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HotForex vs Z.com Trade 2019

Is HotForex better than Z.com Trade? After assessing forex brokers on nearly 100 different variables, Z.com Trade is better than HotForex. Z.com Trade, together with its sibling group of companies, including GMO Click Securities, is the largest retail forex broker by total volume. The firm’s Japan-based entity offers its most competitive pricing and range of products, followed by its HK and UK entity.
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 3 3
HotForex Review Z.com Trade Review
74-89% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature HotForex Z.com Trade
Trust Score 80 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 55
CFDs - Total Offered
104 22
Cryptocurrency traded as actual
No Yes
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3 3
Winner check_circle

Cost

Feature HotForex Z.com Trade
Average Spread EUR/USD - Standard
1.2 0.1 (as of May 19)
All-in Cost EUR/USD - Active
0.9 0.9 (as of May 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 No

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
Yes Yes
Watchlists - Total Fields
7 (Default MT4)
Charting - Indicators / Studies (Total)
51 (Default MT4)
Charting - Drawing Tools (Total)
31 (Default MT4)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3 2.5
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
Yes Yes
Watch List
Yes No
Watch List Syncing
No No
Charting - Indicators / Studies
30 (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 2.5
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 3.5 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 3 3
Winner check_circle
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare HotForex vs Z.com Trade.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both HotForex and Z.com Trade share a rating of 4.00 stars.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. HotForex alongside Z.com Trade are regulated in a major hub. Z.com Trade is a publicly traded company, while HotForex is not. As far as how many currency pairs are available for trading, here's the answer. HotForex trails Z.com Trade by 4 total currency pairs (for example, EUR/USD), with Z.com Trade offering 55 and HotForex offering 51.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both HotForex and Z.com Trade offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. HotForex boasts an offering of 31 charting tools compared to Z.com Trade's (Default MT4) available charting tools. HotForex offers its clients access to 51 different indicators (for example, volume) while Z.com Trade has (Default MT4) available indicators, a difference of 51.

HotForex Review
Z.com Trade Review


Trading CFDs, FX, and cryptocurrencies involves 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 02/18/2019 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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