US traders Bonus offers Free education Personal manager PAMM accounts MAM accounts Segregated accounts Affiliate program Islamic accounts availableSee HotForex reviews
| 4.9/10 (1747 votes) | |
|---|---|
| Company | HF Markets Ltd. |
| Founded in | 2007 |
| Online since | 2010 |
| Offices in | Mauritius |
| Payment options | Show payment optionsHide |
| Demo platforms |
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| Account currencies | Euro United States dollar |
| Website available in | Show website languagesHide |
| Support available in | Show support languagesHide |
| Support methods | Email Live chat Phone Web form |
| Trading server time zone | GMT+1 |
| Conditions for VIP traders | Smaller commissions with tight spreads. |
| Minimum account size | $1 | ||||||||||
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| Minimum position size | 0.01 lot | ||||||||||
| Spread type | Variable | ||||||||||
| Typical spread on EUR/USD, pips | 1.5 | ||||||||||
| Minimum spread on EUR/USD, pips | 1.3 | ||||||||||
| Scalping | Allowed | ||||||||||
| Expert advisors | Allowed | ||||||||||
| Trading instruments |
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| Trading platforms | MetaTrader 4 MT4 Web Trader (XOGEE) MT4 Mobile (XOGEE) |
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| Digits after the dot in quotes | 5 | ||||||||||
| Margin call level | 40% | ||||||||||
| Stop-out level | 10% | ||||||||||
| Minimum distance to stop/limit orders, pips | 3 | ||||||||||
| Number of currency pairs (of which exotic) | 42 (20) |
Hedging Overnight interest rates (swaps) Trailing stop Pending orders One-click trading Mobile trading Browser-based platform Automated tradingOpen demo account with HotForex.
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52 reviews of HotForex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
I used to trade with 2 main brokers since a year and I must say that Hotforex impressed me more in the last semester, if to ignore the rare disconnection we can say that this broker is pretty decent, I could trade with them comfortably as they had many different platforms, and being able to use my iPad to trade with most of the features I need since the beginning of this year was really cool, I enjoyed it really, and one thing I must mention with the conclusion of this review is that they have got a remarkable costumer support, I had an issue with withdrawal, I went to try their live chat support, I the issue were solved in 5 minutes.
Hotforex was introduced by a friend whom is a private trader. The company seems to be very professional as they teaches patiently and guided me though out when I ask for assistance. As for trading platforms, Hotforex is one of the best as to my knowledge. Instant execution to all payment and withdrawals. Great support extended and best service provided whenever required .Quick response any of the query. Highly recommended!
This broker is regularly hunting your stops by spikes that just kiss them, there is only one likely explanation: They really are a bucketshop !!! Don’t involve with them !!! You deserve better !!!
I am using moneybookers to deposit and withdraw money, the processing speed is quick and I can transfer the money to my local bank account efficiently.
I am using the iPad/iPhone app too, it's very convenient and works better than sitting at home watching the PC screen.
The spread is ok, and I had used therir currenex account, sometimes the spreads there is extremly low, almost close to zero.
The customer support helped a lot when I get stuck with the app usage, etc. they are quick to reply my email and I would say the service is good.
So far i am very pleased with this brokerage
Hotforex is the best broker I've been used in my past 3 forex trading life.
the customer support team are really nice and helpful, making me feel like home in the lonely trading. the platform is stable compared with others, I happened to get some small issues and the help tickets were handled very quickly and it's effective.
Nothing bad with the speed of deposit and withdraw. I believe I will stay with Hotforex in a long run if I can not find a better one.
Hotforex SCAM (with live proof) - Please send this broker to scam list
Here is the myfxbook statement
http://www.myfxbook.com/members/oliveruk/hotforexscam/255865
Here is the mt4 terminal snapshot
http://dl.dropbox.com/u/3526907/review/hotforx_scam.png
I deposited $178 and made around $1157 profit in 2 weeks.
While paying out time hotforex simply denied to give me any profit.
They have corrected the balance (excluded the whole account profit) by showing a fake withdrawal.
Hotforex has threaten me that they will block my initial deposit as well.
I was using a 100% scalping robot.
While withdrawal time they denied to pay me out.
The issue is still unresolved.
I trade hotforex a few expert advisers. I like it because of this:
1. Spread - good.
2. Support - good.
3. Islamic account - good.
4. Deposit - good.
Mr. Dominic a very helpful person in their office helping a lot everytime I have problem. Also the guys from support John and Diego are real nice.
It was not so easy for me to find a broker to feel comfortable with in my 4 years forex trading.With hotforex I feel safe since they respect my deals and my money. Slippage is much lower than other brokers and their customer service is quick and really can help to solve problems. I'd been with them for about one year and the platform is strong and stable. My 3 withdrawals are good experiences while it took me 6,3,12 hours respectively, i think it's quick, and there might be some time zone difference reason. I would like to recommend it.
Trader since 2008 I dont consider myself as experienced as many traders out there but I have tried many brokers for now about 6 or 7 some of them just demo accounts to play a bit and check out if they are good, I directly noticed that hotforex have got most of the features and caratrestics that I need and also they are really a respectable company in the filed of customer support and all of that, to say all the truth at first I have read some negative reviews about them and there was some comments about how they deal with the Russian speaking clients and there is not enough support for them and I did not really trust the manual withdrawal but then after using them for some months I have just found out that its the best way and most secure, in addition time to time they have a really amazing low spreads .. if you follow up the market well you can make very profitable trades.
Hot Forex is one of the best Broker that I have seen in my Forex trading so far I like the fact that the broker is large and regulated. What makes them really stand out for me is their excellent customer support and lightning fast wire transfers.
First of all, They will call your mobile, I think they will call you to know you well to determine when they are going to rob you.
I started trading with $310 deposit and got $155 bonus
After that when I lost my $310 then my bonus was cancelled by showing a withdraw
Instaforex, Alpari NZ, Fxdd these brokers will not cancel your bonus even you losses your initial deposit until you hit $0.0 balance
Check the following pic
http://dl.dropbox.com/u/3526907/review/hotforex_review.png
Their deposit/withdrawal everything is manual and LR deposit is anonymous, anonymous means anonymous, you can lost your deposit while depositing.
Daily from 0 am (gmt+0) to 6 am you will not find anyone in fx days except the support (one guy has 6 names I think including woman) and no deposit will be counted in that time
Excellent STP brokers for new traders (who are ignorant of fx brokers)
I used to trade with many brokers and it’s my second month trading with Hotforex. During this period everything seems perfect . My Forex adventure has taken me all around so many brokers but Hotforex is the best.They are really professional. Deposit-Withdrawal, stop-loss, spreads all are good According to me Hotforex is the leader of all brokers I am really happy with them till now.
I started to trade with hotfrex since October it was tough when I started because of disconnection issues, I admit they have solved them pretty fast and they were responsive when ever I contacted the support team, they even called me back to explain, however things got much better at the end of the year and I could trade without any trouble having the faster execution possible and also no problem with withdrawals, all in all a respectable company so far.
A reliable broker is hard to find now a days, I almost lost faith in brokers last year (2011), every time I transferred to a new broker and just when things are doing perfect there is always an issue, disconnections, or problems withdrawing, executions and even tampering with my orders on the platforms. I’m not saying I lost hope, though honestly in all three months trading with hotforex, things have been getting better, there were server issues but its was not a big deal, this year have been my best year so far though its still early to tell, I do really hope hotforex stays on this good to better track and I will stick with them, I’m quite satisfied so far with this broker.
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I have been trading with hotforex since a while not so long ago, and I must say its my first broker, I have not tried any other one before to compare or judge this company well, but I can say that they deserve my total respect, I have had a technical issue because of my mistakes and I had lost some money, but after a quick love chat with their customer support I got an immediate refund, I really felt that I am dealing with a company that does not care only for its profits and it gives importance to the client.