Founded in 2010, HotForex is regulated in one tier-1 jurisdiction and three tier-2 jurisdictions, making it a safe broker (average-risk) for forex and CFDs trading.
HotForex is a broker with good reputation and regulations. The offering is user friendly, with large portfolio for Forex and CFDs, fees are considered low and there is good education section suitable for beginning traders.
On the other hand, HotForex has limited portfolio for EU clients, and only Forex and CFDs are offered.
HotForex was founded in 2010 and operates as a unified brand of the HF Markets Group, operating primarily in Europe via its CySEC regulator, in St. Vincent & the Grenadine via IBC, and in South Africa via FSP.
It has gained significant popularity in various emerging regulatory hubs such as Seychelles, South Africa, Mauritius, and St. Vincent and The Grenadines.
HotForex relies on the popular MetaTrader platform to carry out all operations, offering over 150 different instruments to work with, including shares, bonds, CFD’s, commodities, forex, cryptocurrencies, and indices.