HotForex vs. Fortrade

Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.

Pros and Cons

HotForex

  • 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
Fortrade

71% of retail CFD accounts lose money

  • Pros
  • Trade CFDs on all assets classes (except crypto).
  • Broad selection of CFDs on US and European stocks.
  • Regulated in 5 jurisdictions including Europe, the UK, Australia and Canada.
  • Cons
  • Offers only MetaTrader 4 and its in-house trading platform.
  • No CFDs on crypto-currencies.

Trading platforms

Trading platformsHotForex ▷Fortrade ▷
MetaTrader 4
MetaTrader 5
cTraderNA
Currenex
Copy trading
Mirror trading
Other platformsNAFortrader
Operating systemsHotForex ▷Fortrade ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsHotForex ▷Fortrade ▷
Bank transfer
Credit card
Debit card
bitwalletNA
China UnionPayNA
FasaPayNA
NETELLER
Skrill
WebMoneyNA
Yandex.MoneyNA
Account base currenciesHotForex ▷Fortrade ▷
EUR - Euro
USD - U.S. Dollar

Regulators

Company informationHotForex ▷Fortrade ▷
Company nameHF Markets (SV) LtdFortrade Ltd.
Head officeSt. Vincent & the GrenadinesLondon, UK
Incorporation date20102013
RegulatorsHotForex ▷Fortrade ▷
AustraliaNAAFSL No. 493520
BelarusNANBRB FRN 19307581
CanadaNACIPF protection
CySECCySEC 183/12CIF No. 385/20
FranceACPR No. 74492NA
GermanyBaFin No. 132342NA
MauritiusNo. C110008214NA
South AfricaFSCA No. 46632NA
UKFCA No. 600473FCA No. 609970

Fortrade

71% of retail CFD accounts lose money