Trade Nation vs HotForex Broker Comparison

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

Rating
91/100
94.3/100
Min. Deposit
5$
Regulated By
FCAFCA
FSCAFSCA
ASICASIC
FSCAFSCA
FSA(SVG)FSA(SVG)
Bonus
No Information
100%
Min. Spread
1.5
1
Max. Leverage
1:200
1:1000
Currency Pairs
33
50
Trading Instruments
2,500
160
Trading Platforms
MT4, WebTrader
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
24/5
24/5
Language Support
1
27
Established
2014
2010
Used By
10,000+ Traders
2,000,000+ Traders

Does Trade Nation 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 Trade Nation and HotForex are, we first considered the common fees on Standard Accounts. At Trade Nation the average spread for the EUR/USD currency pair is 1.5 pips, whilst at HotForex the spread is 1.

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

When it comes to non-trading fees, Trade Nation charges for . HotForex charges for inactivity. With this in mind, Trade Nation 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, Trade Nation 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.

Trade Nation is regulated by FCA, FSCA, ASIC, SCB, FSP 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

How many trading instruments are available at Trade Nation and HotForex?

Trade Nation provides traders with 2,500 instruments. This includes 33 currency pairs, 0 cryptocurrencies, and 2000+ stocks and shares. With Trade Nation, 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 Trade Nation has 2,500, a difference of 2340, this shows that HotForex offers more opportunities to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, Trade Nation 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.

Trade Nation provides you with the ability to trade via 2 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, Trade Nation 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 Trade Nation and HotForex reviews.

Trade Nation vs HotForex
Trade Nation
91
Points
HotForex
94.3
Points
Overall
3 points
Trade Nation
90
Points
HotForex
95
Points
Commissions & Fees
5 points
Trade Nation
92
Points
HotForex
96
Points
Licensing & Safety
4 points
Trade Nation
92
Points
HotForex
89
Points
Trading Platforms & Tools
3 points
Trade Nation
88
Points
HotForex
98
Points
Payments
10 points
Trade Nation
85
Points
HotForex
92
Points
Customer Service
7 points
Trade Nation
85
Points
HotForex
96
Points
Educational
11 points
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