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HotForex Overview
HotForex is an ECN Forex broker that offers competitive trading conditions and a wider range of currency pairs than most other ECN brokers offer. Although it offers the standard MetaTrader4 platform, few other aspects of this brokerage are standard, including its wide range of major and exotic currency pairs and a website available in 20 languages.
The HotForex was lunched 2008 in St. Vincent and the Grenadines under this 22747 IBC 2015 license number, the company is owned and operated by the HF Markets Group. HotForex work offers multiple trading instruments such as forex, crypto, indices, commodities and bonds.
HotForex special features
Broker Overview
| Website | Visit Website |
|---|---|
| Broker Type | ECN/STP Forex Broker |
| Demo Link | Open Demo Account |
| Founded | 2010 |
| Company | HF Markets (Europe) Ltd |
| Country | Cyprus |
| Headquarter | HF Markets (Europe) Ltd Spirou Kyprianou 50 Irida 3 Tower 10th Floor, Larnaca, 6057, CY |
| Regulation | CySEC, FSB, FSC, MiFID |
| Int Offices | Cyprus |
| Phone | +44 2033185978 +44 1618840496 +44 2033183968 |
| Fax | +44 2035141444 |
| [email protected] [email protected] | |
| Website Lang | English, Arabic, Bulgarian, Chinese, Czech, Farsi, French, German, Greek, Hindi, Hungarian, Italian, Japanese, Latvian, Portuguese, Romanian, Russian, Slovak, Spanish, Urdu |
| Accept Us Clients | no |
| Account Currencies | USD, EUR, PLN, ZAR, NGN |
| Trading Platforms | MT5 for Desktop, MT5 WebTerminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, MT4 Desktop, MT4 Multi Terminal, MT4 WebTrader, MT4 iPhone Trader, MT4 iPad Trader, MT4 Android Trader, MT4 Smartphone Trader |
| Promotions | 100% SuperCharged Bonus and 100% Credit Bonus offer |
| No Deposit Bonus | $30 Forex No Deposit Bonus applicable for South Korea, Turkey, Bahrain, Jordanian, Kuwait, Lebanon, Mauritania, Oman, Qatar, Saudi Arabia, Tunisia, Morocco, Algeria, UAE and Maxico. |
| Welcome Bonus | 30% Rescue Deposit Bonus |
| Withdraw Options | Wire Transfer, Credit Card, Western Union, Neteller, Skrill, Webmoney,TrustPay, Sofort Banking, Przelewy24, etc. |
| Account Funding Methods | Wire Transfer, Credit Card, Western Union, Neteller, Skrill, Webmoney,TrustPay, Sofort Banking, Przelewy24, etc. |
| Other Trading Instruments | Yes |
| Min Deposit | 5 |
| Max Leverage | 1:1000 |
| Mobile Trading | Yes |
| Web Trading | Yes |
| News Trading | Yes |
| Type Of Spread | Fixed and even Negative |
| Minimum Spreads | 0.0 pips |
| Lowest Spread On Eur Usd | 0.2 pips |
| Precision Pricing | 4 and 5 digits |
| Free Demo Account | Yes |
| Mini Accounts | Yes |
| Islamic Accounts | Yes |
| VIP Accounts | Yes |
| Ecn Account | Yes |
| Swap Free Accounts | Yes |
| Segregated Accounts | Yes |
| Managed Account | Yes |
| Interest On Margin | Yes |
| Trading Contests | Yes |
| Hedging | Yes |
| Expert Advisors | Yes |
| One Click Execution | Yes |
| Oco Orders | Yes |
| Gold Silver | Yes |
| CFDs | Yes |
Tight spreads as low as 0 pips
Exotic currency pairs available
Web trading platform and multilingual customer support
Muslim-friendly accounts are available
Various promotions and bonuses for traders
Regulations & Security
HotForex is a regulated forex broker, the company got licensed from various authority which include:
HF Markets (SV) Ltd with this registration number 22747 IBC 2015 and office address Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beach Mont Kingstown, St. Vincent and the Grenadines.
HF Markets (UK) Ltd by FCA (Financial Conduct Authority), for UK client under this number 80170.
HF Markets (Europe) Ltd by CySEC (Cyprus Securities and Exchange Commission) at Cyprus and the official address is 50 Spyrou Kyprianou, 10th Floor Irida 3 Tower, Larnaca 6057.
HF Markets SA (PTY) Ltd by FSCA (Financial Sector Conduct Authority) in South Africa and the official address is Katherine & West Suite 18 Second floor 114 West Street Sandton, Johannesburg 2031.
HF Markets (Seychelles) Ltd at Room 107, Orion Complex. PO Box 1228, Victoria Mahe, Seychelles.
HF Markets Ltd regulated by the FSC (Financial Services Commission) of the Republic of Mauritius, category 1 Global Business No. C110008214 License | under this 094286/GBL registration number.
HF Markets (DIFC) Ltd by the DFSA (Dubai Financial Services Authority) with this licence number F004885.
Account Types
Hotforex offers different type of accounts based on trader level and platform, these are:
Micro Account: This account is for beginners, traders can use this account with
The MetaTrader (MT4, MT5), WebTrader and mobile trading platforms. The minimum deposit amount is very low, it is only $5 and the maximum leverage is 1:1000. Starting with Micro account is really good for beginners.
Premium Account: is upgraded from micro account, it is designed and developed for professional traders. It is usable via MT4, MT5, WebTrader and Mobile trading platforms.
The minimum deposit is $100
The maximum leverage is 1:500
The Spreads start from 1 pip
Zero Spreads Account
Zero spreads account: As the name suggest the account spreads start from 0 pips. Trading platform is available for this account MetaTrader 4, Webtrader and Mobile Trading.
The minimum deposit is $200
The maximum leverage is 1:500
The minimum trade size is 0.01 lots
Auto Account: This account is developed for newbies and targeted for non-analytical traders. The minimum deposit is $200 and
MetaTrader 4, Webtrader and Mobile trading platform is available for this account.
HF Copy Account: Is a social trading account. Trader can copy trades from another trader, it is special for Strategy Providers’ (SPs) and ‘Followers. The account is only forex and Bitcoin trading and trading platforms are MT4, WebTrader, and Mobile trading.
HF Copy account for SPs, they can open an account planning to fabricate their inventory of Followers and exchange trade of an Exhibition fee, as high as half. HF broker allow traders to copy another trader strategy, simply you can join and copy.
The minimum deposit is $100 for a follower and $500 for a Strategic Provider, and the maximum leverage is 1:400.
NOTE: Due to regulation the HF Markets (SV) Ltd does not provide services to residents of Canada, USA, Sudan, North Korea, and Syria. And HF has different type’s conditions for European and Non-European clients.
Platforms & Tools
HotForex is a MetaTrader platform based broker, which means HF trader can use the suite of prominent retail trading platforms that know is MetaQuotes Software. The MetaTrader4 (MT4) platform is available for desktop and web. The automated trading systems are available on the desktop version.
The MetaTrader4 platforms come with some different when changes the broker such as setup, price presentation, execution method, profile area, etc.
HotForex offers user friendly MT trading platform that developed by FX Blue Labs that give some opportunities include multiple account opening, technical research tools, and more.
Deposit & Withdrawals Methods
Depositing and withdrawing are easy on HF. Generally, there are no deposit and Withdrawal fees and offer the same method to deposit and withdrawal and support commons method:
Neteller and Skrill: The transactions process is instant. The minimum deposit is $5 and the maximum is $10,000 for skrill and $50000 for Neteller.
Bank Wire Transfer: The minimum deposit is $100 and the maximum is unlimited. It may take 2 to 7 working days to credited account and bellow $100 transfer there are no fees.
Visa and Visa Electron Cards: The minimum deposit is $5 and the maximum is $10,000 for both Visa and Visa Electron. Generally, it process instantly but it should take up to 10 minutes. Withdrawals take 2-10 business days, depends on the corresponding bank.
Master and Maestro Card: The minimum deposit and withdrawal is the same but the maximum deposit amount is $7500 for Maestro and $10000 for Master card.
Bitcoin BitPay and Crypto: It is the bitcoin method. The minimum amount is $5 and the maximum is $10,000. Generally, it process within 10 minutes and withdrawals take 1-3 working days. Accepted minimum amount is $100.
China UnionPay: The minimum deposit amount is $50 and the maximum is $8,000. It should take a maximum 24 hours and withdrawals take maximum 2-5 business days, depends on the corresponding bank.
FasaPay: The minimum deposit is $5, it is an instant process service and the maximum amount is $5,000.
Customer support
Hotforex provides service with well trained support team. HF provides 24/5 (4:00 am to 09:00 pm GMT Monday to Friday) customer support, in many languages: English, French, and German, Bengali, Arabic, Chinese, Greek, Indonesian, Polish, Portuguese, Russian, Thai, Italian, Japanese, Malay, Spanish and more.
Features:
Website live chat support and contract form
Phone – +44 2033185978
Email – [email protected]
Fax – +44-2035141444
Execution Desk – [email protected], +44-2033183968
Also, HF has toll free 9 international numbers (Spain, Russia, China, Germany, Brazil, Taiwan, India, South Africa, and Indonesia.
