HotForex vs Alpari International Broker Comparison

Are you trying to figure out which is a better broker, HotForex or Alpari International? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that HotForex is the better of the two. HotForex offers 160 instruments, licenses from FSCA, FSA(SVG), and fair trading fees.

In the tables below, you can compare the features of HotForex and Alpari International side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked HotForex higher than Alpari International.

Rating
94.3/100
90/100
Min. Deposit
5$
5$
Regulated By
FSCAFSCA
FSA(SVG)FSA(SVG)
FCAFCA
Bonus
100%
Cashback
Min. Spread
1
1.2
Max. Leverage
1:1000
1:1000
Currency Pairs
50
60
Trading Instruments
160
90+
Trading Platforms
MT4, MT5, mobile
MT4, MT5, mobile
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Bank TransferBank transfer, Visa, MasterCard, E-Wallets and more
Type of Brokers
STP/ECN
STP/ECN
Customer Support
24/5
24/5
Language Support
27
8
Established
2010
1998
Used By
2,000,000+ Traders
2,000,000+ Traders

Does HotForex or Alpari International have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive HotForex and Alpari International are, we first considered the common fees on Standard Accounts. At HotForex the average spread for the EUR/USD currency pair is 1 pips, whilst at Alpari International the spread is 1.2.

This shows that HotForex is the better option for low-cost forex trading.

When it comes to non-trading fees, HotForex charges for inactivity. Alpari International charges for inactivity. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that HotForex is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, HotForex or Alpari International?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

HotForex is regulated by FSCA, FSA(SVG) and offers client protection. Alpari International is regulated by FCA and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that HotForex is the safer broker.

Broker summary

How many trading instruments are available at HotForex and Alpari International?

HotForex provides traders with 160 instruments. This includes 50 currency pairs, 12 cryptocurrencies, and 944 stocks and shares. With HotForex, you can also trade CFDs.

In comparison, Alpari International boasts 90+ tradable instruments. Alpari International offers 60 currency pairs, 4 cryptocurrencies, and 10 stocks and shares. Alpari International also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, HotForex or Alpari International?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

HotForex provides you with the ability to trade via 3 trading platforms, and Alpari International has 3 trading platforms, too. Both brokers also offer research and trading tools, however HotForex has more.

Overall, our experts agree that HotForex boasts the better trading platform offering.

Research Tools

Which is better for beginners, HotForex or Alpari International?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that HotForex is the better broker for beginner traders as it offers a larger range of educational tools and materials. HotForex also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that HotForex is the better broker in a range of key areas. You can learn more by reading our HotForex and Alpari International reviews.

HotForex vs Alpari International
HotForex
94.3
Points
Alpari International
90
Points
Overall
4 points
HotForex
95
Points
Alpari International
92
Points
Commissions & Fees
3 points
HotForex
96
Points
Alpari International
93
Points
Licensing & Safety
3 points
HotForex
89
Points
Alpari International
90
Points
Trading Platforms & Tools
1 points
HotForex
98
Points
Alpari International
96
Points
Payments
2 points
HotForex
92
Points
Alpari International
96
Points
Customer Service
4 points
HotForex
96
Points
Alpari International
88
Points
Educational
8 points
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