5paisa vs HotForex

5paisa vs HotForex Comparison Table 2023
5paisa HotForex
WINNER
HotForex is the better broker

5paisa is #35 in our broker rankings.

HotForex is #35 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

5paisa is a discount Indian brokerage with equities and derivatives trading on thousands of products.

HotForex is a forex and CFD broker that is regulated by the FCA and provides access to over 1,000 securities and derivatives on several international markets.

Awards
  • Top 100 Companies - World Finance Magazine
  • Best Forex Broker Asia - Global Business Review Magazine 2021
  • Best Customer Service Experience - Global - World Business Outlook
  • Best Client Fund Security Global - International Business Magazine 2021
  • Most Transparent Broker - The European - Global Banking & Finance Review Awards
Instruments
Stocks, Futures, Options, Forex Stocks, CFD, Forex, ETFs, Volatility Index
Demo Account
No Yes
Minimum Deposit
INR 450 $100
Payment Methods
Minimum Trade
No 0.01 lots
Regulator
SEBI FCA, DFSA, FSCA, CySEC, FSC, CMA, JFSA
Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
Yes No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
HotForex supports automated trading through access to MetaTrader 4 and MetaTrader 5, both of which have extensive expert advisor integration systems.
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • INR
  • USD
  • EUR
  • GBP
  • PLN
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered HotForex has CFD trading in stocks and shares, indices, ETFs, metals, energies, agricultural commodities and forex.
Leverage
1:30
FTSE Spread
1.16
GBPUSD Spread<
1.8
Oil Spread
0.05
Stocks Spread
Variable
Forex Trading
5paisa supports forex trading through futures and options on four major currencies paired with the Indian rupee. HotForex has CFD trading on over 50 major, minor and exotic currency pairs with MT4 and MT5 accounts.
GBPUSD Spread
N/A 1.8
EURUSD Spread
N/A 1.3
EURGBP Spread
N/A 1.5
Assets
4 50
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