HotForex

HFM is a licensed global multi-asset broker providing trading services to both individuals and businesses. The company offers a wide range of trading instruments, including CFDs on Forex, commodities, bonds, metals, energies, stocks and indices. It provides services with leverage up to 1:2000, providing ultra-fast trade execution, fast deposits and withdrawals, and also offers swap-free accounts.

HFM has been providing services since 2010 and has achieved significant success since then, with over 2.5 million client accounts and over $2 billion in client deposits. The broker has 41,000 partners and offers more than 500 trading instruments.

Legal information about the company indicates that HF ​​Markets Group includes several legal entities registered in different jurisdictions. But these are mostly offshore territories, so we can talk about a low level of reliability and safety. The company is active in more than 180 countries, providing services with separate bank accounts for client funds. HF Markets Group has received over 60 industry awards, highlighting its achievements and credibility.

The organization’s mission is to provide high quality and affordable trading services to a wide range of clients around the world. The main goal is likely to be to provide a reliable and efficient trading platform, as well as to support traders at all stages of their trading activities.

If we consider the reliability of the organization, of course it’s worth starting with the fact that the HotForex broker does not have a license from the Central Bank of the Russian Federation. Accordingly, all statements regarding reliability and safety are empty words. The best solution for a trader would be to avoid interaction with this type of project. After all, no one is involved in regulating the activities of the service; it is logical that the broker can act as he wishes.

Terms of cooperation with HotForex

The HFM website offers different types of trading accounts, each designed to meet the needs of different types of traders.

• cent. Trading platforms: MetaTrader 4, Metatrader 5, Webtrader, Mobile trading. Floating spread. Spreads Pips: From 1.2 points. Account currency: USC. Contract size: 1 lot = 1000 units. Trading instruments: Forex, Gold. No minimum deposit. Leverage 1:2000;
• zero. Trading platforms: MetaTrader 4, Metatrader 5, Webtrader, Mobile trading. Floating spread. Spreads Pips: From 0 per currency. Account currency: USD, EUR, NGN, JPY. Contract size: 1 lot = 100,000 units. Trading instruments: All. There is no minimum limit;
• about. Trading platforms: MetaTrader 4, Metatrader 5, Webtrader, Mobile trading. Types of spreads: Floating. Spreads Pips: From 0.6 points. Account currency: USD, EUR, NGN, JPY. The minimum amount to start is $100;
• premium Platforms MetaTrader 4, Metatrader 5, Webtrader, Mobile trading, HFM. Spreads Pips: From 1.2 points. There is no limit for replenishing your balance.

Each of these accounts offers unique trading conditions to suit different trading styles and strategies. For example, the cent account is ideal for novice traders, offering low-volume trading with minimal risk. The Zero account offers zero spreads on currency pairs, which may be attractive to traders who prefer quick and frequent trades. It is important to note that trading leveraged products such as Forex and derivatives carries a high degree of risk of loss of capital. Traders should carefully evaluate their investment objectives and level of experience before trading and seek independent advice if necessary.

Financial operations

Regarding the supported directions for replenishing your account, there are bank transfers.The minimum deposit amount is $100. There is no maximum withdrawal amount set. Deposit time: 2 to 7 business days. Deposit fee: No fee for deposits over $100.

Credit cards – minimum amount is 5 dollars, maximum is 10 thousand dollars. Deposit time: up to 10 minutes. Account replenishment fee. Additional directions, replenishment amount from $5 to $30.

The site does not provide specific information about the conditions for withdrawing funds. Typically, withdrawals use the same methods as deposits, but different restrictions and fees may apply.

Format for communication with the false HFM project

The broker offers the following options:

• eemail;
• hotline;
• online chat. The HFM website has an online chat feature that allows you to get instant answers to your questions in real time. This is a convenient way to quickly communicate with support and receive prompt assistance.

These methods of communication in fact do not have any meaning, because if you believe the reviews about HotForex, managers do not contact you after replenishing your account.