FBS and HFM (HotForex) are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. FBS is regulated by two tier-1 jurisdictions and one tier-4 jurisdictions, including ASIC, FSC, and CySEC. On the other hand, HFM (HotForex) is regulated by two tier-1 jurisdictions, three tier-2 jurisdictions, and three tier-4 jurisdictions including FCA, CySEC, CMA, FSC Mauritius, SVGFSA, FSA -S, FSCA, and DFSA. These two brokers offer almost similar services. However, each broker has its own strengths and weaknesses.
In this article, we will compare FBS with HFM (HotForex) in terms of trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if FBS is better than HFM (HotForex) and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.
FBS vs Hotforex: In a Nutshell
FBS:
Established in 2009, FBS is one of the leading forex and CFD brokers, offering online trading services worldwide. It is a global brand with headquarters in Belize and regional offices in Cyprus and the Marshall Islands. FBS provides opportunities for trading forex, stocks, metals, energies, and indices. It has about 17 million clients and over 60 prestigious awards for excellent services. FBS.eu offers low spreads and split-second executions without requotes. FBS is one of the highest leverage forex brokers, with leverage up to 1:3000 for its global clients. The broker’s spreads start from 0.7 pips. To know more, you can read our review on FBS.
FBS Overview
- Founded In: 2009
- Founder: Satthakarn Chuenkomol
- Headquarters: Belize City, Belize
- Minimum Deposit: $5
- Maximum Leverage: 1:3000
- Regulations: ASIC, FSC, CySEC
- Trading platform: MT4, MT5, Webtrader
- Account Types: Standard, Cent, Pro
- Payment Options: VISA, MasterCard, Local Exchangers, Neteller, PerfectMoney, Skrill, SticPay
- 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
FBS vs HFM: Key Features
FBS:
- Trading Instruments: Forex, Stock, Indices, Crypto, Metals, Energies, Forex Exotic.
- Maximum leverage: 1:3000
- Minimum Deposit: $5
- Account Types: Three ( Standard, Cent, Pro)
- Trading Fees: Spread starting from 1 pip for Standard Account and Cent 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, Cryptos
- Maximum leverage: The maximum leverage of Oanda is 1:200 (global), 1:50 (US), 1:30 (EU)
- Minimum Deposit: No Minimum Deposit.
- Account Types: Two (Standard, Elitetrader)
- Trading Fees: Spreads range from 0.1 to 0.6, and commissions range from 3.5 to 4 per lot (depending on account type).
- PAMM/ MAM:
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
FBS vs Hotforex: Pros and Cons
FBS
- Regulated by the CySEC, ASIC, FSCA South Africa, and FSC Belize.
- The Maximum Leverage is as high as 1:3000
- The Minimum deposit is $5
- Trading is on the MT4, MT5, and FBS trader platforms.
- There is an account type to suit newbies, experienced, and pro traders.
- Low spreads, high leverage, and fast order executions
- Easy and fast account opening
- Forex Guidebook, Forex Intensive, trading ideas, webinars, and other training resources are provided.
- Tradable assets are not much, especially when compared to other top brokers.
- Daily Market news and analysis on FBS.eu are not regularly updated.
- No premium trading tools to assist traders.
- No investor protection for non-EU Clients
- Managed Accounts & Social Trading is unavailable
- Few Account Base Currencies
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.
FBS vs Hotforex: Side-by-Side Comparison
FBS Vs Hotforex: Our Scores and Ratings
We rated both brokers, FBS 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.
FBS :
Hotforex(HFM)
FBS vs HFM (HotForex): Which One is better?
Now the question comes: is FBS better than HFM (HotForex), or vice versa? The answer depends on traders’ and investors’ trading styles and preferences. Both FBS and HFM (HotForex) offer similar trading services worldwide. However, there are differences in their features, regulations, reputation, and operations. Here are the key facts about both brokers. By reviewing these options, you can clearly understand which broker is right for your trading goals
FBS:
- FBS is a Forex and CFD broker regulated by ASIC, CySEC, and FSC in Belize
- The minimum deposit is $5 (Global), €10 (or equivalent in $) for EU cent accounts, €100 (or equivalent in $) for EU Standard account
- Maximum leverage 1:3000 (Global), 1:30 (for EU retail clients), 1:500 (for professional accounts)
- Offers a variety of trading platforms including MT4, MT5, Webtrader, and FBS traders.
- The trading fee: Floating spread from 0.7 pips(global), and 1 pips for EU traders.
- FBS does not accept US clients.
HFM (HotForex):
- HFM (HotForex) is a forex and CFD broker regulated by FCA, CySEC, DFSA, FSCA, CMA, and FSA in Seychelles
- The minimum deposit of HFM (Hotforex) is $0. This means there is no minimum deposit of HFM. You may deposit as low as $1
- Maximum leverage 1:2000
- Offers MT4, MT5, and HFM trading platforms
- The trading fee: minimum spreads starting from 0.6 pips. ( Spreads and commissions depend on your account type and the types of tradable assets
- HFM (HotForex) does not accept US clients.
Our score for FBS is 8.8, and for HotForex it is 8.8.
