IQ Option vs HotForex

IQ Option vs HotForex Comparison Table 2023
IQ Option HotForex
4
Not Yet Rated

HotForex is #12 in our CFD broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

Open an account with just $10. Trade via CFD over 10 Cryptocurrencies directly, traditional forex with low spreads.

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.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Comment by Reviewer
"IQ Option is a good broker for beginners with an easy to use platform and a low minimum investment."
Pros
  • User-friendly platform for beginners
  • Excellent range of payment methods
  • Reliable 24/7 multilingual support
  • Access to IQ Option community
  • High payouts on binary options
  • iOS & Android compatible app
Cons
  • €10 inactivity fee after 90 days
  • No MetaTrader 4 integration
Awards
  • Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net
  • Best Binary Broker 2021 - DayTrading.com
  • 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
CFD, Forex, Crypto, Stocks, Digital Options Stocks, CFD, Forex, ETFs, Volatility Index
Demo Account
Yes Yes
Minimum Deposit
$10 $100
Payment Methods
Minimum Trade
0.001 lots 0.01 lots
Regulator
FCA, DFSA, FSCA, CySEC, FSC, CMA, JFSA
Margin Trading
Yes Yes
Margin Rate
0.2%
MetaTrader 4
No Yes
MetaTrader 5
No Yes
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
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
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No 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.
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
Yes 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
  • EUR
  • GBP
  • ZAR
  • USD
  • EUR
  • GBP
  • PLN
Stock Exchanges
Commodities
CFD Trading
IQ Option offers highly leveraged CFDs on 6 asset classes through its award-winning platform. HotForex has CFD trading in stocks and shares, indices, ETFs, metals, energies, agricultural commodities and forex.
Leverage
1:500 1:30
FTSE Spread
1.16
GBPUSD Spread
1 1.8
Oil Spread
2.3 0.05
Stocks Spread
2 Variable
Forex Trading
IQ Option offer forex trading on a range of currencies. Spreads are on the high side and the brand do not excel in this area. HotForex has CFD trading on over 50 major, minor and exotic currency pairs with MT4 and MT5 accounts.
Forex App

IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have synchronised the look and feel of both the Webtrader and mobile platform, making switching between the two, seamless. Try it out via the free demo account.

GBPUSD Spread
5 pips 1.8
EURUSD Spread
14 pips 1.3
EURGBP Spread
15 pips 1.5
Assets
250+ 50
Cryptocurrency
IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets. Crypto trading not offered
Spread
BTC 7%, ETH 12% (Var)
Coins
  • BTC
  • TRX
  • XRP
  • BCH
  • ETH
  • EOS
  • OMG
  • ETC
  • QTUM
  • ZEC
  • LTC
  • DASH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low minimum deposit. Binary options trading not offered
Payout
91%
Ladder Options
Yes No
Boundary Options
Yes No
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
More Comparisons
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HotForex
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