HotForex's representative requests that anyone having issues please include the account number in the review. This should result in many issues being addressed more quickly.
Hot Forex are forex brokers. HotForex offers the MetaTrader 4, MT Mobile, and WebTrader forex trading top platforms. HotForex.com offers over 8 currency pairs, cfds, metals, oil, indices, and shares for your personal investment and trading options.
good broker i'm working with broker last 6 month. nice broker with low spread and good customers services. i recommended
Jan 14, 2017 - 5 Stars over all good broker. i'm working on hotforex from 6 months. spread and leverage is very best.
The broker is in general delivers, I was a bit surprised actually that they had this good standards, overall, execution is within acceptable time, its fast. No issues with withdrawal, usually with in 24 hours. I am in the testing period, I have been trading a small account for the past 5 months and its been doing really fine. Active support and well balanced offers. I would give the broker 4.5 / 5 since it’s a test period.
I trade in several brokers, on hotforex since 2010 .Has accounts that are adapted to the various types of investors, professional ib system, only a few gaps that could be improved (min payout to partner is 100 $, only lack there are no restrictions) Have a good trades Traders. ;).
I am trading with this broker for more than six months and today I thought leaving review for them.
During my trading with this broker, I also used trading with two other brokers and I think that the trade initiation is better on hotforex trading platform with nominal spreads and they provides you with real market conditions.
They, however, took some extra time for verifying my documents at the time of account opening. But once it was done, my deposits and withdrawal are processed without any hassles. They too have a wonderful customer service which gives priority and I am a happy trader so far.
Lalit Matta is a fraud IB. Please my fellow traders, think twice before you make any investment with lalit Matta.
My name is abdul aziz. I am a forex trader. Over 4 years I am in this business. Today I am here just to aware my fellow traders from india. Few months ago, I meet IB from india his name is lalit matta. He is working right now with Hotforex. Before he used to work with commexFX and fidelis too. He is a fraud,
He collects money from the local traders as local deposit and he hold that money in his personal account. After use that money with different broker to hedge fund and make commission from it.
Lalit Matta took $20k from me too and told me to he will trade on behalf of me and give me profit. But later now, he is saying all the money gone, He is not agree to give share from his commission too.
Please be aware from Lalit Matta
Below is his facebook link: https://www.facebook.com/lalit.markets
I used them for about 3 months, there was always some kind of issue, the platform froze, support was hard to reach.
Overall nothing overly bad but a lot of tiny issues which took a long time to resolve, I prefer if everything works from the get go.
So far I am trading in my part time, I am running a small account with this broker. The returns that I have made so far are average but still seems far better than the returns I am earning from other investment avenues. I am trading on hotforex platform for the past one year and I am more than satisfied so far.
Good broker, I have traded for 2 years! I opened a premium account in 2015 with supercharged bonus, I don't use the bonus amount but the rebates is really worthy, not too much but consistent whenever I traded. My withdrawals are always processed in 24 hours, some could be in same day. You can also contact Local Manager through the website and most problems could be resolved faster.
Unfiar services and platfrom and pure scam pamm acounts
after one year of trying to get som of 27k loses from hotforex company they kicked me out and took 53 active affiliates accounts with no reasonable reson
Decent broker, good in all aspects.
After FCA and CySEC applied leverage restrictions I switched to Hotforex cuz my news trading strategy requires high leverage. From the good side to mention is helpful support and qualified support with fast responses, very flexible account setup where I plan to try zero spread and then fixed spread accounts. On the execution side, my 3 week experience had no lags or freezes during volatility, although Hotforex handles trades well during low-liquid Asian session on cross-pairs with less spread widening I've seen with other brokers. No experience with withdrawals yet as I'm planning to develop and build my account to keep trading with at least 1 lot size, 40 pips SL, risking on each trade 2% from the balance (so I plan to grow it to 20K). Currently my I have 8K in my account risking 3-4% per trade.
Overall its pleasure to trade with this broker also you need to fully understand both positive and adverse effects of the leverage which definitely takes time for a newbie.
My rate is 4.5 from 5.