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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
7.9
Total average

7.9/10

Credibility ( 8.5 )
No problems with withdrawals. No suspicious practices.
Customer Service ( 9 )
Contact with the support. Deposit/withdrawal process. Reliability.
Offer ( 7.5 )
Level of spreads and commissions. Bonuses, competitions.
Platform ( 6.5 )
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 1:100 (depends on clients' appropriateness assessment process)
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 - Reviews (2)

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. Bonuses, competitions.
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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