HotForex vs TradeStation

HotForex vs TradeStation Comparison Table 2023
HotForex	TradeStation
Review 4 HotForex is #14 in our CFD broker rankings. HotForex is now HF Markets. See our review of HF Markets for our latest findings and expert verdict.	Review 3.5 TradeStation is #14 in our CFD broker rankings.
Traders from US accepted	Traders from US accepted
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.	TradeStation is a popular, SEC-regulated broker offering stock, CFD and futures trading through powerful proprietary trading platforms. Available assets vary by region, with CFD trading available on the global branch. The US-based broker has different pricing methods split to cater for active day traders, or longer term stock holders.
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."	"TradeStation is a secure, tried-and-tested broker for stock traders who want a powerful, flexible platform. The $500 minimum deposit makes this broker a better fit for experienced traders."
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	Reputable brand with oversight from top US regulators Powerful trading platform with desktop, webtrader and mobile app Support for third-party platform add-ons Fast and responsive customer service Quick, straightforward account setup Competitive commissions on US stocks
Cons
No cryptocurrency trading No proprietary trading software	Limited ETF options with no commission-free ETFs Expensive subscription fees for many add-ons Pricing disadvantages less active traders Limited free data and in-depth research
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, CFD, Forex, ETFs, Volatility Index	Stocks, Futures, E-minis, CFD, Forex
Demo Account
Yes	Yes
Minimum Deposit
$100	$500
Trading Platforms
MT4 MT5	MT4
Payment Methods
M-Pesa Mastercard Neteller PayRedeem Skrill Sticpay Trustly UnionPay Visa Wire Transfer	ACH Transfer
Minimum Trade
0.01 Lots	Min lot size will vary
Regulator
FCA, DFSA, FSCA, CySEC, FSC, CMA, JFSA	SEC
Margin Trading
Yes	No
STP Account
No	No
ECN Account
Yes	No
DMA Account
Yes	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	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.
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	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
USD EUR GBP PLN	USD EUR GBP CAD AUD JPY CHF
Stock Exchanges
Australian Securities Exchange Deutsche Boerse Euronext Japan Exchange Group New York Stock Exchange SIX Swiss Exchange
Commodities
Silver	Soybeans
CFD Trading
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.	Trade CFDs on popular asset classes, including forex and stocks. FX CFD commissions are competitive at 0.6 basis points while for shares it's a minimum of $3 per order.
Leverage
1:30	1:20
FTSE Spread
1.16	N/A
GBPUSD Spread
1.8	N/A
Oil Spread
0.05	0.06 pips
Stocks Spread
Variable	0.2% Var
Forex Trading
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.	Speculate on 26 currencies including majors. Top-tier liquidity is available from 17 of the biggest forex dealing banks, alongside dynamic order management and low commissions.
GBPUSD Spread
1.8	Variable
EURUSD Spread
1.3	Variable
EURGBP Spread
1.5	Variable
Assets
50	26

Review	Review
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