FBS versus HotForex

FBS is one of the most accessible brokers industry-wide with a minimum deposit of $1, complemented by maximum leverage of 1:3000, six account types, including a dedicated cryptocurrency option, and generous bonuses. It maintains the core MT4/MT5 trading platforms, developed a proprietary mobile trading app, and has an in-house copy trading service. FBS also has one of the lowest trading costs.

HotForex counters with an equally competitive core trading environment as FBS but adds a well-diversified asset selection, dedicated support for algorithmic traders and asset managers, and superior trading tools.

Both brokers offer beginner traders quality educational content and generous bonuses, but the in-house research at HotForex trumps that at FBS.

We have conducted an in-depth review of FBS and HotForex to determine which one presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• FBS versus HotForex- Verdict

Features and Platforms

Features & Platforms	HotForex (visit site)	FBS (visit site)
Headquarter:	St. Vincent and the Grenadines	Belize
Established :	2010	2009
Retail Loss Rate:	68.10%	75.20%
Regulation:
Minimum Deposit:	$5	$1
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee	No	No
Deposit Fee:	Third-Party	Yes + Third-Party
Withdrawal Fee	Yes + Third-Party	Yes + Third-Party
Funding Methods:	9	6
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:	Well-balanced asset selection	Large trading community
Unique Feature Two:	Low trading costs	Cent accounts for beginners
Broker Offers:	See what HotForex offers	See what FBS offers

Noteworthy:

The FBS trading community of 23+ million traders from 150+ countries is notably larger than at HotForex, home to 2.5M+ live accounts, but HotForex maintains a better overall trading environment.

Available Markets

HotForex offers traders a significantly broader choice of assets, except for cryptocurrencies, which are notably absent from its list. FBS shines with 30 cryptocurrency pairs, but it cannot compete with HotForex in other sectors where it offers traders 53 currency pairs, 15 commodities, 23 indices, 54 equity CFDs, 910 shares, and 34 ETFs.

Typical Spreads and Fees

FBS offers a cheaper commission-free cost structure, but HotForex presents traders with a more competitive commission-free alternative. While the commission is $6.00 per round lot at both brokers, HotForex delivers lower average Forex spreads. It also has cheaper swap rates on leveraged overnight positions.