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HF Markets Broker Review

Review By: Alan LittleReview Updated: 2019-11-22

Address: HF Markets (UK) Ltd, Bloomsbury Building, 10 Bloomsbury Way, Holborn, London, WC1A 2SL, United Kingdom

forexstockscfdcryptocommodities

Spread

From 1.2 pips

Max. Leverage

1:1000

Deposit Protection

£85,000 GBP

Min. Deposit

$5 USD

Spread

From 0.012 pips

Max. Leverage

1:14

Deposit Protection

£85,000 GBP

Min. Deposit

$5 USD

Spread

From 0.04 pips

Max. Leverage

1:50

Deposit Protection

£85,000 GBP

Min. Deposit

$5 USD

Spread

From 0.0006 pips

Max. Leverage

1:50

Deposit Protection

£85,000 GBP

Min. Deposit

$5 USD

Spread

From 0.008 pips

Max. Leverage

1:200

Deposit Protection

£85,000 GBP

Min. Deposit

$5 USD

Our Overall Rating

Rating3.3

Our Full HF Markets Review is coming soon.

Hot Forex is an online broker founded in 2010 that offers a selection of 150-plus tradeable instruments to its clients. The firm has 1.5 million clients worldwide and offers more than 100 stock CFDs. However, client access to specific stock CFDs depends on location.

The broker offers the popular MetaTrader 4 and 5 platforms in different customised versions.

The firm, which is headquartered in Cyprus, is regulated by the Cyprus Securities and Exchange Commission (CySEC). It is also licensed in four other jurisdictions: St. Vincent and the Grenadines, Seychelles, Mauritius, and South Africa.

HotForex.com Broker Review | HotForex Intro | We Compare Brokers

Commissions & Fees

Rating

Hot Forex offers traders six account types: micro, premium, zero, auto, PAMM (premium) and a copy trading account. The broker offers spreads starting from 1 pip on all account types except for the zero account, which has spreads that start at zero. The zero account offers spreads starting at 0.3 on the popular EUR/USD currency pair, but traders have to pay a 0.6 commission on each trade, which translates to a total cost of 0.9. The premium account offers a 1.2 spread on the EUR/USD pair but does not charge a commission.

 

 

 

Platforms & Tools

Rating

Hot Forex offers the popular MT4 and MT5 trading platforms with customisations to suit its clients. The two platforms are offered in different iterations, including the MT4 desktop application, the MT4 WebTerminal, MT4 for Android, and MT4 for the iPhone and iPad.

The broker offers similar platforms for the MT5 trading platform, with the exception of the MT4 MultiTerminal, which has no peer in the MT5 product suite.

 

HotForex.com Broker Review | HotForex Platforms | We Compare Brokers

HotForex Platforms s

The firm also offers a FIX/API interface for advanced traders. However, traders have to part with a minimum deposit of $200,000 to qualify for the FIX/API service and must maintain this minimum balance at all times.

Customer Service

Rating

The firm offers customer service from offices located in different countries, with global support provided via a UK toll-free number. Hot Forex has other customer service lines serving Russia, China, Brazil, Taiwan, India, Indonesia, Nigeria and Turkey.

Social media: Facebook.com/HotForex; Instagram.com/HotForex; YouTube.com/HotForex; LinkedIn.com/HotForex; and Twitter.com/@HotForex_Broker

The company also offers support via email, with their website providing various email addresses that customers can use to get through to different departments, such as the execution desk and the sales department.

 

There are also specific email addresses for non-English speakers where clients can communicate in their national languages. The languages covered include Arabic, Chinese, Korean, Farsi and Spanish.

Research

Rating

Ease of Use

Rating

Mobile Trading

Rating

Regulatory details

HF Markets prohibited countries:

Canada | North Korea | Sudan | Syria | United States

From their website:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.33% of retail investor accounts lose money when trading CFDs with HF Markets (UK) Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Final Thoughts

Hot Forex is an Award Winning, global MetaTrader-only broker that offers a significant number of Forex pairs and CFDs for trading. The broker’s commissions and fees are quite competitive according to market standards and are available on its website. The company offers six account types to suit ever type of user, from beginners to the most advanced traders. Hot Forex is doing all the right things to attract customers as it has 1.5 million clients on its books.

HotForex.com Broker Review | HotForex.com Awards | We Compare Brokers


Before you go…. have you spotted any data in our HF Markets review which you think is inaccurate? If so please tell us 


Before you go…. have you spotted any data in our review which you think is inaccurate? If so please tell us

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