Also, there are HFM entities that are registered in offshore zones alike Mauritius, SVG and Seychelles. While our general recommendation is not to trade with offshore brokers as they simply do not regulate Forex trading, due to HFM multiple parallel regulations it is considered to be safe to trade with them. In addition to its main license from CySEC, the broker holds other licenses to be able to serve clients from some specific jurisdictions including South Africa, Dubai, England etc. Besides, wee see obvious evolvement in HFM growth and regulation, now Broker operates fully legally in Africa region too with South Africa and Kenya obtained licenses. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. The support staff is great at their services i had found out they are humble enough replying my queries and on the quicker notes resolving them too.

1. To make a deposit you just need to choose your selected payment provider preference, and the one that’s accessible in your region and proceed with the payment.
2. Some time ago I saw that a few traders complained about the unmodern design.
3. HotForex has CFD trading on over 50 major, minor and exotic currency pairs with MT4 and MT5 accounts.
4. HFM is driven by a mission to emerge as the most reliable broker in the industry, focusing on consistent quality, performance, and trustworthiness.

The live chat is the best option for users who have small issues or questions that they want dealt with very quickly. Email and phone contact options are good for more specialized issues and responses take longer. HotForex offers a Micro, Premium and Zero spread, AUTO, HFCOPY and PAMM Premium Accounts, along with an Islamic account from the MENA region and beyond. First things first, traders can use HotForex’ award-winning MT4 Platform, as well as the newer MT5 platform. These platforms are suitable for both beginner and more advanced traders due to their one-click trading ability and the numerous tools they bring to the table, along with access to institutional quality technology. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team.

Commissions and Fees

Traders can choose from 50 forex pairs to trade, a range of commodities, many indices, over 50 shares, 7 cryptocurrency pairs, and bonds. In this review of HotForex, we explore a broker that has been operating since 2010, spans 180+ countries, and offers both STP and ECN trading platforms. As a hybrid broker, HotForex can offer full transparency and lower spreads. Paired with licenses from trusted institutions, this gives you a safe and stable trading experience. At HotForex, you’ll also find a wide range of tradable assets making them a great option if you’re looking to diversify or safeguard your portfolio. Beginner traders get a well-thought-out introduction to trading and high-quality research, and advanced traders benefit from a trading environment supportive of manual, algorithmic, social, and copy trading.

With an array of account options, superior trading conditions, and swift execution, HF Markets is a gateway for clients of varying levels to achieve their trading aspirations. The HotForex account types are shaped to fit beginner and experienced traders alike. Starting with the Micro Account, which requires a minimum deposit of $5 and can be a great fit for new traders.

They have grown substantially in the 9 years since first becoming active. This is exemplified through the number of traders they now accommodate, coupled with their regulation by a varied number of global bodies. This regulation includes within the EU through CySEC, and five other global regulatory bodies. Cards require a minimum deposit of $5, e-wallets (Skrill & Neteller) require $50, Trustly has a minimum deposit amount of $100 and bank transfers have no mandatory minimum deposit amount. You can open an HFM account, set up your profile, and display your results as you trade. If your results are good, you gain followers and reward based on performance fees.

How are your funds secured at HFM?

Withdrawals made through the likes of Neteller and Skrill will be processed almost instantly. The minimum required deposit for a bank wire transfer is $250, with the minimum required deposit for all other options being set at $50. There are many different deposit and withdrawal options available for users of the HotForex platform.

HFM Bonus

The range offers Micro, Premium, Zero spread, HFCOPY, PAMM Premium Accounts, and Swap Free Accounts, also you can select the Islamic Account suitable for traders from the MENA region or beyond. Overall, HotForex performs well in all major areas which would be under consideration from new or experienced traders when selecting a broker. This is further highlighted by the fact they have claimed many industry awards. With a growing user base, expanding compliance, and a continually trader-focused outlook on the future, HotForex represents an excellent choice for anyone considering entry to forex trading, or a change of broker. This is available on a 24/5 basis and includes telephone support contact in 9 countries. Support team members are also available by email in a number of languages, and web-enabled live chat.

With these regulatory bodies watching over HotForex, the broker has become well known and trusted all around the world. However, HotForex is not regulated by the CFTC, therefore do not accept traders from the United States. In addition to their regulatory accomplishments, HotForex has received numerous awards across Europe, Asia, Africa, and the Middle East. HFM offers a deposit bonus for each deposit, the HFM gadget giveaway promotion, and trading contests for live and demo accounts also exist. Terms and conditions apply, and traders should understand them fully before participating in bonuses and promotions.

HFM Review

To get a swap-free Islamic Account, first, create a retail account then contact the HF Markets customer support team to convert your account to a swap-free status. Our trading accounts have been meticulously designed to cater to the diverse needs of traders, ranging from novices to seasoned professionals. Recognized for their excellence, these accounts are deemed the best in the industry. HotForex really cares about the experience that their clients have. At the same time, the broker is also focused on the education and knowledge of the market that its individual clients have. Because of this, it provides very well-developed educational material to Forex traders.

There are also five commodities future contracts available, for US Cocoa, Coffee, Copper, US Cotton No. 2, and Sugar #11. Typical spreads and margin requirements vary, with US Cocoa at 9.6 and 1.5 per cent respectively, and Copper at 0.005 and 1,500 USD respectively. Only two commodities are available as spot contract CFDs, Palladium and Platinum, with typical spreads of 3.7 and 3.0 respectively. They have margin requirements of 5 per cent and 1,500 USD respectively. Most of the instruments available via this broker will be found in a CFD review.

As well as some of the other top-tier regulators like Financial Services Authority (Seychelles), Dubai Financial Services Authority (DFSA), and Financial Conduct Authority (FCA). It also boasts numerous cross border licenses, proving its trustworthiness in not just Europe but the U.S., too. Of course, where there is opportunity to make money there will be scams.

HFM describes its products and services well, and it has plenty of videos and a well-structured FAQ section. I recommend live chat should traders require assistance for non-urgent matters and phone support for emergencies. The How-To videos explain essential functions of the myHF back office and the MT4/MT5 trading platforms. Webinars, podcasts, and live events add a personalized touch and interactive educational experience.

HFM allows trading under 7 asset classes (the same as most other brokers). But their currency offerings are lesser than other hotforex broker reviews South African regulated brokers. The commission-based structure is transparent and is based on the currency pair type.

Find an overview of the deposit and withdrawal options available on HF Markets below. To start trading on the HF Markets platform, you need to open a live account. You can convert your Premium or Zero Spread Accounts to Islamic status and the same features and fees will apply except for the swap fees.

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