HotForex.com Review

ECN Forex Review: HotForex

HOTFOREX REVIEW

HotForex General Info

◘ Company: HotForex is the Trading Name of HF Markets Europe Ltd

◘ Offices: Headquarters in Cyprus and other offices in many other countries around the Globe

◘ Regulation: HotForex is regulated by FCA UK, CySEC but it is also registered with CONSOB, ACP France, AFM Netherlands, and CNMV Spain

◘ Years in the Market: HotForex was founded in 2007

◘ US Clients: HotForex forbids US Clients (NO)

◘ Islamic Accounts: HotForex offers Islamic Swap-Free Accounts (YES)

◘ Order Execution: ECN / STP Execution

HotForex Trading Info

◘ Server Time: GMT+1

◘ HotForex Typical Spread (EURUSD): 0.6-1.4 pips Fixed Spread

◘ Trading Leverage: HotForex offers a max leverage of 30:1

◘ HotForex lot: 0.01 to 0.5

◘ HotForex Scalping / Hedging: Hedging / Scalping is allowed by HotForex -Yes

◘ Automated Forex Trading: HotForex allows Automated Trading and Forex Robots -Yes

◘ Minimum Deposit Account: Minimum deposit is 1 USD

◘ HotForex Account Currencies: Accounts in HotForex may be held in Euro and US Dollar

◘ HotForex Deposit Methods: Bank Wire, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, and WebMoney

HotForex Asset Index

HotForex provides an extended Asset Index containing many currency pairs. There are 43 Forex Pairs plus 5 popular commodities, 36 World Stocks, and 12 popular Indices.

In the following table, you may find a full list of HotForex currency pairs. The spreads presented are typical and concern regular accounts. VIP accounts provide tighter spreads.

HotForex Platforms

◘ Trading Platforms: HotForex offers MeaTrader4, WebTrader, and Fix-API

◘ HotForex Website Languages:

The website offers 13 languages.

◘ HotForex Customer Service Languages:

Customer service supports many languages: English, Arabic, Chinese, German, Greek, Hindi, Japanese, Korean, Russian, Spanish

HotForex Review: Advantages and Disadvantages

HotForex Review Conclusions

Headquartered in Cyprus, HotForex operates as an ECN/STP forex broker and maintains a broad international presence with offices in various countries. One of its key strengths is the safety of client funds. The broker is regulated by several top-tier authorities including the UK’s FCA, Cyprus’s CySEC, and the MiFID framework. It also holds registrations with additional European regulators. To ensure fund security, HotForex uses segregated bank accounts for client deposits—a critical safeguard in today’s trading environment.

Customer support is another standout feature. HotForex provides multilingual assistance in 13 languages and offers dedicated personal account managers. Support is available through live chat, email, and phone, making it easy for traders to get timely help. The broker supports MetaTrader 4, WebTrader, and mobile trading apps for both Android and iOS, ensuring accessibility across devices. Traders also benefit from advanced tools such as FIX API integration and free VPS hosting for deposits above $5,000, which are particularly useful for high-frequency and automated trading strategies. Both scalping and automated trading are fully supported.

In terms of trading conditions, HotForex offers high leverage up to 30:1 and competitive spreads. While standard account spreads are in line with industry norms, VIP accounts can access significantly tighter spreads. The broker’s asset selection is broad, featuring 43 forex pairs, CFDs on global stocks and indices, and five popular commodities. This variety makes HotForex a versatile option for traders with diverse strategies and interests.

Opening an account is easy, with a minimum deposit requirement of just $5. A wide range of funding options is available, including credit/debit cards, wire transfers, Skrill (Moneybookers), Neteller, WebMoney, and more. New clients are welcomed with a 30% deposit bonus, and HotForex frequently runs additional promotions. The broker also caters to investors through PAMM and MAM accounts, as well as managed account programs operated by professional trading teams, offering both flexibility and choice for retail and institutional clients.

■ HotForex Forex Broker Review

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