✔️ Information reviewed and updated in April 2024 by Eduardo López

Opinions and information about the HotForex broker

 

¿It is the really reliable HotForex broker? Is it safe for you to invest your money with this company? In this section we will analyze the broker and its reputation as such on the internet.

We invite anyone who has experience with this company, to leave a comment with their experience and to give the broker a score.

The HotForex broker is a Forex and commodities broker, HotForex is owned by HF Markets Europe LTD. The broker is based in Cyprus and is regulated by the CySEC, the Cyprus regulatory body, and is registered with different bodies, including the Spanish CNMV.

 

Now we will go on to analyze the different types of broker account, in this case, there are 6 different types: the Micro Account, the Premium Account, the Zero Account, the Fixed account, the VIP Account and the Auto Account.

We will then start with Micro account: minimum initial deposit: $ 50, maximum leverage up to 1: 500, variable spreads, spreads from 1 pip, maximum number of simultaneously open orders: 150.
It is followed by Premium account: minimum initial deposit: $ 500, maximum leverage up to 1: 400, variable spreads, spreads from 1 pip, maximum number of simultaneously open orders: 300.
The third type of account is Zero Account: minimum initial deposit: $ 100, maximum leverage up to 1: 200, variable spreads, spreads from 0 pips, maximum number of simultaneously open orders: 500 or 60 standard lots per position.
This is followed by Fixed Account- Minimum initial deposit: $ 500, maximum leverage up to 1: 400, fixed spreads, maximum number of simultaneously open orders: 300.
The 5th type of account is the VIP account: minimum initial deposit: $ 20.000, maximum leverage up to 1: 300, variable spreads, spreads from 0 pips, maximum number of simultaneously open orders: 400.
The last type of account is the Auto Account: minimum initial deposit: $ 500, maximum leverage up to 1: 400, variable spreads, spreads from 1 pip, maximum number of simultaneously open orders: 300.

The platform for trading is the popular MetaTrader 4.

Now, yes, we will go on to analyze the different resources and aids that the broker provides to traders on its website:
The broker, in this case provides resources such as analysis and financial news (although in English), specifications of forex contracts (also in English), explanatory videos (yes, in English), economic calendar, traders board, percentage calculator risk calculator (in English), pivot point calculator (also in English), pip value calculator (yes, in English), position size calculator (yes, you guessed it, in English), Fibonacci calculator (in English) English), they have numerous webinars although all in English, a forex glossary and training videos, but they are all in English.

  

Features of the HotForex broker

 

Table Plugins

 

Would you like to know the best 2021 broker ? Find out HERE

 

Additional information about the company

 

Phone number: 900-808571 (Spain), + 44-2033188569 (international number)

Email: [email protected]

Website: www.hfeu.com/eu/en/

Clarification: HotForex works in different countries, so the information provided may not apply to your country, this review is directed to Latin America and / or Spain.
* Bonuses or promotions: None by the moment

HotForex valuation

 

With the information we have so far, the comments and reviews of users and traders, our opinion is positive, because we have found mostly positive comments about the broker on the internet, and the broker, although in Cyprus, is regulated. 

Do you know this broker? Do you think our opinion is not correct? Have you operated with him? Leave a comment with your experience.

 

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