HotForex vs HF Markets Broker Comparison

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.

Rating
94.3/100
94.3/100
Min. Deposit
5$
50$
Regulated By
FSCAFSCA
FSA(SVG)FSA(SVG)
FCAFCA
FSCAFSCA
FSA(SVG)FSA(SVG)
Bonus
100%
No Information
Min. Spread
1
0.1
Max. Leverage
1:1000
1:30
Currency Pairs
50
50
Trading Instruments
160
160
Trading Platforms
MT4, MT5, mobile
MT4, MT5, mobile
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Type of Brokers
STP/ECN
STP/ECN
Customer Support
24/5
24/5
Language Support
27
27
Established
2010
2010
Used By
2,000,000+ Traders
2,000,000+ 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*

*Based on Standard account type.

Non-Trading Fees

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

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

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

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

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.

HotForex vs HF Markets
HotForex
94.3
Points
HF Markets
94.3
Points
Overall
HotForex
95
Points
HF Markets
95
Points
Commissions & Fees
HotForex
96
Points
HF Markets
96
Points
Licensing & Safety
HotForex
89
Points
HF Markets
89
Points
Trading Platforms & Tools
HotForex
98
Points
HF Markets
98
Points
Payments
HotForex
92
Points
HF Markets
92
Points
Customer Service
HotForex
96
Points
HF Markets
96
Points
Educational
Open Account in HF Markets