ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

eToro vs HotForex 2020

Is eToro better than HotForex? After testing 30 of the best forex brokers over five months, eToro is better than HotForex. eToro is a winner for its easy-to-use copy-trading platform where traders can duplicate the trades of investors across over 2300 instruments, including exchange-traded securities, forex, CFDs, and popular cryptocurrencies.



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 eToro HotForex
Overall 4 4
Commissions & Fees 3 4
Offering of Investments 4.5 3.5
Platforms & Tools 4 3.5
Mobile Trading 4 3.5
Research 4 4
Education 4 3
Trust Score 91 83
75% of retail CFD accounts lose money 71.37% of retail CFD accounts lose money
eToro Review HotForex Review
Winner check_circle

Regulation

Feature eToro HotForex
Trust Score 91 83
Year Founded
2007 2010
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 1
Tier-2 Licenses
1 3
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature eToro HotForex
ASIC Authorised (Australia)
Yes 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 eToro HotForex
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
47 47
CFDs - Total Offered
2314 1044
Cryptocurrency traded as actual
Yes No
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature eToro HotForex
Average Spread EUR/USD - Standard
1 (August 2020) 1.2
All-in Cost EUR/USD - Active
N/A 0.8
Active Trader or VIP Discounts
Yes No

Funding

Feature eToro HotForex
Minimum Initial Deposit
$200 $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 eToro HotForex
Proprietary Platform
Yes No
Desktop Platform (Windows)
No Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
No Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No

Trading Tools

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

Mobile Trading

Feature eToro 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
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
5 Default MT4
Charting - Draw Trend Lines
No Yes
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No

Research

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

Education

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

Major Forex Pairs

Feature eToro 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 eToro HotForex
Overall 4 4
Commissions & Fees 3 4
Offering of Investments 4.5 3.5
Platforms & Tools 4 3.5
Mobile Trading 4 3.5
Research 4 4
Education 4 3
Trust Score 91 83
eToro Review HotForex Review
Winner check_circle

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 eToro vs HotForex.

Does eToro 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, HotForex offers better pricing overall for traders.

Is eToro 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. eToro holds 2 global Tier-1 licenses, while HotForex holds 1. HotForex holds 3 global Tier-2 licenses, while eToro holds 1. All regulators considered, eToro has a Trust Score of 91.00, while HotForex's Trust Score is 83.00.

Which trading platform is better: eToro or HotForex?
To compare the trading platforms of both eToro and HotForex, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, eToro offers a better experience. With research, eToro offers superior market research. Finally, we found eToro 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. eToro and HotForex both offer copy trading. HotForex offers MetaTrader 4 (MT4), while eToro does not.

How many forex pairs and CFDs are available to trade?
eToro and HotForex offer traders the same number of currency pairs, 47. Forex pairs aside, eToro offers traders access to 2314 CFDs while HotForex has 1044 available CFDs, a difference of 1,270.

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

eToro Review
HotForex Review

Related Comparisons

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.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

arrow_drop_upBack to top