hotforex screenshotHotForex is an award winning brand that provides forex and commodities brokerage services. Fully licensed and regulated by CySEC and the FSC, they offer various accounts types, trading software, and trading tools to facilitate individuals, fund managers, and institutional clients in trading forex and commodities. 

With offices in Cyprus and Mauritius, and supported by global Customer Management Centers, HotForex offers an unparalleled trading experience with excellent multilingual support in an effort to provide its clients with every trading advantage possible. 

HotForex is driven by their core values of Honesty, Openness and Transparency and this is reflected in all daily operations and management decisions.HotForex belongs to HF Markets Ltd. (regulated by Financial Services Commission FSC) offers secure trading experience for both investors and managers in online forex and commodities. Unlimited underlying accounts, risk management, highly competitive trading conditions including low spreads and overall transparency brings this award-winning broker to the top list.

HotForex broker has been awarded with prestigious award titles, among which one of the latest is Best Online Broker in Asia and Eastern Europe 2013 by World Finance.

Account Types

Hotforex reviews all the available accounts and compares them side by side for you to find the most suitable solution for your trading needs.

Demo account – provides unlimited practice account for beginners and strategy testers.

Micro account - suitable for newbies in forex trading with minimum opening deposit of just $5 and leverage of up to 1:1,000.  Minimum trade size is 1 Micro lot 0.01.

Premium account - fits experienced traders seeking powerful trading experience and complete benefits from HotForex broker. The minimum deposit requirement is $500 with the maximum leverage of 1:400. Premium account provides personal account manager, PAMM accounts, direct trading room phone access and multilingual customer support available during trading hours in whooping 12 languages.

VIP account - brings nothing but luxury suitable for professional traders.  Minimum deposit requirement is $40,000 with very competitive spreads from 0.4 pips. VIP traders receive persona account manager, optional performance listing, access to PAMM accounts and multilingual customer support available during trading hours.

Islamic account - swap free accounts are available for traders of Islamic believes.

Currenex account – best suitable for scalpers.

Zulutrade account – suitable for automatic trading solutions

PAMM account – available for money managers

Trading Conditions

The available trading instruments include forex, indices, commodities and Share CFDs. Spreads starts from 1 pip on major currency pairs, while VIP accounts can take advantage of tight spreads from as low as 0.4.

 

Forex
Currency
Pair

Typical Spread 
Non-Currenex

Swap Short

Swap Long

Limit and Stop Levels

AUDCAD

2.3

-11.83

5.09

4

AUDCHF

2.4

-18.33

7.51

4

AUDJPY

2.2

-15.72

6.85

4

AUDNZD

3.2

-7.53

2.94

4

AUDUSD

1.7

-9.2

5.6

4

CADJPY

2.3

-4.6

1.77

5

CADCHF

2.3

-4.6

1.77

6

CHFJPY

2.3

0.12

-1.28

4

EURAUD

1.9

8.39

-19.26

3

EURCAD

2.4

1.78

-4.73

4

EURCHF

2.4

-1.98

0.21

4

EURDKK

3.4

-1.27

-0.01

15

EURGBP

1.7

0.20

-1.50

3

EURHUF

24

8.43

-30.88

40

EURJPY

1.9

-2.01

0.24

5

EURNZD

5

5.3

-12.77

5

EURPLN

20

6.58

-23.18

40

EURUSD

1.6

-0.8

-1.2

3

EURRON

80

5.593

-7.4

80

GBPAUD

2.8

9.31

-21.38

5

GBPCAD

3

1.32

-3.4

5

GBPCHF

3.1

-4.06

1.37

5

GBPJPY

3.6

-2.68

1.01

5

GBPNZD

7

5.48

-13.37

6

GBPUSD

2.5

-0.35

-1.95

3

NZDJPY

3

-8.82

3.65

5

NZDUSD

2.4

-11.94

3.24

3

NZDCHF

8

-11.24

3.49

5

NZDCAD

6

-6.06

2.48

5

USDCAD

1.9

0.10

-2.29

3

USDCHF

1.9

-1.2

1

3

USDDKK

5

-3.50

-1.50

40

USDHKD

4

-2.01

-0.39

10

USDHUF

20

6.34

-23.4

50

USDJPY

1.7

-3.2

0.2

3

USDNOK

30

2.37

-5.62

50

USDPLN

40

5.47

-19.26

40

USDSGD

3.1

-0.62

-0.17

10

USDTRY

5

12.42

-43.39

30

USDZAR

40

8.77

-22.05

40

USDRON

70

4.571

-5.851

80

ZARJPY

2

-2.63

0.98

20

 

Trading Platforms

MetaTrader 4 - the most popular front-end inteface in the forex industry. HotForex brings this outstanding software together with interbank liquidity and fast execution. The HotForex MT4 Terminal allows you to access wide variety of financial markets (Forex, CFD and Futures) and provides the necessary tools and resources to analyze price movements and make rational decisions. It represents the all-in-one concept and is derived from the most popular trading terminal in the world.

MetaTrader 4 MultiTerminal - platform provides a powerful and convenient way to manage multiple accounts simultaneously from a single interface with all the necessary features and functions of MetaTrader 4 interface.

iPhone/iPad/Droid/Blackberry/Smartphone Trader – use the mobile trading platform to access your account from any portable device you have got. The trading terminal is equipped with fully functional features, technical analysis, charts and instruments to make your trading on-the-go most profitable.

Webtrader – web-based user-friendly and highly customizable trading platform with enhanced charting capabilities and efficient functionality, accessible via any computer with internet access. The platform allows you to trade from anywhere without the need to download any plugins, applets or software.

Payment Options

Deposits are processed via the following payment options: Wire Transfer, Credit/Debit cards, Webmoney, Skrill, Neteller, CashU, Ukash, FinalPay. The speed at which the funds appear on the account will depend on the method by which they were deposited.

Minimum deposit requirement is $5 for online payment methods and $100 for Wire Transfers.

Promotions and Bonuses

50% Bonus – increase your trading volume with 50% bonus offer. The bonus can be withdrawn once the promotion terms are met.

15% Rescue Bonus – protect your account from drawdown periods.

 Customer Support

 

Customer representatives are available via email, live chat or phone. There are quite a number of phone numbers and different email addresses listed on the site to make the communication with the broker fast and effective.

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