HotForex is part of the HF Markets Group, and is the branch that serves traders located outside of the EU. HF Markets is the brand-name for the EU branch of this company. company is a multi-national online Forex broker in operation since 2010. The company claims to have over 1,500,000 live trading account and more than 200 employees globally. It provides service to its traders in 27 languages. Over the past nine years, Hot Forex successfully took advantage of the explosive growth in online Forex trading and increased its market share on a global scale. Regulated in six different countries, transparency and security remain top priorities on top of excellent customer service. Traders have over 150 assets to choose from and Hot Forex continues to implement technology and innovate with the markets.

This Forex broker claims that its traders are paramount to their operations and they back it up with an excellent trading environment. Spreads start as low as 0.1 pips without commission and 0.0 pips with commission, scalping and hedging is allowed and Hot Forex has a transparent rollover policy which means that positive swap rates will be credited to your account. Client funds are segregated and held at major banks, Forex traders have access to a range of trading tools which include free VPS hosting critical to automated trading solutions, different account types cater to new traders as well as seasoned professionals and and educational suite which can help new traders lay a solid foundation before starting to trade.

Rounding up an excellent brokerage service are daily market analyses, live weekly webinars as well as live Q&A sessions with their experts, negative balance protection and their HFcopy service which allows new trader to follow their preferred traders and strategy providers to earn additional income through fees charged. Overall, we were more than satisfied with the offerings we discovered and tested during this Hot Forex review.

Unique Features of Trading with HotForex

Why trade with HotForex.com? The firm lists these reasons:

• Formed in 2010 in the Republic of Mauritius by industry professionals;
• Regulated by the CySEC in Cyprus and licensed by the FSCA in South Africa. Also regulated by FCA, DFSA and FSA.
• All deposits are safe in segregated accounts with major international banks;
• Trade forex pairs, metals, energies or CFDs for stocks, commodities, and indices with over 140 asset choices in 20 markets;
• MT4 trading platform formats, combined with customized web-based versions for access via any all operating system;
• Multiple accounts with escalating benefits: Micro, Premium, VIP, Fix, Auto, HFCopy;
• Specialized accounts: “No-Swap Islamic” account, a Zero account to provide near zero-spreads for scalpers and automated traders requiring near-zero spreads; PAMM account (only available to clients of HF Markets (SV) Ltd).
• No U.S. clients accepted at this time;
• Multiple deposit methods supported;
• Branded MasterCard for quick withdrawal applications;
• Website in 27 languages, many of which are supported by customer service 24X5 each trading day;

Is HotForex safe or a scam?

HotForex is a brand name of the HF Markets (Europe) Ltd. that is authorized and regulated by the CySEC a regulatory authority for Investment Services firms in Cyprus, along with cross border licenses due to its European position, authorizing the company to provide investment services within EEA zone.

In simple terms it means the broker is regulated and authorized to offers its trading service along with necessary safety measures and controls applied.

Is HotForex legit?

In addition to its main license from CySEC, the broker holds other licenses to be able to serve clients from some specific jurisdictions including South Africa, Dubai, England and more. Which all in all maker HotForex legit broker.

Also, there are HotForex entities that are registered in offshore zones alike Mauritius, SVG and Seychelles. While our general recommendation is not to trade with offshore brokers as they simply do not regulate Forex trading, due to HotForex multiple parallel regulations it is considered to be safe to trade with them.

HotForex Broker Type? 100% STP

This forex company is 100% STP Broker, following a Market Execution policy with no dealing desk (which is good if you ask me). This means that all clients have their orders executed instantly under normal market conditions and at the real market price. All client’s orders are transmitted to and executed by HF Markets Ltd who obtains liquidity from multiple banking and financial institutions.

This information, along with all other relevant information

HotForex account types?

So getting into detail about account types themselves, HotForex made it simple to understand and highly competitive due to its conditions. The range offers Micro, Premium, Zero spread, HFCOPY, AUTO and PAMM Premium Accounts and along with the Islamic Account suitable for traders from the MENA region or beyond.

Each of the account types bringing the particular possibility for your trading strategy while allowing either beginning traders, investors or professionals to find its own way in trading. The options ranging from the opportunity to trade Micro lots, or specified account for Copy Trading or if you would like to become a Masker account. You may see below in our HotForex Review detailed discrepancy of each in order to understand what offering is about.

HotForex Deposits and Withdrawals

HotForex accepts all major credit and debit cards, bank wire transfers, and additional services like Skrill, Neteller, FasaPay, Sofort, mybitwallet, iDeal and Webmoney As with all global brokers, you will need to submit legally mandated identity information before any withdrawal request can be approved and processed.

How long does it take to process withdrawals at HotForex/HF Markets?

Normally HotForex withdrawals take between one to five business days to process depending on the payment method chosen, at least for Neteller and Skrill the time it takes to process withdrawals there is between 24 to 48 business hours, for Bitcoin withdrawals by Bitpay the processing time is 24 business hours and for all other payment methods withdrawals take more than 72 hours (3 days) up to five days at most.

HotForex Spreads & Leverage

HotForex offers primarily variable tight spreads, but they also offer a specialized fixed spread account for scalpers and automated traders that equates to Interbank spread prices. Leverage also varies by account classification. For Micro, Premium, and VIP, leverage conditions are respectively 1:500, 1:400, and 1:300(not applicable for EU clients. Max leverage is 1:30 for EU)

*For clients of HF Markets (Europe) Ltd Leverage is set to a maximum of 1:30 always depending on the appropriateness status of the client.

HoForex Regulation and Security

When it comes to regulation, security and transparency Hot Forex ticks all the boxes. This broker is as open as it gets in today’s market space. Hot Forex is divided into two entities, HF Markets UK LTD and HF Markets Europe LTD.

HF Markets UK LTD is authorised and regulated by the Financial Conduct Authority (FCA). The company’s reference number is 801701. It also participates in the Financial Services Compensation Scheme (FSCS).