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| 7.4/10 (31 qualified reviews) | |
|---|---|
| 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 |
| Currency pairs | Show currency pairsHide |
| 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 | ||||||||||
| 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) |
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77 reviews of HotForex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
I would like to share my experiences here with hotforex, Before 16 months I was looking for good Job and that time I searched on google that what is best way to earn money online, I found that Forex is one of the best way to earn money online so I researched about good forex brokers for Asian, I came to know that there are two famous broker out there one is Insta forex and one is Hotforex. I opened demo account with both brokers and after 1 months with demo I learned how to trading and also I learned lots of from google search and forex training video I was confused that from which broker I have to go with live because I found both broker great for Asian and I received one email from Hotforex that they won Best online broker award so I decided to go with them, I started with micro account and I got good result from them, first month I was lost about $50 but it was from my mistake and I keep learning about how to trading in forex, after 2 months I got $150 as benefits and after 5 months I decided to open premium account with them. currently I have premium account with them and I`m very happy with my trading, spreads are very good and withdrawal also great. Right now my monthly income is around $700 to $1000 usd from my premium account. I`m very happy with them and according to me they are best brokers. I would like to give them 5 star.
Thanks
Riaz
The execution is good, quiet stable for my scalping, spreads are tight during the London and NY sessions, it can widen during low liquidity and Monday opening, Im not much of a fan of support so I don’t talk to them much. There are plenty of room to improve, but for now im satisfied with their services.
Hotforex is my first online broker, I come from trading local Indian stock, and one friend say I should try forex, but I think forex is not allowed in india, but many Indians trade in forex, so I joined hotforex, I am really happy I got my first money from them to my bank, thank you. Hotforex is good broker. Sorry my English is not good.
One thing I like about this broker is their support, I have been trading with them for 14 months, and I have a feeling that people there already know me coz of all the questions that I had, as a trader we all have our doubts, and we tend to ask, I want to commend them for baring with me and doing a good job, over all this broker is good, execution wise is fast and convenient, never had issues with withdrawals nor deposits, I can’t comment much about bonuses for I have not tried any yet.
Hotforex have good spreads specially on majors EURUSD, its low most of the time between 1.5 -2.2 pips which is excellent for an STP broker, their execution is acceptable, it’s still considered fast, I have been trading with them for almost half a year mostly doing scalping, I have no problem with withdrawals. Hotforex is a good broker and easy to work. I have plans to try out their currnex account in a month or so and see what happens, I will try to update my review then. Best wishes.
I am 2 year loseing experiance with Hotforex. After two year my openion this broker is against clients.I trade Forex, Cofee and Index. once I buy Dax Inex bid and ask diffrince 25$US mean I lose 25$ when buying the instrument. I am also trade Cofee.The price of micro cofee lot 5$ US but some time you buy Cofee micro lot bid and Ask diffrince 136 bid price 141 ask mean time of sealing or buying you lose 40$ just click and if you have 50$ in your account your account delete just one click. They are not responcible clients complands I am soure Hotforex regulated Authority also scam.
Today I just received my latest withdrawal from hotforex, and with this withdrawal I already got my return of investment. I started with this broker 7 months ago with a total investment of 2000 dollars or so, at first I was skeptic,
- I do a mix of position trading and scalping on EURJPY, execution is great, and personally I think the spreads are acceptable.
- No issues with withdrawals at all, I’ve only made a total of 5 withdrawals in 7 months.
- I only contacted support a couple of time with verification issues they were really nice.
Hotforex Is a good broker, and the best part of it is I got my investment back and still have enough to trade with.
This broker is a bait and switch/hunt/DESTROY bucket shop.
They entice you with 50-100% Bonus Schemes only to bet against you and then hinder your trades and "slip" them to create massive losses out of your profitable closes.
They are NOT ECN/STP: they are Market Makers, Stop Loss Hunters who will cite Bonus Terms to trump their normal margin stop out at 20% to protect your account terms.
CURSE & BOYCOTT THESE DEVILS and let all know about them!!
At the start everything seemed to be fine with this broker until i noticed they started to hold my orders. I then went to withdraw all funds and received a call from David at sales to keep my money in.
Next day they slipped my order $3,000... Market was moving sideways, there was no volatility and I have sreenshots and market data to prove they did this on purpose. HotForex wont send me tick data from their side.
If you want to withdraw, take your money out and dont let the sales guy make you keep it in.
good broker with good investment. They also have a micro account with good leverage. For more that a year, I have found no problem with them. Fast withdrawal to LR or MB or even Webmoney.
Can anybody say about 'client agreement'?.I have live accounts with 3 brokers.hotforex one of them.when i download the 'client agreement pdf' ,i can't see my name ,a/c statistics,etc.these pdfs have only their general client agreement.but they regularly send 'daily a/c confirmation'by email.Is this enough for believe them? you please share your comments....
Easy broker for a newbie like myself, fast deposit, easy trading system
I have read once about a liberty reserve issue with this broker, which had me a bit concerned, I have my live account with this broker for a couple of months now and with my trading there was no real issue what so ever, at first I thought things were too good to be true until I withdraw my money via Liberty Reserve and I did get my earning which I was very relieved. After further research I decided to use other means of money transfer which was a bit of a hassle but everything is fine now, this broker is very good and really considerate given that they prioritize their clients.
I joined this broker few months ago when I was looking for a broker that I can trade with my style scalping. They have good spreads on major pairs. Some senior traders in my Forex local forum had given some positive feedbacks about this broker.
Moreover, their payment process is very fast. You could see you money in your pocket after 3-4 days.
Also I like their website, it looks professional. even the person who call me was very nice.
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I am a PAMM Manager with HotForex. I really do believe in quality customer service and execution, and a honest broker is the best asset for a Money Manager. I have recommended clients to HotForex and all of them have really good experience about them. The Best part is their customer service, execution and really cool offers.