HotForex Review

Last Updated : Tuesday 12th September 2017

Written By Tim Baudin
Forex Trading Instructor

Regulation : FSC, CySEC

Accepts US Clients: No

Min. Deposit : $5

Leverage : 1:1000

Platforms : HotForex MT4, WebTrader, Smartphone Mobile Trading, HotForex iPhone Trader, HotForex iPad Trader, HotForex Droid, Blackberry Trader, HotForex RapidTrader FIX/API​

We Like

  • Very Low $5 Min deposit
  • High leverage ratio (maximum 1:1000)
  • Wide range of trading instruments with low spreads
  • Various trading platforms
  • Comprehensive customer support

We Don't Like

  • Do not provide charting packages
The Verdict :

Their minimum deposit, high leverage ratio, wide range of trading instruments and various types of trading platforms made them very popular forex broker.

HotForex offers fast and easy withdrawal process which attracts more and more traders to trade with them. Advanced trading platforms and forex education corner have made this broker popular for new comers

  • Expert Opinion
  • User reviews
  • Specifications
Platform:
Trading PlatformsHotForex Meta trader 4, Meta trader 4 for Mac, HotForex Web Trader, Smartphone Mobile Trading, HotForex iPhone Trader, HotForex iPad Trader, HotForex Droid, Blackberry Trader, HotForex RapidTrader FIX/API
OS CompatibilityMAC, Windows, Android, iOS, Web
Mobile TradingYes
Web Based TradingYes
Platform LanguagesArabic, Bangla, Chinese, Czech, English, Farsi, French, German, Greek, Hindi, Japanese, Korean, Lithuanian, Portuguese, Punjabi, Slovak, Spanish, Urdu
Addition ServicesStreaming News Feed, Code Base, Trading Signals
Other Tradable InstrumentsMetal, Oil, Gold, Indices, Stocks, CFDs
HedgingNo
ScalpingYes
Trailing StopYes
One Click TradingYes
Automated TradingNo
OCO OrdersYes
Account Details :
Max Leverage1:1000
Min. Initial DepositMicro - $5
Premium - $500
VIP - $40000
FIX - $500
Currenex - $500
Zulu - $50
PAMM - $500
CommissionsNo
Typical Spread (Majors)EUR/USD – 1.6
GBP/USD – 2.5
Deposit OptionsWire Transfer, Credit Cards, Webmoney, Liberty Reserve, Moneybbokers, Perfect Money, Cash-U, Neteller, U-Kash
Withdrawal OptionsWire Transfer, Credit Cards, Webmoney, Liberty Reserve, Moneybbokers, Perfect Money, Cash-U, Neteller, U-Kash
Demo AccountYes
Account TypesMicro, Premium, VIP, FIX, Currenex, Zulu, PAMM, Islamic
Number of pairs offered40
Dealing DeskNo Dealing Desk. (STP/ECN)
Additional FeaturesFree education, Personal Manager, Managed Accounts, Traders Board, Trading Calculators, Economic Calendar, VPS Hosting, Video Tutorials, Trading Signals, Trading Central Analysis
Bonus and Promotion:
No Deposit BonusNo
First Deposit Bonus100% Credit Bonus + 30% Rescue Bonus
Other Promotional OffersDemo Contest, Hit the Bullseye Contest, Refer a Friend Promotion, Top Affiliate Competition, HotForex Merchandise, Deposit Reloaded, Traders Awards
Company Information :
Headquarter InMauritius
Established Year2008
Regulating AuthorityFSC, CySEC
Websitewww.hotforex.com
US Clients AcceptedNo
Customer Support LanguagesArabic, Bangla, Chinese, Czech, English, Farsi, French, German, Greek, Hindi, Japanese, Korean, Lithuanian, Portuguese, Punjabi, Slovak, Spanish, Urdu
Support by24/5 Phone, Email, Live Chat