Geneal Information
HotForex is a brand name of the HF Markets (Europe) Ltd., founded in 2010, a financial broker that provides both individual and institutional clients with online trading services. HotForex itself has headquartered in Cyprus but serves several global offices in Dubai, South Africa, and offshore entities in St Vincent and the Grenadines, all under respective regulation authorities.
Regulatory Information
HF Markets (Europe) Ltd is regulated by the CySEC in Cryprus, with regulatory license number 183/12, and regulated by CNMV under the license numer 3427
HF Markets (UK) Limited, its UK entity, under regulation of FCA in UK (license number 801701),
HF Markets (DIFC) Limited, the Dubai entity under regulation of DFSA in Dubai ( license number F004885)
HF Markets (Seychelles) Ltd, authorized and regulated by the Seychelles Financial Services Authority (FSA), with Regulatory License No. SD015
Market Instruments
HotForex offers popular tradable instruments of the global financial markets, including forex, precious metals, energies, indices, commodities, electronic currencies, bonds, ETFs, stocksDMA, etc.
Minimum Deposit
In terms of minimum deposits, there are six account options on offer on Hotforex platform，namely Micro, Premium, Zero Spread, Auto, PAMM Premium HFCOPY accounts. The minimum deposit for a Micro account is $5 (which is quite reasonable for beginners to get started), and $500 for strategy provides, $100 for followers in the HFCOPY account.
HotForex Leverage
What astonishes us is that trading leverage availale on Hotforex platform is incredibly high, with the highest leverage up to 1:1000. High trading leverage may not be that cheering sometimes, for some illegal brokers will use leverage to seduce investors, and most inexperienced investors will end in loss of money.
Spreads & Commissions
The minimum spread for Mini accounts starts from 1 pip, and no commission is charged for trading. For Premium accounts, the minimum spread starts from 1 pip, and no commission is charged for trading. For Zero Spread accounts, the commission is $6 per lot (round turn). For Auto accounts, the minimum spread starts from 1 pip, and no commission is charged for trading. For PAMM accounts, the minimum spread for high users starts from 1.1 pips, and no commission is charged, and the minimum spread for high plus users starting at 0.3, a fee of US$6 per lot (round turn) charged. A comparison of HotFX spreads with other traders is shown in the chart below.
Trading Platforms
HotForex offers traders MT4, MT5, and a multi-account management system. Both MT4 and MT5 are popular and powerful trading platforms that also provide a bridge for traders to enter the financial markets, and HotFX ensures that the best features of each platform are fully utilized to provide the perfect trading environment for its clients. Both trading platforms are available in desktop, web, and mobile versions. The HotForex's multi-account management system offers many advantages, including an unlimited number of trading accounts, real-time quote monitoring, real-time trading operation management, and multiple order execution types.
Deposit & Withdrawal
Deposit and withdrawal methods welcome wire transfer (minimum deposit of $100, 2 business days to arrive, and banks may charge a transfer fee of under $100), Visa, MasterCard credit/debit cards (minimum deposit of $5, the maximum deposit of $100,000, 10 minutes to the account, no fees for withdrawal and deposit), FasaPay (maximum deposit of $5,000, the minimum deposit of $5, no fees for withdrawal or deposit). The minimum deposit is US$5,000, the minimum deposit is US$5, instant arrival, and there is no fee for withdrawal or deposit), NETELLER (the maximum deposit is US$50,000, the minimum deposit is US$5 and there is no fee), Skrill (the maximum deposit is US$10,000, the minimum deposit US$10, no fee for withdrawal or deposit), WebMoney (the maximum deposit is US$50,000, the minimum deposit is US$5, no fee for withdrawal or deposit).
