Introduction and Background information
Founded in 2010, HotForex regulated by 6 different authorities. HotForex is a MetaTrader-only broker offering market-maker execution across a perplexing variety of six different account types. HotForex is not publicly traded and does not operate a bank.
HotForex operates as a unified brand of the HF Markets Group and maintains a regulatory status in Europe via Cyprus under its HF Markets (Europe) Ltd entity. It is also represented in several emerging regulatory hubs such as South Africa, Seychelles, Mauritius, and St. Vincent and The Grenadines.
HotForex permits hedging as well as scalping, news trading, and the use of EAs.
With six different account type options, pricing at HotForex varies greatly by account type.
ECN, Premium, Fixed, Micro, Copy
Minimum initial deposit is $5. Maximum Leverage is 1:1000
HotForex offers 49 currency pairs and 104 CFDs including cryptocurrencies, indices, stocks and commodities.
Customers have access to just over 150 securities, and limitations apply; for example, crypto CFDs are not tradeable on weekends.
HotForex also offers social/copy-trading.
HotForex provides research resources that include analysis and trading tools incorporating content from in-house staff and third-party providers. FxStreet provides forex news, and trading signals generated by automated pattern recognition are available from Autochartist.
CySEC #183/12, FSC Mauritius #C110008214 , SVGFSA #22747 IBC 2015, FSA-S #SD015, FSCA #46632, DFSA # F004885
HotForex is a MetaTrader broker that offers the entire MetaTrader suite, including both MT4 and MT5 desktop and web. The desktop version supports automated trading systems known as Experts through the MQL5 signals community.
While MetaTrader4 and MetaTrader5 come standard, HotForex does provide customers an optional suite of trader tools, called Premium Trader Tools, developed by FX Blue Labs. Highlights from the 12 tools provided in the package include Trade Terminal for advanced order execution, Connect for news, Alarm Manager for alerts, and additional technical indicators like Renko bars, pivot points, and order history.
MT4 and MT5 come standard on Android and iOS. HotForex also offers HF App, which is its proprietary mobile platform with various research and trading tools and calculators, although it does not permit direct trading.
Deposit and Withdrawals
Deposit Methods: Bank Wire, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney
Withdrawal Methods: Bank Wire, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney
HotForex offers six account types, ranging from Micro to Premium, as well as accounts with fixed spreads, and one account dedicated to copy trading.
On the Zero account, typical spreads are 0.3 pips on the EUR/USD and incur a commission of roughly 0.6 pips per trade, totaling an all-in cost of 0.9 pips. On the Zero account, trading costs are lower, but margin requirements are twice as high as the Premium account, where typical spreads are 1.2 pips.
Email – [email protected]
Phone – +44-2033185978