Hotforex review

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Hotforex review: how trusted and reliable is this forex broker

About hotforex

Hotforex is a brand name of a group of companies, operating in different jurisdictions. The most reliable is HF markets (europe) ltd., a cypriot investment firm (CIF), registered in the european union and licensed by cyprus securities and exchange commission (cysec).

The broker also holds licenses from UK's financial conduct authority (FCA), the south african regulator, as well as from the dubai financial services authority (DFSA). The HF markets group also includes operates two offshore units (HF markets ltd., registered in mauritius, and HF markets (SV) ltd., incorporated in st. Vincent & the grenadines).

With six different account type options, pricing at hotforex varies greatly by account type. At best, hotforex's pricing is slightly better than the industry standard; however, pricing still trails low-cost leaders.

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Cfds are complex financial instruments traded on margin. Trading cfds carries a high level of risk and may not be suitable for all investors. Please ensure that you understand the risks involved as you may lose all your invested capital. Past performance of cfds is not a reliable indicator of future performance. Most cfds have no set maturity date and a CFD position matures on the date an open position is closed. Please read our ‘risk disclosure notice’. When trading cfds with AM globe services LTD, you are merely trading on the outcome of a financial instrument and therefore do not take delivery of any underlying instrument, nor are you entitled to any dividends payable or any other benefits related to the same.

AM globe services ltd. Is the holding company of AM broker.

AM globe services ltd, the financial services center, stoney ground, kingstown, st. Vincent and the grenadines is incorporated under registered number 24863 IBC 2018 by the registrar of international business companies, registered by the financial services authority of saint vincent and the grenadines.

AM glober services ltd reserves the right to amend and upgrade its policies, terms and conditions. Most updated and valid company policies are published on AM broker website. Using any services of AM broker, clients and partners agree with the current terms and conditions provided in the company's agreements and legal documents. Clients and partners are considered aware of all risks concerning financial services and charges applied by AM globe services ltd.

Please be advised, the services and products described on this website are not offered to citizens of E.U. Member states, the united states, canada, japan, turkey and australia. AM globe services ltd and its products and services offered on the site www.Ambroker.Com are NOT registered or regulated by any U.S. Or canadian regulator and not regulated by FINRA, SEC, NFA or CFTC.

Looking for the best customer service in FX trading? Read our hotforex review today!

Website: www.Hotforex.Com

Phone: +357-24-400561

Office address:

Spirou kyprianou 50 irida 3 tower 10th floor,

Larnaca 6057

Cyprus

Hotforex is quite new to the forex trading market concerning the popularity and brand awareness, even though the company has been in operation since 2008. The broker has recently re-invented its customer-oriented attitude by offering an excellent customer service platform, which has enabled the company to receive a ton of awards from several recognized institutions from europe, asia, africa, and the middle east. The primary requisite for any broker to achieve recognition in the forex trading industry is to listen to their customers, which is exactly the strategy that hotforex followed to achieve immense success among global retail traders.
Hotforex is also extremely popular among introducing brokers and affiliates, and it is indeed seen as a positive approach by the company to promote its brand among lesser known markets. The company’s prime attention towards ensuring an excellent customer-service oriented brokerage service is one of the key reasons why existing hotforex clients continue to do business with the broker.
Hotforex regulation is also one of the hot topics of discussion among traders, as hotforex is one of the few brokers that have multiple regulatory statuses throughout the world. Hotforex is regulated by the st. Vincent & the grenadines regulatory authority, the cysec in cyprus, and the FSC of the republic of mauritius under the HF markets moniker. It is interesting to note that the broker has based its corporate offices in some of the highly popular tax havens in the world, which can be a bit of an issue with traders from countries such as the US and australia. US-based brokers are required to be regulated by the CFTC and be a member of the NFA to be able to offer their services to US citizens. Nevertheless, almost all the modern regulatory organizations these days are committed to the welfare of traders in general, which is a good thing, considering that the number of scams is increasing on a day-by-day basis.

What are hotforex trading account specifications?

Hotforex has covered a significant part of the financial markets by offering forex, metals, energies, indices, shares, cfds, etfs, and binary options through its different trading accounts. Hotforex certainly understands their clients’ tastes and preferences, which is why they have incorporated a multitude of trading instruments to offer a diverse product portfolio. However, when it comes to choosing an account, hotforex provides nine different types of accounts, which is a lot for the average trader. The minimum deposit required to open an account is $5, while the maximum hotforex leverage is 1:1000. In our opinion, the leverage is too high for a forex trader, but larger accounts have comparatively rational leverage to the tune of 1:400 or lesser margin. The different types of trading accounts are as follows:

EU clients:

Micro account: $50 deposit, 1:500 leverage, spreads from 1 pip

Premium account: $500 deposit, 1:400 leverage, spreads from 1 pip

Zero account: $100 deposit, 1:200 leverage, spread from 0 pip

Fixed account: $500 deposit, 1:400 leverage, fixed spread

VIP account: $20,000 deposit, 1:300 leverage, spreads from 0.2 pips

Auto account: $500 deposit, 1:400 leverage, spread from 1 pip

Non-european clients:

Micro account: $5 deposit, 1:1000 leverage, spreads from 1 pip

Premium account: $500 deposit, 1:400 leverage, spreads from 1 pip

Zero account: $100 deposit, 1:200 leverage, spread from 0 pip

Fixed account: $500 deposit, 1:400 leverage, fixed spread

VIP account: $20,000 deposit, 1:300 leverage, spreads from 0.2 pips

Auto account: $500 deposit, 1:400 leverage, spread from 1 pip

PAMM account: $250 deposit, 1:300 leverage, spread from 1 pip

European clients cannot receive bonuses and apply for the PAMM account.

The zero account, currenex account, and the VIP account options are ECN platforms that provide tight spreads along with a commission per trade. The auto and HF social accounts are social trading accounts that allow investors to copy trades from other successful traders. Hotforex has excellent trading conditions, and the only problem is that traders can be confused by the sheer number of options available, which can negatively affect the broker’s conversion ratio. On a positive note, hotforex offers an account for every type of trader, which is one of the reasons why hotforex continues to be a popular FX broker among modern traders. The hotforex spreads are also highly competitive, and the spreads starting from 1 pip for the standard accounts are acceptable.

All accounts have access to the full range of trading instruments, and can be traded using the MT4 as the standard hotforex trading platform. Meta trader is the most commonly used and highly popular trading terminal for forex traders, which has prompted hotforex to utilize several versions of the MT4 terminal across its different account offerings. The MT4 mobile apps for ios, android, and windows devices serve as the hotforex mobile trading platform, while the MT4 webtrader can be used for both desktop and mobile trading. The MT4 multiterminal can be used to manage multiple accounts, and is a useful tool for PAMM account holders or for traders who trade on multiple investor accounts.

How can I receive A hotforex bonus?

The broker offers an attractive hotforex bonus of 100% on the deposited amount either as a cash bonus or a credit bonus, which essentially doubles the equity in a trading account. Hotforex is one of the very few mainstream forex brokers that offer a bonus, and along with exceptional trading conditions, traders will find the bonus to be quite useful in trading. You can receive a bonus by just verifying your trading account, making a deposit, and by choosing your deposit bonus.
Deposits are taken care of through credit cards, bank transfers, online payment processors and e-wallets such as skrill and neteller. Traders can make instant deposits and withdrawals. However, withdrawals do take some when compared to the time required for deposits. Accepting a bonus also puts several trading conditions into play, which should be satisfied before making a withdrawal request.
Hotforex has multiple channels for customer support, including live chat, web contact form, active phone numbers, emails, and multi-lingual support. The broker has made it exceptionally clear that dedicate their service towards maintaining an excellent relationship with their traders by keeping their client’s welfare in their mind, and this is the very core principle of the company that is guaranteed to ensure the safety of the traders and keep them secure against broker issues in the highly risk financial markets.

Is hotforex a good broker?

Yes, the hotforex online broker is a very good choice for retail traders. They offer several account types to EU and international clients, are regulated by several bodies including cysec, CFTC and the FSC of mauritius, and offers attractive bonuses to traders in eligible jurisdictions.

Does hotforex have bonus?

Yes, hotforex offers clients in eligible regions a no deposit trading bonus. To claim this offer you must complete the registration process and enter the corresponding sign-up code. Terms and conditions and country restrictions apply.

What type of broker is hotforex?

Hotforex is an online STP/ECN broker which offers its clients several account types across two trading platforms. Most of the account types have STP execution policies, yet you can enjoy ECN trading opportunities by registering for a zero spread account.

What is the minimum deposit at hotforex?

The minimum deposit for an account at hotforex depends on the account type and region you are trading from. For international traders, micro accounts start at $5 deposits. For EU traders, premium accounts start at $100.

How long is hotforex withdrawal?

Hotforex withdrawal times vary depending on which payment method you choose. The broker will process your request within 48 hours, yet transaction times can take between 2-10 business days on credit cards and wire transfers. E-wallets are the fastest withdrawal method, with instant results after processing.

Looking for the best customer service in FX trading? Read our hotforex review today!

Website: www.Hotforex.Com

Phone: +357-24-400561

Office address:

Spirou kyprianou 50 irida 3 tower 10th floor,

Larnaca 6057

Cyprus

What are hotforex trading account specifications?

EU clients:

Micro account: $50 deposit, 1:500 leverage, spreads from 1 pip

Premium account: $500 deposit, 1:400 leverage, spreads from 1 pip

Zero account: $100 deposit, 1:200 leverage, spread from 0 pip

Fixed account: $500 deposit, 1:400 leverage, fixed spread

VIP account: $20,000 deposit, 1:300 leverage, spreads from 0.2 pips

Auto account: $500 deposit, 1:400 leverage, spread from 1 pip

Non-european clients:

Micro account: $5 deposit, 1:1000 leverage, spreads from 1 pip

Premium account: $500 deposit, 1:400 leverage, spreads from 1 pip

Zero account: $100 deposit, 1:200 leverage, spread from 0 pip

Fixed account: $500 deposit, 1:400 leverage, fixed spread

VIP account: $20,000 deposit, 1:300 leverage, spreads from 0.2 pips

Auto account: $500 deposit, 1:400 leverage, spread from 1 pip

PAMM account: $250 deposit, 1:300 leverage, spread from 1 pip

European clients cannot receive bonuses and apply for the PAMM account.

How can I receive A hotforex bonus?

Is hotforex a good broker?

Does hotforex have bonus?

What type of broker is hotforex?

What is the minimum deposit at hotforex?

How long is hotforex withdrawal?

Hotforex review 2020

Hotforex review

Latest updated information about hot forex broker

Reviewed broker: hotforex

Operated by: HF markets group, related website is optiontrade.Com

Location: st. Vincent and the grenadine

USA traders: not accepted

Execution: market execution

Safety of client funds: segregated accounts

Trading instruments: forex, crypto

Cryptocurrencies trading details

Hotforex has recently added cryptocurrencies to its tradable cfds, allowing clients to expand their trading strategy and include these instruments in their daily trading. Popular digital currencies , including bitcoin, are perfect for CFD trading. Hotforex enables you to trade a variety of pairs consisting of bitcoin, ethereum, litecoin and dashcoin, all at very competitive prices and great liquidity to suit all your trading needs.

Advantages of trading with hotforex

Trading conditions

Tight spreads starting from 0.1

Maximum leverage up to 1:1000

Scalping and hedging allowed

20 industry awards

Execution desk, transparency

Smart trading

Selection of forex, indices, commodities and cfds

100 welcome bonus and supercharged bonus

Many continuous promotions

No fees for account funding

Advanced trading tools

One click trading execution

Market news and analysis

Free VPS hosting

Educational material for beginners

Auto transfer for instant withdrawals

Hotforex review : trading platforms and features

Platform selection:

MT4 desktop version

Hotforex metatrader 4 web

Hotforex metatrader 4 for smart phone and devices

Hotforex rapidtrader API

Spread types: variable, fixed

Account types: micro, premium, zero, pamm, fixed, vip, auto

Islamic swap free accounts: available

Maximum leverage up to 1:1,000

Typical spread starts from 2.5 pips

Minimum trade size: 0.01 lot

Negative balance protection

Hotforex review : payment methods for deposits and withdrawals

Minimum deposit requirement: $5

Payment methods: credit cards, skrill, unionpay, neteller, wire transfer, webmoney , fasapay, bitcoin

Hotforex review : educational resources and bonuses

Educational material: daily market analysis, weekly live webinars

Promotions and bonus offers: facebook contest with gadget prize, traders awards 2017, demo contest, trade with stype, deposit and win, VIP contest, currency wards

Hotforex review : customer representatives

Customer support: email, phone, live chat

How was the rating of hotforex performed compared to other brokers?

This 2020 forex broker review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on hotforex broker performance and features.

Overall our online hot forex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online hotforex or you find inaccurate details hotforex broker review please get in touch with us and the changes will be applied.

Hotforex review: how trusted and reliable is this forex broker

About hotforex

Disclaimer

We do not present any guarantees for the accuracy and reliability of this information. Some of the information may be outdated.

AM broker does not verify or test forex brokers, only collects information from top review websites and forums, indicated as a source (e.G. Www.Forexpeacearmy.Com).

Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

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AM globe services ltd. Is the holding company of AM broker.

Hotforex review

Also hfeu.Com

Also hfmarkets.Co.Uk

Hotforex is a forex broker. Hot forex offers the MT4 and MT5 trading currency platforms. Hotforex.Com offers over 45 currency pairs, cryptocurrencies including bitcoin, indices, shares, bonds, gold, silver, energies, commodities and cfds for your personal investment and trading options.

Hotforex's representative requests that anyone having issues please include the account number in the review. This should result in many issues being addressed more quickly.

Broker details

deposit methods:

bank wire, VISA, mastercard, bitpay, fasapay, maestro, neteller, skrill, unionpay, webmoney

withdrawal methods:

bank wire, VISA, mastercard, bitpay, fasapay, maestro, neteller, skrill, unionpay, webmoney

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Traders reviews

Length of use: over 1 year

Fund transfer issue resolved

Since my last review here, the acknowledgment of fund transfer issue has been resolved with the help of the product specialist and after sending through all the email correspondence I had with my bank's customer care department showing money was wired to hotforex's bank account. If your bank does not provide swift copy the way HF expects, I don't recommend using wire transfer. I am not going to rate this review but wanted to let others know, the issue has been resolved.

Sep 17, 2020 - 1 star opened the account few days back and verification process went through fine. As they don't offer credit card as an option for my account (not sure if it's regional / country limitation or what), I sent through 1040 USD via bank wire transfer. I sent through the confirmation email I had received from my bank for the international transfer that has their bank account number, the reference number they'd see on their account and my name as the person transferring the amount as well as a screenshot from my online banking showing the same information. They email back asking for swift copy, I call up my bank and it was past 10 pm in new zealand due to time zone as you can imagine, so outside normal hours for NZ, my bank rep said that the confirmation email should suffice as my name and the reference number should be showing on their bank account anyway so they should be able to verify that easily if they check at their end and if I need anything more to contact my branch during business hours. Anyway I email hotforex account manager and their deposit a couple of times explaining the situation - what do I get, complete radio silence, not even a courtesy to reply to my emails any longer, their product specialist/account manager was calling me every day to make sure I transfer funds, now that I have, nothing not even a reply to try to resolve the issue or check their end if they have received the funds yet or not as it should have the reference numbers - I'll give them today and if I don't hear anything from them, I will call my bank and see if the money wired can be reverted back due to fraud.

Hotforex reviews

66 • average

Write a review

Reviews 66

Regarding fake review

I see that lots of people providing fake reviews by marketing their recovery website. I`m surprised, how site admin allowing this?

I honest opinion

Just pasted the 1 year mark trading this broker, to be honest forex trading in general is not easy, but the broker is genuinely good, they do cater a set of good services for the trader, but I suggest sticking to the basics, I do not use any bonuses and would suggest understanding them first. But over all the broker delivers on a timely manner fastest withdrawals and very helpful support team. Well done

Hotforex is worse than war-time

Hi traders,
I was a trader have been a customer at hotforex in the past 10 months and I completed failed on 2018 july and 2018 august

On 2019 jan I started to make a list in my trading history dates to learn by myself from my mistakes to improve my trading. I had unexpected lesson in trading history at hoforex.

I wrote down about my trading story and complaints to man power in syces on 2019 mar 18 & 19 but I have not yet received their reply.
Iam still waiting to their response…

Traders please read my story in trading the past 10 months..
I hope that traders could learn from my mistake lesson to ovoid the evil men in the world

Please search "hotforex is worse than war-time" in my youtube channel

Very fast and professional FX broker

Very fast and professional FX broker, tight spreads and decent execution, no complaints so far. I've made several withdrawals also the profit was small, so it went through smoothly.
Overall I'm satisfied and will continue to trade with them.

Closed all my accounts and didnt pay me…

Closed all my accounts and didnt pay me out for all people in my downline.

They really are good

They really are good, close to a decade and constant expansions, and very responsive both in the support dept and back office. They can be strict and thats normal, it can be confusing for such a big broker, coz conditions would always depend on your actual location, from the FCA UK to south africa, middle east or south east asia. So be sure to double check first. Spreads are good, trading instruments has lots of good options and practical. Deposit and withdrawal are good no issues at all. I with they would have an addition to direct to mobile wallets option but that might be a long way from here. I speak from personal experience and would like to clarify this is based solely on my personal trading for the past year or so.

Hotforex bucket shop, stop hunter

Well, well, well, here we go again, I never thought that I would write review about hotforex again after 4 years but things are getting worst with them.
ECN broker-complete lie
B booking- going on full time
stop hunting
execution issue 7/10
customer support -pathetic
arrogant behavior- this one is added recently

I had account with hotforex 4 years back and when I started to make money, I faced all above issues, after reviewing it on forexpeacearmy, they resolved some of the issue, but my relationship with hotforex ended with some of the continuous issue, changing instrument timing without informing clients etc.
I opened account again due to personal relation with their manager mr. Sohail khan( who also resigned due to issues with hotforex) who promised me that there would be no issues and my account will directly be connected to market and there is no B booking involved, if some of you don’t know what B booking is, its market making, they trade against you rather than sending your trades to markets.

Last weekend they stop hunted me on 2 of my positions with sudden spike and after that price went to normal. I have deposited more than 10k usd in last 2 months, but greed is curse and they just stop hunted me for 216 usd. I sent them email immediately and there was no reply from them when market was open and they most probably enjoying their beers. I would say that’s an arrogant behavior.
After multiple emails, they took more than 16 working hours to solve the issue. Their trading desk is pathetic and they opened and closed my positions multiple times, they can’t even understand simple math, how to add and subtract. But big question is that how an ECN broker can change positions when position is already closed, only a market maker can do that. There was also a weekend between this and those 2-3 days was full of mental stress and tension for me but they don’t care, because they think that they have grown too big to provide good customer support to their clients and resolve their issues. They opened my positions again when market was against me, if they would have stored it earlier, I would have made good money, but why they should have done it, they don’t want you to succeed. In the end after multiple emails, they reimbursed me 216 usd after I sent email to their MD, mr. Aristos. So I started to trade again.

Then one fine morning, I received email from their client audit team that they are closing my account under clause 35.2 , that clause just say that they can close account, nothing else, and I won’t able to open any new positions, that day I lost many opportunities to make money, we need to understand that leverage trading is big risk and reward, so they have deprived me opportunities to trade in the open market. Giving trading opportunities to the clients should be the first and foremost objective of the broker but they have denied me that opportunity. I tried to contact all known people in hotforex but there was no reply till today from them, why they were closing my account.

I have caught them red handed for stop hunting me, that’s the only reason I think, they have decided to close my account. They would have thought this client will keep an eye on us and will catch us again.
As I mentioned earlier that greed is curse, my trade volume is very high, even if they would have just relied on commission, it would be a lot for them but no, they want to rip you off each and every penny of you.
They did not reply to a single email till now, I contacted one of their managers by getting his number from somewhere and he told me that in past I caused damage to hotforex reputation and that’s why they are closing my account. Now here are two questions, why they have approved my account at first place when they knew that I am the same client, and if they didn’t know, how useless they are. I have deposited more than 10k usd and now when they have closed my account, they denied me the opportunity to recover my loss. Second, they only close my account, after I raise my voice for stop hunting me and ripping me of my money, giving me mental stress, tension, wasted my time.,

So guys, making and losing money is part of business but if you don’t want to have mental stress, tension, wastage of time and want to avoid pathetic customer service, avoid this broker, they are scam.
They will stop hunt you, there will be execution issues, because they are market maker, they will never want you to make money.
I have proof of each and everything which I stated above and if anyone is interested, they can contact me to see the proof, I can’t post snapshot here. I will present how they are stop hunting with spiking the price, how they are changing positons without informing clients.
Yesterday I sent them an email and I gave them a fair chance to resolve the issues and was expecting call from their management but they opted to ignore.

Hotforex is a bucket shop, market maker, they will rip you each and every penny of you.

Hotforex reviews

66 • average

Write a review

Reviews 66

Great broker

Great broker. Good spreads. Easy depsoit withdrawl. Very happy with them

I had keen intents in making money with …

I had keen intents in making money with internet and last year i have found out that good sum of money can be made by trading forex. Since I am trading with them with good returns so far. They are good at communications, deposits, execution and withdraw. I am satisfied with them and i can recommend this broker very safe to invest the money however forex trading is quite risky. So make little research before investing the money to any broker.

Speedy payouts with excellent trade environment

My trading career with hotforex was started in june 16 on my friend recommendation. Since i have a good trading experience and i really hope enjoying the same service level in future as well.

Reliable broker with fast payouts

Its my third profit withdrawal from them which also processed hassle free within the same time. I started trading with them in july and tested on their demo account for some while before trading live. I sometimes looses too however most of my trades are in profit, i usually trade during the london session. The trading conditions are good with sufficient trading pairs to trade with lowest or competitive spreads. I am quite satisfied with their services and do recommend them as a reliable broker.

Good trading broker

I am new to trading and after some investigating decided on hotforex. First demo for a while and the opened a live account. Service is good and all questions by e-mail or live chat immediatly sorted out. I can highly recomend them.

Very unreliable when you want to withdraw funds.

There are no problems when you want to deposit funds to hotforex but when you want them out the money disappear in excuses. First one is you need to prove how you made your money. I personally had to provide documentation on how i earned my money 10 years back. Then i need to provide bank statements from each and every money transfer i have made from that account. I hade to give them this on from what account I moved money to where they arrived and then to next account and next all the way up till today to be allowed to withdraw funds. I had more then half i million usd by them. Now I am removing the remaining 7500 usd I have by them and again I had to prove who I am even tho i went to them for meetings a few months ago. I have been trying to withdraw from 2 different accounts and i have problems with both. First I needed to resend documents proving who I am and after several days of talking to them and getting them to accept the withdrawal it finally went through. This is now more than 10 days ago and right now they don't know where my money went. Normally it takes less then 3 days for me to send money anywhere in the world. When i send the money to hotforex it took 3 days to arrive. When I withdraw all kinds of things seem to happen to delay funds in being withdrawn. I talked to employees when i went to cyprus both a few months ago and last month. They both left the company due to them scamming clients and having a hard time with the moral in delaying transfers out already at a profit of I think it was 50 usd you will be experiencing delays and misshabs when you try to withdraw. If you trade binaries and are succesful you will experience slippage or not being able to close trades in profits. If you still are profitable they will close the pairs telling you they no longer have this "option" available for you to trade. The liquidity provider they use is a partner of hotforex with whom they share the profits ( your loss ) and if you have a profit it is becoming increasingly harder to withdraw funds.

Reliable broker

I have been trading with this broker for about 1 year. I withdrew successfully > 5 times and the customer service was also very responsive in resolving my problem. The spread and execution were good as well. It's reliable!

Hotforex good broker

Best broker, good bonus, thanks.

Trading with hotforex since 2013 with no problems at all specially in withdrawals and customer support

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

Reasonable broker!

Good broker with lower spreads and good leverage. My trading experience with hotforex is good so far and the withdrawal requests are usually processed within reasonable time.

Good broker

The broker is pretty much decent, interms of the MT4 terminal and its reaction, its doing really well, fast order execution the same goes for closing, spreads are manageable both in swings and scalps, the withdrawal process is easy and fast that much i can say.

What you see is what you get. Awesome!

Signed up two weeks ago to run micro account with 100$ just for a test, I'm amateur in financial markets and from my experience this company is doing good. Placed a couple of trades on EURUSD and gold, it went up in a click, closed both with 10$ profit with same speed. Absolutely no hassle. Highly recommended.

Hotforex is a real SCAM !!

I've been scammed by hotforex. They canceled all my profits including the remaining amount that had stayed in my account after the previous withdrawal. To put it more clearly:
after a few months of trading I made a withdrawal and everything was OK. Five months later I made a second withdrawal and everything went wrong. If you make profits regularly, the same will happen to you. Stay away from them.

Too much spammy stuff

I dont mind people complaining about any broker but atleast lets not be kids and have a pro approach to it, for any decent complaint the aim is to have it solved, a complainant should atleast provide an account number or a decent email address, as far as I am concerned these are mere spams, dont get me wrong but this kind or marketing is dirty and i dont like it.

Zachary preiss

I am trading with hotforex for 9 months now, and this is the second time i am facing big issue on price, first time they accepted their fault and returned my losses. Last night one of my position was liquidated when price wasn't reached at that level, I sent them my issue and as expected they didn't reply me. Worst broker.

Hotforex is a huge SCAM . 1

Hotforex customer support is not good. They only have the knowledge to receive the client. Poor english..Late reply. I recently opened account with them and wants

To know few more thing. But their customer service is too bad.

Good services

With a decent set of instruments, though i cant say i use them all, so far the results are promising, been trading mostly gold and oil on hotforex and did make some basic comparison of charts and the results are good, im keeping my options open, but i havent stumbled on an reason to lleave. Well done.

Recommended.

I am trading from around 5 years and have come across many forex companies, but hotforex left all of them behind. I loved its autotrade feature which includes so many options and through which I earned a good. I also liked their amazing customer service and low spreads. Highly recommended.

Stay away, market maker

Hi fellow traders
I am trading with hotforex from 3 years. I thought to give my reviews again, during my trading with hotforex, i used to have issues with them,every broker has issues but good thing with hotforex was that they used to care for their clients and always step up to sort out this issues but this is not the case anymore. It looks like they have made much money and don't care for their customers anymore.
My review, observation and personal experience is as follows:
1: let me start with their claims of being ECN/stp broker which they are clearly not. They are market makers, another bucket shop to rip your money. What i recently found out that you can't place orders one minute before news, an ECN/STP broker will never put restriction on it. They give you real market conditions.
Secondly you cant place orders between bid and ask price, which is example of market makers not STP/ECN, A market maker will never want you to success, your success is their loss. So decision is yours. :)
2: I always have issues of spillage with them, whenever you close your trade, one or 2 pips goes against you. Sometimes there were big spillages in price, which they fixed it. But even one or 2 pips are enough to less your profit or increase your loss.
3: on one side hotforex claim for so many awards from this industry but on the other hand, they are total failure to provide real market conditions to their clients. Their equity market close 5 mintues before bells rings in USA. So they are nigthmare for day traders like me. When I asked about it, they said, they do it for clients to protect from bad reputation. This is not professional approach as there are all different type of clients, day trader, long term, etc. In this market, even a single second is matter, when they close feed 5 minutes before market close in actual.
4: in past, they also suspended my account when i tried to withdrew money because amount was big, and they used dirty tricks. That matte was solved, but i know how i spent a week in full tension. So they are good, as long as you lost money but when you make money, so there will be many issues. Be aware of it.
5: they dont care for their loyal customers anymore, its very difficult to get hold of their managers or directors who are the decision makers. Companies downfall start when they start to loose their clients, today they are loosing me, i did trading of thousands of lots with them and just in commission, they make 350K plus. But they dont care anymore.
6: they require a lot of paper work when you deposit money with new card, I did deposit very large sum of money with them, but recently they hold my funds for hours at critical time when i need to do trading,due to paper work. They did not care that how much money i deposited and still doubt on my credibility. Thats ridiculous.

I would advise you guys not to open account with them or trade with them, only do if you want to lose your money.

I am going to close my account and not to keep any relation with them because they are proving to be another bucket shop now, who only wants to take your money.

Good broker

This broker is regulated and the trading services the are offering very good. Fast execution, tight spread and many account options. Just try and you will see how it is better than other brokers.

Hotforex forex broker broker review

Reviewer : justin freeman

Published: 15th july, 2020.

Broker information

Company name: hotforex

Founded: 2010

Country: cyprus & saint vincent & grenadine

Phone: +442033185978

Platform info

Platform: MT4, MT4 multiterminal, MT4 webterminal, iphone, ipad, android, smartphone trader, metatrader5

Web based: yes

Mobile trading: yes

Broker services

Regulators: cysec, FSCA, FSA, DFSA, FCA

Minimum deposit: $5

Leverage: from 1:2

US clients: no

Funding methods: wire, visa, mastercard, maestro, webmoney, skrill, netteller, mybitwallet, etc.

Pairs offered: 50+

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About the author : justin freeman

Justin has twenty-two years' of experience working in the financial markets with brokers. He's held trading and risk management positions at boutique asset managers and large investment banks. Justin helps people understand their trading options in a clear, jargon-free manner.