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HotForex Alternatives
Here are the top nine alternatives to HotForex.
Whether you are just starting on your trading journey, or simply in the market for a new broker, we’re here to help.
There are a lot of brokers out there, and our Alternatives tool is designed to give you options; pick any broker, and we can show you other highly rated brokers that offer a similar range of features.
| Company |
Trust Score |
Year Founded |
Publicly Traded (Listed) |
MetaTrader 4 (MT4) |
MetaTrader 5 (MT5) |
Proprietary Platform |
Social Trading / Copy Trading |
Tradeable Symbols (Total) |
Forex Pairs (Total) |
Average Spread EUR/USD - Standard |
All-in Cost EUR/USD - Active |
 HFM
|
86 |
2010 |
No |
Yes |
Yes |
Yes |
Yes |
3500 |
47 |
1.2 |
0.9 |
Best Broker Alternatives for HotForex
We’ve researched the best brokers in the business, collecting thousands of data points along the way. Using our proprietary research and data collection methods, we’ve determined that the following brokers are the best alternatives for HotForex:
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IG
- 9.9/10 Overall
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Saxo Bank
- 9.7/10 Overall
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Interactive Brokers
- 9.7/10 Overall
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CMC Markets
- 9.6/10 Overall
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TD Ameritrade
- 9.5/10 Overall
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FOREX.com
- 9.3/10 Overall
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City Index
- 9.2/10 Overall
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XTB
- 9/10 Overall
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eToro
- 8.8/10 Overall
| Minimum Deposit | £250.00 |
| Tier-1 Licenses | 8 |
| Tradeable Symbols (Total) | 19537 |
Year after year, IG has shown itself to be the best broker in the forex industry and a fantastic choice for forex traders. Highly trusted and regulated across the globe, IG delivers a wide variety of rich features, market research, and powerful trading tools. Fans of copy trading will appreciate IG’s seamless integration of trading signals into its web platform.
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Join 239,000+ traders worldwide.
(Trading forex carries a high level of risk.)
| Minimum Deposit | €2,000 |
| Tier-1 Licenses | 7 |
| Tradeable Symbols (Total) | 70000 |
Saxo Bank is a highly trusted broker that operates multiple banks and is regulated across the globe. Saxo Bank delivers an incredible cross-platform experience alongside powerful research and a vast selection of more than 60,000 symbols across multiple asset classes. It’s worth noting that minimum deposits at Saxo are steep.
| Minimum Deposit | $0 |
| Tier-1 Licenses | 9 |
| Tradeable Symbols (Total) | 8500 |
Interactive Brokers is a highly trusted broker regulated across the globe that delivers access to over 100 markets, including forex and CFDs. Its Trader Workstation (TWS) platform offers a variety of advanced trading tools for experienced traders, and IBKR's web-based platform is great for beginner forex traders.
| Minimum Deposit | $0 |
| Tier-1 Licenses | 5 |
| Tradeable Symbols (Total) | 12074 |
CMC Markets is a highly trusted multi-asset broker regulated in multiple Tier-1 jurisdictions. CMC's powerful Next Generation trading platform for web and mobile delivers a huge selection of markets and a fantastic user experience. CMC Markets also ranks highly for its high-quality research and educational content.
| Minimum Deposit | $0 |
| Tier-1 Licenses | 5 |
| Tradeable Symbols (Total) | 0 |
TD Ameritrade, part of financial conglomerate Charles Schwab, is a leader in platform technology and trusted by millions of investors globally with trillions in assets under its brands. Available exclusively to U.S. residents, TD Ameritrade's forex offering consists of just over 70 currency pairs, along with powerful research and trading tools.
| Minimum Deposit | $100 |
| Tier-1 Licenses | 7 |
| Tradeable Symbols (Total) | 5500 |
FOREX.com is a highly trusted brand with a long history of offering forex in the U.S. and across the globe. FOREX.com offers its own flagship trading platforms for web and desktop, as well as the full MetaTrader suite. Though its pricing is higher than average, FOREX.com is a balanced choice for traders of all experience levels.
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A Global Market Leader!
(Trading forex carries a high level of risk.)
| Minimum Deposit | £100.00 |
| Tier-1 Licenses | 7 |
| Tradeable Symbols (Total) | 13500 |
City Index, part of StoneX Group, is an award-winning, highly trusted broker with a long history of offering forex and CFDs across its global offices. City Index delivers a well-designed mobile trading app and a powerful web platform, as well as a large range of tradeable markets (though pricing is just average).
| Minimum Deposit | $0 |
| Tier-1 Licenses | 2 |
| Tradeable Symbols (Total) | 6010 |
XTB is a highly trusted brand with a proprietary platform (xStation 5) that delivers a rich selection of trading tools. XTB also offers CFDs for a wide range of asset classes, including multiple cryptocurrencies. Beginners will appreciate XTB's excellent educational content and the hundreds of lessons that are available via its Trading Academy.
| Minimum Deposit | $10-$10,000 |
| Tier-1 Licenses | 3 |
| Tradeable Symbols (Total) | 3479 |
Best known for its copy trading platform suite, eToro is a highly trusted broker offering a large selection of cryptocurrency products, CFDs, shares, forex pairs, and a wide range of powerful trading tools. It’s worth noting that eToro is not a discount broker (though it offers zero-dollar commissions for U.S. stocks).
Compare HotForex
Still interested in HotForex? See how HotForex stacks up against other brokers.
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