CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.03% of retail investor accounts lose money when trading CFDs with this provider. Products and Services may differ depending on the HF Markets Group entity you trade with. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Alongside its enhanced MetaTrader offering and quality research, HotForex (HF Markets in Europe) offers a proprietary copy trading platform, HFcopy, and provides a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HotForex are slightly above the industry average, and its HF mobile app does not yet support trading.
-
Minimum Deposit:
$5
Trust Score:
85
Tradeable Symbols (Total) :
1066
HotForex pros & cons
Pros
- Premium Trader Tools, developed by FX Blue Labs, enhance the default MetaTrader suite.
- HotForex has struck a good balance of in-house market analysis, third-party research content, and news.
- In-house team produces special research reports including monthly, quarterly, and annual outlooks.
- Correlation and sentiment data is available on HotForex’s Traders Board module.
Cons
- Despite a decent selection of videos, HotForex’s educational content has room to improve, such as adding more articles.
- Trading costs are slightly above the industry average — across all account types.
- HotForex’s copy trading platform, HFcopy, requires 300 EUR to follow (copy) existing strategies and is not as mature as eToro’s offering.
- Though its HF app has improved, it still doesn’t permit trading, leaving MetaTrader as the only option for traders at HotForex.
Overall Summary
| Overall | |
| Trust Score | 85 |
| Offering of Investments | |
| Commissions & Fees | |
| Platforms & Tools | |
| Research | |
| Mobile Trading Apps | |
| Education |
Is HotForex safe?
help
85
Trust Score
HotForex is considered average-risk, with an overall Trust Score of 85 out of 99. HotForex is not publicly traded, does not operate a bank, and is authorised by one tier-1 regulator (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). HotForex is authorised by the following tier-1 regulators. Financial Conduct Authority (FCA). Learn more about Trust Score.
Regulations Comparison
| Year Founded | 2010 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 3 |
| Tier-3 Licenses | 1 |
| Trust Score | 85 |
Gallery
Gallery
2022 Review Methodology
For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research.
Each broker was graded on 113 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Read about Trust Score here.
As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Learn more about how we test.