Quick Summary
HotForex (HFM) is a multi-jurisdiction regulated broker with zero minimum deposit, 6 account types, copy trading, and 1,000+ instruments. Regulated by CySEC, FSA, FSCA, and DFSA. Ideal for traders who want account type variety and bonuses.
About HotForex
HotForex (now rebranded as HFM) is a multi-asset forex and CFD broker established in 2010, serving over 3.5 million clients worldwide. The broker is known for its wide range of account types, copy trading platform, and strong multi-jurisdiction regulation through CySEC (Cyprus), FSA (Seychelles), FSCA (South Africa), and DFSA (Dubai).
HotForex offers six account types to suit different trader profiles: Micro (cent lots, minimum deposit $0), Premium (spreads from 1.2 pips, minimum deposit $100), Zero (zero spread on major pairs, commission-based), Fixed (fixed spreads from 1.8 pips), Auto (for copy trading), and Super Zero (spreads from 0.0 pips with commission). This variety ensures there is an account type for every trading style and budget.
The broker supports MetaTrader 4 and MetaTrader 5 across desktop, web, and mobile. Over 1,000 instruments are available including forex, indices, commodities, metals, crypto, stocks, and bonds. HotForex also offers a popular copy trading service via the HFM Copy Trade app.
Client funds are segregated, negative balance protection is provided, and the broker maintains a client compensation fund that provides additional protection up to €5,000 for eligible clients. HotForex offers regular promotions including a 100% Supercharged Bonus and a 20% Rescue Bonus.
Customer support is available 24/5 in over 20 languages via live chat, email, and phone. Islamic (swap-free) accounts are available on all account types.
Account Types
Micro, Premium, Zero, VIP
Trading Platforms
MetaTrader 4, MetaTrader 5
Website
hotforex.com
Headquarters
Mauritius
Instruments
1,000+
Support Hours
24/5
Our Rating
The overall rating is based on our experts' review of regulation, fees, platforms, and support.
Why Choose HotForex?
- Zero minimum deposit on Micro account
- High leverage up to 1:1000
- Built-in copy trading platform
- 6 account types for different trader profiles
- Multi-jurisdiction regulation (CySEC, FSA, FSCA, DFSA)
- Client compensation fund up to €5,000
- Negative balance protection
- Segregated client funds
- Bonus programs (100% Supercharged, 20% Rescue)
- 20+ language support
What Could Be Better?
- Spreads wider than dedicated ECN brokers
- Limited crypto offering
- Inactivity fee after 24 months
- No cTrader support
- Bonus terms and conditions can be complex
Bonuses & Promotions
HotForex offers several bonus programs including a 100% Supercharged Bonus that doubles your deposit, a 20% Rescue Bonus that helps recover losses, and periodic trading competitions with real prize money. The broker also runs a refer-a-friend program. These bonuses are among the most generous in the industry, but come with volume requirements and terms that should be read carefully before participating. Bonus availability varies by jurisdiction.
Instruments Offered
Forex, Indices, Commodities, Metals, Crypto, Stocks, Bonds
Awards & Recognition
Risk Warning: Trading forex and CFDs involves significant risk and may not be suitable for all investors. Leverage magnifies both gains and losses. Never trade with funds you cannot afford to lose. Past performance is not indicative of future results. The information on this page is for educational purposes only and does not constitute financial advice.