HotForex broker reviews: HF Markets Hotforex Review ️ South Africa Edition 2023

HotForex broker reviews
HotForex broker reviews

HFM has designed its trading platforms to ensure that every trader who opens an HFM Live Trading Account can trade in their preferred style and on the device of their choice. We have also compared & listed the best forex brokers & platforms, that you can scan through within minutes. For this you need to login to your customer panel & click the ‘Deposit’ button on the right sidebar. Low and transparent trading fee – All the fees charged by Hotforex are one of the lowest in the market, with a clear calculation on the spreads and commissions.

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. HotForex has a good trading product portfolio with over 1,000 instruments to choose from various asset classes, including forex, commodities, stocks, indices, bonds and ETFs. If you are looking to trade cryptos then please feel free to browse through our best crypto brokers for some inspiration.

Wire transfers are supported with no maximum deposit and a minimum of $100. PAMM accounts are also available, following the Premium features and designed for Fund Managers. Islamic accounts are also available for the Micro, Premium, Auto, or Zero Spread accounts, without swaps or rollover charges. All information on is only published for general information purposes. We do not present any LimeFx advice or guarantees for the accuracy and reliability of the information.

HotForex broker reviews

Based on the type of trading strategy, trading volume, and frequency of the trades, this account is beneficial to specific traders, and it is a bit expensive to other traders. Both MetaTrader 4 and MetaTrader 5 are very popular and powerful trading platforms. MetaTrader 4 and MetaTrader 5 allow traders to access the financial markets, and HFM takes advantage of the best features of each. This review lets potential clients know that the costs of trading with the broker are reasonable but not highly competitive.

What is the overall rating for HFM out of 10?

HOTFOREX Referral Program offer a total solution, from provision of the trading platforms to execution and settlement of transactions. They take care of all the administration, allowing their IB, to focus on the client. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies.

HotForex broker reviews

HotForex is licensed in the United Arab Emirates, South Africa, Cyprus, Saint Vincent, and the Grenadines to offer its financial services to its customers. HotForex has received numerous awards as the best educational broker at global limefx forex awards in 2022 & more. ; as a market maker, it provides a wide choice of multi-asset account types more than 3,500,000 live accounts, including forex pairs, currency pairs, Cryptocurrencies, Bonds, ETFs, and Equities.

Simply establish an account, find traders to mimic that have trading styles similar to yours, and receive signals as appropriate. You can follow and communicate with more experienced traders to gain a better grasp of the financial markets and learn from others. MT5 is a sophisticated yet user-friendly platform that gives you complete control over your positions for a more enjoyable trading experience. While MT4 is ideal for the majority of traders, MT5 is also simple to use and available on desktop (Windows / Mac), online, and mobile (iPhone / iPad / Android / Tablet). HotForex is an established forex and CFD broker, founded in 2010.

HotForex Customer Support

When it comes to metal and energy spot CFDs, broker offers six instruments, with margin requirements of 0.5 to 1.5 per cent. The typical spreads vary by asset, with UK Brent Oil and US Crude Oil at 0.05 each. There are also 44 indices and 3847 individual stocks from 23 different markets.

It truly was a very frustrating concern in my position, nevertheless noticing your professional fashion you processed the issue forced me to leap with gladness. I’m happy for your support and hope you recognize what a great job that you’re carrying out instructing many others through the use of your blog post. Since HotForex operates under different regulations, and all the regulations don’t impose the same leverage options, so the leverage level may fluctuate from country to country. All these regulations support HotForex’s longevity, which we will try to verify through the followingHotForex reviewcriteria.


HotForex MT4 trading platform was primarily developed for trading Forex, and the trader can use it to trade different types of financial instruments like spread betting and CFD trading. The trader will not be able to trade stocks, commodities, ETFs, and futures, or Metatrader 4 platforms except if they have spread bets or CFDs contracts. HotForex prides itself on being the best company that offers in-depth market analysis, news, and trader education. This comes in the form of articles, videos, short trading courses, and a wide update on the latest financial markets. Apart from that, MT4 Multiterminal provides access to multiple accounts simultaneously. Both MT4 and MT5 have the required technical analysis tools and Expert Advisors options for better trading experiences.

Typical spreads and margin requirements vary, with US Cocoa at 9.6 and 1.5 per cent respectively, and Copper at 0.005 and 1,500 USD respectively. HF Markets commission rate is low, on their Zero spread accounts the commission on individual shares is $0.01 per share while on metals & Forex the commission is between $1.8 to $3.0 per lot. Finally, the commission on energies like crude oil is $1 per lot. Founded in 2010 as HotForex now HFM or HF Markets, provides trading facilities to retail and institutional clients around the world.

  • You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
  • HFM’s pricing strategy shows transparent prices with one of the lowest rates in the industry, with negative balance protection available for traders worldwide.
  • Educational Videos provide a breakdown of the fundamental concepts of the forex industry.

But, nowadays, access via web browser and mobile apps are more popular than the PC. The platforms available on HotForex are the MetaTrader 4 and MetaTrader 5, which are all ECN/STP supported. In addition, they have advanced trading tools and execute trades seamlessly on desktop and mobile devices, allowing you to trade with your devices anywhere you see fit. Cyprus-based multi-asset broker HotForex has announced that its exclusive reward program ROFM is back!


But wire transfers will involve some fees as per the bank and other international policies. As per several HotForex reviews, this platform is committed to offering its clients the best trading conditions for easy trading. HotForex offers six types of accounts for their traders’ specific limefx requirements. Whatever their level of funding, trading strategy, risk appetite, starting from micro account to unlimited volume trading, there is an account to match every trader’s needs. HotForex was established in 2010, and it has expanded its presence in more than 100 countries.

HotForex broker reviews

In this HotForex review, we will find out how they minimize the risk. The customisable economic calendar allows traders to keep track of the most recent global economic news events, as well as indicators of the probable impact of the news. The news releases’ actual, consensus, and prior outcomes are presented. Users may sort the news by date, country, and intensity of the effect. This calendar might be useful as part of your fundamental analysis.

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It would have been great if Hotforex was regulated by Kenyan Capital Markets Authority too. Due to regional restrictions, HF Markets does not provide its services to residents of the US and a few other countries like Canada, Syria, Sudan, and North Korea. This UK review appreciates the regulation and authorisation of HF Markets Ltd under the Financial Conduct Authority. Other HF Markets Group entities are regulated around the world by the DFSA, FSCA, and FSA.

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Posted: Tue, 07 Feb 2023 08:00:00 GMT [source] would like to remind you that the data contained in this website is not necessarily real-time nor accurate. This HotForex UK review appreciates that the broker offers trading via both MetaTrader 4 and MetaTrader 5. There is a full range of platforms, including for desktops, laptops, smartphones, and tablets. As with most brokers of its type, HotForex does not allow for trading of shares in a traditional sense. Instead, the broker offers share CFDs, which allow traders to utilise leverage.

How do I get a HFM card?

It also prides itself on offering the best trading conditions, giving traders and scalpers access to liquidity and expert advisors. The broker offers a fairly long list of 6 accounts with different features to meet the requirements of traders. The first type is Micro Account, it is designed for new traders with relatively low trading volume. The second account is Premium Account it accommodates experienced traders with positing sizing up to 60 lots in a single trade. The broker also offers a Zero Spread account with a minimum account despot of just $200.

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