HotForex vs eToro Broker Comparison

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Are you trying to figure out which is a better broker, HotForex or eToro? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that eToro is the better of the two. eToro offers 2,200+ instruments, licenses from FCA, CySec, and fair trading fees.

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

Methodology:
This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive.
HotforexeToro
OPEN ACCOUNTReviewReview
RATING94.3/10094.7/100
MIN. DEPOSIT5$1000$
REGULATED BYsouth africa st-vincent-the-grenadinesuk europe
BONUS100%No Information
MIN. SPREAD13
MAX. LEVERAGE1:10001:400
CURRENCY PAIRS5047
TRADING INSTRUMENTS1602,200+
TRADING PLATFORMSMT4, MT5, MobileMobile, Private
DEPOSIT METHODSBank transfer, Visa, Mastercard, Skrill, Netseller, SofortBank transfer, Visa, MasterCard, Skrill, Neteller, Revolut, PayPal and more
TYPE OF BROKERSSTP/ECNSTP/NDD
CUSTOMER SUPPORT24/524/5
LANGUAGE SUPPORT2720
ESTABLISHED20102007
USED BY2,000,000+ Traders100,000+ Traders

Does HotForex or eToro 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 eToro 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 eToro the spread is 3.

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

When it comes to non-trading fees, HotForex charges for inactivity. eToro charges for account, deposit. With this in mind, HotForex has lower non-trading fees.

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

Trading Fees*

TYPE OF FEEHOTFOREXETORO
Minimum Spread EURUSD (pips)13
Commission (%)00
Commission on Islamic Accounts (%)00

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEHOTFOREXETORO
Account FeesNY
Inactivity FeesYN
Deposit FeesNY
Withdrawal FeesNN

Which broker is safer, HotForex or eToro?

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. eToro is regulated by FCA, CySec and offers client protection.

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

Broker summary

HOTFOREXETORO
Minimum Deposit (USD $)51000
LicensesFSCA, FSA(SVG)FCA, CySec
Max. Leverage1:10001:400
Client ProtectionYY
Broker TypeSTP/ECNSTP/NDD
Number of Instruments1602,200+
Currency Pairs5047
Stocks9442041
Cryptocurrencies1216
CFDsYY
Proprietary Trading PlatformNN
MT 4YN
MT 5YN
Mobile CompatibleYY
Research ToolsYY
Educational MaterialsYY
Payment MethodsBank transfer, Visa, Mastercard, Skrill, Netseller, SofortBank transfer, Visa, MasterCard, Skrill, Neteller, Revolut, PayPal and more
24/5 Customer SupportYY
Live ChatYY

How many trading instruments are available at HotForex and eToro?

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, eToro boasts 2,200+ tradable instruments. eToro offers 47 currency pairs, 16 cryptocurrencies, and 2041 stocks and shares. eToro 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

INSTRUMENTHOTFOREXETORO
Currency Pairs5047
Commodities1019
Precious Metals67
Indices2313
Stocks and Shares9442041
Cryptocurrencies1216
Options00
ETFs11

Which broker offers the best trading platform, HotForex or eToro?

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 eToro has 2 trading platforms. 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

TOOLHOTFOREXETORO
News (from top-tier sources)YY
Trading Signals and IndicatorsYY
Trade IdeasYY
Expert AnalysisYY
Autochartist ToolsYN
Sentiment ChartsYY
Economic CalendarYY

Which is better for beginners, HotForex or eToro?

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 eToro is the better broker for beginner traders as it offers a larger range of educational tools and materials. eToro also has a minimum deposit of $.

Educational Features

FEATUREHOTFOREXETORO
Demo AccountYY
Platform Tutorial VideosYY
Educational PDFsYY
Live WebinarsYY
YouTube VideosYY
Trading AcademyYY
Trading GlossaryNY

Which broker is better overall?

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

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