HotForex is one of the most famous online brokers as well as offering an outstanding white label and IB broker provider and offers a great affiliate program. The company was built on a mission to structure a trustworthy customer service brokerage. This is one of the significant reasons why HotForex traders continue trading with the broker.
HotForex offers an extensive range of over 1000 tradeable assets to its clients. Traders have numerous markets to participate in with many trading options, including Forex, CFDs, Spot contracts, and Futures contracts. Traders can choose from 50 forex pairs to trade, a range of commodities, many indices, over 50 shares, 12 cryptocurrency pairs, and bonds. Every market is available to satisfy any trader’s needs.
HF Markets Group, the parent organization of HotForex, has many regulated businesses affiliated with it and are brokers dealing with a wide variety of assets. The company strives to offer the best possible customer service so that it can remain the leading broker in commodities and forex markets. HotForex is a reputable broker providing its facilities around the world. They have been around since 2010, with headquarters in St. Vincent & the Grenadines. They are regulated with the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in Europe, and the Financial Services Commission (FSC) of the Republic of Mauritius, to name a few.
HotForex supports 10 european languages on its platform, and they have dedicated support managers for each language they support. The platform offers 27 languages globally.
The FCA and CySEC regulated platforms offer three core trading accounts called Premium, Zero Spread, and Premium Pro.
The broker offers 6 core trading accounts called Micro, Premium, Zero Spread, Auto, PAMM, and HFcopy. Every account types offer commission-free trading for Forex pairs, while the Zero Spread account is commission-based but with spreads from 0 pips on forex. Users can access 1000+ trading instruments ranging from Forex, Commodities, Indices, Shares, Bonds, and Cryptocurrency CFDs. Users can also access free demo trading accounts and Islamic swap-free accounts. Not all accounts are offered in all countries.
HotForex does not charge any commissions and the only fees that are charged for contracts held overnight. The cost is disclosed on the website. The broker charges a spread for each transaction, and they offer the tightest spreads we have seen in the general marketplace.
Deposits & Withdrawals
HotForex has gained recognition for its excellent performance, good reviews from clients across the world, and its services, an award-winning one with an assurance that clients are free from worries about the safety of their funds.
HotForex platform is dedicated to banking with only significant banks across the globe. Liquidity is offered through these significant banks based on the strength and international recognition of the broker.
Clients have a separate bank account for their funds. The clients’ investment is fully secured.
Bank Wire – HotForex will cover the fees for transfers over the minimum amount of 250 USD. The funds will be added to your trading account within one business day of the funds reflecting in HotForex’s account.
Bank Cards & e-Wallets – A minimum deposit of 50 USD is required, and will take approximately 10 minutes to reflect in your trading account. There are no fees for this deposit method.
Traders can use the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Web, Android, and iOS applications. HotForex provides a range of additional trading features such as AutoChartist scanners and risk calculators, as well as a package of Premium Trading Tools for MetaTrader, which includes a correlation matrix, mini terminal, advanced order window and more advanced indicators such as pivots and Renko charts.
The full Metatrader suite on HotForex is loaded with choice tools packages for their customers. These tools are known as premium trader tools, made for improving users’ experience on the platform. HotForex has received more than 35 awards.
HotForex provides research resources that include analysis and trading tools incorporating content from in-house staff and third-party providers. FxStreet offers forex news, and trading signals generated by automated pattern recognition are available from Autochartist. Overall, research is over par with the industry standard.
HF Copy: HotForex also launched a copy-trading platform called HF Copy, which allows traders to join forces with each other to try and master the markets. Individuals can create trading strategies and earn a Performance Fee by taking up the role of a Strategy Provider, or copy trades as a Follower without needing to actually trade or to closely follow the market ups and downs.
Video tutorials are available without registration, and these cover introductory concepts, Metatrader tutorials, trading strategies, and lessons in economic theory.
Webinars on current events, advanced trading strategy, and risk and money management are run every few days. These webinars do not require an account at HotForex, but you will need to register to participate.
The HotForex introducing broker program rewards individuals and businesses who refer new traders to their forex and CFD trading programs. Their introducing broker program is a straightforward type of partnership. The more your customer’s trade, the more you can earn. We have several generous compensation models to choose from. Partners can create increased revenues through the Multi-level Commission Payout system. The IB will make a commission from each HotForex client referral and get a rebate from every closed deal. Hot Forex’s Introducing Brokers can also earn from sub-IBs’ referrals.
The HotForex Affiliate program is an easy way for enterprising individuals to start their own business without any experience or investing money in fees for a startup. One of the main advantages of the HotForex programs is that there is no limit to the number of commissions that are earned. The affiliate can make a commission of up to $15 per lot. Since the affiliate program is multi-tier up to five levels, the member will be paid a commission on the earnings of all the sub-affiliates recruited. They will make 25% of the commission of the sub-affiliates. Detailed statistics are provided to the affiliate so that he can tweak his marketing effort accordingly. Payments to members are made regularly every week so that they do not have to wait to receive payment. The minimum payout amount is only $50.
White Label Program
The HotForex White Label programs are explicitly targeted at financial institutions and consultancy firms from around the world. We focus on providing a bespoke service for each client to meet their precise needs. Each white label is tailor-made for each partner to offer them the best opportunity to maximize their earning potential. Through a joint review process, we help in the structuring of a product to target each white label’s client base, establish the framework for the customer support services, and then assist with the launch.
HotForex is an outstanding STP broker with awards for its client support and product offerings. They offer a wide range of accounts that suit both beginners and professionals, ample training material, frequent market analysis, and a broad selection of trading tools; HotForex is an excellent choice for traders and partners.