7.7/10
(66 qualified reviews)
US Traders
  • Bonus offers
  • Trading contests
  • Free education
  • Personal manager
  • Trading by telephone
  • PAMM accounts
  • Segregated accounts
  • Managed accounts
  • Affiliate program
  • Islamic accounts available
  • Company HF Markets Ltd.
  • Founded in 2010
  • Offices in
    • Cyprus
    • Mauritius
    • Poland
  • Payment options
    Show payment options Hide payment options
  • Demo platforms
    • MetaTrader 4 (Limited with 30 days)
  • Account currencies
    • Euro
    • Polish złoty
    • United States dollar
  • Currency pairs
    Show currency pairs Hide currency pairs
  • Regulated by
    • CySEC, 183/12
  • Website available in
    Show website languages Hide website languages
  • Support available in
    Show support languages Hide support languages
  • Support methods
    • Email
    • Live chat
    • Phone
  • Trading server time zone GMT+2
  • VPS for traders Free for deposits greater than $5,000.
  • Conditions for VIP traders Smaller commissions with tight spreads.
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $50
  • Maximum account size $500,000
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 1.4
  • Minimum spread on EUR/USD, pips 1
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:1000
    • Gold & silver1:100
    • CFD1:100
    • Oil1:100
    • Soft commodities1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 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 (7)
  • History
    Show history Hide history
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $500
  • Maximum account size $6,000,000
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 1.4
  • Minimum spread on EUR/USD, pips 1
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:400
    • Gold & silver1:100
    • CFD1:100
    • Oil1:100
    • Soft commodities1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 20%
  • Minimum distance to stop/limit orders, pips 3
  • Number of currency pairs (of which exotic) 42 (7)
  • History
    Show history Hide history
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $500
  • Maximum account size $6,000,000
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.4
  • Minimum spread on EUR/USD, pips 0.2
  • Commission (one-way) per 1 std. lot $5
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:400
    • Gold & silver1:100
    • CFD1:100
    • Soft commodities1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 20%
  • Minimum distance to stop/limit orders, pips 3
  • Number of currency pairs (of which exotic) 47 (7)
  • History
    Show history Hide history
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $20,000
  • Minimum position size 0.1 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.6
  • Minimum spread on EUR/USD, pips 0.2
  • Commission (one-way) per 1 std. lot $6
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:300
    • Gold & silver1:100
    • CFD1:100
    • Oil1:100
    • Soft commodities1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 20%
  • Minimum distance to stop/limit orders, pips 3
  • Number of currency pairs (of which exotic) 47 (7)
  • History
    Show history Hide history
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $150
  • 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
    • Forex1:100
    • Gold & silver1:100
    • CFD1:100
    • Oil1:100
    • Soft commodities1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 20%
  • Minimum distance to stop/limit orders, pips 3
  • Number of currency pairs (of which exotic) 40 (20)
  • History
    Show history Hide history
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $100
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.2
  • Minimum spread on EUR/USD, pips 0
  • Commission (one-way) per 1 std. lot $8
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:200
    • Gold & silver1:100
    • CFD1:100
    • Oil1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 20%
  • Minimum distance to stop/limit orders, pips 3
  • Number of currency pairs (of which exotic) 47 (7)
  • History
    Show history Hide history
View contract specifications

Reviews

132 reviews of HotForex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

, Portugal.

Market-Maker Broker with pluggins Anti-Scalper, slow down trades with 2 or 3 seconds.

There is a conflict of interest.

, Moscow.

Great broker to trade with, nice narrow spreads, fast platform, courteous support. Still struggle to make forex trading my stable source of income, for now results are not quite consistent. They've created perfect multi-stage environment for complete rookies to start safely from very basic knowledge and then gradually develop it into advanced levels.

Cons: Don't support credit card withdrawals. You can withdraw to card original deposit, rest should be cashed out through Skrill, Webmoney or similar payment processors.

, Pakistan .

Trading with this broker since three years so far. The execution of orders is good with no requotes and I have experienced that the servers executive Tp and Sl without any error.

I can safely say that I haven't found anything bad about them to complain.

, Pakistan.

Tight spread, especially on Cable. This broker is suitable with news trading, I have traded news as nfp and fed but this broker close my positions at my stop loss while previous broker took more than my stop loss level > 40 pips. Fast payment within 24 hours and the support is responsive. Recommended!

, Vietnam.

The zero spread account is good, I get 4usd pero round on eurusd which in my opinion is very acceptable. Over all the execution is good, withdrawals are not an issue, support are ok. Though I would suggest when withdrawin do submit the request on weekdays or before office hours to get it with in the same day.

, India.

Trading since 2013 with them. Well, i would like to say that All the issues are always resolved quickly in this three year tour with them. My losses are always my part but whenever i placed the withdrawal requests, its completed on the same day and in the most convenient way. I don't know people says that we should not go long with Cysec brokers and all but still in past three years after seeing their behavior specially in resolving issues with their clients is the best customer support in comparison to others. I will keep update my withdrawals and other important things about them. I would like to give them 5 stars now. Thankyou HF Markets Ltd. Best Regards

, Vietnam.

Came to this broker because its bonus program, hotforex offers various bonus programs and webinar regularly. I then deposit to start trading with Zero account type. Its spread in E/U pair was very low about 0.2 - 0.5 pip, gold is higher but not too much. Fast execution and no requotes. Totally satisfied with this broker.

, Vietnam.

I have a micro account and have been trading with this broker from August.

This broker provides customer support in my native language Vietnamese

I withdrew 100$ profit to WebMoney very fast.

But the spread on gold is only acceptable, not excellent as majors.

I rated this broker 4 stars

, Philippines.

This is a legit broker, I have been trading them for 14 months straight with no issues, platform is stable though there are some minimal slippage during big release, I avoid these especially the NFP, but over all its satisfactory and a legit broker.

, India.

This month I got surprised when I saw that they completed my withdrawal request in just 4 hours. I withdraw the money via neteller and its took about 4 hours only. They are improving service day by day which is good sign for traders.

, Denmark.

SCAM! well I guess I made too much money with hotforex. I trade news, and before it was simple, click and go, maybe have some requotes, now ALL my orders go through the dealer even for 1 lot in a very stable market. so I just see my order there and the price has to stay the same for 5 seconds for me to get a fill, so guess what, goodbye news trading

, Canada.

Worst broker, slow execution, i trade and manage with them Big amount of money, sent request for withdraw but they never respond me...

They have really bad service.

, Canada.

Hotforex is a real scam broker. They deleted all of my profit from my history. Near 500$.i contacted them via email and phone but nobody answer me.

, Moscow, Russia.

Jumped from start start off mIcro account to premium one, got my volume restrictions lifted up to 60 lots and personal manager who is quite fast-responsive to all my inquiries (get the reply from him within two hours and I really appreciate such level of customer care). Don't see any positive improvements in spreads, but they were fine in micro too, so not an issue for me. I'm just a hobby trader so my volume rarely exceed 5 lots monthly and for such trading profile Hotforex is really a perfect choice. Wish I had a time and money to pressure markets hard and see how Hotforex deal with my orders, pays my profit etc. Janne Mutta is a badass bud and his trading webinars are awesome and I always try to squeeze out time for his fundamental trading speeches. Probably one day I give up my office job and plunge completely in trading with HF as I like this broker.

, Bahrain.

Hotforex is an absolute scam, they make money by betting against their clients. Stay away from it. Money hungry sharks.

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