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AvaTrade vs HotForex 2021

Is AvaTrade better than HotForex? After testing 27 of the best forex brokers over five months, AvaTrade is better than HotForex. AvaTrade is a trusted global brand best known for offering traders an extensive selection of trading platform options. Our testing found AvaTrade to be great for copy trading, competitive for mobile, mostly in line with the industry average for pricing and research, and a winner for investor education.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature AvaTrade HotForex
Overall 4 4
Commissions & Fees 4.5 4
Offering of Investments 4 3.5
Platforms & Tools 4 3.5
Mobile Trading 4 3.5
Research 3.5 4
Education 4.5 3.5
Trust Score 93 83
AvaTrade Review HotForex Review
Winner check_circle
79% of retail CFD accounts lose money 71.37% of retail CFD accounts lose money

Regulation

Feature AvaTrade HotForex
Trust Score 93 83
Year Founded
2006 2010
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
3 1
Tier-2 Licenses
4 3
Tier-3 Licenses
1 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature AvaTrade HotForex
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
No Yes
CFTC Registered (USA)
No No

Investments

Feature AvaTrade HotForex
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
55 47
CFDs - Total Offered
722 1044
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature AvaTrade HotForex
Average Spread EUR/USD - Standard
0.91 (August 2020) 1.2
All-in Cost EUR/USD - Active
0.61 (August 2020) 0.8
Active Trader or VIP Discounts
Yes No

Funding

Feature AvaTrade HotForex
Minimum Initial Deposit
$100.00 $50
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature AvaTrade HotForex
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
Yes Yes
cTrader
No No
DupliTrade
Yes No
ZuluTrade
Yes No

Trading Tools

Feature AvaTrade HotForex
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes No
Watchlists - Total Fields
6
Charting - Indicators / Studies (Total)
90 Default (MT4)
Charting - Drawing Tools (Total)
0 Default (MT4)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature AvaTrade HotForex
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
No No
Watch List
No Yes
Watch List Syncing
No No
Charting - Indicators / Studies
93 Default MT4
Charting - Draw Trendlines
No Yes
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No

Research

Feature AvaTrade HotForex
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No Yes
AutoChartist
No Yes
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature AvaTrade HotForex
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes No

Major Forex Pairs

Feature AvaTrade HotForex
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature AvaTrade HotForex
Overall 4 4
Commissions & Fees 4.5 4
Offering of Investments 4 3.5
Platforms & Tools 4 3.5
Mobile Trading 4 3.5
Research 3.5 4
Education 4.5 3.5
Trust Score 93 83
AvaTrade Review HotForex Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare AvaTrade vs HotForex.

Does AvaTrade or HotForex offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, AvaTrade offers better pricing overall for traders.

Is AvaTrade or HotForex safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. AvaTrade holds 3 global Tier-1 licenses, while HotForex holds 1. AvaTrade holds 4 global Tier-2 licenses, while HotForex holds 3. All regulators considered, AvaTrade has a Trust Score of 93.00, while HotForex's Trust Score is 83.00.

Which trading platform is better: AvaTrade or HotForex?
To compare the trading platforms of both AvaTrade and HotForex, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, AvaTrade offers a better experience. With research, AvaTrade offers superior market research. Finally, we found AvaTrade to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. AvaTrade and HotForex both offer copy trading. Both AvaTrade and HotForex offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
AvaTrade provides traders 55 currency pairs (e.g., EUR/USD) compared to HotForex's 47 available pairs. Forex pairs aside, HotForex offers traders access to 1044 CFDs while AvaTrade has 722 available CFDs, a difference of 322.

Overall winner: AvaTrade

Read Next: Best Forex Brokers 2021

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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