Hotforex vs XTB | Compare Features, Safety & More in 2024

Published :
Updated :
Written by
Ryan Hardy sitting before his forex trading desk
Fact Checked by
Richard Walz headshoot
Edited by

HotForex and XTB are online Forex and CFD brokers that offer trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. 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, XTB is regulated in  three tier-1 jurisdictions and one tier-4 jurisdictions including CySEC, FCA , KNF, FSC. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.

In this article, we will compare and contrast HotForex with XTB regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if HotForex is better than XTB and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.

HotForex vs XTB: 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

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

XTB

Founded in 2002, XTB is an exchange-listed forex and CFD broker with headquarters in Poland and offices in over 13 countries. The broker offers more than 5,800 forex, CFDs as well as real stocks and ETFs for trading on its proprietary platforms. XTB boasts of over 800,000 clients from all over the world. However, the broker offers only the xStation platform. The broker also offers real stocks with 0% commissions. 

XTB Overview

XTB Overview
  • Founded In: 2002
  • Founder: Jakub Zablocki
  • Locations: UK, Cyprus, Belize, Poland.
  • Minimum Deposit: $0
  • Maximum Leverage: 1:500
  • Regulations:CySEC, FCA , KNF , IFSC
  • Trading platform:xStation 5 , xStation Mobile
  • Account Types: Standard, Pro, Islamic
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Maestro, Neteller, Paysafe, SafetyPay, Skrill
  • US Traders: Not Accept

Hotforex vs : XTB 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

XTB:

  • Trading Instruments: 5800+Trading instruments including Real stocks, ETFs, CFDs on forex, CFDs on Indices, CFDs on Commodities
  • Maximum leverage: The maximum leverage of XTB is as high as 500:1. Leverage may vary based on jurisdiction and tradable assets. For example, for CySEC jurisdiction the maximum leverage is 30:1. 
  • Minimum Deposit: No Minimum Deposit. You may deposit as low as possible.  
  • Account Types: Two ( Stocks &ETFS, and CFD Instruments) 
  • Trading Fees: The fees of CFD instruments start from as low as 0.5 pips spread. 0% commission on Stock Accounts
  • PAMM/ MAM: No
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

HotForex vs XTB: 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.

XTB

Pros
  • Regulated by  FCA, FSC, KNF, DDM-M, DNMV,
  • The Minimum deposit is as low as $1
  • The Maximum Leverage is as high as 1:500
  • Allows scalping, EA/Robot Trading, News Trading 
  • Trade stocks, ETFs, indices, commodities, cryptocurrencies, and forex
  • 0% commission on stock and ETF trading (only applicable to some EU countries)
  • Traders  can enjoy commission-free trading with spreads as low as 0.25 pips
Cons
  • XTB does not offer  cTrader, MT4/MT5, or Ninja Trader which are the most popular platforms in the world 
  • No passive investment programme ( PAMM, MAM Accounts) 
  • Withdrawal fees for transfers below $100 or €200
  • Inactivity fee (€10/monthly after 1+ year with no activity plus no deposit in the last 90 days)
  • Complex trading platform for a beginner
  • CFDs only – so traders do not own the underlying asset

HotForex vs XTB: Side-by-Side Comparison

Hotforex
XTB
Product
Product
Hotforex
XTB
Founded In
Founded In
2010
2002
Founded By
Founded By
George Koumantaris
Jakub Zablocki
Headquarters
Headquarters
Kingstown, St. Vincent
Belize City, Belize
Regulations
Regulations
FCA, DFSA, FSCA, FSA in Seychelles, CMA, CySEC
FCA, CySEC, CNMV, KNF, FSC(Belize)
Min Deposit
Min Deposit
$0
None
Max Leverage
Max Leverage
2000:1
1:500
Tradable Assets
Tradable Assets
Forex, Metals, Stocks, Bonds, Indices, Energies, Commodities, Cryptos, and ETFs
Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs
Fees
Fees
Spread from 0.6 pips
Spread from 0.9 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, HFM App
xStation 5 , xStation Mobile
US Traders
US Traders
Not Allowed
Not Allowed

HotForex Vs XTB: Our Scores and Ratings

We rated both brokers, HotForex and XTB, 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

XTB

8.8
HotForex Scores
Regulation and Security (40%)9.8
Fees and Commissions (20%)7.5
Trading (15%)8
Trading tools (10%)8.6
Customer Support (10%)9
Trading Education (5%)8

Final Verdict :

HotForex and XTB 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, the minimum deposit for HotForex is $1, whereas the minimum deposit for XTB is $0. Additionally, the maximum leverage for the HotForex is 2000:1. On the other hand, the maximum leverage for XTB is 30:1. 

Our score for HotForex is 8.8, and for XTB, it is 8.8 So, if you are looking for the most trusted forex brokers with tight spreads, you may choose HotForex. However, If you prefer a forex broker with a lower minimum deposit and offering a similar trading service to HotForex, you may choose XTB.

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.

Disclosure:  At Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

Leave a Comment