A fixture in the brokerage industry in the last decade, HotForex treats its mission as a promise to its customers which is to provide the best customer service to its clients by maintaining a superb client-centric culture. This is the best way for them to turn their vision a reality which is to maintain its position as a market leader known for its superior customer services.
HotForex started in 2010, focuses on the MetaTrader platform. HotForex operates as a unified brand of the HF Markets Group. Outside the European Union, it has evaded South Africa, Seychelles, Mauritius, St. Vincent and, The Grenadines.
HotForex is also an award-winning broker for commodities and forex. It provides trading facilities and services to both retail and institutional forex clients. HotForex account types, trading software, and tools are of various forms offered to its clients to facilitate them to trade forex and derivatives online.
Its automated trading platforms allow its users to access various spreads and liquidity. HotForex offers a plethora of account options to cater to clients of all sorts and fit the demand of every client with or without trading experience.
HotForex brokers review
Forexbrokers.com describes a HotForex investment as an average risk, posting an overall Trust Score of 80/99. Being one of the many limitations of forex brokers, HotForex is also not publicly traded and also does not operate a bank.
Moreover, HotForex has analysis and trading tools, which were self-developed and outsourced. FxStreet provides its forex news, and its Autochartist apparatus includes volatility analysis. The MT4 comes standard on Android and iOS and is available from MetaQuotes Software Corporation on Apple’s app store and the Google Play Store.
Let us weigh more of Hotforex’s offerings, unique features, and shortcomings to help you understand its standing in the forex brokerage world.
- Regulated as a forex broker and has added additional regulatory licenses outside the European Union
- Has a Premium Trader Tools offering for its MT4 platform
- Offers MT4 platform in desktop and web (with a desktop version supporting automated trading system called Experts)
- Has a small range of markets (forex 24/7 and cryptocurrency on weekdays)
- Mixed pricing across account types
- Only offers 51 currency pairs
- has the most extensive account type options HotForex offers seven account types: Micro, Premium, Zero Spread, Auto, Pamm, HFCopy, and Islamic
HotForex is best known as a MetaTrader or MT4 forex broker that has an array of account types and available asset classes, including self-developed and outsourced research tools that traders will most likely use to their trading advantage. Being regulated in and out of the European Union, HotForex has expanded its markets over the years.
However, being a large brokerage firm, HotForex is yet to offer other CFDs aside from forex. Besides that, it only provides the MT4 platform for forex trading. It is also, however, to offer an average spreads across all its account options.
Minus these setbacks, HotForex is a proper consideration for a forex investment for beginning and experienced traders who are seeking for a reliable forex customer care service provider and a formidable MT4 trading platform.