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HotForex

Updated

4 months ago

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Our experts continuously verify this page to provide the most accurate and current information.

Last updated on September 12, 2025

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HotForex

HotForex

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0 people chose this broker

Foundation date:

2010

Minimum deposit:

$0

NBP:

Yes

Inv Prot:

Partially

Not Available
Unfortunately, this broker is not available to residents of United States.
Why choose HotForex

HFM (formerly HotForex) is a multi-regulated broker founded in 2010, offering MT4/MT5, multiple account types and broad market coverage. Minimum deposits vary by account and region (some accounts list no minimum), and the group applies Negative Balance Protection. Investor compensation depends on the contracting entity (e.g., ICF under CySEC in the EU). Always verify which HFM entity you contract with before funding.

Pros

  • No minimum deposit on select accounts.
  • Group-wide Negative Balance Protection.
  • MT4 & MT5 with broad instruments coverage.
  • Multiple account types with regional conditions.

Cons

  • Investor compensation varies by entity (ICF in EU; may be none elsewhere).
  • Leverage and fees differ by region and account type.
Comparing HotForex with Other Top Brokers in United States
Not Available

HFM’s fee structure is competitive across account types. The Zero Account offers raw spreads with a per-lot commission, while Premium accounts bundle costs into the spread. Values below are typical reference figures for comparison; actual pricing may vary by entity, account type, and market conditions.

Pros

  • Zero Account with raw spreads and low per-lot commissions.
  • Very tight typical spreads on major FX pairs.

Cons

  • Actual spreads and swaps vary by entity and market hours.

Against peers, HFM’s Zero pricing is aggressive on top FX pairs, while index and US stock-CFD typical spreads are broadly in line with mainstream competitors. Always confirm live quotes and contract specifications under your contracting entity.

FX fees
Broker
HotForex — Best
Tickmill — Best
Pepperstone — Best
Index CFD fees
Broker
HotForex — Best
Tickmill — Best
Pepperstone — Best
Stock CFD fees
Broker
HotForex — Best
Tickmill — Best
Pepperstone — Best
Deposit & Withdrawal, Inactivity Fee
Broker
HotForex — Best
Tickmill — Best
Pepperstone — Best

HotForex FX commission per lot: $3.00

Fees can differ by regulatory entity and account type. Zero accounts combine raw spreads with a per-lot commission; other accounts embed costs into the spread. Check your entity’s official Cost & Charges and Contract Specs for the latest numbers.

Pros

Cons

Is HotForex regulated?
Is HotForex safe?

How you are protected

Find your safe broker

HFM supports mainstream funding channels with no deposit fees on HFM’s side. Core options include bank transfer, credit/debit cards, and popular e-wallets (Skrill, Neteller), with near-instant processing for cards/e-wallets and longer clearing times for bank wires. Availability and limits can differ by regulatory entity and client region—always check the funding page of your contracting entity.

Deposits: Cards and e-wallets are typically processed within minutes, while bank transfers can take 2–7 business days. HFM advertises no deposit fees; however, banks or payment processors may charge their own fees or FX conversion costs.

Pros

  • No deposit fee on HFM’s side.
  • Fast card and e-wallet deposits (near-instant in most cases).
  • Clear routing rules for card refunds; 24/7 processing of requests.

Cons

  • Bank transfers take 2–7 business days to clear.
  • Third-party processors/banks may charge transfer or conversion fees.
  • Method availability and limits differ by entity/region.
Account Base Currencies
HotForex Base Currencies
USDEURGBP

Withdrawals: HFM states no withdrawal fees on their side; third-party transfer fees may apply. Card withdrawals usually return to the original card (within scheme limits), with any excess amounts sent via bank transfer. Processing is available 24/7; requests submitted before the daily cut-off are typically handled the same business day.

Broker Number of Base Currencies
HotForex 3
Tickmill 5
Pepperstone 6

Base currencies: Commonly offered account currencies include USD, EUR, and GBP (availability varies by entity/account type). Selecting your primary balance currency can reduce conversion costs on deposits and withdrawals.

Methods overview: Bank transfer offers the highest limits but is the slowest option. Cards provide fast funding, while Skrill/Neteller are convenient for small to medium transfers.

Deposit Options
Broker
HotForex
Tickmill
Pepperstone
Withdrawal Options
Broker
HotForex
Tickmill
Pepperstone
Method Details Comparison
Legend: Supported Not supported
Broker Supported Deposit Time Withdraw Time Deposit Fee Withdraw Fee Notes
HotForex
Tickmill
Pepperstone

Good to know: Method availability, minimums/maximums, and cut-off times vary by entity (EU/UK/International). Review your region’s Funding and Withdrawal FAQs before initiating a transfer.

HFM offers a streamlined onboarding with online registration, KYC verification, and funding. Account availability and conditions vary by entity; many regions list no minimum deposit for Cent, Premium and Zero, while Pro and Premium Pro have higher thresholds. Choose the account that matches your fee preference (raw spread + commission vs. all-in spread) and verify conditions under your contracting entity.

Pros

  • Fast online registration and KYC.
  • Multiple account options (Cent, Zero, Premium, Pro, Premium Pro).
  • No minimum deposit on Cent, Premium and Zero in many regions.

Cons

  • Requirements and eligibility differ by entity/region.
  • Higher minimum on Pro and Premium Pro where offered.
Can you open an account?
Availability icon

Unfortunately, this broker is not available to residents of United States.

Not Available
Unfortunately, this broker is not available to residents of United States.

Cent — Cent lots, no commission, no stated minimum deposit; spreads from ~1.2 pips. Zero — Raw spreads with per-lot commission; no stated minimum deposit; typical EURUSD 0.1 on ZERO. Premium — All-in variable spread; often no minimum deposit. Pro — Tighter spreads from 0.5 pips; minimum deposit around $100. Premium Pro — Professional tier; minimum deposit $5,000; spreads from 1 pip (per EU page).

Available account types at HotForex
Account Name Min Deposit Spread from
Cent 0 1.2
Zero 0 0.1
Premium 0 1.4
Pro 100 0.5
Premium Pro 5000 1
How to open your account

You can open an account in the following steps:

  • : Register online with personal details.
  • : Verify identity and address (KYC).
  • : Fund the account and choose base currency.
  • : Select Cent/Zero/Premium/Pro/Premium Pro as available under your entity.
  • : Start trading on MT4/MT5/HFM Platform.

Product HotForex Tickmill Pepperstone
Forex (#) 102 55 0
Stocks (#) 950 1200 0
Indices (#) 11 0 0
CFD (#) 0 321 0
Funds (#) 0 0 0
Futures (#) 0 44 0
ETF (#) 0 55 0
Commodity (#) 13 33 0
Bonds (#) 3 0 0
Options (#) 0 44 0
Cryptos (#) 7 33 0
Can you trade a specific instrument?

Broker

Instrument (symbol)

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This table compares trading platforms (desktop & mobile) offered by each broker.
Platform HotForex Tickmill Pepperstone
HFM App (iOS/Android)
MetaTrader 4
MetaTrader 4 Mobile
MetaTrader 5
MetaTrader 5 Mobile
TradingView
TradingView Mobile
Web Trader
cTrader
cTrader Mobile
Platforms Offered by HotForex
MetaTrader 4 MetaTrader 5 HFM App (iOS/Android) MetaTrader 4 Mobile MetaTrader 5 Mobile
Desktop Platforms
MetaTrader 4

MT4 remains a popular choice for FX and CFD trading due to its rich indicator/EAs marketplace and low hardware requirements. Ideal for discretionary and automated strategies.

Pros

  • Lightweight and widely supported by third-party tools.
  • Extensive EA (Expert Advisor) ecosystem.
  • Low resource footprint for multi-chart layouts.

Cons

  • Legacy interface compared to newer platforms.
  • No native support for some modern asset classes.
MetaTrader 5

MT5 expands beyond FX with broader product coverage and faster backtesting. Suitable for traders who want multi-asset exposure and updated tooling.

Pros

  • Multi-asset support with depth of market (DOM).
  • Improved strategy tester and additional timeframes.
  • Netting and hedging modes available.

Cons

  • EA portability from MT4 requires refactoring.
  • Heavier resource usage than MT4 on older PCs.
Mobile Platforms
HFM App (iOS/Android)

The HFM mobile app combines account funding, basic charting and trade execution for on-the-go management.

Pros

  • Account management, funding and trading in one place.
  • Push notifications for price alerts and updates.

Cons

  • Smaller screen real estate vs. desktop charts.
MetaTrader 4 Mobile

MT4 Mobile offers quick access to FX/CFD markets, with essential tools for trade monitoring and basic analysis.

Pros

  • Fast execution with familiar MT4 layouts.
  • Dozens of built-in indicators and watchlists.

Cons

  • Limited customization compared to desktop.
MetaTrader 5 Mobile

MT5 Mobile supports multi-asset trading with improved charting and built-in calendar, suitable for active monitoring and simple execution.

Pros

  • Expanded symbol coverage and order types.
  • Economic calendar and enhanced chart objects.

Cons

  • Advanced backtesting not available on mobile.

Pros

Cons

This table compares the educational resources provided by each broker. It covers the availability of tutorials, courses, webinars, and other learning materials.
Education Resource HotForex Tickmill Pepperstone
Learning Center
Webinars
Tutorials & Guides
Video Courses
Demo Accounts & Simulators

This section compares key research tools like advanced charting, news feeds, sentiment indicators, and other insights offered by each broker.
Research Tool HotForex Tickmill Pepperstone
Economic Calendar
Market News Feed
Sentiment Analysis
Advanced Charting
AI-Powered Insights
Backtesting Engine
Expert Commentary
Tools for Every Trader
💡 Pro Tip: AI-driven insights, real-time sentiment, and expert commentary can give you an edge in volatile markets.

Pros

  • No pros added.

Cons

  • No cons added.
Learn how to use research tools effectively →

No unique innovation or extra features were enabled for this broker.

Innovation in trading platforms helps elevate broker competitiveness. Tools like proprietary dashboards, mobile UX, gamification, and API integration offer a more advanced and flexible user experience.

Pros

Cons

This section can be expanded later for user reviews, ratings, or testimonial integration.

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John Doe

Trading • Safety • Market Analysis

Author of this review

I bring extensive financial expertise as one of TradeSmarty's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance.

Everything you find on TradeSmarty is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback.

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