Hot Forex Review: Testing the Fan Favorite

Hot Forex is a customer responsive trading platform. This is the reason behind its tremendous success, specifically in forex brokerage industry. It only professes what it delivers. Yes, this trading platform doesn’t make too many extraordinary claims.  HF Markets are trusted by its users and in this following review, we are going to find out why. So make sure you capture every single detail.

HotForex

History

Hot Forex was founded in 2010. Its headquarters remain in Mauritius and it deals in many languages including English, Chinese, Arabic and others. FSC and CySEC regulate the trading firm and it remains a favorite among traders. HF Markets allow its traders to trade 43 currency pairs, 12 indices with commodity and equity CFD. Moreover, the website launched its own binary options trading platform.  It offers many types of trading accounts starting at $50 deposit.

Features

Hot Forex offers leading edge features for the ultimate convenience of its users. To give you an idea what is like trading with this platform, we are giving all of its features in below:

  • Meta Trader 4, Web Trader, and Mobile Trading Platforms
  • Variable Spreads Types
  • 1 Spreads Pips
  • Forex, Indices, Commodities, and Share CFDs Trading Instruments
  • Fifth Decimal
  • Maximum leverage starts from 1:1000
  • Minimum Deposit is $5
  • Minimum Trade Size is 0.01 lots
  • Trade Size Increment is 0.01
  • Market Execution is allowed
  • Max Simultaneous Open Orders starts from 150
  • Margin Call ratio (minimum) is 40%
  • Stop Out level is 10%
  • Personal Account Manager
  • Account Currency is USD. EUR
  • Commission for Forex Pair is allowed
  • Flexible Bonus Offerings
  • Stop Out Level (minimum) is 10%
  • Telephone Trading
  • Flexible Bonus Offerings
  • Personalized Service

Payment Mediums

Following, we are going to name the different payment method of HF Markets. Make sure you check all the given names:

  • Cashu
  • Master Card
  • Payoneer
  • Liberty Reserve
  • Moneybookers
  • Neteller
  • Perfectmoney
  • Ukash
  • Webmoney
  • Skrill
  • Paypal

Payoneer

Benefits

We are going to discuss the pros and cons of Hot Forex. We are going into deep details of what advantages and disadvantages this trading platform offers you. To make sure you check them all out and make a well-informed decision while choosing it.

Pros

  • Allows to trade in small volume
  • Offers comprehensive customer support
  • Provides high bonus
  • Offers high leverage of 1:1000
  • Offers low minimum deposit to open trading account ($5)
  • Low spreads start even from 0.2 pips
  • Numerous choice for trading platforms
  • Wide varieties of trading instruments

Cons

Considering the fact that what hotforex offers, it is very challenging to find fault in its services. When we compared Hot Forex with other brokers, we found that Hotforex is the better option.

Final Thought

Hot Forex entertains both new traders and advanced ones. This brokerage platform brings interesting currency pair with MT4 Platform.  It also offers ECN Broker with fast execution, competitive trading conditions along with prolific currency pairs.

HF Markets went out of the usual way to provide its client what they truly want. This firm is exemplifying what it means to be full service and one stop shop.