FXPesa vs HotForex

FXPesa vs HotForex Comparison Table 2024
FXPesa HotForex
1.5
4

HotForex is #13 in our CFD broker rankings.

HotForex is now HF Markets. See our review of HF Markets for our latest findings and expert verdict.
United States Flag Traders from US not accepted
United States Flag Traders from US accepted

FXPesa offers forex and CFD trading from its headquarters in Kenya.

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.

Bonus Offer
30% deposit bonus up to $150
Comment by Reviewer
"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
  • Unlimited usage demo account
  • Easy to sign up with no starting deposit
  • Range of deposit and withdrawal methods
  • Transparent fee and commission structures
  • Hugely popular brand with millions of traders
  • Advanced mobile apps with full trading access
  • Market-leading insurance for up to €5,000,000
  • Virtual private server (VPS) integration support
  • Regulated by tier-one agencies including the FCA
  • Various account types plus Islamic and joint accounts
  • Comprehensive educational platform and trading tools
  • Live chat option with customer support available in 27 languages
Cons
  • No cryptocurrency trading
  • No proprietary trading software
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
CFDs, Forex, Stocks, Commodities CFDs, Forex, Stocks, ETFs, Commodities
Demo Account
Yes Yes
Minimum Deposit
$5 $100
Trading Platforms
  • MT4
  • MT4
  • MT5
Payment Methods
Minimum Trade
$0 0.01 Lots
Regulator
CMA FCA, DFSA, FSCA, CySEC, FSC, CMA, JFSA
Margin Trading
Yes Yes
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
No 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
Yes Yes
Mobile Apps
MT4, FXPesa Trader 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
No No
Social Trading
No No
Trade Signals
MT4 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
Yes Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • PLN
Stock Exchanges
Commodities
CFD Trading
Trade leveraged CFDs on popular financial assets, including indices and commodities. 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
1:400 1:30
FTSE Spread
From 0.7 pips 1.16
GBPUSD Spread
From 0.2 pips 1.8
Oil Spread
From 0.028 pips 0.05
Stocks Spread
Not Available Variable
Forex Trading
FXPesa offers 66 currency pairs, including all majors, plus a selection of minors and exotics. 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
From 0.2 pips 1.8
EURUSD Spread
From 0 pips 1.3
EURGBP Spread
From 0.2 pips 1.5
Assets
66 50
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