FP Markets vs HotForex
| FP Markets | HotForex |
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4
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4
HotForex is now HF Markets. See our review of HF Markets for our latest findings and expert verdict.
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FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist. |
HotForex, now HF Markets, is a hugely popular broker with millions clients and authorization from several trusted regulators, including the FCA and CySEC. Leveraged CFDs are available on popular asset classes alongside industry-leading software, flexible account types and an accessible minimum deposit. |
| Comment by Reviewer | |
| "We recommend FP Markets for forex and stock traders with 70+ currency pairs and an impressive 10,000+ stocks available as CFDs." | "HotForex is a great all-rounder that will serve traders of all experience levels. We appreciate the regulated and secure trading environment, low minimum deposit, wide market access and user-friendly copy trading solution." |
| Pros | |
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| Cons | |
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| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto | CFDs, Forex, Stocks, ETFs, Commodities |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $100 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| ASIC, CySEC, ESMA | FCA, DFSA, FSCA, CySEC, FSC, CMA, JFSA |
| Margin Trading | |
| No | Yes |
| STP Account | |
| Yes | No |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| Yes | Yes |
| MAM Account | |
| Yes | No |
| PAMM Account | |
| Yes | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | No |
| Market Maker | |
| Yes | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | HotForex supports automated trading through access to MetaTrader 4 and MetaTrader 5, both of which have extensive expert advisor integration systems. |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system. | |
| Social Trading | |
| Yes | No |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| Yes | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| FP Markets' CFD trading covers a range of markets, including 10,000+ equities, indices, commodities, cryptocurrencies and ETFs. Spreads are tight and traders get fast execution speeds. | HotForex has CFD trading in stocks and shares, indices, ETFs, metals, energies, agricultural commodities and forex. Leverage is in line with the relevant regulatory jurisdictions and spreads are tight with no hidden charges. |
| Leverage | |
| 1:30 (UK), 1:500 (Global) | 1:30 |
| FTSE Spread | |
| 1.64 | 1.16 |
| GBPUSD Spread | |
| 1.9 average | 1.8 |
| Oil Spread | |
| 0.04 | 0.05 |
| Stocks Spread | |
| Variable | Variable |
| Forex Trading | |
| FP Markets is a good option for forex traders, with 70+ pairs covering an excellent range of currencies. Spreads are already tight on standard accounts and start from zero on raw spread accounts, and the broker offers high leverage up to 1:500 and top-tier liquidity. | HotForex has CFD trading on over 50 major, minor and exotic currency pairs with MT4 and MT5 accounts. This is a strong selection of currencies with advanced analysis software available to plan and execute trades. |
| GBPUSD Spread | |
| 1.9 | 1.8 |
| EURUSD Spread | |
| 1.1 | 1.3 |
| EURGBP Spread | |
| 1.7 | 1.5 |
| Assets | |
| 60+ | 50 |
| Currency Indices | |
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| Cryptocurrency | |
| Take positions on popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin with leveraged CFDs. However, you cannot directly buy and own crypto tokens. | Crypto trading not offered |
| Spread | |
| Floating | |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| More Comparisons | |
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FP Markets vs |
HotForex vs |