HotForex

HotForex
Credit Bonus, Tradable Bonus, Withdrawable Bonus
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Overview

Despite the fact, that HotForex was founded in 2010 it is relatively new to the forex market in terms of brand awareness. Recently, the company reestablished its approach to customer-oriented attitude. Mainly due to this fact it has received numerous awards from several respectful institutions from Europe, Asia, the Middle East, and Africa. The firm is regulated by CySEK and St. Vincent the Grenadines regulatory authority.

Deposits and Withdrawals

The Micro account requires only 5 dollars to open, providing the maximum leverage of 1:1000 and there is maximum 150 orders that can be open simultaneously. The company accepts all major credit and debit cards, no fee is charged for this payment method. You can also send a wire transfer (takes between 2-7 days to arrive in your account). There is no fee for transfers below 250 USD. You can also deposit with Skrill or Neteller (up to 10 minutes). Withdrawals are processed using the same method which you used to make a deposit. Withdrawals via credit/debit cards usually take 2-10 business days to reach your bank account.

Trading

The broker offers a wide range of account types. Micro account which was mentioned previously, Premium account with 500 USD minimum deposit and spreads starting from 1 pip, Zero account with minimum deposit of 100 USD and spreads starting from 0, Fixed account with 500 USD minimum deposit and fixed spreads, and VIP account with 20.000 USD minimum deposit which provides you the option of one-to-one consultation with the head market analyst and offers spreads starting from 0 pips. The company uses MetaTrader 4 trading platform which is well-known on the market for its such features like multiple market order types and automated trading. HotForex also supports mobile trading, there are versions of MT4 available for Android, iOS and Windows phone devices.

Instruments

There are around 50 currency pairs available for trading, both major and minor (like AUD/NZD, GBP/ZAR, NZD/JPY). Average EUR/USD spread is from 1.2 pips here. There are also Metals, Energies, Indices, Shares, Commodities, and CFDs offered here. For stocks and CFDs, there is a 10% commission charge. You can also trade cryptocurrencies here like Bitcoin, Ethereum, Litecoin, Ripple, and Dash.

Conclusion

HotForex’s webpage is packed with useful information and is developed in a clear and organized manner. This is a type of broker that has something to offer for both novice and experienced traders.

  • ***
    Broker HotForex
    Website URL www.hotforex.com
    Founded2010
    HeadquartersEbene
    Support Number+44-2033185978
    Trading PlatformMT4 , mt4 web, iphone traders, ipad trader, android, windows
    Minimum 1st Deposit$5
    Minimum Trade Amount0.01
    BonusCredit Bonus, Tradable Bonus, Withdrawable Bonus
    Leverage1:500
    SpreadVariable
    Free Demo Account Open Demo
    Demo ExpirationYes
    RegulationCySEC, FSC, FBS
    US Traders Allowed No
    Public ListingN/A
    Tech Support24/5
    Spread BettingNo
    Binary optionsNo
    Average Spread EUR/USD0.0 < 1.0
    Avarage spread GBP/USD0.0 < 1.0
    HoursYes
    Mini Account5
    Swap AccountsYes
    PAMMYes
    PlatformtimezoneGMT+3
    Auto TradingYes
    HedgingYes
    Affiliate Program:Yes
    Expert advisors:Yes
    Free Education:Yes
    Daily Analysis:Yes
    Trailing StopsYes
    Other InstrumentsForex and Spot Metals, CFD's on Commodity, Indices, Oil and Shares,
    Decimals5
    ScalpingYes
    Blocked countriesUSA, Canada, Belgium, Iran, Sudan, Syria, North Korea
    Accepted CountriesAfghanistan, Albania, Algeria, Andorra, Angola, Antigua and Barbuda, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Central African Republic, Chad, Chile, China, Colombia, Comoros, Congo, Costa Rica, Cote d'Ivoire, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Fiji, Finland, France, Gabon, Gambia, Georgia, Germany, Ghana, Greece, Grenada, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Mauritania, Mauritius, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Morocco, Mozambique, Myanmar (Burma), Namibia, Nauru, Nepal, Netherlands, New Zealand, Nicaragua, Niger, Nigeria, Norway, Oman, Pakistan, Palau, Palestine, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Rwanda, St. Kitts and Nevis, St. Lucia, St. Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Korea, South Sudan, Spain, Sri Lanka, Suriname, Swaziland, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Tuvalu, Uganda, Ukraine, UAE, UK, Uruguay, Uzbekistan, Vanuatu, Vatican City, Venezuela, Vietnam, Zambia, Zimbabwe
    Overall Score3.3

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