hotforex Guide – Read our In-Depth hotforex Review
hotforex Rating: 6.45 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This hotforex review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this hotforex review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the realm of trading and brokerage, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You will acquire proficient at all of the concepts of brokerage as you continue trading. For starters, you need to select the ideal broker who'll be clear with you constantly.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program will create hefty returns. hotforex is just one such platform that will take you along with your investment to great heights. It's crucial that you understand all about hotforex until you trust them with your money.
hotforex Guide – Brief Overview
|hotforex Telephone Number:|
|hotforex Email Address:|
|Regulated By:||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255|
|Number Of Clients:||30,000+ hotforex users and traders|
|hotforex Facebook Likes:||0|
|hotforex Twitter Followers:||0|
|hotforex Instagram Followers:||0|
Your capital is at risk
Our entire hotforex Review covers all you will need to learn about trading using hotforex. A good agent can multiply your initial investments and provide you favorable profits. If you would like to earn profits, you should trade with a broker service that contrasts with your investing objectives.
There's absolutely no sure-fire way to guarantee profits; thus, you should carefully analyze your broker before you select them. It is a frequent misconception that all brokers are the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.
hotforex is a broker which has found its way successfully into the broker world. In this review, we have tried to collate a number of the vital aspects of hotforex. This review can help you to know whether hotforex is a fantastic match for your own investments or not. We've tried to breakdown all of the features and charges for your convenience.
hotforex Review, Table Of Contents
- Who are hotforex?
- Benefits Of Trading With hotforex
- Everything you should know about trading with hotforex
- Is hotforex Safe To Trade With?
- Pro's & Con's Of Trading With hotforex?
- Compare Brokers Similar To hotforex
- Regulation And Licencing In More Detail
- hotforex Awards
- Minimum Deposit Required For A Live Account With hotforex
- hotforex Commission And Fees Explained
- Compare broker fees against hotforex
- hotforex Withdrawal Fees Explained
- hotforex Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With hotforex?
- Alternatives To hotforex
- Frequently Asked Questions About hotforex
Who are hotforex?
hotforex is a foreign exchange broker headquartered in United States and provides a variety of instruments for online trading. Since its inception in 2012, hotforex has emerged as a top-tier player in the field of online broker. hotforex includes a highly competitive and full-featured trading website that is focused on currency, indices, metals, shares, commodities.
Over the past 9 years, hotforex has grown into one of the leading online brokers.
After establishing in 2012, their client base has become as large as 30,000+ clients.
hotforex is the favorite of many dealers because of its negative balance protection. Our hotforex review found that they're an superb choice for automated trading solutions. It's best suited for investors that are searching for a variety of assets. Social and automated trading options are the core at hotforex.
Technology plays a substantial role at hotforex. hotforex features trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps. hotforex is honest, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255. Their outstanding variety of tools will be beneficial for most traders. Third-party partnerships also provide in-house analysis.
The trader resource department at hotforex is quite insightful for new traders as it allows them to have a closer look in the financial markets. hotforex caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.
If you feel that hotforex is not right for you then at the bottom of this hotforex review you wil find a lot of alternatives to hotforex.
Everything you should know about trading using hotforex
hotforex is a dynamic platform that provides various techniques of online trading. These instruments cover the financial markets considerably. Most of the brokerage platforms offer fewer procedures than hotforex
If you want to exchange with hotforex, you'll need a minimum deposit of $250. This deposit is required if you want to start trading using hotforex. This 2021 hotforex review will direct you clearly about trading with them.
hotforex is as versatile as another broker platform. hotforex is ideal for traders who want a manageable selection of cheap services. The platforms offered by hotforex are third-party, white-label offerings. All traders may pick from MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps.
Together with everything, hotforex has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction has to be kept available. The agents offer premium customer service that rewards customers with benefits.
Many less reputable brokers try to pressurise users into larger financing for premium services. hotforex, on the other hand, is more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the further benefits will come along.
hotforex accounts are available globally and provides excellent service wherever they have customers. There are a few countries where hotforex accounts are not available. Traders in the following countries cannot open or use a hotforex account:
BR, KR, IR, IQ, SY, JP, US
Is hotforex Safe To Trade With?
Established in 2012, hotforex has been operating for 9 years, they are headquarted in United States.
hotforex is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255. These figures have rules that mandate that trading platforms have ploicies in place to maintain investor's resources secured. This usually means that hotforex users don't need to worry about their money since it's segregated and safely stored in established banks. SSL encryption simplifies each user's private information as well.
You can make use of a choice for 2 Factor Authentications (2FA) with hotforex for increased safety. An SMS with the verification code will be sent to your mobile phone. You will be required to input this code to log into your account.
Another concern with fiscal brokers with regards to safety might be manipulation of trading. This is highly disadvantageous to users on these platforms. Nonetheless, this is much more prevalent in the example of Market Maker agents who compete with users on the platform.
Pro's & Con's Of Trading With hotforex
Every online trading platform has some ups and downs, and no hotforex review would be complete without showing both sides. This hotforex review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- hotforex is trusted by 30,000+ clients
- hotforex offers Negative Balance Protection
- hotforex offers Guaranteed Stop Loss
- hotforex doesn't charge deposit fees
- hotforex doesn't charge CFD fees
- hotforex offer trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
- hotforex offer 138 trading instruments
- hotforex trades major forex pairs
- hotforex trades minor forex pairs
- hotforex trades exotic forex pairs
- hotforex offers trading on cryptocurrencies
- hotforex can communicate in English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
- hotforex charge withdrawal fees
- hotforex charge inactivity fees
hotforex Review - Compare Brokers Similar To hotforex
|Rating||6.45 / 10||5.95 / 10||4.56 / 10||5.89 / 10|
|Headquarters||United States||Lebanon||United States||Cyprus|
|Regulated By||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F268||Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)||Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.|
hotforex Review - Regulation And Licencing In More Detail
hotforex is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255.
hotforex, as a company, has a powerful collection of rules for ensuring fair trading onto its platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
hotforex Review - Awards
- At the time of writing this hotforex review, they had not received any awards.
hotforex Trading Platforms
hotforex are a trustworthy trading platform that has been open for over 9 years. They offer a wide range of options in their client accounts.
In the following table we take the main parts of any reputable online trading platform and compare hotforex with landfx, Etrade, and Markets.com
hotforex Review - Minimum Deposit Required
The minimum deposit that you need to begin on hotforex is $250. This is an adequate amount for people just starting out. You can create more advanced residue as you cooperate. However, make certain that you understand how to make the most of your money before investing in larger amounts.
hotforex Review - Commission And Fees Explained
hotforex is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled better. In other words, an online broker isn't necessarily influenced by the number of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are mainly 3 different types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In these cases, you're paying a spread, financing speed, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight prices are people that are charged when you hold a leveraged position for more than daily.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake in your account. They're charged for services like depositing money, not investing for long periods, or withdrawals.
Generally, hotforex doesn't charge high fees compared to other online agents. For operations other agents fee for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who often trade, such as weekly or daily trading.
However, non-trading fees billed by hotforex are relatively lower. As a result, you're charged more for non-trading activities on your trading account, such as deposits and withdrawal. These are not about the purchase and sale of resources.
This hotforex review breaks down every one of the relevant non-trading charges for you in detail.
Compare broker fees against hotforex
hotforex Review - Withdrawal Fees Explained
hotforex charges a withdrawal fee when you create a bank transfer. Every time you transfer money into your bank account, these withdrawal charges become applicable.
Withdrawal of cash is possible at any time from the hotforex account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the margin used. 1 thing to keep in mind is that you don't always have to have any cash in your accounts.
In addition, the withdrawn money will be transferred directly to the accounts you use to make deposits. Thus, if you used a credit card for deposits, the withdrawn money is going to be sent into the card. hotforex will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you are choosing to draw in.
hotforex Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions which run through your head when open an account with hotforex. An inactivity fee is an amount charged to registered dealers that haven't engaged in purchasing or selling for some time. The period regarded as inactive is determined by the agent.
The inactivity fee differs from one agent to another and is not standardized. If a dealers account does not have a purchasing or selling trade, it is maintained by the agent as an inactivity charge. The traders have to pay this commission under conditions and terms they had consented while registering.
hotforex charges an inactivity fee when you don't make any trades for a while.
Even if no charges are indicated by hotforex, it's best that you close the account if you are inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you have chosen. The inactivity fee is subjected to a lot of conditions and should be disclosed clearly by the broker beforehand.
hotforex Review - Deposit Fees Explained
When you move money into your trading account from your bank account, a deposit fee can be billed by the broker. Most brokers do not charge too much money for this particular operation.
hotforex doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the hotforex trading platform is easy. You simply have to finish a single-user profile survey to start depositing money into your trading account. You'll need to provide an identity evidence and proof of residency to deposit substantial amounts.
hotforex Review - Compare Broker Deposit Methods
What Can You Trade With hotforex?
Note: hotforex provides a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered will differ depending on the country of residence of the client.
hotforex has a wide variety of over 138 instruments available for you to trade with.
If trading currency pairs is of interest to you then hotforex offer over 108 forex pairs.
Compare hotforex, landfx, Etrade & Markets.com below.
Alternatives To hotforex
If, after studying this hotforex review, they do not quite fulfill your needs check out these hotforex alternatives.
We have scoured the web to find the best alternatives to hotforex. Click on the links below to find out more.
Frequently Asked Questions about hotforex
Can I try hotforex before I buy?
Yes, you can most certainly try hotforex before you buy. hotforex offers demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you sign up for a demo account on hotforex, you may set out with a decent amount of virtual money. It's to establish a feeling of safety and confidence in you until you choose to invest your own money.
With this digital hotforexdemo account, you are able to experiment in any way, to whatever period you wish. You might even open positions, examine different trading strategies, and much more.
hotforex specifies on its official website which you are able to exchange real time stocks with your demo account.
Is hotforex safe?
You can drop all your worries since we believe that hotforex is completely safe to use. It's in compliance with all the rules of Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255.
Luckily, hotforex does provide assured stop-loss protection.
Why does hotforex ask for my passport?
The reason that hotforex asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, hotforex has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, hotforex must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with hotforex?
The process to start trading withhotforex is perhaps simple enough to be a cakewalk. You need to begin by signing up on the hotforex website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with hotforex is $250. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with hotforex.
The best way to kickstart your trading career with hotforex is to open a demo account facility before risking any real money
What funding methods do hotforex accept?
There are multiple ways to fund your accounts with hotforex. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to keep in mind that PayPal is not available in all country. The currencies hotforex
Is my money safe with hotforex?
Yes, your cash is safe and protected with hotforex. As you know, hotforex operates with proper conformation to. It's established lots of measures to protect all its investors.
hotforex safeguards its clients' private and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you want to further safeguard your account, it is possible to enable Two-Step Verification also. It requires an SMS confirmation for you to access your account.
Is hotforex trading good?
Yes, trading via hotforex is a pleasant and decent experience indeed. It is a great and intuitive platform with helpful features for your simplicity. Moreover, you could also gain access to a huge collection of educational resources and assistive substance to kickstart your trading expertise.
If you are still skeptical, it is possible to start a eToro demo account and evaluate the credibility of the platform for yourself.
Which Countries does hotforex support?
hotforex operates across the world. However, due to regulations there are some countries that hotforex can't accept clients resident in BR, KR, IR, IQ, SY, JP, US
Is hotforex legit?
hotforex is a legit company headquarted in United States since 2012. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255. hotforex is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is hotforex a good broker?
hotforex is a great broker, and its users may vouch for this. The highlight of this platform is its quick order execution on transactions.
You'll discover the clean layout of this platform and the admirable features a pleasure to work with.
Is hotforex a trustworthy broker?
Yes, hotforex is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 30,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for hotforex?
The minimum deposit to open a live account with hotforex is $250
How long do hotforex withdrawals take?
Normally, withdrawal of money from hotforex is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from hotforex to show in your bank account.
Are hotforex regulated?
hotforex are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255
Is hotforex a market leading broker?
hotforex is indisputably one of the business leaders. It supports over 30,000+ registered users and over 9 years of experience on its record. They're among the world's leading trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and wide range of tools plus resources so you can invest in capital markets.
Is hotforex a con?
No, hotforex is not a con. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255 and must adhere to their rules. Thus, it is safe to say that hotforex is not a scam.
Can you make money with hotforex?
Using hotforex, many traders make a great deal of cash. However, typically, through continual trading, you also can create between 2% - 10% profit a month.
This can look like a little number, but within the entire year, this adds to a significant number of gains. While hotforex provide you all of the tools to earn money, they can't guarantee you will profit.
Does hotforex have fees?
Yes. To begin trading with hotforex, you have to deposit $250. Particular commissions while trading also applies. Any processing fees from your bank will need to be incurred by you.
When was hotforex founded?
hotforex was founded in 2012 in United States. hotforex is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255.
How many people use hotforex?
hotforex is a globally recognised broker with 30,000+ clients.
Where is the hotforex head office?
hotforex has its head office in United States
Does hotforex offer negative balance protection?
Yes, hotforex has Negative Balance Protection. It is specially offered while the industry volatility prevents customers from letting their accounts go in the red. In a situation like this, hotforex provides the ability to reset a clients account balance to zero.
You are able to go through the critical conditions on hotforex's site to comprehend their policies better.
Does hotforex offer guaranteed stop loss?
Yes, hotforex offer a guaranteed Stop Loss order.
If there's absolutely no free margin left together with the client, hotforex will cease your own positions. When the losses in the stopped out location exceeds your account balance, you may experience a negative account balance.
Does hotforex allow scalping?No, the terms and conditions of hotforex do not allow scalping. It's a trading technique that is not allowed on the broker's platform. You must consult with hotforex's terms and conditions to read more about its policies.
Does hotforex allow hedging?
Yes, hotforex does allow hedging.
Can you trade energies with hotforex?
Yes, you can trade energy stocks with hotforex
Can you trade agricultural shares with hotforex?
No, unfortunately you cannot trade agricultural stock with hotforex
Can you trade cryptocurrency with hotforex?
Yes, you can trade cryptocurrency with hotforex
Can you trade metals with hotforex?
Yes, you can trade metals with hotforex
Can you trade UK Shares with hotforex?
No, unfortunately you cannot trade UK shares with hotforex
Can you trade US Shares with hotforex?
No, unfortunately you cannot trade US shares with hotforex
Can you trade Japanese Shares with hotforex?
No, unfortunately you cannot trade Japanese shares with hotforex
Can you trade German Shares with hotforex?
No, unfortunately you cannot trade German shares with hotforex
Does hotforex accept bank transfers?
Yes, hotforex accepts bank transfers for depositing money.
Does hotforex accept credit cards?
Yes, hotforex accepts credit cards for depositing money.
Does hotforex accept PayPal?
Yes, hotforex accepts PayPal for depositing money.
Does hotforex accept Skrill?
Yes, hotforex accepts Skrill for depositing money.
Does hotforex accept Payoneer?
Yes, hotforex accepts Payoneer for depositing money.
Does hotforex accept Neteller?
Yes, hotforex accepts Neteller for depositing money.
Does hotforex offer Live Chat customer support?
No, hotforex does not offer customer support through live chat.
Does hotforex offer phone customer support?
No, hotforex does not offer customer support over the telephone.
Does hotforex offer email customer support?
No, hotforex does not offer customer support through email.
What languages can hotforex communicate in?
hotforex has the ability to communicate and support customers who speak: English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Does hotforex have a wikipedia page?
No, hotforex does not have an official wikipedia page.
Does hotforex offer demo accounts?
Yes, hotforex offers demo accounts so you can learn their systems before risking any real money.