Plus500 vs. HotForex

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

Pros and Cons

Plus500

72% of retail CFD accounts lose money

  • Pros
  • Trade CFDs on all asset classes (except bonds).
  • Trade CFDs on over 1,500 US and international stocks.
  • Negative balance protection for all clients.
  • Get notifications on market events.
  • Cons
  • You cannot buy shares or cryptocurrency (only CFDs).
  • No support for MetaTrader 4, 5 or cTrader.
  • No support for automated trading.
  • No PAAM accounts.
  • Awards
  • Best Platform for Cryptocurrencies, 2020 - ADVFN
  • Best Overall Broker, 2019 - Daytrading.com
  • Best Trading App Award, 2019 - Daytrading.com
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

Trading platforms

Trading platformsPlus500 ▷HotForex ▷
MetaTrader 4NA
MetaTrader 5NA
CurrenexNA
Copy tradingNA
Mirror tradingNA
Other platformsPlus500NA
Operating systemsPlus500 ▷HotForex ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsPlus500 ▷HotForex ▷
Bank transfer
Credit card
Debit card
bitwalletNA
China UnionPayNA
FasaPayNA
NETELLERNA
PayPalNA
Skrill
WebMoneyNA
Yandex.MoneyNA
Account base currenciesPlus500 ▷HotForex ▷
AED - UAE DirhamNA
AUD - Australian DollarNA
CAD - Canadian DollarNA
CHF - Swiss FrancNA
CNY - Chinese YuanNA
EUR - Euro
GBP - British PoundNA
HKD - Hong Kong DollarNA
HUF - Hungarian ForintNA
JPY - Japanese YenNA
KWD - Kuwaiti DinarNA
MYR - Malaysian RinggitNA
NOK - Norwegian KroneNA
NZD - New Zealand DollarNA
PHP - Philippine PesoNA
PLN - Polish ZłotyNA
RUB - Russian RoubleNA
SAR - Saudi RiyalNA
SGD - Singapore DollarNA
THB - Thai BahtNA
USD - U.S. Dollar
ZAR - South African RandNA

Regulators

Company informationPlus500 ▷HotForex ▷
Company namePlus500 LtdHF Markets (SV) Ltd
Head officeHaifa, IsraelSt. Vincent & the Grenadines
Incorporation date20082010
RegulatorsPlus500 ▷HotForex ▷
AustraliaAFSL 417727NA
CySECCySEC No 250/14CySEC 183/12
FranceNAACPR No. 74492
GermanyNABaFin No. 132342
MauritiusNANo. C110008214
New ZealandFSP No. 486026NA
South AfricaFSP No. 47546FSCA No. 46632
SingaporeNo. CMS100648-1NA
UKFCA No. 509909FCA No. 600473

Plus500

72% of retail CFD accounts lose money