Review of the company
HotForex was founded in 2010 and is a popular broker in the financial market that offers its services for earning on automated trading platforms for both private and corporate clients. The broker’s policy is to provide good trading conditions for traders with different Forex experience, providing scalpers and other clients unlimited access with the help of advisers to their liquidity. HotForex is rewarded with several forex awards and it is increasingly chosen by traders from around the world.
HotForex has earned a reputation as a reliable and honest broker due to the following advantages:
- Best Forex News & Analytics Provider 2016 – Mena Dubai FX Show
- Best FX Online Broker 2015 – New Europe Magazine
- Best Customer Service 2015 – European CEO Awards
- Best Forex Broker in China 2013 – CIOT Expo
- Best Asian Online Broker 2013 – World Finance Magazine
- Top 100 Companies – World Finance Magazine
There are a number of good reasons to choose HotForex as a Forex broker, and the most important of them is that there is a good opportunity to trade in smaller volumes, which is great if you are a beginner or your Forex trading budget is limited. The customer support is excellent, and there are a number of interesting HotForex bonuses. Spreads are low, and deposit limits are minimal.
The office of the HotForex investment company is located in Mauritius, and the official trademark is owned by HotForex Markets Ltd, registered in Saint Vincent and the Grenadines. The company conducts legal activities, as evidenced by the relevant licenses: Financial Conduct Authority (FCA), Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), number 183/12. The broker is also under the control of this regulatory authority. Today, HotForex is a successful currency broker who has earned a reputation as a reliable and honest consultant and provider of unique automated systems.
All documents are posted on the broker’s website and give an understanding that the finances of HotForex clients are under reliable protection both during trading and during withdrawal to personal accounts.
With HotForex there is more than just a couple of account options, which means that most traders will be able to find one that suits their needs. For new customers, the best option is a HotForex broker to open a micro-account. The minimum deposit is only $50, and the maximum leverage (depending on trading instruments) is 1:1000. Spreads are variable and start at 1 pip.
HotForex traders with a bit more experience will be better off looking at premium and VIP accounts. This is a great option for traders who prefer to open large positions on narrower spreads. All three of these accounts require a minimum deposit of $500.
For traders who prefer to trade with a fixed spread, there is a Fixed account. This type of account has low fixed spreads, a maximum leverage (depending on customer satisfaction assessment) of 1:400 and a minimum deposit of $500.
Social trading HotForex has become a very popular option, and with HotForex traders can communicate with more than a quarter of a million other traders, tracking and copying their successful transactions. The used hot forex trading platform is a very popular choice among traders.
Platform and trading opportunities
The broker offers trading on HotForex MT4, HotForex MT5 and the HotForex PAMM system, which are specialized versions of the company’s most popular trading platform in the world. In addition, the original MT4 and MT5 * download is available on MT4 and MT5 servers. Trading on the platform is possible with currency pairs, metals, indices, stocks, cryptocurrencies and CFDs.
On the HotForexStat trading platform, traders have the opportunity to communicate with other traders around the world, as well as track and copy successful transactions.
Withdraw funds and customer support
HotForex supports a fairly standard range of deposit options. To withdraw money after a successful trade, just one day is enough. To do this, you need to confirm the trader’s account, which once again speaks about the reliability of HotForex.
In case of misunderstanding, traders can contact customer support, which works in 27 languages and is available 24 hours a day, 5 days a week. Several phone numbers and email addresses provide traders with direct free access to customer service in their own language. This is an indicator of a customer-oriented culture, which is one of the broker’s missions.