135 reviews of HotForex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
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.
I observe that most account managers only really care about how much money you put in, besides other help if any. Hotforex seems no exception. I just opened an account (on your guys' good reviews), and got a call. Blah blah ... then, "I do need some info from you. How much money...?" It's like you ask your girl friend for sex right away on your first meeting, without much ado :-) !
I’ve spent about 8 month with hotforex First of all they’ve got the best team that answers all the questions, their team is the best, because they are really nice. The platform is stable and the mobile platform is very useful for me. I use moneybookers to deposit and withdraw money so it's really fast !! its good that I got lucky and finally found a good broker that works not only for its own interest but also for traders interests !
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