Follow Us

hotforex_secured_fundsHotforex Review

HotForex is a fully regulated ((licensed under the name HF Markets Ltd.) forex broker. They are headquartered in Mauritius and supported by the worldwide Customer Management Centre.

The broker offers excellent trading conditions combined with multilingual support in German, Spanish, Italian, French, Malay, Bengali, Bulgarian, Russian, Arabic, Persian, Indonesian, Japanese, Chinese, Polish, Portuguese, Greek, Thai, and English

It is an ECN Forex broker that offers a wider choice of currency compared to the majority of the common ECN brokers. This includes exotic currencies such as South African Rand or Polish Zloty.

Demo Accounts

HotForex offers two types of demo accounts. The first one simulates a regular account with 1:500 leverage and spreads starting from 1 pip. This account has no expiry date and you can open additional demo accounts straight from the MetaTrader 4 platform.

The DemoCurrenex is the a demo scalping account of HotForex. Here the traders can finesse their scalping techniques with spreads starting from 0.2. This account is supported by a free trial of the MYFX platform

Live Accounts:

Micro Account

Recommended for beginner traders.

  • Minimum deposit – 5 USD
  • Spread - from 1 pip
  • Max leverage - 1:1000
  • Minimum opening deposit - $5
  • Minimum trade size - 0.01 lots
  • Maximum total trade size: - 5 standard lots
  • Telephone trading - yes
  • Commission: No

Premium Account

Recommended from experienced traders that feel confident to trade with up to 60 lots.

  • Minimum deposit – 500 USD
  • Spread from 1 pip
  • Max leverage - 1:400
  • Minimum trade size - 0.01 lots
  • Maximum total trade size: - 60 standard lots
  • Telephone trading - yes
  • MYFX platform – Free for deposits over 2000 USD
  • Commission: No

VIP Forex Account

  • Minimum deposit – 40 000 USD
  • Spread from 0.2 pips
  • Max leverage - 1:300
  • Minimum trade size - 0.5 lots
  • Maximum total trade size: - No limit
  • Telephone trading - yes
  • MYFX platform – Free
  • Commission: $3 per 100,000 USD Traded ($6 round-turn)
  • Agent commission – no commission

Islamic Forex Account

There are two types swap free Islamic accounts similar to the Micro or the Premium account

  • Minimum deposit – 150 USD
  • Spread from 1 pip
  • Max leverage - 1:400
  • Minimum opening deposit - 150USD
  • Minimum trade size - 0.01 lots
  • Maximum total trade size: - 60 standard lots
  • MYFX platform – Free for deposits over 2000 USD
  • Commission: No

Currenex Account

This is HotForex’s scalping account.

  • Minimum deposit – 500 USD
  • Spread from 0.2 pips
  • Commission - 5 USD per 100 000 units traded
  • Max leverage - 1:300
  • Minimum opening deposit - 500USD
  • Minimum trade size - 0.01 lots
  • Trading instruments – 41 pairs, Metals, Oils and Indices
  • Maximum total trade size: - 60 standard lots
  • MYFX platform – Free for deposits over 2000 USD

Zero Spread Account

  • Minimum deposit – 100 USD
  • Spread from 0.0 pips
  • Commission - $4 per 100,000 traded ($8 round-turn) on Majors
  • Max leverage - 1:200
  • Minimum opening deposit - $100
  • Minimum trade size - 0.01 lots
  • Trading instruments – 41 pairs, Metals, Oils and Indices
  • Maximum total trade size: - unlimited
  • MYFX platform – Free for deposits over 2000 USD

PAMM Account System

A special HotForex account system, designed for investors. With this account the investor selects one or multiple managers to follow. When the manager opens an order, the PAMM system opens the same order with your account. Still the investor has full control over the funds. The investor can communicate or switch between the managers.

Platforms

The following platforms are available.

  • MetaTrader 4 – the best trading software in the world.
  • WebTrader – a flash-based, browser-based trading platform.
  • HotDruid, Hot iPhone, Hot iPad and Blackberry Trader – mobile trading platforms for Android, iOS and Blackberry.
  • Smartphone Mobile Trader – mobile trading platform for mobile devices on MS Windows Mobile 2003 SE and Windows Mobile 5.0 or better.

With one master account ID and password that you should use to log in every platform:

Bonus

HotForex features a variety of bonuses and contests. After the registration you are eligible to the following bonuses:

  • 50% Withdraw Bonus – If you choose this bonus, you will receive 50% of your initial deposit instantly. You cannot receive more than 5000 USD (3500 EUR). With multiple accounts, the bonus cannot be greater than 15 000 USD (10 500 EUR). if you want to withdraw your bonus, you must have traded an equal amount of lots.
  • 15% Rescue Bonus – If you choose this bonus, you will instantly receive 15% of your initial deposit. The maximum amount you can receive is 5000 USD and there are no strings attached.

Payments

HotForex offers three major ways to deposit and withdrawal funds.

  • Wire Transfer - Barclays Bank.
  • Credit Cards – All major credit cards; Allied Wallet.
  • Online payment - WebMoney, Liberty Reserve, Skrill (Moneybookers), Perfect Money, CashU, Neteller.

 

 

open_demo_account

Info HotForex

Broker:  HotForex 

Established:  2010

Regulation: FSC,Mauritius 

US Traders: no 

Demo Accounts: yes

Mini Accounts: yes

Islamic Accounts: yes

Managed Accounts: yes

Min Deposit:  $5

Payment Methods: Moneybookers, Credit Card, Neteller, WebMoney, Wire Transfer
Platform : MetaTrader 4, WebTrader, Mobile

Currency Pairs: 42

Max Leverage:1:500

Lowest Spread: 1

Commisions: no

Instruments: forex, indices, cfds, commodities

Languages: English, French, Spanish, Russian, Japanese, Chinese, Thai,  Italian, German

Email : support@hotforex.com

Phone :
United Kingdom +44-2033185978,
Sweden +46-852500680,
Spain +34-931845604,
Russia +8-800-100-6322,
China 4001-200742,
Japan 0120-952-592,
Thailand 001-800-13-203-9978,
Norway +47-21037281,
Germany 0800-182-2677,
Brazil +55-2139581441

Online Support: yes

Register here

Market News