HotForex vs Plus500

HotForex vs Plus500 Comparison Table 2022
HotForex Plus500
Not Yet Rated
United States Flag Traders from US accepted
4.5
United States Flag Traders from US not 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. An investor with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency (Availability subject to regulation), Options and Indices. With tight spreads and no commission, they are a leading global brand.
73% of retail CFD accounts lose money.
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 Overall Broker 2021 - DayTrading.com
Best Overall Broker 2020 - DayTrading.com
Best Overall Broker 2019 - DayTrading.com
Bonus
None None
Instruments
Stocks, CFD, Forex, ETFs, Volatility Index CFDs
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Payment Methods
M-Pesa, Mastercard, Neteller, Skrill, Sticpay, Trustly, UnionPay, Visa, Wire Transfer Credit Card, Debit Card, Mastercard, PayPal, Skrill, Swift, Visa, Wire Transfer
Minimum Trade
0.01 lots Varies by asset
Regulator
FCA, DFSA, FSCA, CySEC, FSC, CMA, JFSA FCA, MAS, CySec, ASIC, FSA
Margin Trading
Yes Yes
MetaTrader 4
Yes No
MetaTrader 5
Yes No
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
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 Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS, Android and Windows
Auto Trading
HotForex supports automated trading through access to MetaTrader 4 and MetaTrader 5, both of which have extensive expert advisor integration systems. -
Trade Signals
Yes -
VPS Hosting
No No
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No Yes
Social Trading
No No
Copy Trading
No No
Islamic Account
Yes No
Account Currencies
USD, EUR, GBP, PLN USD, EUR, GBP, AUD, ZAR, CZK
Stock Exchanges
Australian Securities Exchange, Deutsche Boerse, Euronext, Japan Exchange Group, New York Stock Exchange, SIX Swiss Exchange Trading Australian Securities Exchange, Deutsche Boerse, Euronext, London Stock Exchange, SIX Swiss Exchange Trading
CFD
HotForex has CFD trading in stocks and shares, indices, ETFs, metals, energies, agricultural commodities and forex.
Leverage
1:30 1:30
FTSE Spread
1.16 Variable
GBPUSD Spread
1.8 Variable
Oil Spread
0.05 Variable
Stocks Spread
Variable Variable
Forex
HotForex has CFD trading on over 50 major, minor and exotic currency pairs with MT4 and MT5 accounts. Forex trading not offered
GBPUSD Spread
1.8 Variable
EURUSD Spread
1.3 Variable
EURGBP Spread
1.5 Variable
Assets
50 70+
73% of retail CFD accounts lose money.
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