Interactive Brokers vs HotForex

Interactive Brokers vs HotForex Comparison Table 2022
Interactive Brokers HotForex
United States Flag Traders from US accepted
United States Flag Traders from US accepted
IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only. 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.
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
Bonus
None None
Instruments
Stocks, Futures, E-minis, Options, CFD, Forex, Crypto Stocks, CFD, Forex, ETFs, Volatility Index
Demo Account
Yes Yes
Minimum Deposit
$10000 $100
Payment Methods
ACH Transfer, Apple Pay, Cheque, Credit Card, Google Pay, JCB Card, Mastercard, Samsung Pay M-Pesa, Mastercard, Neteller, Skrill, Sticpay, Trustly, UnionPay, Visa, Wire Transfer
Minimum Trade
$100 0.01 lots
Regulator
SEC, FCA, IIROC, SFC FCA, DFSA, FSCA, CySEC, FSC, CMA, JFSA
Margin Trading
Yes Yes
Margin Rate
1.55 - 2.59%
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
Yes No
OmniTrader
Yes No
TradingView
No No
Autochartist
No No
eSignal
Yes No
Trading Central
Yes No
STP Account
Yes No
ECN Account
No Yes
DMA Account
Yes Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS, Android and Windows iOS & Android
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
No Yes
Ethical Investing
No No
Social Trading
No No
Copy Trading
No No
Islamic Account
No Yes
Account Currencies
USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF USD, EUR, GBP, PLN
Stock Exchanges
Chicago Mercantile Exchange, Euronext, Korean Stock Exchange, London Metal Exchange, London Stock Exchange, New York Stock Exchange, Shenzhen Stock Exchange, Toronto Stock Exchange Australian Securities Exchange, Deutsche Boerse, Euronext, Japan Exchange Group, New York Stock Exchange, SIX Swiss Exchange Trading
CFD
HotForex has CFD trading in stocks and shares, indices, ETFs, metals, energies, agricultural commodities and forex.
Leverage
1:50 1:30
FTSE Spread
0.005% (£1 Min) 1.16
GBPUSD Spread
Commission (.20 pts x trade value) 1.8
Oil Spread
N/A 0.05
Stocks Spread
From 0.003 per share, variable Variable
Forex
HotForex has CFD trading on over 50 major, minor and exotic currency pairs with MT4 and MT5 accounts.
GBPUSD Spread
Commission (.20 pts x trade value) 1.8
EURUSD Spread
Commission (.20 pts x trade value) 1.3
EURGBP Spread
Commission (.20 pts x trade value) 1.5
Assets
70+ 50
Cryptocurrency
Crypto trading not offered
Spread
Coins
BTC, LTC, ETH, XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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