HotForexDiscussion
- Website: www.hfm.com
- Founded: 2009
- Company: HF Markets Group
- Headquarter: HF Markets Ltd, Suite 434, Ebène Heights, 34 Cybercity, Ebene, Republic of Mauritius
- Regulation: FSC #C110008214 (Mauritius) • CySEC
| International offices | Cyprus, Poland |
| Broker Type | ECN/STP • DMA/STP |
| Broker Status | Independent Broker |
| Accept U.S Clients |  |
| Live Chat |  |
| Phone | +44-2033185978 |
| [email protected] |
Account Information
| Free Demo Account | |
| Min. Deposit | $5 |
| ECN account | $500 |
| Account Currencies | USD, EUR, NGN, JPY |
| Maximum Leverage | 1000:1 |
| Minimal Order Volume | 0.01 |
| Segregated accounts | |
| Swap-free Accounts | (Muslim only) |
| MAM/PAMM accounts | PAMM , MAM |
| Managed account | |
| Interest on margin | |
| Deposit/ Withdraw Options | WebMoney • Skrill (Moneybookers) • Neteller • CashU • Bank Transfer • Visa/ Mastercard (Visa, MasterCard) • FasaPay • UKash |
Trading Terms
| Trading Platforms | |
| Precision pricing | 5 digits |
| Type of Spread | Floating |
| Commission | no – Mini & Standard account yes – ECN account |
| Lowest spread on EURUSD | 1 |
| Scalping | |
| Hedging | |
| Expert Advisors | |
| Mobile Trading | |
| Web Trading | |
| Gold, Silver | |
| Other Trading Instruments | CFD Trading • Indices • Energies • Stocks • ETFs • Bonds • • Commodities • Metals • Cryptocurrencies |
| Promotion & Contest | HotForex |
What’s new
May 14, 2014:
- ZuluTrade is no longer supported.
- Remove Perfect Money and add UKash
January 7, 2014: FasaPay now Available for HotForex Clients.
June 18, 2013: added CySEC license and updated lowest spread on E/U = 0.6
February 11, 2012: Add a listing for HotForex.
Ferdie says
Total trading time (Live) : 9 months
Markets traded: mostly tokyo
Pairs Traded: JPY and USD pairs plus majors.
conclusion:
Pros: easy to deal with
very good support in local languages
strict account management in terms of opening which is good
variety of withdrawals and deposit methods including but not limitted to local E=wallets and digital banks (depennding on countries and regions
Cons: if any i guess no US traders, and the level of strictness in opening an account though i wont say its a bad thing really.
Kamal says
hotforex, or currently known as HFM is a solid decent broker, they among the top broker in the current forex industry, that much is for sure.
Fabio says
hotforex is a good broker that continues to evolve for the better. no doubt, i have traded with them for the past 8 months and im very pleased with the results, the customer service is superb, they are strict with verification which they should be but over all its really a broker to trade with
Batoteli says
This broker is very popular in forex industry, it’s reliable with FCA regulation. Just withdrew last week and it’s processed within 24 hours.
Zeeshan Hayat says
Leverage is good i.e., up to 1:1000 on micro account which is quite reasonable as compared to some crazy offers like 1:3000 promised by other brokers that seems pretty unreal too. The spreads are nominal on major pairs however average on others. I am using their services for around one year so far and i have no issues to complaint about them.
Jaime Hapon says
just a quick update, last week i made my second withdrawal of 600usd, processed with no hickups the next day, they are legit and an easy to deal with broker. cheers
SAF says
I haven’t traded too many brokers yet this hotforex is among those which i am currently trading so far. The reason for being staying with them is that they process profits withdraw within 1-2 days. The average spreads are not quite good on all pairs mostly exotics but major pairs do comes up with tight spreads. I downloaded mt4 from their website and trade from my laptop which is really good stable platform according to my opinion and choice.
David Sado says
Hotforex is a good company. They maintain a good reputation in a tough industry, but through the years they prove to be good and continue to imprrove, 3 years trading the same account and i have no complaints
Jonna P says
The brorker is pretty good, they offer a very decent service in relation to forex tarding, and crypto tarding, spreads are acceptable and scalp friendly. withdrawals are one of the fastest i have encountered, usually with in 24hrs (business hours). My total experience trading with hotforex is roughly 2 years live, and im very pleased with results.
Tue says
Does this broker have any bonus program? Please advise.
Hoang Long says
Please see: https://www.digitalcashpalace.com/tag/hotforex/
Nabeela Sajjad says
I am not new to trading for now its been three or four year i have been trading and this hotforex is my broker which really provided good services since i have joined them. I had almost withdrawn what i had deposited with them in shape of profits, Now, i have no issues even if my bad luck hits my account otherwise i haven’t seen any ambiguity in the broker’s processes. They are fair in their processes because they offer MT4 trading platform which is unique and popular in its characteristics.
jaz says
what else is there to add. a very good broker. no complaints and pretty pleased with the services, manual trading mostly but do have a small fund in their pamm.
Sethi says
This broker is pretty popular, most of signal provider site as mql5 also support this broker with a lot of provider. I also like this broker PAMM with many choices. I think this broker is decent for being popular for years. Recommened!
Raja Imran says
Yes i guess you are right because i also have some investments in their PAMM services for the past one year and it is yielding some good profits. Please tell me if i could trade myself what should i have to do? Is trading with them easy too!
Savi Andy says
acc# 212**8 this is my fourth withdrawal and its pure profit of 1200++ usd. received the next day, I am very pleased to make such profit after 4 month of trading live, all materials are really helpful and educational. Services are top notch, my total trading experience is a mere 1 year of so and this is my biggest profit and im really happy with it.
Amjad lahori says
Most of my trades are through hotforex, although i have accounts with two other brokers as well however i can say that this broker offers pretty decent spreads. The deposits and withdrawals are easily processed with no hassles at all. I usually initiate withdrawal request at the start of every week and it arrives before the weekend so i can safely say that this broker service is quite good in terms of money withdraws. The other systems like MT4 is good however mt4 does not requires any publicity becayse it itself comes from a very patent resource accepted world wide. I usually add my orders which are initiated on the required pricing, i add stop losses too and take profits with these trade orders. They are met on time with no requotes, so i think they are good.
Jumuah H says
Good broker, good execution. trading made easy and I use skrill for withdrawals. thank you for support for answering all my inquiries, i made my first withdrawal in november and received it fast the next day. I am very pleased with the results.
DPM Trading says
I am new to this broker, is this broker available for fast Withdrawal?
TKD says
Withdraw < 24 hours. Is it fast? I did withdraw < 5000$ several times.
Samantha says
Very good broker, Im quiet satisfied with the results. made a big catch on the current dip in btc, crypto trading is the best.
Phan says
This broker PAMM could be among of largest PAMM broker where you can see multiple PAMM options and assets to trade. I have gone through many brokers and this broker are good in many aspects. Recommended!
Johnny says
I trade in several brokers, on hotforex since 2010 .Has accounts that are adapted to the various types of investors, professional ib system, only a few gaps that could be improved (min payout to partner is 100 $, only lack there are no restrictions) Have a good trades Traders. ;).
I have traded with several brokers and this brokef from 2015. I don’t take bonus and trade using my EA and earned consistently > 1000 a month and all withdrawal were processed quickly without hassles. It’s a reliable broker, recommened!
joanna says
the broker is actually doing better than expected, very stable and good platform both in execution a response time. and fast withdrawals, no complications what so ever and i think thats the main things traders look out for.. and there are many offers going on which i think is good.
Wang says
Good broker been with them for a couple of months! Deposits and withdraws all made it back into my accounts have had no issues! Great broker!
Trinh Bao says
Best customer service also. Multiple account & assets choices. They also provide free webinars for traders. Will keep trading with HotForex for many years to come.
Riaz Ahmed Kashmiri says
I have a small trading account with them since last one year and i also have invested some small funds in their PAMM as well. I was thinking to avail their bonuses too but couldn’t tried it as yet because with my own equity and available margin i am good enough to make extra income through trading. The platform is easy to execute order however small slippage can be noticed during NFP news time but that’s ok. Withdrawals are processed without any delays so i recommend them as safe broker to trade.
dailytrade says
I am trading PAMM with this broker for 2 months and the support was very dedicated in solving my PAMM questions. I invested $500 to a new but good performance account and the profit grew so well.
kenny says
Very good and fast broker, proper order execution, like their STP technology. They don’t reveal their LPs but it’s okay I’m satisfied with feed and trading conditions, but they really need to improve is language support (other languages not so professional as English). In other aspects I’m quite contented with work with them.
Nick says
as far as micro accounts, the account is pretty good, I trade a 1:300 leverage even if the broker offers 1:1000 i think its a bit too much for me, withdrawal is pretty good, the internal transfer between account in wallet can be confusing (or maybe its only me) but once u get the hang of it i think its pretty handy. trading is smooth with good execution time. im happy with my trading, will keep tabs as soon as i upgrade to premium i hope it remains the same.
Tam says
I’ve been involved in transactions in Hotforex long, first time things are good deals, but to date is 04/03/2015 Non-Farm Day win but I’ve traded companies have voluntarily removed Hotforex delivery report my service and send mail notification due to software bugs. After I reviewed and gave evidence that my transaction completely transparent and the company sent a letter asking for compensation amount for me but today 22/06/2015, the company has replied irresponsible, I think the company has deliberately misappropriating the money that I win the day 04/03/2015 transaction but I do not know how to denounce Hotforex and reclaim my rights.
I want to send to all transactions with Hotforex trader will need to review the transparency of the transaction and I want to denounce Hotforex appropriates about the transaction amount, I have sent my application to the Office What can help me, because I was in Viet Nam so far can not be directly to the company to complain so everyone please help me and all the evidence I’ve collected sufficient to demonstrate actions companies Hotforex is arbitrarily usurp my money when trading.
jay says
I have not encountered any issues so far i have been trading for 5 months with 2 withdrawal submitted, a couple of trades a week, surprisingly i find them pretty convenient but i remain cautious. good broker.
Sam Alvarez says
I Like what im seeing with hotforex, compared to my previous broker which I wont mention. the execution is way faster although there are times that news trading seems to be harder than what It looks like. few slippage which is deemed normal, I trade the UK market and over all Im pleased with the results.
dailypip says
I started trading with hotforex from 2012 and through my experience with this broker, it is quite a good and decent broker. I have tried their demo platform in several months before proceeding to a premium account. The spreads are good at majors but just acceptable with exotic ones. They have a program that allow you to trade on multiple account at the same time. Withdrawals are fast and usually processed within 24 hrs but there was a little inconvenient in the past that you have to fill a withdrawal form to withdraw your fund, but now you can withdraw automatically.
Jeffry says
good execution, quick reply from support both live chat and email, instant withdrawals, usually with in24 hours which I find good. if only they could have more offices in asia. the free webinars is an added plus.
Edward Vo says
Small deposit ($50) and there are multiple assets to trade. MT4 platform is quite good but the demo account would be expired in few months if no trades. Withdrawal is fast and also support multiple languages. This broker is quite good in many aspects.
Santi says
quick response from support, and good service by representative. the broker offers good services and attend to all inquiries i had. highly recommeded
David Sing says
This is a good broker, in terms of platform stability and service they do excel. Spreads are fair on major pair but i do notice some widening, I dont trade exotics. no problem with withdrawal processes, im yet to try their webinars,
Chris says
I tried some international brokers before coming to hotforex this March. Spreads are very good with no commissions. Money transfer fast via WebMoney, and my deposit is instant. Furthermore, my EA is running well on its platform. Good broker!
Sara Bien says
I would like to thank the support who assisted me, im sorry if i did not get your name, the broker is professional in dealing with its clients, a very good broker. as far as trading is concerned the platform is stable, execution speed is good, there is still room for improvement.
aventador says
It is time to move on their premium account, by the account of my trading performance and consulting with their manager, trading with bigger lots and getting constant assistance of HF personal assistant I can make a leap to more gains from trades. I was trading only a year on their MIcro account and surely tell readers there that it worth to deposit and gamble market with substancial amounts of money. Glad that I came across with them once time..
Florence says
I`m very pleased with Hotforex Service, Withdrawal is always on time.
John says
After much consideration, tried on demo for several months and read feedbacks, I have opened a premium account with this broker. And here is my review:
– As other well-known brokers, their verification process is fast and you get your bonus after depositing instantly.
– Their live server is fast executed than demo a lot and their spread in EU pair always < 1.5 and < 2 with GU pair . Their spread on gold is not good as major pair but acceptable.
– Rarely requote, especially during news release.
– Quick customer helping.
– Not support MT5 but I prefered trading on MT4.
Overall, it's a good STP broker.
Benedic says
This is my second international broker I knew via a local forex forum, there are a lot of type of account vary from min size to spread for you to choose. And it also offers free TA signals for trader. My EA runs well on its platform and I see it better than my first broker a lot.
Jim Datu says
I have a mid sized account on premium, the spreads are low execution is stable and fast, no issues with money transactions or transfers from account to ewallet. so far i am quiet happy with the results, its not perfect but the distractions is at minimal in my opinion which makes them very competitive.
Kundazi says
Stable platform and reasonable spreads. Trades is looking well but I still need adaptation to new broker. Had some confusion with web cabinet but problem was quickly resolved. Would like to complain but nothing to bring up.
Ahim says
Easy to deal with broker with vast of trading options. Decent spread even on micro accounts, hassle-free withdrawal and mindful support. Still no problems trading with them.
Kenneth B says
Decent broker, good platform and execution, response time it acceptable. I do not use bonuses so its hard to comment about it. Hotforex is a decent broker, I can’t talk on behalf of everyone but based on my personal exp I can safely rate them 8.5/10 since I have only been dealing with them for 3 months.
Ryan says
This broker is good for trading, that support numerous currencies and commodities, I have traded on E/U and G/U, and the spread was a little bit lower than other brokers. Fast execution, quick responsive,…
Vin DiCator (@VINDICATORofYah) says
SNOTForex sabotages trades and uses the Virtual Dealer Plugin to trade against you.
Beware. Curse and boycott these devils. Thieves.
Santos, Kuya says
I have a small 4 digit account with them (premium), I have been trading it live for the past 3 months, I have grown my account about 34%% up to date with position trading and few scalps, all these are done manually, I have only made one urgent withdrawal and it came through just fine. i like the results and i am glad to have registered with them.
Tuan says
After trying with this broker over 7 months, I found out its trading environtment is very good. It’s offering low spread in EU and offer various kind of account. I still need much more time to check its quality. But firstly I think it’s a prestigious broker.
Dejan says
I’m trading with them now for around 2 years, with success 🙂 There were of course some problems and server blackouts during that time but they reimbursed the lost money that was caused due to downtime. I would choose them again.
And I’m also using [link moderated] for getting a piece of the spread back on every trade, great service 🙂
Nick Alvarez says
I decide to trade with hotforex after hearing about some good feedbacks from traders I know personally, I decided to transfer with them 2 months ago, so far I am trading a premium account on a 1:300 leverage, no bonuses acquired. Execution is very stable, I scalp the NY session, suitable for scalping the M15 and M30, but I do swings mostly, I only made one withdrawal and it was within the given frame, I have no complaints what so ever.
Regards
Nick A
DiggerOfTruth says
Thank you TradeZone and Octane for posting your facts here.
I would like to be part of this lawsuit Octane. Contact me through Trade2Win.com http://www.trade2win.com/boards/members/454778-diggeroftruth.html.
Continue to expose the bound-for-Hell bucket shop thieves like STINKForex (ThinkForex.com) and SNOTForex (HotForex)!!
octane says
Yeah i ve experience with them. All good review about them is lies. its vote by their own representative. Im filling in the progress filling a lawsuit against them. Dont trust good review about them, they vote themselves. Stay away. Be warned.
tradezone says
This are mauritius based company, beware people…hotforex are known for manipulating trade even close your acc. Scammed alot of people already. FSC is not like cftc or others. They are not strict regulating laws. Beware. Scam alert!
DiggerOfTruth says
These bucket shop liars, thieves and beasts will lure you with their 50-100% BONUS Schemes: they are nothing more than bait for the unsuspecting. I have read that they are NOT licensed with the FSC in Mauritius as they falsely state. Furthermore, the FSC don’t even reply to emails sent to file a complaint against SNOTForex!!
I traded very successfully through SNOTForex for a few days, increasing my account from under 9000 EUR (including their Bonus Scheme) to over 42,000 EUR. THat’s when the sabotage began. It ended with them breaking their 20% margin stop out safety terms and STEALING THE ENTIRE AMOUNT.
GOD DAMN THEM EVERYONE!!
I also read that another man had $200,000 stolen by them.
BEWARE AND TELL EVERYONE YOU KNOW. Oh, and CURSE them to Hell.
John G. says
really good broker, I swing trade and so far everything goes according to plan. execution is good withdrawals are fast compared to other brokers. I really like them.
Jan Luft says
A very honest broker, I like trading with them and they are easy to deal with, no problems what so ever and it makes earning extra easy.
Mendis says
I joined hotforex only two months ago. This broker seems more professional than my previous one. I cannot say anything about withdrawals because I haven’t tried to withdraw my money yet, but I could deposit without any delays. If to speak about trading conditions, I can say that spreads are good, execution is fast. And I like that they have got competitions with good prizes and I have got that info that they got listed by Gbot and they are among the top 21 brokers in the world, I dont really know about this but its really great if it turned out to be true.
Ibrahim says
I have not seen any problem with hotforex since I started trading with them, everything seems to work just fine in addition they recently started to promote their new products heavily and its all good for me and also newbies every body can make some extra money and trade with it thanks to their demo contest, referral program and bullseye prediction competition ! this summer is really hot with hotforex, I at the end want to let everyone know that their customer support is respectable and so friendly.
Alex says
Quick and helpful customer service but they prefer call me rather than live chat and that is what I don’t like. Anyway, I feel comfortable when trading with them.