HotForex vs. PrimeXBT

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
PrimeXBT

  • Pros
  • Start trading in under 40 seconds.
  • No identity checks or KYC prior to trading.
  • Small initial deposit of 0.001 BTC (approximately US$ 10).
  • Trade CFDs on cryptocurrencies, Forex, indices, energies and metals.
  • Leverage up to 1:000.
  • Cons
  • No CFDs on shares, ETFs, energies or commodities.
  • No support for MetaTrader 4, 5 or cTrader.
  • PrimeXBT only accepts Bitcoin for deposits; however, you may buy BTC by credit card.
  • PrimeXBT is not regulated or licensed.
  • Awards
  • Best Platform for Margin Trading, 2020 - ADVFN
  • Best Crypto and Forex Broker, 2019 - Forex Awards
  • Best Crypto Trading App, 2019 - Forex Awards

Trading platforms

Trading platformsHotForex ▷PrimeXBT ▷
MetaTrader 4
MetaTrader 5
cTraderNA
Currenex
Copy trading
Mirror trading
Other platformsNAPrimeXBT Platform
Operating systemsHotForex ▷PrimeXBT ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsHotForex ▷PrimeXBT ▷
Bank transferNA
Credit card
Debit card
BitcoinNA
bitwalletNA
China UnionPayNA
FasaPayNA
NETELLERNA
SkrillNA
WebMoneyNA
Yandex.MoneyNA
Account base currenciesHotForex ▷PrimeXBT ▷
BTC - BitcoinNA
EUR - EuroNA
USD - U.S. DollarNA

Regulators

Company informationHotForex ▷PrimeXBT ▷
Company nameHF Markets (SV) LtdPrimeXBT Trading Services LLC
Head officeSt. Vincent & the GrenadinesSt. Vincent and the Grenadines
Incorporation date20102018
RegulatorsHotForex ▷PrimeXBT ▷
CySECCySEC 183/12NA
FranceACPR No. 74492NA
GermanyBaFin No. 132342NA
MauritiusNo. C110008214NA
South AfricaFSCA No. 46632NA
UKFCA No. 600473NA