HotForex Forex Broker-Full Rating Analysis (v.2) 
HotForex Forex Broker General Rating
| HotForex RATING SUMMARY | ||
| MAX | ACHIEVED | |
| 1.Reliability | 28.00% | 15.83% |
| 2.Competition | 30.00% | 17.50% |
| 3.Trading-Options | 26.00% | 25.00% |
| 4.Technology | 16.00% | 12.50% |
| Overall Rating | 100.00% | 70.83% |
HotForex Rating & Review Analysis
| HOT FOREX -RATING ANALYSIS | ||||
| TOTAL RATING | 100.0% | Hot Forex Broker | ||
| Weight Analysis | Factor Analysis | 70.83% | ANALYSIS | |
| 1. FOREX BROKER CREDIBILITY | 28.00% | FACTOR-1 ANALYSIS | 15.83% | Hot Forex Credibility Analysis |
| 1.1 Hot Forex Level of Regulation | 12.00% | FSC (BVI)=1.0%, CYSEC=3.0%, CBI=4.0%, ASIC=4.0%, BaFIN=5.0%, FSA (UK)=6.0%, FINMA=8.0% and MiFID=+4.0% | 7.00% | Hot Forex is regulated by CySEC, MiFID = 7.0% |
| 1.2 Hot Forex Headquarters Base | 5.00% | Offshore=0%, Cyprus=2.0%, Ireland, Australia=4.0%, USA, UK, Germany, France, Switzerland=5.0% | 2.00% | Hot Forex Home Base is in Cyprus = 2.0% |
| 1.3 Hot Forex Years in the Market | 4.00% | 0-2 Years=0%, 2-4 Years =1.0%, 5-7 Years=2.0%, 7-10 Years=3.0%, 10+ Years =4.0% | 3.00% | Hot Forex was found in 2007 7-10 years = 3.0% |
| 1.4 US Traders | 2.00% | Yes=2.0 or No=0 | 0.00% | Hot Forex doesn't allow US traders = 0% |
| 1.5 Hot Forex Web Ratings (Usage for differentiating results) | 5.00% | 2 Ratings: ForexPeaceArmy Rating=2.5%, EarnForex Rating=2.5% | 3.83% | Hot Forex FX FPA=3.963 & Earn Forex 7.4 / 10.0 = %, Total = 7.663 / 10.0 = 3.8315 / 5.00 |
| 2. FOREX BROKER COMPETITION | 30.00% | FACTOR-2 ANALYSIS | 17.50% | Hot Forex Competition Analysis |
| 2.1 Hot Forex Offering Spread (EUR/USD) | 12.00% | EUR/USD Spread <0.5=12.0%, <0.6=11.0%, <0.7=10.0%, <0.8=9.0%, <0.9=8.0%, <1.0=7.0%, <1.25=6.0%, <1.50=5.0%, <2.0=4.0%, <2.5=3.0%, <3.0=2.0%, <3.5=1.5%, <4.0=1.0%, >4%=0 | 4.00% | Hot Forex EUR/USD Spread is 1.8 pip fixed = 4.0% |
| 2.2 Hot Forex Commissions on Trading | 7.00% | No Commissions=7%, Low Commissions=4%, Low to Medium Commissions=3%, Medium Commissions=2%, Medium to High Commissions=1%, High Commissions=0 | 3.50% | Trading Commissions on half of the account types (Micro, FIX and Premium no Commisions. It is rated half points = 3.5% |
| 2.3 Hot Forex Commissions on Deposit / Withdrawal | 2.00% | Yes=0 or No=2.0% | 2.00% | No Withdrawal Commissions are charged by Hot Forex = 2.0% |
| 2.4 Hot Forex Maintenance Fees | 2.00% | Yes=0 or No=2.0% | 2.00% | No Maintenance Fees by Hot Forex = 2.0% |
| 2.5 Hot Forex Rate of Leverage | 4.00% | 400%+=4.0%, 350%=3.5%, 300%=3.0%, 250%=2.5%, 200%=2.0%, 150%=1.5%, 100%=1.0%, <100%=0% | 4.00% | Max Leverage at Hot Forex is up to 1/1000 = 4.0% |
| 2.6 Hot Forex Customer Service Quality | 3.00% | 24/7=1%, 24/6=0.5%, 24/5=0%, Phone=1.0%. Live Chat=1.0%, Skype=1.0% | 2.00% | Hot Forex provides 24/5=0%, Phone=1%, Live Chat=1%, Total = 2.0% |
| 3. FOREX BROKER OPTIONS | 26.00% | FACTOR-3 ANALYSIS | 25.00% | Hot Forex Trading Analysis |
| 3.1 Hot Forex Availbale Forex Currencies | 8.00% | 45+ Currency Pairs=8.0%, 40+ Currency Pairs=7.0%, 35+ Currency Pairs=6.0%, 30+ Currency Pairs=5.0%, 25+ Currency Pairs=4.0%, 20+ Currency Pairs=3.0%, 15+ Currency Pairs=2.0%, 10+ Currency Pairs=1.0%, Less than 10 pairs=0 | 7.00% | Hot Forex offers 43 Forex Currencies = 7.0% |
| 3.2 Hot Forex Other Financials Available | 2.00% | Commodities=1.0%, Energy=1.0%, CFD trading=1.0% | 2.00% | Hot Forex offers Commodities=1%, CFDs=1%, Total = 2.0% |
| 3.3 Hot Forex Bonus / Rebate Rate | 8.00% | Bonus / Rebate >40%=8.0%, >35%=7.0%, >30%=6.0%, >25%=5.0% >20%=4.0%, >15%=3.0%, >10%=2.0%, >5%=1.0 | 8.00% | Bonus 100% at Hot Forex= 8.0% |
| 3.4 Scalping Allowance | 1.50% | Yes=1.5% or No=0% | 1.50% | Hot Forex allows Scalping = 1.5% |
| 3.5 Hedging Availability | 1.50% | Yes=1.5% or No=0% | 1.50% | Yes Hot Forex allows hedging = 1.5% |
| 3.6 Hot Forex Number of Deposit Methods | 2.50% | For each deposit method available=0,5%, max=5 methods | 2.50% | 4+ methods available by Hot Forex (Credit Cards, WebMoney Bank Wire, MoneyBookers, Neteller) = 2.5% |
| 3.7 Hot Forex Number of Withdrawal Methods | 2.50% | For each withdrawal method available=0,5%, max=5 methods | 2.50% | 4+ methods available by Hot Forex (Credit Cards, WebMoney Bank Wire, MoneyBookers, Neteller) = 2.5% |
| 4. FOREX BROKER TECHNOLOGY | 16.00% | FACTOR-4 ANALYSIS | 12.50% | Hot Forex Technological Analysis |
| 4.1 Hot Forex Available Platforms | 5.00% | Each Supported Platform=1%, max=5 | 4.00% | HotForex offers MetaTrader4, MT4 Multi-Terminal, WebTrader, FIX/API platform = 4.0% |
| 4.2 API Trading Availability | 1.00% | Yes=1.0 or No=0 | 1.00% | Yes, API trading is available at Hot Forex = 1.0% |
| 4.3 Automated Trading (Expert Advisors) | 2.00% | Yes=2.0 or No=0 | 2.00% | Hot Forex allows signals from Expert Advisors = 2.0% |
| 4.4 Hot Forex Mobile Devices Support | 2.00% | Each Supported Device=0,5% (iPhone, iPad, Android, Windows Mobile, Blackberry), max=4 | 2.00% | Hot Forex provides applications for iPhone, iPAD, BlackBerry and Android devices = 2.0% |
| 4.5 Hot Forex MT4 / MT5 Availability | 1.00% | Yes=1.0 or No=0 | 1.00% | Yes, Hot Forex offers Metatrader4 = 1.0% |
| 4.6 Hot Forex Level of Innovation | 5.00% | High Innovation=5%, Medium Innovation=2.5% | 2.50% | Medium Innovation (Good variety of Trading Assets, High leverage, MT4 Multi-Terminal, Scalping, Automated Trading, API Trading) = 2.5% |
HotForex Rating & Review Analysis
Online Forex Reviews (2013)
