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

HotForex vs Z.com Trade 2020

Is HotForex better than Z.com Trade? After testing 30 of the best forex brokers over five months, HotForex is better than Z.com Trade. HotForex is a MetaTrader-only broker offering market-maker execution across a perplexing variety of six different account types. Despite a moderately enhanced MetaTrader offering, HotForex provides a limited selection of tradeable products compared to leading multi-asset brokers.



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 Z.com Trade
Overall 4 3.5
HotForex Review Z.com Trade Review
71.46% of retail CFD accounts lose money 68% of retail CFD accounts lose money

Regulation

Feature HotForex Z.com Trade
Trust Score 83 95
Year Founded
2010 1991
Publicly Traded (Listed)
No Yes
Bank
No No
Tier-1 Licenses
1 3
Tier-2 Licenses
3 1
Tier-3 Licenses
2 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature HotForex Z.com Trade
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
49 53
CFDs - Total Offered
104 25
Cryptocurrency traded as actual
No Yes
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3.5 3
Winner check_circle

Cost

Feature HotForex Z.com Trade
Average Spread EUR/USD - Standard
1.2 0.9 (as of May 19)
All-in Cost EUR/USD - Active
0.9 0.6 (as of Oct 19)
Active Trader or VIP Discounts
No Yes
Commissions & Fees 4 4
Winner check_circle

Funding

Feature HotForex Z.com Trade
Minimum Initial Deposit
$50 $50
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes No
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature HotForex Z.com Trade
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 No
cTrader
No No

Trading Tools

Feature HotForex Z.com Trade
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
Platform & Tools 3.5 3
Winner check_circle

Mobile Trading

Feature HotForex Z.com Trade
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
No Yes
Watch List
No No
Watch List Syncing
No No
Charting - Indicators / Studies
Default MT4 (default MT4)
Charting - Draw Trend Lines
Yes No
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
Winner check_circle

Research

Feature HotForex Z.com Trade
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
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 Yes
Research 4 3
Winner check_circle

Education

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

Major Forex Pairs

Feature HotForex Z.com Trade
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 Z.com Trade
HotForex Review Z.com Trade Review
Overall 4 3.5
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 Z.com Trade.

Does HotForex or Z.com Trade 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, Z.com Trade offers better pricing overall for traders.

Is HotForex or Z.com Trade 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. Z.com Trade holds 3 global Tier-1 licenses, while HotForex holds 1. HotForex holds 3 global Tier-2 licenses, while Z.com Trade holds 1. All regulators considered, Z.com Trade has a Trust Score of 95.00, while HotForex's Trust Score is 83.00.

Which trading platform is better: HotForex or Z.com Trade?
To compare the trading platforms of both HotForex and Z.com Trade, 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 HotForex 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 Z.com Trade both offer copy trading. Both HotForex and Z.com Trade offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
Z.com Trade provides traders 53 currency pairs (e.g., EUR/USD) compared to HotForex's 49 available pairs. Forex pairs aside, HotForex offers traders access to 104 CFDs while Z.com Trade has 25 available CFDs, a difference of 79.

Overall, between HotForex and Z.com Trade, HotForex is the better forex broker.

HotForex Review
Z.com Trade 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