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HotForex

Company HF Markets (Europe) Ltd
Website
Broker type STP
Minimum deposit 50 USD
Regulations FSC, SVGFSA, CySEC, FSB, MiFID, FCA, BaFin, CONSOB, ACP, CNMV, KNF, HFSA, AFM, Danish FSA, FI, CNB, CMVM, Národná Banka Slovenska, Finantsinspektsioon
Discount -

Average rating

View ratings
8.7
Total average

8.7/10

Credibility ( 8.9 )
No problems with withdrawals. No suspicious practices.
Customer Service ( 9.1 )
Contact with the support. Deposit/withdrawal process. Reliability.
Offer ( 8.3 )
Level of spreads and commissions. Product Range.
Platform ( 8.4 )
Ease of use, fast execution, reliability.

Description

With HotForex, you can start trading with a deposit as low as USD 50, using the leverage of up to 100:1. It is characterised by very low spreads starting from 0.0 (for EURUSD, depending on account). The broker also enables the use of platforms for mobile devices. Support is available 24 hours a day, 5 days a week, in more than 20 languages. In 2012, HotForex was chosen as the best online broker in Asia.

RevTeam

Specifications

Company HF Markets (Europe) Ltd
Website
Broker type STP
Leverage 1:400 (1:30 retail clients from EU)
Minimum deposit 50 USD
Negative balance protection Yes
Regulations FSC, SVGFSA, CySEC, FSB, MiFID, FCA, BaFin, CONSOB, ACP, CNMV, KNF, HFSA, AFM, Danish FSA, FI, CNB, CMVM, Národná Banka Slovenska, Finantsinspektsioon
Trading platforms MT4 Terminal for PC and MAC, MT4 MultiTerminal, HotForex iPhone Trader, HotForex iPad Trader, HotForex Droid Trader, HotForex WebTrader, HotForex MT4 Smartphone
Payments BankWire Transfer, Credit/Debit Cards, WebMoney, Skrill, Neteller, SofortBanking, Ideal, WesternUnion, Przelewy24, TrustPay
EUR/USD Spread from 0
Min lot 0.01
Country Cyprus
Established in 2010
Number of instruments -
Discount -

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HotForex - No warnings

HotForex - Reviews (7)

9.5
Partial ratings
Credibility:10
Customer Service:9
Platform:10
Offer:9

Excellent broker over all, great trading tool and very balanced. quick snappy withdrawals which i really like about them

Plusses
  • fast execution
  • fast withdrawals
  • trading tools
Minors
  • no US traders allowed
Posted on
6.5
Partial ratings
Credibility:5
Customer Service:8
Platform:6
Offer:7

Its a Market Maker broker! Moreover their spreads are quite high as I observed...

Plusses No plusses
Minors No minors
Posted on
10.0
Partial ratings
Credibility:10
Customer Service:10
Platform:10
Offer:10

Trading with them for one year so far with no issues or complaints as of now. Trading in my opinion is reasonable because i have not found anything strange to complaint about. The order execution is much easier on the MT4 platform. The spreads are also low while leverage can be used up to 1:1000 micro account and i like it. Deposits are through skrill or any other method but i mostly used skrill for both deposit and withdraw. They are good servicing provider according to my experience.

Plusses
  • MT4
  • Timely Withdraw
  • Instant Deposit
Minors
  • NA
  • NA
  • NA
Posted on
9.5
Partial ratings
Credibility:10
Customer Service:10
Platform:10
Offer:8

Trading with this broker for a year so far. Low spread, multi platform and mobile. Fast execution, VPS and variety assets, payment. Good service!

Plusses
  • Reputable > 10 years
  • wide range of assets
  • fast payment
Minors
  • Only MT4/MT5
  • acceptable spread on exotic assets
Posted on
9.5
Partial ratings
Credibility:10
Customer Service:9
Platform:10
Offer:9

this is based on a 3 year live trading account, premium with a mid sized starting balance. with the right strategy mostly scalping majors, I was able to maintain a small steady growth. the services offered by this broker are legit. pretty good and stable. active support. be sure to get verified before depositing anything, they are strict with documents.

Plusses
  • fast withdrawals
  • fast execution
  • manageable spreads
Minors No minors
Posted on
7.3
Partial ratings
Credibility:8
Customer Service:8
Platform:7
Offer:6

Hello my friends. Broker is generally OK. They can have lower trading costs. Moreover I had some problems with account verification and payment. It can be good for a start.

Plusses No plusses
Minors No minors
Posted on
8.5
Partial ratings
Credibility:9
Customer Service:10
Platform:6
Offer:9

I traded with this broker for 2 years but I had 2 weard situations with price. It hit my stop loss with long candle. When I checked price graph in other brokers platform it looked different. Fortunately they accepted my complaint.

Plusses No plusses
Minors No minors
Posted on

Submit your own review

No problems with withdrawals. No suspicious practices.
Contact with the support. Deposit/withdrawal process. Reliability.
Level of spreads and commissions. Product Range.
Ease of use, fast execution, reliability.

 

I confirm that this review was written based on my own experience and was not solicited in any way by any broker.

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