Reviewed broker: HFM (previously known as Hotforex)
Operated by: HF Markets Group, related website is OptionTrade.com
Established in 2010
Location: St. Vincent and the Grenadine
USA traders: not accepted
Execution: market execution
Expert advisors: allowed
VPS hosting: available
Safety of client funds: segregated accounts
Trading Instruments: Forex, Crypto
Cryptocurrencies Trading Details
HotForex has recently added cryptocurrencies to its tradable CFDs, allowing clients to expand their trading strategy and include these instruments in their daily trading. Popular digital currencies , including bitcoin, are perfect for CFD trading. HotForex enables you to trade a variety of pairs consisting of Bitcoin, Ethereum, Litecoin and Dashcoin, all at very competitive prices and great liquidity to suit all your trading needs.
Advantages of Trading with HFM
Trading Conditions
- Tight Spreads starting from 0.1
- Maximum leverage up to 1:1000
- Scalping and Hedging allowed
- 20 Industry awards
- Execution Desk, Transparency
Smart Trading
- Selection of Forex, Indices, Commodities and CFDs
- 100 Welcome Bonus and Supercharged Bonus
- Many continuous Promotions
- No fees for Account Funding
Advanced Trading Tools
- One Click Trading execution
- Market News and Analysis
- Free VPS hosting
- Educational Material for Beginners
- Auto Transfer for Instant Withdrawals
HFM Review : Trading Platforms and Features
Platform Selection:
- MT4 Desktop version
- HotForex Metatrader 4 Web
- Hotforex Metatrader 4 for smart phone and devices
- Hotforex RapidTrader API
One click trading: yes
Spread types: variable, fixed
Account types: micro, premium, zero, pamm, fixed, vip, auto
Islamic swap free accounts: available
Maximum leverage up to 1:1,000
Typical spread starts from 2.5 pips
Minimum trade size: 0.01 lot
Margin call level: 50%
Stop out level: 20%
Scalping: allowed
Hedging: allowed
Phone trading: available
API trading: available
VPS hosting: available
Negative balance protection
Payment Methods for Deposits and Withdrawals
Minimum deposit requirement: $5
Payment methods: credit cards, Skrill, Unionpay, Neteller, wire transfer, Webmoney , Fasapay, Bitcoin
Educational Resources and Bonuses
Educational material: daily market analysis, weekly live webinars
Promotions and bonus offers: facebook contest with gadget prize, traders awards 2017, demo contest, trade with stype, deposit and win, VIP contest, currency wards
Customer Representatives
Customer support: email, phone, live chat
How was the rating of HFM performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on HFM broker performance and features.
Overall our online Hot forex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Hotforex or you find inaccurate details HFM broker review please get in touch with us and the changes will be applied.
