Olymp Trade vs HotForex

Olymp Trade vs HotForex Comparison Table 2023
Olymp Trade Review 2023	HotForex Review 2023
Review 1.5	Review 4 HotForex is #13 in our CFD broker rankings. HotForex is now HF Markets. See our review of HF Markets for our latest findings and expert verdict.
Traders from US not accepted See available binary options brokers	Traders from US accepted
Olymp Trade was established in 2014 and now boasts over 25k active traders each day. With a presence in over 130 countries and support in 13 languages, the brand offers a stable platform, competitive spreads and attractive rewards for new traders. Olymp Trade also offers fixed time trades over a huge range of markets.	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.
Comment by Reviewer
"Olymp Trade is a good option for beginners looking for access to popular financial markets, 24/7 support, and a user-friendly trading platform."	"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."
Pros
Over 10 flexible payment methods including bank cards and Bitcoin deposits Diverse asset classes including commodities, cryptos and composite indices Comprehensive blog section with analytics, trading education and market news Minimum deposit and withdrawals of only $10, ideal for newer traders 24/7 customer support via the broker's hotline, email or live chat Fixed time trades on popular markets	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
Cons
Offshore broker with weak regulatory oversight Only one proprietary platform available Limited transparency	No cryptocurrency trading No proprietary trading software
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
Fixed Time Trades	Stocks, CFD, Forex, ETFs, Volatility Index
Demo Account
Yes	Yes
Minimum Deposit
$10	$100
Trading Platforms
Own	MT4 MT5
Payment Methods
AstroPay Bitcoin Payments Doku Wallet FasaPay Flutterwave M-Pesa Neteller Perfect Money Skrill WebMoney Wire Transfer Yandex Money	M-Pesa Mastercard Neteller PayRedeem Skrill Sticpay Trustly UnionPay Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
FinaCom	FCA, DFSA, FSCA, CySEC, FSC, CMA, JFSA
Margin Trading
No	Yes
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
No	No
Market Maker
No	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
No	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	USD EUR GBP PLN
Stock Exchanges
	Australian Securities Exchange Deutsche Boerse Euronext Japan Exchange Group New York Stock Exchange SIX Swiss Exchange
Commodities
	Silver
CFD Trading
CFD trading not offered	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.
Leverage
	1:30
FTSE Spread
	1.16
GBPUSD Spread
	1.8
Oil Spread
	0.05
Stocks Spread
	Variable
Forex Trading
Forex trading not offered	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.
GBPUSD Spread
	1.8
EURUSD Spread
	1.3
EURGBP Spread
	1.5
Assets
	50
Cryptocurrency
Olymp Trade offers a handful of leading cryptos like Bitcoin and Ethereum. The Basic Altcoin Index is also a great addition, offering broader exposure to the currency market for those that don't want to put all their money in one crypto.	Crypto trading not offered
Spread
Variable
Coins
BTC ETH LTC DASH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Olymp Trade offers fixed time trades on a huge range of markets. Established in 2014, the firm now sees more than 30 million monthly transactions with an average monthly payout of over $16 million.	Binary options trading not offered
Payout
90%
Expiry Times
5 seconds - 23 hours
Ladder Options
No	No
Boundary Options
No	No

Review	Review
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