HotForex review

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this review we compared HotForex with competition based on ⏩ fees, spreads, offer of trading assets and experience of traders. HotForex legally operates in the European Union and United Kingdom thanks to CySec, FCA, FSA, DFSA and FSCA licenses.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from HotForex review

About the broker

Web:hotforex.com
Readers' rating0 Votes
0
License:CySec FCA FSA DFSA FSCA
Supported languages:English, Spanish and Portuguese
Year of foundation:2010
Holder: HF Markets Ltd
Headquarters:Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, Saint Vincent And Grenadines
Methods of contacting customer support:E-mail, phone
Contact:support@hotforex.com +44-2033185978
Deposit methods:Bank transfer, VISA, MasterCard, Maestro, Skrill
Withdrawal methods:Bank transfer, VISA, MasterCard, Maestro, Skrill

About trading with HotForex

Minimum deposit:5 USD
Min. trade:0.01
Maximum leverage:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions.

1:1000
Spreads:Look at the spread table - spread on the currency pair EUR/USD is 1.2 pips * on a standard account type
Underlying assets:
Might be a CFD.
Forex (45), commodities, cryptocurrencies (5)
Mobile app: Yes
MetaTrader 4:Yes
Other trading platforms:WebTrader
Social trading:No

Spreads & fees

Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at HotForex, of course you can find current info on their website hotforex.com.

Spreads at HotForex on standard account*

EUR/USDGBP/USDUSD/JPYEUR/GBPUSD/CHFEUR/JPY
1.21.81.7

* Spread was taken 17.01.2020 at 21:21 from the web or trading platform of HotForex.

Random reviews of competing CFD brokers: TemplerFx, AlfaFinancials, ArgusFX and BrokerXP

The broker has not yet been rated by the visitors of the website. Write a review.

Frequently Asked Questions

🧐 Is HotForex a scam?

We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if HotForex is a scam or not.

🆓 How to open a free demo account?

Opening a demo account with HotForex is very simple, just register on their website.

📱 Does HotForex offer the best mobile app for trading?

HotForex offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.

We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the HotForex mobile app.

⚖️ Would you recommend me HotForex?

HotForex is one of tens (possibly hundreds) of brokers operating in the European Union and United Kingdom, and that's why it makes no sense to choose HotForex as a broker where you trade before you compare it with competitors.

Is this an ad?

We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.

BrokerEnglishMin. depositSpread EUR/USD*PlatformsLicense
Readers' rating138 Votes
80
0 0.9 pips
Spread was taken 17.01.2020 at 21:19 from the web or trading platform of XTB.
In-house built platformFCA CySecxtb.comreview EUR/USD*: 0.9 pips
Spread was taken 17.01.2020 at 21:19 from the web or trading platform of XTB.
Readers' rating96 Votes
79
100 USD 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
In-house built platformCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
Readers' rating46 Votes
75
200 USD 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
In-house built platformFCA CySecetoro.comreview EUR/USD*: 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.

* The spread is variable for most brokers and changes depending on market volatility.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by IQ Option - 84% of retail CFD accounts lose money - advertising partner.

Selecting an unsuitable broker can put even a great trader at a loss.

That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.

If you have any experience with HotForex, please share it in the comments to help others to choose the suitable broker.

HotForex review & user ratings

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