HotForex Rating, Review HotForex

HOTFOREX RATING REVIEW

-FOREX BROKER RATING {80.3%}

HotForex is member of the HF Markets Ltd. Group which is a very large group and a Top-100 World Finance Company.  HotForex was found in 2008 and is regulated by the Financial Services Commission (FSC) and CySEC, it is also registered with numerous of European Regulatory Bodies. The broker has won 14 Forex industry awards and maintains a huge client base from all around the world.

HotForex accounts start as low as $5 and traders can use various methods for funding them. Methods include Cards, Wire, MoneyBookers, Neteller, SOFORT, WebMoney and Western Union. There is also a zero-spread trading account and the Currenex account. For individual traders who wish to apply scalping or news-trading strategies the Currenex account is a very good choice. The Currenex account many be opened with as little as $500 and offers the best spreads and the fastest execution. The maximum capital leverage when trading with HotForex can be up to 888:1. HotForex is a Straight-Through-Processor (STP) Forex broker offering a very wide asset index. The asset index contains 50 Forex pairs, many world shares, indices, energy etc. The HotForex platforms include the popular Metatrader4 platform plus the MetaTrader-4 multi-terminal for managed accounts. There is also a Web-Trader platform for Forex beginners plus mobile apps for iPhone, Android and BlackBerry. Automated trading, scalping and hedging are all allowed by HotForex. HotForex offers also a free VPS hosting service to all clients depositing and maintaining more than 5,000USD. This free service allows trading 24/5 without the PC turned on. This is an essential service for trading using Expert Advisors and a good deal as this service original cost was $360/monthly. HotForex spreads are average for mini accounts but they are considerably improved in CurreneX and upper account types.

The HotForex customer support is reliable and operates in 24/5 basis via Live Chat, Phone or eMail. The HotForex website offers more than 25 languages. The customer service is multi-lingual too covering Arabic, Chinese, English, German, Greek, Hindi, Japanese, Korean, Persian, Russian and Spanish. As concerns trading promotions there is welcome bonus promotion up to 100% for all new traders plus loyalty bonus and other promotions. In overall, HotForex is a broker for all types of traders including advanced and professional traders. The FIX/API platform and the PAMM Multi-Terminal including the Free VPS Hosting service make HotForex an ideal solution for scalping Forex and for using Expert Advisors. HotForex traders can enjoy high-end technology, good customer service, safety of money, good trading terms, a wide asset index and a wide range of other trading options.

HotForex Trading Platforms

  • Minimum Account: 10 USD
  • Fund Methods: Cards, Wire, Neteller, SKRILL, SOFORT, WebMoney, Western Union, TrustPay, iDeal, 
  • Account Currencies: US dollar | Euro
  • SWAP-Free Accounts: Yes
  • Platforms: MetaTrader4 | WebTrader | FIX-API | MT4 Multi-Terminal | Mobile Apps for iPhone, Android, PAD and Blackberry
  • Forex Index: HotForex offers 45+ Forex pairs
  • Metals: GOLD | SILVER {VS USD and VS EURO) plus Platinum and Palladium
  • Energy: US OIL | UK OIL
  • Commodities: Coffee, Copper, Corn,  Sugar, Wheat
  • Shares: Many shares from all over the world
  • Indices: USA100, USA30, USA500, AUS200, FRA40, GER30, HKG33, ITA40, SPA35, SUI30, UK100
  • Customer Support: Live Chat, Phone, eMail,
  • Support Languages: English | Arabic | Chinese | German | Greek | Hindi | Japanese | Korean | Persian | Russian | Spanish

HF Social

Here is the HotForex Rating Summary

» HOTFOREX WEB

HOTFOREX RATING SUMMARY  
Based on the Main Rating Table (MAX 100%)
A. HOTFOREX FUNDS SAFETY 63.6%
B. HOTFOREX TRANSACTION COST 67.9%
C. HOTFOREX TRADING OPTIONS AVAILABLE 97.1%
D. HOTFOREX TECHNOLOGY 97.5%
Overall HotForex Rating 80.3%
RATING PER TRADING EXPERIENCE  
Based on HotForex Sub-Formulas (MAX 100%)
Forex Beginners 83.1%
Advanced Forex Traders 84.8%
Professional Forex Traders 82.8%
Overall HotForex Rating 80.3%


» HOTFOREX WEB-SITE

 

HOTFOREX FULL RATING REVIEW

This is the full HotForex Rating Report using the Rating Formula v4.1 (under authorization)

HOTFOREX FOREX RATING REPORT    
HOTFOREX TOTAL RATING   100.0% HotForex Broker
      80.3% ANALYSIS
A. HOTFOREX FUNDS SAFETY MAX WEIGHT 26.0% 16.5% HotForex Safety of Funds Rating
A.1 HotForex Regulation FSC (BVI) = 1.0% rating | CYSEC (Cyprus) = 3.0% rating | FFMS (RU) = 3.0% rating | RAFMM (RU) = 3.0% rating | CBI (IR) = 4.0% rating | ASIC (AU) = 4.0% rating | FSC (NZ) = 4.0% rating | FSA (UK) = 6.0% rating | BAFIN (GE) = 6.0% rating | NFA (US) = 6.0% rating | CFTC (US) = 6.0% rating | FINMA (SW) = 8.0% | and MiFID (EU) = +4.0% rating 12.0% 7.0% Regulated by CySEC = 3% rating, MiFID = +4%, Total Rating = 7.0%
A.2 HotForex Headquarters Offshore Countries = 0% | Cyprus and similar = 2.0% rating | Spain, Italy and similar = 3.0% rating | Australia and similar = 4.0% rating | USA, Germany, UK, Switzerland and similar = 5.0% rating 5.0% 2.0% Headquarters in Cyprus = 2.0% rating
A.3 HotForex Years of Operation 0-1 Years Operation = 0 % rating | 2-5 Years Operation = 2.0 % rating | 5-10 Years Operation = 4.0 % rating | 10+ Years Operation = 5.0 % rating 5.0% 4.0% Foundation in 2007 (Operation between 5-10 years) = 4.0% rating
A.4 HotForex Client Bank Account Segregation Yes Provided =  2.0 % rating | No it isn't Provided = 0.0 % rating 2.0% 2.0% Segregated client accounts = 2.0% rating
A.5 HotForex Web Ratings (Used for differentiating rating results) EarnForex Rating = 1.0 % rating | ForexPeaceArmy Rating = 1.0 % rating 2.0% 1.5% ForexPeaceArmy = 3.963 | EarnForex 7.4 / 10.0 | Total = 1.53% rating
A.6 (+) HotForex ADJUSTMENTS        
A.6.1 Company Size Factor 1+ Million of Active Traders = +1.0 % rating 1.0% 0.0% No = 0%
B. HOTFOREX TRANSACTION COST MAX WEIGHT 28.0% 19.0% HotForex Transaction Cost Rating
B.1 HotForex EURUSD Spread < 0.3 pip = 8.0% rating | <0.4 pip = 7.5% rating | < 0.5 pip = 7.0% rating | <0.6 pip = 6.5% rating | <0.7 pip = 6.0% rating, | <0.8 pip = 5.5% rating | <1.0 pip = 5.0% rating | < 1.25 pip = 4.5% rating | < 1.5 pip = 4.0% rating | <1.75 pip = 3.5% rating | >2 pip = 3.0% rating | < 2.5 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% rating 8.0% 3.0% EUR/USD Fixed Spread at 1.8 pip = 3.0% rating
B.2 HotForex GBPUSD Spread < 1.0 pip = 5.0% rating | <1.25 pip = 4.0% rating | < 1.5 pip = 3.0% rating | < 1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.25 pip = 1.5% rating | < 2.5 pip = 1.0% | < 3 pip = 0.5% 5.0% 1.0% GBP/USD Fixed Spread at 2.5 pip = 1.0% rating
B.3 HotForex USDJPY Spread < 1.0 pip = 4.0% rating | <1.25 pip = 3.5% rating | < 1.5 pip = 3.0% rating | <1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% 4.0% 2.0% USDJPY Fixed Spread at 1.8 pip = 2.0% rating
B.4 HotForex Trading Commissions Charged No Commissions = 7% rating | Commissions < $5 / lot = 3% rating | Commissions < $8 / lot = 1% rating | Higher Commissions = 0% rating 7.0% 7.0% No commissions on the accounts we tested the above spreads = 7.0% rating
B.5 HotForex Funding Commissions No Funding Fees = 2.0 % rating | Yes = 0 % rating  | One Free Withdrawal Per Month = 0.5 % rating 2.0% 2.0% No Withdrawal Commissions = 2.0% rating
B.6 HotForex Maintenance / Inactive Fees No Maintenance / Inactive Fees = 2.0 % rating | Yes Maintenance / Inactive Fees = 0 % rating 2.0% 2.0% No Inactive Fees / Commissions = 2.0% rating
B.7 (+) HotForex ADJUSTMENTS        
B.7.1 HotForex Execution ECN / DMA Execution = +2.0 % rating | STP Execution = +1.5 % rating | Dealing Desk Execution = +0.0% rating 2.0% 2.0% ECN / STP Forex Broker = 2.0%
C. HOTFOREX TRADING OPTIONS AVAILABLE MAX WEIGHT 26.0% 25.3% HotForex Trading Options Rating
C.1 HotForex Index of Forex Assets 45+ Forex Pairs = 8.0% rating | 40+ Forex Pairs = 7.0% rating | 35+ Forex Pairs = 6.0% rating | 30+ Forex Pairs = 5.0% rating | 25+ Forex Pairs = 4.0% rating | 20+ Forex Pairs = 3.0% rating | 15+ Forex Pairs = 2.0% rating | 10+ Forex Pairs = 1.0% rating | Less than 10 Forex Pairs = 0% rating 8.0% 7.0% Forex asset index containing 43 pairs = 7.0% rating
C.2 HotForex CFD Trading Yes CFD Trading = 2.0 % rating | No CFDs = 0.0 % rating 2.0% 2.0% CFDs trading = 2.0% rating
C.3 Availability of Free Demo Account Yes = 2.0 % rating, No = 0.0 % rating 2.0% 2.0% Demo account availability = 2.0 rating
C.4 HotForex Capital Leverage Leverage > 100:1 = 2.0% rating | Leverage > 75:1 =1.5% rating Leverage > 50:1 = 1.0% rating 2.0% 2.0% Capital Leverage up to 1,000:1 = 2.0% rating
C.5 HotForex Promotions   6.0% 6.0%  
C.5.1 HotForex Welcome Bonus (%) Welcome Bonus >50% = 6% rating | Welcome Bonus >40% = 5% rating | Welcome Bonus >30% = 4% rating | Welcome Bonus >20% = 3% rating | Welcome Bonus >15% = 2% rating | Welcome Bonus >10% = 1% rating   6.0% Welcome Bonus up to 50% | Traders can withdraw it {100% rating} = 6.0% rating
C.5.2 HotForex Trading Rebate (%) Trading Rebate >30% = 6% rating | Trading Rebate >25% = 5% rating | Trading Rebate >20% = 4% rating | Trading Rebate >15% = 3% rating | Trading Rebate >10% = 2% rating | Trading Rebate >5% = 1.0% rating   4.0% Automated Rebates (about 20%) = 4.0% rating
C.6 HotForex Minimum Account Min Account < $500 = +1% rating | Min Account < $1,000 = +0.5% rating 1.0% 1.0% Minimum Acccount is just $1 = 1.0% rating
C.7 HotForex Deposit Methods For every available deposit method = 0.5% rating max = 5 methods 2.5% 2.5% 5+ fund methods = 2.5% rating
C.8 HotForex Withdrawal Methods For every available withdrawal method = 0.5% rating max = 5 methods 2.5% 2.5% 5+ fund methods = 2.5% rating
C.9 (+) HotForex ADJUSTMENTS        
C.9.1 Asset Index with more than 100 Forex Pairs Yes more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.0% No = 0%
C.9.2 Interest on Unused Funds Yes Interest on Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.0% No = 0%
C.9.3 HotForex Contests / Championships Yes Available = 0.25 % rating | No = 0 % rating 0.25% 0.25% Often Trading Contests = +0.25% rating
D. HOTFOREX TECHNOLOGY MAX WEIGHT 20.0% 19.5% HotForex Technology Rating
D.1 HotForex Trading Platforms Availability For every Trading Platform = 1.0% rating max = Five (5) platforms 5.0% 4.0% 4 Platforms (MT4, MT4 Multiterminal, WebTrader, FIX trading platform) = 4.0% rating
D.2 HotForex Slippage on Execution Slippage  < 0.5 pip =  4.0% rating | < 0.75 pip =  3.5% rating | < 1 pip = 3.0% rating | < 1.25 pip =  2.5% rating | < 1.5 pip = 2.0% rating | < 1.75 pip =  1.5% rating | < 2.0 pip = 1.0% rating 4.0% 3.5% Slippage at 0.55 pips = 3.5% rating
D.3 HotForex Allowance of Automated Trading Yes it is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.0% Automated trading is allowed = 2.0% rating
D.4 HotForex MT4 Platform Availability Yes it is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.0% MT4 and MT4 multi-terminal = 2.0% rating
D.5 HotForex Mobile Trader Availability For every Mobile Device = 0.50 % rating, max = Four (4) mobile devices  2.0% 2.0% Four (4) mobile apps {iPAD, iPhone, Android, BlackBerry} = 2.0% rating
D.6 HotForex Scalping / Hedging Allowance Yes to both = 1.0 % rating | Only Hedging or Scalping = 0.5% rating | No to both = 0 % rating 1.0% 1.0% Both are allowed = 2.0 rating
D.7 HotForex Customer Support 24/7 Customer Support = 1.0 % rating | 24/6 Customer Support = 0.5 % rating | 24/5 Customer Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0 % rating | Skype support = 0.5 % rating | Call-Back = 0.5 % rating 4.0% 4.0% Customer support 24/5=0%, email, phone, callback, Live Chat | Total Rating = 4.0%
D.8 (+) HotForex ADJUSTMENTS        
D.8.1 HotForex PAMM / MAM Accounts Yes PAMM / MAM = 0.5% rating | No = 0 % rating 0.5% 0.5% PAMM / MAM Accounts = +0.5% rating
D.8.2 HotForex Availability of API Trading Yes to API trading = 0.5 % rating | No API trading not available = 0.0 % rating 0.5% 0.5% API trading is an option = +0.5%
    TOTAL HOTFOREX RATING  80.3%   

 

HotForex (HF Markets Europe Ltd.) Licenses and Authorizations

(1) HF Markets Europe Ltd. is authorized and regulated by the Cyprus Securities Exchange Commission (License Number 183/12) and holds a cross-border license, authorizing the company to provide investment services internationally.

(2) HF Markets Europe Ltd is a member of Association of Cyprus International Investment Firms (ACIIF). The Association of Cyprus International Investment Firms (ACIIF), is a representative body of Cyprus Investment Firms (CIF's). All members of ACIIF are licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).

(3) HF Markets Europe provide banking through Barclays UK and BNP Paribas.

(4) Client funds are received in the company's fiduciary segregated client bank accounts. These funds are off balance sheet and cannot be used to pay back creditors in the unlikely event of default of the Company. Therefore Company Funds are segregated from Client Funds.

(5) HF Markets Europe Ltd. is a member of the Investor Compensation Fund. The Fund was established under the Investment Firms (IF) Law 2002

 

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HotForex Rating -Review HotForex

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Note: The above HotForex Rating was made using the TradingCenter Rating Formula v4.1 under authorization

Rating Formula Concept by George M. Protonotarios, MSc “International Banking and Finance”