Here is detailed comparison of all aspects between two very famous brokers XM vs Hotforex.
Which one do you think is better ?
XM vs. Hotforex detailed comparison | ||
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Broker's Score | 9.5 / 10 | 9 / 10 |
Minimum deposit amount | $5 | $50 |
Regulation | ASIC Australia License 443670 Cysec Cyprus 120/10 IFSC Belize (IFSC/60/354/TS/19) | FCA UK License 801701 Cysec Cyprus 183/12 Dubai DFSA F004885 Seychelles FSA SD015 South Africa FSCA 46632 |
BONUS for traders | yes $30 FREE NO DEPOSIT BONUS + 50% up to 500$ bonus + 20% up to 4500$ bonus **Not for EU clients. | 100% Supercharge Bonus **Not for EU clients. |
Islamic account | Yes SWAP free islamic account | Yes SWAP free islamic account |
VPS free | Yes for accounts with deposit over $5k | NO |
PAMM | No | Yes |
Copytrading | No | YES (HFCopy) |
Max. leverage | up to 1:500 for World 1:30 for EU clients | up to 1:500 for World up to 1:1000 for South Africa 1:30 for EU clients 1:50 for Dubai UAE residents |
Number of currencies available | 56 | 47 |
Spreads | Variable Spreads | Variable Spreads |
Average Spreads | EUR/USD 0,1 Pips USD/JPY 0,1 Pips EUR/JPY 0,6 Pips GPB/USD 0,4 Pips | 0.1 Pips Average |
Minimum Lot Size | 0.01 | 0.01 |
Withdrawal fees & Deposit fees | None | None |
Trading Platforms | MT4; MT5; Android/iPhone, Webtrader | MT4; MT5; Android/iPhone, Webtrader |
Trading Contests | Yes | No |
Negative Balance Protection | Yes for all brands | Yes |
Customer Support Languages | Arabic, Bengali, Chinese Simplified, Chinese Traditional, Czech, Dutch, English, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Persian / Farsi, Polish, Portuguese, Russian, Spanish, Swedish, Tagalog, Thai, Turkish, Vietnamese | Arabic, Dutch, English, French, German, Indonesian, Italian, Japanese, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese |
Read the review of XM.COM here | Read the review of HotForex here | |