CM Trading versus HotForex
CM Trading offers clients its CMTrading Webtrader, catering to manual traders, alongside the out-of-the-box MT4 trading platform, which supports algorithmic trading. Besides the integrated copy trading service in MT4, CM Trading also offers social trading via its proprietary by CopyKat service. CM Trading provides quality education for beginner traders plus daily trading signals by third-party provider NewFactory.
HotForex maintains the MT4/MT5 trading platforms, upgraded via its Premium Trader Tools package consisting of twelve plugins plus the Autochartist plugin. VPS hosting for algorithmic traders, high-quality education and research for beginners, and a loyalty program for active traders supplement a competitive core trading environment.
We have conducted an in-depth review of CM Trading 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
- CM Trading versus HotForex- Verdict
Features and Platforms
| Features & Platforms | HotForex (visit site) | CM Trading (visit site) |
 |  | |
| Headquarter: | St. Vincent and the Grenadines | South Africa |
Established : | 2010 | 2012 |
Retail Loss Rate: | 68.10% | Undisclosed |
Regulation: | ||
Minimum Deposit: | $5 | $100 |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | No | $15 monthly after 90 days |
Deposit Fee: | Third-Party | Yes + Third-Party |
Withdrawal Fee | Yes + Third-Party | Yes + Third-Party |
Funding Methods: | 9 | 8 |
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 | Quality educational videos |
Unique Feature Two: | Low trading costs | Proprietary copy trading service |
Broker Offers: |
Noteworthy:
CM Trading offers a more competitive choice for social traders, while HotForex caters better to algorithmic trading requirements.
Available Markets
| Available Markets | HotForex | CM Trading |
| Currency Pairs: | ||
Cryptocurrency Pairs: | ||
Commodities and Metals: | ||
Indices: | ||
Equities: | ||
Bonds: | ||
ETFs: | ||
Options, Futures, and Synthetics: | ||
Maximum Retail Leverage: | 1:1000 | 1:200 |
Maximum Pro Leverage: | 1:500 | 1:200 |
CM Trading maintains a small asset selection suitable for beginner traders and those requiring fewer but highly liquid assets. Forex traders get a similar choice of currency pairs at both brokers, but HotForex takes the lead with 1,200+ equity CFDs, and CM Trading trumps HotForex with its cryptocurrency selection, notably missing at HotForex.
Typical Spreads and Fees
| Typical Spreads & Fees | HotForex | CM Trading |
Minimum Raw Spreads: | 0.0 pips | Not applicable |
Minimum Standard Spreads: | 1.0 pips | 1.2 pips |
Minimum Commission for Forex: | $6.00 per round lot | Commission-free |
Commission for Equities: | 0.30% or $0.10 per share | Commission-free |
Commission Rebates: | Yes | No |
Execution Type: | Market Maker/ECN Hybrid | Market Maker |
CM Trading offers commission-free trading costs from 1.2 pips or $12.00 per 1.0 lot for deposits above $1,000 and decreases costs to $9.00 for $10,000+ deposits. HotForex features a commission-free cost structure from 1.0 pips or $10.00 per lot, while its commission-based alternative lowers costs to $6.00.
Security and Trust
CM Trading
| Country of the Regulator | Name of the Regulator | License Number |
Seychelles | Financial Services Authority | SD070 |
South Africa | Financial Sector Conduct Authority | 38782 |
HotForex
| Country of the Regulator | Name of the Regulator | License Number |
St. Vincent and the Grenadines | Unregulated | Unregulated |
UK | Financial Conduct Authority | 801701 |
Dubai | Dubai Financial Services Authority | F004885 |
South Africa | Financial Sector Conduct Authority | 46632 |
Seychelles | Financial Services Authority | SD015 |
CM Trading and HotForex segregate client deposits from corporate funds and have clean regulatory records. HotForex offers negative balance protection and a €5,000,000 third-party insurance policy for industry-leading security.
HotForex vs CM Trading – Verdict
CM Trading
| Pros | Cons |
| Quality education for beginner traders plus actionable trading recommendations | High trading costs and backward account structure |
| Proprietary copy trading service | High minimum deposit requirement |
| 20+ cryptocurrencies, including mini contracts for smaller portfolios | |
| Leading African broker for five consecutive years |
HotForex
| Pros | Cons |
| Highly competitive pricing environment in its commission-based Forex account | No cryptocurrencies |
| Upgraded MT4/MT5 trading platforms and API trading for algorithmic traders | |
| Well-balanced asset selection with a focus on direct share dealing via MT5 | |
| Quality education, research, generous bonuses, and loyalty program |
CM Trading provides beginner traders with quality, third-party educational videos and trading recommendations, providing beginner traders with an edge. The proprietary copy trading service caters well to its core market. HotForex is an all-around competitive broker with upgraded trading platforms and low trading costs. However, most traders, especially cryptocurrency and social traders in Africa, will find CM Trading the better all-round option.
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CM Trading offers cryptocurrency and social traders a competitive trading environment, but trading costs are high, representing the most notable drawback