Compare forex brokers Alpari VS Hotforex

If you're choosing between Alpari and Hotforex forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is Alpari better than Hotforex? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

ALPARI VS HOTFOREX

Alpari
Alpari Overview

At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this Alpari broker review.

Alpari is one of largest and most experienced forex brands in the world. With its dynamic new broker Alpari International, you’re trading with a global broker that is second to none. The brand has over 2 million clients in the world, operates from 8 different countries and offers its services in over 10 languages.

Alpari International works day and night to sustain a trading environment that helps everyone access the markets – from first-timers to those who’ve turned trading into a career. The perfect example of this is in the kind of spreads it offers – which is the first thing every serious trader looks at. For the EURUSD pair, for example, Alpari International offers 0.9 on Standard accounts and an incredible 0.1 on ECN accounts. That’s super competitive against some of the biggest brokers out there.

Its broad range of services enable you to get the best guidance, advice and resources to potentially build a richer future. Alpari International provides a forex trading environment that is trustworthy, reliable and technologically advanced, while ensuring every client receives impeccable customer service.

HotForex
HotForex Overview

At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this HotForex broker review.

HotForex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients. Through its policy of providing the best possible trading conditions to its clients and allowing both scalpers and traders using expert advisors unrestricted access to its liquidity, HotForex has positioned itself as the forex broker of choice for traders worldwide.

# Broker's Features ALPARI Availability HOTFOREX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare Alpari vs Hotforex.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Alpari offers Online Financial Trading and Investment Services Such as Gold, Silver, Bitcoin, while Hotforex offers Forex and Spot Metals, CFDs on Commodities, Indice.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Alpari is Broker, while Hotforex is Broker.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Alpari recommended minimum capital is 5, while Hotforex has a Minimum Deposit Requirement of 5.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Alpari is regulated by FSC Mauritius, while Hotforex regulated by CySEC, FSC, FSB, FCA, BaFin, DFSA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. Alpari offers USD, EUR, GBP, NGN different account currencies for each account types, while Hotforex offers EUR, USD, PLN account currencies.

Languages Available: Next lets have a look at each broker's different Language options. Alpari offers English, Spanish, Simplified Chinese, Traditional, while Hotforex offers Russian, English, Spanish, Bangladesh, Vietnamese, Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. Alpari offers Credit Cards, WebMoney, Neteller, Skrill, Bitcoin different payment methods for each account types, while Hotforex offers Bank Wire Transfer, Credit Cards, WebMoney, Skrill payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Alpari makes MetaTrader 4, MetaTrader 5 available to clients, while Hotforex offers MT4, MT5, Mobile Trading, iPhone, iPad, Android, W.

The Verdict: Alpari or Hotforex?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Hotforex is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Hotforex broker is regulated in more major hubs. Hotforex offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Hotforex has a wider range of languages in which customer service is offered making the broker more accessible.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.