HotForex vs. FXOpen
Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.
Pros and Cons
Pros- Trade CFDs on all asset classes, including ETFs.
- Trade through MetaTrader 4 or 5.
- Get Direct Market Access.
- Low 20% stop-out level.
- PAMM accounts are available.
Cons- You cannot buy shares or cryptocurrency (only CFDs).
- Monthly inactivity fee after 6 months.
Awards- Best Forex Trading Conditions, 2020 - IBM
- Best Client Security, 2020 - Global Brands
- Best Copy Trading Platform, 2019 - Forex Awards
- Pros
- Leverage up to 1:500.
- Trade on MetaTrader 4, 5 or TickTrader.
- All trading strategies allowed (ECN account).
- Account base currencies: USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, mBTC.
- Cons
- Withdrawal fees between 2.5% and 8.25% (depending on your deposit method), if you request a withdrawal before meeting minimum notional trading volume requirements.
- FXOpen is only regulated in Nevis.
- Awards
- High-quality order execution, 2018 - VerifyMyTrade
- Best Forex Broker Australia, 2011 - World Finance
- Best Trading Platform, 2010 - Falcon Award
Markets
| Asset classes | HotForex ▷ | FXOpen ▷ |
| Forex (CFD) |  | |
|---|---|---|
| Cryptos (CFD) | | |
| Stocks (CFD) | | |
| Indices (CFD) | | |
| ETFs (CFD) | | NA |
| Metals (CFD) | | |
| Energy (CFD) | | |
| Commodities (CFD) | | NA |
| Bonds (CFD) | | NA |
| Asset classes (#) | HotForex ▷ | FXOpen ▷ |
| Forex (CFD) | 48 | 51 |
| Cryptos (CFD) | 12 | 43 |
| Stocks (CFD) | 56 | 100 |
| Indices (CFD) | 23 | 10 |
| ETFs (CFD) | 34 | NA |
| Metals (CFD) | 6 | 2 |
| Energy (CFD) | 5 | 3 |
| Commodities (CFD) | 5 | NA |
| Bonds (CFD) | 3 | NA |
Trading platforms
| Trading platforms | HotForex ▷ | FXOpen ▷ |
| MetaTrader 4 | | |
|---|---|---|
| MetaTrader 5 | | |
| cTrader | NA |  |
| Currenex | | |
| Copy trading | | |
| Mirror trading | | |
| Other platforms | NA | TickTrader |
| Operating systems | HotForex ▷ | FXOpen ▷ |
| Web trader | | |
| Android | | |
| iOS | | |
Account funding
| Deposits and withdrawals | HotForex ▷ | FXOpen ▷ |
| Bank transfer | | |
|---|---|---|
| Credit card | | |
| Debit card | | |
| Bitcoin | NA | |
| bitwallet | | NA |
| China UnionPay | | NA |
| DixiPay | NA | |
| FasaPay | | |
| NETELLER | | NA |
| Perfect Money | NA | |
| QIWI Wallet | NA | |
| Skrill | | |
| SorexPay | NA | |
| WebMoney | | |
| Yandex.Money | | |
| Account base currencies | HotForex ▷ | FXOpen ▷ |
| AUD - Australian Dollar | NA | |
| CHF - Swiss Franc | NA | |
| EUR - Euro | | |
| GBP - British Pound | NA | |
| JPY - Japanese Yen | NA | |
| RUB - Russian Rouble | NA | |
| SGD - Singapore Dollar | NA | |
| USD - U.S. Dollar | | |
Regulators
| Company information | HotForex ▷ | FXOpen ▷ |
| Company name | HF Markets (SV) Ltd | FXOpen NZ Limited |
|---|---|---|
| Head office | St. Vincent & the Grenadines | Auckland, New Zealand |
| Incorporation date | 2010 | 2005 |
| Regulators | HotForex ▷ | FXOpen ▷ |
| Australia | NA | AFSL No. 412871 |
| CySEC | CySEC 183/12 | NA |
| France | ACPR No. 74492 | NA |
| Germany | BaFin No. 132342 | NA |
| Mauritius | No. C110008214 | NA |
| Nevis | NA | Nevis No. C 42235 |
| South Africa | FSCA No. 46632 | NA |
| UK | FCA No. 600473 | FCA No. 579202 |
