Is HotForex better than XM Group? After testing 27 of the best forex brokers over five months, XM Group is better than HotForex. While XM Group struggles to stack up against industry leaders, in terms of its platform offering, range of markets, and pricing, XM Group provides an outstanding offering of quality educational content and market research.
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XM Group vs HotForex 2021
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.
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Overall Rating
| Feature | XM Group | HotForex |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 84 | 83 |
| XM Group Review | HotForex Review | |
| Winner | check_circle | |
| 78.28% of retail CFD accounts lose money | 71.37% of retail CFD accounts lose money |
Regulation
| Feature | XM Group | HotForex |
| Trust Score | 84 | 83 |
|
Year Founded |
2009 | 2010 |
|
Publicly Traded (Listed) |
No | No |
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Bank |
No | No |
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Tier-1 Licenses |
2 | 1 |
|
Tier-2 Licenses |
2 | 3 |
|
Tier-3 Licenses |
1 | 1 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
| Feature | XM Group | HotForex |
|
ASIC Authorised (Australia) |
Yes | No |
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IIROC Authorised (Canada) |
No | No |
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SFC Authorised (Hong Kong) |
No | No |
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FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
No | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | Yes |
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CFTC Registered (USA) |
No | No |
Investments
| Feature | XM Group | HotForex |
|
Forex Trading |
Yes | Yes |
|
CFDs (Total) |
1273 | 1044 |
|
Forex Pairs (Total) |
57 | 47 |
|
Cryptocurrency (Physical) |
No | No |
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Cryptocurrency (CFD) |
No | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
Cost
| Feature | XM Group | HotForex |
|
Average Spread EUR/USD - Standard |
1.6 (Aug 2020) | 1.2 |
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All-in Cost EUR/USD - Active |
0.8 (Aug 2020) | 0.8 |
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Active Trader or VIP Discounts |
No | No |
Funding
| Feature | XM Group | HotForex |
|
Minimum Initial Deposit |
$5-100 | $50 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
No | No |
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Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | XM Group | HotForex |
|
Proprietary Platform |
No | No |
|
Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
Yes | Yes |
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cTrader |
No | No |
|
DupliTrade |
No | No |
|
ZuluTrade |
No | No |
Trading Tools
| Feature | XM Group | HotForex |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | No |
|
Watchlists - Total Fields |
(Default MT4/MT5) | |
|
Charting - Indicators / Studies (Total) |
(Default MT4/MT5) | Default (MT4) |
|
Charting - Drawing Tools (Total) |
(Default MT4/MT5) | Default (MT4) |
|
Charting - Trade From Chart |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | No |
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Order Type - Trailing Stop |
Yes | Yes |
Mobile Trading
| Feature | XM Group | HotForex |
|
Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Alerts - Basic Fields |
Yes | No |
|
Watch List |
Yes | Yes |
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Watch List Syncing |
Yes | No |
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Charting - Indicators / Studies |
(Default MT4/MT5) | Default MT4 |
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Charting - Draw Trendlines |
Yes | Yes |
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Charting - Trendlines Moveable |
No | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
No | No |
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Forex Calendar |
No | No |
Research
| Feature | XM Group | HotForex |
|
Daily Market Commentary |
Yes | Yes |
|
Forex News (Top-Tier Sources) |
Yes | Yes |
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Weekly Webinars |
Yes | Yes |
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AutoChartist |
Yes | Yes |
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Trading Central (Recognia) |
Yes | No |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | Yes |
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Economic Calendar |
Yes | Yes |
Education
| Feature | XM Group | HotForex |
|
Has Education - Forex |
Yes | Yes |
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Has Education - CFDs |
No | No |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
No | Yes |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | Yes |
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Investor Dictionary (Glossary) |
No | No |
Major Forex Pairs
| Feature | XM Group | HotForex |
|
GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | XM Group | HotForex |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 84 | 83 |
| XM Group Review | HotForex Review |
Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare HotForex vs XM Group.
Does HotForex or XM Group 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, XM Group offers better pricing overall for traders.
Is HotForex or XM Group 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. XM Group holds 2 global Tier-1 licenses, while HotForex holds 1. HotForex holds 3 global Tier-2 licenses, while XM Group holds 2. All regulators considered, XM Group has a Trust Score of 84.00, while HotForex's Trust Score is 83.00.
Which trading platform is better: HotForex or XM Group?
To compare the trading platforms of both HotForex and XM Group, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XM Group offers a better experience. With research, XM Group offers superior market research. Finally, we found XM Group 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. HotForex and XM Group both offer copy trading. Both HotForex and XM Group offer MetaTrader 4 (MT4).
How many forex pairs and CFDs are available to trade?
XM Group provides traders 57 currency pairs (e.g., EUR/USD) compared to HotForex's 47 available pairs. Forex pairs aside, XM Group offers traders access to 1273 CFDs while HotForex has 1044 available CFDs, a difference of 229.
Overall winner: XM Group
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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 12/14/2020 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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