Should you trade with HotForex? Read our HotForex review to find out

Please be aware that this might heavily reduce the functionality and appearance of our site. Also, the MT4 and MT5 versions can be downloaded on Android and iOS devices from the app store. Also, you can download them directly from the HF Markets official website. They are just exactly what you will find in the web version, and it has all the features and tools found on the web version. In addition, there are helpful tools like the “autochartist” which will show you automated technical analysis.

• It offers a choice of best-in-class exchanging stages over different gadgets.
• HotForex is headquartered in St. Vincent & The Grenadines, where unsurprisingly, there is a lack of proper regulatory organization that takes care of the customers.
• Client money is already covered by statutory obligations, and to further protect against liabilities against customers, HF Markets EU offers an insurance policy at no additional cost to clients.
• Besides that, there is a library of educational books for different topics that a trader can read from.
• As our team has discovered, creating an account at HotForex is a pretty simple and fast process.

Hot Forex Customer Protection

Currency pair spreads at HotForex are low compared to other brokers of the same caliber. The Zero Spread account has spreads starting hotforex broker review from 0 pips, naturally, all other accounts carry currency pair spreads from 1 pip. All spreads are variable too, which means you can benefit from even cheaper trading during periods of high liquidity. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. Overall, for beginners and casual traders, Trading 212 provides a straightforward, and reliable platform to begin trading, earning it Best in Class honors for Ease of Use in our 2025 Annual Awards.

How do you open the HotForex account?

HotForex charges an inactivity fee of $5 from accounts that have conducted no trading activity in the last six months. You can avoid inactivity fees by using another broker such as Axi. Although cryptocurrencies are a new addition to HotForex, our reviewers were pleased to find that the broker still manages to deliver 12 of the most popular crypto pairs. You can trade the likes of Bitcoin/US Dollar, Ethereum/Euro, and Litecoin/US Dollar with just $1 commission. To open an account with HotForex, you’ll need to provide proof of identity and proof of address to have a live account.

How do I contact HotForex customer support?

Still, its services are regulated by the Financial Conduct Authority (FCA) in the United Kingdom, considered one of the top-tier regulatory bodies in the industry. Best of all, these platforms are available in various versions, such as desktop, mobile, and web, so you can trade whenever and wherever you want. However, some users had negative reviews, citing issues with difficulty withdrawing or delayed withdrawal. The MT5 online terminal provides the same functionality as the MT5 desktop terminal without the need to download, install, or execute any software.

HotForex account types

As a hybrid broker, HotForex can offer full transparency and lower spreads. Paired with licenses from trusted institutions, this gives you a safe and stable trading experience. At HotForex, you’ll also find a wide range of tradable assets making them a great option if you’re looking to diversify or safeguard your portfolio. They also provide rewarding bonuses, trading tools, and analysis. HotForex also offers amazing brokerage services, and the traders can participate in weekly webinars and QA sessions with the experts of the industry. This helps them lay a solid foundation for their trading accounts.

• But it is always very important to trade small pieces from your amount so you are not risking the whole capital in a few trades.
• You can start trading in seconds with all of the same functionality as the MT5 desktop platform by simply launching the web terminal from any computer and browser.
• This allows you to enjoy HotForex’s wide range of instruments wherever you are.
• Just keep in mind that you will need the MT4 desktop platform if you plan on running automated trading strategies (EAs).
• With the HFCOPY account, beginner traders can copy other people’s decisions and improve their perception of the entire trading process.
• HotForex really cares about the experience that their clients have.

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. 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. Besides that, HotForex regulations in different financial markets are marked by recognized licenses such as FCA, DFSA, FSCA, and FSA.

Yet another section we need to cover in the following HotForex broker review is its research tools and materials. With those at hand, you can really increase your trading effectiveness and profitability by predicting future price movements more or less accurately. What’s also very important is that you can access HotForex’s trading academy whether you’re a demo user or a retail customer.