📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

HFM formerly known as HotForex Review

HFM Review - Hotforex

 

 

Overall,HF Markets can be summarised as a trustworthy broker that provides CFDs and low spreads on 100+ trading instruments. It is regulated by one tier-1 regulator (highest trust) and three tier-2 regulators.(medium trust) It has a trust score of 95% out of 100.

 

🔎 Brokers Name🥇 HF Markets Ltd
⚖️ Regulation
CySEC, FCA, FSCA
💳 Minimum deposit$5 USD
💰 Maximum Leverage
1000:1
🔘 Asset Types
Forex, Metals, etc.
📊 Trading platformsWeb, MT4, MT5

📈 Types of accountsPremium: min $100

Zero Spread: min $200

Auto: min $200

HFcopy: min $500

💳 Supported lot

0.01 - 500

💳 Demo☑️ Yes
🚀 Open an Account👉 Click Here

 

Overall Rating

4.8/5

Rated #6 out of 66
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators

CySEC, FCA, FSA, DFSA, FSCA, CMA

📱 Trading Desk

MT4, MT5

Crypto

No

📈 Total Pairs

50+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

HotForex / HF Markets Review – 18 Key Point Quick Overview

 

  1. ☑️ HotForex Overview
  2. ☑️ HotForex Safety and Security
  3. ☑️ HotForex Sign Up Bonus
  4. ☑️ HotForex Minimum Deposit
  5. ☑️ HotForex Account Types
  6. ☑️ HotForex Demo Account
  7. How to open a HotForex Account – Step by Step Guide
  8. HotForex Trading Platforms
  9. HotForex Fees, Spreads, and Commission
  10. HotForex Deposit and Withdrawal
  11. HotForex Affiliate Program
  12. HotForex Best Countries by Traders
  13. HotForex vs XM vs Plus 500 – A Comparison
  14. HotForex Customer Reviews
  15. HotForex Current Popularity Trend
  16. HotForex Pros and Cons
  17. Conclusion
  18. Frequently Asked Questions

 

HotForex Top Bar

 

HotForex Overview

 

HF Markets formerly is known as HotForex is a forex and commodities broker that provides award-winning trading services and facilities to both retail and institutional clients worldwide.  Furthermore, HFM allows both scalpers and traders using expert advisors unrestricted access to its liquidity.

 

 

HotForex Top Bar 2

 

HotForex Safety and Security

 

HotForex falls under the regulation of multiple top-tier authorities including FSCA, CySEC, DFSA, FSA, FCA, and FSC respectively.  Furthermore, the broker has taken further steps to ensure the safety and security of client funds, including the segregation of funds, Negative balance protection, and risk management.

 

HotForex Safety and Security

 

HotForex Sign-Up Bonus

 

HotForex does offer multiple sign-up bonus options, each with its own specifications, terms, and conditions.  Here is an overview of each.

 

HotForex Bonus Offerings

 

HotForex 50% Welcome Bonus

 

🔎 HF Markets Bonus🥇 50% Welcome
📈 Balance Increase50%
💰 Min. Deposit$50 USD
💻 Trading PlatformMT4
📌 AccountMicro
☑️ Claim Bonus Now👉 Click Here

 

HotForex Welcome Bonus

 

HotForex 100% Super Charged Bonus

 

🔎 HF Markets Bonus🥇 100% Super Charged
📈 Daily Cash RebatesUSD 2 per lot
💰 Applies to Deposit$250 USD or more
☑️ Claim Bonus Now👉 Click Here

 

HotForex Super Charged Bonus

 

HotForex 30% Rescue Bonus

 

🔎 HF Markets Bonus🥇 30% Rescue
📈 Increase Account Leverage☑️ Yes
💰 Min. DepositOver $50 USD
☑️ Claim Bonus Now👉 Click Here

 

HotForex Rescue Bonus

 

HotForex 100% Credit Bonus

 

🔎 HF Markets Bonus🥇 100% Credit
📈 Increase Account Leverage☑️ Yes
💰 Withdrawable ☑️ Yes
☑️ Claim Bonus Now👉 Click Here

 

HotForex Credit Bonus

 

HotForex Minimum Deposit

 

The minimum deposit amount required to register a HFM live trading account ranges between $5 USD and $300 USD depending on the account type chosen.

 

🔎 HF Markets Account💰 Minimum Deposit
☑️ Micro Account$5 USD
🥇 Premium Account$100 USD
🥈 Zero Spread Account$200 USD
🏅 HFCopy Account$100 - $300 USD
🚀 Open an Account👉 Click Here

 

HotForex Minimum Deposit

 

HotForex Account Types

 

HotForex is known for its commitment to providing the best trading conditions possible. HFM offers 5 different account types to suit the specific requirements of a wide range of traders.

 

HotForex Account Types

 

HotForex Micro Account

 

🔎 HF Markets Account 🥇 Micro Account
💰 Min. Deposit$5 USD
💻 Trading PlatformsMT4, MT5, WebTrader
🔁 Spreads From1 Pip
➕ Max. Leverage1:1000
➖ Min. Trade Size0.01 Lot
💵 Account CurrencyUSD / ZAR
✅ Commission❌ No
🚀 Open an Account👉 Click Here

 

HotForex Micro Account

 

HotForex Premium Account

 

🔎 HF Markets Account 🥇 Premium Account
💰 Min. Deposit$100 USD
💻 Trading PlatformsMT4, MT5, WebTrader
🔁 Spreads From1 Pip
➕ Max. Leverage1:500
➖ Min. Trade Size0.01 Lot
💵 Account CurrencyUSD / ZAR
✅ Commission❌ No
🚀 Open an Account👉 Click Here

 

HotForex Premium Account

 

HotForex Zero Spread Account

 

🔎 HF Markets Account 🥇 Zero Spread Account
💰 Min. Deposit$200 USD
💻 Trading PlatformsMT4, MT5, WebTrader
🔁 Spreads From0 on Forex
➕ Max. Leverage1:500
➖ Min. Trade Size0.01 Lots
💵 Account CurrencyUSD / ZAR
✅ Commission✔️ Yes
🚀 Open an Account👉 Click Here

 

HotForex Zero Account

 

HotForex Auto Account

 

🔎 HotForex Account 🥇 Auto Spread Account
💰 Min. Deposit$200 USD
💻 Trading PlatformsMetaTrader 4
WebTrader
Mobile Trading
🔁 Spreads From1 Pip
➕ Max. Leverage1:500
➖ Min. Trade Size0.01 Lot
💵 Account CurrencyUSD
ZAR
✅ Commission❌ No
🚀 Open an Account👉 Click Here

 

HotForex Auto Account

 

HotForex HFCopy Account

 

🔎 HF Markets Account 🥇 HFCopy Account
💰 Min. Deposit$300 for Strategy Provider, $100 for Follower
💻 Trading PlatformsMT4, MT5, Mobile Trading
🔁 Spreads From1 Pip
➕ Max. Leverage1:400
➖ Min. Trade Size0.01 Lot
💵 Account CurrencyUSD
✅ Commission❌ No
🚀 Open an Account👉 Click Here

 

HotForex HFCopy Account

 

HotForex Demo Account

 

HotForex does offer a free demo trading account for beginners to Practice forex trading in a 100% risk-free environment. The HFM Demo account is available for unlimited use and closely simulates a real trading environment based on actual market conditions.

 

🔎 HF Markets Account🆓 Demo
📌 UsageUnlimited
📊 Market ConditionsReal
🔁 Test Trading Strategies☑️ Yes
💻 Trading PlatformsMT4 / MT5 / WebTrader
💰 Virtual FundsUp to $100'000
💵 Min. DepositNone
🚀 Open an Account👉 Click Here

 

 

HotForex Islamic Account

 

HotForex offers Islamic swap-free trading on 3 trading accounts levels, Micro, Premium, and Zero Spread respectively.  HFM offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.

 

🔎 Account🥇 Micro🥇 Premium🥉 Zero Spread
💰 Min. Deposit$5 USD$100 USD$200 USD
➕ Max. Leverage📌 1:10001:5001:500
🔁 Spreads TypesVariableVariableVariable
📁 Spreads from1 Pip1 Pip📌 0 on Forex
🚀 Open an Account👉 Click Here👉 Click Here👉 Click Here

 

HotForex Micro Account

 

🔎 HF Markets Account 🥇 Micro Account
💰 Min. Deposit$5 USD
💻 Trading PlatformsMT4, MT5, WebTrader
🔁 Spreads From1 Pip
➕ Max. Leverage1:1000
➖ Min. Trade Size0.01 Lot
💵 Account CurrencyUSD / ZAR
✅ Commission❌ No
🚀 Open an Account👉 Click Here

 

HotForex Micro Account

 

HotForex Premium Account

 

🔎 HF Markets Account 🥇 Premium Account
💰 Min. Deposit$100 USD
💻 Trading PlatformsMT4, MT5, WebTrader
🔁 Spreads From1 Pip
➕ Max. Leverage1:500
➖ Min. Trade Size0.01 Lot
💵 Account CurrencyUSD / ZAR
✅ Commission❌ No
🚀 Open an Account👉 Click Here

 

HotForex Premium Account

 

HotForex Zero Spread Account

 

🔎 HF Markets Account 🥇 Zero Spread Account
💰 Min. Deposit$200 USD
💻 Trading PlatformsMT4, MT5, WebTrader
🔁 Spreads From0 on Forex
➕ Max. Leverage1:500
➖ Min. Trade Size0.01 Lots
💵 Account CurrencyUSD / ZAR
✅ Commission✔️ Yes
🚀 Open an Account👉 Click Here

 

HotForex Zero Account

 

How to open a HotForex Account – Step by Step Guide

 

1. Step 1 – Complete Your Personal Information.

The first step is to head to the Hotforex homepage. Simply click “Open Live Account” on the top right as shown below and proceed to enter your personal information.

 

HotForex How to open an Account

 

2. Step 2 – Complete Your HF Markets Live Account Profile.

Traders will be required to complete their required personal information in order for the process to be completed.

 

HotForex How to open an Account Step 2

 

3. Step 3 – Upload requested Documents to Verify your chosen Hotforex Markets Live Account.

Traders will be required to upload a selection of requested documentation before they will be able to select a Forex trading platform.

 

HotForex How to open an Account Step 3

 

4. Step 4 – Choose a Trading Platform.

The Verification of the HotForex live trading account should generally be completed within minutes of uploading all documentation.  Once a trader is fully confirmed, they will receive an email notification as confirmation.

 

Overall Rating

4.8/5

Rated #6 out of 66
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators

CySEC, FCA, FSA, DFSA, FSCA, CMA

📱 Trading Desk

MT4, MT5

Crypto

No

📈 Total Pairs

50+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

HotForex Trading Platforms

 

HotForex makes both MetaTrader 4 and MetaTrader 5 trading platforms available in order for HotForex clients to gain access to the financial markets.  This includes modes compatible with Desktop, WebTerminal, Android, iPad, and iPhone respectively.

 

HotForex Trading Platforms

 

HotForex MT4 and MT5 Comparison

 

🔎 Feature🥇 MT5🥈 MT4
⌛ Timeframes219
⚙️ Tech. Indicators3830
📊 Analytical Objects4431
✅ Economic Calendar☑️ Yes❌ No
🚀 Platform Speed64 bit32 bit
💻 Order ExecutionMarket ExecutionMarket Execution
📈 Pending Order Types64
📌 Hedging☑️ Yes☑️ Yes
☑️ Strategy TesterMulti ThreadedSingle Thread

 

HotForex MT4 vs MT5

 

HotForex Fees, Spreads, and Commission

 

Trading with HotForex will involve fees from $5 USD,  spreads from 0.1, and commissions from $3 USD depending on the account and market selected.

🔎 Broker🥇 HF Markets
📈 Spread TypeVariable
📌 Spreads from (pips)1 Pip
💰 Fees☑️ Yes
💳 Commissions☑️ Yes
🚀 Open an Account👉 Click Here

 

HotForex Fees and Spreads

 

HotForex Account Spread Overview

 

The term spread refers to the difference between two prices, rates, or yields. Here is an overview of the HotForex Account Spreads:

 

🔎 HotForex Account📈 Spread Type📉 Spreads From🚀 Open an Account
🥇 Micro AccountVariable1 Pip👉 Click Here
🥈 Premium AccountVariable1 Pip👉 Click Here
🥉 Zero Spread AccountVariable📌 0 on Forex👉 Click Here
🏅 Auto AccountVariable1 Pip👉 Click Here
🥇 HFCopy Account-1 Pip👉 Click Here

 

HotForex Spread Overview

 

HotForex Available Markets and Costs

 

HotForex, allows investors to trade over 1,000 financial assets through that single trading account and the diversity of instruments and the number of trading opportunities are almost unlimited. Each available financial market has different characteristics and trends, we outline them below.

 

HotForex Available Markets

 

Forex

 

The Forex market is the largest financial market in the world, trading trillions of dollars ($) per day.  HotForex clients can directly take part through the HotForex MT4 and MT5 trading platforms.

 

🔎 Financial Market📈 Spreads From🌓 Overnight Fee
📊 Forex0.0 Pips + $3 USD per one traded lot (Zero Spread AccountDepending on the asset and position size
Spreads from 1.0 pips and no commissions (all other account types)Swap Value in Points
🚀 Open an Account👉 Click Here👉 Click Here

 

HotForex Forex

 

Energies and Metals

 

Precious Metals are very popular financial products and on the HotForex MT4/MT5 trading platforms investors can trade Gold, Silver, Platinum, and Palladium via CFD.

 

🔎 Financial Market💍 Precious Metals📌 Points
☑️ Energies and MetalsGold0.29
Silver0.03
Palladium11.4
Platinum4.31
Swap ValuesDepends on Values
🚀 Open an Account👉 Click Here👉 Click Here

 

HotForex Energies

 

CFDs on Stocks, Index, and Bonds

 

HotForex also offers derivatives trading on the stocks of the world’s most important companies. Coupled with hundreds of stocks investors can also trade derivatives on the world’s leading indices.

 

🔎 Financial Market📊 Stock / Index /Bond📌 Points
📈 Stock / Index / BondGer301.41
USA302.57
UK1002.03
JPN2259.3
USA5000.41
🚀 Open an Account👉 Click Here👉 Click Here

 

HotForex Energies and Metals

 

Commodities

 

On HotForex Mt4 and MT5 trading platforms, investors will be able to trade commodities, including US Cocoa, Coffee, Copper, US Cotton, and Sugar.

 

🔎 Financial Market🍎 Commodity📌 Points
💎 CommoditiesCocoa9.0
Coffee0.98
Copper0.008
Cotton0.28
Sugar0.06
🚀 Open an Account👉 Click Here👉 Click Here

 

HotForex Commodities

 

DMA Stocks

 

DMA or Direct Market Access stocks are a new introduction to CFDs trading. Stocks’ DMA will allow investors to place direct trades directly on the order books of global stock exchanges. HotForex is one of the few brokers across the globe that makes this possible

 

  • Floating spreads will depend on the exchanges.
  • If a trader uses leverage there is an overnight fee depending on the asset.

 

Hotforex DMA

 

ETFs

 

HotForex enables traders to trade a wide range of ETFs from around the world in a wide range of sectors. This includes ETFs from Aerospace & Defense, Basic Materials, Commodities, Consumer Discretionary, Consumer Staples, Currency, E-Games/Sports and betting, Energy, Real Estate, Technology, Telecommunications, and much more.

 

  • Floating spreads will depend on the exchanges.
  • If a trader uses leverage there is an overnight fee depending on the asset.

 

HotForex ETFs

 

Cryptocurrencies

 

Cryptocurrency is a market that is expanding rapidly and with HotForex, investors can trade Cryptocurrencies in pairs with other currencies.

 

🔎 Financial Market💰 Cryptocurrency💵 Cost ($)
💳 CryptocurrencyBTC26.0
ETH3.0
XRP0.014
LTC2.0
Open an Account👉 Click Here
👉 Click Here

 

HotForex Crypto

 

Aditional HotForex Fees

 

Fees paid on HotForex can be broadly divided into 2 categories.

 

  • Trading fees
  • Non–Trading Fees

 

Trading fees are charged every time a trade is placed. These fees include spreads, commissions, overnight and rollover fees, and currency conversion fees.  Non-trading fees are not directly related to trading and can include payment fees and inactivity fees.

The applicable trading fees are dependent on the particular market/instrument being traded.

 

HotForex additional Fees

 

Forex Fees

 

When trading currency pairs on Hotforex the following commission will be charged:

 

🔎 Account🥇 Zero Spread🥈 PAMM Premium Plus🥉 Other
💵 Major Currency PairPer lot round turnPer Round TurnNone
📌 Fee$6 USD$10 USDNone
💰 Minor / Exotic PairsPer lot round turnPer Round TurnNone
📌 Fee$6 USD$10 USDNone

 

HotForex Forex Fees

 

Stocks and index fees

 

The fees and commissions for stock CFDs are applied as follows:

 

🔎 Asset Class💰 Commission📈 Spreads
⚙️ Metals / EnergiesNo Commissions0.01 to 11.4
💳 Cryptocurrency$1 per round lot turn0.0006 to 30.0
📁 Bond CFDsNo Commissions0.05 to 0.08

 

HotForex Stocks and Index Fees

 

Inactivity Fee

 

HotForex does charge an inactivity fee on all accounts that are inactive for more than a six-month time period. If an account is unused for between six months and one year, a $5 fee is charged.

 

HotForex Inactivity Fee

 

 

Overall Rating

4.8/5

Rated #6 out of 66
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators

CySEC, FCA, FSA, DFSA, FSCA, CMA

📱 Trading Desk

MT4, MT5

Crypto

No

📈 Total Pairs

50+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

HotForex Deposit and Withdrawal

 

HotForex offers clients multiple deposit and withdrawal options, including Bank transfers, Credit and Debit Cards.

 

HotForex Deposit and Withdrawal

 

HotForex Deposit Methods

 

🔎 Options➕ Max. Deposit➖ Min. Deposit⌛ Deposit Time💰 Deposit Fees
🔁 Bank Transfers
Wire TransferUnlimited$100 USD2-7 Business DaysNone over $100 USD
💳 Credit / Debit Cards
Visa$10'000 USD$5 USDUp to 10 minutesNone
MasterCard$10'000 USD$5 USDUp to 10 minutesNone
☑️ Alternative
Skrill$5000 USD$5 USDUp to 10 minutesNone

 

HotForex Deposit Options

 

HotForex Withdrawal Options

 

🔎 Withdrawal Option➖ Min. Amount⌛ Withdrawal Time💵 Fees
🔁 Bank Transfer
Wire Transfer$100 USD2-10 Business Days3rd Party
💳 Credit/Debit Cards
Visa$5 USD2-10 Business DaysNone
MasterCard$5 USD2-10 Business DaysNone
☑️ Alternative
Skrill$5 USDup to 10 MinutesNone

 

HotForex Withdrawal Options

 

HotForex Affiliate Program

 

The HF Affiliates is targeted at individuals from across the globe and includes rewarding commissions plans and a multi-tier affiliate tracking system. HF Affiliates will benefit from full marketing support and complimentary promotional materials.  An Affiliate and Sub-Affiliate option are made available.

 

HotForex Affiliate Programs

 

HotForex Best Countries by Traders

 

According to research, the following geographic locations are identified as sending the most traffic to HotForex.com.

 

🌎 Country of Trade📌 % of Traders
🥇 Nigeria16.20
🥈 Ghana8.31
🥉 Kenya6.85
Malaysia5.41
Mexico5.26

 

HotForex Best Countries by Traders

 

HotForex vs XM vs Plus 500 – A Comparison

 

🔎 Broker🥇 HF Markets🥈 XM🥉 Plus500
💰 Min. Deposit$5 USD$5 USD€100 EUR
💻 Forex TradingYesYesYes
🖥️ CFD TradingYesYesYes
🔁 Tradeable Symbols106613721896
☑️ Forex Pairs475771
✅ Crypto CFDYes📌 NoYes
🤝 Social / Copy TradingYesYes📌 No
4️⃣ MetaTrader 4YesYes📌 No
5️⃣ MetaTrader 5YesYes📌 No
🚀 Open an Account👉 Click Here👉 Click Here👉 Click Here

 

HotForex Comparison

 

HotForex Customer Reviews

 

Great Support.

I am very satisfied with HotForex.  The support team is patient and very helpful.  Thanks Guys! – Tod

 

TrustPilot 5 Star

 

Best Broker – Hands Down.

This is the best broker I have dealt with. I opened a zero spread account, their commission is quite reasonable and their personal area platform is absolutely cool. Withdrawals and deposits are super fast. Thumps up! – Ronald

 

TrustPilot 4 Star

 

Happy.

Very good spreads and execution. Support is there when you need it. – Diana

 

TrustPilot 3 Star

 

HotForex Current Popularity Trend

 

According to Google Trends, here is an overview of how frequently the search term “Hotforex” is entered into Google’s search engine over a given period of time.

 

HotForex Trend 1 Hotforex Trend 2

 

HotForex Pros and Cons

 

✔️ Pros❌ Cons
Segregates client fundsLimited range of instruments
Regulated by CySECNot FCA Regulated

 

Hotforex Pros and Cons

 

Conclusion

 

Overall, HotForex can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and trading facilities on forex to a global market.

 

 

You might also like: HotForex Account Types

You might also like: HotForex Demo Account

You might also like: HotForex Fees and Spreads

You might also like: HotForex Islamic Account

You might also like: HotForex Minimum Deposit

You might also like: HotForex Sign up Bonus

 

 

Disclaimer

HotForex warns all potential traders that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.  Before clients decide to trade the products offered by HotForex, they are advised to carefully contemplate their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

 

 

Frequently Asked Questions

 

How many instruments can I trade with HotForex?

You can trade more than 150+ different instruments with HotForex, which include the following:

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

 

Which platforms are supported by HotForex?

HotForex provides the following popular trading platforms:

  • MetaTrader4
  • MetaTrader 5
  • HotForex Mobile

 

Does HotForex offer leverage?

Yes, HotForex offers leverage of 1:30 on Forex instruments and 1:25 on Spot Metals. South African residents may access leverage of up to 1:200. Higher leverage ratios like 1:400, 1:500, or even 1:1000 are offered through HotForex offshore entities.

 

Is HotForex regulated?

Yes, HotForex is regulated by CySEC, DFSA, FCA, FSA, and FSCA.

 

Is HotForex a recommended forex trading broker for experts and beginners?

HotForex offers a fair trading environment for all types of traders.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

eXcentral Minimum Deposit

  eXcentral Minimum Deposit amount to open a real trading account is $250 / (R4013,83 USD/ZAR.  The Minimum Deposit for 1st-time traders might vary based on

eXcentral Fees and Spreads

  eXcentral spread and commission fees start from US Dollar 0.00 with spreads from 2.5 pips.eXcentral does not offer spread betting and thus spread betting

eTrader Review

  Overall, eTrader is regulated by CySEC authorities and it has a high trust score of 70 out of 100 and is considered a low-risk

FairFX Review

  Overall, FairFX is regulated by two tier-1 regulators, two tier-2 regulators, and four tier-3 regulators respectively. It has a high trust score of 97

HYCM Review

  Overall, HYCM can be summarised as a safe broker that provides competitive spreads on Contracts for Difference (CFDs). It offers 300+ trading instruments with