73

score

3 reviews

Score

Trade Pricing
5.3
          
Support
5.7
          
Execution Accuracy
6
          
Platform Experience
4.7
          
Education
5.7
          
Company Reliability
5.7
          

Features

Spread
Fix
Commission
Yes
US Trader
No
Personal account manager
Yes
microlot (0,01 lot):
Yes
Type of Broker
Market Maker
Asset
125
Min. Deposit
10
Leverage
1:1000

Trader Type

Beginners
Professionals

Platforms

MT4
Android
Others Platform
iOS
Web Trader

Supported Instruments

Forex
CFDs
Stocks
Indices
Commodities

Trading type

Scalping
Day Trading
Swing Trading
Weekly Trading
Hedging

Description Hot Forex

Hot Forex  is a broker funded  on  2012, owned  by the HF Markets Ltd  placed  in Cyprus. It has the authorization from  Cysec (license n° 183/12). Beside s this license , it has provided  for registration as financial society from regulatory authorities  of 14 European  countries,  in order to increas e credibility about  its security.

The relative “spread cost” isn't  the best among the top brokers, in fact the spread average in the “variable” version of the 10 most traded forex major is 2 pips, while the average spread in the “set” version of the 10 most traded forex major is 2.7 pips.

According to our point of view the best side of HotForex is the education area and the technical area:

the first area consists in 10 webinars about advanced topics  set into 3 at week, and there are also  20 video tutorials  about basics.

The technical area  includes  the provison of services like:

  • Autochartist, a very well known tool on metatrader which allows to receive signals  on configurations   of  price action and technical  analysis
  • Trading central, technical indications of generality about most assets, given by an accredited external and indipendet  society
  • Daily market analysis, , interesting analysis made by internal  analysts of the broker itself
  • Trading calculators,  a series  of useful  tools  to calculate  pips, position size, risk percentage, pivot, fibonacci, etc.

 

Hot Forex has  6  different types  account being subsequent in fact they could easily be assembled  into three groups. They differ to satisfy these three particular needs:

 

  • Micro Account  with minimum deposit of $50
  • Fixed spread s
  • spread 0, con commissions

The platform used is  metatrader4, which can be downloaded in  7 different versions,  3 versions for  pc and 4 for  smartphone/tablet.

The website is  in 24 langiages, with a phone support in  4 languages (English, German, Spanigh, Polish)

The company places  private clients's money  on a bank account which is separated from the society one. In case of insolvency by the society itself , any potential company debts can't be paid  through clients's  funds.


Conclusion

It's one the accredited brokers having the right stuff to be chosen, especially for those  who haven't any pretenses  on the spread cost. Going deep down there isn't any advantage  standing out respect the other top brokers, except fot the technical area that is rich and very interesting.


Only real reviews!

The review form is accesible only for user with a broker account verified.

cbuckridge

2019-08-01 Score: 10 | #470

Lowest spreads and very smooth platform makes this broker my number one!

alexys.kemmer

2019-07-03 Score: 6 | #350

Easy platform, nice account manager but very cheap bonuses!! They should encourage traders more to join them!

harris.merritt

2019-06-28 Score: 6 | #352

The demo account worked perfectly now I am having some troubles with the real one. I often unable to open trades at the price I want, the platform stalls and delays the opening which registers a target price different from the one I should have taken. Besides this one event, this broker is very good.