Hotforex vs Fusion Markets | Compare Features, Safety & More (2024)

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Ryan Hardy sitting before his forex trading desk
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HFM (HotForex) and Fusion Markets 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, Fusion Markets  is regulated by one tier-1 jurisdiction, and two tier-4 jurisdictions including  ASIC, VFSC, and FSA -S. 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 Fusion Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if HFM (HotForex) is better than Fusion Markets and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.

HotForex vs Fusion Markets: In a Nutshell

HotForex

Founded in 2010, HFM is a renowned broker with multiple regulations and ultra-fast executions of over 1000 trading instruments on its proprietary and MetaTrader platforms. The broker has received over 60 industry awards for outstanding performance. It boasts about 2.5 million clients from all over the world.

Hotforex Overview
  • Founded In: 2010
  • 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

Fusion Markets

Phil Horner founded Fusion Markets in 2017 in Melbourne, Australia with the vision of providing low-cost, modern technology and friendly support. The broker allows the trading of forex and CFDs on its cTrader, MT4, and MT5 platforms. Social traders can use DupliTrade, AutoTrade, or Fusion+ platforms. Free VPS, Market buzz, analyst views, etc are provided.

Fusion Markets Overview
  • Founded In: 2017
  • Minimum Deposit: $0
  • Maximum Leverage: 500:1
  • Regulations: ASIC, CySEC, SCB, and FSA
  • Trading platform:  MT4, MT5, Ctrader
  • Account Types: Zero, Classic, Demo, Swap Free
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, Cryptocurrency, Ether/Ethereum, Interac, Jeton, Local Bank Transfers, Neteller, OnlineNaira, Other Crypto Currencies, PayPal, PerfectMoney, SEPA (Single Euro Payments Area), Skrill, ThunderXPay
  • US Traders: Not Accept

HotForex vs Fusion Markets: Pros and Cons

HotForex

Pros
  • 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.
Cons
  • 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.

Fusion Markets

Pros
  • Regulated by ASIC, VFSC, FSA
  • The maximum leverage is as high as 1:500
  • The minimum deposit is as low as $1 
  • Allows scalping, News trading, EA/Robot trading 
  • Offers passive investment programme ( MAM, Copy Trading) 
  • No Deposit withdrawal fees, and inactivity fees 
  • Fast and Easy Account Opening 
  • Negative balance protection for users under ASIC regulations 
  • Paypal and crypto deposits are available 
Cons
  •   Not regulated by FCA, CySEC 
  •   No investor protection for non-EU clients
  •   Limited availability of localized customer support 
  •   Only CFDs are offered. No possibility of trading real stocks, or assets 
  •   Limited product selections 

  

HotForex vs Fusion Markets: Side-by-Side Comparison

Hotforex
Fusion Markets
Product
Founded In
Founded In
2010
2017
Founded By
Founded By
George Koumantaris
Phil Horner
Headquarters
Headquarters
Kingstown, St. Vincent
Melbourne, Victoria, Australia
Regulations
Regulations
FCA, DFSA , FSCA ,FSA,CMA
ASIC, CySEC, SCB, and FSA
Min Deposit
Min Deposit
$5
None
Max Leverage
Max Leverage
2000:1
500:1
Tradable Assets
Tradable Assets
Forex,Metals,Energies,Indices,Stocks,Commodities,Bonds,ETFs,Cryptos
Forex, Metals, Indices, Energy & Soft ,Commodities, Cryptocurrency ,US Share CFDs
Fees
Fees
Spread from 0.5 pips
Spread from 0.0 pips on Major, commissions $2.25 /round lot.
Platforms and Tools
Platforms and Tools
MT4, MT5, HFM App
MT4, MT5 and cTrader
US Traders
US Traders
Not Allowed
Not Allowed

HotForex Vs Fusion Markets: Our Scores and Ratings

We rated both brokers, HotForex and Fusion Markets, 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 :

9.1
Total Score
Regulation and Security (40%)9.8
Fees and Commissions (20%)9
Trading (15%)8
Trading tools (10%)9.2
Customer Support (10%)9
Trading Education (5%)8

Fusion Markets

9.2
Fusion Markets Score
Regulation and Security (40%)9.4
Fees and Commissions (20%)9.3
Trading (15%)9.2
Trading tools (10%)9
Customer Support (10%)9
Trading Education (5%)8

HFM (HotForex) vs Fusion Markets: 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. 

Fusion Markets:

  • Fusion Markets is a Forex and CFD broker regulated by top regulatory authorities including ASIC, and VFSC
  • Minimum Deposit: No minimum deposit is required. You may deposit as low as $1
  • Maximum leverage 1:500. Max. leverage may vary based on your tradable assets. 
  • Offers a variety of trading platforms and tools including MT4, MT5, Ctrader, Webtrader, Mobile Trader, TradingView, DupliTrade, Multi Account Manager
  • The trading fee: Starting from 0 pips and 4.5 commission on Zero Account, or spreads starting from 0.9 pips and Zero commission on the Classic Accounts
  • Fusion Markets does not accept US clients. 

Our score for HFM (HotForex) is 8.8, and for Fusion Markets it is 9.2.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

Fact Checked by
Ryan Hardy is a Content Writer, Researcher, and Fact Checker at Brokersway. Specializing in forex trading, he focuses on ensuring accuracy in information related to broker regulations, scams, and safety measures. With a commitment to transparency, Ryan plays a vital role in providing traders with reliable insights into the world  of forex brokers
Edited by

Richard Walz, a seasoned content writer and broker’s research specialist, is your go-to authority for decoding online forex brokers and trading platforms. As an editor, he ensures precision and clarity, offering traders valuable insights on Brokersway, a trusted resource for informed decision-making in the dynamic world of currency trading. Richard's role as an editor ensures that the information presented is not only accurate but also presented in a manner that resonates with traders seeking clarity in making better decision.

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