IQ Option vs HotForex
IQ Option | HotForex |
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Not Yet Rated
HotForex is #12 in our CFD broker rankings. |
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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 | |
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Cons | |
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Awards | |
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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 | |
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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. |
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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 | |
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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 |
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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | |
More Comparisons | |
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