HotForex Broker Review

HotForex is an international award winning broker, offers forex and commodities trading services.

The company is operated and owned by the HF Markets Group. The HotForex is a MetaTrader and regulated broker was founded in 2010.

They are regulated by the DFSA, FCA, CySEC, FSA, FSCA, and the Headquarters is located in Cyprus (Spirou Kyprianou 50 Irida 3 Tower 10th Floor Larnaca 6057).

The brand HotForex is most popular for the Forex and Commodities trading services.

Also, the broker offers Metals and Energies, Indices, Shares, Bonds, Stocks, and Cryptocurrencies.

HotForex License and Regulation for security and trust

The HotForex and HF Markets are regulated and licensed by many regulations both are known as the HF Markets Group:

• HF Markets (SV) Ltd inc in St. Vincent & the Grenadine as an International Business Company with this reg. no. 22747 IBC 2015.
• HF Markets (DIFC) Ltd is regulated and authorised by the DFSA (Dubai Financial Services Authority) with this license number F004885.
• HF Markets (UK) Ltd is regulated and authorised by the FCA (Financial Conduct Authority) with firm reference 801701 number.
• HF Markets (Europe) Ltd a CIF (Cypriot Investment Firm) under number HE 277582. Regulated by the CySEC (Cyprus Securities and Exchange Commission) under license number 183/12.
• HF Markets Ltd regulated by the FSC (Financial Services Commission) of the Republic of Mauritius, category 1 Global Business No. C110008214 License, the Company Reg. No. 094286/GBL.
• HF Markets SA (PTY) Ltd is an authorised Financial Service Provider from the FSCA (Financial Sector Conduct Authority) in South Africa, with this authorisation number 46632.
• HF Markets (Seychelles) Ltd is regulated by the FSA (Seychelles Financial Services Authority) with this Securities Dealer's License number SD015.

HotForex account types

HotForex offers 6 types of accounts. The broker always committed to providing the best services. Each account is made for each level of traders.

Generally, we divide traders in 3 categories: beginner, intermediate, and expert. Here is the breakdown of HotForex Micro, Premium, Zero Spread, PAMM, HFCopy, and Islamic or Auto account.

You will find a compare option of all accounts on the HotForex official page. Let’s see how the company designed accounts for its clients.

Micro account

The Micro account for specialty beginner. The minimum deposit is only $5 that a beginner can afford easily and the maximum leverage is suitable that 1:1000. This account spread starts from only 1 pip.

Premium account

The Premium account for intermediate traders, who are some skills from the beginner or novice traders. The account starts from $200 deposit, and this account offers the maximum leverage of 1:5000.

The account spread is the same as the micro account 1 pip, and the account max Simultaneous Open Orders are 300.

Zero spread

As the name you can guess, the account Spreads Types is Variable and start from 0. The account is for intermediate and expert traders.

You have to deposit a minimum of $200 for it and the maximum leverage is 1:500 that same with the premium account.

Auto account

The account minimum deposit is $200, the spread is variable, and spread starts from 1 pip, the leverage you can choose up to 1:500, and the Max Simultaneous Open Orders 300.

PAMM account

This is also a premium account. The account starting deposit is higher from the above accounts. It starts from a $250 deposit. But the leverage is not maxed, you can choose leverage up to 1:3000. The account spread starts from 1 pip, Spreads Types Variable, and Max Simultaneous Open Orders 500.

HFCopy account

It’s a special account for both Strategy Providers (SPs) and Followers. The account trading platform is MT4. The minimum deposit is $500 for strategy provider and $100 for followers and the leverage is up to 1:1400 and spread also start from 1 pip. The account Max Simultaneous Open Orders 300.

If you have any queries about accounts you can contact via telephone +44 2033185978, email, and live chat.

Trading platforms

The HotForex broker offers the MT4 platform and recently announced the MT5 platform. The MT4 and MT5, both are popular and powerful trading platforms. HF has a platform comparison system. There is some difference in the environment, chart, colors, and features.

MT5 Platform

The MT5 platform speed is 64 bit, multi-threaded.

Timeframes 21

Technical Indicators 38

Pending Order Types 6

Strategy Tester Multi threaded

Analytical Objects 44

The platform accepts to create your own technical indicators and Expert Advisors and

There is a built-in Economic Calendar.

MT4 Platform

The MT4 platform speed is 32 bit, mono-threaded.

Timeframes 9

Technical Indicators 30

Pending Order Types 4

Strategy Tester Single threaded

Analytical Objects 31

The platform doesn’t accept to create your own technical indicators and Expert Advisors and

There is no built-in Economic Calendar.

Tools and educations

The broker provides a lot of tools in two categories: Trading Tools and Analysis Tools. These are:

• Premium Trader Tools
• Autochartist Tool
• HotForex Exclusive Analysis
• Economic Calendar
• SMS Service
• Traders Board
• HotForex VPS Hosting
• One Click Trading
• Auto Trading
• myHF Area
• Risk Percentage Calculator
• Multitarget Calculator
• Pivot Points Calculator
• Pip Value Calculator
• Position Size Calculator
• Risk and Reward Calculator and
• Fibonacci Calculator

The HF broker a lot of educational materials including trading webinars, educational videos, tutorials, Forex FAQ’s, Fundamental & Technical Analysis.

Bonus and Promotions

The HF always offers a lot of trading bonuses and contests. These promotions attract traders and help their clients to increase trading profit and helps to test their trading skills and IQ.

Currently, HF promotions are running:

• 10th anniversary promotion
• Hotforex gadget giveaway
• Traders awards 2020
• Demo contest and
• Hotforex merchandise

HotForex client service

The HF markets client review is good. The broker provides support in 27 languages.  The broker provides support 24/5 during Market opening hours.

You can contact them through website live chat, website contact form, email, phone, and fax.

Here is the global support:

Customer Support:        [email protected]

Customer Support:        +44-2033185978

Also, the HF has a local support system, check their contact page.