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

Plus500 vs HotForex 2020

Is HotForex better than Plus500? After testing 30 of the best forex brokers over five months, Plus500 is better than HotForex. While Plus500 is a trusted global brand that offers an easy-to-use platform, the broker lacks competitive research, trading tools, and comprehensive educational resources.



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 Plus500 HotForex
Overall 4 4
Plus500 Review HotForex Review
76.4% of retail CFD accounts lose money 71.46% of retail CFD accounts lose money

Regulation

Feature Plus500 HotForex
Trust Score 98 83
Year Founded
2008 2010
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
3 1
Tier-2 Licenses
4 3
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Plus500 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)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature Plus500 HotForex
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
No Yes
Currency Pairs (Total Forex pairs)
50 49
CFDs - Total Offered
2033 104
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 3.5
Winner check_circle

Cost

Feature Plus500 HotForex
Average Spread EUR/USD - Standard
0.6 (as of Aug 2018) 1.2
All-in Cost EUR/USD - Active
N/A 0.9
Active Trader or VIP Discounts
No No
Commissions & Fees 4 4
Winner check_circle

Funding

Feature Plus500 HotForex
Minimum Initial Deposit
€100 $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 Plus500 HotForex
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
No Yes
MetaTrader 4 (MT4)
No Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No

Trading Tools

Feature Plus500 HotForex
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes No
Watchlists - Total Fields
10
Charting - Indicators / Studies (Total)
103 Default (MT4)
Charting - Drawing Tools (Total)
21 Default (MT4)
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
No No
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3.5 3.5
Winner check_circle

Mobile Trading

Feature Plus500 HotForex
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
Yes No
Charting - Indicators / Studies
18 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
Mobile Trading 3.5 3.5
Winner check_circle

Research

Feature Plus500 HotForex
Daily Market Commentary
No 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
No Yes
Economic Calendar
Yes Yes
Research 3.5 4
Winner check_circle

Education

Feature Plus500 HotForex
Has Education - Forex
No Yes
Has Education - CFDs
No No
Client Webinars
No Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
No No
Videos - Advanced Trading Videos
No No
Investor Dictionary (Glossary)
No No
Education 3 3
Winner check_circle

Major Forex Pairs

Feature Plus500 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 Plus500 HotForex
Plus500 Review HotForex Review
Overall 4 4
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 HotForex vs Plus500.

Does HotForex or Plus500 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, Plus500 offers better pricing overall for traders.

Is HotForex or Plus500 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. Plus500 holds 3 global Tier-1 licenses, while HotForex holds 1. Plus500 holds 4 global Tier-2 licenses, while HotForex holds 3. All regulators considered, Plus500 has a Trust Score of 98.00, while HotForex's Trust Score is 83.00.

Which trading platform is better: HotForex or Plus500?
To compare the trading platforms of both HotForex and Plus500, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, HotForex offers a better experience. With research, HotForex offers superior market research. Finally, we found Plus500 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. While HotForex offers copy trading, Plus500 does not. HotForex offers MetaTrader 4 (MT4), while Plus500 does not.

How many forex pairs and CFDs are available to trade?
Plus500 provides traders 50 currency pairs (e.g., EUR/USD) compared to HotForex's 49 available pairs. Forex pairs aside, Plus500 offers traders access to 2033 CFDs while HotForex has 104 available CFDs, a difference of 1,929.

Overall, between HotForex and Plus500, Plus500 is the better forex broker.

HotForex Review
Plus500 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.

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

arrow_drop_upBack to top