Formerly known as HotForex, now rebranded as HFM or HF Markets, this broker has been in the game since 2010. Over a decade later, the question remains—is Hot Forex still worth your time in 2025?
As trading conditions shift and new platforms emerge, this review takes a closer look at its spreads, tools, regulations, and more. A straightforward, unbiased guide that lays out the key facts. Keep reading to see if it still meets the mark.
What is Hot Forex? Full Overview of This Leading Forex Broker
Hot Forex rebranded as HF Markets, has been around since 2010 and is based in Cyprus. It serves millions of traders globally, operating under multiple regulatory bodies, including the FCA, FSCA, and CySEC.
According to HFM’s press release, the broker has won over 60 industry awards and claims to serve more than 2.5 million clients worldwide.
It offers tight spreads, access to the MT4 platform, high leverage, and various promotions. But with rapid changes in trading technology and rising competition, is Hot Forex still a relevant choice today—or just living off its reputation?
Let’s take a closer look.
Is Hot Forex Legit? Regulation, Safety & Legal Background Check
Hot Forex, now known as HF Markets, is a globally regulated broker with licenses from top-tier authorities like the FCA (UK) and CySEC (Europe). These bodies require strict compliance with investor protection rules and capital safeguards, making Hot Forex a credible choice for many traders.
It also holds licenses from the DFSA (Dubai) and CMA (Kenya). While the broker is registered in offshore zones like Seychelles and St. Vincent, its multiple strong regulations help offset risks often associated with such locations.
Is Hot Forex Regulated in South Africa?
Yes. Hot Forex has been fully licensed by the FSCA in South Africa under FSP number 46632 since 2016. This adds legal credibility and ensures local traders are protected under regional financial laws.
Read more: https://blog.tradersunited.org/10-regulated-forex-brokers-in-south-africa/
Is Your Money Safe?
Clients benefit from negative balance protection and, in some regions, a €5 million civil liability insurance. These safeguards aim to protect against losses from technical errors, fraud, or broker negligence.
So, is Hot Forex legit? With a solid regulatory track record and built-in safety features, it checks the key boxes. Still, always check which entity you’re registering under for full details.
Hot Forex Account Types and Respective Key Features
Hot Forex, aka HFM, provides several account types tailored for varying trading needs.
From low-volume beginners to more advanced strategies, each account comes with specific terms. Below is a summary of their core features:
Cent Account
The Cent Account is suitable for new traders or those testing smaller strategies. It has no minimum deposit and allows micro-lot trading starting from 0.01.
Spreads start at 1.2 pips with leverage up to 1:2000. Operates on Hot Forex MT4, MT5, and mobile platforms.
Zero Account
This account type offers raw spreads starting from 0.0 pips with a $6 commission per round turn. It’s often used for high-frequency or algo trading.
The HFM minimum deposit for the Zero Account is $0. Leverage is capped at 1:2000.
Pro Account
The Pro Account is ideal for traders seeking tighter spreads without commission charges. Spreads start at 0.6 pips.
The minimum deposit for the HFM Pro Account is $100. It supports trade sizes of up to 60 standard lots with a maximum leverage of 1:2000.
Premium Account
This is the default retail account with accessible terms. Spreads begin at 1.2 pips, and no commission is charged.
The HFM minimum deposit for the Premium Account is $0. It allows up to 300 open orders and offers leverage up to 1:2000.
Top-up Bonus Account
This account includes bonus offers tied to deposits. Spreads are slightly higher, starting at 1.4 pips. No minimum deposit is required.
Leverage goes up to 1:1000, with specific bonus conditions depending on ongoing Hot Forex promotions.
Copy Trading Account
This account is structured for users who want to follow or copy trades from signal providers.
The minimum deposit for Copy Trading starts around $100. It supports flexible lot sizes and access to performance data, with leverage of up to 1:400.
PAMM Account
Used for managed trading, this account allows investors to allocate funds to PAMM managers. Terms vary depending on the manager, but all standard trading instruments are available.
The HFM PAMM account does not have a fixed minimum deposit across all programs.
Islamic Account (Swap-Free)
Swap-free accounts comply with Sharia law and can be requested for Zero or Premium Accounts.
There are no overnight interest fees, but carry charges may apply after 7 days. Other trading conditions remain the same.
Hot Forex Trading Platforms: Features, Tools, and Download Guide
MetaTrader 4 (MT4)
MetaTrader 4 is a classic choice for traders using Hot Forex broker. It is known for its user-friendly interface and reliable performance. It includes over 50 technical indicators, Expert Advisor support, and flexible order types.
MetaTrader 5 (MT5)
MT5 builds on MT4 with upgraded analytics, 21 timeframes, and access to more financial instruments. It supports advanced order management, automated strategies, and in-depth market analysis.
HotForex Web Platform
This browser-based option is ideal for those who want to trade without downloading software. It offers real-time pricing, charting tools, and basic analytics, all presented in a clean, easy-to-navigate layout.
HFM Mobile App
The mobile app is designed for on-the-go traders, offering fast execution, charting tools, and market alerts. It supports full account management directly from Android and iOS devices.
Download Guide
To get started, visit the official Hot Forex platform download section and choose your preferred device or software version. All platforms are available for desktop, browser, and mobile.
Hot Forex Spread Comparison from Other Brokers
For a precise and up-to-date Hot Forex spread comparison, it’s best to check live rates using each broker’s official tools.
Still, here’s a quick overview comparing average spreads across Hot Forex, Exness, and FBS for 2025:
| Broker / Account | EUR/USD Avg Spread | GBP/USD Avg Spread |
| Hot Forex Zero Account | 0.0 pips (with commission) | ~0.4 pips |
| Exness Zero Account | 0.0 pips on major pairs, with commission of ~$3.50 per side | ~0.1 pips |
| FBS Standard Account | ~0.6 pips for EUR/USD | ~0.7 pips |
Read more: 5 Best 0-Pip Forex Spread of Forex Brokers in South Africa in 2025
Hot Forex Pros and Cons
Before choosing a broker, it’s important to weigh the pros and cons.
Below is a quick overview of what Hot Forex offers versus its limitations:
| Pros | Cons |
| Regulated by top-tier authorities like CySEC, FCA, FSCA, and DFSA | Inactivity fee is charged $5 per month |
| Low trading fees and spreads starting from 0 pips | No bonuses or promotions for EU clients |
| High leverage options up to 1:2000 | Premium Pro account requires a $5,000 minimum balance |
| Supports MT4, MT5, and HFM App across devices | Copy trading requires at least €300 to get started |
| Strong educational resources like webinars and analysis tools | Customer support is unavailable on weekends |
| Offers trading tools like Autochartist, VPS, and premium plugins | Limited base currency options, possible conversion fees |
Frequently Asked Questions
How to use the Hot Forex Swap Calculator?
The Hot Forex swap calculator lets you estimate overnight financing by selecting the currency pair, account currency, and trade size, using current daily swap rates
Is Hot Forex good for beginners?
Hot Forex offers beginner-friendly features like demo accounts, low minimum deposits, and support for MT4/MT5, which help new traders learn without significant risk.
Its mobile app and educational resources also simplify the trading process, though beginners may need additional guidance on strategy and risk management.
How long do Hot Forex withdrawals take?
Withdrawals are processed on the same business day if requested before 10:00 a.m. server time. E-wallets are usually completed within 24 hours, while card or bank transfers take 2 to 5 business days.
It’s also important to note that some users report delays due to verification issues or peak processing times.
Does Hot Forex offer no-deposit bonuses or promotions?
Yes, Hot Forex occasionally runs no-deposit bonuses, such as $30–$50 offers for eligible countries in 2025
However, these typically require account activation and meeting volume conditions before profits can be withdrawn.
What’s Next After Hot Forex?
Hot Forex offers solid tools, low spreads, and accessible accounts for beginners. However, trading success also depends on having the right environment in which to learn and grow.
That’s why many traders are moving to CommuniTrade. It combines verified forums, focused marketplaces, and an educational hub called TradeGeek. The platform is designed to cut through the noise, helping traders connect, improve their skills, and stay grounded in a clutter-free space.
