Yeah Hotforex is quite safe place to invest they are regulated by CySEc and South Africa FSC and what is especially important client funds there are segregated and administered with independent organization Ninety Fast so I consider them even safer than FCA or NFA brokers.
the last time i checked regulations there were alot actually, and i think its a good think, to be able to cater to different traders in different places, i rarely see a broker actually doing this. usually they settle with one or two tops.