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HotForex Review

Details

Broker	HotForex
Website URL	www.hotforex.com
Founded	2010
Headquarters	Mauritius
Type of Broker	STP
Languages	Arabic, Bangla, Chinese, Czech, English, Farsi, French, German, Greek, Hindi, Japanese, Korean, Lithuanian, Portuguese, Punjabi, Slovak, Spanish, Urdu.
Trading Platform	HotForex MT4, Smartphone Mobile Trading, HotForex iPhone Trader, HotForex iPad Trader, HotForex Droid, HotForex WebTrader, HotForex FIX/API
Minimum Deposit	$5
Bonus	100% Bonus Deposit
Max Leverage	1000:1
Spread	1-3
Free Demo Account	Open Demo
Regulated
Regulation	FSC & CySEC
Hedging
One-Click Execution
OS Compatibility	Microsoft Windows, Mac, iPhone, iPad, Android, Web
Account Types	Mini Account, VIP Account, Segregated Account, Islamic Account (Swap Free), Managed Accounts
Deposit Methods	Wire Transfer, Credit Cards, Webmoney, Liberty Reserve, Moneybbokers, Perfect Money, Cash-U, Neteller, U-Kash
Withdrawal Methods	Wire Transfer, Credit Cards, Webmoney, Liberty Reserve, Moneybbokers, Perfect Money, Cash-U, Neteller, U-Kash
More Instruments	Metals, Oil, Gold, Indices, Stocks, Commodities, CFDs
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score	4.2/5.0

Screenshots

Pros

• Can trade in small volume
• Comprehensive Customer support
• High Bonuses
• High Leverage of 1:1000
• Low minimum deposit to open a trading account ($5)
• Low spreads starting from 0.2 pips
• Multiple choices of trading platforms
• Wide varieties of trading instruments

Cons

• No Trading Over the Phone

Review

Hot Forex was Best Online Broker for Asia for 2012, Hotforex.com is an upcoming broker that is making waves in the online Forex brokerage arena. Registered and located in Mauritius, Hotforex.com is a regulated by the Financial Services Commission. The company thrives on Honesty, Openness and Transparency.

Established since 2008, Hotforex have been gaining popularity among many retail traders. While most brokers will try to concentrate on the big traders, Hotforex have not ignored the small trader. This is evident in features of their micro trading account. You don’t need a small fortune to start trading and furthermore, their spreads are quite reasonable. It is no wonder that Hotforex managed to capture an award from World Finance for 2012.

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