HotForex Review

  • Zero Spread Account
  • Leverage of 1:500
  • Straight through processor that is able to work with all types of traders, including scalpers and automated traders.
  • Negative Balance Protection
  • First-class customer service
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HotForex has gained a reputation as being one of the best in the industry in providing client satisfaction. Some of the services they offer and their features are continually being updated and being added to and are tailored to suit specific types of traders.

HotForex deal in binary options, in traditional Forex pairs, commodities, stocks, and indices. The company was formed in 2008 and has its headquarters in Mauritius, and they have dual regulatory compliance and CySEC regulations are applicable to its operations in Cyprus.

They have managed to attract a broad-based global clientele and they offer multiple language capabilities and have won industry awards over the past seven years. They have lots of bonus and award programs to tempt you to join them. HotForex is a straight through processor that is able to work with all types of traders, including scalpers and automated traders.

As well as the popular Metatrader4 platform you are able to access a number of customized operating systems, be they web-based or mobile. They have plenty of support materials and going by their customer testimonials their service is top tier.

Trading Features

  • regulatory compliance by the FSC in Mauritius and CySEC in Cyprus
  • deposits are safely segregated to Tier-1 international bank accounts
  • they have traditional trades in Forex pairs, stocks, commodities, and indices with over 200 asset choices in 20 markets
  • binary options can be accessed with a single click from the HotForex website
  • MT4 trading platform format
  • account types are – micro, Premium, and VIP
  • specialised accounts
  • the ability to connect with other traders to discuss strategies through their social trading feature
  • they support multiple deposit methods
  • quick withdrawal applications through debit card
  • 24 x 5 customer service support and the website in 25 languages

Trading Platforms

HotForex offers the download of the MT4 software, but if you prefer a web-based solution or mobile app, then Forex provides a number of custom-made software solutions to enhance your trading experience. Mobile access is 24/7, and they employ the latest SSL encryption technology for security.

Deposits and Withdrawals

HotForex accepts all major credit and debit cards, bank wire transfers, and additional Internet money services. As is the case with all Forex brokers, you need to submit proper ID prior to a withdrawal application. You can request a proprietary debit card that can be used for direct purchases or withdrawals at ATMs and are all funded by your account balances.

Support for New Traders

You are able to speak to bilingual customer service representatives who speak more than a dozen languages 24×5 via phone, email, live chat, or Skype. HotForex has an education center filled with training materials, videos, charting tools, free signal alerts, daily commentary and lots more for both beginners and experienced traders.

Summary

It looks like HotForex has gone the extra mile to provide customers with a first-class service. For a Forex brokerage firm, it’s a ‘one stop shop.’ They can provide you with competitive spreads and leverage, special account features, customized trading platforms for all operating systems, social trading, and it all comes with great customer service with support materials.

Based on its favourable testimonials and industry awards, you might have to look very hard to find another broker that tries this hard to win over the client.