HotForex Reviews and User Ratings

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HotForex General Information


Broker Name
HotForex
Established
2010
Country
Mauritius
Min Deposit
$5
Max Leverage
1:1000
Regulation
FSC, GBOT
Email
support@hotforex.com
Telephone
+44-2033185978
Fax
-
Website Language
English, Chinese, Russian, Spanish, Malay, Arabic, German, Greek, Japanese, Korean, Bulgarian, Hindi, Indonesian, Persian, Thai, Vietnamese
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, WebMoney, Skrill, Neteller, U-Kash, CashU, FasaPay
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, WebMoney, Skrill, Neteller, FasaPay

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Description


HotForex Background

Founded in 2010 with headquarters in Mauritius, HotForex is an ECN broker that offers competitive trading conditions and a wider range of currency pairs than most others. The broker is regulated by both the FSC and GBOT. To start, Hot Forex makes their website exceptionally accessible by offering it fully translated into 19 very common languages. Registering is much easier with Hot Forex than with other brokers. Traders can compare options and choose their account type directly from the registration page. The site doesn’t require you to answer personal questions like other brokers, but two forms of identification are required to finalize the opening of an account.

Features of HotForex

HotForex offers the standard MT4 platform for download. The Hot WebTrader and mobile trading are also available. The HotForex website focuses almost exclusively on the company’s favorable trading conditions and rollover policies instead of education and special features. Even so, the company offers options like a Fibonacci calculator, Pivot Point calculator and pip calculator, which are useful for intermediate to advanced Forex traders. A small education section is available for new traders.

Conclusion

HotForex caters both to new traders with the $5 minimum trade amount, but advanced traders will enjoy the interesting currency pairs and tools the broker provides. If you’re looking for an ECN broker with fast execution, competitive trading conditions and exotic currency pairs this is a good broker to check out.

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Video


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Features and Trading Instruments


Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
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Pros


PROS:
  • HotForex support is transparent and available.
  • Support is offered in 10 languages by phone and emails can be sent to 6 different accounts to make sure questions reach the correct department.
  • Emails are answered in a timely manner and live chat support is available 24/5.
  • The support team members offer polite, helpful service.
  • The site offers low minimum deposits and low spreads.
  • They offer TradeSignals.com services for FREE to account holders, a quality platform, and strong support.
  • Traders who use technical analysis will find a nice set of analysis tools available.
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Account Type


  • Minimum Account Size: $5
  • Spread: Low/ Variable
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: MT4, HotForex Web Trader, Iphone & Ipad App, Android App, Mobile Trading
  • Margin Call Level: 40%
  • Stop-Out Level: 10%

Premium

  • Minimum Account Size: $500
  • Spread: Low/ Variable
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: MT4, HotForex Web Trader, Iphone & Ipad App, Android App, Mobile Trading
  • Margin Call Level: 50%
  • Stop-Out Level: 20%

FIX

  • Minimum Account Size: $500
  • Spread: Low/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: MT4, HotForex Web Trader, Iphone & Ipad App, Android App, Mobile Trading
  • Margin Call Level: 50%
  • Stop-Out Level: 20%

  • Minimum Account Size: $40000
  • Spread: Low/ Variable
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: MT4, HotForex Web Trader, Iphone & Ipad App, Android App, Mobile Trading
  • Margin Call Level: 50%

Currenex

  • Minimum Account Size: $500
  • Spread: Low/ Variable
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: MT4, HotForex Web Trader, Iphone & Ipad App, Android App, Mobile Trading
  • Margin Call Level: 50%
  • Stop-Out Level: 20%

Auto

  • Minimum Account Size: $500
  • Spread: Low/ Variable
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: MT4, HotForex Web Trader, Iphone & Ipad App, Android App, Mobile Trading
  • Margin Call Level: 50%
  • Stop-Out Level: 20%

PAMM Premium

  • Minimum Account Size: $500
  • Spread: Low/ Variable
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: MT4, HotForex Web Trader, Iphone & Ipad App, Android App, Mobile Trading
  • Margin Call Level: 50%
  • Stop-Out Level: 20%

PAMM Currenex

  • Minimum Account Size: $500
  • Spread: Low/ Variable
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: MT4, HotForex Web Trader, Iphone & Ipad App, Android App, Mobile Trading
  • Margin Call Level: 50%
  • Stop-Out Level: 20

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HotForex Review Score


HotForex Reviews and User Ratings
7.9 Total Score
11 reviews
Add your review
Web Design
7.9
Reliability
8.2
Platform
7.8
Customer Support
7.8
Withdrawal
8.1
Broker Name
HotForex
Established
2010
Country
Mauritius
Min Deposit
$5
Max Leverage
1:1000
Regulation
FSC, GBOT
Email
support@hotforex.com
Telephone
+44-2033185978
Fax
-
Website Language
English, Chinese, Russian, Spanish, Malay, Arabic, German, Greek, Japanese, Korean, Bulgarian, Hindi, Indonesian, Persian, Thai, Vietnamese
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, WebMoney, Skrill, Neteller, U-Kash, CashU, FasaPay
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, WebMoney, Skrill, Neteller, FasaPay
Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
HotForex Reviews and User Ratings
7.9 Total Score
11 reviews
Add your review
Web Design
7.9
Reliability
8.2
Platform
7.8
Customer Support
7.8
Withdrawal
8.1

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12 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Reply
    Momina Waqar
    March 22, 2017 at 2:39 pm
    5
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    Account opening wasn’t that tough as i was expecting from this broker. I am trading since January 2017 and did two withdraws as well. Every thing is quite normal and i guess they really worth giving a try.

    + PROS: good layout, instant deposits, tight spread, urgent withdrawals
    Helpful(0) Unhelpful(0)You have already voted this
  2. Reply
    Mariam Shahid
    March 10, 2017 at 10:02 am
    5
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    My overall trading experience with this broker is good so far. The trading platform they offer is easy to navigate and i never had any hassles in withdrawing my profits. SO FAR SO GOOD, RECOMMENDED FOR SURE!

    Helpful(0) Unhelpful(0)You have already voted this
  3. Reply
    Uzma
    February 27, 2017 at 1:10 pm
    4.8
    Web Design
    90
    Reliability
    100
    Platform
    100
    Customer Support
    90
    Withdrawal
    100

    Really good broker with decent spreads and timely withdrawal. It is my third withdraw from them and it hardly takes a day to transfer the amount to my ewallet since all of my documents were verified by them in start. Now every thing is going smooth and this broker is really good to try.

    Helpful(0) Unhelpful(0)You have already voted this
  4. Reply
    Raja
    January 24, 2017 at 3:14 pm
    4.6
    Web Design
    80
    Reliability
    100
    Platform
    90
    Customer Support
    90
    Withdrawal
    100

    I started trading with this broker in September last year, however since then I have a satisfactory experience with them. The trading platform is smooth and easy to navigate, the trading costs / spreads are quite lower than the market. I have also done some profit withdrawals too and they were processed within the specified time frame. In my opinion, they are good broker and really worth giving a try.

    + PROS: Good Services
    - CONS: Should focus on their web design
    Helpful(2) Unhelpful(0)You have already voted this
  5. Reply
    Arshad Mian
    January 5, 2017 at 3:38 pm
    4.8
    Web Design
    90
    Reliability
    100
    Platform
    90
    Customer Support
    100
    Withdrawal
    100

    Trading for the last three months and so far i have no complaints with this broker. The order execution is easy and the spreads are really low. They processed all my profit withdrawals on the same day without creating any issues. I really recommend testing them even with a demo account as they are really good at services.

    + PROS: Easy execution of orders Timely processing of profit withdrawals Low spreads
    - CONS: Should consider revising the website and platform
    Helpful(1) Unhelpful(0)You have already voted this
  6. Reply
    Talon Duffet
    May 5, 2016 at 1:05 pm
    0.5
    Web Design
    10
    Reliability
    10
    Platform
    10
    Customer Support
    10
    Withdrawal
    10

    Scammer!!!!!!!!!!!!!, One of the worst trading experiences I had with Hotforex was those a*holes… as many say, it’s a
    trap that liquidates… a monstrous machine that eats up money and they s*t us with an award winning platform… what the
    hell. They should be class-auctioned.
    Dont trust to hotforex broker…

    Helpful(1) Unhelpful(2)You have already voted this
  7. Reply
    Laurent Marleau
    March 5, 2016 at 1:01 pm

    I didn’t received my withdrawal from Hotforex .Everything is really bad with Hotforex Trading. They suck my money.
    Never trust a broker like this. They are just a scammers!!!

  8. Reply
    Married2DMarket
    February 1, 2016 at 5:34 pm
    4.9
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    90

    Nowadays it is really hard to find a forex broker that pays heed to Sharia Law and this is the main reason why I went on to trade with HotForex. Although it is fairly new as a Forex broker, I found that their willingness to accommodate Muslims as well as their honesty and transparency has made me a very impressed client. I will continue on to trade with HotForex for years to come.

    Helpful(0) Unhelpful(0)You have already voted this
  9. Reply
    ThePoorGirlFromCanton
    January 1, 2016 at 7:00 am
    3.6
    Web Design
    80
    Reliability
    80
    Platform
    60
    Customer Support
    60
    Withdrawal
    80

    I always thought that Forex Trading was where the money really was and I was glad I came across an online broker as accommodating as HotForex. For as small as $5, I was able to open up an account hear to try and see if money can be made in Forex Trading. Eventually I learned the trade and invested more into HotForex, the low spreads, the high leverage and the high bonuses just made sure I would stay.

    Helpful(0) Unhelpful(0)You have already voted this
  10. Reply
    Jai Morice
    December 28, 2015 at 8:34 pm
    1
    Web Design
    20
    Reliability
    20
    Platform
    20
    Customer Support
    20
    Withdrawal
    20

    Withdrawal problem with 80.000 USD, waiting 3 weeks.. hotforex never pay you back

    Helpful(0) Unhelpful(0)You have already voted this
  11. Reply
    Ken Bass
    September 16, 2015 at 8:55 pm
    4.8
    Web Design
    100
    Reliability
    100
    Platform
    90
    Customer Support
    90
    Withdrawal
    100

    very well balanced broker, Im pleased with the platform and excution speed, withdrawals never fail, I have been trading for almost 2 years and every withdrawal is spot on, over all its safe to say this broker is doing a great job coping up with the changing times. well done.

    Personal Recommendation
    highly recommended

    Helpful(0) Unhelpful(0)You have already voted this
  12. Reply
    Ambreen Yousaf
    May 6, 2014 at 7:26 am
    5
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    Tested micro account of this broker with $ 250, its three months now i am making profits with their user friendly platform. The spreads are lower, payment deposits and withdrawals are instant and easier too.

    Personal Recommendation
    I can say hotforex is a good option for trading.

    Helpful(0) Unhelpful(0)You have already voted this

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