HotForex Review


HotForex was established in 2009 and is regulated by FSC (Mauritius). Being a worldwide, fully regulated and licensed online forex and commodities broker offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the access to interbank spreads and liquidity via state of the art automated trading platforms.

HotForex offers its customers a choice of trading platforms:

  • Hotforex MT4 (MetaTrader 4) By Meta Quotes
  • Hotforex Mobile (Meta Trader Mobile) By Meta Quotes
  • Hotforex Webtrader By Hot Forex

HotForex provides a free practice with a demo account. You can open a number of demo accounts to trade different strategies in a test environment. Moreover, there are various articles, tutorials, education and trading material on the website to provide clients with the information they need.

Available account currencies for this broker are USD and EUR. HotForex requires a minimum deposit of $5 for HotForex Micro account and the Premium and Currenex accounts can be opened with as little as $500. The Currenex account accommodates the experienced retail traders. A key feature is no maximum trade size or open position size.

There is a minimum trade size of 0.1 lots and the trade size increment remains flexible at 0.01. Furthermore, HotForex offer spreads from as low as 0.2 pip (on some occasions even lower) along with a maximum leverage of 500:1 and a minimum trade size of 1000. In addition to that HotForex clients get various options for free, such as Forex signals via SMS and email, Forex TV and Live streaming trading sessions. And if you open live Premium, VIP, Islamic or Currenex accounts you will get bonus worth $295/month.

There are the following commissions established by HotForex:

  • Forex: VIP: $6/Round | Currenex: $10/Round
  • No commissions are required for CFDs.

It is possible to use HotForex MetaTrader Mobile to access your trading account and trade through your PDA or Smartphone. Platform is comparable with our full-function Trading Terminal.

The HotForex Blog offers the latest relevant news concerning the markets and HotForex developments being streamed to client’s desktop or mobile devices. The progressive and dynamic management team has many years of active trading experience across a number of platforms and markets. HotForex operates a highly customer focused support team 24 hours/ 5 days a week in various languages, from English, German and French to Russian, Farsi and Hindi.