HotForex (HF Markets) Review 2021

HotForex (HF Markets) Review 2021

Davis J.
Robertson A.
March 2021
Analysis of the Main Features of the Forex Broker

6.55

Overall rating

6.34

/10

Execution of orders

6.76

/10

Investment instruments

6.4

/10

Withdrawal speed

6.7

/10

Customer Support work

6.18

/10

Variety of instruments

6.92

/10

Trading platform

43

Position
in rating

Trading terminals:

MT4 MT5
HotForex FIX/API
43

Position in rating

6.55/10
Overall rating

Trading terminals:

MT4 MT5
HotForex FIX/API

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of HotForex Trading Company

HotForex (HotForex.com) is a broker owned by the HF Markets Group, offers a wide variety of account types, and has the widest selection of trading assets and high-quality software. HotForex also has favorable trading conditions and instant execution of orders. Plus, a solid list of tools and services allow everyone to choose the best option. The broker's reliability is confirmed by the license of several regulators. The company's work experience in the financial, brokerage and other services market is over 10 years. Within that time, Hot FX has received 35 prestigious awards.

Attention!

We work with accounts opened exclusively through the Traders Union website.

👍 Advantages of trading with HotForex:

  • favorable trading conditions and low spreads - from 0 pips;
  • controlled by several regulators;
  • no commissions for account replenishment and bank transfers.

👎 Disadvantages of HotForex:

  • Withdrawal terms do not always correspond to those indicated;
  • Few account currencies, which is why some clients have to pay for double conversion;
  • The choice of electronic payment systems for replenishment/ and withdrawal is rather modest;
  • Registration is quite easy, but while it is in progress, you cannot learn the conditions on other types of accounts;
  • Customer support is closed on weekends.

Overall

The HotForex broker focuses on traders from Europe. The company offers a variety of investment options and is suitable for both novice and professional traders.

Visit HotForex

HotForex (HF Markets) Latest Comments for 2021

14
0
0

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of HotForex published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

My trading journey with HotForex has had a significant impact on my trading style and overall profitability and understanding of the entire FX industry. The broker is a leader in the industry, offering all the tools and training materials for systematic self-development. You can and should work with a company, even if it is about aggressive trading. I manage to get the profitability of trades above 80%. Moreover, the profit factor is more than 2.5. These are excellent results in real life, considering that there are no obstacles from the broker.

From my perspective, it's a proper broker. Yet, the execution of market orders was worse at a price than other brokers. I mean slippage. There is no difference regarding pending orders. It's more challenging to manipulate the price there. As far as I'm concerned, there are many accounts and a large selection of ways to deposit and withdraw funds. Freedom of choice can't leave you lukewarm! Mobile trading is available for any client. The broker allows you to trade stably under splendid trading conditions without freezes and requotes, but sometimes it nullifies transactions due to allegedly non-market quotes. It was the same with other brokers, so I did not mind contacting the support team. But he challenged the incorrect processing of orders. They conducted an audit and reimbursed losses on some orders.

HotForex brings innovation and technological solutions to the table. By trading with this broker, you will be familiar with the main advanced technologies in Forex trading. For example, three different platforms and a dozen of their total variations will be a real catch. I have chosen the standard MetaTrader 4 and am not experimenting. The spread is not the lowest, usually from 1 pip (percentage in points), but it is stable. For the VIP account, they offer from 0.1. I don't know how much it is kept on average. From my standpoint, the broker is stable. Smooth execution and lightning-fast withdrawal won't leave you aloof.


HotForex has provided me with an unprecedented range of accounts to choose from, so I can trade in a way that suits my needs perfectly. In addition to excellent trading conditions and lightning-fast order execution, HotForex provides all the tools and services I need to fulfill my trading aspirations. I highly recommend this broker to everyone who is ready to earn money.

It's my all-time favorite broker. HotForex offers services similar to those of other brokers but still has its uniqueness, in my opinion. For example, low fees and fast transactions along with good support services. I tried other brokerage companies but eventually came back. I am currently trading on a standard account, having a good profit once a month, and hopefully, nothing will change. As for trading conditions, spreads, and terminal operation, I also did not see any differences. It seems to me that now all brokers work honestly, simply because it is more profitable for them.

My review will be positive rather than negative. I am delighted with the tools provided, support, and, in general, how the marketing department works in the company. It is one of the leading brokers in the Forex market, in my opinion. The money is withdrawn and quite quickly. But the web terminal sometimes slows down, bringing external problems with it. It is more convenient to watch how the price goes in the terminal and not on the platform. And so everything suits. Well done!

Unfortunately, I can't make money on binary options. Probably not enough experience yet. I started to study more, tried not to lose my cool, and trade with a small deposit. It did not work out. Probably not mine. Recently made money trading with HotForex. How happy I was. I couldn't believe it. Do I make money ?! And I am not doing anything. I still can't believe it. For myself, I found the golden version as I think. I advise you to do the same! Great service! Learn and earn! Good luck and good profits!

2 >

Expert Review of HotForex

The HotForex broker is controlled by several regulators and provides clients with a wide range of services. It has a high technical level and a huge selection of trading assets is not all that the company has to offer. The broker provides opportunities for passive investment, he also has affiliate programs. All this makes it an attractive option for most traders.

Almost every client can choose the type of account, the terms of which will match their budget and goals. In addition, the range of analytical tools is impressive, the use of which significantly improves the quality of trading. The broker also paid a lot of attention to educational materials for both novice and professional traders. The availability of generous bonuses and free VPS (Virtual Private Server) for smooth and efficient trading regardless of the quality of the internet connection will be a pleasant addition to the attractive trading conditions. The company also provides a variety of trading terminals, including their mobile versions.

The HotForex website is very informative and easy to navigate. Even if the user visits the resource for the first time, he will be able to find all the necessary information quickly and easily. Moreover, the support team is ready to help you 24/5. The broker has been a partner of the Traders Union for many years, therefore every active trader of HotForex has the opportunity to use the service of partial compensation in the form of a rebate based on the spread.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of the Forex Broker

6.55

Overall rating

6.34

/10

Execution of orders

6.76

/10

Investment instruments

6.4

/10

Withdrawal speed

6.7

/10

Customer Support work

6.18

/10

Variety of instruments

6.92

/10

Trading platform

Dynamics of the Popularity of HotForex
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets and Products of the Broker

The HotForex broker offers its clients options in investment trading to make trades on their own. Traders can earn decent additional income by copying trades. It is also possible to invest in PAMM accounts.

Option for auto-copying deals

The service of automatic copying of trade operations allows providers of trading strategies to invite other traders to copy their trade strategies so they can earn money. 

  • The minimum deposit is $500 for a strategy provider and $100 for a subscriber.

  • Among the available trading assets under this scheme are Forex currency, bitcoin, and gold.

  • The maximum leverage is 1:400, and the minimum trading volume is 0.01 lot.

  • The number of traders from whom a subscriber can copy trades is unlimited. This provides an opportunity to form your own portfolio and diversify your risks.

  • Copying speed takes a few milliseconds, which is beneficial for efficiency and reduces risks and errors.

All of this provides traders — both suppliers and subscribers — the opportunity to make money using their preferred trading strategy.

Using PAMM as an investment program

Investing in a PAMM account allows you to make money on the foreign exchange market without making transactions yourself. Furthermore, the program opens up opportunities for additional earnings for professional traders who can try their hand at becoming managers.

Features of the PAMM system on HotForex:

  • The minimum deposit is $250. This is a relatively small amount for PAMM accounts, which allows everyone to try this investment option;

  • The maximum leverage is 1:300 and the spread starts from 0.3 pips;

  • A wide range of trading instruments is available such as Forex, metals, oil, indices;

  • Investors can invest in several PAMM accounts at once, which allows them to diversify risks;

  • Traders who act as fund managers can manage multiple accounts at the same time. It convenient for all participants.

For the investor to be able to choose the optimal manager, the Trader Union website provides a rating of traders.

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at [email protected] by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

HotForex affiliate program

  • Affiliate Partners and Introducing Brokers (IB) program. The program is available to organizations and individuals around the world. It provides for making a profit in the form of a reward for attracting new customers to the broker. Under the terms of cooperation, the company provides support by assigning a manager to each introduced broker. Also, the broker can assist in performing calculations, provide the necessary software and guarantee a high level of service.

  • Regional representatives are an option for pros who can help promote the company at the regional level and take on the responsibilities of managing an office in the region, providing brokerage services on behalf of HotForex.

  • White Label is a program that will be especially interesting for financial institutions and consulting firms. It makes it possible to provide services under its own brand and get individual partnership conditions.

Rebate and Discount Programs of the Traders Union for HotForex

Each client of the Traders Union has the opportunity to reduce trading costs significantly by using the rebate service. You just need to go through a free registration on the Traders Union website (15 minutes or less, including verification), open an account with HotForex by going to the site using a referral link. After that, when trading, you will receive compensation for the spread to the balance of your personal account in the Traders Union.

Try it!  You’ll like this!

Trading Conditions for HotForex Users

HotForex trading conditions can be attributed to a high level of competitiveness. A low minimum deposit and a leverage of up to 1:500 open up opportunities for clients to use several highly profitable strategic models and test the functionality of the account and terminal. The spread floats according to the trading conditions and the minimum spread is equal to 1 pip, but for a Zero account, its minimum value is zero.

$5

Minimum
deposit

1:1000

Leverage

24/7

Support

MT4 MT5
HotForex FIX/API
Trading platform: MT4, MT5 HotForex FIX/API
Accounts: Demo, Micro, Premium, Zero Spread, Auto, PAMM (Premium), HFcopy, Islamic account
Account currency: USD, EUR
Replenishment / Withdrawal: Skrill, Neteller, Perfect Money, WebMoney
Minimum deposit: USD 5
Leverage: Up to 1:1000
PAMM-accounts: Yes
Min Order: 0.01
Spread: from 0 pip
Instruments: Currencies, CFD, commodities, indices
Margin call/Stop Out: 50%/20%
Liquidity provider: No data
Mobile trading: Yes
Affiliate program: Yes
Orders execution: Market Execution, Instant Execution
Trading features: Hedging is allowed, there is an account for scalping and trading on the news
Contests and bonuses: Yes

Comparison of HotForex with other Brokers

HotForex FxPro XM Group Admiral Markets UK AvaTrade
Trading
platform
MT4, MobileTrading, MultiTerminal MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option
Min deposit $50 $100 $5 $200 $100
Leverage From 1:400
to 1:1000
From 1:1
to 1:500
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
Trust management No No No No No
Accrual of % on the balance No No No No No
Spread From 0 points From 1 point From 1 point From 0 points From 0 points
Level of margin call
/ stop out
40%  /  10% 25%  /  20% 100%  /  50% 100%  /  30% 25%  /  10%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution
No deposit bonus No $100 $30 No No
Cent accounts No No Yes No Yes

Broker comparison table of trading instruments

HotForex FxPro XM Group Admiral Markets UK AvaTrade
Forex Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes
Crypto No No No Yes Yes
CFD Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes
Stock Yes No Yes Yes Yes
ETF No No No Yes No
Options No No No No No

HotForex Commissions & Fees

Information

The Traders Union experts have analyzed HotForex trading conditions for trading and non-trading commissions. The company's spread was considered as a trading commission, and withdrawal fees were considered as a non-trading commission. The company is characterized by medium spreads. There are no hidden fees.

Account type Spread (minimum value) Withdrawal commission
Zero spread From $1 No
Micro From $1 No
Premium From $10 No

A comparative analysis of competitors' commissions was also carried out which resulted in the below table which is organized using a low-to-high ranking system.

Broker Average commission Level
HotForex $4 Low
Admiral Markets UK $5 High
HotForex
$4
Admiral Markets UK
$5
Conclusion

The HotForex broker offers better spreads in comparison with its competitors. The average value of the spread corresponds to low indicators, however, in this case, the percentage of costs may be lower due to the rebate from the Traders Union.

Detailed review of HotForex

HotForex was registered in Saint Vincent and the Grenadines in 2009 and belongs to the HF Markets Group. Registration number - 22747 IBC 2015. The license issued to the company covers a wide range of services, which includes any commercial, financial, and trading activities. The license also covers activities in the field of lending, borrowing and customer service, participation in other enterprises, and the provision of brokerage services. Additionally, the broker is authorized to provide educational and account management services using currencies, commodities, indices, CFDs, and financial instruments. The company's activities are controlled by several regulators: FCA (UK Financial Conduct Authority), DFSA (Danish Financial Supervisory Authority), FSCA (South African Financial Services Authority), and FSA (Seychelles Financial Services Authority).

A few figures about HotForex that may be of interest to traders:

over 2,000,000 active real accounts;

  • more than 10 years in the market;

  • over 200 employees worldwide;

  • 35 awards;

  • supported for more than 27 languages;

  • 6 types of accounts plus a demo and Islamic account.

HotForex is a broker for professional trading in the exchange and off-the-counter markets

HotForex is a broker providing competitive trading conditions with tight spreads. There is a Zero Spread account, where the spread size starts from 0 pips. But it should be borne in mind that the spread is floating on 6 types of accounts, so its actual value may be higher. A variety of trading assets, among which, in addition to currency pairs, there are CFDs, indices, and commodities. The combination of these assets offers clients the broadest trading opportunities.

 As for terminals, MT4 and MetaTrader 5 are available to clients in various versions, including mobile applications for devices running iOS and Android. A proprietary terminal is also available - HotForex FIX / API. It is a platform that provides clients with advanced order types and routing management systems as well as PBX.

Also, Hot FX has many useful tools in its arsenal, including:

Autochartist is a customizable market scanner that is an effective analytical tool;

  • Premium Trader Tools package - the set is suitable for MT4/5 terminals and opens up new trading opportunities, regardless of the trading strategies used by the client;

  • Advanced Insights is another effective analytical tool that is used when processing large amounts of information to assess volatility;

  • clients can also receive trading signals in the form of SMS messages.

Advantages:

1

stable operation of terminals and services;

2

wide functionality of trading platforms;

3

low spreads;

4

reliability;

5

algorithmic trading and scalping are allowed.

The broker does not provide for restrictions on strategies: locking and hedging are allowed, there are no time limits.

How to Start Making Profits — Guide for Traders

HotForex offers 6 types of live accounts, apart from the swap-free Islamic account and demo account. The minimum initial deposit is only USD 5. A PAMM account is also provided for investors. Also, the list includes HFcopy - for those who wish to focus on social (mirror) trading.

Account types:

Account Type
Description
Micro
The minimum deposit is only $5. The maximum leverage is 1:1000. The maximum number of simultaneously open orders is 150;
Premium
the minimum deposit is $100. The maximum leverage is 1:500. Limit of open orders - 300;
Zero Spread
the minimum deposit is  USD 200. Leverage - 1:500. Limit of simultaneously open positions - 500;
Auto
deposit from $200. The leverage is a maximum of 1:500. Limit of simultaneously opened deals - 300;
PAMM (Premium)
deposit from $250. Leverage - up to 1:300. Limit of simultaneously open positions - 500;
HFcopy
for suppliers the minimum deposit amount is $500, and for copy traders (subscribers) - from USD 100. Leverage up to 1:400 is provided. The limit for the simultaneous opening of positions is 300.

Regardless of the selected account type, a floating spread is provided, the size of which starts from 1 point. An exception is the Zero Spread account, in which the starting spread value is equal to zero.

Before opening a real trading account, you can learn the features of trading on a free demo account.

Bonuses paid by the broker

Super Charged

onus.Daily discounts of USD 2 per lot for deposits from USD 250. The maximum payout is $8,000. The calculation is made automatically, after which the funds can be withdrawn by the client or used for trading on the market.

HotForex review- Super Charged Bonus
HotForex review- Super Charged Bonus

Credit bonus

Provides an increase in leverage for a certain trading volume.

Bonus from Traders Union

To receive a rebate, you just need to register on the Traders Union website (up to 15 minutes, including verification). Then you need to open an account with the broker you are interested in by going to its official page using the referral link posted on the Traders Union website. This will allow you to save on sales costs. If a trader already cooperates with HotForex, then here is where he will find detailed instructions on linking his current account to an account at the Traders Union.

HotForex review - Credit Bonus
HotForex review - Credit Bonus

Investment Education Online

Information

The HotForex broker provides a lot of really useful educational information. What’s more, for quick answers to the most popular questions there is a FAQs section. Its quality shows that the company's level of customer care is high.

Information available in the Education section
Information not available at HotForex site
Forex trading webinars
Glossary of terms
Forex training videos and video tutorials
 
Informational thematic videos and training
 
Daily fundamental and technical analysis
 
Electronic Forex courses
 
Economic calendar
 
Exclusive analysis from Hot FX
 

All these tools can be used to build a trading system.

Security (Protection for Investors)

Information

HotForex is owned by the HF Markets Group and is controlled by several regulators. The company has the appropriate licenses for all services provided. The broker has been in the market for over 10 years, which generates customer confidence.

👍 Advantages

  • Availability of segregated accounts based on regulatory requirements
  • Civil liability insurance program for up to 5 million euros
  • Multiple regulator licenses.

👎 Disadvantages

  • It is unlikely that licenses from other jurisdictions will somehow be useful to traders in the event of a conflict of interest

Withdrawal options and fees

  • Withdrawals are available using electronic payment systems such as Skrill, Neteller, Perfect Money, and WebMoney.

  • The minimum withdrawal amount for all EPS, except Perfect Money, is $5. In the case of Perfect Money, the minimum withdrawal transaction amount is $10.

  • The speed of crediting money is instant.

  • Withdrawal and deposit currencies - USD.

  • There is no deposit fee.

Customer Support Service

Information

The broker's support service is ready to assist clients around the clock on weekdays.

👍 Advantages

  • 24\5 support 
  • Quickly answers any questions
  • Multiple languages

👎 Disadvantages

  • Does not work on weekends

There are several ways to contact support:

  • by the phone number indicated on the website;

  • by email;

  • in online chat.

Support is available from the company's website and from the personal account.

Contacts

Registration address Spyrou Kyprianou 50, Irida 3 Tower 10th Floor, Larnaca 6057, Cyprus.
Official site
Contacts

Review of the personal cabinet of HotForex

To make it easier for you to open a Personal Account on the brokerage company's website, we have prepared the following instructions: 

1

On the main page of the HotForex website, in the upper panel of the website, click the "Open Real Account" button to open a real account or use the Demo button next to it to open a demo account.

HotForex review - Official Site
HotForex review - Official Site
HotForex review - Official Site
2

To register, you must fill in all the fields in the questionnaire with the requested information such as: type of client, name, surname and date of birth, country, email address, and phone number.

HotForex review - Opening an account
HotForex review - Opening an account
3

After filling in all the fields with the required information, you will need to confirm the registration by clicking the appropriate button.

4

The following functions are available in the HotForex personal account:

1. Account management, including replenishment and withdrawal of funds.
2. Account settings: choosing a trading platform and financial instrument.
1. Account management, including replenishment and withdrawal of funds.
2. Account settings: choosing a trading platform and financial instrument.

There are also many other useful functions and features here, such as:

  • analytical tools;

  • transaction history;

  • educational information.

Tags:

hotforex hot forex hot-forex HotFX хот forex hotforex.com

The Oldest Reviews of the HotForex

The reviews by customers of the HotForex indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of HotForex published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Based on my judgment, everything is quite transparent and honest. During my work with this company, I have never noticed a negative or any tricks. Everything is quite informative and understandable. And the introduction of new opportunities suggests that the company is not going to stop there.

The most successful and profitable broker in my career as a trader is HotForex, which I cannot blame for anything today. The bottom line is that I tediously searched for a suitable broker for a long time where I could make money based on its fair and transparent conditions, and at the same time withdraw money painlessly. As it turned out, HotForex was the only platform on which I managed to prove myself as a trader, and most importantly, no problems with withdrawing funds. One of the best companies today! Excellent execution of orders, technical support is excellent and they quickly resolve all issues. Money is withdrawn without delay, and there were no problems.

For me, HotForex is both a teacher and a mentor and the only means of earning money. I was broke and rushed to look for affordable means of earning money. Having stumbled upon this broker, I was fortunate in my life.

Howdy. I would like to recommend the best broker, HotForex. This broker does not suffer from delays or slippage, withdrawal of funds within one working day, technical support is generally superb, instantly help and solve any problem. In general, I have a very positive opinion of HotForex. I started trading in 2010. During this time, I have tried many brokerages both on Demo accounts and on real ones. As a result, I have now settled on HotForex. By all criteria, in my opinion, this is the best broker out of all I've tested. All conditions have been created here for both beginners and experienced traders such as lots of bonuses, help with market analysis, and high-quality service. These create a good atmosphere for work. I recommend to everyone who has not yet decided which broker to work with or those who want to try their hand at this business. You will not regret it.

I started working with HotForex from time immemorial. And the first thing that I liked was the design and information content of the personal account sections! The site, in general, also inspires confidence.
As for the direct trade, it suits me. At least I did not observe a spread of 200 points when trading! I trade in the company mainly for a short-term period. I am focused only on self-trading in the company.
They have decent service, accurate triggering of orders, quick crediting of funds under bonus programs. Placed orders are always triggered. And when the market volatility goes off the scale, and you frantically press all the buttons, then the broker is not to blame. I have traded with different brokers, and I can confidently say that HotForex is one of the best.

Good day, dear traders. I have been working with HotForex for over two years. At the moment, I am satisfied with all the trading conditions.

I want to note the platform's clarity and timeliness, which every day makes me a happy camper. The biggest advantage of the well-coordinated work of MT4, I think, is the exact closing of the deal at the take-profit level, which makes up the lion's share of my profit.
The site shows that the company is serious: everything is clear, and the registration is simple! I started working with HotForex because they have binary options trading. I am interested in this now, I opened a real account, and I am already making the first successful trading transactions! You can also try a demo account (binary). I liked these conditions, so I work with this company! Make the right choice!

I have been trading at HotForex for a while, but I have already managed to make sure of its decency. I was registered in March, and since then, I have endlessly seen constant promotions from this company. The spread is good only on major currencies, and on others, it is the same as for everyone. Well, maybe where there is less, where more, but EUR/USD, GBP/USD, EUR/GBP go from 1 point, which is very important for me. Everything else is probably like everyone else, and the quotes are the same, and the money is displayed as quick as a flash. We are glad to have access to options through the MT4 platform, low deposit. When I have been working with this broker, new promotions and contests appear all the time. True, for some reason, entry through a Visa scheme took longer than usual, but I am ready to close my eyes to this. Fortunately, the other conditions are quite satisfying to me.

I have been trading for several years. I noticed that the company had grown noticeably. Lately, some new services are continually appearing. As for the money withdrawals, in all the time I have never had problems. All terms are spelled out in the regulations. That is, they directly state how long the withdrawal will take when using a specific method. So in this regard, everything is transparent.

I have been choosing a broker for over a year, traded small amounts on four leading platforms. In principle, everything is the same for everyone, except that not all brokers withdraw money. I've chosen the HotForex. I trust this broker. HotForex withdraws money through this channel quickly and without problems. I trade binary options here on MT4 since it is safer and more reliable than the browser platform. No complaints. Sometimes there are slippages on the news: almost all brokers have this issue. But HotForex can boast with instant order execution. In general, I'm over the moon!

Author of this Review

HotForex broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the HotForex rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about HotForex you need to go to the broker's profile.

How to leave a review about HotForex on the Traders Union website?

To leave a review about HotForex, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about HotForex on a non-Traders Union client?

Anyone can leave feedback about HotForex on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with HotForex through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.