NAGA.com vs HotForex Broker Comparison

Are you trying to figure out which is a better broker, NAGA.com or HotForex? 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 NAGA.com and HotForex 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 NAGA.com.

Rating
90/100
94.3/100
Min. Deposit
250$
5$
Regulated By
CySecCySec
FSCAFSCA
FSA(SVG)FSA(SVG)
Bonus
N/A
100%
Min. Spread
1
1
Max. Leverage
1:30
1:1000
Currency Pairs
300
50
Trading Instruments
950+
160
Trading Platforms
MT4, MT5
MT4, MT5, mobile
Deposit Methods
Bank Transfer, Debit cards, Credit Cards, Skrill
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Type of Brokers
Market Maker
STP/ECN
Customer Support
24/7
24/5
Language Support
10
27
Established
2015
2010
Used By
2,000,000+ Traders

Does NAGA.com or HotForex 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 NAGA.com and HotForex are, we first considered the common fees on Standard Accounts. At NAGA.com the average spread for the EUR/USD currency pair is 1 pips, whilst at HotForex the spread is 1.

This shows that both brokers equally provide low-cost forex trading opportunities.

When it comes to non-trading fees, NAGA.com charges for inactivity, withdrawal. HotForex charges for inactivity. 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*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, NAGA.com or HotForex?

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.

NAGA.com is regulated by CySec and does not offer client protection. HotForex is regulated by FSCA, FSA(SVG) and does not offer 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 NAGA.com and HotForex?

NAGA.com provides traders with 950+ instruments. This includes 300 currency pairs, 27 cryptocurrencies, and 400+ stocks and shares. With NAGA.com, you can also trade CFDs.

In comparison, HotForex boasts 160 tradable instruments. HotForex offers 50 currency pairs, 12 cryptocurrencies, and 944 stocks and shares. HotForex also allows CFD trading.

As HotForex has 160 and NAGA.com has 950+, a difference of 790, this shows that HotForex offers more opportunities to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, NAGA.com or HotForex?

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.

NAGA.com provides you with the ability to trade via 3 trading platforms, and HotForex has 3 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

Which is better for beginners, NAGA.com or HotForex?

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 NAGA.com and HotForex reviews.

NAGA.com vs HotForex
NAGA.com
90
Points
HotForex
94.3
Points
Overall
4 points
NAGA.com
88
Points
HotForex
95
Points
Commissions & Fees
7 points
NAGA.com
85
Points
HotForex
96
Points
Licensing & Safety
11 points
NAGA.com
90
Points
HotForex
89
Points
Trading Platforms & Tools
1 points
NAGA.com
95
Points
HotForex
98
Points
Payments
3 points
NAGA.com
95
Points
HotForex
92
Points
Customer Service
3 points
NAGA.com
80
Points
HotForex
96
Points
Educational
16 points
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