HotForex Overview

HF Markets is an award winning forex broker with 10 years market presence. They have over 2 million live opened accounts.

HF Markets are highly regulated by different Authorities and provide their customers different account options, trading platforms, tools and services.

The company is actively participating in different charity organizations like ReCross, Sos Children Villages Mauritius, UNICEF and other.

Account Types

There are four customer account types:
Premium account has $100 minimum deposit, variable spreads from 1 PIP and maximum 300 simultaneous open orders.

Zero Spread account with minimal deposit of $200, close to 0 PIP spreads and 500 allowed at the same time open orders.

HFCOPY account has social trading functions where clients can copy professional trades’ transactions. There is €1000 minimum deposit for Strategy provider and €300 for Follower.

Premium Pro account has $500 minimum deposit, 1:400 maximum leverage and variable spreads from 1 PIP.

Trading Platform

HF Markets provides the MetaTrader4 platform. MT4 is one of the most popular trading platforms in the world and is used by most forex brokers.

The advantages of MT4 are that it is very easy to use and allows you to access custom scripts. There is also a mobile application and a web browser version.

However, there are some disadvantages. Meta Trader has a very outdated user interface.

Deposit & Withdraw

HF Markets offers a wide variety of deposit and withdrawal options. A big advantage is the lack of commissions.

A deposit can be made using bank transfer, credit cards and online payments. The minimum deposit is 50 dollars, except for bank transfer (250 dollars). Online payment options are Neteller, Skrill and Sofort Banking.

The minimum withdrawal is $5 and $150 for a bank transfer.

Markets

HF Markets provide access to wide range of trading instruments.

Cryptocurrencies like Bitcoin, Etherium, Litcoin and Ripple are available for leverage trading 24/7; large number of currency pairs is available with almost 0 PIPs spread; variety of precious metals like gold; the world leading indices CFDs

Customer Support

HF Markets provide a customer support via Life Chat, Email and Phone. They have also an additional phone numbers for their Spanish and German customers and another one for a Global Support.

Polish customers can use separate Email address for polish speakers poland@hfeu.com.

Safety

HF Markets are regulated by Cyprus Securities and Exchange Commission (CySEC), UK Financial Conduct Authority (FCA), Dubai Financial Services Authority (DFSA), South African Financial Sector Conduct Authority (FSCA) and Seychelles Financial Services Authority (FSA).

HF Markets provides insurance without additional costs their clients. Civil Liability insurance program with €5,000,000 limit safe clients against company liabilities and market coverage against errors, omissions, negligence, fraud and various other risks that may lead to financial loss.

Addition to that HF Market are using segregation of funds, when clients’ funds held in separate accounts from those used by the company. These funds cannot be used to pay back creditors in the unlikely event of the default of the Company.

Final Thoughts

HF Market is highly respectable financial service provider, which put a lot of efforts to safeguard their clients’ funds. The company provides different account types and a wide range of trading instruments.

Within the last 10 years HF Markets has become one of the market leaders with a certain amount of influence.