The Company

HotForex is a retail forex broker, offering attractive conditions for trading in a wide range of instruments, including Forex, Spot Metals and CFDs on commodities, indices and popular shares such as Google, Apple and Facebook. HotForex is a brand name of a group of companies, operating in different jurisdictions. The most reliable is HF Markets (Europe) Ltd., a Cypriot Investment Firm (CIF), registered in the European Union and licensed by Cyprus Securities and Exchange Commission (CySEC). The broker holds a license from the South African regulator, FSB, and also operates two offshore units (HF Markets Ltd., registered in Mauritius, and HF Markets (SV) Ltd., incorporated in St. Vincent & the Grenadines). 

Cyprus is currently one of the most attractive forex broker destinations and probably the main reason for this is its well-balanced regulation. Tough regulation with high entry capital requirements and low maximum leverage has reduced competition in the United States and Japan, while light touch regulation affects credibility and safety. CySEC applies certain rules and requirements to Cyprus Investment Firms, which are not as stringent as those in the US, for instance, however they provide a certain level of credibility. Cypriot Investment Firms must hold at least €1,000,000 in order to prove their good financial standing. Besides, they are required to keep customer funds in segregated accounts, separated from the company’s operating funds.

As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to 20,000 EUR, If the company is in default. Additionally, every CySEC- regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU under the MiFID Passporting Regime. What is more, the broker is also registered with a number of EU regulators, including UK’ FCA, Germany’s BaFin and others.

Company Overview

Company Name
HF Markets (SV) Ltd
Headquarters
50 Spyrou Kyprianou , Irida 3 Tower , 10th Floor , 6057 , Larnaca , Cyprus
Website
www.hotforex.com
Regulation
 Cysec , IBC , FSB
Trading Instruments
Forex , Indices , Shares , Commodities , Metals , Energies , Bonds , Cryptocurrencies
Trading Platform
MT4 , MT5
(desktop , mobile ,  multiterminal)
Deposit /
Withdrawal
Visa/Mastercard , Neteller , Skrill , WebMoney , fasaPay , Wire Transfer , Local Transfer
Bonus
100% Super Charged Bonus , 100% Credit Bonus , Loyalty Program
Services
VPS Hosting Service
Customer Service
Live Chat


Trading Accounts

Account type
Minimum deposit 
Minimum trade size
Maximum leverage
 Average Spreads 
Micro 
$50
0.01
1:1000
 1.2 pip on EUR/USD
Premium
$500
0.01
1:400
1.2 on EUR/USD
Fixed
$500
0.01
1:400
1.8 pip on EUR/USD
Zero
$100 
0.01
1:200 
0.1 pips on EUR/USD + commission $4 per lot traded (per side)
Currenex
$500
0.01
1:400
0.2 pips on EUR/USD + commission $5.00 per lot traded (per side)
VIP
$20,000 
0.01
1:300
0.2 pips on EUR/USD + commission $6.00 per lot traded round turn

In order to suit the needs of traders of all preferences and levels of experience, HotForex offers its clients a variety of account types to choose from. You may choose from fixed and floating spreads, commission-free trading (in Micro, Premium and Fixed accounts) or tighter spreads, involving commission fees. Beginners can sign up for Micro accounts with as little as $5, and micro lots are available for trade on all accounts.

Apart from the above mentioned account types, HotForex offers 2 more copy trading ones: an Auto Account, enabling traders to subscribe to free and paid Trading Signals from the MQL5 Community, (built-in to the MT4 trading terminal); and HF Social, which provides trading powered by FxStat. What is more, swap-free (Islamic) accounts are available with minimum initial deposit $150, designated for clients who are not willing to earn interest for religious reasons.

*Risk Warning: Forex and CFD trading involves significant risk to your invested capital.