Established in 2010, HotForex has a strong reputation for competitive trading conditions, robust customer support, and industry awards.
HotForex is a globally recognized online broker offering a diverse range of trading assets, including Forex, Metals, Stocks, Indices, Cryptocurrencies, and more. Regulated by multiple financial authorities, HotForex provides a secure and reliable trading environment. With features like high leverage, swap-free accounts, and zero spreads on specific accounts, HotForex caters to traders of all levels.
Quick insights
HotForex regulations
These regulations demonstrate HotForex’s commitment to operating in a regulated and transparent environment.
- Financial Services Commission Mauritius
- Cyprus Securities and Exchange Commission CySEC
- Dubai Financial Services Authority DFSA
- Financial Conduct Authority United Kingdom
- Financial Markets Authority New Zealand
- Financial Sector Conduct Authority South Africa
- Israel Securities Authority ISA
- Seychelles Financial Services Authority FSA
- Monetary Authority of Singapore MAS
- Estonian Financial Supervision and Resolution Authority
- Capital Markets Authority Kenya
Client fund security
- Market-leading insurance: HotForex has a Civil Liability insurance program with a limit of €5,000,000 to safeguard client funds.
- HotForex is a recognized leader in online trading with a focus on client fund security.
- Major bank accounts: They use major global banks for client funds.
- Segregation of funds: Client funds are held separately from company funds.
- Negative balance protection: Clients are not responsible for paying back negative balances.
- Risk management: HotForex continuously identifies, assesses, and monitors risks associated with its operations.
Assets and markets
HotForex offers a diverse range of markets, allowing you to trade on various asset classes and potentially diversify your portfolio.
- Forex: Trade major, minor popular 50 + currency pairs with tight spreads leverage up to 1:2000.
- Metals: Trade CFDs on gold and other precious metals.
- Energies: Trade Crude Oil CFDs.
- Stocks: Trade CFDs on top-performing stocks.
- Indices: Trade major stock indices.
- Bonds: Trade CFDs on bonds from leading economies.
- Commodities: Trade CFDs on soft and hard commodities.
- ETFs: Trade a variety of ETF CFDs.
Trading platforms
HotForex provides a variety of trading platforms to cater to different preferences and trading styles. Traders can choose the platform that best suits their needs based on the specific features and functionalities they prioritize. All platforms offer essential features like market execution, hedging, and strategy testing.
MT4 and MT5: HFM provides both popular platforms with extensive features, including custom indicators and expert advisors. MT5 offers more advanced features like multi-threading.
HFM Platform: it is a proprietary platform with a focus on speed and ease of use.
| Feature | MT4 | MT5 | HFM Platform |
|---|---|---|---|
| Trade within the HFM App | Yes | Yes | Yes |
| Timeframes | 92 | 11 | Through MT5 |
| Technical indicators | 30 | 38 | 44 |
| Analytical objects | 31 | 44 | – |
| Built-in Economic Calendar | Yes | Yes | Yes |
| Platform speed | 32-bit, mono-threaded | 64-bit, multi-threaded | Pending |
| Order types | 46 | – | – |
| Custom indicators & expert advisors | MQL4 | MQL5 | – |
| Expert Advisors on desktop | Yes | Yes | Yes |
| Order execution | Market Execution | Market Execution | Market Execution |
| Hedging | Yes | Yes | Yes |
| Strategy tester | Single-threaded | Multi-threaded | Multi-threaded |
Account Types
HFM broker offers four account types.
| Account type | Key features | Suitable for |
|---|---|---|
| Cent | Low minimum deposit, trade-in cents, zero commission | Beginners |
| Zero | Zero spreads, low-cost trading, suitable for all traders | All levels |
| Pro | Low spreads, higher leverage, suitable for experienced traders | Advanced traders |
| Premium | Zero commission, no minimum deposit, swap-free | Retail traders |
Account types additional features
- Account currency: USD, EUR
- Contract size: 1 lot = 100,000 units
- Leverage: up to 1:2000 for most accounts, 1:1000 for cent accounts
- Margin call: 50%
- Market execution: available for all account types
- Max simultaneous open orders: varies by account type
- Maximum leverage: 1:2000 for most accounts, 1:1000 for cent accounts
- Maximum total trade size: varies by account type
- Minimum deposit: $0 for Cent, Zero, and Premium; $100 for Pro
- Minimum trade size: 0.01 lots
- Personal account manager: for premium accounts
- Spreads: vary by account type, starting from 0 pips for zero accounts
- Stop out level: 20%
- Swap free: available for certain account types
- Top-up bonus: offered for new deposits
- Trade size increment: 0.01
- Trading platforms: MetaTrader 4, MetaTrader 5, web trader, mobile trading, and HFM platform
Demo account
Gain the confidence you need to enter the market with a demo account that offers unlimited access, allowing you to practice in real market conditions.
Test different trading strategies risk-free while trading on platforms like MT4, MT5, and WebTrader. With a virtual balance of up to $100,000, the demo account provides the perfect environment to sharpen your skills and prepare for live trading.
Copy trading
Follow successful traders: Copy the trades of experienced traders and Strategy Providers.
Benefits for followers: Learn from others, benefit from their success, and maintain control over your account.
Benefits for strategy providers: Showcase skills, gain followers, and earn rewards.
PAMM program
- For fund managers: Manage multiple accounts and distribute profits.
- Trading security: Protect your trading strategies from being copied.
- Increased visibility: Highlight your performance to attract investors.
- Control: Maintain control over your account settings and parameters.
- Automated investor participation and portfolio management.
- Real-time alerts: Receive notifications for new deposits.
Deposit and withdrawal methods
HotForex offers a variety of convenient and secure deposit and withdrawal options with minimal fees and fast processing times.
Deposit Options
| Method | Minimum | Maximum | Processing time | Fees |
|---|---|---|---|---|
| Bank Transfers | ₹800 | ₹500,000 | Instant | No fees |
| Bank Transfers | ₹800 | ₹100,000 | Instant | No fees |
| Wire transfers | $100 | Unlimited | 2-7 business days | No fees for deposits over $100 |
| Credit/Debit Cards | $5 | $10,000 | Up to 10 minutes | No fees |
| Crypto | $30 | $10,000 | Instant | No fees |
| Fast pay | $5 | $5,000 | Instant | No fees |
| Neteller | $100 | $10,000 | Up to 10 minutes | No fees |
Withdrawal Options
| Method | Minimum | Processing Time | Fees |
|---|---|---|---|
| Bank Transfers | $10 | Up to 24 hours | None |
| Wire transfers | $100 | 2-10 business days | None* |
| Credit/Debit Cards | $5 | 2-10 business days | None |
| Crypto | $10 | Up to 24 hours | None |
| Fast pay | $5 | Instant | None |
| Neteller | $5 | Instant | None |
| Perfect Money | $10 | Up to 10 minutes | None |
| Skrill | $5 | Instant | None |
- HotForex does not charge any fees for deposits.
- Fast Processing: Most methods offer instant or near-instant processing.
- Bank Transfer Fees: Third-party charges may apply for bank transfers.
- There may be minimum and maximum withdrawal limits for certain methods.
- Withdrawals to debit cards may be limited to the initial deposit or total card deposits.
Fees and commissions
HotForex positions itself as a competitive player with zero spreads on selected accounts and a $0 minimum deposit requirement. This highlights -HotForex’s commitment to offering competitive pricing and making trading accessible to a wide range of investors.
Margin Interest: 0.0005
Currency Pairs
| Trade Size | 1,000 | 10,000 | 100,000 |
| Per Side | $0.03 | $0.30 | $3 |
| Round Turn | $0.06 | $0.60 | $6 |
Gold
| Trade Size | 1 Ounce | 10 Ounces | 100 Ounces |
| Per Side | $0.07 | $0.70 | $7 |
Bonus and promotions
HotForex offers a variety of bonuses and promotions to reward traders and encourage engagement with their platform. These initiatives can provide additional benefits and incentives for traders.
- Bonus offerings: HotForex offers various bonuses to boost trading activity on its 500+ instruments.
- Trader’s Awards 2024: The top trader receives a $1000 cash prize and the HFM Crystal Obelisk.
- Return on free margin (ROFM): Earn up to 3% daily on your free margin.
- HFM loyalty program: Earn HFM Bars for trading and exchange them for bonuses, cash, or services.
- Demo contest: Participate in the ‘Virtual to Real’ Demo Contest and win trading bonuses.
- HFM merchandise: Purchase branded merchandise.
Educational tools
- Premium trader tools: You can access a range of tools for various trading styles.
- Autochartist tool: Get real-time market scanning and alerts.
- Exclusive analysis: Benefit from daily market insights.
- HFM App: Trade on the go with live market rates and access to the myHF area.
- Economic calendar: Stay informed of global economic events.
- SMS service: Receive alerts on market changes.
- Trader’s board: Stay updated with news, major currency movers, and traded volumes.
- VPS hosting: Protect your automated strategies with reduced latency.
- You can trade swiftly with one-click functionality.
- MyHF Area: Manage your accounts, deposit/withdraw funds, access educational tools, and more.
- Calculators: Utilize various trading calculators for informed decisions.
Customer support
HotForex provides its commitment to serving a diverse client base by offering support in multiple languages and providing various channels for customers to reach out for assistance.
- Live support: Available 24/5
- Email response time: Within hours – support@hfm.com
- Telephone orders: Yes +44-2030978571
- Personal account manager: Yes
- Supported languages: English, Vietnamese, Chinese, Arabic, Thai, Indonesian, Filipino, French, Italian, Portuguese, Spanish, Urdu, Hindi, Russian, Malay, Japanese, Greek, Deutsch, Turkish, Polish, Bulgarian, Korean, Bengali
| HF Markets (SV) Ltd. |
| Suite 305, |
| Griffith Corporate Centre, |
| P.O. Box 1510, Beachmont |
| Kingstown, |
| St. Vincent and the Grenadines |
Conclusion
HotForex is a globally recognized online broker that caters to a wide range of traders, from beginners to experienced professionals. With a focus on accessibility and competitive pricing, HotForex offers a $0 minimum deposit, zero commissions on specific accounts, and high leverage up to 1:2000.
Additionally, HotForex provides valuable educational resources to support traders of all levels, making it a suitable platform for those seeking to enhance their trading knowledge and skills.
Pro Tip
Is HotForex a reliable trading platform? Our comprehensive 2025 review covers trading fees, pros and cons, and everything you need to know before opening an account with our trusted forex broker. Discover if HotForex is the right choice for your trading needs. Also, learn other investment means such as CFDs, crypto, banking.
