HotForex Review
HotForex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients.
Through its policy of providing the best possible trading conditions to its clients and allowing both scalpers and traders using expert advisors unrestricted access to its liquidity, HotForex has positioned itself as the forex broker of choice for traders worldwide.
Fully licensed and regulated by CySEC and the FSC, they offer various accounts types, trading software, and trading tools to facilitate individuals, fund managers, and institutional clients in trading forex and commodities.
With offices in Cyprus and Mauritius, and supported by global Customer Management Centers, HotForex offers an unparalleled trading experience with excellent multilingual support in an effort to provide its clients with every trading advantage possible.
HotForex is driven by their core values of Honesty, Openness and Transparency and this is reflected in all daily operations and management decisions.
With many years of active trading experience across multiple platforms and markets, the progressive and dynamic HotForex management team recognized that traditional web based forex brokers would be placed under increasing pressure due to their delays in executing trades, frequent system failures and poor overall customer service. As a result, HotForex aims to lead the way forward through the use of cutting edge technology, innovative systems solutions, low cost commissions and unrivalled customer service.
HotForex clients are of paramount importance, which is why everything we do is always with the goal of improving their overall trading experience. Our dedication to clients stems from our belief in offering a level of personal customer service that is second to none. The HotForex customer support team is comprised of industry professionals who are available around the clock 24/5 to help clients with anything they may need from initial registration to the withdrawal of trading profits.
Typical Spread on Majors
| EUR/USD | 1.2 |
| GBP/USD | 2.1 |
| USD/JPY | 1.6 |
- Company Info
| Headquarters | Ebene, Mauritius |
| Type of Broker | STP |
| Founded | 2010 |
| Regulated By | Regulated By FSC (Mauritius), CySEC (Cyprus), FSB (South Africa) |
| Offices In | Mauritius, Cyprus, United Kingdom, United Arab Emirates, South Africa |
| Supported Languages | Arabic, Bulgarian, Chinese, Czech, English, Farsi, Filipino, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Thai, Urdu, Vietnamese. |
| ESMA Regulation ? | This broker is regulated within the E.U and may be subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article |
- Account Details
| Account Currencies | EUR, USD, PLN, ZAR, NGN |
| Minimum Deposit | $5 |
| Traders from USA Allowed | No |
| Clients Funds Segregated | Yes |
| Interest on Margin | No |
| Islamic Accounts | Yes |
| Islamic Account Restrictions | Muslim Faith Only |
| ECN / STP Accounts Offered | No |
| Commission on STP or ECN | $5/100K (Currenex) per side, $3/100K per side (VIP account) |
| VIP Accounts Offered | No |
| Mini Accounts Offered | Yes |
| PAMM / MAM Solutions | Yes |
| API Solutions | Yes |
| Mobile Trading | Yes |
| Web Based Trading | Yes |
| Funding Methods | Credit/Debit Cards, Wire Transfer, WebMoney, Skrill, Neteller, fasapay |
| Withdrawal Methods | Credit/Debit Cards, Wire Transfer, WebMoney, Skrill, Neteller, fasapay |
- Platform Details
| Platforms Offered | MetaTrader 4, MetaTrader 5, MetaTrader 4 Mobile, MetaTrader 4 iPhone, MetaTrader 4 Android, MetaTrader 5 Android, MetaTrader 5 iOS, Webtrader, FIX API, Currenex |
| NO of Pairs | 47 |
| Cryptocurrency Trading | Yes |
| Pricing Digits | 5 |
| Trade off Charts | Yes |
| One-click Execution | Yes |
| Email Alerts | No |
| Mobile Alerts | Yes |
| Trading Server Time | GMT + 2 |
| Demo Account Expiry | Non-Expiring |
| VPS Offered | Yes |
| Free VPS Conditions | Minimum Account Balance $5000, Advanced VPS Minimum Account Balance $8000 |
- Trading Details
| Dealing Desk | No |
| Maximum Leverage | 1000:1 |
| Minimum Contract Size | 0.01 |
| Execution | Market Execution |
| Hedging | Yes |
| Scalping | Yes |
| Scalping Restrictions | No |
| Option of OCO | No |
| Option of FIFO | No |
| Negative Balance Protection | Yes |
- Additonal Instruments
| CFD's | Yes |
| Metals | Yes |
| Binary Options | Yes |
| Oil | Yes |
| Stocks | Yes |
| Indices | Yes |
HotForex Reviews
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