HFM (HotForex) and Eightcap are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. 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, DFSA. On the other hand, Eightcap is regulated by three tier-1 jurisdictions and one tier-4 jurisdictions including ASIC ,FCA , CySEC , SCB. These two brokers offer almost similar services. However, each broker has its own strengths and weaknesses.
In this article, we will compare HFM (HotForex) with Eightcap regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if HFM (HotForex) is better than Eightcap and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.
HotForex vs Eightcap: In a Nutshell
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
Eightcap
Founded in 2009, Eightcap is an Australian-based forex and CFD broker that offers online trading services worldwide. The broker is regulated by top-tier regulatory bodies, including ASIC, FCA, CySEC, SCB, and FSASVG. It allows the trading of over 800 instruments, including forex, shares, commodities, indices, and cryptocurrencies. Eightcap offers popular trading platforms and tools like MT4, MT5, TradingView, WebTrader, an AI-powered economic calendar, Capitalise.ai, and Flash Trader for smart trading. The broker also provides daily trade ideas, professional trading insights, and code-free automation. To learn more, you may read our review of Eightcap.
Eightcap Overview
- Founded Year: 2009
- Founder: Joel Murphy
- Headquarters: The Rialto, South Tower, Level 35/525 Collins St, Melbourne VIC 3000, Australia
- Minimum Deposit: $100
- Maximum Leverage: 1:500
- Regulations: ASIC, FCA, CySEC, SCB, and FSASVG
- Trading platform: MT4, MT5, TradingView, Webtrader
- Account Types: Standard, Raw, Tradingview
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Neteller, PayPal, Poli, Skrill, UnionPay, XPAY
- US Clients: Not Accepted
Hotforex vs : Eightcap Features
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
Eightcap:
- Trading Instruments: 1000+ including Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs,
- Maximum leverage: up to 500:1 for SCB regulation, and 30:1 for ASIC, CySEC, and FCA Jurisdiction.
- Minimum Deposit: $100 or Equivalent
- Account Types: Three Types of Accounts including Raw Account, Standard Account, Trading View Account
- Fees: about $3.5 per lot on each side for the raw account, 1 pip spread for the standard account, 1 pip spread for the Tradingview account
- PAMM/ MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
HotForex vs Eightcap: Pros and Cons
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.
Eightcap
- Regulated by ASIC, FCA, VFSA
- The Maximum Leverage is as high as 1:500
- Offers passive investment programme(MAM, PAMM accounts)
- No Deposit/Withdrawal Fees
- Easy To Open An Account
- Scalping and EA Trading are allowed
- 100+ Crypto CFDs available
- Minimum deposit is $100
- No Investor Protection for non-EU Clients
- The Broker is not regulated by FCA UK
- Conditions and trading costs vary according to the entity
- Hedging is not allowed with the ASIC entity
- No joint accounts, copy trading, referral program, or other options for passive income
HotForex vs Eightcap: Side-by-Side Comparison
HotForex Vs Eightcap: Our Scores and Ratings
We rated both brokers, HotForex and Eightcap, 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.
HotForex :
Eightcap
HFM (HotForex) vs Eightcap: Which One is better?
Now the question comes: is HFM (HotForex) better than BlackBull Markets, or vice versa? The answer depends on traders’ and investors’ trading styles and preferences. If you are concerned about security and safety, you may choose a forex broker regulated by top regulatory authorities such as ASIC, CySEC, FCA, NFA, etc. If you are a scalper, you may prefer a forex broker that offers fixed or low spreads. If you want to copy trade from other successful traders, you may choose a forex broker that offers social copy trading facilities.
Both HFM (HotForex) and BlackBull Markets 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
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.
Eightcap:
- Eightcap is a regulated forex broker
- The minimum deposit is $100
- Maximum leverage is as high as 1:500
- Offers a variety of trading platforms and tools including MT4, MT5, Webtrader, TradingView, Capitalise.ai, FlashTrader, AI-Powered Economic Calendar
- The trading fee: spreads starting from 0.0 pips. ( 1 pip for Standard and TradingView account, Commission.5 each side per lot)
- Eightcap does not accept US Clients
Our score for HFM (HotForex) is 8.8, and for Eightcap it is 9.
