VPS
2021-04-04
|Brokers
About WikiFX
|
Rating
/10.00
The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
Benchmark
B
Market Making(MM)
CYSEC Regulated
Straight Through Processing(STP)
FCA Regulated
Retail Forex License
DFSA Regulated
Retail Forex License
CNMV Regulated
Company Name:
HF Markets GroupCompany Abbreviation:
HotForexPlace of registration:
Cyprus
Regulatory Status:
RegulatedCustomer Service Email Address:
support@hotforex.comCustomer Service Phone Number:
442033185978Company summary
WikiFX Risk Alerts
Previous Detection: 2021.09.27 Risk: 1 Item
Exhibition Area
Survey
MT4/5
Website
Genealogy
Clones
Keywords
Time Machine
Score
Delivery Index
Market Analysis
Material Delivery
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External Chain Proportion
External Chain Summary
Language
A client has complained that this broker robs people by increasing gaps frequently and making them lose their money.
FXNAVbro5427
2021/07/23
Bangladesh
The broker said that it was transparent. It is not true. Scam
FXSYMrvx7315
2021/06/16
Paraguay
A client of HotForex did not have his account updated after he deposited his money in the account. HotForex officials are also not helping him regarding this matter.
FXNAVbro5427
2021/05/31
Bangladesh
I can't back my money 
FXXYVyxh9352
2021/04/27
Egypt
The deleted my profits after being made...
FXUOAmxl8161
2021/03/29
South Africa
Founded in 2010, HotForex is a financial broker that provides both individual and institutional clients with online trading services. HotForex is currently regulated by the UK Financial Conduct Authority (FCA), the Financial Sector Supervisory Authority of South Africa (FSCA), the Dubai Financial Services Authority (DFSA), and the Financial Services Authority of Seychelles (FSA).
WikiFX
We received a complaint from Mrs. Agatha, who was struggling with the withdrawal procedure on the trading platform HotForex and Wealth creation FX company. A manager from the Wealth creation FX company and HotForex asked for an account releasing fee during the process of the withdrawal. As what the victim said, she realized that it didn’t add up when the manager asked her to pay ZAR 4,900.
WikiFX
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
Current Status:
RegulatedLicense Type:
Market Making(MM)Regulated in Country/Area
Cyprus
Regulatory License No.：
183/12Email Address of Licensed Institution :
reg@hfmarkets.euLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
50, Spirou Kyprianou Str, Irida 3 Tower - 10th Floor, CY-6057 LarnacaPhone Number of Licensed Institution :
357 24 400 165Licensed Institution Certified Documents :
HotForex-Cysec牌照210326 View Certified Documents HF Markets _Europe_ Ltd_CySEC监管网站查询信息 View Certified Documents
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.
Current Status:
RegulatedLicense Type:
Straight Through Processing(STP)Regulated in Country/Area
United Kingdom
Regulatory License No.：
801701Email Address of Licensed Institution :
compliance@hfmarkets.co.ukLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Bloomsbury Building10 Bloomsbury WayHolbornLondonWC1A 2SLUNITED KINGDOMPhone Number of Licensed Institution :
+44 2035199890Licensed Institution Certified Documents :
HF Markets FCA20200328更新 View Certified Documents HotForex FCA监管截图 View Certified Documents
The Dubai Funancial Service Authority (DFSA) isthe indepentent regulator of financial services conducted in or from the DIFC, a purpose-built financial free zone in Dubai, UAE.The DFSA’s regulatory mandate includes asset management, banking and credit services, securities, collective investment funds, custody and trust services, commodities futures trading, Islamic finance, insurance, an international equities exchange, and an international commodities derivatives exchange. In addition to regulating financial and ancillary services, the DFSA is responsible for supervising and enforcing anti-money laundering (AML) and counter-terrorist financing (CTF) requirements applicable in the DIFC. The DFSA has also accepted a delegation of powers from the DIFC Registrar of Companies (RoC) to investigate the affairs of DIFC companies and partnerships where a material breach of DIFC Companies Law is suspected and to pursue enforcement remedies available to the Registrar.
Current Status:
RegulatedLicense Type:
Retail Forex LicenseRegulated in Country/Area
United Arab Emirates
Regulatory License No.：
F004885Email Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Unit Office 612, Level 6, Index Tower, DIFC, PO Box 507274,Dubai, UAEPhone Number of Licensed Institution :
971 4 318 4777Licensed Institution Certified Documents :
HotForex DFSA监管截图 View Certified Documents
The National Securities Market Commission (CNMV) is the body responsible for the supervision and inspection of Spanish securities markets and the activity of all those involved in them. The CNMV was created by Securities Market Law 24/1988, which represented a thorough reform of this segment of the Spanish financial system; and since then, its regime has been updated to adapt to the evolution of financial markets and to introduce new measures to protect investors.The aim of the CNMV is to ensure the transparency of Spanish securities markets and the correct formation of prices, as well as the protection of investors.
Current Status:
RegulatedLicense Type:
Retail Forex LicenseRegulated in Country/Area
Spain
Regulatory License No.：
3427Email Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
50, Spirou Kyprianou, Irida 3 Tower 10th Floor - 6057 LARNACA (CYPRUS)Phone Number of Licensed Institution :
--Licensed Institution Certified Documents :
热汇 CNMV监管截图 View Certified Documents
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WIKI Research
2021.09.28 updated
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Geneal Information & Regulation of HotForex
HotForex is a brand name of the HF Markets (Europe) Ltd., founded in 2010, a financial broker that provides both individual and institutional clients with online trading services. HotForex itself has headquartered in Cyprus but serves several global offices in Dubai, South Africa, and offshore entities in St Vincent and the Grenadines, all under respective regulation authorities. HF Markets (Europe) Ltd is regulated and licensed by the CySEC in Cryprus, with regulatory license number 183/12, its UK entity under regulation of FCA in UK (license number 801701), Dubai entity under regulation of DFSA in Dubai ( license number F004885), and Spain entity is authorized and regulated by the CNMV under the license numer 3427.
Market Instruments
HotForex offers popular tradable instruments of the global financial markets, including forex, precious metals, energies, indices, commodities, electronic currencies, bonds, ETFs, stocksDMA, etc.
Minimum Deposit of HotForex
In terms of minimum deposits, there are six account options on offer on Hotforex platform，namely Micro, Premium, Zero Spread, Auto, PAMM Premium HFCOPY accounts. The minimum deposit for a Micro account is $5 (which is quite reasonable for beginners to get started), and $500 for strategy provides, $100 for followers in the HFCOPY account.
Leverage of HotForex
What astonishes us is that trading leverage availale on Hotforex platform is incredibly high, with the highest leverage up to 1:1000. High trading leverage may not be that cheering sometimes, for some illegal brokers will use leverage to seduce investors, and most inexperienced investors will end in loss of money.
Spreads & Commissions of HotForex
The minimum spread for Mini accounts starts from 1 pip, and no commission is charged for trading. For Premium accounts, the minimum spread starts from 1 pip, and no commission is charged for trading. For Zero Spread accounts, the commission is $6 per lot (round turn). For Auto accounts, the minimum spread starts from 1 pip, and no commission is charged for trading. For PAMM accounts, the minimum spread for high users starts from 1.1 pips, and no commission is charged, and the minimum spread for high plus users starting at 0.3, a fee of US$6 per lot (round turn) charged. A comparison of HotFX spreads with other traders is shown in the chart below.
Trading Platforms ofHotForex
HotForex offers traders MT4, MT5, and a multi-account management system. Both MT4 and MT5 are popular and powerful trading platforms that also provide a bridge for traders to enter the financial markets, and HotFX ensures that the best features of each platform are fully utilized to provide the perfect trading environment for its clients. Both trading platforms are available in desktop, web, and mobile versions. The HotForex's multi-account management system offers many advantages, including an unlimited number of trading accounts, real-time quote monitoring, real-time trading operation management, and multiple order execution types.
Deposit & Withdrawal
Deposit and withdrawal methods welcome wire transfer (minimum deposit of $100, 2 business days to arrive, and banks may charge a transfer fee of under $100), Visa, MasterCard credit/debit cards (minimum deposit of $5, the maximum deposit of $100,000, 10 minutes to the account, no fees for withdrawal and deposit), FasaPay (maximum deposit of $5,000, the minimum deposit of $5, no fees for withdrawal or deposit). The minimum deposit is US$5,000, the minimum deposit is US$5, instant arrival, and there is no fee for withdrawal or deposit), NETELLER (the maximum deposit is US$50,000, the minimum deposit is US$5 and there is no fee), Skrill (the maximum deposit is US$10,000, the minimum deposit US$10, no fee for withdrawal or deposit), WebMoney (the maximum deposit is US$50,000, the minimum deposit is US$5, no fee for withdrawal or deposit).
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You are visiting the website of WikiFX. In addition, its website and mobile product—WikiFX, is a global inquiry tool for enterprise profile that is operated by Wiki Co., LIMITED (Registration No.2806237) based in Hong Kong Special Administrative Region of China. Users should comply with the law of their countries/regions.
Official Email：wikifx001@163.com；
Feedback WeChat:fxeye005, fxeye003
Customer Service Phone Number：（HK）+00852 54200870
Copyright©2021 Cipher Group Limited All rights reserved.
License or other information error correction, please send the information to:qawikifx@163.com;
Cooperation:kfwikifx@163.com
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
