hotforex Review

System: hotforex Review

Description:

Type of Trading: Real

Broker: HotForex

Started: Feb 25, 2015

Views: 45

Tracking: 1 users

Currency Pairs: AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, XAUUSD

 

 

 

 

 

Overview: hotforex Review Myfxbook system has made +245% in 72 trades since Feb 25, 2015. The average winning trade is about341.40 pips / $55.77, and the average trade with a loss around -87.11 pips / -$26.74. Trades are left open on average for 6h 41m.

(18/41) 43% is the winning percentage of its buy trades and (11/31) 35% is the winning percentage of its sells.

(Mar 06) 3006.0 was the best trade it ever produced. (Sep 04) -277.0 was the worst.

Pros & Cons

Pros

  • It doesn’t appear to be a scalper, which is good
  • Drawdown has only reached 28.48, looking good so far!
Cons

  • Shikawat Reply
    May 17, 2020 @ 17:11 pm

    There are a lot of assets to trade with this broker however as per my own trading experience with them it is good to trade majors which have lowest spreads. I haven’t tried MT5 which is recently added but with my hands on MT4 i am satisfied with their overall performance. The order processing is fast and the profits can be withdrawn easily without following them up. I believe they are good broker. My overall trade experience is more than two years.

  • Jovy Daniel Reply
    May 8, 2020 @ 16:41 pm

    hotforex is a well known broker, on a personal experience i only made 1 withdrawal in my 2 month love trading and processed with ease, i opted for a regular premium account with a decent smaller investment and i have no issues.

  • Bint e Saif Reply
    May 3, 2020 @ 14:43 pm

    My overall six months live trading experience with this broker clearly satisfactory because i haven’t found out any glitches in their systems. Trading is fine with nice acceptable spread ratio. Payments are always processed on time. Limit orders met on time etc. I am happy with the services so far and i expect to continue the same level of services in future as well. Thank you!

  • Randy Reply
    Apr 3, 2020 @ 15:37 pm

    good broker, total live trading is 6 months, so far so good. spreads are okay, i have seen smaller ones but i cant complain, the platform is stable and withdrawals are spot on

  • Jaz Bien Reply
    Feb 21, 2020 @ 0:42 am

    setting aside results of other traders (which will depend on the trader and his style of trading) hotforex is doing a great job providing the services they offer, very stable and have a very solid connection in terms of execution and speed of process. the company over all are very well known and have a very good reputation which they have earned over the years.

  • Ghulam Nabi Reply
    Sep 5, 2019 @ 14:50 pm

    Hotforex is a good broker according to my personal experience trading gold and oil although oil outcome wasn’t in my favor yet i made more profits making long on gold and it did worked for the time. I had withdrawn the profit on the same week.

  • DH Reply
    Aug 6, 2019 @ 13:41 pm

    Can I trade Bitcoin with this broker? And how’s about deposit/withdraw through Bitcoin?

  • Al Kufie Reply
    Mar 29, 2019 @ 6:12 am

    perfect broker, very good service and fast money transfer if needed, check regulations and its really solid. well done by hf broker

  • BinAli Reply
    Feb 4, 2019 @ 5:11 am

    They offer btc trading and I believe btc withdrawals too through bitpay. I have not tried but its stated up to 3 working day, usually I use skrill with 24 hours.

  • DPM Reply
    Jan 21, 2019 @ 4:26 am

    Does this broker support bitcoin payment?

    • Razaq Reply
      Feb 3, 2019 @ 7:04 am

      Bitcoin is traded too on hotforex website and they have bitpay i guess which can be used to pay bitcoins as deposit payments however i have not used bitcoin payment method so far but i think it might be the same as i have mentioned.

  • Mino Takki Reply
    Jan 13, 2019 @ 6:09 am

    I scalp most my trades mostly on eurusd, so far so good, 2 months into it i have made 1 withdrawal and it was processed with no problems. I am currently try to incorporate EA trading, will update after I make som progress but to be honest i have no complaints and the broker does provide a good platform to trade the forex market.

  • Zuhair I Reply
    Dec 17, 2018 @ 4:04 am

    Live trading done almost 5 months. major pairs have good spread. good volatility. hotforex is a bit strict with documents submitted and they explained it well so i gave the required documents and so far im glad with trading and they are 100% legit.

  • Alex Reply
    Jun 14, 2018 @ 4:33 am

    I have been trading with this broker from 2016 and withdrew several times. It’s quite prompt and no hassles during payment process, it’s reliable broker.

  • Salim Reply
    Mar 20, 2018 @ 4:55 am

    this broker is really good, im really happy with the trading environment. easy to deal with. they can be strict with documentation and thats a actually a good sign in my opinion. no probelme with withdrawals whatsoever

  • Saad Reply
    Dec 11, 2017 @ 1:12 am

    I started trading this broker last june, and made 3 withdrawals, recently i have been into btc and made a good profit and i was able to witdhraw it with ease. i can vouch for this broker its really good

  • Parmesh Reply
    Sep 30, 2016 @ 5:13 am

    I have micro account with them and i am trading for the last one year through hotforex with no complaints so far. They offer wide range of services and i am planning to go with their PAMM services as well. However my overall experience with them is good and i recommend them for giving a try.

  • Tanveer Ahmed Butt Reply
    Aug 11, 2016 @ 18:14 pm

    I started trading in June 2015 with my best friend who recommended hotforex. Initially I traded demo account and once I started trade on live account i made few losses however i have covered them and now i am completely in profit. I usually trade during the london session and usually trade GBP. The spreads are low and I am very happy with the services. I really recommend giving them a try.

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