Home / Forex Brokers in Australia / HotForex Broker Review

HotForex Broker Review

FX Scouts By Jeffrey Cammack Updated: February 13, 2020
Overall Rating
4.49 / 5
Min. DepositUSD 5
Max. Leverage1000:1
Min. Spread0.0 pips
RegulatorsCySEC,FCA,FSCA,DFSA,FSC
Regulator Origin CySEC FCA FSCA DFSA FSC
Broker TypeECN/STP

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service

 

Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 5
Base currenciesUSD, EUR, GBP, AUD
Number of FX Pairs51
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD0.7
GBP / USD0.5
USD / JPY0.2

Company Details

Company nameHF Markets (SV) Ltd
Founded2010
Website Visit Website
TypeECN/STP
RegulatorsCySEC,FCA,FSCA,DFSA,FSC
Office locations Mauritius

Deposit & Withdrawal Methods

Supported Platforms for HotForex

Most retail CFD accounts lose money. Your capital is at risk.

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HotForex

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Pepperstone

Pepperstone

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Overall Rating 4.49 / 5 4.27 / 5 4.56 / 5
Minimum DepositUSD 5AUD 100AUD 100
Regulation
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
ASIC ASIC
CySEC CySEC
FCA FCA
ASIC ASIC
Broker TypeECN/STPECN/DMAECN/STP
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, BondsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Energies
Forex Pairs5150+80+
Crypto Pairs455
Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 5 / 5
Trading Conditions 4.5 / 5 4.5 / 5 4.5 / 5
Trading Platforms 4 / 5 4.5 / 5 5 / 5
Deposit & Withdrawal 4.5 / 5 3 / 5 4 / 5
Education & Research 4.5 / 5 4 / 5 4.5 / 5
Assets Available 4.5 / 5 4 / 5 4.5 / 5
Customer Service 4.5 / 5 4 / 5 4 / 5
% Lose with this broker 72.83% of retail investor accounts lose money when trading CFDs with this provider of retail investor accounts lose money when trading CFDs with this provider 73.6% of retail investor accounts lose money when trading CFDs with this provider
Leverage1000:1500:1500:1
Spread0.0 pips0.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Auto (Standard)
  • HFCopy (Standard)
  • Islamic
  • Micro (Mini)
  • Premium (Standard)
  • Premium Pro (Vip)
  • Zero (Standard)
  • Platinum IRESS (Vip)
  • Premier IRESS (Vip)
  • RAW (Standard)
  • Standard (Standard)
  • Standard IRESS (Professional)
  • Razor (Standard)
  • Standard (Standard)
  • Swap-free
Swap-Free Accounts Yes Yes Yes
Trading Platforms MT4 MT4, MT5, IRESS MT4, MT5, cTrader
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay Bank Transfer, Visa, Mastercard, Paypal, Skrill, Neteller, Fasapay, BPay, paytrust88, POLi Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay
Trading Commission 6 USD / lot - Zero Account 6 USD / lot - RAW Accounts From 7 USD / lot - Razor Account
Clear all brokers

HotForex

Visit Website

FP Markets

Visit Website

Pepperstone

Visit Website
Overall Rating 4.49 / 5 4.27 / 5 4.56 / 5
Minimum DepositUSD 5AUD 100AUD 100
Regulation
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
ASIC ASIC
CySEC CySEC
FCA FCA
ASIC ASIC
Broker TypeECN/STPECN/DMAECN/STP
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, BondsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Energies
Forex Pairs5150+80+
Crypto Pairs455
Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 5 / 5
Trading Conditions 4.5 / 5 4.5 / 5 4.5 / 5
Trading Platforms 4 / 5 4.5 / 5 5 / 5
Deposit & Withdrawal 4.5 / 5 3 / 5 4 / 5
Education & Research 4.5 / 5 4 / 5 4.5 / 5
Assets Available 4.5 / 5 4 / 5 4.5 / 5
Customer Service 4.5 / 5 4 / 5 4 / 5
% Lose with this broker 72.83% of retail investor accounts lose money when trading CFDs with this provider of retail investor accounts lose money when trading CFDs with this provider 73.6% of retail investor accounts lose money when trading CFDs with this provider
Leverage1000:1500:1500:1
Spread0.0 pips0.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Auto (Standard)
  • HFCopy (Standard)
  • Islamic
  • Micro (Mini)
  • Premium (Standard)
  • Premium Pro (Vip)
  • Zero (Standard)
  • Platinum IRESS (Vip)
  • Premier IRESS (Vip)
  • RAW (Standard)
  • Standard (Standard)
  • Standard IRESS (Professional)
  • Razor (Standard)
  • Standard (Standard)
  • Swap-free
Swap-Free Accounts Yes Yes Yes
Trading Platforms MT4 MT4, MT5, IRESS MT4, MT5, cTrader
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay Bank Transfer, Visa, Mastercard, Paypal, Skrill, Neteller, Fasapay, BPay, paytrust88, POLi Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay
Trading Commission 6 USD / lot - Zero Account 6 USD / lot - RAW Accounts From 7 USD / lot - Razor Account

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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