HotForex review: updated broker reviews in 2021

Warning: the information presented in this HotForex review about its services is merely generic and comes from reliable publicly accessible sources or received from HotForex (entity authorized to operate in New Zealand by the CNMV or through the dollarpeo financial passport regime).

⚠️ Attention! Although HotForex is totally legal and safe, we can't offer you this broker right now . We recommend that you try one of the best online brokers that we have evaluated, Binance .

Examples of the good work of the company are the HotForex has been operating for more than ten years . The experience in the market, which places her very well in the online finance industry. The expansion of this field has allowed HotForex to reach more than 2 million users worldwide.

To develop this study we have read numerous reviews about this operator, and it seems important to emphasize that many of its customers give signs of approval. In fact, there is demonstrable evidence that investors have managed to get sustained profitability through this platform.

That's why HotForex is positioned among the most prestigious brokers from the web. The reasons why it is so chosen, as we will see throughout the report, have to do with security guarantees that provides . Hotforex: Scam or a legit option? There is no possibility of fraud since this operator is duly registered.

In fact, the operator has more than one internationally valid license . These solvency samples give us the confidence to invest money in the platform. On the contrary, we warn about the risk of using traders who do not present certificates from official financial authorities. Masked frauds abound.

Another of the points that we will focus on are the star assets of this operator: the forex trading . If you haven't heard of this type of investment yet, don't worry. In the course of the report we will give you the tools to understand everything you need to start investing .

Experience with the financial broker HotForex: our opinions

To make the review of the present broker, we have tested the main options of the investment platforms of the broker at hand. Reviews point to the safety of this broker, which is supported by the fact that be a fully regulated operator . Its licenses allow it to offer online investment services in New Zealand and throughout the continent.

At the same time, through these certificates we can verify that the system architecture is oriented to productivity. In other words: the HotForex broker makes your assets move. Each of the licenses has a different scope, as we will see in the section on the subject. This is due to the plurality of investment alternatives what's in the operator.

The assets include stocks, which are the most common, and forex, which are the specialty of the platform, but also many other options. Hotforex: Scam or is it reliable? All options are fully regulated, there is no place for any fraud, HoteForex is a transparent operator .

Go on in the merits that we see in this broker , there are the awards he has received. Among them are Best Forex Broker for Asia, delivered by Global Business Review Magazine; Top 100 Companies, awarded by World Finance Magazine; Best Customer Service 2020, by Capital Finance Magazine, and many others.

If you are looking for a safe and convenient trader, one of the best options is HotForex. Reviews show their good reputation, which is an excellent indication in the world of finance. We can attest that your clients' funds are not exposed to any danger .

Of course, this does not mean that you are going to make significant profits immediately just because the broker is trustworthy. On the contrary, the multiplicity of alternatives of this operator it invites users to really explore and inform themselves about the possibilities of the market.

Thus, the HotForex broker seems to us to be an ideal option for restless investors, who are in search of a better profitability and who want to study about finance. At the moment, a huge number of investment platforms are available, which require users to learn how to use them.

Is HotForex legit or is it a scam?

This broker is presented as a safe option, but on the Internet you have to take precautions. How to know if Hotforex is scam or a reliable trader? The answer is: through the official licenses of the financial industry , which are mandatory to offer investments.

In the case of this operator, we have been able to verify that it has several current licenses , which give her the possibility to extend her services all over the world. Although the company is established in Saint Vincent and the Grenadines, under the name HF Markets (SV) Ltd, its platforms are available in countless countries.

The main license of the company is that of the Financial Conduct Authority (FCA) of the United Kingdom. This is one of the most important official institutions in the world of finance in Dollarpa. Its certification endorses the company with the highest quality standards .

A look at the most relevant of HotForex

The FCA licence gives an account, in the first instance, that the operator conforms to the data protection mechanisms from riguNZD. This implies that users' sensitive information, which includes the bank account, is fully encrypted. Thus, it becomes invulnerable to external attacks.

Secondly, the FCA certification is proof that investing in HotForex is productive . That is, the broker effectively puts the funds of its investors into circulation, and does not store them for speculating on its own. According to many opinions, HotForex has proven to be a source of profitability.

HotForex offer: opinion of the best experts

In addition to security, one of the most important issues that we evaluate in every broker is the investment offer. For our team, the diversity of assets is one of the fundamental factors to succeed in today's market. In this case, the plurality of alternatives it is guaranteed .

If you are looking for a broker with a huge variety of options, it is interesting to take a look at HotForex. The opinions are very positive since their clients can explore various markets, with opportunities in the short, medium and long term . Of course, this requires some training in finance and investment experience.

In HotForex we find the main assets of the item : stocks, which are the most common, and also commodities, energies, indices and even bonds. The specialty of this broker, however, is forex, that is, investing in international currencies. This market can be very profitable if you study it well.

Stocks are the asset that most investors start with. They are not too difficult to understand on none of the major finance platforms. The next step may be indices, which are a little more complex and depend on stocks.

Investments in raw materials and energy, as we believe from our team, are reserved for experts in the matter. These are very sensitive issues that they require a solid training in the area to invest with confidence. Like any quality broker, HotForex is safe and warns of the risk of these investments.

CFDs with HotForex: our opinions

CFDs are called by their acronym in English: contract for difference, that is, contract for difference. This is one of the most popular investment methods in online brokers. Its attractiveness lies in the possibility of a good profit through a partial investment.

However, this also brings with it great risks . Contracts for difference allow you to negotiate the price of a contract according to its opening and closing value, without the need to buy its underlying asset. Thus, the world of big business opens up retail investors.

This implies that you invest for a part, but you win or lose for the total of the investment. Most retail investors lose on such issues, as all safe brokers duly warn. Also HotForex, although does not specialize in CFDs .

In fact, the only CFD alternative on HotForex is on DMS shares (direct market stocks). They are a fairly simple type of contract and without so many risks, but the operator recommends informing yourself. You can enter with 20% of the notional value of the trade, as indicated by the HotForex platform.

Cryptocurrencies

This is one of the most popular assets today. It is about alternative currencies to official money , that is, currencies that are not regulated by banks or governments. At the beginning, they were received with a certain skepticism, but today they are an inescapable capital.

So much so that bitcoin has been the most valued asset of the last decade, with an increase in its value that he put a revolutionary spin on the stock market . Thus, no up-to-date investor can remain unmoved in the face of these changes. It is necessary to inform yourself in order to investing in cryptocurrencies .

These currencies present numerous points of interest. Among them, we highlight the concepts of mining and blockchains. The first refers to the process of creation and transfer of cryptocurrencies , which works in a way alien to the vicissitudes of the market and the world of banks.

As for blockchains are the structure of coins . Each block contains information about transactions, just like in a daily ledger. This data is visible to all users and is invulnerable as long as it remains in the chain. An advance in security matters.

As several opinions indicate, HotForex does not specialize in cryptocurrencies . However, there are many other brokers where you can invest in these assets, both directly and through CFDs. Among them we particularly value a eToro , one of the most popular operators today.

Forex trading

Forex is the term that it refers to the investing with international currencies . This means that one must speculate with changes in the prices of foreign currencies to achieve profitability. This process can be easy if you have the necessary tools, but in the first instance it requires reliable information and the application of key concepts in finance.

On HotForex you will find one of the best offers for this category. The operator offers numerous pairs of coins and it shows your most outgoing data: typical spread, leverage and closing and opening times, among other important points. Unlike cryptocurrencies, official currencies are subject to the regulations of official entities and the contingencies of the economy of each country. That is why we suggest that you take some of the training courses offered on the platform before investing.

Demo account

An option prior to investing in HotForex is to create a demo account. What is it about? Well: it is a membership that does not involve any money deposit and allows you to explore all the tools of the main platforms. Among those that are available are MT4, MT5 and Webtrader. In addition, HotForex offers $100,000 of virtual balance to test how investments would work in reality.

The demo account is not a singularity of HotForex, but is a general condition of prestigious brokers. It is essential that operators give their clients the chance to familiarize themselves with the platforms before depositing funds. Stock market investments are a complex matter that requires training, and you can't start trading blindly. Among the brokers that present this option are AvaTrade , one of the best known and famous of the moment.

Payment methods

Now, when you have already explored the demo account, you can make the decision to create a real account. For this you will need to deposit money. This is done through payment methods optimized to operate on the web, which it is necessary link with the HotForex broker account . The process is extremely easy and respects all virtual security protocols, including the encryption of personal data of each user.

As for commissions, HotForex does not apply any deposit rights. This is a clear advantage. In addition, the operator announces that all transactions will be carried out quickly through its platform during weekdays. Hotforex: Scam or safe trader? To be sure that this is not a fraud, HotForex uses various authentication mechanisms identity and account verification. Thus the funds remain free of threats.

The alternatives of this operator are quite varied , according to what we expect from a reliable broker of this level. Possibilities include bank transfers, credit or debit card payments and other alternative methods such as e-wallets. Each has its peculiarities, which we will analyze below.

Bank transfers are a fast and secure method . Nowadays, all banks encrypt information to maintain the security of their customers. At HotForex there are no maximum limits for deposits and withdrawals, but the minimum is USD 100 for each case. While the platform does not charge commissions, banks may incur various fees.

As for the cards, on this platform they are only used to deposit , not to withdraw, and the only option is MasterCard. The minimum deposit limit is $5 and the maximum is $10,000. No commission is charged, and the times are usually very summary. However, other brokers deploy more card options, such as the case of the platform BDSwiss .

Alternative methods are great for trading with real money online. These options include virtual wallets like Skrill and Neteller , which are products developed by the Paysafe firm. At Neteller, the minimum deposit is $5; at Skrill, $10. In both cases, the maximum limit is $10,000.

However, Skrill is not available as a withdrawal method , but only by deposit. One of the ideal means to use here, as indicated by many of the reviews about HotForex, is FastPay.

License

As we have already warned, safety is the most important factor for evaluation from an investment intermediary. All capital goes through their platform, so it is essential to be able to trust their transaction and management systems. In the case of HotForex, there is nothing to worry about.

The FCA license accounts for both data protection as of the system productivity . This is substantial: thanks to this certification, we can have the guarantees that our investments will circulate through the legal channels of the field. However, this is not the only operator's credential.

Are you wondering if Hotforex is a scam? To clear up any doubts, HotForex presents several certifications. Among them, that of the Dubai Financial Services Authority (DFSA) . This certification allows it to operate in the Middle East, which gives substantial expansion to both the company and its available markets.

Other licenses are those of the Seychelles Financial Services Authority (FSA) and the Financial Sector Authority of South Africa (FSCA). It seems to us that this documentation is more than enough proof to be able to trust the operator e risk-free investing .

On our website we take security very seriously. We believe it is our commitment to the financial industry. That's why we only recommend operators that fit all the international virtual security protocols , such as HotForex and others of good name, among which we place a 24 Option .

Customer service

In the field of online investments, it is very important that the operator presents effective and practical communication channels . All doubts must be able to be resolved quickly. That is why we stop in this section and devote a few words to the HotForex contact methods.

Their customer service is excellent, you will love HotForex! The opinions are very positive and customers have numerous channels at their disposal. The most direct method is to communicate through the form that appears in the section 24/5 contact in the toolbar . The answer arrives within 24 hours.

Another of the methods is the e-mail address . Here are several options depending on the case. For New Zealand customers, we suggest contact in New Zealand via email [email protected] . However, when writing to [email protected] you can also get an answer in New Zealand.

The telephone operators are located in the United Kingdom and are only available in English. The only service of this type in New Zealand is the one located in Colombia, whose number is +57-23896018. We advise it only in cases of extreme need, as it includes expenses for international calls .

Web performance

When investing in the online stock market, we hope that the server has optimal functionality . This implies that it has no connectivity failures and that it offers all the market information in real time. That's why we consulted several HotForex reviews to find out more about their website.

The conclusion we have reached is that the broker has a very complete and excellent performance page . In addition, it is very easy to explore. In its top bar it presents the main options, among which we highlight the les category.security ternationalamong which we highlight the categorical. rex to find out more.security ternationals les.security ternationalamong which we highlight the categorical. rex to find out more.safety ternationalproducts. All the available investment possibilities are detailed there.

In that same toolbar there are other of the most elementary functionalities: Accounts, as there are other of the most Platforms and Tools functionalities, among others. In that last one there is very useful information about economic calculators and various products that enhance the experience e n online investments .

We also recommend exploring the Training section. There is a huge amount of useful material there. We highlight the webinars and explanatory videos, which serve as an introduction to finance. Many of the opinions about HotForex they also highlight the forex courses , where he delves into that topic.

Investments from mobile

Like any quality trader, the HotForex broker it offers the possibility of investing from the mobile . This is no longer a novelty: most of the human practices have found a place in this device. That's why the operator's app is available for both iOS and Android.

This app has the same security credentials than the website. So, when entering, you will be able to find the stamps of the financial authorities that we have mentioned. Is Hotforex a scam? It is not any fraud or scam, it even offers guarantees even in investments from mobile.

We believe that the main advantage of using the phone to invest has to do with the practicality of using HotForex. This app allows you to receive relevant notifications and so be aware all the time about the vicissitudes of the market. In this way, investments become more dynamic.

In the same sense, when investing from the mobile you have the freedom to take care of business from anywhere, anytime . It is no longer necessary to depend on the computer, because the app is available whenever we need it. Another advantage of connectivity.

Finding

Our feedback is fully positive in the case of HotForex. The opinions of their customers go in the same vein. We believe that this broker gives all the samples of reliability that we demand from an investment broker in the stock market. HotForex combines security with the possibility of making significant profits.

What we highlight in the first instance are their official licenses, issued by prestigious authorities of world finance . As we have developed in the body of our report, these certifications include entities such as the British FCA and other equally relevant institutions. We would not risk investing without these guarantees.

In addition, through these licenses we can verify that HotForex uses productive mechanisms to carry out the investments. Other operators may use parasitic schemes that do not put their clients' capital into circulation. That does not happen here, because we have the certainty that the assets enter the financial circuit.

We also value the positive comments of the platform's own users, who show signs of having achieved a sustained profitability with investments . Of course, this is not a guarantee of immediate success, because the stock market requires study and dedication. Nevertheless, it is an encouraging point.

In sum, it seems to us that HotForex meets our expectations - proposes safe investments and controlled by financial authorities. It also offers training tools that allow its clients to improve themselves in this area. Everything is given to succeed in investments.

FAQ: frequently asked questions

In this section we will comment on the main questions that our readers send us. We have noticed that many investors have the same doubts, and we are confident that our answers will be useful to everyone . We hope to be of help on your way to stock market investments.

👍 What is HotForex?

This is a online investment broker . This means that he officiates as intermediary between supply and demand . For this service he charges a margin, called pip, which is the difference between the purchase and sale price of an asset. As all reviews indicate, HotForex is a regulated and reputable trader.

💰 What are the commissions and fees of HotForex?

In general, there are no commissions on HotForex . In any case, each payment method will have its own policy on fees for deposit or withdrawal expenses. This depends on each medium, which include bank transfers, credit and debit cards and e-wallets. We suggest consulting the conditions of each medium before linking them with the broker.

🧐 How does HotForex work?

This operator shows signs of working through the productive and legal channels of finance. This means that the clients' capital is put into circulation , and is not stored for speculative purposes. This is indicated by the licenses of the international authorities that certify it, such as the Financial Conduct Authority of the United Kingdom, among others.

👨 How to invest in HotForex?

It is not nothing complicated invest in HotForex. The first step is to create an account on the platform, which is done through the strict protocols. This implies the protection of customers' personal data. Then, it is necessary to make a deposit of money, which is made through one of the means of payment available.

🤨 Is HotForex reliable?

This platform is the most reliable. We can give an account of this by the presence of their official licenses, such as the one from the FCA , which point out that the company conforms to all the financial laws . Thus, the operator has the permission to offer its services both in New Zealand and in many other countries.

₿ Is it possible to invest in cryptocurrencies with HotForex?

HotForex presents some opportunities with cryptocurrencies, but does not specialize in this asset . The cryptocurrencies they are a substantial element of current investments, but not all operators have included them among their products. The asset in which this broker specializes the most is forex, that is, international currencies.