Information about HotForex Broker
The HotForex broker is registered in St. Vincent and the Grenadines. The parent company of this project is called HF Markets (SV) Ltd, registered under number 22747 IBC 2015. The main page of the official website in Russian looks like this.
Trading Conditions and Opportunities with HotForex
As its main advantages, the broker mentions providing 18 trading instruments and over 1000 trading products. Thus, you can work with currency pairs, metals, energy carriers, indices, cryptocurrencies, stocks, commodities, and bonds. Recently, Stocks DMA and ETF products have been added. According to HotForex, all of this provides all the opportunities for diversification.
This broker has a lot of contact information. There are phone numbers for different countries, the physical office registration address, email for various inquiries, and much more.
As the administration claims, customer support is available 24/5. In addition to all the contact methods shown in the screenshot, there is also a feedback form on the website.
The HotForex license is issued by regulators FCA (UK), DFSA (UAE), FSCA (South Africa), FSA (Seychelles). You can view the license numbers in the “About the Company” section, subsection “Regulation and License.”
Accounts and Trading Platforms
- leverage up to 1:1000,
- six types of accounts,
- spreads from 0.0 p.,
- zero deposit fees,
- 100% bonus offers.
Regarding the six types of accounts, they are named Micro, Premium, Zero Spread, Auto, Pamm (Premium), and HFCopy. The minimum deposit for HotForex is 5, 100, 200, 200, 250, and 500 dollars respectively. The broker offers to familiarize yourself with the features of each account in the “Accounts” section, subsection “Account Comparison.”
You are offered to work with the MetaTrader 4 and MetaTrader 5 trading terminals. In both cases, the trading platforms are available for both computer and mobile devices running on iOS and Android. There is also a web trader for MetaTrader 4 and MetaTrader 5.
However, there is also a proprietary trading platform at HotForex. It is called HotForexRapidTraderAPI and is positioned as the best terminal for professional traders. According to the broker, this software is used by:
- corporations, brokers, hedge funds,
- companies where forex trading is integrated into the capital system,
- individual traders with sufficient capital, knowledge, and experience.
The HotForex administration warns about the minimum deposit for FIX/API – 200,000 dollars.
Deposit and Withdrawal from HotForex
HotForex has compiled a convenient comparative table listing all the account funding options (a total of 12, including bank transfers, EPS, cryptocurrencies, and bank cards), as well as the minimum deposit amount, funds crediting period, and commission. Similarly, for money withdrawal, but here are only 6 methods.
Information on depositing and withdrawing funds is openly available on the broker’s website.
Conclusion
The HotForex broker, despite its offshore origin, makes a favorable impression. At least, if you believe the information provided on the website. However, there is no need to rush to open an account here without studying the user agreement and, of course, reviews about HotForex.