Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 1000:1 |
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Minimum Deposit: | $5 |
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Established: | 2010 |
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Address: | Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, Saint Vincent And Grenadines |
Customer Service: | support@hotforex.com, +44-2033185978 |
Regional offices: | |
Regulations: | CySEC #183/12, FSC Mauritius #C110008214 , SVGFSA #22747 IBC 2015, FSA-S #SD015, FSCA #46632, DFSA #F004885, FCA #801701 |
Prohibited countries: |
Trading platforms: | MT4, MT5 |
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WebTrader: | ✅ Yes |
Mobile Trading: | ✅ Yes |
ECN: | ✅ Yes |
Trading Instruments |
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Currencies: | (45+) |
Cryptocurrencies: | (5+) Bitcoin, Litecoin, Ethereum |
CFD: | (5+) Gold, Silver, Stocks, Stock Indexes, Bonds, Oil, Other Commodities |
Trading Conditions |
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EAs/Robots: | ✅ Yes |
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News Spike Trading: | ✅ Yes |
Scalping: | ✅ Yes |
Managed Accounts & Social Trading |
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PAMM: | ✅ Yes |
Deposit Methods: | Bank Wire (Bank Transfer), VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney |
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Withdrawal Methods: | Bank Wire (Bank Transfer), VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney |
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Traders Reviews
My stranded ETH coin deposit has returned, now I'm satisfied
Service use: Live
Length of use: 0-3 Months
Mar 30, 2022 - 1 Star I regret my decision to sign up to hotforex broker. I registered live account on hotforex on 24-2-2022. Then I tried to make a deposit using crypto currency ETH on the same day with equivalent amount around 200 USD at that time. After waited for a day my deposit never came to my wallet, so I emailed them. They said they will check it out to their external payment providers. After gave all the necessary data I waited. But the result I got on 30-3-2022 is a disappointing one, they said the crypto transaction that i made is not related to them. Too bad i didn't screenshot all the transaction I made, because I trusted them. Feel so angry and helpless.
Reply by HotForex Support submitted Apr 4, 2022 Dear gd1945,
We are sorry to hear you are experiencing difficulties, and thank you for bringing this up to our attention.
You will be contacted shortly.
Kind Regards
HF Team
Satisfied
Service use: Live
Length of use: 3-6 Months
Excellent Customer Service
Service use: Live
Length of use: over 1 Year
After failing to withdraw funds from my old broker and experiencing the appalling customer support from that broker which lured me in with their synthetic indices, I have developed a profound appreciation for my primary broker Hot Forex.
I am a very satisfied customer. Good stuff Hot Forex. Please keep it up.
TERRIBLE CUSTOMER SUPPORT
Service use: Demo
Length of use: 0-3 Months
I had been calling their customer care for hours, when I finally got through, I said "Hello" and the supposed customer care just hung up. no explanation, I have tried to reach them by email, to no avail.
What is the point of even putting customer care there in the first place, if it will only frustrate customers even more?
SUMMARY: IF YOU WANT A BROKER TO PUT YOUR MONEY IN, AND NOT HAVE ANYONE TO REACH OUT TO WHEN THERE ARE PROBLEMS, THEN HOTFOREX IS THE BROKER FOR YOU, IF NOT STAY AWAY.

We are sorry to hear you are experiencing difficulties, and thank you for bringing this up to our attention.
You will be contacted shortly.
Kind Regards
HF Team
Hotforex lags their MT4 Webterminal, MT4 mobile terminal and MT4 Desktop
Service use: Live
Length of use: 0-3 Months
I need to make it clear to anyone joining Hotforex that you are dealing with a scamming broker. They intentionally control their MT4 platforms to screw you over.
Frequently Asked Questions
Is HotForex legit?
The the best way to answer if HotForex a legit broker is to read the unbiased traders reviews on ForexPeaceArmy: https://www.forexpeacearmy.com/forex-reviews/6884/hotforex-forex-brokers
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we recommend that you check recent HotForex community discussions: https://www.forexpeacearmy.com/community/tags/hotforexcom/
What is the minimum deposit for HotForex?
To activate a live account on HotForex, the minimum initial deposit is $5 for a micro account.
Other Hot Forex account minimums vary by type, with most being in the $100-$250 range.
Is HotForex regulated?
HotForex is registered with the regulators in a number of countries. These include:
- CYSEC in Cyprus
- the FSC of Mauritius
- the Seychelles FSA
- the FSCA of South Africa
- and the DFSA of the UAE
What is HotForex?
HotForex is a forex and commodities trading broker.
Hot Forex offers a wide range of currency pairs along with cryptocurrencies, stock indexes, precious metals, and other commodities.
How do I withdraw money from HotForex?
HotForex offers a variety of withdrawal methods, including:
- Bank Wire
- Credit Cards
- Neteller
- Skrill
- FasaPay
- VLoad
- Webmoney
- CryptoPayments
How long does HotForex withdrawal take?
HotForex withdrawals submitted before 10:00 am server time are nearly always processed the same business day. Withdrawal later in the day are processed the next business day.
The time for a processed withdrawal to be received varies from nearly instant to as much as 10 days, depending on the withdrawal method.
How do I apply for a HotForex MasterCard?
HotForex does offer it's own MasterCard which allows you to easily withdraw your profits to the card.
Applications can be submitted directly from Hot Forex's website after your account is approved and funded.
Does HotForex allow hedging?
HotForex permits hedging as well as scalping, news trading, and the use of EAs.
How do I get a HotForex card?
Applications for the HotForex MasterCard debit card can be made directly from HotForex's website.
Once approved, it is mailed to you for free. With Hot Forex card, you can easily withdraw your funds directly to this card.
Is HotForex regulated in South Africa?
HotForex holds a license from the South African Financial Sector Conduct Authority (FSCA License #46632) in addition to other regulatory licenses from around the world.
5 star review by WaqasHafeez, Pakistan
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