HotForex Review

HotForex
100% Bonus Deposit
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Overview

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…

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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 Yes
Regulation FSC & CySEC
Hedging Yes
One-Click Execution Yes
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 No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.2/5.0

Screenshots

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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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