REVIEW HOTFOREX

HOTFOREX REVIEW SUMMARY

  • Broker Type: ECN / STP
  • US Traders: NO
  • Islamic Accounts: YES
  • HotForex Regulation: FCA UK (600473), CySEC (183/12) and MiFID (EU) -More information below
  • HotForex Platforms: MetaTrader4, WebTrader, MT4 Multi-Terminal, FIX/API
  • Mobile Trading: iPhone, Android, PAD, Blackberry
  • Automated Trading & Scalping: Yes both
  • HotForex Assets: Forex, Stocks, Indices, Metals, Energy
  • HotForex Minimum Account: $10
  • Fund Methods: Cards, Bank Wire, MoneyBookers, Neteller, SOFORT
    WebMoney, Western Union (and more check below)
  • HotForex Welcome Bonus: 100% Credit Bonus (check below)

 

» HotForex Online Trading

HOTFOREX RATING SUMMARY

This is the Rating summary of HotForex :

HOTFOREX RATING (USING FORMULA)  
  (MAX 100%)
(1) Safety of Funds when Trading at HotForex 63.59 %
(2) Cost of Trading 66.07 %
(3) Trading-Options Available at HotForex 97.12 %
(4) Trading Technology 87.50 %
HotForex Total Rating 77.78 %

Click the following link to access the full HotForex Rating: » HotForex Full Rating Review

 

HOTFOREX FULL REVIEW

Introduction to HotForex

HotForex is an ECN / STP Forex broker established in 2007 by HF Markets Europe Ltd. HF Markets is a Top-100 World Finance Company according to the World Finance Magazine.

HotForex Headquarters: Larnaca, Cuprus

HotForex Regulation: FCA UK (600473), CySEC (183/12) and MiFID (EU). Also registered with other European Regulators such is CONSOB (Italy), CNMV (Spain), ACP (France) and AFM (Netherlands)

HotForex Account Segregation: YES (Account segregation via Barclays UK and BNP Paribas)

Investor Compensation Fund

HotForex is a member of the Investor Compensation Fund. The Fund constitutes a private legal entity and has been operating since May 2004.

HOTFOREX ASSET INDEX & SPREADS

These are the typical spreads of HotForex CurreneX Accounts. A CurreneX accounts opens with a minimum deposit of $500.

HOTFOREX SPREADS -CURRENEX ACCOUNTS
AUDCAD 2.5 EURNZD 6.5 USDCNH 5.0
AUDCHF 3.2 EURPLN 30 USDCZK 15
AUDJPY 1.4 EURRON 80 USDDKK 4.0
AUDNZD 3.5 EURUSD 0.4 USDHKD 4.0
AUDUSD 1.0 GBPAUD 3.5 USDHUF 12
CADCHF 1.8 GBPCAD 3.0 USDJPY 0.7
CADJPY 1.5 GBPCHF 2.1 USDNOK 18
CHFJPY 2.0 GBPJPY 2.5 USDPLN 30
EURAUD 4.0 GBPNZD 6.0 USDRON *** 60
EURCAD 1.5 GBPUSD 1.3 USDRUB *** 27
EURCHF 1.5 NZDCAD 7.0 USDSEK 35
EURDKK 4.5 NZDCHF 5.0 USDSGD 4.5
EURGBP 0.7 NZDJPY 1.5 USDTRY 11
EURHUF 16 NZDUSD 2.0 USDZAR 115
EURJPY 1.0 USDCAD 1.0 ZARJPY 4.0
EURNOK 19 USDCHF 1.0    

100% SuperCharged  Bonus

HOTFOREX TRADING PLATFORMS & TECHNOLOGY

HotForex provides many different trading platforms including a FIX/API for algorithmic trading.

Desktop Platforms: MetaTrader4, WebTrader, MT4 Multi-Terminal, FIX/API

HotForex Mobile Trading: iPhone, PAMM, Android, iPad, PAD and Blackberry

Automated Trading: YES

Scalping: YES

PAMM / MAM Accounts: YES

FREE VPS HOSTING SERVICE

HotForex offers Free VPS hosting to all clients maintaining a balance of $5,000 or more. The service originally costs $360 / yearly.

The VPS server allows order execution on 24 hours basis, 5 days a week without your PC turned on. This is very important for automated Forex trading and for the use of Expert Advisors (Forex Robots).

  • The service is compatibe with all Forex Robots (Expert Advisors)

  • Execute trades 24/5 without your PC turned on 24/5

  • You may trade any asset class including Indices, Forex, Metals, Stocks and Commodities

  • Easy accessible from all around the world

  • Dedicated administrators servers

  • Available Disk Space 20 GB, RAM 512MB and CPU 2.2 GHZ

  • Unlimited Bandwidth

HOTFOREX TRADING ACCOUNTS

These are the account types offered by HotForex:

Account Types

 Micro

Premium

VIP

FIX

Currenex

Auto Trader

Trading Account Currency USD,EUR
All Trading Platform YES       YES except WebTrader and MobileTrader
Trading Spread Type Variable Variable Variable Fixed Variable Variable
Minimum Spread 1 pip 1 pip 0.4 pip 1.6 0.4 pip 1 pip

All Asset Classes

YES
5th Decimal Quotation YES
Maximum Leverage 1:1000 1:400 1:300 1:400
Minimum Deposit Amount $50 $500 $40000 $500 $500 $500
Minimum Lots 0.01 0.01 0.1 0.01 0.01 0.01
Maximum Trade Size (in Lots) 5 60 Unlimited 60 60 60
Stop Out Level 10% 20% 20% 20% 20% 20%
Personal Account Manager NO YES
Telephone Trading YES
Trading Commissions NO NO YES NO YES NO
Welcome Bonus YES NO YES NO
Personalised Service NO YES NO
 

HotForex Minimum Account: $10

HotForex Fund Methods: Cards, Bank Wire, MoneyBookers, Neteller, SOFORT
WebMoney, Western Union, TrustPay, iDeal, 

HotForex Withdrawal Commissions: NO

Customer Support Languages

Arabic, Chinese, English, German, Greek, Hindi, Japanese, Korean, Persian, Russian, Spanish

HotForex Automated Fund Transfers

HotForex provides the e-Wallet to all clients. That means that traders can instantly transfer their capital from their trading account to their MyWallet balance. This is an auto-transfer service that provides withdrawal of funds instantly.

  • access to trading funds 24/7
  • full control / instant execution
  • fully automated transactions

HOTFOREX CURRENT PROMOTIONS & FREE SERVICES

HotForex SuperCharge Welcome Bonus 100%

The bonus is in the form of Free Margin therefore you can not withdraw the bonus itself but you can withdraw the profits generated by the bonus.

  • Minimum Deposit ro Receive it 250 USD
  • Maximum bonus amount USD 50,000

HotForex Welcome Credit Bonus 100%

  • Makes the stop out level on original balance as zero
  • Can be withdrawn as long as the volume requirements are met

HotForex Market Analysis by Trading Central

HotForex provides free Technical Analysis reports from the Trading Central. The technical analysis covers Forex, Indices and Commodity trading. 

» HotForex Trader's Promotions

HOTFOREX REVIEW -MAIN PROS & CONS

HOTFOREX REVIEW PROS √

HOTFOREX REVIEW CONS X

(√) High Regulated broker, Segragated Client Accounts and Finance Top-100 company

(√) Great Asset Index covering all asset classes

(√) Great Variety of Trading Platforms, including FIX/API for algorithmic trading

(√) Automated Trading & Scalping plus a free VPS for clients with a balance of at least $5,000

(√) Multilingual Customer Support via Call Back, Phone, Chat, Email and Personal Account Manager

(√) 100% Welcome Bonus

(x) The Fixed Spreads are not very tight in the regular trade accounts. That is why you should select the CurreneX account type

Zero Spread Account

 

HOTFOREX REVIEW –FINAL THOUGHTS

Hotforex is the brand of HF Markets Europe Ltd, a Top-100 World Finance Company. HotForex is an ECN/STP Forex broker specialized in Forex trading but offering also CFDs, US shares, UK shares, commodities, metals, energy and indices.

One of the main advantages when trading with HotForex is the safety of trading funds. The broker is highly regulated by FCA UK, CySEC, BaFIN and many more European Regulatory Bodies, while it offers account segregation via Barclays UK and BNP Paribas. The HotForex asset index includes a wide range of Forex major and exotic currency pairs.

As concerns the trading platforms, traders can choose among a great variety of desktop platforms including a FIX/API platform for algorithmic traders and a PAMM Multi-Terminal for managing multiple accounts. There is also a Free VPS Hosting service for all clients maintaining a balance over $5,000. MT4 mobile trading is also available for iPhone, Android and Blackberry. The MT4 is also available for PDAs.

HotForex offers a 24/5 multilingual customer support via Call Back, Phone, Chat, Email. The website is available in 19 languages including English, Arabic, Chinese, German, Spanish, Japanese, Greek, Italian, French, Persian, Malay, Bengali, Bulgarian, Russian, Indonesian, Polish, Portuguese and Thai.

HotForex provides many different account types that can be opened with as low as $10. There are several funding methods that can be used including cards, wire, Webmoney, Neteller, Skrill etc. No commissions are charged on deposits or withdrawals. HotForex promotions include 100% welcome bonus that you can even withdraw it if you meet the minimum volume requirements. From time to time HotForex offers also $30 free no-deposit bonus. Other promotions include Free Forex Signals and market analysis via the Trading Central Service.

HotForex is a good choice for semi-advanced, advanced and professional algorithmic Forex Traders. 

» HotForex Online Trading Services

 

HotForex Review

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