HotForex Review: An Award Winning Broker To Trust

Last Updated: 09.05.19
Overall Rating
4.5/5
Overall Rating
5/5
Features
3/5
Desktop Experience
3/5
Mobile Experience
3/5
Education
3/5
Platform
3/5
Customer Support
3/5
Transaction
3/5
Trust
3/5
Features:
3/5
Customer Support:
4.2/5
Trusts:
2/5
Education:
5/5
Desktop Experience:
4/5
Withdrawal:
3.1/5
Mobile Experience:
1/5
Platform:
5/5
Home » Broker» CFD,Cryptocurrency,Forex» HotForex Review: An Award Winning Broker To Trust
1 Min Deposit$5
2 Demo Accountyes
3 RegulationCySEC, MiFID, ACIIF, FCA
4 Mobile Appyes
5 Spread1 Pips
Overall Rating
5/5

HotForex Review- An Award Winning Broker To Trust

A complete and authentic HotForex Review will give traders a clear and concrete idea about this award-winning broker.

HotForex is serving both retail and institutional clients. The broker platform is famous for Forex and Commodities. 

Since 2010, the broker platform is providing the best possible trading environment for its traders.

The financial market needs more attention while trading with popular trading instruments.

Hot Forex is giving facilities to trade with the favorite trading instrument while learning.

They have a wide range of trading platforms with different trading and analyzing tools.

As per their claim, this is not only their mission but also promise to their client-

“To provide the best customer service to our clients by maintaining a superb client-centric culture”

The Vision is-

“Maintaining our position as a Market Leader known for our Super Customer Services”

This platform aims to use cutting-edge technology, innovative system solution, low-cost commission, and unrivaled customer service.

HotForex provides reliable, award-winning trading services to its clients all over the world.

There is no doubt that they gave paramount importance to their clients.

Their target is to improve the overall trading experience and give them a user-friendly trading platform.

We covered this article full of information regarding the HotForex company.

The features of this platform, account opening, deposit and withdrawal process, pros and cons, trading tools, and so many things will add an extra layer on this article.

Our purpose is to enlighten your knowledge before taking the right decision either you want to trade with HotForex or stay back.

HotForex Review

HotForex is started their journey in 2010 as an online Forex and CFD broker.

They are working as a full-service Forex and CFD brokers. They have a wide range of trading instruments for CFD.

Traders can trade CFD’s on Metal and Energies, Indices, Shares, Commodities, Bonds and newly added another one is Cryptocurrency.

HotForex has more than 7 years of business experience.

More than 200 plus employees around this globe are continuously helping traders to trade risk-free trading.  

Novice traders are always having fear to lose money. HotForex provides trading education to those traders for trading the most volatile market.

This full-service Forex and CFD broker is assuring secure, trusted and educational based trading platform.

Moreover, there are also expert advisors for both scalpers and traders.

Trading terms and conditions are based on different countries.

Depending on the country and trading place, they follow those rules. 

The platform has more than 27 supported languages. You can set your preferred language from the list. 

Premium trader tools added extra trading confidence.

They have 12 trading platforms, which are specially designed for both novice and expert traders.

You can download those trading platforms from the app store. 

After opening the HotForex website, you will find a chart. The chart will show you the current market price of trading instruments as well as the spread. 

Why HotForex

To start with, a broker it is mandatory to check the regulation.

Each broker has some key features. Before depositing money, traders need to check those features.

The tagline of HotForex is-

“Honesty-Openness-Transparency”

After analyzing this broker properly, we came up with some key features:

  • Trusted and Regulated broker
  • 6 types of trading account
  • Demo account facilities
  • Minimum deposited amount $5
  • Maximum leverage 1:1000
  • Available ZERO spread facilities
  • Max Simultaneous Open Orders 500
  • Maximum trade size 60 standard lot per position
  • Minimum margin call 40%/10%
  • $0 fees on deposits
  • 24/5 customer support
  • Trading rewards
  • Free account funding
  • 12 trading platforms
  • Live trading Analysis
  • 18 trading tool
  • Swap free Islamic account
  • More than 150 trading products
  • E-course and Video tutorials
  • More than 12 funding methods
  • Mobile trading available
  • Winner of 20 industry awards
  • Custom accounts facilities
  • No US client acceptance
  • Mobile SMS service

There are also some other features to make this trading platform much easier for traders. We will explain all those one by one.

Regulatory Environment

Broker regulation is important to serve a trader without any scam activities.

HotForex is a unified brand name of the HF Markets Group. 

The Cyprus Securities and Exchange Commission (CySEC) is the supervisory and regulatory authority for Investment Services firms in Cyprus.

CySec is a member of the Committee of the European Securities and Markets Authority (ESMA)

There are many memberships, which has been acquired by HotForex:

  • Regulated by Cyprus Securities and Exchange Commission
  • Governed by the Markets of Financial Instruments Directive (MiFID)
  • Member of the Cyprus Investor Compensation Fund
  • Member of Association of Cyprus International Investment Firms (ACIIF)

HF Markets (SV) Ltd incorporated in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015

HF Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.

HF Markets (DIFC) Ltd is authorized and regulated by the Dubai Financial Services Authority (DFSA) under license number F004885.

HF Markets SA (PTY) Ltd is an authorized Financial Service Provider from the Financial Sector Conduct Authority (FSCA) in South Africa, with authorization number 46632

The Seychelles Financial Services Authority (FSA) regulates HF Markets (Seychelles) Ltd with Securities Dealer’s License number SD015.

HF Markets (Europe) Ltd a Cypriot Investment Firm (CIF) under number HE 277582. Regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 183/12

HF Markets Ltd regulated by the Financial Services Commission (FSC) of the Republic of Mauritius, category 1 Global Business No. C110008214 License | Company Reg. No. 094286/GBL.

Awards And Achievements

HotForex is an award-winning broker. They dedicated their success to their clients and dedicated workforce.

They achieve numerous prestigious titles from other Forex industries.

Recently, this broker was selected to join the ranks of the WORLD FINANCE TOP 100 GLOBAL COMPANIES which is a huge honor for this company.

More than 20 awards are received by this broker for their excellent trading service. 

We are mentioning their distinguished achievement below:

  • THE BIZZ 2017 PEAK OF SUCCESS (World Confederation of Business)
  • TOP 100 COMPANIES (World Finance Magazine)
  • BEST NEW FOREX BROKER SOUTH AFRICA 2016 (Global Banking and Finance Review Awards)
  • BEST FOREX NEWS AND ANALYSIS PROVIDER 2016 (Mena Dubai FX Show)
  • BEST FOREX BROKER MIDDLE EAST 2016 (17th Mena FFXPRO)
  • BEST CUSTOMER SERVICE 2015 (European CEO Awards)
  • BEST CLIENT FUNDS PROTECTION BROKER AWARD 2015 (Mena Dubai FX Show)
  • BUSINESS EXCELLENCE 2015 (World Confederation of Business)
  • BEST FX ONLINE BROKER 2015 (New Europe Magazine)
  • BEST CLIENT FUND SECURITY 2014 (Global Financial Market)
  • BEST FOREX BROKER WESTERN EUROPE (IAIR Awards)
  • BEST FOREX BROKER IN CHINA 2013 (CIOT Expo)
  • BEST ONLINE BROKER ASIA 2013 (World Finance Magazine)
  • BEST INTRODUCING BROKER PROGRAM 2013 (International Finance Magazine)
  • BEST FOREX BROKER IN THE GULF 2013 (Mena Dubai FX Show)
  • BEST FOREX AFFILIATE PROGRAMME WESTER EUROPE IN 2013 (Global Banking and Finance)
  • BEST FX ONLINE BROKER 2012 (New Europe Magazine)
  • BEST ONLINE BROKER EASTERN EUROPE (World Finance Magazine)
  • BEST ONLINE BROKER IN ASIA 2012 (World Finance Magazine)
  • BEST FOREX AFFILIATE PROGRAM 2012 (Global Banking and Finance)
  • AtoZ FOREX APPROVED BROKER (Atoz Forex)

HotForex Login And Sign-Up Process

You can choose either Live Account or a Demo Account before signup with HotForex. 

To open a Live Account,  you have to enter your information along with personal information.

Registering with HotForex account is Free. To start the registration process you need to click the Open “Open Live Account”. After that, a page will appear with a form.

You have to select the account currency base and the client type from that “Client Type Information” section. In the client type section, you will get three types of clients- Individual, Corporate and Joint.

In the “Personal Information” section, you have to fill with your country residence. This is mandatory to mention that, the trading rules and regulation will change depends on your region. You have to give your title, your full first and last name, and email address, date of birth and contact number.

There is a part of the “Email Subscription” option. You will receive company news, product updates, and promotions after subscribing to it.

A simple security question will appear and you have to solve it before registration.

A unique ID and Password will send to your email address and you have to log in with that information.

After LOGIN into the account, traders need to fill up “Investor Information and Economic Profile”, “Trading Knowledge and Experience” and “Declaration” to complete the registration.

To have your HotForex account approved you have to upload documents of “Proof of Legal Existence” and “Proof of Address”.

If you are unable to upload your documents from the certain page then you can send an email to them including your Account ID in the email subject line.

After selecting a right trading account and depositing money, you are ready to perform your trade with HotForex.

From the next time, you will able to LOGIN your account simply giving your Account ID and Password.

Account Verification

It is necessary to verify your trading account with all legal documents. 

Without verifying the account, you will not able to access the live trading platform. 

You need to submit at least two documents for a live account.

After checking all documents, a confirmation mail will send to your email address. 

These documents are: 

  • Proof of Identification – current (not expired) colored scanned copy (in PDF or JPG format) of your passport. If no valid passport is available, please upload a similar identification document bearing your photos such as National ID card or Driving license.
  • Proof of Address – a Bank Statement or Utility Bill.  However, your documents should not be older than 6 months and that your name and physical address is clearly displayed.

Alternatively, you can also send your documents via mail. 

Demo Account: Practice Gateway

The demo account will reflect the live account to traders.

Apart from the trading risk, the demo account-trading environment is closely similar to live account-trading environment.

A demo account is needed to gain trading experience so that, traders can enter the market with experience.

According to their website, there are few advantages available in a demo account: 

  • Unlimited usage
  • Real market conditions
  • Test trading strategies
  • Access to trade with the MT4 Terminal and Webtrader
  • Up to $100,000 virtual opening balance

To open a demo account there are two steps-

  • If you are existing clients then you can simply open a new demo account after login into the HotForex area.
  • For new clients, first, you have to register with the HOTFOREX account for access to the HotForex area and then open a new demo account.

After opening a demo account, you will get login credentials like User ID, Trader’s password, Investor’s password, phone password, and the server details.

You have to download MT4 Platform to operate a demo account.

The Trader’s password can be used to access the HotForex Platform. You will able to place your trade from that platform.

The Investors password can be used to provide view-only access to your account in the HotForex MT4 Platform.

HotForex Account Types

HotForex offers a wide variety of account types. The broker is committed to offering the best trading condition to its traders.

There are six types of trading accounts for international traders.

On the other hand, traders from Europe continent will get five types of trading account with some specific trading requirements.

 Each account type is highly competitive and distinct trading conditions.

Specifically, Trading accounts are designed to meet the needs and demands of all types of traders.

The trading accounts are-

  • MICRO
  • PREMIUM
  • ZERO
  • AUTO
  • PAMM
  • HFCOPY

Here, investors mostly use PAMM and HFCOPY.

We will briefly describe these two types of account after describing the rest.

HotForex PAMM Account

HotForex PAMM account allows investors to invest money into trading by funding their money to the experienced fund manager.

Fund Manager will trade on behalf of the investor.

You can trade by taking expert advisors. Moreover, traders have the ability to withdraw a partial amount.

If the PAMM manager wins the trade, then he or she will charge a success fee.

Before accepting any client, the Fund manager needs to deposit an initial amount. The initial amount is known as the Manager’s Capital.

After completing a few successful trades, the fund manager will publish his PAMM manager offer and accept clients.

He will declare his success fee when he states the offer.

There are two types of account for PAMM manager.

As a PAMM manager, you have the choice to open a premium account or a premium plus account.

The manager will decide depending on his or her trading objectives.

Before selecting a particular PAMM manager, you have the opportunity to see all manager’s performance from PAMM Performance table.

You can see their deposit amount information, Manager’s gain, maximum drawdown, minimum top up, and other information.

There are a few benefits for Fund Manager. PAMM programs give you the flexibility to maximize your trading portfolio.

Why you should become a HotForex PAMM Fund Manager:

  • Trading Security
  • Success
  • Maximum Control
  • Automation
  • Get Alerts

On the other part, investing in PAMM program also gives you total benefits of entering the trading market with low risk.

Why you choose the HotForex PAMM without keeping any doubt in your mind?

The reasons are-

  • PAMM manager accountability
  • PAMM manager account transparency
  • Flexible deposit and withdrawal
  • Control the trading risk
  • Can choose more than one PAMM manager

HotForex HFCOPY

HotForex HFCOPY account is suitable for both strategy provides and followers of HotForex.

The performance fee is up to 35% for followers who copy your trade.

HFCOPY account details:

  • Maximum leverage 1:400 for International traders
  • Leverage is variable for European traders
  • The minimum deposited amount for Strategy provider $500 for International traders
  • The minimum deposited amount for Strategy provider $1000 for European traders
  • The minimum deposited amount for Follower $100 for International traders
  • The minimum deposited amount for Follower $300 for European traders
  • Minimum trade size 0.01 Lot
  • Maximum open order 300
  • Trading instrument Forex and Bitcoin
  • Margin call 50%/20% for International traders and for European traders 80%/50%
  • Maximum follower 30

Followers will be able to deposit funds and copy selected strategy provider.

It is an opportunity to practice and improve your trading skills by copying trades.

HotForex Islamic Account

Islamic account mainly focused on clients who are following Muslim faith. For holding a position overnight, there is no swap or rollover charge. The account types available for Islamic account are Micro, Premium, Auto, Zero Spread, VIP and Fix. 

This is necessary to mention that-

– The Islamic Account is available for clients of Muslim faith only. 
– A Carry charge is applied on selected currency pairs when holding overnight positions beyond a 7-day period. Please refer to our Terms and Conditions for details. 
– The Company reserves the right to revoke the Islamic Account status granted to any trading account.

HotForex MT4 And MT5: Trading Platform

Traders use the trading platform to perform trade. Some brokers use their propitiatory trading platform and some are not.

HotForex has designed their platforms to ensure the trader’s trading flexibility.

Both Meta Trader 4 and Meta Trader 5 are a powerful trading platform.

However, there are certain differences between platforms. Traders will decide which is the best suit for them.

The MT5 trading platform is giving an opportunity to create custom indicators where the MT4 trading platform is failed to create this opportunity.

In the MT5 platform, there is build in an economic calendar available.

You cannot use your Meta Trader 5 accounts in Meta Trader 4 platform.

To trade with MT5, you need to open an account in the MT5 platform.

You can open a demo account to practice your trading. Moreover, you can trade on both platforms parallel.

  • HotForex MT4 Terminal
  • HotForex Multiterminal
  • MT4 Web Terminal
  • HotForex iPhone Trader
  • HotForex I pad Trader
  • HotForex Android
  • HotForex MT5 Terminal
  • HotForex iPhone Trader
  • HotForex I pad Trader
  • HotForex Android
  • MT5 Web Terminal

Rapid Trader API/FIX

Apart from these platforms, there is another platform HotForex Rapid Trader API. This platform is powered by Integral.

This platform is the perfect solution for professional traders looking to take advantage of a dynamic, integrated environment.

The minimum-deposited amount is 20,000 USD. This is an ideal product for traders because-

  • Advanced order types
  • Automated quotes engine
  • Automated trading systems outside of MT4
  • Order routing management systems

Who uses API Forex Trading:

  • Corporations, brokers, hedge funds and money
  • Companies integrating Forex trading into their treasury systems
  • Brokers hedging the exchange rate exposure of their equity positions
  • Customers creating user interfaces customized to the HotForex Forex Trade system
  • Retail customers developing proprietary trading models

 The margin requirements on FIX/API accounts:

  • 2% All FX pairs (excluding CHF, CNH, and RUB)
  • 3% Gold and Silver
  • 5% CHF pairs
  • 20% CNH and RUB pairs

Note: For European countries, this product is not available for trading.

HotForex App: Mobile Trading

Traders have complete control over their trading account.

HotForex is giving their traders mobile trading facilities.

You can just download the trading platform in your mobile device and enjoy the trading environment.

MT4 and MT5 platform are available in android, IOS and windows power devices. You can download from the Google Play Store and Apple’s App Store.

Advantages of Mobile Trading:

  • Trade from anywhere
  • Complete control over the trading account
  • All types of order
  • Over 20-30 indicators
  • Secure
  • Confidential
  • Real-time trading experience
  • Easy to carry
  • Interactive charts
  • Over 20 analytical objects
  • Time frames more than 5
  • Open, close and modify trade
  • Can view past history

HotForex Assets

HotForex is providing the best opportunity to trade. There are more than 150 trading instruments. Traders can trade Forex and CFD’s on Forex, Cryptocurrencies, Spot Metals, Indices, Energies, and Bonds.

In Forex trading, traders can diversify their trading portfolio.

You can trade CFD’s on popular shares such as Google, Facebook, and Apple.

For Forex trading, you can start your trading from zero Spread.

Wide ranges of Forex major and minor pairs are available in HotForex for trading.

Moreover, you can compare HotForex spreads with other famous broker platforms.

In commodity trading, you can open position from 10 USD.

Deposit Process

HotForex minimum deposit amount is $5.

The broker is giving its traders a fast transaction during the standard trading hours in 24/5. There are no deposit fees.

HotForex accepts debit and credit cards for depositing funds.

There is also an online payment option for traders. Wire transfer is also available in HotForex.

For International traders, there is no maximum deposit amount for wire transfer. You can transfer a minimum of $100 with the help of wire transfer. The fund will take between 2-7 working days to be credited to your account. For wire transfers, below USD $100 HotForex will not cover the fees. For European traders, the minimum-deposited amount is $250. For European traders, wire transfers, below USD $250 HotForex will not cover the fees.

For International traders, HotForex accepted all types of debit and credit card such as Union Pay, Maestro, MasterCard, Visa card. The maximum-deposited amount is up to $10,000 depending on the card and no fees will deduct while depositing funds.  The minimum-deposited amount via the card is $5. Payment through union pay will take no time but others method will take at least 10 minutes to fund the amount.

For European traders, HotForex accepted Maestro, MasterCard, Visa card. The maximum-deposited amount is $15,000 and the minimum amount is $50. HotForex is offering their own MasterCard for European traders. Through HotForex MasterCard, the maximum fund amount is $10,000. Payment through these cards will take up to 10 minutes.

For International Traders, there are various online payments available such as BTC payment, BTC cash payment, Skrill, Fasapay. Neteller, Bitcoin by Skrill, Webmoney. The maximum-deposited amount is $50,000 and the minimum amount is $5. No fee is applicable. Bitcoin payments will take 10 minutes to fund your account and others online payment will fund your account instantly.

For European Traders, Neteller, Skrill, and Sofort banking are available as online payment. The maximum funding amount is $50,000 and the minimum amount is $50. In general, 1-2 Business Days depending on Country for Sofort banking and others will take instant payment.

Withdrawal Process

The withdrawal option is similar to the deposit option. HotForex does not charge for bank wire transactions.

However, the sending, correspondent and receiving bank may charge according to their own fee structure.

For credit cards, HotForex cannot process withdrawal amounts that exceed the initial deposit or sum of all credit card deposits.

For International traders, the minimum withdrawal amount is $100. The withdrawal fee is depending on the bank. Depending on the bank, the withdrawal time is 2-7 days.

For European trader, the minimum withdrawal amount is $150. Depending on the bank, the withdrawal time is 2-10 days.

For International traders, HotForex accepted all types of debit and credit card such as Union Pay, Maestro, MasterCard, Visa card. The minimum withdrawal amount is $50 for Union pay and for others only $5. There are no withdrawal fees. It will take 2-10 business days, depending on your corresponding bank.

The withdrawal amount and time has no change for European traders. HotForex MasterCard is accepted minimum $5 as withdrawal amount.

For International Traders, there are various online payments available such as Bitpay, Fasapay, Neteller, Skrill, and WebMoney. The minimum withdrawal amount is $5. For Bitpay the withdrawal time is 1-3 business days and for others takes no time.

For European countries, only Neteller and Skrill are available as the method of withdrawal. The minimum amount is $5 and the withdrawal time is instant.

HotForex Bonus, Contest, And Promotion

Traders can enjoy numerous bonus and promotions. The trading contest is also available for loyal partners and VIP partners.

Both International and European traders can enjoy the HotForex bonus facility.

The trading contest offers a luxurious prize for its participants.

Winner will be awarded cash money and some other prizes.

Loyalty program is available for International Traders.

There are four different reward levels.

These are –

  • HotForex Red
  • HotForex Silver
  • HotForex Gold
  • HotForex Platinum

After completing registration, you will achieve a HotForex Red reward with six bars/Lot.

After accumulating 31 active trading days, you will qualify for Silver bars. Per lot, you will earn 8 trading bars.

Qualify for Gold reward when you have accumulated 62 active trading days and will get 10 HotForex bars. For Platinum, you have to complete 105 active trading days and will get 12 HotForex bars.

Active trading will give you more trading bars. When you have enough HotForex, bars you can make it cash.

For one USD, you have to earn 35 HotForex bar. You can also claim for Forex trading services if you have more than 100 HotForex Bars.

  • 150 HotForex Bar = 1-month subscription to auto chartist
  • 1100 HotForex Bar = 1-month access to silver VPs
  • 2500 HotForex Bar = 1-hour private session with a HotForex market analyst
  • 3100 HotForex Bar = 3-month access to silver VPs

For European traders, HotForex offers their own customized MasterCard.

Via Mastercard, traders can deposit funds. It is a prepaid MasterCard to make an online payment.

This card is globally accepted. Moreover, you can buy goods and services via this prepaid card.

You have to load your card with the necessary amount to purchase products.

For standard delivery of this card,  it will cost only 10 USD and 40 USD for sending via the carrier.

Traders need to submit legal documents to get this card.

Trading And Analysis Tools

There are different types of trading tools available in the HotForex platform.

These tools will help traders to trade risk-free trading. You can access these tools from your mobile device also. Traders will get market updates from the financial market app.

In the analysis tools section, you will get daily market analysis depending on market news.

The economic calendar will help you to know about global events. 

To be alert regarding the quick market change, you can subscribe to SMS service.

You can easily calculate your pivot points, pip value, margin, position size, and so on with calculator.

Forex Education With HotForex

HotForex believes in trader’s education. In the website, you will get full resources of education, which will help you to improve your Forex trading experience.

You can easily choose the right path either you are novice traders or seasonal traders.

You will get webinars to analyze the market and will get Forex related training videos.

HotForex Webinars will help traders to enrich their trading knowledge.

In the webinars, experts will analyze the live financial market.  

For daily analysis, you will get Fundamental and Technical analysis tools. You will find anything you need from the e-course.

Dedicated Forex experts host Forex trading webinars.

Contact And Customer Support

The customer support service of HotForex is available for 24 hours.

You will get live support 5 days weekly. Dedicated customer care workforces are there to solve your problems and lead you a right, profitable trading path.

To reach to support team you have to fill a form with giving your personal information with your user ID.

You can also communicate using email. Their support email address is support@hotforex.com.

You can contact via mobile phone and they have toll-free international numbers. In the website of HotForex, you will get a list of phone numbers.

The trading hours open from Sunday and closing on Friday. They provide multiple languages. 

Therefore, it is easy and convenient for traders to continue the conversation on their mother tongue.

Social Responsibilities

HotForex is also working for social development. This company expressed sympathy and stood by the side of Greek people who are affected by divesting fires.

HotForex worked for children. They also worked with Red Cross, the Rotary Club, and UNICEF.

The entire HotForex team unanimously believes that this was a worthy organization to which to lend our financial support.

HotForex Advantages

Trading with HotForex has great advantages. This is a regulated Forex and CFD broker. This is a reliable broker, which operated their business in 2010.

These are-

  • Great trading condition
  • Flexible leverage
  • Tight Spread
  • Dedicated customer support
  • Free education material
  • Superior trading tools
  • Multiple platform option
  • Multiple account types
  • Safe and secure trading
  • Trade with transparency
  • Earn from Affiliate program
  • Low deposit requirements

HotForex values are the way we consistently achieve their Mission.

  • Impress our clients through our service
  • Be passionate and determined
  • Have high respect for colleagues and clients alike
  • Take client feedback with utmost consideration
  • Build a positive team and a family spirit
  • Be reliable and Communicate effectively
  • Drive and embrace change
  • Take responsibility for our actions

HotForex Drawbacks

Every broker has its own cons. This is impossible to run a business without any drawbacks. HotForex is no exception.

The main drawback is that International traders are getting much privilege than European traders. This broker does not support USA traders.

The Leverage level is also not the same as both parts of the region.

Final Words

If you are still confused about the legitimacy of this broker then we will say one thing that this broker is reliable and 100% legit.

There are no scam activities done by this broker. The company is under the jurisdiction of three regulatory bodies.

You can invest your money without any hesitation. Moreover, they operate their business according to international best practices.

They have the option to secure your funds. All their transactions are secured with the latest encryption technology.

Finally, HotForex is highly profitable for its traders.

Sentiment

Signal Finder-Forex

Overall Rating
5/5
Overall Rating
5/5