Broker Details
| Minimum Trade Size: | 0.01 |
|---|
| Maximum Leverage: | 1000:1 |
|---|
| Minimum to Open Live: | $5 |
|---|
| Established: | 2010 |
| Address: | Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, Saint Vincent And Grenadines |
| Contact: | support@hotforex.com, +44-2033185978 |
| Regional offices: | |
| Regulators: | CySEC #183/12, FSC Mauritius #C110008214 , SVGFSA #22747 IBC 2015, FSA-S #SD015, FSCA #46632, DFSA # F004885 |
| Prohibited countries: |
| Trading platforms: | MT4, MT5 |
| Web Trading: | Yes |
| Mobile Trading: | Yes |
| ECN: | Yes |
| Currencies: | (45+) |
| Cryptocurrencies: | (5+) Bitcoin, Litecoin, Ethereum |
| CFD: | (5+) Gold, Silver, Stocks, Stock Indexes, Bonds, Oil, Other Commodities |
| EAs/Robots: | Yes |
| News Spike Trading: | Yes |
| Scalping: | Yes |
| PAMM: | Yes |
| Deposit Methods: | Bank Wire, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney |
| Withdrawal Methods: | Bank Wire, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney |
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Traders Reviews
HotForex IB Scam
Service use: Live
Length of use: 0-3 Months
Now I made withdrawal, I never received the money and when I contacted their support, they started making excuses that I did some thing wrong and the manager will contact me to discuss.
it is a withdrawal not a war accord that you need discussions.
I am sure I have been scammed by these guys.
myHF ID: 895330
Biggest scam broker.
Service use: Live
I will see you in court
FCA trustful broker
Service use: Live
Length of use: over 1 Year
Widening spread and automatic trade placement
Service use: Live
Length of use: 0-3 Months
I complained and I was told its normal for spread to widening during such hours which I admit but by 24pips is damn too much. The maximum I have seen is 4pips but hotforex increased theirs to 24pips. For the second issue, I didnt get a reply
Binary options trader switched to forex trading
Service use: Live
Length of use: over 1 Year
Hot Forex Scam
Service use: Live
Length of use: over 1 Year
Hello everyone today i am sharing my first time bad experience in this digital market. i had work with hot Forex since past three yours and more. i was good confident and trusted in this broker. don't know the reason but last few weeks i heard something bad and cheapest things of hot Forex. i didn't believe but once they did it with me i was scared and shocked how it could happen with this.. HF team sent me an email that you account will be closed due to "Clause 36.2" company account agreement. you can withdraw all your fund within two days. i shocked and withdraw but they deduct my balance and did't refund me...i have evidence about it..this is the experience of my one account. in other account they deduct my all profit and remove my accounts without any reason.
so i advice to all my friends and friends of friends that be aware and don't trust on HOTFOREX and their team. other wise you will loss all you profit and balance
Unreceived Withdrawal
Service use: Live
Length of use: 0-3 Months
They keep replying with automated emails and not solving the problem.
Hotforex cancelled my all profits and disable my account
Service use: Live
Length of use: over 1 Year
With a lot of hard work i gained profit but when i requested withdraw Of 12000$ broker disable my account and cancel my all profits without any reason. This is reality hotforex is no more reliable so stop using it and withdraw your all funds
Regards
Not a bad broker
Service use: Live
Length of use: 0-3 Months
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.
Service use: Live
Length of use: 6-12 Months