If you're a scalper, trading news events, stay the hell away from this broker, they will blow your account in a matter of seconds.
I have traded with hotforex for years and no complaint so far, a stable and reliable broker. Now I am doing a broker IB and I always recommend Hotforex to my customer as a decent choice for especially new trader.
I trade in the company HotForex 3 months. As for me, trading in exotic currency pairs is much more profitable than the main currency pairs, forecasts are more reliable, and the price is more stable. correct me if I'm wrong, I don't have enough experience, but this does not mean that I should approach trading less rationally. If the profit is stable and there are no losses, then why should I change the strategy then. I watch the news feed from HotForex every day! It helps me to be aware of all the events and of course to make money on it. Every month I withdraw 10% of the profits from the deposit.
Hello, I would like to share my impression about the HotForex broker. I have been working with them for a little more than six months and so far I have marked for myself both positive and negative points. On the positive, I can say that it is quite comfortable and user-friendly trading software. Customer support is friendly and helpful. The only thing I didn't like was some delay in withdrawal. From a couple of hours to several days. But nevertheless I managed to withdraw profit. Though I did not try large sums, as for me it is an additional income, not the main one. For those who have experience in Forex, the broker will be comfortable. I want to note that, in principle, with forex you need to work with experience, otherwise there are great chances to lose.
I switched to trading with HotForex due to the fact that I am sure that they are bringing transactions on the interbank market. I have been trading forex for a long time, I know how to trade a little. Sometimes it seems to be possible to trade, and transactions are executed at more or less real prices, and you understand that you trade, most likely, within the company, and no one knows who your counterparty is. When you only learn to trade, it is not so important, in principle, to achieve some kind of a stable result - and this is already good. But when you trade not for the first year, you devote a lot of time to this, and this is sort of a job - it's important to understand that you trade in the real market according to real rules. Of course, HotForex is not the only broker that goes to the interbank market, many large banks offer this service, but deposits start at $ 100,000. HotForex has more democratic requirements, but with leverage you end up with a good working capital, with which you can work on the interbank market. I have been working on this scheme for half a year, and so far I have not noticed any problems with execution or quotations - everything is OK, there are excellent conditions for trading.
Very convenient broker, it is strange that no one writes about it. At a minimum, the trading terminal is not only a prehistoric MT4 with a poor imitation instead of a web terminal and a mobile version, but MT5, where you can trade the same way with the pc, as with a smart phone. Additional indicators, additional timeframes. This is all very cool. Trading conditions as such are usual, the spread is average, there are extensions, sometimes I catch requotes. See, when I read HotForex reviews, it usually ends up debating about conditions, although there is nothing to discuss here. Seems like everyone pays attention to nothing except spread and withdrawal. Trading terms, withdrawal terns - they are quite ordinary, withdrawal is also with obligatory confirmation every time. But there are trading signals and everything that I have already described above. I like a broker, in general, but I think it can be seen already)
Hot forex is a good broker. For me Withdrawals are important and they don't seem to disappoint.
Can you please upgrade the system because every time when the news is about to be announced, the system freezes exactly two or minute before the news release. And why is that?
I have been trading with this broker for ten months now. Support was very helpful, low spread, trading platform easy to use. Highly recommend!
closing to a one year constant trading with this broker, hotforex never fails to stay constantly satisfying, the company is legit and good. trading conditions are stable and reasonable really. good updates and they still manage to squeeze in interesting promos every now and then. keep it up.
I'm still waiting my US1,000 withdraw for 3 months, as soon as I started sending emails, etc, my account manager stop replying my emails. It sucks
I'm not to sure about this broker I have just made a withdraw last week thursday but I haven't receive my funds till today soh I'm still waiting an hoping I will get my funds
I think they are worth giving a try. I've been with them for about a year now, and i can say the experience has been good so far. At some point i was lured to another platform, went their and got my fingers burnt - never knew they were the most fraudulent brokers on earth today so long as i'm concern. Lost about $3,000 USD with those fraudsters just btwn this january and february (2019). But i'm fully back to Hotforex now, never to leave again so long as they continue and improve on the good service they are providing.
Well, Well, Well, here we go again, I never thought that I would write review about hotforex again after 4 years but things are getting worst with them. ECN Broker-Complete Lie. B Booking- going on full time. Stop Hunting. Execution issue 7/10. Customer support -Pathetic. Arrogant behavior- this one is added recently. I had account with hotforex 4 years back and when I started to make money, I faced all above issues, after reviewing it on forexpeacearmy, they resolved some of the issue, but my relationship with hotforex ended with some of the continuous issue, changing instrument timing without informing clients etc. I opened account again due to personal relation with their Manager Mr. Sohail Khan( who also resigned due to issues with hotforex) who promised me that there would be no issues and my account will directly be connected to market and there is no B Booking involved, if some of you don't know what B booking is, its market making, they trade against you rather than sending your trades to markets. Last weekend they stop hunted me on 2 of my positions with sudden spike and after that price went to normal. I have deposited more than 10k usd in last 2 months, but greed is curse and they just stop hunted me for 216 usd. I sent them email immediately and there was no reply from them when market was open and they most probably enjoying their beers. I would say that's an arrogant behavior. After multiple emails, they took more than 16 working hours to solve the issue. Their trading desk is pathetic and they opened and closed my positions multiple times, they can't even understand simple math, how to add and subtract. But big question is that how an ECN broker can change positions when position is already closed, only a market maker can do that. There was also a weekend between this and those 2-3 days was full of mental stress and tension for me but they don't care, because they think that they have grown too big to provide good customer support to their clients and resolve their issues. They opened my positions again when market was against me, if they would have stored it earlier, I would have made good money, but why they should have done it, they don't want you to succeed. In the end after multiple emails, they reimbursed me 216 usd after I sent email to their MD, Mr. Aristos. so I started to trade again. Then one fine morning, I received email from their client audit team that they are closing my account under clause 35.2 , that clause just say that they can close account, nothing else, and I won't able to open any new positions, that day I lost many opportunities to make money, we need to understand that leverage trading is big risk and reward, so they have deprived me opportunities to trade in the open market. Giving trading opportunities to the clients should be the first and foremost objective of the broker but they have denied me that opportunity. I tried to contact all known people in hotforex but there was no reply till today from them, why they were closing my account. I have caught them red handed for stop hunting me, that's the only reason I think, they have decided to close my account. They would have thought this client will keep an eye on us and will catch us again. As I mentioned earlier that greed is curse, my trade volume is very high, even if they would have just relied on commission, it would be a lot for them but no, they want to rip you off each and every penny of you. They did not reply to a single email till now, I contacted one of their managers by getting his number from somewhere and he told me that in past I caused damage to hotforex reputation and that's why they are closing my account. Now here are two questions, why they have approved my account at first place when they knew that I am the same client, and if they didn't know, how useless they are. I have deposited more than 10k usd and now when they have closed my account, they denied me the opportunity to recover my loss. Second, they only close my account, after I raise my voice for stop hunting me and ripping me of my money, giving me mental stress, tension, wasted my time., So guys, making and losing money is part of business but if you don't want to have mental stress, tension, wastage of time and want to avoid pathetic customer service, avoid this broker, they are scam. They will stop hunt you, there will be execution issues, because they are market maker, they will never want you to make money. I have proof of each and everything which I stated above and if anyone is interested, they can contact me to see the proof, I can't post snapshot here. I will present how they are stop hunting with spiking the price, how they are changing positons without informing clients. Yesterday I sent them an email and I gave them a fair chance to resolve the issues and was expecting call from their management but they opted to ignore. Hotforex is a bucket shop, market maker, they will rip you each and every penny of you.
This hotforex customer services are pretty fast as they explain everything whenever they are contacted. Last time i had some trouble with my account so i contacted them and they helped me in all aspects and i am really obliged by the level of expertise.
Fair and very good broker
Is not a best broker I made a withdrawals last year November I did't get my money antil todate and i m not getting a explaination that what going on
Great broker. Good spreads. Easy deposit withdrawl. Really satisfied, I invest to their PAMM and it returns profit steadily.
Hotforex iD:10303282. Is hotforex looking for Affiliate ID:10303282
I just start with this broker, today they manipulated my account.
This is among the best brokers i have traded in the last four years, i have multiple brokers because i have splited my funds to different baskets. The only reason is to diversify the portfolio, however this broker has improved a lot since i have joined them. I have a micro account and i also had some funds invested in PAMM services which is also nice. The leverage is good usually it comes up with 1:1000 pretty decent to start i guess. EURUSD and Other pairs comes up low spreads. Withdrawals and deposits are instant so i regularly withdraw my profits to skrill account and sell them to exchangers. I can recommend them safe because they have good service in my opiniion.
This broker is pretty popular, most of signal provider site as mql5 also support this broker with a lot of provider. I also like this broker PAMM with many choices. I think this broker is decent for being popular for years. Recommened!
Excellent broker tbh, not perfect but in shot i can easily say that one can simply trade thinking less of anomalies. 2 years so far and its a noticeable constant improvement. and all withdrawals are received with in the time in the notice.
Terrible broker, they automatically closed my trades while i still had enough margin
I am not happy with hotforex, today they manipulated my trades.
I'm participating their affiliate program and I am not personally sure whether they are genuinely the best affiliate program in the industry, but I do think they do offer a pretty decent service in regards to trading and affiliate because my customer are making profit with hotforex. Recommended!
I am trading with hotforex since January 2017 and did several withdrawal. Every thing is quite normal and i guess they really worth giving a try.
Hi. Can anyone tell me if Hot Forex offer Emerging Market pairs such as usdtry, usd/zar, usd/mxn, usd/chn, usd/pln, usd/sgd, usd/sek, etc?
I have a long experience in trading and HotForex gave me the ability to earn a lot of money.
Great broker. Good spreads. Easy deposit withdrawl. Very happy with them!
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HotForex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients. Through its policy of providing the best possible trading conditions to its clients and allowing both scalpers and traders using expert advisors...
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