ullah Niazi Says :
I have come up with satisfactory experience with this broker. My trading length with this broker is three years including demo (one year) and live trading (two years)
Hoang Says :
I started trading with this broker many years ago with hiatus. After SNB crisis, many scam brokers went bankrupt but Hotforex is still active and I know this broker is reliable. So far, I have withdrawn funds many times with this broker.