HotForex Reviews

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Contributor, Benzinga
August 3, 2021
HotForex
Best For
  • Investing in CFDs
securely through HotForex's website
1 Minute Review

HotForex is a company with a headquarters in London that provides clients with unique investment opportunities through contracts for differences (CFDs) on forex, metals, energies, indices, shares, commodities, bonds and ETFs, etc.

Leave Your Own 1 Minute Review!
Best For
  • Investing in CFDs
  • Choosing from other investments
  • Customer service
  • Education
Pros
  • Easy navigation
  • Lots of trading platforms to choose from
  • Extra trading tools
Cons
  • Platform not available to U.S. and Canadian residents

HotForex Ratings at a Glance

Investment Options
Customer Service
Pricing
Mobile App
User Benefits
User Experience
Overall Rating

HotForex Investment Options

When you land at HotForex, you visit a multi-asset broker that allows you to complete standard trades, take long or short positions and/or buy into CFDs. While a CFD is a unique trading tool used by advanced investors, novice investors can use the basic tools at HotForex to make money without overcomplicating the process.

The primary advantage of HotForex is the variety you find when making investments. New traders might believe a site with a name like HotForex only offers forex trading. That could not be further from the case.

Investments you can make at HotForex include:

  • Forex
  • Commodities
  • Bonds
  • Shares
  • Indices
  • Energies
  • Metals

As part of the HotForex experience, every page includes unique, real-time information for available investments. 

When you want to invest in forex, for example, you view and interact with real-time and historical charts with several useful pieces of information. The same is true for indices, energies, etc.

Charts at HotForex generally include:

  • Asset symbol
  • Description
  • Typical spreads in pips
  • Leverage up to a certain value
  • Short swaps in points
  • Long swaps in points
  • Trading hours
  • Break times

Every asset comes with its own advantages. Studying these assets and choosing the ones that you believe best suit your needs gives you the advantages HotForex provides, which include:

  • 50+ forex pairs, 0.1 spread EUR/USD, 7 funding methods, 15 trading tools and 5 trading platforms
  • The most popular metals
  • Low margins on energies, U.S. or UK oil and low spreads
  • Global indices, competitive spreads, automated trading and popular indices in North America, Europe, Asia and Australia
  • Cost-effective shares trading low spreads, fast execution, strong liquidity and competitive commissions

HotForex Customer Service

Customer care at HotForex reaches you via a European phone number, live chat window and support email along with the entire education section.

Customer care at HotForex includes teaching you how to invest, and the education section offers forex courses, webinars and videos designed to train new investors. 

If you’re the kind of person who wants to DIY your trading, the tools are there. If you want HotForex to hold your hand, the customer support team is more than capable. For these reasons, HotForex deserves 5 stars.

HotForex Pricing

Prices at HotForex are laid out for easy review. Because you know what you’re paying, you can easily calculate your overhead and make informed investments.

HotForex charges no deposit fees; the Premium and Premium Pro account levels have no commissions; and a Zero Spread account carries reasonable fees.

Under a Zero Spread Account, you pay $4 USD/EUR/GBP or less for all transactions (paying a touch more for other assets than major assets.)

Minimum deposits are more than reasonable as long as you choose an account that reflects your budget and investing prowess.

  • Zero Spread — $200 USD/EUR/GBP
  • Premium — $100 USD/EUR/GBP
  • Premium Pro — $5,000 USD/EUR/GBP

HotForex Mobile App

HotForex uses the HF Markets mobile app, allowing you all the functionality you get on the website. A high-functioning app is vital to your success on your investment journey because you can access the very same information you get at your desk, on the couch or in the office. 

HotForex User Benefits

The benefits of HotForex stretch from your first investment to your thousandth. Yes, you can teach yourself using numerous trading tools and platforms. HotForex gives you access to several markets, but it also educates you.

Attend a webinar to learn more about investments with real people who are studying just like you. Watch training vids that speak to what it means to use the platform and how certain investments work. HotForex offers training courses designed to help you embark on any investment of interest to you.

The benefits of the site extend to promotions not often seen with investment firms. The Supercharged Bonus offers a daily cash rebate of $2 on all deposits of $250 or more. The Rewards Trading Loyalty program has 4 levels, rewarding you for every active day you spend on the market.

You can also use a micro account to reduce your overhead or a copy account so you can follow the performance of an index or expert. With a 50% fee, that’s a small price to pay for success. For these reasons — which are many — it only makes sense to give HotForex 5 stars.

HotForex User Experience

The investor experience is as enjoyable and simple as it can be. When you visit HotForex, you can step into any investment, read information on that investment and complete a transaction in moments.

Deposits are simple; withdrawals are just as easy, and you can review your account from a desktop, laptop or mobile device.

5 stars is the only proper rating for a website that a novice can navigate and understand in a few moments and a seasoned trader can appreciate. 

HotForex
Best For
  • Investing in CFDs
securely through HotForex's website

HotForex vs. Competitors

HotForex offers more benefits than the competition by creating a trading environment that:

  • Teaches you exactly how to invest
  • Offers thousands of investment assets
  • Provides several trading tools and platforms
  • Allows easier navigation than most trading sites
  • Includes a clean mobile app anyone can use
  • Presents rewards and bonuses above and beyond what most brokers offer

HotForex Overall Rating

HotForex is far and away one of the best trading platforms to be found. The site offers everything you need as an investor, teaches you how to invest and even allows you to make moves on the go. Given the knowledge base, quality pricing, variety and design, HotForex deserves 5 stars.

HotForex Video Tutorial

Frequently Asked Questions

Q
What is the minimum deposit on HotForex?
A

Minimum deposits on HotForex include $100 for Premium, $200 for Zero Spread and $5,000 for Premium Pro.

Q
Is HotForex available in the USA?
A

No. HotForex is not available to citizens of the USA, Canada, Sudan, Syria, North Korea, Iran, Iraq, Mauritius, Myanmar, Yemen, Afghanistan, Vanuatu and EEA nations.

User Reviews

Lucy Madison

How do you use this product to boost your finances?

I initially invested a total of $105,000 over a period of 5 weeks. My bonus/profit was $830,000, every attempt to make withdrawal failed and I was instructed to make another deposit of $25,000 before I can make withdrawals which I did. Up till now, I’m st

Patricia Thomas

How do you use this product to boost your finances?

Hello REPORT ANY SCAMMED ISSUES IMMEDIATELY.. I also lost about $175,000 to a fake Green Dot profile and to a fake binary option website trading as well, I am here to share my experience to help and enlighten you and also educate everyone who have been

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