HotForex Broker – The complete review of this broker

HotForex provides all the tools and services needed for clients of any level to realise their trading ambitions.1:1000 leverage

Contact Info

HotForex is one of the leading Forex brokers that has made huge steps towards reliability and expanded in many different ways. It was founded in 2010, and still makes the frontier when we talk about trustworthy financial brokers.

HotForex is regulated by the authorities of St. Vincent and the Grenadines, as an international business. At the same time, it is licensed by FCA, DFSA, FSCA, and FSA. The regulatory agencies are very reputable, making HotForex a broker that any trader can rely on.

The variety of tools offered by HotForex is another of its many advantages. The generous leverage of up to 1:1000, tight spreads, and more than 1200 tradable assets are just a few of the examples of HotForex’s offerings.

The broker is also known for its numerous bonuses and promotions. For example, the HotForex bonus 100% and 30% rescue bonus are great to keep the trader engaged.

HotForex is a winner of more than 50 awards on the regional and international levels. The awards are issued by eligible and well-recognized bodies from around the world.

Is HotForex regulated?

HotForex is registered as HF Markets (SV) Ltd, which is regulated by St. Vincent and the Grenadines, with a disclosed registration and license number.

Saint Vincent and the Grenadines have been growing recently as a hotspot for Forex brokers and those engaged in international transactions, due to the suitable fees and measures of control provided by the law.

Besides that, HotForex regulations in different financial markets are marked by recognized licenses such as FCA, DFSA, FSCA, and FSA. This allows the broker to conduct international finances and investing transactions in different countries.

The FCA is one of the highest forms of certification which makes HotForex legit and registered in the United Kingdom. To be registered with the above licenses means the broker is following very high safety standards, and any attempt of illicit activity can get the broker off the license.

hotforex interface

Accounts types

The registration process is simple and straightforward. Once you get your registration, you can start with any of the 6 account types. The accounts differ in terms of the minimum deposit required, maximum leverage, spreads, and maximum order allowed.

The HotForex account types are shaped to fit beginner and experienced traders alike. Starting with the Micro Account, which requires a minimum deposit of $5 and can be a great fit for new traders.

Most of the accounts trade using 4 currencies, which are USD, EUR, JPY, and NGN. On the other hand, Auto Account deals with EUR and USD only, while the HF Copy Account deals only with USD.

Ideally, we can talk about the Premium Account as a good solution for both beginner and experienced traders. For Premium account holders, HotForex’s minimum deposit is $100, with a maximum leverage of 1:500 and up to 300 positions can be opened simultaneously.

The different accounts have different leverages and different spread ranges. The leverage may be adjusted if the trader’s account equity is more than $300,000

The website offers a great tool for visitors of the website. For example, you can compare the accounts, you can choose to compare up to 4 accounts, and scroll down to see a listed comparison, which can help greatly to make your decision.

In addition to that, HotForex incorporates the Islamic Account. This account is those who follow the beliefs of the Quran, according to which, it is not allowed to pay or receive interest. The Islamic Account is also known as Swap Free account.

The Islamic account allows the traders to enter any financial market offered for any other account, using EUR and USD, which does not give the trader any accumulated gains in respect to the religious laws.

accounts types

Tradable assets

HotForex offers traders the chance to open positions in every financial market, with the exception of the cryptocurrency market. There are more than 1200 instruments that can be used to trade.

HotForex attracts a lot of traders. The HotForex leverage differs among the different tradable assets, such Forex, metals, energies, stocks, indices, bonds, commodities, DMA stocks, and ETFs.



There are 53 currency pairs that can be used to trade at HotForex. The broker offers leverage of 1:1000 and variable spread ranges that differ according to the traded currencies. The smallest spread is for the EUR/USD and it equals 1.3 pips.


HotForex offers the most popular oils in the energy market, these are UK Brent Oil and US Crude Oil. The leverage for energy trading is 1:66 and 1:50 respectively. There also are low spreads of 0.07 pips for UK Brent oil, and 0.11 pips for US Crude oil

Noting that contract expiration dates for each of these two oils are also clearly stated in this section, for the trader to be informed beforehand.


Gold and silver are on top of the 6 metals that can be traded, with maximum leverage of 1:100 for silver, and 1:200 leverage for gold. Metals are very popular trading assets in the market and the spreads for these instruments at HotForex are very low.


HotForex helps its clients to trade in stocks of more than 50 of the most popular corporations, using the maximum leverage of 1:14. The spreads for stocks are floating.


An index is the collection of companies that are traded in the same industry or are top corporations in a specific location. HotForex has more than 20 indices for traders to use, with maximum leverage of 1:200.


Not all brokers offer bonds for trading, however, HotForex offers Euro Bund, UK Gilt, and US 10-year Treasury bonds. With a leverage of 1:50, HoForex is a great place for Bonds trading.


The main commodities are copper, coffee, sugar, US Cocoa and US Cotton no2 are available for traders in HotForex. They come with very generous leverage and floating spreads that differ between commodities.

DMA Stocks

HotForex offers its traders the opportunity to trade directly in global stock markets, offering 8 counties’ stock exchange markets, and each market has its own listed corporations’ stocks.

It is not common for Forex brokers to offer such access, but hot Forex engages its clients in direct market access.

Trading platforms

HotForex enables its traders to use the most common trading platforms, which are the MetaTrader 4 and MetaTrader 5. This can be a great indicator that HotForex is a good broker because of MT4 and MT5 only partner with reliable brokers.

trading platforms


Traders can use the WebTrader of MetaTrader 4 and 5 which does not require installation, and traders can directly login and start trading via browser.

In addition, there is the downloadable version of MT4 and MT5, which can be installed on the desktop regardless of its operating system, Windows, Mac, or Linux.

MT4 and MT5 are compatible with any other device. The broker also offers a mobile version of the trading platforms, which means that you can trade Forex with HotForex from anywhere you are.

There are clear instructions on how to install and uninstall the Metatrader for different operating systems, which is great for beginner traders.

Demo Trading

Besides that, traders can use the demo trading account, which is a great tool used by beginners, as well as experienced traders.

Newcomers in the market can take advantage of the demo trading account in order to learn more about the market and grow as traders. The account can be very beneficial for beginners as it gives them the opportunity to trade with virtual funds, with zero risks.

On the other hand, experienced traders test out new trading strategies and observe the outcomes before taking them to the real trading platform. This is a great tool to minimize risks associated with unknown results of new strategies

The demo accounts can be selected by the trader at any time, and they replicate the actual market conditions perfectly. Traders can use virtual money up to $100,000 so that they do not risk any money from their equity.

Mobile accessibility

HotForex application is a great tool to keep the traders up to date and to make the platform accessible for all users, the mobile application is on iOS and Android, and it has all the features that are available on the desktop version.

It is faster to check market news, deposit money, and withdraw using the application. Also, mobile applications can help you understand the learning material in a more convenient way.

In addition to that, HotForex incorporates the use of MT4 and MT5 that are compatible with any mobile device using Android and iOS, making it easier for clients to trade on the go.

Mobile access to the trading platforms is easier and faster since many trading decisions are time-sensitive and any delay will affect the outcomes of buying or selling any position in the market.

HotForex bonus review

There are 3 main bonus options that are offered for HotForex traders. They are intended to keep the traders engaged if they make money, and to give them another chance even if their position is at loss.

100% Supercharged bonus

This bonus is applicable for the Premium and the Islamic accounts only. With this offer, traders can get a 100% bonus on their deposit, as well as cash rebates of 2 USD for every traded lot.

The minimum deposit to qualify for this bonus is according to the following currencies: 250 USD – 75,000 NGN – 25,000 JPY. It is automatically triggered from the trader’s account.

hotforex bonus

30% Rescue bonus

Any trading account is eligible for this bonus, which is intended to help the traders if their trading is going opposite to their expectations. It only requires a minimum of 50 USD or 40 EUR.

100% Credit bonus

If the minimum deposit in a HotForex account is 100 USD, 100 EUR, 30,000 NGN, 10,000 JPY at least, then a trader can get a 100% credit bonus on their deposit. However, this bonus is only applicable for Micro, Platinum, and Islamic accounts.

How to create your account

1- Click “open live account” which is located on the top-right corner of the page in a green box

2- Fill in your personal information, your name, email address, phone number, and create your password, and check the privacy policy box

3- You will receive a PIN on your mobile phone or email to verify your account, insert the PIN

4- You will go through a few questions regarding your goals, which will help your broker understand your expectations

5- Submit the required documents to verify your accounts and your identity

6- Deposit money into your account, and start trading


The big corporations and partnership campaigns are what is HotForex proud about, as they spread to cover different entities to carry the brand of HotForex.


HotForex reviews are accompanied by the successful sponsorship of the French football club, Paris Saint-German. This makes HotForex a highly reliable broker because a top-tier football team would only partner with legit brokers.

Besides that, famous figures such as the ex-footballer Michael Ballack and the Hollywood actor Sean Bean become the faces of the company. This reflects nothing but a reliable image of this broker.

Moreover, in the car racing competitions, HotForex is a proud sponsor for the racer Tio Ellinas, the winner of Formula Renault 3.5 Series Championship, and the Porsche Mobil 1 Supercup.


The comprehensive affiliate and referral programs are found when we check a hot Forex review. Under this program, any legal or personal entity can be a partner in success with HotForex.

Affiliates are provided with special links, and they offer the tools for the affiliates to track the volume of the subscriptions coming from this link. As well as referral programs where you can introduce a new client to the broker, and earn a considerable amount of money.


HotForex really cares about the experience that their clients have. At the same time, the broker is also focused on the education and knowledge of the market that its individual clients have. Because of this, it provides very well-developed educational material to Forex traders.

HotForex provides a bunch of educational videos podcasts of market experts discussing key trading tools and topics. Besides that, there is a library of educational books for different topics that a trader can read from.

Other educational materials are webinars, how-to videos, and tutorial videos, which are very useful for new traders to get some theoretical knowledge before practicing real trading.

hotforex education

HotForex pros and cons



Customer Support

There is definitely no lack of communication channels in HotForex, the support team email address, as well as different telephone numbers that differ per region, makes it easier for a trader to reach anyone in HotForex.

In addition to the English language, the support team is operative in Arabic, Spanish, Chinese and Korean language. The main reason behind this is to make sure both the broker and the trader have common ground and can understand each other.

The website is available in multiple languages, and the live chat feature is also good for having quick responses to traders queries, which is online 24/5.

FAQs about HotForex

Is HotForex reliable?

Yes, HotForex is a regulated broker by the authorities of St. Vincent and the Grenadines, as well FCA, FSCA, CySEC, and DFSA, which are the most recognized certifications for conducting International transactions.

What is HotForex minimum withdrawal amount?

To withdraw funds from the trader’s account, the minimum amount shall be 5 USD in case of credit/debit cards, FasaPay, Neteller, WebMoney, and Bitpay, or 10 USD in case of Perfect Money withdrawal method, where a wire transfer or Vload will need 100 USD minimum amount.

Can I trade with HotForex in the USA?

No, HotForex is not licensed to conduct trading activities in USA or Canada, However, FCA that is authorized from the UK, CySEC from Cyprus, and FSCA certificate that is issued from South Africa are top-tier licenses that HotForex holds.

How long does it take to deposit funds?

It takes up to 10 minutes to deposit your money in your trading account in HotForex, however, it might take 2-7 business days if you are using wire transfer.

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