Broker Details
| Minimum Trade Size: | 0.01 |
|---|
| Maximum Leverage: | 1000:1 |
|---|
| Minimum to Open Live: | $5 |
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| 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
Currently I am having an EA written for trading and the backtest result with this broker was quite good, I would bring it on market soon and back with a detail review.
sorry for my bad english guys just watch your swap and market rates with other brokers or live markets u will be understand what is hotforex. thanks
myhotforexid is 167181
Keep it up.
The fund deposit issue are resolved now, their manager phoned me to help resolve the issues quickly and I feel highly satisfactory with their customer service and fast response.
Previous Comment made 2015-04-30 as below:
2015-04-30 3Star Hotforex fund deposit and withdrawal handling is a MESS, with is extremely unhelpful, just a very poor sevrice against client!
If you deposit fund with same credit card for several times, suddenly they will block your fund deposit (God! It is only 100 USD) and demand you to submit validation document including your home own bank account statement, a printed form with a lot of blanks to fill (You need to print out yourself, if you don't have printer beside u, don't expect you can continue your trading!!!) which I considered completely unnecessary! They must have u print out, sign and returned the form AFTER you deposited fund (not before, WHY don't ask for that BEFORE your make a deposit?!) although you already tell clearly that you don't have printer now and need to fund the account immediately for trading!
For withdrawal they are also like a MESS, I used more than one credit card to deposit fund before and instructed them clearly withdraw fund to which card, however, although they confirmed with u by email ok, they just do things WRONG and ignore your instruction!
After deposit don't expect your fund will appear instantly, it will bring you great hassle to make your fund really appear in your account and they are one of the most unhelpful broker I ever met.
I have been trading with HotForex since last year 2014 , Everything was fine and still good , Now i have a pamm account i made 20% profits within one week and i withdrew all funds and they send it very quickly .
I'm planning to make a partnership with them to introduce forex in my country by a forum ... I trust HotForex ( Spread , Withdraw and Deposit is Instant )
My HotForex ID is : 31910
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.