HotForex vs. Skrill

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
Skrill

  • Pros
  • Buy Bitcoin or other crypto-currencies.
  • Easily send money to any email address.
  • Deposit money with hundreds of Forex brokers.
  • Spend or withdraw profits with a prepaid Mastercard.
  • Cons
  • Not suited for day trading because of its currency exchange fees.
  • Prepaid Mastercard is only available in Euros.
  • Monthly inactivity fee after 12 months.
  • Awards
  • Best Digital Wallet, 2019 - Juniper Research

Trading platforms

Trading platformsHotForex ▷Skrill ▷
MetaTrader 4NA
MetaTrader 5NA
CurrenexNA
Copy tradingNA
Mirror tradingNA
Operating systemsHotForex ▷Skrill ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsHotForex ▷Skrill ▷
Bank transfer
Credit card
Debit card
BitcoinNA
Bitcoin CashNA
bitwalletNA
China UnionPayNA
FasaPayNA
NETELLERNA
Skrill
WebMoneyNA
Yandex.MoneyNA
Account base currenciesHotForex ▷Skrill ▷
EUR - EuroNA
USD - U.S. DollarNA

Regulators

Company informationHotForex ▷Skrill ▷
Company nameHF Markets (SV) LtdSkrill Limited
Head officeSt. Vincent & the GrenadinesLondon, UK
Incorporation date20102001
RegulatorsHotForex ▷Skrill ▷
CySECCySEC 183/12NA
FranceACPR No. 74492NA
GermanyBaFin No. 132342NA
MauritiusNo. C110008214NA
South AfricaFSCA No. 46632NA
UKFCA No. 600473FCA No. 900001