HF Markets is the European subsidiary of Hotforex. For FCA protection, we recommend that UK residents look at trading with HF Markets instead.
HotForex is a global CFD broker offering a relatively wide range of trading products including Forex, commodities, indices, shares, bonds, and ETFs – though it recently stopped offering crypto CFDs.
The HotForex Micro Account has lower trading costs than most other brokers’ entry-level accounts with a 5 USD minimum deposit, fast market execution and spreads starting at 1 pip on the EUR/USD. Experienced traders will be interested in HotForex’s ZERO Spread Account, with EUR/USD spreads starting at 0.0 pips and a 6 USD commission.
HotForex supports both the MT4 and MT5 platforms – but unlike most other brokers does not offer its own web-based platform – and has several excellent trading tools to further assist traders. Unfortunately, access to better trading tools like Autochartist, which other brokers offer as a free service, requires an account balance of 500 USD – well above the required minimum deposit.
Hotforex does not charge any withdrawal or deposit fees, allows hedging, scalping, and copy trading, and offers an excellent selection of educational and market analysis materials to get new traders started.