Pepperstone vs HotForex Broker Comparison

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Are you trying to figure out which is a better broker, Pepperstone 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 Pepperstone 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 Pepperstone.

Methodology:
This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive.
PepperstoneHotforex
OPEN ACCOUNTReviewReview
RATING92.5/10094.3/100
MIN. DEPOSIT200$5$
REGULATED BYuk europe australia cayman-islandssouth africa st-vincent-the-grenadines
BONUSNo Information100%
MIN. SPREAD0.61
MAX. LEVERAGE1:400 retail, 1:500 pro1:1000
CURRENCY PAIRS6250
TRADING INSTRUMENTS1200+160
TRADING PLATFORMSMT4, MT5, Mobile, CTraderMT4, MT5, Mobile
DEPOSIT METHODSBank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay and moreBank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
TYPE OF BROKERSNDDSTP/ECN
CUSTOMER SUPPORT24/524/5
LANGUAGE SUPPORT427
ESTABLISHED2010, HQ in Melbourne2010
USED BY100,000+ Traders2,000,000+ Traders

Does Pepperstone 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 Pepperstone and HotForex are, we first considered the common fees on Standard Accounts. At Pepperstone the average spread for the EUR/USD currency pair is 0.6 pips, whilst at HotForex the spread is 1.

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

When it comes to non-trading fees, Pepperstone charges for withdrawal. HotForex 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*

TYPE OF FEEPEPPERSTONEHOTFOREX
Minimum Spread EURUSD (pips)0.61
Commission (%)00
Commission on Islamic Accounts (%)00

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEPEPPERSTONEHOTFOREX
Account FeesNN
Inactivity FeesNY
Deposit FeesNN
Withdrawal FeesYN

Which broker is safer, Pepperstone 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.

Pepperstone is regulated by FCA, CySec, ASIC, CIMA, DFSA, SCB, BaFin and offers client protection. HotForex is regulated by FSCA, FSA(SVG) and offers 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

PEPPERSTONEHOTFOREX
Minimum Deposit (USD $)2005
LicensesFCA, CySec, ASIC, CIMA, DFSA, SCB, BaFinFSCA, FSA(SVG)
Max. Leverage1:400 retail, 1:500 pro1:1000
Client ProtectionYY
Broker TypeNDDSTP/ECN
Number of Instruments1200+160
Currency Pairs6250
Stocks1000+944
Cryptocurrencies1812
CFDsYY
Proprietary Trading PlatformNN
MT 4YY
MT 5YY
Mobile CompatibleYY
Research ToolsYY
Educational MaterialsYY
Payment MethodsBank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay and moreBank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
24/5 Customer SupportYY
Live ChatYY

How many trading instruments are available at Pepperstone and HotForex?

Pepperstone provides traders with 1200+ instruments. This includes 62 currency pairs, 18 cryptocurrencies, and 1000+ stocks and shares. With Pepperstone, 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 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

INSTRUMENTPEPPERSTONEHOTFOREX
Currency Pairs6250
Commodities1710
Precious Metals116
Indices2523
Stocks and Shares1000+944
Cryptocurrencies1812
Options00
ETFs11

Which broker offers the best trading platform, Pepperstone 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.

Pepperstone provides you with the ability to trade via 4 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 Pepperstone boasts the better trading platform offering.

Research Tools

TOOLPEPPERSTONEHOTFOREX
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, Pepperstone 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

FEATUREPEPPERSTONEHOTFOREX
Demo AccountYY
Platform Tutorial VideosYY
Educational PDFsYY
Live WebinarsYY
YouTube VideosYY
Trading AcademyYY
Trading GlossaryYN

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 Pepperstone and HotForex reviews.

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