8.9/10
(71 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 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
    • 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

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

, 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.

, 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.

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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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