Reviews of the best Forex brokers on the market.

HotForex

HotForex Review

Author
  • Leverage
  • Platforms
  • Funding
  • Support

HotForex, a brand name of HF Markets Europe Ltd is a company headquartered in World’s Forex Homeland – Cyprus. Being a reputable broker with years of market experience, HotForex has obtained regulations from CySEC, BAFiN and FCA. As a broker with an outstanding performance, HotForex has been rewarded with over 10 wards in the last few years only. As a broker, HotForex provides access to foreign exchange, binary options, commodities and equity markets.
  • MetaTrader 4
  • Mobile Apps
  • Deposit Bonus
  • Live Support
  • US Traders

HotForex Review

HotForex Bonuses

If you are looking for a broker that provides not only great services but also great offers, HotForex is a right place for you, click here to view the bonus offerings now.

100% Credit Bonus

If you are looking for a substantial bonus offer or just an increased leverage for your trading, then this offer is perfect for you. With 100% Credit Bonus by HotForex you can trade with twice bigger margin, however you have to note that this bonus cannot be lost. Upon the completion of the minimum trading volume you can of course withdraw the bonus funds and use them in any way you like with no strings attached.

30% Rescue Bonus

This is a great offering for the people that are not looking for large volume trading, but are aiming into taking a position. With 30% Rescue Bonus you are able to exercise additional margin as well as to use the bonus funds to cover the trading losses. This is a less generous bonus offer than the 100% Credit Bonus, however in many cases it could be more wise to use it. In general, this is a bonus that lets you use your trading capital without adding a margin of your funds into a capital used when getting a stop out. Note that this bonus cannot be withdrawn.

HotForex Trading Accounts

HotForex offers you a wide selection of trading accounts, so you are able to choose the account that matches your needs in a best way.

HotForex Accounts

The table above clearly illustrates the difference among the offered accounts and as you can see, the main difference occurs in terms of the minimum deposit. Stop Out Levels and Commissions.

OctaFX ECN accounts start at 50 USD and the minimum trading volume per position is 0.1 lot. This account is perfect for the large traders and people that prefer trading exotic pairs, since it has 28 currency pairs available. Below you can see the key features of the account.

HotForex MetaTrader 4

Choosing HotForex as your broker is relatively easy, since you wouldn’t need to get used to a new trading platform, because HotForex gives you an access you the world’s leading software – MetaTrader 4.

HotForex MetaTrader 4 MultiTerminal

If you like to trade with more than 1 account, then you can easily accomplish this with HotForex by gaining an advantage from MetaTrader 4 MultiTerminal, a program that let’s you trade on numerous trading accounts in the same time.

HotForex WebTrader

If you are running a MAC OS or just would like to trade from a browser, then HotForex is a right choice for you.

HotForex WebTrader

This trading platform can be run in seconds, while it uses the same account credentials as you would use for a regular MT4 account. On top of it, this platform is available for every trading account within HotForex.

Mobile Trading

Trading on a mobile is quite accessible with HotForex too. You don’t have to be in front of your PC to trade, you can literally perform it from any place in the world. This brokers offers trading terminals for Android, IOS and Blackberry mobile devices, this way you can always trade on the go.

HotForex Deposit and Withdrawal Methods

HotForex is a broker that performs best in terms of the available payment methods for both depositing and withdrawing. While most of the brokers support credit cards, wire transfers and a few online payment systems, HotForex outperforms them by offering deposits and withdrawals via:

  • Banks
  • Credit Cards
  • Debit Cards
  • WebMoney
  • Skrill
  • WesternUnion
  • Ideal
  • Neteller
  • Sofort
  • Trust Pay
  • and More

HotForex doesn’t charge any commission on deposits and it even goes beyond it by returning any commission paid to the banks for the deposits over 250 USD.

HotForex Support

This is a broker that aims to deliver the services without any disturbance, however in the case the issues arise, they are mixed in a timely manner and with a great degree of professionalism. HotForex supports its tradings in many languages, among which you will find the following especially useful:

  • Arabic
  • Chinese
  • English
  • Farsi
  • German
  • Japanese
  • Norwegian
  • Portuguese
  • Russian
  • Spanish
  • Swedish
  • Thai

 

HotForex Review Conclusion

As a broker with over 6 years of market presence and regulated by FCA, BAFiN and CySEC, HotForex provides great brokerage services. Its clients can trade all types of markets, ranging from FX to CFDs on Stocks. Also, HotForex offers a great selection of the trading accounts, extensive amount of educational packages and great trading tools, so with this broker you can be sure that all of the needed items are at your fingertips. Finally, the support of HotForex is premier.

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