November 18, 2019

hotforex review

HotForex is an STP (Straight Through Processing) broker that has been operating on the market since 2007.

The HotForex brand belongs to the company HF Markets Europe Ltd, which is overseen by the Cyprus Securities and Exchange Commission CySEC. HotForex has a wide educational and investment offer. Customers of this broker can create one of many available accounts.

Mini Account with a leverage of 1: 100  or Zero Account  which has a minimum spread. Naturally, client funds are separated from broker funds. HotForex offers protection against a negative balance and is characterized by dynamic order execution. The broker provides a demo account for 30 days and is highly flexible in terms of the method of deposits and withdrawals.

The brand is listed in the following registers:

  • KNF Poland
  • FCA
  • BaFin Germany
  • CONSOB Italy,
  • ACP,
  • CNMV,
  • DFSA,
  • FI
  • HFSA.

Accounts can be kept in USD, PLN and EUR. The transaction platform made available to clients are MT4 and Webtrader as well as mobile platforms. The broker offers 50 currency pairs in CFDs, trading in commodities, shares and indices.

Many new and regular customers may be tempted by attractive promotions, for example:

  • free Account top-up
  • HotForex MasterCard
  • promotional products

The minimum size of items within the accounts: Micro, Fix and Zero is 0.01 lot, while in the VIP account 0.1 lot. The minimum deposit in the Micro account is $ 50, in the Fix $ 500, in Zero $ 100 and in VIP $ 20,000.

If you need further information on review of Hotforex accounts, please refer to this Hotforex review please also note that availability of each trading account depends on the GEO and deposit amount. Some accounts are not available for traders in EU. 

In addition, Premium, Auto and Islamic accounts without SWAP are also available. HotForex enjoys recognition and good opinions among investors.

HotForex reviews

Below you will find reviews about the HotForex broker. If you want to add your opinion on HotForex, then  kindly  send us a message via the contact form. Please provide enough information.

HotForex education

Professional training is great help not only for beginners, but also for intermediate investors. HF Markets (Hot Forex) has prepared a wide educational offer for its clients, including practical tutorials and e-learning. The broker organizes free live webinars during which investors can inquire about things they have doubts about. During the courses, traders acquire skills that make it easier for them to understand what is happening on the market and how to interpret individual changes. For novice investors, the broker gives access to an e-course, which contains tips on how to start trading and how to read and interpret charts to make the right decisions.

Expert advisor support

HotForex provides its clients with full support of advisers in over 20 different languages. Consultants are available to investors 24 hours a day, five days a week, which allows them to solve problems almost immediately. Advisors can be contacted by phone, via e-mail or live chat, which is very convenient. It is worth mentioning that recently HF Markets (HotForex) has its service office also in Warsaw.

How to open an account on Hot Forex?

Due to the positive feedback and good offer, many investors decide to open a brokerage account on HF Markets (Hot Forex). Registration takes place via the broker website and most importantly, does not take much time. To set up an account, first click the “Open Live account” tab, and then complete the form provided. All you need to do in the next steps is to follow the broker’s instructions. It is worth mentioning that investors can open an HF Markets (HotForex) demo account before opening a real account . The demo version of the account allows you to check your skills without the involvement of capital, which is a great solution especially for beginner traders.

Hotforex bonuses

Hotforex at the moment doesnt offer any welcome bonuses for EU traders, but you can grab Supercharge bonus if you reside outside of EU and sign up under their Seychelles branch. Visit the official page to check the latest promo. 


In the investor environment, HF Markets (HotForex) is quite popular, but this does not mean that it has no shortcomings. The broker gives access to a wide educational offer, while most of the training materials provided have not been translated into Polish, which is a big problem for domestic users. The website does not meet all customer expectations, as some of the texts appear on it only in English.


Investors are happy to open accounts on HF Markets (HotForex) mainly due to the low minimum deposit required (from 50 USD) and the extremely low transaction costs . The broker is called reliable because he has no problems with withdrawals and the trade is always smooth.

Among the broker’s strengths, it is worth highlighting:

  • low commissions,
  • narrow spreads
  • access to trading calculators and the economic calendar,
  • several types of accounts to choose from,
  • detailed analytical tools,
  • trading platforms with an intuitive interface,
  • membership in the Cyprus ICF, i.e. in the bank compensation fund in the event of bankruptcy,
  • live webinars,
  • the possibility of using scalping and hedging strategies.