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HotForex vs Darwinex 2020

Is Darwinex better than HotForex? After testing 30 of the best forex brokers over five months, HotForex is better than Darwinex. Alongside its enhanced MetaTrader offering, HotForex provides a good selection of tradeable products. However, HotForex does trail leading multi-asset brokers in overall platform depth.



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 HotForex Darwinex
Overall 4 4
Commissions & Fees 4 4
Offering of Investments 3.5 4
Platforms & Tools 3.5 4
Mobile Trading 3.5 3.5
Research 4 3.5
Education 3 3.5
Trust Score 83 82
71.37% of retail CFD accounts lose money 73% of retail CFD accounts lose money
HotForex Review Darwinex Review
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Regulation

Feature HotForex Darwinex
Trust Score 83 82
Year Founded
2010 2012
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 1
Tier-2 Licenses
3 0
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature HotForex Darwinex
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
47 41
CFDs - Total Offered
1044 265
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature HotForex Darwinex
Average Spread EUR/USD - Standard
1.2 N/A
All-in Cost EUR/USD - Active
0.8 N/A
Active Trader or VIP Discounts
No Yes

Funding

Feature HotForex Darwinex
Minimum Initial Deposit
$50 $500
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
Yes No

Trading Platforms

Feature HotForex Darwinex
Proprietary Platform
No Yes
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

Trading Tools

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

Mobile Trading

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

Research

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

Education

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

Major Forex Pairs

Feature HotForex Darwinex
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 HotForex Darwinex
Overall 4 4
Commissions & Fees 4 4
Offering of Investments 3.5 4
Platforms & Tools 3.5 4
Mobile Trading 3.5 3.5
Research 4 3.5
Education 3 3.5
Trust Score 83 82
HotForex Review Darwinex Review
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Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare Darwinex vs HotForex.

Does Darwinex 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, Darwinex offers better pricing overall for traders.

Is Darwinex 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. Both Darwinex and HotForex hold 1 global Tier-1 licenses. HotForex holds 3 global Tier-2 licenses, while Darwinex holds 0. All regulators considered, HotForex has a Trust Score of 83.00, while Darwinex's Trust Score is 82.00.

Which trading platform is better: Darwinex or HotForex?
To compare the trading platforms of both Darwinex and HotForex, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Darwinex offers a better experience. With research, HotForex offers superior market research. Finally, we found Darwinex 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. Darwinex and HotForex both offer copy trading. Both Darwinex and HotForex offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
HotForex provides traders 47 currency pairs (e.g., EUR/USD) compared to Darwinex's 41 available pairs. Forex pairs aside, HotForex offers traders access to 1044 CFDs while Darwinex has 265 available CFDs, a difference of 779.

Overall, between Darwinex and HotForex, HotForex is the better forex broker.

Darwinex Review
HotForex Review

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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 web site as of 01/20/2020 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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