Exness and HotForex are online Forex and CFD brokers that offer trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. Exness is regulated by two tier-1 jurisdictions, one tier-2 jurisdictions, and four tier-4 jurisdictions, including FSA-S , CBCS , FSC Mauritius, FSCA , CySEC , FCA ,BVI FSC. On the other hand, HotForex is regulated in two tier-1 jurisdictions, three tier-2 jurisdictions, and three tier-4 jurisdictions including FCA , CySEC, CMA , FSC Mauritius , SVGFSA ,FSA -S, FSCA, DFSA. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare and contrast Exness with HotForex regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if Exness is better than HotForex and vice versa. This comparison lets you understand which broker is better for your trading style and preferences
Exness vs Hotforex: In a Nutshell
Exness
Established in 2008, Exness is a regulated forex and CFD broker. It is regulated by multiple jurisdictions. The broker gives access to trade more than 230 tradable instruments on its MT4 and MT5 Trading platforms. The broker allows copy trading, news trading, and EA Trading. You can start trading with as low as 0.01 lot in Exness. The broker also offers a very tight spread starting from 0.3 pips. The broker is regulated by FCA, CySEC, CMA, CBCS, FSCA, (FSC) in BVI, (FSC) in BVI Mauritius, and FSA in Seychelles. However, Exness does not have ASIC regulation. To learn more, you can read our review on Exness.
Exness Overview
- Founded In: 2008
- Founder: Petr Valov, Igor Lychagov
- Headquarters: Limassol, Cyprus
- Trading Instruments: 200+ Trading Instruments including Forex, CFDs, Cryptocurrencies, Stocks CFDs, Commodity CFDs
- Minimum Deposit: as low as $1 for standard accounts, $200 for Pro, Raw Spread, and Zero accounts.
- Maximum Leverage: 1:Unlimited (condition apply) or 1:2000 for FCS, CFCS, 1:30 for ASIC, CySEC jurisdiction, 1:400 for CMA Jurisdiction
- Regulations: FCA, CySEC, CMA, CBCS, FSCA, (FSC) in BVI, (FSC) in BVI Mauritius, FSA in Seychelles
- Trading platform: MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile, Exness Trade App, Exness Terminal
- Account Types: Standard, Pro, Raw Spread, Zero
- Payment Options: VISA, MasterCard, AstroPay, Bitcoin, Boleto, CASHU, FasaPay, Local Bank Deposits, Local Bank Transfers, Neosurf, Neteller, Oxxo, PerfectMoney, Skrill, Tether (USDT), WebMoney
- Funding Currencies : AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR,
- US Traders: Not Accepted
Hotforex
Founded in 2010, HFM is one of the renowned forex and CFD brokers offering online trading services worldwide. The broker was previously known and founded as HotForex. HFM provides over 1,000 trading instruments, including forex, commodities, metals, bonds, energies, ETFs, indices, stocks, and cryptos. It is regulated by multiple regulatory authorities, such as the FCA, CySEC, CMA, FSC, SVGFSA, FSA-S, FSCA, and DFSA. HFM has received over 60 industry awards for outstanding performance and offers leverage as high as 1:2000. It boasts about 2.5 million clients from all over the world. To learn more about HFM, you can read our review on HFM (HF Markets).
Hotforex Overview
- Founded In: 2010
- Founder: George Koumantaris
- Headquarters: St. Vincent & the Grenadines
- Minimum Deposit: $5
- Maximum Leverage: 1:1000
- Regulations: FCA, DFSA , FSCA ,FSA,CMA
- Trading platform: MT4, MT5, HFM Platform
- Account Types: Cent, Zero, Pro, Premium
- Payment Options:Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, PayRedeem, Skrill, UnionPay, WebMoney
- US Traders: Not Accept
Exness vs : Hotforex Features
Exness
- Trading Instruments: 200+ trading instruments including Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs,
- Maximum leverage: up to Unlimited :1
- Minimum Deposit: $1
- Account Types: Exness offers 5 different types of accounts including Standard, Standard Cent account, Pro, Raw Spread, Zero accounts
- Fees: starting from 0.2 pips for a standard account, 0.3 pips for a standard cent account, 0.1pip for a pro account, up to 3.50 per Lot per one side for a raw spread account, 0.05/lot per side for a zero account,
- PAMM/ MAM: Not Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Hotforex
- Trading Instruments: 3000+ trading instruments including Forex, Metals, Energies, Indices, Stocks, Commodities, Bonds, ETFS, CryptosÂ
- Maximum leverage: The maximum leverage of Oanda is 1:200 (global), 1:50 (US), 1:30 (EU)
- Minimum Deposit: No Minimum Deposit.Â
- Account Types: Two (Standard, Elitetrader)Â
- Trading Fees: Â Spreads range from 0.1 to 0.6, and commissions range from 3.5 to 4 per lot (depending on account type).
- PAMM/ MAM:Â Â
- Scalping: AllowedÂ
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Exness vs Hotforex: Pros and Cons
Exness
- Top tire regulations ( FCA, CySEC, FSC, FSA-S SBCS, FSCA, BVI FSC, and so on.
- The maximum leverage is as high as 1:unlimited or 1:2000
- The minimum deposit is as low as $1 or depends on payment methods
- Free VPS hosting; to qualify, you need to trade for a minimum of 14 days and lifetime deposits of $500;
- Competitive spreads starting from 0.2 pips on standard accounts
- Swap-Free/Islamic Account Provided
- Scalping, EA Trading, and Copy Trading are allowed
- Instant Withdrawal of Money 24/7
- No Passive investment programme ( PAMM, MAM Accounts)
- No Ctrader, Tradingview, zulutrade offered
- US Traders are not accepted
- Only MT4 and MT5 Trading Platforms
- Limited educational resources
Hotforex
- Regulated by the CySEC, FCA, FSCA, DFSA, CMA, FSC Mauritius, and FSA Seychelles.
- The Maximum Leverage is as high as 1:2000
- Favorable trading conditions and low spreads - from 0 pips;
- Trading is available on the MT4, MT5, and HFM trading app
- Available trading tools are MT4 premium trader tools, Autochartist, free VPS, etc
- Insurance coverage of up to $5,000,000
- Copy trading via HF Copy.
- Market news, analysis, outlook, and webinars are provided by a dedicated team of analysts.
- Premium Pro account requires a $5000 minimum balance
- To copy trades on HF copy, you need a deposit of €300.
- No micro accounts for European beginner traders.
- No bonuses for EU Clients
- Few account currencies, which is why some clients have to pay for double conversion
- Customer support is closed on weekends.
Exness vs Hotforex: Side-by-Side Comparison
Exness Vs Hotforex: Our Scores and Ratings
We rated both brokers, Exness and Hotforex, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
Exness :
Hotforex
Final Verdict :
Exness and HotForex are regulated forex and CFD brokers in the industry. They offer similar trading services including forex and CFD trading. They both allow scalping, hedging, EA trading and Copy trading. Neither of these brokers accept US Clients. The minimum order size for both of them is 0.01.
However, there are a few areas where you may find some differences. For example, Exness does not accept EU clients, while Hotforex accepts EU clients. The maximum leverage of Exness is unlimited, whereas the maximum leverage of Hotforex is 2000:1
Our score for Exness is 9.1, and for HotForex, it is 8.8 So, if you are looking for the most trusted forex brokers with tight spreads, you may choose Exness. However, If you prefer another broker with similar services, you may choose HotForex.
