137 reviews of HotForex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
- a good number of services, from account types, deposit and withdrawals up to internal transfers
- pretty active support team both on Email and Support chat.
- platform wise, stable, good execution (not the best) but very manageable.
- over all I would say they are above average.
- looking at it the first time tend to be slightly confusing, it needs some time for a regular trader to cope up with everything going on.
- Although it is regulated by the FCS, in my opinion the CySec and FCA registration should be indicated, although over all it doesn't affect the brokrs credibility.
- I am not a bonus fan, a highlight on ToS when joining would be good plus.
Opened a premium account with hotforex 9 months ago, everything was working alright when my losses were more than my winnings, when i started to profit and winnings increased making my ROI 350% in a month, hotforex showed me its real face, off quotes when exiting my trades, re quotes when executing trades, wide spreads that filled my stop losses. I lost half my account after that running winnings due to hotforex dealing desk service.
please be aware of hotforex bad bad bad broker.
I have only been trading for four months with this broker:
- withdrawal through neteller is good.
- verification process was fair, as long as you have the complete documents
- I did not use any bonuses
- I would give them a 8/10 satisfaction.
Hi, I am Trading with HF since last year everything is great... superb and trustable broker for all asian mostly for muslim.
live trading is good. execution is fair, the spreads are okay. only once did I encounter slippage and it was manageable. no withdrawals done yet. I would like to thank support for assisting me with my account. they are a good broker.
Hotforex is a market maker, no STP broker like they claim to be.
Look at hotforex website, there's no liquidity providers names, I was hotforex client, when I asked account manager about who are hotforex LP's he said can't reveal the names, it's a secret!!!
How can't a client know who are the LP's of his broker when hotforex claim to be STP!!!
Hotforex scammed me $15000 after leaving my account to negative balance, how can an accoun run on negative margin!!
hotforex didn't apply its margin policy and hotforex gave me in one account $136000 of bonuses when hotforex bonus policy states $30000 is the max. per account.
Stay away of the SCAM hotforex.
they are good to welcome you and make you despoit, but later on you will have to beg them to answer a simle qustion and also i adoubt if they are a real STP BROKER,so they good as makret maker but they are not good enought to be an offical broker
I’m on their Micro account (267432) trading commodities using COT reports. Glad to have live CBOT data provided for free, while other services charges a good penny for that stuff. It’s traded as CFD’s so transactions costs are a bit cheaper than with standard futures brokers, charging per contract. Execution is quite stable but sometimes I get some slippage at the start of trading session, I believe it’s because of unstable liquidity.
Regarding support I would rate them at 4. Sometimes it takes a bit more time for their chart support to answer (I believe due to being over-busy) but when they are there it goes exceptionally professional. Still there are emergencies popping up in my trading and I demand for their quickest resolution.
A couple of words of of their Execution desk. There were intentional checks by me when settling down there to estimate how fast are positions closed using this option.Well, requests were handled properly, but market was quiet, so I wouldn’t count it as plus.
Haven’t made any withdrawals yet, only depositing through Wire Transfer. It’s really annoying policy that deposit and withdrawal methods should be the same as I am looking for workarounds of ducking taxes. Next time will try online payment system to optimize capital flow…
It is too early to make solid conclusions but what I can definitely say is that with my perfectionist nature, there are a lot of things to do for Hotforex to finally win my heart.
Hot forex is best broker , i'm trading with this broker about 2 years no problem at all i faces , every things is fast (withdraw,deposit,fast execution) & i recommended this broker ,
REVIEW ONLY FOR SCALPERS!! For those who use MT4 default autotrading feature (which I guess very few), I would strongly advice to spend 5 min and install their One Click trading EA. Discovered it during my last browsing of HF website (haven’t been noticing it for 10 month of trading with them). Perfectly fits my news trading, especially with low fixed spreads on their special account. Easy-to-setup, together with minimalistic design makes all other MT4 tools useless for me :). Note that if you are not a scalper, I doubt whether it’ll suit you, as there is no need to catch exact time for entry in long-trend expectations..
Hot Forex Running Unauthorised Call Centres in india. BEWARE FOREX TRADERS.
Hot Forex does not have any company authorised call centre in India. But there are a lot of unauthorised call centre running illegally and seeking investment in the name of Hot Forex. I also fell prey to one of these such gangs.So, especially clients from india ,stay away from this fraud company Hot Forex.
I switched to hotforex after losing about 800 dollars with my local broker who charged my 20 dollars per lot of commission. I am a newbie and got lost with the friendly IB I had. Hotforex is now charging my only the spread and its cheaper.
Searched about this broker on many forums and reviews site before to go live, was worried before to jump live with them so tried with small deposit and now I got confirmed that I can go with them with some good money and can earn good from their platform. Lets hope that they can be same with my big deposit too. I`ll share my another review after 1 month or so.
This evil bucket-shop uses VIRTUAL TRADER to sabotage your trades. They also do not honor their own agreements.
BEWARE OF THIS CURSED BROKER!! Curse & boycott ThinkForex too!! Cut from the same cloth.
I was clueless about asymmetrical slippage before the moment I get paid by HF after opening trade in time of high volatility during July NFP release. Dips and rallies alternate each other on EUR/USD pair so I went the length to make an entry with 5 lot order. Curiously enough I was credited $130 at the time the order was opened. I thought something went wrong, closed the order immediately, but profit left. After inquiring about this case to support I was told that my account was credited because of positive slippage. Guess, it is rare occurrence and in case of getting negative one I was charged instead. Then you would see a complaint because of ignorance instead of good feedback…
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