HotForex Review

HotForex at a glance:

Regulation : Yes (CySEC, FCA, FSCA)
Minimum Deposit : $50 (Micro Account)

Demo Account : Yes
USA : No
Mobile : Yes

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

 

HotForex

General Overview

HotForex brand was established in 2010 and they have now over 200 employees and they support 27 languages. There have been over 500,000 live accounts opened on HotForex.

HotForex has seven different account types to select from. The differences between these accounts are mostly the minimum deposit amount, spreads, leverage, and max simultaneous open orders. The accounts are Micro, Premium, Zero, VIP, Auto, HFCopy, and Premium Pro. HotForex offers a great account comparison tool on their website which helps you to see all the differences between selected account types.

HotForex offers its clients education. The education center has forex trading webinars, over 20 tutorial videos, over 30 recorded forex videos tailored to trading and daily market analysis. They also offer forex education.

HotForex is also a socially responsible company and it aids Red Cross, SOS Children’s Village, Rotary International, Unicef and Sophia foundation for children.

Assets Coverage

HotForex helps you to diversify your portfolio as it offers its clients to trade over 150 products. These products include forex, metals, cryptocurrencies, indices, shares, energies, commodities, and bonds.

Types of Platforms

The Hotforex trading platform is the MetaTrader 4 which can be used with Windows and Mac computers, and also with iOS and Android mobile devices. They also offer MT 4 Web Terminal and MT 4 Multiterminal.

Bonus & Promotions

HotForex has their own merchandise which their loyal traders and partners can receive as rewards. They do not sell this merchandise. HotForex also has their own HF Mastercard. The card is connected to your trading account and you can withdraw trading profits to it. It can be used in anywhere the Mastercard logo is displayed, you can use it to make purchases online and in shops or to withdraw funds from ATMs all over the world.

Deposits and Withdrawals

You can deposit funds to your HotForex account easily with a wire transfer, credit cards like Maestro, Mastercard, Visa and Visa Electron or online payment options like Neteller and Skrill. The minimum deposit amount is $50, except with wire transfer it’s $250. You can withdraw your funds from your account with the same methods that you can use for deposits.

Customer Service

Customer service is available 24/5 and it can be contacted via the contact form, email, phone and live chat. Email support is available in English, Polish and Spanish. The HotForex FAQ has also a lot of useful information related to trading with them.

Safety & Security

HotForex is regulated by CySEC and by many European authorities. On top of the regulations, HotForex has made further efforts by taking a market leading insurance. The client funds are kept in segregated bank accounts in major banks. HotForex also offers negative balance protection.

Awards

Over the years, HotForex has been privileged to receive numerous titles from some of the forex industry’s most respected awarding bodies. Below is a list of the newest awards, the full list is available at HotForex’s website.

  • The Bizz 2017 Peak of Success
  • Top 100 Companies
  • Best New Forex Broker South Africa 2016
  • Best Forex News & Analysis Provider 2016
  • Best Forex Broker Middle East 2016
  • Best Customer Service 2015

Verdict

HotForex is a broker that offers great trading services and education to its clients. They offer six different account types to select from so if you are an experienced trader or someone who is just beginning their trading, you will be able to find the right account for your purposes. Deposits and withdraws are easy to do and the trading platforms are available to many different devices. You can trade over 150 products safely as HotForex is a regulated broker. If you are looking for a broker that is offering a lot of services reliably, then HotForex is probably the one for you.

 

Start Trading with HotForex

 

 

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”