By: HF Markets Ltd.

HotForex is a Forex and commodities broker tool that offers online trading services to its clients. Starting from an easy account to various trading software and tools make it easy for users to access the information and to trade Forex and Commodities. Along with a unique trading experience, HotForex offers a very efficient multilingual customer support service. Low spread starting from 0.2 pips on EUR/USD and leverage from 1:1 up to 1:1000 are other noticeable features.

From: Mauritius
Top HotForex Alternatives
  • IQ Option
  • Plus500
  • Avatrade
  • Zulu
  • IFCMarkets
  • OctaFX
  • Roboforex
  • SaxoBank
  • XTB
  • FxPro
  • FXCM
  • Alpari
  • LiteForex
  • Dukascopy
  • Axitrader
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Top HotForex Alternatives and Overview


IQ Option

IQ Option is among the most popular forex trading platform that is continuously evolving with the current market needs.

By: QOPTION LTD From St. Vincent and the Grenadines


Plus500 is an online trading software available for Windows that allows users to trade online right from their Personal computers.

By: Plus500UK Ltd. From UK


Avatrade is an online broker providing services in foreign exchange (forex) and contract for difference (CFD).

By: Ava Trade Ltd. From Ireland


Zulu is a trading and investment platform that lets you trade online with over millions of traders across 192 countries.

By: ZuluTrade Inc. From Greece


IFCMarkets is an online broker and forex trading platform offering trading services in the international financial markets through various platforms including, NetTradeX and MetaTrader 4.

By: Ifcmarkets. Corp. From British Virgin Islands


OctaFX is an online Forex trading and broker service with reach in over 100 countries.

By: OctaFX UK Limited From UK


Roboforex offers online forex trading services at the international Forex exchange market.

By: RoboForex (CY) Ltd From New Zealand


SaxoBank is an online finance service that deals in global online trading and offers complete trade and investment solutions to its customers.

By: Saxo Bank A/S From Denmark


XTB is an online trading solution dealing in the trading of forex, indices, commodities and share CFDs.

By: XTB Limited From UK


FXPro is an online broking and forex trading tool that offers Contracts for Difference (CFD) trading on multiple services including foreign exchange, futures, shares and precious metals.

By: FxPro Group Ltd From UK
Based on 1 Vote


FXCM is an online tool that deals in forex trading and exchange with the aim of making online trading easy and convenient for common people.

By: FXCM, Inc From USA
Based on 2 Votes


Alpari is an online Forex trading platform that offers its clients a wide range of internet trading services in the foreign exchange currency market.

By: Alpari Limited From Russian Federation


LiteForex specializes in online Forex trading in the international exchange market.

By: LiteForex Investments Limited From Marshall Islands


Dukascopy is a Swiss Forex bank and trading marketplace through which users can communicate and trade online with people all over the world.

By: Dukascopy® Bank SA From Switzerland


Axitrader is an online Forex trading platform offering its services to clients all over the world.

By: AxiCorp Financial Services Pty Ltd From Australia

HotForex Review and Overview

HotForex is one famous name in Forex Trading platforms. Active since 2010, HotForex provides services in numerous ways like trading instruments, trading accounts, platforms, and analytics tools. As of now, HotForex has over 200k+ live accounts, 200+ employees globally, more than 35 industry awards, and support for over 27 languages. Its trading is for retail as well as organizational markets. They have even participated in charities like Red Cross, UNICEF, Sophia Children’s Foundation, etc., and support vendors like Visa, Mastercard, Skrill, Wire Transfer, etc.

HotForex Trading Instruments

The Trading Instruments by HotForex provides multiple methods to conduct trading like Cryptocurrencies, Forex, Metals, Indices, Shares, Energy sector, Commodities, and Bonds. As for cryptos, it includes Bitcoins, Ethereum, Litecoin, and Ripple. Each trading product is managed accordingly by their software. They are planning to increase these trading instruments in the future.

HotForex Account Types

There are multiple types of HotForex Account types. It ranges from Micro accounts to HF-COPY types. The basic account begins at a minimum $5 deposit, and the HFCOPY has $600 as a minimum deposit. The max leverage ratio is from 1:1000 to 1:400. A demo account is also provided for micro, premium, auto, and Islamic accounts. Each account is designed as per specific trader requirements.

HotForex Platforms

HotForex has basically two types of platforms, i.e., MT4 and MT5 types. As for MT4 platforms, you get an MT4 terminal, multi-terminal, web terminal, iPhone Trader, iPad Trader, HotForex Android, and Rapid Trader API. As seen, the account for HotForex is accessible from most platforms. The upgraded version named MT5 is available on the desktop terminal, iPhones, iPads, Android, and also a Web Terminal.

HotForex Tools and Services

HotForex provides various tools for traders as well as for analytics. It has premium trader tools like auto-chartist tool, HF app, economic calendar, SMS tools, traders board, VPS hosting, MQL5, risk% finder, and calculators for multi-target, pivot points, pip value, position size, and a Fibonacci calculator. Out of these, traders’ board, MQL5, one-click trading, etc. are analytics tools. Their market analysts, Stuart Cowell, guides their exclusive analytics.

They even provide education services like e-courses, video tutorials, webinars, events, and how-to videos. They also run offers for a bonus, loyalty, contests, free funding, etc.

Overall, HotForex is the perfect choice for most Meta-Trader brokers. It still needs a bigger setup and better UI to target big traders and investors. But still, it is a popular choice for new and mid-level investors, with a sleek and swift interface.

Company Information

Company Name: HF Markets Ltd.

Company Address: NG Tower, 2nd Floor, Cybercity, Ebene, Mauritius

Founded in: 2009

Top Features

  • API
  • Automated Trading
  • Virtual Private Server
  • CFDs
Core Features
  • Analytics