Eightcap vs HotForex - Fees Review included
Which broker is better Eightcap or HotForex? Our expert assessment conducted according to TU’s own methodology showed that Eightcap is one of the top brokers in the financial market with the TU Overall Score of 9.2 out of 10. HotForex is one of the top brokers in the financial market with the TU Overall Score of 7.09 out of 10. Find out more about TU Overall Score.
| Feature | Eightcap | HotForex |
|---|---|---|
Overall |
2.9 |
4.6 |
3.3 |
4.5 |
|
3.7 |
4.4 |
|
3.7 |
4.6 |
|
Investment Instruments |
1 |
4.1 |
Platforms and Charting Tools |
3.5 |
4.9 |
Deposit and Withdrawal |
3.6 |
4.4 |
Research |
3.9 |
4.8 |
Education |
3.4 |
4.8 |
Support |
3.6 |
4.4 |
Bonuses |
4 |
4.2 |
|
|
|
Eightcap vs HotForex: Pros and Cons
Eightcap is regulated by the Australian Securities and Investment Commission (AFSL 443670) and by the Vanuatu Financial Services Commission (reg. no. 40377). Eightcap was incorporated in Melbourne, Australia, and offers its services as an online financial trading organization. Eightcap's line of business is Forex and CFD trading services offered to both retail and institutional clients. Eightcap gives access to one of the most popular trading platforms – MetaTrader 4.
HotForex (HotForex.com) is a broker owned by the HF Markets Group, offers a wide variety of account types, and has the widest selection of trading assets and high-quality software. HotForex also has favorable trading conditions and instant execution of orders. Plus, a solid list of tools and services allow everyone to choose the best option. The broker's reliability is confirmed by the license of several regulators. The company's work experience in the financial, brokerage and other services market is over 10 years. Within that time, Hot FX has received 35 prestigious awards. For trading, MetaTrader 4 and MetaTrader 5 trading terminals are used.
| Eightcap | HotForex | |
|---|---|---|
| Overall Pros | a large number of trading assets | favorable trading conditions and low spreads - from 0 pips |
| Low fees | controlled by several regulators | |
| Good bonus programs | no commissions for account replenishment and bank transfers | |
| Raw account avaible | 1200+ supported assets | |
| 100% bonus | ||
| Advanced tools for money managment and analysis | ||
| Overall Cons | High minimum deposit - $100 | Withdrawal terms do not always correspond to those indicated |
| lack of investment programs |
Eightcap vs HotForex: Safety and Regulation
| Eightcap | HotForex | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 |
£85,000 €20,000 |
FCA UK Regulation |
Yes |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
Yes |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
Yes |
Eightcap vs HotForex: Trading Conditions
| Trading Conditions | Eightcap | HotForex |
|---|---|---|
Minimum Deposit |
$100 |
$5 |
Trading Platforms |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
MT4, MT5 HotForex FIX/API |
Max Leverage (Futures) |
1-30 for Australian clients and 1-500 for Non-AU clients |
1-1000 |
Supported Markets |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Forex, Stocks, ETFs, CFDs on commodities, indices, shares, crypto, metals |
Trading assets |
3620+ |
1200+ |
Trading Accounts |
Standard Account, Raw Account, Demo |
Demo, Micro, Premium, Zero Spread, Auto, PAMM (Premium), HFcopy, Islamic account |
Base Account Currencies |
AUD, USD, GBP, NZD, SGD, EUR |
EUR, USD |
Eightcap vs HotForex: Fees
| Eightcap | HotForex | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,4 |
0,3 |
Standard acc. spread EUR/USD, max pips |
1,5 |
1,4 |
ECN Commission |
3,5 |
3 |
ECN Spread EUR/USD |
0,1 |
0,2 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Eightcap vs HotForex: Trading Assets
| Asset Name | Eightcap | HotForex |
|---|---|---|
Overall |
3620+ |
1200+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
Yes |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
Eightcap or HotForex: Investment Programs
| Asset Name | Eightcap | HotForex |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
Bond CFDs |
Trading Platforms: HotForex or Eightcap
| Eightcap | HotForex | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
HotForex FIX/API |
Others |
No |
No |
|
|
|
Eightcap vs HotForex: Deposit and Withdrawal Methods
| Eightcap | HotForex | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
Eightcap vs HotForex: Research
| Research Type | Eightcap | HotForex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
Eightcap vs HotForex: Education
| Education Type | Eightcap | HotForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Cent account |
No |
Yes |
HotForex vs Eightcap: Support
| Support Features | Eightcap | HotForex |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Eightcap vs HotForex: Forex Bonuses and Promo
| Promo | Eightcap | HotForex |
|---|---|---|
Forex Bonus |
If you are a new client of Eightcap and you fund your new live trading account with them within 10 days of your account being opened then you are eligible to earn up to a $1,000 trading credit bonus which you can also convert into real equity at a rate of $1 for every standard FX lot when you trade; $30 No-deposit bonus |
Super Charged bonus. Daily discounts of USD 2 per lot for deposits from USD 250. The maximum payout is $8,000. The calculation is made automatically, after which the funds can be withdrawn by the client or used for trading on the market. Credit bonus Provides an increase in leverage for a certain trading volume. |
Affiliate Program |
You can refer your followers and customers to earn passive income, with rebates up to $6 USD per lot and CPAs up to $900 USD |
Affiliate Partners and Introducing Brokers (IB) program. The program is available to organizations and individuals around the world. It provides for making a profit in the form of a reward for attracting new customers to the broker. Under the terms of cooperation, the company provides support by assigning a manager to each introduced broker. Also, the broker can assist in performing calculations, provide the necessary software and guarantee a high level of service. Regional representatives are an option for pros who can help promote the company at the regional level and take on the responsibilities of managing an office in the region, providing brokerage services on behalf of HotForex. White Label is a program that will be especially interesting for financial institutions and consulting firms. It makes it possible to provide services under its own brand and get individual partnership conditions. |
Other Promos |
no |
|
|
|
|
Top 5 Reviews on HotForex
-
Comment
HFM is interesting because it offers investment opportunities in addition to active trading. For example, PAMM accounts and an integrated copy trading platform make the broker more versatile. However, opening an account requires thorough verification with a large amount of documentation, especially under FCA regulation. It's also worth noting that spreads from 0 pips are not available on all account types and require higher deposits — starting from $100 on the PRO account.
-
Comment
HFM offers attractive trading conditions: spreads from 0.2 pips on EUR/USD, both market and instant order execution, and a wide range of instruments — from Forex to bonds and ETFs. The minimum order size is 0.01 lots. There’s support for mobile trading and an affiliate program. One downside is that withdrawals through systems like Skrill and Neteller are not supported, which limits flexibility for some traders. Nevertheless, the availability of a demo account and educational materials is a definite plus for beginners.
-
Comment
hfm stands out for its reliable trading environment with consistently low spreads on top pairs like eurusd and usdjpy making it cost friendly for active traders withdrawals are processed quickly and you can choose from several methods including local bank options credit cards and popular online wallets the platform is easy to navigate and offers good tools for analysis whether you are new or experienced in forex their trading conditions are stable with good leverage options and no major issues during high volatility sessions
-
Comment
I have been trading with hfm for more than one year and mainly trade gold and some major pairs like EUR, GBP, JPY etc. The spreads are quite competitive and execution is also fast. Sometimes i also put limit orders when i am usually away from the main screen so it works. I am quite satisfied with their services.
-
Comment
I've been using HFM for a few months now and honestly, it’s been pretty smooth. The app is easy to use and withdrawals are fast. I like that they have local deposit options too.
Top 5 Reviews on Eightcap
-
Comment
Eightcap provides a high level of protection — negative balance is excluded, margin call triggers at 80%, and stop out at 50%. Trading is conducted through popular terminals and covers CFDs on more than 800 assets. The minimum deposit is $100, which is average for the market, but the lack of investor programs and passive income options reduces the broker’s versatility. It’s also worth noting that spreads on standard accounts can reach up to 1 pip, despite the advertised from 0.1 pips. Overall, Eightcap is aimed at active traders focused on analysis and their own decisions.
-
Comment
Eightcap is a brokerage platform offering a minimum order size of 0.01 lots and a wide range of CFD contracts. One of the company’s strongest advantages is its licensing in the UK, Australia, Cyprus, and the Bahamas. Available account types include Standard, Raw, and Demo, with the demo account provided free for 30 days. The absence of a partnership program and promotional contests may limit its appeal to some users. Nevertheless, the high-quality educational materials and real-time analytics make Eightcap a solid choice for traders focused on independent trading.
-
Comment
Eightcap is regulated by four authorities, including the FCA (with up to £85,000 in fund protection), making it one of the safest options on the market. Spreads on the EUR/USD pair start from 0.1 pips, and leverage is available up to 1:500. However, the company does not offer bonus programs or promotional deals, setting it apart from competitors with more aggressive marketing strategies. Trading is available in USD, EUR, GBP, AUD, and other currencies, and deposits are supported through more than 10 payment systems, including PayPal and cryptocurrencies. Eightcap focuses on a stable infrastructure rather than entertainment features.
-
Comment
Eightcap offers trading on more than 800 instruments, including currency pairs, cryptocurrencies, indices, and commodities. The minimum deposit is $100, which might be a barrier for beginners. The broker supports MT4, MT5, and TradingView platforms, with spreads starting from 0.1 pips. However, there are no PAMM accounts or copy trading options, so it may not suit passive investors. On the plus side, regulation by the FCA, ASIC, and CySEC indicates a high level of reliability. Customer support is consistent, though a full set of documents is required to open an account.
-
Comment
I really like trading with Eightcap. The conditions are quite favorable - spreads are adequate, commissions are not stifling, and everything is transparent. I would like to emphasize order execution: everything happens smoothly, without delays and unexpected slippages, which is especially important when trading actively. The interface is clear, the platform works stably - it does not freeze at the wrong moment, as it happened to me with other brokers. Input and withdrawal are also carried out without any problems. So far, everything is satisfactory, and there are no serious reasons for dissatisfaction. So at the moment it is quite a decent option for those who want to trade confidently and without constant minor annoyances.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.