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HotForex Review

FX Scouts By Jeffrey Cammack Updated: May 12, 2020
Overall Rating
4.49 / 5
Min. DepositUSD 5
Max. Leverage1000:1
Min. Spread0.0 pips
Regulators CySEC,FCA,FSCA,DFSA,FSC
Regulator Origin CySEC FCA FSCA DFSA FSC
Trading Desk Type

Summary

An ECN/STP broker regulated by multiple major authorities including the FCA and CySEC, HotForex has built a reputation among traders for its stable, fair, secure and transparent trading environment. Excellent educational and analytical material is available for both visitors and clients, and customer service is available 24/5 with all clients receiving a personal account manager.

Both MT4 and MT5 are supported and with both commission-free and zero-spread account on offer for low minimum deposits, HotForex will appeal to all traders. 

 

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Good
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 5
Base currenciesUSD, EUR, GBP, AUD
Number of FX Pairs51
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

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

Company Details

Company nameHF Markets (SV) Ltd
Founded2010
Website www.hotforex.com
Type Market Maker
Regulators CySEC,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.

  • Bengi says:

    Good broker with massive asssets to trade and fast payment. Recommded!

  • Jannat Zaheer says:

    Agreed to you! I trade EUR or GBP currently. Bitcoin is also lucrative but volatile too. So sticking with the currency pairs for now. Two years of trading experience with them. Highly recommended.

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    Islamic Account Yes Yes Yes
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    Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, VLOAD, 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 4.61 / 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
    Trading Desk Type
    Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, BondsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Energies
    Forex Pairs5160+80+
    Crypto Pairs455
    Pros
    • Low minimum deposit
    • Tight spreads
    • Well regulated
    • Good range of accounts
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    • Tight spreads
    • Good range of accounts
    • Great customer support
    • Well regulated
    • Tight spreads
    • Great platform choice
    • Wide range of assets
    Cons
    • Limited base currencies
    • Expensive withdrawals
    • High minimum deposit
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    Spread0.0 pips0.0 pips0.0 pips
    Hedging Yes Yes Yes
    Scalping Yes Yes Yes
    Account Types
    • Zero (Standard)
    • Standard IRESS (Professional)
    • Swap-free
    Islamic Account Yes Yes Yes
    Trading Platforms MT4, MT5 MT4, MT5, IRESS MT4, MT5, cTrader
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    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.

    Visit HotForex

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

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