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HotForex is one of the Best Forex Broker in the world. Trading isn’t about winning a jackpot but more about wealth creation.

You create wealth by spending your hard-earned money on assets with the hope that it’ll double your amount.

No wonder you can make a good income but only when you have tied up with a reliable broker. A trading platform or a broker can impact your trading journey to a great extent.

Thus, it’s worth reviewing your desired online broker before going ahead. This article will talk about HotForex, which has always been a premier choice among forex traders.

But is it worth it! Let’s find out in this HotForex review.

About HotForex & Accepted Countries

Founder / CEOGeorge Koumantaris
Established Year2010
Publicly TradedNo
Total Employees200+
RegulationsCySEC, DFSA, FCA, FSA(SC), FSCA

HotForex is the creation of George Koumantaris. The man gave the world such a fantastic trading solution in 2010 that went popular with time.

HotForex BrokerTraders from more than 180 countries have helped the broker achieve fame in such a short time.

No Wonder, with unbeatable services and a far-reaching network, HotForex deserves to make a top spot.

More than 200 employees – from day to night – are actively working for the company to ensure clients don’t face any issues but focus on trading at HotForex.

Currently, HotForex is headquartered in Mauritius.

The broker has a lot to share with you on its trading platform that’s worth discussing next in this HotForex review.

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    HotForex Trading Platforms

    Trading PlatformMT4, MT5
    Desktop Platform – WindowsYes
    Desktop Platform – MacYes
    Desktop Browser PlatformYes
    Mobile Site PlatformYes
    Android App PlatformYes
    iOS App PlatformYes
    Windows App PlatformNo
    Other Mobile OS PlatformNo
    Real-time UpdatesYes
    Portfolio DetailsYes
    Research ReportsYes
    Global IndicesYes
    Personalized AdvisoryYes
    Interactive ChartsYes
    Live MarketsYes
    Multi-Account ManagementYes
    Trading Platform Supported LanguagesArabic, Bengali, Chinese, English, Farsi, Filipino, french, german, Indonesian, Italian, Japanese, Korean, Malaysian, Portuguese, Russian, Spanish, Thai, Turkish, Vietnamese

    HotForex serves its clients on its well-built trading platform that provides you access to almost every vital feature on the go.

    From indicators, charts to risk management tools, you get almost every trading weapon inside.

    HotForex users can select between MT4 and MT5 trading platforms as per their liking.

    Whether you are on a Windows or Mac device, trading terminals can be accessed on both platforms.

    Since it is a web-based trading platform, you can access the same on mobile devices through the web browser.

    But it’s worth working on PC rather than mobile if you want to proceed with a web-based platform only.

    If you don’t have a PC, you can use the HotForex app, which we will discuss next in this article.

    HotForex Mobile App

    HotForex offers a well-built mobile app that you can install from the play store and apple app store. The app is free to install, which is a relieving point.

    You can go to your respective app store, search for the app, install and launch simultaneously on your smartphone. In contrast to the web-based trading platform, the HotForex app is easy to use.

    But if you are an intraday or swing trader, conducting a technical analysis becomes genuinely challenging. Still, you can use a mobile app for reviewing the market, prices, and so on.

    On the flip side, if you are a long-term trader, the HotForex app adds flexibility to your trading journey.

    Check out Mobile Apps of more Forex Brokers

    HotForex Commission or Brokerage or Fees

    Commission on tradesYes
    Fixed spreadsYes

    Your zest for knowing the HotForex commission and brokerage are usual. So, let’s unveil. You can create a trading account at HotForex for free.

    The broker doesn’t charge any commission or brokerage from starters.

    But, it’s worth pointing out that the broker does ask you to submit an initial deposit amount that goes from $5 to $500.

    No wonder the broker shows mercy on traders regarding the commission, but the initial deposit may sound a bit annoying.

    Nevertheless, the deposit amount for small-scale traders is kept at the lowest, making it a fair deal.

    HotForex Exposure or Leverage

    Maximum Leverage1;1000

    When you are at the HotForex trading platform, you are exposed to some great benefits, and leverage is one of them.

    The broker offers you leverage up to 1:1000 that supports your investment plan.

    If you want to capture a significant portion of assets at minimum investment, this attractive leverage amount will surely help you tout. At $1, you can trade assets worth $1000 in total.

    Try not to think about leverage if you are a newbie because the feature may sound attention-grabbing, but in reality, it spurs risk in your trading journey.

    Payment Methods provided by HotForex

    DepositCredit Card, Cryptocurrencies, FasaPay, iDeal, Maestro, Moneybookers, Neteller, Przelewy, QIWI, Skrill, Sofort, Union Pay, Webmoney, Western Union, Wire Transfer
    WithdrawCredit Card, Cryptocurrencies, FasaPay, iDeal, Maestro, Moneybookers, Neteller, Przelewy, QIWI, Skrill, Sofort, Union Pay, Webmoney, Western Union, Wire Transfer

    Whether it is about paying HotForex commission or submitting an initial deposit amount, the suitable payment model ensures a hassle-free transaction.

    Luckily, HotForex offers a wide range of payment modes: Credit Card, Crypto-currencies, Fasa Pay, iDeal, Maestro, Money bookers, Neteller, Przelewy QIWI, Skrill, Sofort, Union Pay, Web money, Western Union, Wire Transfer, etc.

    Select the best payment mode you trust and complete the checkout process in one go.

    Find out Payment Methods provided by other Forex Brokers

    Investment in Asset Classes or Markets by HotForex

    Currencies TradingYes
    Commodities TradingYes
    Indices TradingYes
    Stocks TradingYes
    Cryptocurrency TradingYes
    ETF’s TradingYes
    Bonds TradingYes
    FUTURES TradingYes
    OPTIONS TradingNo
    Supported Cryptocoinsbitcoin, ethereum, litecoin, ripple
    Total Tradable Assets200+
    Number Of Currency Pairs52
    Number Of Cryptocurrencies8
    Number Of Stocks56
    Number Of Indices11
    Number Of Commodities5
    Number Of FuturesN/A
    Number Of Options0
    Number Of Bonds3
    Number Of ETFs34

    In this HotForex review, the name alone gives an idea that the platform is designed for forex trading only. But in reality, you can use HotForex to trade stock, indices, commodities, and so on.

    You can even trade some of the best-performing crypto-currencies of this age at Hot Forex, namely – Bitcoin, Bitcoin-cash, Ethereum, Litecoin, and Ripple.

    In a nutshell, you can trade in other markets as well.

    This also makes it evident that your portfolio at HotForex will always be well-diversified.

    The broker offers you 200+ tradable assets on its trading platform.

    From mobile to web, traders can choose the most-desired asset to invest in and start trading.

    HotForex Virtual Trading or Demo Account

    Virtual MoneyUSD 5000

    It’s worth noticing the value you receive with a Virtual trading account or demo account by HotForex.

    Virtual currency inside the demo account ensures you learn and practice and capture more results.

    The demo account works as a perfect guide to every trader who wants to trade at HotForex.

    Whether you are a pro or just a newbie in the trading world, you can build robust know-how of trading at Hot Forex.

    You can access a demo account free of cost in which you receive $5000 virtual currency that heightens up your trading experience with Hot Forex.

    HotForex offers or Deals

    Free Learning CoursesYes
    Free Demo AccountYes
    Discount on BrokerageYes
    Flexible Brokerage PlansYes
    Referral OffersYes
    Forex Trading ContestNo
    Trading Bonuses & RewardsNo

    Like other online brokers, HotForex is also not far from giving its clients special services through deals and promotion.

    After all, this one of the highly-reputed brokers not just offers you standard trading features and demo accounts in its suite of services, but more than that.

    You can access free learning courses, discounts on brokerage, flexible brokerage plans, and most notably, referral programs.

    No wonder you make a wise choice by selecting HotForex to kick-start your trading journey.

    HotForex Regulation or Licensing

    RegulationsCySEC, DFSA, FCA, FSA(SC), FSCA

    The broker isn’t less than big players with far-fetched history in the market in terms of regulation and licensing.

    The broker works under CySEC, DFSA, FCA, FSA(SC), FSCA and complies with every rule that respects users’ rights.

    No wonder you can think about going ahead with your plan to start trading with HotForex.

    The broker is utterly reliable and assures users about their investment, personal data that are fully secured.

    Find out Regulations & Licensing of more Forex Brokers

    HotForex Features

    Educational ServicesYes
    Social Trading / Copy TradingYes
    Trading SignalsYes
    Email AlertsYes
    Guaranteed Stop LossYes
    Guaranteed Limit OrdersYes
    Guaranteed Fills / LiquidityYes
    OCO OrdersYes
    Trailing SP/TPYes
    Automated TradingYes
    API TradingYes
    VPS ServicesYes
    Trading From ChartYes
    Interest On MarginYes
    Offers HedgingYes
    Offers PromotionsYes
    One-Click TradingYes
    Expert AdvisorsYes
    Other Trading FeaturesNo

    Excellent Features you get inside builds a key reason behind the rising popularity of Hot Forex.

    From technical analysis to fundamental analysis, the trading platform gives you a comprehensive suite of features that makes your trading utterly gainful.

    In brief, you get educational services from the broker, including a copy trading feature that trains beginners.

    The broker daily shares email alerts with its users, covering numerous topics about the market.

    Apart from that, users even get access to risk-management tools that range from limit orders to guaranteed stop loss and take profits, and so on.

    The automated trading feature is also available on both the HotForex trading app and web-trading platform.

    The broker even offers you promotions and hedging features.

    Moreover, if you choose a premium account and spend a bit extra from your pocket, you get the advantage of expert advisors who guide you on varying trading modules.

    Similarly, there’s an extensive list of features that HotForex supports to nurture a fantastic user experience.

    HotForex Account Types

    Account TypeMicroPremiumZero SpreadAutoPMMHfcopy
    Initial Deposit$5$100$200$200$250$500
    SpreadFrom 1 pipsFrom 1 pipsits From 0 pipsFrom 1 pipsits From 1 pipsFrom 1 pips
    CommissionCommission-freeits Commission-freeCommission-freeCommission-freeYesYes
    Leverage1:10001:500its 1:5001:5001:3001:400

    In the mainstream, the broker offers you Mini Account, Premium Account, Islamic Account, Segregated Account, Managed Account, and Institutional Account. Users can choose their account type based on their trading requirements.

    For instance – if you are an intraday trader, swing trader, or long-term trader, you’ll choose the account based on your trading ability.

    Similarly, if you belong to an Islamic nation, an Islamic account is provided.

    If you are a professional trader who invests on a large scale, you choose your trading platform accordingly.

    HotForex Trading Account Features

    Check below all the trading account features under various account types:

    Trading Desk TypeDMA, ECN, STP
    Min Deposit$5
    Maximum Leverage1;1000
    Mini AccountYes
    Premium AccountYes
    Islamic AccountYes
    Segregated AccountYes
    Managed AccountYes
    Institutional AccountYes
    Suitable for beginnersYes
    Suitable for professionalsYes
    Suitable for scalpingYes
    Suitable for daily tradingYes
    Suitable for Weekly tradingYes
    Suitable for swing tradingYes

    HotForex – Research & Advisory

    Find below all the different reports and support provided by its Research & Advisory team:

    Fundamental ReportsYes
    Research ReportsYes
    Company ReportsYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    Delko’s ResearchNo
    Top PicksYes
    Acuity TradingNo
    Company Stock ReviewYes
    Free Stock TipsYes
    Video EducationYes
    Economic CalendarYes
    Offline AdvisoryYes
    Relationship ManagerYes

    HotForex Benefits

    After knowing so much about the HotForex trading platform, let’s wrap up some key benefits that a user receives on trading via Hot Forex. These benefits include-

    • Innumerable features
    • Access best-performing assets
    • Licensed by multiple regulators
    • Globally renowned broker
    • Brilliant customer support services
    • Multiple accounts for traders at varying level
    • Deals and promotions are offered
    • Packed with educational resources

    HotForex Cons or Drawbacks

    The significant drawbacks that keep HotForex from achieving the first spot are as follows-

    • The broker offers you limited tradable assets
    • So many account types confused buyers
    • Not beginner-friendly
    • Doesn’t provide bonus and rewards

    HotForex Trading Hours

    You can get the list of trading hours of the respective trading market from the official broker’s website.

    Since HotForex provides broker services in varying markets and assets, trading hours can vary.

    Thus, it’s always suggested to review the trading hours of the respective market where you are planning to trade.

    HotForex Customer Care or Contact Details

    Dedicated DealerYes
    Support During WeekendsNo
    Online TradingYes
    24*7 SupportYes
    Email SupportYes
    Live Chat SupportYes
    Customer Support LanguagesArabic, Bengali, Bulgarian, Chinese, Czech, English, Farsi, Filipino, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malaysian, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Thai, Turkish, Vietnamese

    Contact details can also vary based on your region and country.

    You can connect with the broker team via live chat support or email.

    You receive assistance in your regional language, which is brilliant, but it becomes a bit irritating on weekends because no customer support is provided.

    If you are trading on weekends, then do it at your own risk because the broker might assist you on Monday.

    HotForex Safety & Security

    HotForex trading platform is backed by some of the top-tier and globally reputed regulators CySEC, DFSA, FCA, FSA(SC), FSCA.

    Not only that, the broker serves clients on a global scale.

    From more than 180 countries, the broker receives requests for trading accounts. Since 2019 from its origin, the broker has earned so many rewards.

    This gives a clear indication that the broker is 100% safe to start trading with.

    HotForex Rating & Reviews

    Based on different users and their experiences below are the company rating and reviews:

    User Experience7.5 / 10
    Products & Services7.8 / 10
    Brokerage Charges & Fees8.1 / 10
    Research & Advisory8.2 / 10
    Trading Platforms8.1 / 10
    Overall Ratings8.0/ 10
    Star Ratings★★★★☆
    Total Client Reviews65

    HotForex Forex Trading – Conclusion or Verdict

    In this HotForex review, we covered every feature, benefit, and specialty that makes this fantastic trading platform best over others.

    From top to bottom, you can find HotForex, a great trading platform except for one thing.

    You get only 200 tradable assets which restrict users from investing in a broad market; apart from that, HotForex is genuinely insane.

    HotForex Review FAQs

    Here is a list of FAQs related to the HotForex trading review:

    Is HotForex Safe For Trading?

    Of course, HotForex is one of the safest trading platforms where you can trade almost any asset.

    In addition, the broker is licensed by top-tier regulators – CySEC, DFSA, FCA, FSA(SC), FSCA – which makes it a reliable choice.

    What Is The Commission For HotForex?

    Account opening is free of charge, but trading and related activities are subjected to charges that vary.

    To simply put, the asset your trade decides the commission for the broker.

    How To Open a Trading Account With HotForex?

    To open a trading account with HotForex, get your sign-up details >> create an account >> submit personal details>> wait for the verification and start trading.

    Can I Invest In Cryptocurrency With HotForex?

    Yes, traders can invest in crypto-currency via HotForex.

    In the list of crypto-currency, you get Bitcoin, Bitcoin-cash, Ethereum, Litecoin, and Ripple in the mainstream.

    What Leverage Does HotForex Provide?

    HotForex provides leverage up to 1:1000.

    Does HotForex have a Trading App?

    HotForex has a trading app that users can download from their app store right into their smartphone.

    How To Contact HotForex Customer Care?

    To contact HotForex Customer care, visit HotForex’s official website or app. Find the customer support option or take the help of live chat support.

    Is HotForex Regulated?

    Yes, the HotForex trading platform is regulated by CySEC, DFSA, FCA, FSA(SC), FSCA that are counted among the top-tier regulators.

    Is HotForex Good For Beginners?

    HotForex is undoubtedly a brilliant trading platform for beginners. But there is a flaw because options and account selection are a bit complex.

    Who Founded HotForex?

    George Koumantaris first founded HotForex in 2010, and since its inception, the trading platform is capturing immense fame for its genuinely excellent brokerage services.

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