HotForex
4.3/5

HotForex

✔ Free trading account funding ✔ Low spreads
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Home » HotForex

HotForex is a forex and CFD broker that was founded in 2010. With more than 10 years of experience in business, this broker has got over 2 million clients with live accounts globally. It also supports over 27 languages, making it one of the best brokers for forex and CFD trading globally.

Pros
  • Low spreads starting from 0.1 pips.
  • Free trading account funding.
  • $5 minimum deposit for the micro account.
  • HFCopy platform to mirror expert traders’ positions.
Cons
  • Limited asset availability.
  • Although it offers a copy trading platform, social trading capabilities are not available.
hotforex official site
hotforex broker
hotforex
hotforex mobile
hotforex official site
hotforex broker
hotforex
hotforex mobile

HotForex – Who Are they?

HotForex is a forex and CFD broker that provides a low-cost trading environment. Products available include forex, commodities, shares, indices, bonds, and ETFs. This broker is regulated by the best world recognised financial authorities, including the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

HotForex has a demo trading account that’s loaded with $100,000 virtual funds to practise trading with before creating a live trading account. What’s more, it supports traders with impeccable learning resources to boost their trading skills. This includes articles, recorded videos, webinars, and more.

hotforex review

The trading account of HotForex is user friendly and easily customisable for all traders. What’s more, various types of accounts are included on this broker’s platform, including the micro account, premium account, HFCopy account, zero spread account, and more. Therefore, you will choose a trading account based on your requirements and experience level. 

The platforms available on HotForex are the MetaTrader 4 and MetaTrader 5, which are all ECN/STP supported. In addition, they have advanced trading tools and execute trades seamlessly on desktop and mobile devices, allowing you to trade with your devices anywhere you see fit. 

Compare HotForex With Other Brokers

Compare with other broker
Minimum deposit
Payment & Withdraw options
Fee on Amazon
Fee on GBP/USD
Fee on Bitcoin
Fee on ETFs
Fee on Gold
Software
License
Demo account
Money Insurance
Stock Assets
Forex Assets
Commodities Assets
ETFs Assets
Cryptocurrency Assets
hotforex logo
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
$5
Bank Wire Transfer, Credit cards, Neteller, Skrill, WebMoney
0.80 – 1.20
1.20
0.80 – 1.20
0.80 – 1.20
0.80 – 1.20
MetaTrader 4, MetaTrader 5, HotForex FIX/API
CySec, FCA
Yes
Yes, up to EUR 5,000,000
951
47
5
50
5+
eToro logo
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Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
$200
Credit card, PayPal, Bank transfer, Neteller, Skrill, WebMoney
0.1%
0.1%
From 1.5%
0.1%
From 2 pips
eToro Proprietary Platform
ASIC, CySec, FCA, FSAS, FSCS
Yes
Yes (up to $115,793)
2044
47
13
145
15
Plus500 logo
Visit site
Risk Warning
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
$100
Bank Wire Transfer, Credit cards, Paypal, Skrill
Spreads apply*
Spreads apply*
Spreads apply*
Spreads apply*
Spreads apply*
Plus500 Webtrader
ASIC, FCA, FSCA
Yes
2000+ (CFDs only)
70+ (CFDs only)
4 (CFDs only)
96 (CFDs only)
9 (CFDs only)
CMC Markets logo
Visit site
Risk Warning
69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
No
Credit cards, Paypal
0.08%
0.11%
From 0.7 pips
0.08%
From 0.3 pips
MetaTrader 4
FCA, BaFin
Yes
Yes (up to $115,793)
8,000
338
136
1,000
13

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Our Opinion About HotForex

We conclude that HotForex is a trusted broker. Therefore, feel free to trade with it. This is because it is regulated by tier-one authorities across various countries globally. The broker also stores your trading funds in a segregated account, guaranteeing its safety even when it becomes insolvent. 

Opening a trading account is easy and quick, and with a $5 minimum deposit, you get to trade on its micro account. The standard account will require a $100 deposit, which is generally low compared to its peers’ requirements. 

HotForex charges one of the lowest trading spreads and commissions, and all transactions are free of charge. Additionally, newbies get to enjoy the copy trading features by mirroring the positions of expert traders. Unfortunately, this broker doesn’t have the social trading feature.

We highly recommend HotForex to novice and expert traders alike since you get to trade with excellent research resources. Learning materials are also available in plenty and good quality, allowing you to quickly improve your knowledge and skills

HotForex also has reliable customer service that provides relevant solutions to your trading problems. You can reach out to its customer service via phone, email, or live chat. However, their availability is only five days a week, so ensure you schedule your trading activities accordingly. 

Thadeus Geodfrey
Thadeus Geodfrey

is a copywriter with extensive experience in trading. Thadeus knows exactly his field and what he writes about. His goal is to make life easier for traders and provide them with important information about brokers. Now, he continues to be active in trading and researching brokers for you.

There is no need to doubt his experience because the guides Thadeus writes speak for themselves. He knows exactly what to draw your attention to and will tell you truthfully about each trading platform.

HotForex Details

Licences
OnlineTrading.Reviews Rating:
✔ Free trading account funding
✔ Low spreads
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
5.0
Customer support
5.0
Commissions & Fees
4.0
Platform & Tools
4.0
Research
4.5 Overall Rating

One Reply to “HotForex”

  • S. Gabrielle says:

    HotForex is the best broker I’ve ever found! Their customer care is very nice, also their deposit and withdrawal process is quite good!

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