HotForex vs Exness – Forex brokers comparison | Forex and Crypto Brokers Review

Contents

Introduction
Comparison
Conclusion

Introduction

In this session, we are making detail comparison between two brokers. In this time, we chose two major Tier1 license brokers, HotForex and Exness. Both brokers have been operating for more than 10 years and already become huge broker with reliability and reputation. Both brokers provide wide range of service, but their business strategy is different. HotForex offers promotions, loyalty program, stock (DMA), ETFs, and several types of social trading. On the other hand Exness focus on trading conditions of forex such as leverage, options of currency pair, options of account currency, without any promotion.
Please see comparison table as follows.

Comparison

Company and License

	HotForex	Exness
Operating years	10 years	12 years
Licenses	FCA, FSA, etc.	FCA, FSA, etc.

Trading conditions

	HotForex	Exness
Account types	Micro, Premium, Zero Spread account (In detail please refer to another post.)	Standard Accounts (Standard, Standard Cent) Professional Accounts (Low spread, Zero, Pro) (In detail please refer to another post.)
Maximum leverage	1:1000 (Nano account, may be adjusted in case equity > $300,000) 1:500 (Premium account, may be adjusted in case equity > $300,000) 1:500 (Zero Spread account)	Standard, Standard Cent, Raw Spread, Zero, Pro account (MT4) 1:Unlimited (Equity: 0 – 999 USD) 1:2000 (Equity: 1,000 – 2,999 USD) 1:1000 (Equity: 3,000 – 9,999 USD) 1:600 (Equity: 10,000 – 19,999 USD) 1:400 (Equity: 20,000 – 49,999 USD) 1:200 (Equity: 50,000 – 199,999 USD) 1:100 (Equity: 200,000 or more USD)
Minimum deposit	USD5 (Micro account) USD100 (Premium account) USD200 (Zero Spread account)	1USD (Standard accounts) 1,000USD (Professional accounts)
Account currency	USD, EUR, NGN (For all accounts)	AED, AUD, ARS, AZN, BDT, BHD, BND, BRL, BYR, CAD, CHF, CLP, CNY, COP, CZK, DKK, DZD, EUR, GEL, GBP, GHS, HKD, HUF, IDR, ILS, INR, JOD, JPY, KES, KRW, KWD, KZT, LBP, LKR, MAD, MXN, MYR, NGN, NOK, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUR(for MT4 accounts only), SAR, SEK, SGD, SYP, THB, TND, TRY, TWD, UGX, USD, UAH, UZS, VND, ZAR, MAUUSD, MAGUSD, MPTUSD, MPDUSD, MBAUSD, MBBUSD, MBCUSD, MBDUSD (Standard account)
Trading Instruments
– Forex	50 pairs	107 pairs
– CFD Stock (DMA)	961 items	n/a
– Shares	56 items	n/a
– Stock Indices:	11 items	n/a
– Commodities	7 items	n/a
– Precious Metals and Energies	9 items	12 items
– ETFs	34 items	n/a
– Cryptocurrency	12 items	7 items
– Bonds	3 items	n/a
Trading platform	MT4, MT5	MT4, MT5
Average Spread	EURUSD Micro account: 1.2 pips Zero Spread account (typical): 0.1 pips (with commission 3USD per lot)	EURUSD Standard account: 1 pips Raw Spread account: 0 pips (with commission 3.5USD per lot)
Margin call / Stop out	Margin call: 40%for Micro account 50%for Premium account and Zero Spread accountStop out: 10% for Micro account 20% for Premium account and Zero Spread account	Margin call; 60% for Standard account 30% for professional accountStop out: 0% for all account
Deposit and withdrawal methods	Wire Transfer Credit card deposit (VISA/Master/UnionPay) Online Payment Options (bitpay, Cryptocurrencies, fasapay, Neteller, Skrill, Vload, WebMoney) Local Deposit / Bank TransferNo deposit fees for any methods	Online banking (from minimum deposit 1USD) Neteller Skrill WebMoney Perfect Money
Brokerage Model	NDD (STP and ECN)	NDD (STP and ECN)
Scalping is possible or not	Possible	Possible

Promotions

	HotForex	Exness
Promotions	HF Rebates Daily cash rebates direct to client’s account All positions of 0.1 lots or more Maximum cumulative rebates USD 8,00030%Rescue Bonus Deposits over USD 50 Additional ‘Stop Out Bonus’ for qualifying accounts Maximum cumulative bonus USD 7,00010th Anniversary Promotion Total 2MilUSD in cash prizesLoyalty program Convert 1000 HotForex Bars into cash. 1 USD for 35 HotForex Bars. Plus other items (AutoChartist subscription, Silver VPS, Private session with HotForex market analysts	No promotions

Securuty of clients’ funds and Others

	HotForex	Exness
Safety of Clients’ Funds	Insurance Financial safety Accounts with major banks Segregation of funds Negative balance protection Risk management	Negative Balance Protection
Research and Education materials	Research Market News, Market Analysis, Market Outlook, Traders’ Board, Economic Calendar, Live webinarsEducation Forex Education Videos, Training Courses Videos, e-Course, Webinars, Events	Exness Academy Insights and analysis News from markets Webinars Glossary
Award Winning	Many industry awards	Many industry awards
Customer Support	Live Chat 24/5	Live Chat 24/5

Conclusion

Both HotForex and Exness have been operating for more than 10 years with Tier1 licenses, and already obtained reliability and reputation as large size of broker. Both brokers are quite reliable, and we recommend to making account on both brokers. But we will pick up major differences between HotForex and Exness as follows.

Exness offers larger maximum leverage and smaller minimum deposit —Exness win
Only HotForex offers Shares, ETF, cryptocurrency and other CFDs as part of trading instruments — HotForex win
Option of account currency of Exness is very wide — Exness win
Only HotForex offers variety of promotions— HotForex win
Option of currency pairs of Exness is very wide — Exness win

But for many other review points, both HotForex and Exness can be highly evaluated and no big difference.

In conclusion, more desirable broker might be different for each trader, depends on the difference points (From 1 to 5) above. If a trader prefers to trading shares, ETFs, and cryptocurrency, variety of promotions, USD or EURO as account currency, then the traders might choose HotForex. On the other hand, if a trader prefers to higher leverage and lower deposit, other currency as account currency, no interest with promotions, then a trader might choose Exness.

But basically, we recommend both HotForex and Exness as top-level reliable brokers.