Is HotForex better than XM Group? After testing 30 of the best forex brokers over five months, XM Group is better than HotForex. While XM Group provides the entire suite of MetaTrader platforms and over 1300 tradeable instruments, the broker delivers an average experience across the board and struggles to stack up against industry leaders.
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XM Group vs HotForex 2020
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 | ||
| XM Group Review | HotForex Review | |
| 73.57% of retail CFD accounts lose money | 71.46% of retail CFD accounts lose money |
Regulation
| Feature | XM Group | HotForex |
| Trust Score | 83 | 83 |
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Year Founded |
2009 | 2010 |
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Publicly Traded (Listed) |
No | No |
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Bank |
No | No |
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Tier-1 Licenses |
2 | 1 |
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Tier-2 Licenses |
1 | 3 |
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Tier-3 Licenses |
1 | 2 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | XM Group | HotForex |
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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 |
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Forex: Spot Trading |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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Currency Pairs (Total Forex pairs) |
57 | 49 |
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CFDs - Total Offered |
1247 | 104 |
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Cryptocurrency traded as actual |
No | No |
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Cryptocurrency traded as CFD |
No | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | XM Group | HotForex |
|
Average Spread EUR/USD - Standard |
1.6 (as of Jan 18) | 1.2 |
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All-in Cost EUR/USD - Active |
0.8 | 0.9 |
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Active Trader or VIP Discounts |
No | No |
| Commissions & Fees | ||
| Winner | check_circle |
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 |
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Proprietary Platform |
No | No |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
Yes | Yes |
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cTrader |
No | No |
Trading Tools
| Feature | XM Group | HotForex |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | No |
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Watchlists - Total Fields |
(Default MT4/MT5) | |
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Charting - Indicators / Studies (Total) |
(Default MT4/MT5) | Default (MT4) |
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Charting - Drawing Tools (Total) |
(Default MT4/MT5) | Default (MT4) |
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Charting - Trade From Chart |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | No |
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Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | XM Group | HotForex |
|
Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Trading - Forex |
Yes | Yes |
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Trading - CFDs |
Yes | Yes |
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Alerts - Basic Fields |
Yes | No |
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Watch List |
Yes | No |
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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 Trend Lines |
Yes | Yes |
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Charting - Trend Lines 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 |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | XM Group | HotForex |
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Daily Market Commentary |
Yes | Yes |
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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) |
No | 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 |
| Research | ||
| Winner | check_circle |
Education
| Feature | XM Group | HotForex |
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Has Education - Forex |
No | 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 | No |
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Videos - Advanced Trading Videos |
Yes | No |
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Investor Dictionary (Glossary) |
No | No |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | XM Group | HotForex |
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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 |
| XM Group Review | HotForex Review | |
| Overall | ||
| 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 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, HotForex 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 1. All regulators considered, both HotForex and XM Group have a Trust Score of 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 49 available pairs. Forex pairs aside, XM Group offers traders access to 1247 CFDs while HotForex has 104 available CFDs, a difference of 1,143.
Overall, between HotForex and XM Group, XM Group is the better forex broker.
HotForex ReviewXM Group 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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