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: | https://hotforex.com |
| 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: |  |
| MetaTrader 4: | |
| Other trading platforms: | WebTrader |
| Social trading: |  |
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 https://hotforex.com.
Spreads at HotForex on standard account*
| EUR/USD | GBP/USD | USD/JPY | EUR/GBP | USD/CHF | EUR/JPY |
|---|---|---|---|---|---|
| 1.2 | 1.8 | 1.7 |
* Spread was taken 17.01.2020 at 21:21 from the web or trading platform of HotForex.
Random reviews of competing CFD brokers: Global Prime, MaximusFX, BullsEyeMarkets and CIBFX
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, United Kingdom and South Africa, and that's why it makes no sense to choose HotForex as a broker where you trade before you compare it with competitors.
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.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 | | 100 USD | 1.0 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of XTB. 74% of retail investor accounts lose money when trading CFDs with this provider |
 | | 100 USD | 0.8 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Plus500. 80% of retail investor accounts lose money when trading CFDs with this provider |
* 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 Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
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.
Trading here satisfies me
HotForex is a type of broker which offers EVERYTHING!
Yeah, yeah, you didn’t mishear, everything! It took solid amount of time to me to estimate all conditions and I made this conclusion strictly after researching and a bit of practice.
I believe I will definitely continue trading here as it brings me lots of pleasure.