7.7/10
(74 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
    • United Arab Emirates
  • Payment options
    Show payment options Hide payment options
  • Demo platforms
    • MetaTrader 4 (Limited with 30 days)
    • MetaTrader 5
  • Account currencies
    • Euro
    • Polish złoty
    • United States dollar
  • Currency pairs
    Show currency pairs Hide currency pairs
  • Regulated by
    • CySEC, 183/12
    • DFSA (Dubai), F004885
    • FCA (UK), 801701
  • 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 $5
  • 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
    • Cryptocurrencies1:5
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
  • 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)
  • Special notes MT5 hedging accounts available.
  • History
    Show history Hide history
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $100
  • 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
    • Cryptocurrencies1:5
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
  • 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)
  • Special notes MT5 hedging accounts available.
  • 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 1.2
  • Minimum spread on EUR/USD, pips 1
  • 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
    • Cryptocurrencies1:5
  • 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 $200
  • 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
    • Cryptocurrencies1:5
  • 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

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

, Romania.

I'm not an easy quitter, so I gave them an other chance, but now it's time to move on. Seems it hard to find good brokers.

, Vietnam.

I knew this broker through a seminar held in my city. Then I research more information and I know this broker is legit or reliable with many traders. I opened a demo account and tried a few weeks. Then I opened a live account , Premium (minimum deposit $500) and started trading on major pairs as EUR/USD and Cable. Their spreads are good but not excellent but it's a zero commission so it's acceptable. So far, I made steadily income on both trading and PAMM investment at this broker and their payment are always swift both deposit and withdrawal. During holiday it could be delay but it's fine with notification emails. I as an experienced trader recommending this broker.

, Argentina.

I was trading with them and was satisfied until they started delaying my order, guess i will have to look for another broker.

, Pakistan.

Hotforex is the broker with whom i started my trading career in late 2017 where i start trading the demo account. The demo account was easy however i stick to it for a month or two and then i deposited 500 usd for live trading.

Luckily i made some pips on gold in my first trade which make me kinda greedy. It was a micro account but i was not aware of the market conditions and when i shorted with all of the leverage it shocked me because most of my account balance was in negative within the next two hours.

Before getting wiped out i waited for some more time talking to others who referred me trading business but none of them came rescuing me or advising anything. So i took the loss and closed the trades immediately. It was a real disappointment but it was also a turning point for me to decide either learning from the said mistake or just leave trading and withdraw remaining fund back.

There were around 200 usd remaining in my account so i transferred them back into my main hf wallet. I then went to demo trading with a decision to start learning this trading and took it as my career. Although that was hard track yet i opened a new demo account for learning. Many demo accounts were blown but it enhanced my patience and i after spending more than one year learned the trading mechanism. 2018 was a challenging start when in june i started live again with many hopes and since onward i am making good profits.

I did not trade whole day sitting on computer. I have pips plan ahead of my trading month which i strictly follow. I do not chase the prices and wait for the sweet spots to occur. While everyone in my friends were shorting the gold a few days ago i was the only one among them profiting by making long.

The things i like the most about hotforex is that it allows convenient trading maybe because of the userfriendly MT4. All i have to put the orders, stop losses and take profits now and believe me i hardly regreted because most of the orders are met accordingly. some of them are also manually closed if i am sitting on computer to watch my setups.

, Romania.

When I started trading with them few months ago, everything seemed to be fine. I was doing news trading and started to be successful. But now execution speed dropped so much that I can't do it anymore. I guess they delay my orders...

, USA.

I have trying to make withdrawal money but they are pleased me to contact support and they are telling me that I need to upload my passport and wait for confirm. Withdrawal is to complicate.

, Pakistan.

I had recently opened live account with hotforex. Previously i was prcticing the demo trading which gave me some confidence going to trade live. Therefore i opened the live micro account in July and since I have been trading this live account. The leverage is quite reasonable to push account profits. I am trading micro lot every day and my only objective is to remain on breakeven if the profit target is not hit. The execution is easy and stop loss is always triggered on a bad day. I did two or three withdrawals which were processed easily, now i am not going to withdraw and built this account into a big one. This is my target and i believe that i can be able to achieve this easily.

, Manila.

The broker is already well know and has been around for almost 10 years, but the positive thing is they continue to up their game and bring more for the traders and that's the way it should be. Various tools for different type of traders, from calculators for the detail savvy, to webinars and learning materials, but with that set aside, the trading condition over all are good. spreads are competitive and execution is quiet decent. I suggest sticking to trading in its simplest form, with all the services offered it can be a bit over whelming at first. bonus needs to be read thoroughly and understood. personally I skip the bonuses. but over all I give them a 9/10. no issues with withdrawal always on time and that's always a positive thing. total live trading time is 8 month.

, India.

Having account with them from more than couple of years along with good amount of withdrawal successfully every month. I must say Hotforex is one of the best forex in the market. I like the Neteller option to withraw the money as it has low fees and fast withdrawal.

, Vietnam.

I have 2 years with this broker, it's from Cyprus and CySec regulated. Execution is rapid and my most pending orders are executed at expected prices. Spreads are low in majors compared to all brokers I have tried (both int and local ones). I also compared prices with another genuine broker and the price chart are same with almost no different. Regarding payment, it supports variety options as Skrill, Neteller, local banks... And after submitting withdrawal request, you could get your fund within 24 hours. I safely recommend this broker as a decent one to start trading.

, Pakistan.

I have good trading experience with this broker. Started since December last year the only thing which took a little long as expected was the verification process. But once they approved my account i think I never had any issue with depositing and withdrawing the profits.

The platform is quite user-friendly, low swaps, low spreads, etc. I endorse their services and recommend this broker giving a try. That's all for now however i will continue to review my opinion time to time and if anything happens to me i will surely update here again.

.

This review is after my 5th and largest withdrawal (all thanks to btc) last Dec 12 2017, I made a withdrawal while a bit sceptic since its my largest so far, amounting to 2000++ as traders we all know its not easy yet I simply got a call for verification and the withdrawal was processed with ease that's definitely a very good sign, the amount has been transferred and I'm really pleased, I have traded hotforex for almost 7 months and its been performing quiet well. an easy recommendation.

, 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.

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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

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