Since 2010, HFM has enabled traders to explore opportunities in the financial markets. We have transformed into a one-stop hub for advanced technology, comprehensive education, and the finest trading conditions. Our mission is to offer superior customer service by fostering an exceptional client-centric culture.

Fast response

HFM provides excellent customer support, available 24/5 to assist traders with any issues or queries they may encounter. The support team is reachable through multiple channels, including live chat, email and phone. Response times are typically quick, with representatives providing helpful, professional guidance on account management, technical issues and trading-related questions. For clients in different regions, HFM offers multilingual support to ensure clear communication.

HFM pros & cons

Tight spreads, fair deposit limits, and low non-trading fees also make this broker highly accessible. We’d be happy to recommend this broker to traders of all levels, yet we found that intermediate and experienced traders will find it particularly appealing. Sign up with HotForex today to benefit from a trusted broker that offers many advantages over its competitors. HotForex offers a generous selection of 1,000+ trading products from various asset classes, including forex, stocks, indices, commodities, bonds and ETFs. HotForex enables you to trade online via the popular MetaTrader platforms from MetaQuotes. You can get access to the markets and trade on your web, desktop and mobile devices.

In addition to trading signals, you can find new trading ideas by looking at the HotForex Traders’ Board. This is a sentiment tool, that shows you what other traders are doing. It includes currency mover charts, live charts for currency pairs, and forecasts.

Non-Trading Fees

The renowned broker operates under the regulatory purview of respected watchdogs such as the FCA in the UK, the DFSA in Dubai, CySEC in the EU and the FSCA in South Africa. Additional licences have been granted by the CMA in Kenya and the FSA in Seychelles. The broker provides market-leading insurance cover of up to €5 million and works with major banks to provide deep liquidity to its customers. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

In addition, HotForex’s pricing policy displays clear prices at one of the industry’s lowest rates. While there are some limitations, such as capped cryptocurrency leverage and third-party withdrawal fees, the overall package remains highly appealing. For those looking for an established, reliable broker with global reach, HFM presents an excellent option.

Commission and Spread Fees

FOREX.com is authorised and regulated by the Monetary Authority of Singapore (MAS), ensuring compliance with Singapore’s financial standards. HF Markets Ltd. is regulated by market watchdogs like Financial Conduct Authority in the UK, Cysec and South Africa FSCA. HF Markets broker is a trusted brand with an outstanding reputation. All our business orders for testing purposes were fulfilled on time. When I opened the contract, I placed the LIMIT (Take Profit) as well as STOP-LOSS. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

This insurance is restricted to 5 million dollars and protects against risks that might result in financial loss, such as mistakes, negligence, omissions, fraud, and so on. Client monies are held in separate accounts with major worldwide banks by HF Markets EU and cannot be used for any other purpose. There is negative balance protection, which implies that the client is not liable for a negative balance scenario in volatile market conditions. In reviewing HotForex, our experts found that a well-regulated broker suitable for those who want to trade via the MetaTrader platforms.

Based on these reviews

To make a deposit you just need to choose your selected payment provider preference, and the one that’s accessible in your region and proceed with the payment. Your deposit will be processed and available within 24 hours during the working week. For education, the broker puts a focus on the African and Asian regions, allowing traders to improve their forex experience, and their results. HotForex fees are transparent with the only charge being a variable spread. You won’t get charged any additional fees or commission, making it quite seamless to calculate your position.

• The broker provides negative balance protection to its European clients and keeps its clients’ funds in segregated accounts in top European banks.
• One of the biggest advantages of trading with HotForex is that there are no fees from the broker on deposits or withdrawals, no matter which payment method you use.
• All Islamic accounts at HotForex come without swap fees, making them Sharia-compliant.
• Traders can also use MT4 MultiTerminal which gives access to several accounts simultaneously.

A huge advantage of the broker is the customer support service in 27+ languages. They also try to solve the problem quickly and respond to every user feedback left on Google Play or App Store. Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers. A VPS is a remote service that operates independently, much like a real computer, but with aspects tailored to the individual needs of the users. A virtual private server (VPS) runs its own copy of an operating system as well as allotted server resources on a larger server. You can get access to VPS hosting via HF Markets and some other CFD brokers including FXTRADING.com.

HotForex offers extensive analysis created by a team of four experts. This includes both technical and fundamental analysis of forex, cryptocurrencies, commodities, indices, and shares. You’ll also benefit from the insights of HotForex’s head market analyst Stuart Cowell. At HotForex, you can trade commodities as both spot and futures contracts. This includes energy derivatives such as Brent and Crude oil, as well as natural gas, which has low spreads and no commissions. There are also agricultural commodities to choose from, including coffee, copper, and sugar.

• For those looking for an established, reliable broker with global reach, HFM presents an excellent option.
• He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages.
• The broker does not currently support crypto funding, but FXChoice do if that is something you are looking for in a broker.
• Access your account and manage trades on the go with the HFM Trading App, available for iOS and Android.
• All our business orders for testing purposes were fulfilled on time.

In this review of HotForex, we explore a broker that has been operating since 2010, spans 180+ countries, and offers both STP and ECN trading platforms. As a hybrid broker, HotForex can offer full transparency and lower spreads. Paired with licenses from trusted institutions, this gives you a safe and stable trading experience. At HotForex, you’ll also find a wide range of tradable assets making them a great option if you’re looking to diversify or safeguard your portfolio. HotForex has several assets, with different options for account types and trading platforms, which allows choosing trading services that are more important for a trader. During our HotForex Forex broker review, we explored 7 different live account types.

How we reviewed HFM

It combines the familiarity and strength of MT4 with additional capability. It allows for an infinite number of trading accounts to be updated in real-time. You may see account history, monitor current price feeds, and execute numerous order types. This can be a great solution for money managers who need to take control of all investor accounts via a single intuitive interface. Crafted to cater to the requirements of traders at every level, from novices to experts, these trading accounts stand out as the finest in the industry. Traders of any size or profile can happily access unrestricted liquidity and choose between numerous spreads and liquidity providers.

With educational tools, low deposits, and demo accounts, HFM is beginner-friendly. Access your account and manage trades on the go with the HFM Trading App, available for iOS and Android. The app is optimized for fast order execution, real-time price alerts, one-click trading, and integrated news. Whether you’re a beginner looking for a user-friendly interface or an advanced trader needing deep liquidity and institutional-grade tools, HFM has the right solution for your trading needs. HotForex provides its commitment to serving a diverse client base by offering support in multiple languages and providing various channels for customers to reach out for assistance.

HotForex is headquartered in Cyprus, but the company has a global presence and is regulated in multiple jurisdictions, including the UK. The broker operates in over 180 countries and has offices in Europe, Asia, Africa, and the Middle East. Meet Thadeus, a trading guru, brilliant writer, and financial fanatic with years of expertise in the industry.

These account packages are filled with impressive and convenient trading conditions. Some grant access to a high-tier ECN trading platform, while hotforex broker others making sure that beginners are met with affordable requirements. HotForex also provides you with demo accounts to practice, and they offer Sharia-compliant Islamic accounts too.

Here are the criteria we used to review and pick the forex brokers on this list out of the hundreds of forex brokers out there. The broker offers only a small range of markets in comparison to other leading multi-asset brokers. In general, the minimum deposit to open a HotForex account is just $5, though this will be based on your chosen method of payment. The web trading MT4 and MT4 platforms can be used in various versions to suit your individual trading needs and to make your trading more efficient through WebTerminal, the desktop platform. Traders can also use MT4 MultiTerminal which gives access to several accounts simultaneously. Mainly, it has created opportunities for investors to regain income lost through layoffs or forced lockdowns.