HotForex, now rebranded as HFM (HotForex Markets), is one of the most popular online trading brokers, offering forex and CFD trading. But is HotForex the right broker for you in 2025? In this detailed review, we analyze its features, pros, cons, trading conditions, and customer feedback.
HotForex, now known as HFM, is a globally recognized forex and CFD broker that provides retail and institutional traders with access to a wide range of financial markets. Established in 2010, and has grown to become a reputable name in the industry.
Offers multiple trading platforms, including:
MetaTrader 4 (MT4) – Industry-leading platform with advanced charting tools.
MetaTrader 5 (MT5) – A more powerful platform with enhanced features.
WebTrader – A browser-based trading platform.
Mobile Trading Apps – Available for both Android and iOS.
Provides various account types to suit different trading needs. These include:
Minimum deposit: $5
Leverage up to 1:1000
Spread from 1 pip
Minimum deposit: $100
Leverage up to 1:500
Lower spreads compared to Micro Account
Minimum deposit: $200
No mark-up spread, only commission-based
Ideal for scalpers and high-frequency traders
Competitive spreads and low trading fees. Here’s a breakdown:
Forex Spreads – As low as 0.1 pips on major pairs.
CFD Trading Fees – No hidden fees, only competitive spreads.
Deposit & Withdrawal Fees – Most methods are fee-free.
Inactivity Fees – $5 per month after six months of inactivity
Regulated by multiple financial authorities, ensuring high safety standards. These include:
FCA (UK)
CySEC (Cyprus)
FSCA (South Africa)
FSC (Mauritius)
Diverse range of trading instruments, including:
Forex (Major, Minor, Exotic Pairs)
Commodities (Gold, Silver, Oil)
Indices (S&P 500, Nasdaq, Dow Jones)
Cryptocurrencies (Bitcoin, Ethereum, Ripple)
Stocks (Apple, Tesla, Amazon)
HotForex frequently offers trading bonuses and promotions, including:
100% Supercharged Bonus – Available for deposits of $250 and above.
30% Rescue Bonus – Helps traders recover from losses.
Loyalty Program – Earn Bars and redeem for cash.
✔ Tight spreads & low fees
✔ Multiple account types
✔ Advanced trading platforms
✔ Strong regulatory framework
✔ 24/5 customer support
❌ High leverage increases risk
❌ Limited cryptocurrency pairs
❌ Inactivity fees apply
Provides excellent customer support via:
Live Chat – Available 24/5
Email Support – Response within 24 hours
Phone Support – Multiple international hotlines
Visit the official website.
Click on “Open Live Account.”
Upload ID & proof of residence.
Use various deposit methods (bank transfer, credit card, e-wallets).
Choose your trading platform and start placing trades.
| Feature | HotForex | Exness | XM |
|---|---|---|---|
| Minimum Deposit | $5 | $1 | $5 |
| Spreads | From 0.1 pips | From 0.3 pips | From 1 pip |
| Leverage | Up to 1:1000 | Up to 1:2000 | Up to 1:888 |
| Platforms | MT4, MT5, WebTrader | MT4, MT5 | MT4, MT5 |
If you’re looking for a broker with low spreads, high leverage, and strong regulation, HotForex is a great choice. However, if you prefer lower leverage and more cryptocurrency trading options, you may want to consider alternatives.
HotForex (HFM) is a well-regulated, reliable broker with excellent trading conditions. Whether you’re a beginner or an experienced trader, provides the tools and resources needed for a successful trading journey.
Yes, regulated by multiple authorities, ensuring a secure trading environment.
The minimum deposit starts from just $5.
Yes, HotForex (HFM) provides a free demo account for practice trading.
Yes, but crypto options are limited compared to specialized exchanges.
