HotForex vs Oanda

HotForex vs OANDA Comparison Table 2022
HotForex OANDA
WINNER
OANDA is the better broker
Not Yet Rated
United States Flag Traders from US accepted
4.5
United States Flag Traders from US accepted
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. OANDA offers 70 forex pairs with two competitive pricing models and a substantial welcome deposit bonus
OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
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
  • Best Trading Tools winner
  • (Online Personal Wealth Awards 2021)
  • Awarded highest overall client satisfaction
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Awarded highest client satisfaction for mobile platform/app
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Voted Most Popular Broker 2021
  • (TradingView Broker Awards)
  • Voted Best Forex and CFD Broker 2021
  • (TradingView Broker Awards)
Bonus
$5,000 welcome bonus with a deposit of $500
Instruments
Stocks, CFD, Forex, ETFs, Volatility Index Forex
Demo Account
Yes Yes
Minimum Deposit
$100 $0
Payment Methods
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits
Minimum Trade
0.01 lots $0
Regulator
FCA, DFSA, FSCA, CySEC, FSC, CMA, JFSA CFTC, NFA
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No Yes
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
Yes No
DMA Account
Yes No
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 Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android FxTrade, MT4
Auto Trading
HotForex supports automated trading through access to MetaTrader 4 and MetaTrader 5, both of which have extensive expert advisor integration systems. EAs
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No
Guaranteed Stop Loss
Yes
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • PLN
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
HotForex has CFD trading in stocks and shares, indices, ETFs, metals, energies, agricultural commodities and forex. CFD trading not offered
Leverage
1:30 1:30 EU, 1:200 Global
FTSE Spread
1.16 1.0
GBPUSD Spread<
1.8 3.4
Oil Spread
0.05 3.0
Stocks Spread
Variable Not offered
Forex Trading
HotForex has CFD trading on over 50 major, minor and exotic currency pairs with MT4 and MT5 accounts. Take positions on major, minor and exotic currency pairs with competitive trading conditions.
Forex App

The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 70 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play.

GBPUSD Spread
1.8 3.4
EURUSD Spread
1.3 1.6
EURGBP Spread
1.5 1.7
Assets
50 70
OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
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