Vantage FX vs HotForex Broker Comparison

Are you trying to figure out which is a better broker, Vantage FX or HotForex? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that Vantage FX is the better of the two. Vantage FX offers 300+ instruments, licenses from FCA, ASIC, CIMA, and fair trading fees.

In the tables below, you can compare the features of Vantage FX 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 Vantage FX higher than HotForex.

Rating
95.3/100
94.3/100
Min. Deposit
200$
5$
Regulated By
FCAFCA
ASICASIC
CIMACIMA
FSCAFSCA
FSA(SVG)FSA(SVG)
Bonus
50 USD No Deposit Bonus
100%
Min. Spread
1.4
1
Max. Leverage
1:500
1:1000
Currency Pairs
40
50
Trading Instruments
300+
160
Trading Platforms
MT4, MT5, WebTrader, Private
MT4, MT5, mobile
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Type of Brokers
STP/ECN
STP/ECN
Customer Support
24/5
24/5
Language Support
5
27
Established
2009
2010
Used By
650,000 Traders
2,000,000+ Traders

Does Vantage FX 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 Vantage FX and HotForex are, we first considered the common fees on Standard Accounts. At Vantage FX the average spread for the EUR/USD currency pair is 1.4 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, Vantage FX charges for . HotForex charges for inactivity. With this in mind, Vantage FX has lower non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that Vantage FX is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Vantage FX 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.

Vantage FX is regulated by FCA, ASIC, CIMA 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 Vantage FX is the safer broker.

Broker summary

How many trading instruments are available at Vantage FX and HotForex?

Vantage FX provides traders with 300+ instruments. This includes 40 currency pairs, 0 cryptocurrencies, and 100 stocks and shares. With Vantage FX, 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 Vantage FX has 300+, a difference of 140, this shows that HotForex offers more opportunities to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, Vantage FX 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.

Vantage FX 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 Vantage FX has more.

Overall, our experts agree that Vantage FX boasts the better trading platform offering.

Research Tools

Which is better for beginners, Vantage FX 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 Vantage FX is the better broker in a range of key areas. You can learn more by reading our Vantage FX and HotForex reviews.

Vantage FX vs HotForex
Vantage FX
95.3
Points
HotForex
94.3
Points
Overall
1 points
Vantage FX
96
Points
HotForex
95
Points
Commissions & Fees
1 points
Vantage FX
97
Points
HotForex
96
Points
Licensing & Safety
1 points
Vantage FX
99
Points
HotForex
89
Points
Trading Platforms & Tools
10 points
Vantage FX
98
Points
HotForex
98
Points
Payments
Vantage FX
94
Points
HotForex
92
Points
Customer Service
2 points
Vantage FX
88
Points
HotForex
96
Points
Educational
8 points
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