HotForex vs AvaTrade Broker Comparison

Are you trying to figure out which is a better broker, HotForex or AvaTrade? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that AvaTrade is the better of the two. AvaTrade offers 250+ instruments, licenses from FSCA, ASIC, IIROC, FSC, FSA, CBI, and fair trading fees.

In the tables below, you can compare the features of HotForex and AvaTrade 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 AvaTrade higher than HotForex.

Rating
94.3/100
96.8/100
Min. Deposit
5$
100$
Regulated By
FSCAFSCA
FSA(SVG)FSA(SVG)
FSCAFSCA
ASICASIC
IIROCIIROC
FSCFSC
Bonus
100%
Up to 20%
Min. Spread
1
0.6
Max. Leverage
1:1000
1:400
Currency Pairs
50
55
Trading Instruments
160
250+
Trading Platforms
MT4, MT5, mobile
MT4, MT5, mobile, WebTrader
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Type of Brokers
STP/ECN
Market Maker
Customer Support
24/5
24/5
Language Support
27
14
Established
2010
2006 HQ in Dublin
Used By
2,000,000+ Traders
200,000+ Traders

Does HotForex or AvaTrade 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 AvaTrade 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 AvaTrade the spread is 0.6.

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

When it comes to non-trading fees, HotForex charges for inactivity. AvaTrade 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 AvaTrade?

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. AvaTrade is regulated by FSCA, ASIC, IIROC, FSC, FSA, CBI and offers client protection.

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

Broker summary

How many trading instruments are available at HotForex and AvaTrade?

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, AvaTrade boasts 250+ tradable instruments. AvaTrade offers 55 currency pairs, 14 cryptocurrencies, and 617 stocks and shares. AvaTrade 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 AvaTrade?

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 AvaTrade has 4 trading platforms. Both brokers also offer research and trading tools, however AvaTrade has more.

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

Research Tools

Which is better for beginners, HotForex or AvaTrade?

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 AvaTrade is the better broker in a range of key areas. You can learn more by reading our HotForex and AvaTrade reviews.

HotForex vs AvaTrade
HotForex
94.3
Points
AvaTrade
96.8
Points
Overall
2 points
HotForex
95
Points
AvaTrade
92
Points
Commissions & Fees
3 points
HotForex
96
Points
AvaTrade
96
Points
Licensing & Safety
HotForex
89
Points
AvaTrade
98
Points
Trading Platforms & Tools
9 points
HotForex
98
Points
AvaTrade
88
Points
Payments
10 points
HotForex
92
Points
AvaTrade
89
Points
Customer Service
3 points
HotForex
96
Points
AvaTrade
95
Points
Educational
1 points
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