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HotForex
HotForex
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0 reviews

Leveraged trading carries a high level of risk.

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AtoZForex HotForex review intends to deliver complete product review as well as client feedback about CySEC regulated Forex broker HotForex.com. Do you have trading experience with HotForex?
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HotForex is a unified brand name of the HF Markets Group. The company offers various accounts types, trading platforms and tools. All with the aim to facilitate individuals and institutional customers to trade Forex and CFD's online. The company has won quite a few awards previously. The company operates mostly under their CySEC regulated entity as well as their Mauritius registration. The company thrives on with the motto of Honesty, Openness and Transparency.

Is HotForex a reliable Forex broker?

Based on AtoZForex Hotforex review, Hotforex started its business in 2010. Primarily the company started with their Mauritius registration as HF Markets Ltd with the Licence #C110008214 at Ebene House, 3rd floor, 33 Cybercity,Ebene, Mauritius.

In 2012 HF Markets (Europe) Ltd received their CySEC license of 183/12. The CySEC authorized entity operates from 50, Spirou Kyprianou Str, Irida 3 Tower - 10th Floor, CY-6057 Larnaca. Initially Hotforex mainly focused on countries with stable retail FX industry, starting with Asia. During its 7 years of operations there has been mostly positive referrals towards Hotforex. Among the most relevant awards Hotforex has received we can list Best Client Funds Protection award from Mena Dubai FX Show 2015, Best Forex Broker Western Europe IAIR Awards, Top 100 Companies award from World Finance Magazine and many more.

While testing HotForex AtoZForex approval, we have asked traders from various countries questions on“Is Hotforex a reliable Forex Broker?” or “Is Hotforex a scam forex broker”, we have also tested Hotforex withdrawal and deposit process. Throughout Hotforex review process we found Hotforex to be a reliable regulated FX and CFDs provider.

Hotforex regulation

While looking considering choosing HotForex traders will always the following questions: Is Hotforex a trusted Forex Broker? How reliable is Hotforex regulation?

Many new traders don’t know what to expect from their Forex broker. Traders often wonder what kind of fund security their brokers can offer.

HotForex CySEC regulation HF Markets (Europe) LTD MiFid Compliant HotForex CySEC licence number: 183/12
HotForex FCA (UK) registration FCA registration number of HotForex is 600473
HotForex BaFin (Germany) registration BaFin registration number of HotForex is 6057
HotForex South Africa Regulation In South Africa the local company is called HF Markets SA (PTY) Ltd HotForex FSB License number: 46632
HotForex St. Vincent & the Grenadine registration HF Markets (SV) Ltd Registration number: 22747 IBC 2015
HotForex Mauritius Regulation HF Markets Ltd HotForex FSC category 1 Global Business No. C110008214 License | Company Reg. No. 094286/GBL

HotForex Customer Care

At AtoZForex we believe that reliable Forex brokers must provide reliable Customer care. HotForex Customer care is available to answer your questions 24/5 in multiple languages. Whether you are a trader with $100 or $1 million account size you are entitled for a sound customer support. Traders can reach out to HotForex customer support via live chat, email, fax, phone and event skype in some special cases.

HotForex Broker Review - Pros

To finalize Hotforex broker review pros we could consider the following:
  • Experienced team in the market since 2008
  • Opportunity to trade small volumes
  • Despite offering bonuses, no negative client feedback (generally brokers with bonuses have negative reviews)
  • Reliable Customer support (they were able to answer our pressure tests within minuts)
  • Flexible leverage
  • Low minimum deposit requirement to open an account ($50)
  • Customer retention team
  • Low spreads starting (fixed and variable)
  • Opportunity to trade with mobile, tablet, windows PC, Linux PC and Apple MAC products
  • Vast number of trading products

HotForex Broker Review - Cons

Considering the aforementioned, there is not much of negative points we could count for HotForex. However, one point caught our attention that HotForex has too many referrers. While we were testing Hotforex, we also tested Hotforex IBs. They try their best to make you shift under their IB to get of course commission. This is the only negative point we can mention, but this is anyway applicable to every Forex broker.

HotForex review conclusion

To conclude HotForex review, we can say that HotForex is a reliable Forex broker. The company is operating in multiple jurisdictions. While many brokers focus on Big deposit traders, HotForex provides good value service to traders with even $50 deposit. HotForex received 89 out of 100 points on AtoZ Forex approval test.
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Broker Information
HotForex
www.hotforex.com
Cyprus
Larnaca
2010
Cyprus
CySEC, FSB, FSC
DMA
English, French, Italian, Czech, Polish, Spanish, German, Greek, Filipino, Malay, Indonesian, Chinese, Farsi, Japanese, Turkish, Romanian, Russian, Thai, Hungarian, Bulgarian, Urdu, Vietnamese, Arabic, Hindi
No
Telephone, Fax, Email, Mail, SMS, Live Chat, Call back request
N/A
24/5
No
No
USA, Canada, Belgium, Iran, Sudan, Syria, North Korea
Afghanistan, Albania, Algeria, Andorra, Angola, Antigua and Barbuda, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Central African Republic, Chad, Chile, China, Colombia, Comoros, Congo, Costa Rica, Cote d'Ivoire, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Fiji, Finland, France, Gabon, Gambia, Georgia, Germany, Ghana, Greece, Grenada, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Mauritania, Mauritius, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Morocco, Mozambique, Myanmar (Burma), Namibia, Nauru, Nepal, Netherlands, New Zealand, Nicaragua, Niger, Nigeria, Norway, Oman, Pakistan, Palau, Palestine, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Rwanda, St. Kitts and Nevis, St. Lucia, St. Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Korea, South Sudan, Spain, Sri Lanka, Suriname, Swaziland, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Tuvalu, Uganda, Ukraine, UAE, UK, Uruguay, Uzbekistan, Vanuatu, Vatican City, Venezuela, Vietnam, Zambia, Zimbabwe
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Trading Information
MT4 , mt4 web, iphone traders, ipad trader, android, windows
GMT+3
No, only for VIP and Zero Account Types
Variable
0.0 < 1.0
0.0 < 1.0
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
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Account Advantage
PAMM
No
Yes
Yes
Yes to Islamic clients only
Credit Bonus, Tradable Bonus, Withdrawable Bonus
Live account, Demo Account, Affiliate, IB
Yes
Yes - Funded trader accounts only
Yes - Funded trader accounts only
Yes
Yes
Yes
Yes
Yes
Yes
Yes
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Account Information
Below $2,500
Below $,2500
Below $20,000
1:1000
10%
0,01
80
4 digit
EUR, USD
AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD,EURCAD,EURCHF,EURDKK,EURGBP,EURHUF,EURJPY,EURNOK ,EURNZD,EURPLN,EURRON ,EURUSD,EURZAR,GBPAUD,GBPCAD,GBPCHF,GBPJPY,GBPNZD, GBPUSD, ,USDCZK, USDDKK , USDHKD, USDHUF,USDJPY, USDMXN, USDNOK ,USDPLN,USDRON ,USDRUB, USDSEK, USDSGD, USDTRY,USDZAR,ZARJPY
S&P 500, FTSE100,
Cocoa, Coffee, Copper, Cotton Palladium, Platinum, Sugar
more than 50
Yes
Bank Wire, Credit Card, Neteller, HF Mastercard, Webmoney, Skrill, Sofort, TrustPay, Qiwi, Ideal, Przelewy
Bank Wire, Credit Card, Neteller, HF Mastercard, Webmoney, Skrill, Sofort, TrustPay, Qiwi, Ideal, Przelewy
COMPARE WITH ANOTHER BROKER
CONTACT US
Contact us directly for further inquiries about our products and services.
Is HotForex a scam? YES NO
HotForex is a Reliable Forex Broker 1
HotForex is a scam Forex Broker 0
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