Is HotForex (HF Markets) regulated by the FCA?
HotForex is one of the most trusted forex brokers in the industry. You can learn about this and much more through our HotForex review.
Here though, we will take a closer look at specific regulations that they have in place. Our focus will be on the HotForex FCA regulations and what these mean for you as a trader. The maximum leverage, protections, limitations, and how to double-check the registration will all be covered.
Let’s get started.
Table of contents
Is HotForex an FCA Broker?
Yes. HotForex is an FCA broker. They are registered under the number 801701. FCA is one of the most respected regulators in the industry and is responsible for the regulation in the UK. HotForex obtained this FCA regulation on 14/11/2018.
| Is HotForex FCA Regulated? | Yes |
|---|---|
| Number of registration | 801701 |
| Year of registration | 2018 |
| Broker’s Business Name | HF Markets (UK) Limited |
For more information on the HotForex regulatory status and the protections they have in place, as well as any limitations you can visit the HotForex website (71.61% of retail CFD accounts lose money).
HotForex FCA: Leverage, Protections, and Limitations in place
The leverage offered through HotForex under FCA regulation is 30:1 for retail traders. FCA regulations also prohibit the offering of any leveraged derivatives on cryptocurrencies, and forex trading bonuses can’t be offered.
Negative balance protection is offered as standard, so you can never lose more than you deposit. Your funds will also always be held in segregated accounts with top-tier institutions. Furthermore, your funds are insured up to the value of £85,000. Spread betting under FCA regulation is also permitted.
You can check out and confirm all of these points yourself by opening a demo account with HotForex for free and with no obligation (71.61% of retail CFD accounts lose money).
| Features | HF Markets (UK) Limited | HF Markets (SV) Ltd |
|---|---|---|
| Regulated by: | FCA | SV |
| FCA Protections | Yes | No |
| Segregated Bank Accounts | Yes | Yes |
| Maximum Leverage on Forex | 1:30 (retail) | 1:1000 |
| Fund insurance | Yes | Yes |
| Negative Balance Protection | Yes | Yes |
| Forex Bonuses | No | Yes |
Here’s how to double-check the HotForex FCA license
If you would like to double-check the broker and their regulatory status in the UK, you can do this by locating their business name, HF Markets (UK) Limited from the website footer. Save this and head to the FCA webpage where you will find the FCA Companies Register. From this, you can select the correct business name to see the regulatory information. Finally, you will be directed to the HotForex FCA regulation page which looks like the image posted below.
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