FxPro vs HotForex - Fees Review included
Which broker is better FxPro or HotForex? Our expert assessment conducted according to TU’s own methodology showed that FxPro is one of the top brokers in the financial market with the TU Overall Score of 7.9 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 | FxPro | HotForex |
|---|---|---|
Overall |
4.6 |
4.6 |
5 |
4.5 |
|
3.9 |
4.4 |
|
4.6 |
4.6 |
|
Investment Instruments |
4.9 |
4.1 |
Platforms and Charting Tools |
4.2 |
4.9 |
Deposit and Withdrawal |
4.5 |
4.4 |
Research |
4.7 |
4.8 |
Education |
4.6 |
4.8 |
Support |
4.5 |
4.4 |
Bonuses |
2.5 |
4.2 |
|
|
|
FxPro vs HotForex: Pros and Cons
The FxPro broker was registered in July 2006 in Cyprus. The company’s activities are licensed by financial regulators: CySEC (Cyprus), Bahamas SCB, FCA (UK), and South African FSCA. FxPro is successfully operating in more than 170 countries for retail and institutional clients. The broker has received more than 85 awards, including “Best Forex Trading Platform” and “Best Trading Platform”. FxPro has become known for providing the best trading tools. With FxPro broker, traders can trade more than 70 currency pairs, futures and stocks (Twitter, Apple, Google). The company has stock indices, metals and energy resources at its disposal. FxPro sets high safety standards with the client's funds being kept in large international banks. They are insured and separated from the broker's equity.
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.
| FxPro | HotForex | |
|---|---|---|
| Overall Pros | Regulated in EU and Great Britain | favorable trading conditions and low spreads - from 0 pips |
| Big choice of ECN/STP accounts | controlled by several regulators | |
| insurance of client funds | no commissions for account replenishment and bank transfers | |
| Strong research and education | 1200+ supported assets | |
| PAMM and Copy-trading for investors | 100% bonus | |
| Personal offers for VIP-clients | Advanced tools for money managment and analysis | |
| Overall Cons | High spreads and fees | Withdrawal terms do not always correspond to those indicated |
| No forex bonuses |
FxPro vs HotForex: Safety and Regulation
| FxPro | HotForex | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 |
£85,000 €20,000 |
FCA UK Regulation |
Yes |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
Yes |
Yes |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
Yes |
FxPro vs HotForex: Trading Conditions
| Trading Conditions | FxPro | HotForex |
|---|---|---|
Minimum Deposit |
$100 |
$5 |
Trading Platforms |
MT4, MT5, MultiTerminal |
MT4, MT5 HotForex FIX/API |
Max Leverage (Futures) |
1:500 SCB regulation 1:30 (FCA, CySec regulation) |
1-1000 |
Supported Markets |
Forex, CFDs on indices cryptocurrencies, stocks, energy commodities |
Forex, Stocks, ETFs, CFDs on commodities, indices, shares, crypto, metals |
Trading assets |
3000+ |
1200+ |
Trading Accounts |
FxPro MT4 Instant (with fixed spreads), FxPro MT4 Instant (with floating spreads), FxPro MT4 Market, FxPro MT5, FxPro cTrader, VIP-account |
Demo, Micro, Premium, Zero Spread, Auto, PAMM (Premium), HFcopy, Islamic account |
Base Account Currencies |
USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR |
EUR, USD |
FxPro vs HotForex: Fees
| FxPro | HotForex | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,9 |
0,3 |
Standard acc. spread EUR/USD, max pips |
1,7 |
1,4 |
ECN Commission |
3 |
3 |
ECN Spread EUR/USD |
0,2 |
0,2 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
15 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FxPro vs HotForex: Trading Assets
| Asset Name | FxPro | HotForex |
|---|---|---|
Overall |
3000+ trading assets |
1200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
FxPro or HotForex: Investment Programs
| Asset Name | FxPro | HotForex |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
Bond CFDs |
Trading Platforms: HotForex or FxPro
| FxPro | HotForex | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
FxPro |
HotForex FIX/API |
Others |
No |
No |
|
|
|
FxPro vs HotForex: Deposit and Withdrawal Methods
| FxPro | HotForex | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
FxPro vs HotForex: Research
| Research Type | FxPro | HotForex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
FxPro vs HotForex: Education
| Education Type | FxPro | HotForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
HotForex vs FxPro: Support
| Support Features | FxPro | HotForex |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
FxPro vs HotForex: Forex Bonuses and Promo
| Promo | FxPro | HotForex |
|---|---|---|
Forex Bonus |
Not offered |
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 |
Up to $1.100 per client you introduce to FxPro |
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 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.
-
Comment
HFM broker is claimed to have a high degree of security - it is regulated by FCA, DFSA, FSCA, FSA and CMA, which ensures compliance with international requirements. Leverage reaches 1:2000, which will suit both aggressive traders and those who work on lower volumes. However, actual withdrawals may take longer than promised and support does not work on weekends. The broker also offers PAMM accounts and hedging strategies, but the choice of electronic payment systems for depositing is limited.
Top 5 Reviews on FxPro
-
Comment
stocks trading with my MT bot, idk why but he is doing a lot better here.
-
Comment
FxPro offers negative balance protection, which can be crucial during periods of high volatility. Spreads on the EUR/USD pair remain within the range of 0.3–0.8 pips. Leverage is available up to 1:500. However, the starting conditions may not suit everyone: the minimum deposit is $100 or the equivalent in other currencies.
-
Comment
cTrader was a new platform. The user interface is complex and takes some time for adaptation. I was surprised how fast orders execute during trading sessions. It probably takes less than 0,01 sec.
-
Comment
I tested FxPro in both demo mode and on a real account with fixed spreads. I didn’t notice much difference in execution — orders open and close consistently. Commissions are no higher than the market average. However, due to the lack of localized analysis, I have to rely on external market sources.
-
Comment
Access to MT4, MT5, and cTrader platforms is a plus. It's convenient to choose between fixed and floating spreads, especially if your strategy requires stable conditions. The company’s capital exceeds €100 million, which inspires trust. However, the broker does not offer PAMM accounts or investment services, so it’s not suitable for passive income.
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.