Exness vs HotForex
If you are reading this article, you’re likely having trouble deciding whether Exness or HotForex is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.
In this Exness vs HotForex review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Exness vs HotForex - Verdict
|Feature||HotForex (visit site)||Exness (visit site)|
|CySEC, FCA, FSA, DFSA, FSCA||FSA|
Type of Broker:
|ECN/STP,Market Maker||Market Maker|
U.S. Clients Allowed:
Commissions / Spreads:
Features and Platforms
Traders at HotForex, numbering 2.5 million+, enjoy upgraded MT4/MT5 trading platforms, the Autochartist plugin, VPS hosting, and API trading. It also offers MAM accounts for account management and its proprietary copy trading service HFcopy. Beginner traders can benefit from quality research and education, while a generous bonus system also exists. Exness deploys the core MT4/MT5 trading platforms and supports algorithmic traders with VPS hosting. Besides the WebTV by Trading Central, Exness does not feature any value-added services. It focuses on the core trading environment, and the absence of trading tools is notable.
|Type of Platform:||MetaTrader 4, MetaTrader 5, Proprietary platform||MetaTrader 4, MetaTrader 5|
Guaranteed Stop Loss:
Guaranteed Limit Orders:
Interest on Margin:
The 57 currency pairs at HotForex are average, while Exness counters with 107, one of the best selections compared to all brokers. HotForex adds 13 commodities, eleven index CFDs, and three bond CFDs, all sub-standard. The bulk of assets are 1,005 equity CFDs, complemented by 34 ETFs. While Exness trumps HotForex with its excellent Forex exposure, the rest of the available markets consists of a below-average seven cryptocurrency pairs, twelve commodities, and 81 equity and index CFDs. HotForex does not offer any cryptocurrencies but maintains an overall better choice. Exness represents a superior choice for pure Forex traders.
Typical Spreads and Fees
With a commission-free minimum mark-up of 1.3 pips or $13 per 1.0 standard lot, HotForex deploys an expensive pricing environment. The commission-based alternative shows a spread of 0.1 pips for a commission of $6, one of the lowest industry-wide, for total minimum trading costs of $7 per 1.0 lot. Exness recently upgraded its cost structure, offering minimum spreads of 0.1 pips or $1 per 1.0 lot in its Pro account, making it the best commission-free offer, but average costs remain above it. Swap rates on leveraged overnight positions and third-party processing costs exist at both brokers.
Security and Trust
HotForex holds regulatory licenses in five jurisdictions. They consist of the UK FCA, the CySEC, the DFSA, the FSCA, and the FSA. It caters to most international traders from its unregulated business unit located in St. Vincent & the Grenadines. Exness serves retail traders from its Nymstar subsidiary regulated by the Seychelles FSA and its Vlerizo subsidiary, authorized by the South African FSCA. It also created Exness BV, with oversight from the Central Bank of Curaçao and Sint Maarten (CBCS). It maintains two units regulated by the UK FCA and one by the CySEC for B2B purposes.
HotForex vs. Exness : Verdict
Beginner traders will benefit at HotForex, where quality research and education await. The upgraded MT4/MT5 trading platforms deliver traders an edge, and HotForex presents an average Forex selection within a balanced asset portfolio. The volume-based loyalty program allows high-volume traders to achieve competitive trading costs, and a bonus system is equally available. Exness offers pure Forex traders a superior broker. With 107 currency pairs and its recently improved pricing environment, traders have access to commission-free spreads of 0.1 pips or $1 per 1.0 standard lots. The minimum deposit is $200 with maximum dynamic leverage of 1:2000, making it one of the best offers for scalpers. VPS hosting further supports algorithmic trading together with the core MT4/MT5 trading platforms. Adding appeal to active traders is the excellent regulatory environment. While HotForex presents a more balanced brokerage, Exness matured into a prime destination for committed algorithmic Forex traders.
Is HotForex or Exness safer for Forex and CFDs trading?
While both brokers present a competitive mix of regulators and maintain a clean track record, HotForex caters to most international traders from its unregulated St. Vincent & the Grenadines subsidiary. Exness caters to all clients from well-regulated business units.
What are the minimum deposits for these brokers?
The minimum deposit at HotForex is $5, while Exness offers a trading account free of requirements. More competitive trading conditions at Exness are available from $200.
Does HotForex or Exness offer lower pricing?
High-frequency traders at HotForex can achieve competitive pricing. Exness recently upgraded its cost structure to reflect one of the best industry-wide with commission-free Forex costs from 0.1 pips.
What about MetaTrader and copy trading?
HotForex offers traders upgraded MT4/MT5, which come with an integrated copy trading service. It also deploys its proprietary HFcopy. Exness offers only the core MT4/MT5.