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April 19, 2017

HotForex's Fund Deposit & Withdrawal Options and Conditions

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We have summarized the Conditions of available Deposit and Withdrawal Methods.

HotForex - What's now?

HotForex has suspended that trading of Cryptocurrency pairs temporarily.

Do you live in South Africa? Then please go to HotForex ZA (South Africa) main introduction page.

HotForex accepts more than dozens of Deposit Methods from its traders.

The broker also issues its own co-branded Mastercard which is directly connected to your MT4 trading account.

Here are the list of available Deposit Options and each Conditions.

Deposit Options
 Credit Cards Accepted Currency Minimum Amount Fees Appriximate Time
Visa (Credit/Debit) USD, EUR $50 None 10 minutes
 Mastercard USD, EUR $50 None 10 minutes
 Maestro USD, EUR $50 None 10 minutes
 American Express USD, EUR $50 6.5% 10 minutes
 HF Mastercard USD, EUR $50 None 10 minutes
 Electronic Payment
 Neteller USD, EUR $50 None 10 minutes
 Skrill (Moneybookers) USD, EUR $50 None 10 minutes
 Soford Banking USD, EUR $50 None 1 – 2 days
Qiwi USD, EUR, RUB $50 None 10 minutes
WebMoney wmz, wmr, wme, wmu $50 None Instantly
 iDeal USD, EUR $50 None Instantly
 Przelewy 24 USD, EUR $50 None Instantly
 TrustPay USD, EUR $50 None Instantly
Bank Wire Transfer
 Bank Transfer Any Currencies $250 Covered by HotForex 2 – 7 days

*Fast transactions 24/5 during the standard trading hours.

Any Fees for Depositing Funds?

HotForex does not apply any deposit fees, but in case of Bank Transfer, it will vary both on the country you are sending funds from and the corresponding banks involved.

Withdrawal Options
 Credit Cards Accepted Currency Minimum Amount Fees Appriximate Time
Visa (Credit/Debit) USD, EUR $5 None 2 – 10 days
 Mastercard USD, EUR $5 None 2 – 10 days
 Maestro USD, EUR $5 None 2 – 10 days
 American Express USD, EUR $5 None 2 – 10 days
 HF Mastercard USD, EUR $5 None Instantly
 Electronic Payment
 Neteller USD, EUR $5 None Instantly
 Skrill (Moneybookers) USD, EUR $5 None Instantly
Bank Wire Transfer
 Bank Transfer Any Currencies $150 Depends on Banks 2 – 10 days

How to request for Fund Withdrawals?

In order to proceed with the Withdrawal, please log in to myHotForex and select “Fund Withdrawal”.
*Withdrawals submitted before 10:00am server time are processed on the same business day between 7:00am and 5:00pm server time.
*Clients wishing to withdraw below the minimum levels presented will be required to cover all charges associated with the withdrawal request.

Is my Payment Information safe with HotForex?

Protection of Payment and Data Security HF Markets (Europe) Ltd t/a HotForex does not receive and/or store any personal credit card or payment details.

All transactions are processed and protected by Level 1 PCI-DSS Certified Independent International Payment Gateways.

How to Withdraw Funds via other Electronic Payment Methods?

For all incoming payments via Sofort, iDeal, WebMoney, Western Union, TrustPay and Qiwi any subsequent withdrawals will only be actioned via wire transfer.

For the full conditions of Fund Withdrawals, you can find it in the below PDF.

HotForex Withdrawal Conditions

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