HotForex vs HF Markets Broker Comparison

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

In the tables below, you can compare the features of HotForex and HF Markets 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 HF Markets 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.
HotforexHF-Markets
OPEN ACCOUNTReviewReview
RATING94.3/10094.3/100
MIN. DEPOSIT5$50$
REGULATED BYsouth africa st-vincent-the-grenadinesuk south africa st-vincent-the-grenadines
BONUS100%No Information
MIN. SPREAD10.1
MAX. LEVERAGE1:10001:30
CURRENCY PAIRS5050
TRADING INSTRUMENTS160160
TRADING PLATFORMSMT4, MT5, MobileMT4, MT5, Mobile
DEPOSIT METHODSBank transfer, Visa, Mastercard, Skrill, Netseller, SofortBank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
TYPE OF BROKERSSTP/ECNSTP/ECN
CUSTOMER SUPPORT24/524/5
LANGUAGE SUPPORT2727
ESTABLISHED20102010
USED BY2,000,000+ Traders2,000,000+ Traders

Does HotForex or HF Markets 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 HF Markets 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 HF Markets the spread is 0.1.

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

When it comes to non-trading fees, HotForex charges for inactivity. HF Markets 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 is the better option.

Trading Fees*

TYPE OF FEEHOTFOREXHF MARKETS
Minimum Spread EURUSD (pips)10.1
Commission (%)00
Commission on Islamic Accounts (%)00

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEHOTFOREXHF MARKETS
Account FeesNN
Inactivity FeesYY
Deposit FeesNN
Withdrawal FeesNN

Which broker is safer, HotForex or HF Markets?

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. HF Markets is regulated by FCA, FSCA, FSA(SVG), DFSA 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

HOTFOREXHF MARKETS
Minimum Deposit (USD $)550
LicensesFSCA, FSA(SVG)FCA, FSCA, FSA(SVG), DFSA
Max. Leverage1:10001:30
Client ProtectionYY
Broker TypeSTP/ECNSTP/ECN
Number of Instruments160160
Currency Pairs5050
Stocks944944
Cryptocurrencies1212
CFDsYY
Proprietary Trading PlatformNN
MT 4YY
MT 5YY
Mobile CompatibleYY
Research ToolsYY
Educational MaterialsYY
Payment MethodsBank transfer, Visa, Mastercard, Skrill, Netseller, SofortBank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
24/5 Customer SupportYY
Live ChatYY

How many trading instruments are available at HotForex and HF Markets?

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, HF Markets boasts 160 tradable instruments. HF Markets offers 50 currency pairs, 12 cryptocurrencies, and 944 stocks and shares. HF Markets 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

INSTRUMENTHOTFOREXHF MARKETS
Currency Pairs5050
Commodities1010
Precious Metals66
Indices2322
Stocks and Shares944944
Cryptocurrencies1212
Options00
ETFs11

Which broker offers the best trading platform, HotForex or HF Markets?

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 HF Markets has 3 trading platforms, too. Both brokers also offer research and trading tools, however HF Markets has more.

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

Research Tools

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

Which is better for beginners, HotForex or HF Markets?

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

Educational Features

FEATUREHOTFOREXHF MARKETS
Demo AccountYY
Platform Tutorial VideosYY
Educational PDFsYY
Live WebinarsYY
YouTube VideosYY
Trading AcademyYY
Trading GlossaryNN

Which broker is better overall?

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

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