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CMC Markets vs HotForex 2019

ForexBrokers.com | September 19th, 2019

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  3. CMC Markets vs HotForex Review
Is CMC Markets better than HotForex? After scoring forex brokers on nearly 100 different variables, CMC Markets is better than HotForex. Through its offices regulated in major global financial centers, CMC Markets offers traders a wide range of offerings with excellent pricing and its Next Generation trading platform, which is packed with innovative trading tools and charting.
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 CMC Markets HotForex
Overall 4.5 3
CMC Markets Review HotForex Review
75% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature CMC Markets HotForex
Trust Score 98 80
Year Founded
 1989 2010
Publicly Traded (Listed)
 Yes No
Bank
 No No
Tier-1 Licenses
 4 1
Tier-2 Licenses
 1 3
Tier-3 Licenses
 0 2
Authorised in the European Union
 Yes Yes

Tier-1 Licenses

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

Investments

Feature CMC Markets HotForex
Forex: Spot Trading
 Yes Yes
Social Trading / Copy-Trading
 Yes Yes
Currency Pairs (Total Forex pairs)
 180 49
CFDs - Total Offered
 9848 104
Cryptocurrency traded as actual
 No No
Cryptocurrency traded as CFD
 Yes Yes
Offering of Investments 4 3
Winner check_circle

Cost

Feature CMC Markets HotForex
Average Spread EUR/USD - Standard
 0.744 (as of Sep 18) 1.2
All-in Cost EUR/USD - Active
 0.744 (as of Sep 18) 0.9
Active Trader or VIP Discounts
 Yes No
Commissions & Fees 5 4
Winner check_circle

Funding

Feature CMC Markets HotForex
Minimum Initial Deposit
 $0.00 $50
Bank Wire (Deposit/Withdraw)
 Yes Yes
Visa/Mastercard (Credit/Debit)
 Yes Yes
PayPal (Deposit/Withdraw)
 Yes No
Skrill (Deposit/Withdraw)
 No Yes

Trading Platforms

Feature CMC Markets 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)
 No Yes
cTrader
 No No

Trading Tools

Feature CMC Markets HotForex
Virtual Trading (Demo)
 Yes Yes
Alerts - Basic Fields
 Yes Yes
Watchlists - Total Fields
 8 7
Charting - Indicators / Studies (Total)
 79 51
Charting - Drawing Tools (Total)
 24 31
Charting - Trade From Chart
 Yes Yes
Charting - Drawings Autosave
 Yes Yes
Order Type - Trailing Stop
 Yes Yes
Platform & Tools 4.5 3
Winner check_circle

Mobile Trading

Feature CMC Markets HotForex
Android App
 Yes Yes
Apple iOS App
 Yes Yes
Trading - Forex
 Yes Yes
Trading - CFDs
 Yes Yes
Alerts - Basic Fields
 Yes Yes
Watch List
 Yes Yes
Watch List Syncing
 Yes No
Charting - Indicators / Studies
 23 30
Charting - Draw Trend Lines
 Yes Yes
Charting - Trend Lines Moveable
 Yes No
Charting - Multiple Time Frames
 Yes Yes
Charting - Drawings Autosave
 Yes No
Forex Calendar
 Yes No
Mobile Trading 4 3
Winner check_circle

Research

Feature CMC Markets HotForex
Daily Market Commentary
 Yes Yes
Forex News (Top-Tier Sources)
 Yes Yes
Weekly Webinars
 Yes Yes
AutoChartist
 No Yes
Trading Central (Recognia)
 Yes No
Delkos Research
 No No
Social Sentiment - Currency Pairs
 Yes Yes
Economic Calendar
 Yes Yes
Research 4.5 3.5
Winner check_circle

Education

Feature CMC Markets HotForex
Has Education - Forex
 Yes Yes
Has Education - CFDs
Yes No
Client Webinars
 Yes Yes
Client Webinars (Archived)
 Yes Yes
Videos - Beginner Trading Videos
 Yes No
Videos - Advanced Trading Videos
 Yes No
Investor Dictionary (Glossary)
 Yes No
Education 4 3
Winner check_circle

Major Forex Pairs

Feature CMC Markets 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 CMC Markets HotForex
CMC Markets Review HotForex Review
Overall 4.5 3
Winner check_circle
To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare CMC Markets vs HotForex.

To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. CMC Markets received a rating of 5.00 stars over HotForex's 4.00 stars.

Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. CMC Markets alongside HotForex are regulated in a major hub. CMC Markets is a publicly traded company, HotForex isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. CMC Markets offers its clients access to 183 different currency pairs while HotForex has 51 available pairs, a difference of 132.

To round out our comparison of CMC Markets vs HotForex, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. HotForex offers Meta Trader while CMC Markets does not. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. HotForex boasts an offering of 31 charting tools compared to CMC Markets's 24 available charting tools. CMC Markets offers its clients access to 81 different indicators (for example, volume) while HotForex has 51 available indicators, a difference of 30.

CMC Markets Review
HotForex Review

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Trading CFDs, FX, and cryptocurrencies involves 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 web site as of 02/18/2019 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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