HotForex Minimum Deposit Guide

filippo ucchino Filippo Ucchino calendar Last Updated: June 2022 timer 5 Min Read

The HotForex minimum deposit is $5 for a micro account, $100 for a premium account or an HFcopy account and $200 for a zero account. 

These are the most popular account types, however there are more solutions that HotForex offer to its clients depending on their country of residence.

The offer available to you will depend on the entity of HotForex you trade with and so will vary the base currencies you can choose.

There are plenty of payment methods that again will be available to you based on your residence.

In this guide we’re going to cover every detail.

Table of Content

Round-up

FEATURES HOTFOREX MINIMUM DEPOSIT
HotForex micro account $5
HotForex premium account $100
HotForex zero account $200
HotForex HFcopy account $100 (SV), $300 (CySEC)
HotForex premium pro account $5,000
HotForex VIP account $20,000
HotForex auto account $200
HotForex PAMM account $250
Deposit fees No
Withdrawal Fees No
Base Currencies EUR, USD, GBP, CHF, PLN, JPY, ZAR, NGN, AED

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Now that you know the minimum deposit amount you can delve into the individual HotForex account types offered before opening one.

HotForex account base currency

The HF Markets base currency is that which you can trade in through your account. Top forex brokers will usually make several base currencies available, giving you a range of choices when trading. This is also the case with HF Markets.

The base currency that you will have access to depends on the area where your account is regulated. Typically within this, USD is available everywhere. Euro as a base currency is also available within Europe as you would expect.

Other base currencies are available. These will depend on the area where you are located, including the following:

  • USD
  • EUR
  • GBP
  • CHF
  • PLN
  • JPY
  • ZAR
  • NGN
  • AED

This represents a good degree of choice for all types of trader no matter your location around the world.

HotForex funding and deposit methods

An especially extensive range of deposit methods are available from HotForex. These each have an associated minimum deposit which you may wish to take into account.

With that in mind, let’s take a closer look at each HotForex deposit option and the corresponding minimum deposit for HotForex:

Wire transfer

Wire transfer is a deposit method which we always expect to see, and it is indeed available again with HF Markets. This method of deposit is available around the world to all traders.

There is no minimum deposit associated with this method, although as a trader you should be aware that a deposit of under $250 with the HF Markets entity, and under $100 with the HotForex entity will leave you liable for a bank fee. You may also wish to check with your bank to find out if they levy any fees in this regard.

The time it takes to process your deposit will depend on your bank but typically this can range between 2-7 business days.

Credit/debit cards

Credit and debit card deposits are among the most convenient for traders. Naturally, HF Markets and Hotforex broker branches facilitate this by offering deposits to all traders by:

  • Visa
  • Mastercard
  • Maestro

Debit card funding only is available under DFSA regulation, while credit card and debit card funding are available under every other regulatory type.

The HotForex broker minimum deposit that applies to this funding method is $50 and the process is completely free of any fee. It is also effectively instant in how quickly you can access the funds. This typically takes a maximum of 10 minutes.

eWallets

eWallets are another popular deposit method that is made available by HF Markets. These are not available under DFSA regulation though they are available in Europe through:

  • Neteller
  • Skrill

The minimum deposit using these methods is $5, although under FCA and CySEC regulation this minimum is increased to $50. The deposit itself should be accessible within 10 minutes.

Other HotForex deposit methods

There are other HF Markets deposit methods available which depend on where you are located in the world. These are particularly common outside the CySEC and FCA area.

These deposit methods usually carry no fees and are typically instant. The following HF minimum deposits do apply though within the following areas:

  • Indonesia – 200,000 IDR
  • Malaysia – 50 MYR
  • Thailand – 50 THB
  • Vietnam – 300,000 VND

If you are trading from within South America, other local deposit methods from a number of local banks are available although fees could vary in these cases, so it would be best to check with your bank and the broker support team.

hotforex negative balance protection

HotForex minimum deposit: comparison with other major brokers

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

FEATURES HOTFOREX PEPPERSTONE XM
Minimum deposit $5 $0 ($200 recommended) $5
Wire transfer Yes Yes Yes
Credit card Yes Yes Yes
PayPal No Yes No
Number of deposit methods 10 9 6
Base Currencies EUR, USD, GBP, CHF, PLN, JPY, ZAR, NGN, AED USD, EUR, NZD, AUD, GBP, CHF, HKD, JPY, CAD, SGD USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR

HotForex deposit bonus

The final area for us to cover may be an important one depending on your trading goals and expectations. However you should be aware of the fact that ESMA, within Europe, banned deposit bonuses. Due to this stringent regulatory environment, there are no deposit bonuses or contests available under HF Markets EU.

$30 no deposit bonus

HF Markets typically do offer a range of bonuses to those traders located outside of CySEC and FCA regulatory areas. Within these regions, it is difficult due to stringent regulatory environments.

The one which is available as a HotForex no deposit bonus is a $30 bonus. Although this amount is not immediately available for you to withdraw, you can do so once you have met some of the trading requirements. You can then withdraw any profits which you have made from this HF Markets no deposit bonus.


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About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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