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HotForex

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7.2
( 34 Reviews )

Founded: 2010 Min Deposit: 5 USD

Headquarters: Cyprus Max Lev: 1 : 1000

Score
Business Scope
7.2
Trading Cost
6.9
Trading Platforms
7.0
Support
6.6
Licence Status

hold many regulation licenses such as FCA

CySEC 183/12
FCA 801701
Mauritius-FSC C110008214
Contact
+44 2035199898
support@hfmarkets.co.uk
Multiple Base Currencies Support
24/7 Client Support
Multilingual Support
Multi-regulation
Fast Deposit
Fast Order Execution
Fast Withdrawal
Multiple Account types
Mario Vega
2020-12-19
My account performs very well, the spread is okay. Decent execution, no complaints so far. But I haven't withdrawn funds in hotforex yet, I will take a while to test the withdrawal.
Laslo
2020-11-15
In the past few months, I've traded with HotForex. They have low spreads and good trading environment. I've taken advantage of their no-depost bonus. They are helpful. You can have a try.You won't get disappointed.
Sandy
2020-11-03
Just got my second withdrawal as scheduled. Trades can be executed without delay. Average spreads and commissions are close to the average level.

Deposit and Withdrawal

7.0

Good

Fast deposit & withdrawals

Features

Fast Deposit
Fast Withdrawal
Low Minimum Deposit

See more
See more

Company and Service

7.2

Good

fast deposit/withdrawal& good customer support

Features

Good Customer Service
Multilingual Support
Quick Response
Profile
Headquarters Address
Spirou Kyprianou 50 , Larnaca, Larnaca 6057, Cyprus
Founded 2010
Broker Type
STP
Time Zone GMT+2,GMT+3
Credit Profile No information
Trading Platforms
MT4
Mac,  Windows,  iOS,  Android,  Webtrader,  Multiterminal,  Linux
MT5
Mac,  Windows,  iOS,  Android,  Webtrader
Contact
No Data
Others
Website Language
Czech,  English,  German,  Greek,  Hungarian,  Italian,  Polish,  Portuguese,  Romanian,  Slovak,  Slovenian,  Spanish
Customer Service By
Phone,  Email,  Live Chat,  Facebook,  Twitter,  LinkedIn
Supported Language
Czech,  English,  German,  Greek,  Hungarian,  Italian,  Polish,  Portuguese,  Romanian,  Slovak,  Slovenian,  Spanish

Broker News

Is HotForex a good broker? Here is what its clients has to say 2022-05-09
With a competitive pricing structure, a wide range of trading tools, and efficient customer support, HotForex claims to be a market leader. However, the broker receives critics for its bad conduct.
Deposit Rate Comparison Between Forex Brokers in Nigeria 2022-05-09
Here is a list of the top 7 popular forex brokers that offer relatively good deposit exchange rates and trading platforms to Nigerian traders.
HotForex’s Andreas Lambrou Joins Capex.com as CFO 2022-01-10
The longtime HotForex senior executive Andreas Lambrou has left the company, joining CySEC-licensed rival Key Way Group, which operates the Capex.com Retail FX brand.

Related Complaints

Q&A

Overall Score

7.2
34 Reviews

Cost 6.9

Platforms 7.0

Deposit & Withdrawal 7.0

Customer Support 6.6

Indicates the average level of Brokers

Keywords for selection
Fast Deposit/Withdrawal Fast Execution Low Spreads Multi-Language Support No Requote Simple & Quick Registration Process Good/Professional Customer Support Deposit/Withdrawal Problems Bad/Unprofessional Customer Support

34 Reviews

Iery

2022-04-29 0-6 months Micro Account
Was my first Broker but as you know, first one is not always the best one.
Germany
Helpful
Not helpful

Emily

2022-04-29 0-6 months Micro Account
I want to close the account and do not want to pay, the minimum withdrawal is 20 USD at another broker I had the same problem, but it was closing the account, they paid, hotforex is scam
Japan
Helpful
Not helpful

Md Arif Hossain

2021-09-23 7-12 months Premium Account
I have been trading with hotforex for nearly one year now, and this is the second time i am facing big issue with them, last time they accepted their fault and returned my losses. Yesterday one of my position was liquidated when price wasn't reached at that level, I sent them my issue but they didn't reply me...the worst broker.
Slovenia
Helpful
Not helpful

Mohammad Aziz Uddin Chowdhury

2020-12-25 7-12 months Micro Account
Hotforex is big scam! I submitted a withdrawl when I had a decent balance, but no response as if they are attempting to ignore me, no response no email no money received.
Egypt
Helpful
Not helpful

Sebastian

2020-10-12 7-12 months Micro Account
I have been trading with hotforex for nearly one year now, and this is the second time i am facing big issue with them, last time they accepted their fault and returned my losses. Yesterday one of my position was liquidated when price wasn't reached at that level, I sent them my issue but they didn't reply me...the worst broker.
Canada
Helpful
Not helpful

Fibonacchi Trader

2022-08-27 7-12 months Premium Account
HotForex was my first broker. I opened an account with them back in 2011. Traded for a while and found them decent. Did not have any issue but moved to other brokers with better trading features.
Bangladesh
Helpful
Not helpful

AlexLE

2022-04-01 0-6 months Premium Account
Spreads are low but not the lowest, Other brokers have also fixed spreads. Overall a very good broker. Quick account oppening and withdawal.
India
Helpful
Not helpful

Abdul Quddus Chowdhury

2021-11-24 Not used yet Micro Account
I compared the prices of CMC Markets and IG...I found that HotForex still has a long way to go in rivaling CMC Markets and IG, particularly in spreads.
United Kingdom
Helpful
Not helpful

Md Fahidul Hasan

2021-11-17 1-3 years Micro Account
Trading since 2019 with them. I think Hotforex is a well-balanced broker. All the issues are always resolved quickly. Its MT4 platform is easy to navigate and very user-friendly, and it has no requotes. Compared with other brokers, the spread is also very low. I always complete my transaction at the desired price. I am very grateful to them. I would like to give them 5 stars now. Well done!
Germany
Helpful
Not helpful

Zulfikar Ali

2021-10-17 0-6 months HFcopy Account
With a decent set of instruments, though i can't say i use them all, so far the results are promising. the broker is pretty much decent, fast MT4 terminal reaction, fast order execution and closing, spreads are manageable both in swings and scalps, the withdrawal process is easy and fast. My trading experience with hotforex is really good, i highly recommend it to all of you!
Portugal
Helpful
Not helpful

1-10of 34 comments

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