HotForex vs. FXOpen

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
FXOpen

  • 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 classesHotForex ▷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)4851
Cryptos (CFD)1243
Stocks (CFD)56100
Indices (CFD)2310
ETFs (CFD)34NA
Metals (CFD)62
Energy (CFD)53
Commodities (CFD)5NA
Bonds (CFD)3NA

Trading platforms

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

Account funding

Deposits and withdrawalsHotForex ▷FXOpen ▷
Bank transfer
Credit card
Debit card
BitcoinNA
bitwalletNA
China UnionPayNA
DixiPayNA
FasaPay
NETELLERNA
Perfect MoneyNA
QIWI WalletNA
Skrill
SorexPayNA
WebMoney
Yandex.Money
Account base currenciesHotForex ▷FXOpen ▷
AUD - Australian DollarNA
CHF - Swiss FrancNA
EUR - Euro
GBP - British PoundNA
JPY - Japanese YenNA
RUB - Russian RoubleNA
SGD - Singapore DollarNA
USD - U.S. Dollar

Regulators

Company informationHotForex ▷FXOpen ▷
Company nameHF Markets (SV) LtdFXOpen NZ Limited
Head officeSt. Vincent & the GrenadinesAuckland, New Zealand
Incorporation date20102005
RegulatorsHotForex ▷FXOpen ▷
AustraliaNAAFSL No. 412871
CySECCySEC 183/12NA
FranceACPR No. 74492NA
GermanyBaFin No. 132342NA
MauritiusNo. C110008214NA
NevisNANevis No. C 42235
South AfricaFSCA No. 46632NA
UKFCA No. 600473FCA No. 579202