What is HotForex? Pros, Cons and Awards

What is HotForex? Pros, Cons and Awards

Point Summary

Headquarters Spirou Kyprianou 50 Irida 3 Tower 10th Floor Larnaca 6057 Cyprus
Regulation
CySEC, DFSA, FCA, FSCA, fsa-sc
Platforms MT4 and MT5
Instruments 17 trading tools and 150+ trading products with access to global markets, Indices, Metals, Energies, Shares, Commodities, Bonds and Cryptocurrencies
Costs Based on a variable spread with no commission
Demo Account Available
Minimum deposit 5$
Leverage 1:30 to 1:1000
Commission on Trades No
Fixed Spread No
Deposit, Withdrawal options Credit Card, Cryptocurrencies, FasaPay, iDeal, Maestro, etc
Education Professional Education
Customer Support 24/5


Introduction

What is HotForex? Pros, Cons and Awards

HotForex has been around since 2010 when it was started in Mauritius. They are a leader when it comes to providing forex services online, as well as being a worldwide CFD broker. They place an emphasis on their customer.

HotForex and HF Markets are unified brand names of the HF Markets Group. While the group holds licences for different entities from different regulators includingfrom the FCA UK, CySEC Europe, FSCA South Africa, DIFC Dubai, and the SFSA Seychelles, the broker also offers some users the ability to open trading accounts with HF Markets (SV), depending on their location, which is a registered International Business Company in St. Vincent and the Grenadines and as such is not regulated.

This Broker is a multi-asset broker that offers Forex and Commodities through CFDs trading services through the choice of 7 account types and trading platforms with tight spreads averaged EUR USD 0.1. The broker brings access to unrestricted liquidity allowing any size or profile trader to make a choice between various spreads and liquidity providers via automated trading platforms and performance of any strategy.
What is HotForex? Pros, Cons and Awards

Pros and Cons

Pros Cons
  • Founded in Cyprus known for its great technology
  • Regulated by the financial Investment Commission ASIC, CySEC, Financial Conduct Authority FCA
  • Commission-free trading accounts available.
  • Broker with some of the best range of Forex and Commodities markets
  • Competitive spreads from the live comparison table.
  • Lots of premium MetaTrader tools and indicators such as AutoChartist.
  • Only 56 shares are available.
  • St. Vincent and the Grenadines entity unregulated.

Awards

Besides its attractive trading proposal at the first look, there are some confirmations about its trustworthy business due to official figures and numbers, as well as numerous industry awards that HoForex holds and counting.

Until now, They have won numerous awards since they started their business operations, including being part of the Top 100 Companies list that was compiled by the World Finance Magazine in 2017, Best Clients Funds Security Global, Best Client Services - Global 2020, Best Client Funds Security Global, Best Forex Broker Asia 2019, Best Forex Mobile Application, ect

What is HotForex? Pros, Cons and Awards
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