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AvaTrade vs HotForex 2021

Is AvaTrade better than HotForex? In our analysis of 23 international regulators across 39 brokers, AvaTrade is considered low-risk, with an overall Trust Score of 93 out of 99. HotForex is considered average-risk, with an overall Trust Score of 83 out of 99. Learn more about Trust Score.


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 4.5 4
Commissions & Fees 4.5 3.5
Offering of Investments 4 4
Platforms & Tools 4 3.5
Mobile Trading Apps 4.5 4
Research 3.5 4
Education 4.5 3.5
Trust Score 93 83
AvaTrade Review HotForex Review
71% of retail CFD accounts lose money 72.03% of retail CFD accounts lose money
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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

Tier-2 Licenses (Average Trust)

Feature AvaTrade HotForex
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes Yes
CBI Authorised (Ireland)
Yes No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
Yes Yes
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature AvaTrade HotForex
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
Yes No
FSC Authorised (Mauritius)
No Yes

Investments

Feature AvaTrade HotForex
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
1260 1066
Forex Pairs (Total)
55 47
US Stock Trading (Non CFD)
No No
Int'l Stock Trading (Non CFD)
No No
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature AvaTrade HotForex
Average Spread EUR/USD - Standard
0.91 (August 2020) 1.2 (August 2021)
All-in Cost EUR/USD - Active
0.61 (August 2020) 0.9 (August 2021)
Active Trader or VIP Discounts
Yes No
Execution: Agency Broker
No No
Execution: Market Maker
Yes No

Funding

Feature AvaTrade HotForex
Minimum Deposit
$100.00 $5
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 Yes
Watchlists - Total Fields
6 7
Charting - Indicators / Studies (Total)
90 15
Charting - Drawing Tools (Total)
13 30
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes No

Mobile Trading

Feature AvaTrade HotForex
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
73 30
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
Yes Yes

Research

Feature AvaTrade HotForex
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes 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 or CFDs
Yes Yes
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 4.5 4
Commissions & Fees 4.5 3.5
Offering of Investments 4 4
Platforms & Tools 4 3.5
Mobile Trading Apps 4.5 4
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 2022 annual forex broker review, we spent hundreds of hours assessing 39 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 23 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. In our analysis of 23 international regulators across 50 brokers, AvaTrade earned a higher Trust Score than HotForex.

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, HotForex 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, AvaTrade offers traders access to 1260 CFDs while HotForex has 1066 available CFDs, a difference of 194.

Can I trust AvaTrade?
AvaTrade is not publicly-traded and does not operate a bank. AvaTrade is authorised by three tier-1 regulators (high trust), four tier-2 regulators (average trust), and one tier-3 regulator (low trust). AvaTrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Japanese Financial Services Authority (JFSA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Can I trust HotForex?
HotForex is not publicly traded and does not operate a bank. HotForex is authorised by one tier-1 regulator (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). HotForex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Is AvaTrade good?
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab a Best in Class rating for Beginners for 2022.

Is HotForex good?
Alongside its enhanced MetaTrader offering and quality research, HotForex (HF Markets in Europe) offers a proprietary copy trading platform and provides a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HotForex are slightly above the industry average.

Overall winner: AvaTrade

Read Next: Best Forex Brokers 2022


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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 01/10/2022 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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