Our Review of HF Markets Ltd. (HotForex)
HF Markets Limited
HF Markets Limited is a Forex broker that carries a Category 1 Global Business license obtained from the Financial Services Commission or the Republic of Mauritius.
They have a very extensive offering of account types, running the gamut from micro accounts for new traders who want the Forex trading experience beyond simulated trading, but without excessive levels of risk, to accounts that are geared towards experienced individual traders and companies that conduct trades in the realm of millions of currency units.
They offer MetaTrader 4, along with several proprietary trading platforms, including web based and mobile platforms for iOS, Android and Blackberry devices.
Hot Forex has enough funding and withdrawal options to enable them to be considered competitive in this area and they offer a deposit bonus of up to 100 percent, subject to some conditions relating to trading volume requirements. They have several other bonus levels that change from time to time.
Spreads are respectable, going as low as 1.8 pips on the EUR/USD. And one account carry fixed spreads, while the others feature variable spreads. Most of Hot Forex’s accounts offer leverage of up to 1:300 or 1:400, but the micro account goes as high as 1:1000.