Compare forex brokers HotForex VS Robomarkets

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

HOTFOREX VS ROBOMARKETS

HotForex
HotForex Overview

HotForex is a multiple award winning Forex and CFD brokerage firm. This global brokerage brand claims over a million traders from a handful of countries who trade cryptos, bonds, commodities, indices and currency pairs.

RoboMarkets
RoboMarkets Overview

RoboMarkets Ltd is an online Forex and CFD brokerage firm founded in 2012. The Head Office is located in Limassol, Cyprus. RoboMarkets Ltd is part of the RoboMarkets Group Holding, an investment group of companies with Head Office in Cyprus.

# Broker's Features HOTFOREX Availability ROBOMARKETS 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 HotForex vs Robomarkets.

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. HotForex offers Online Financial Trading and Investment Services Such as Forex and Spot Metals, CFDs on Commodities, Indice, while Robomarkets offers Currencies, Commodities, Indices, Stocks, Cryptocurrency.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. HotForex is Broker, while Robomarkets is Dealing Desk, DMA, ECN, Market Maker, No dealing d.

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. HotForex recommended minimum capital is 5, while Robomarkets has a Minimum Deposit Requirement of .

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. HotForex is regulated by CySEC, FSC, FSB, FCA, BaFin, DFSA, while Robomarkets regulated by CySEC. 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. HotForex offers EUR, USD, PLN different account currencies for each account types, while Robomarkets offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. HotForex offers Russian, English, Spanish, Bangladesh, Vietnamese,, while Robomarkets offers Czech, English, Estonian, German, Italian, Latvian Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. HotForex offers Bank Wire Transfer, Credit/Debit Cards, WebMoney, Skrill different payment methods for each account types, while Robomarkets offers China UnionPay, Credit/Debit Cards, FasaPay, iDeal, Neteller, QIWI, Skrill payment methods.

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

The Verdict: HotForex or Robomarkets?

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. HotForex offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. HotForex broker offers lower minimum deposit requirement. Only HotForex provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.

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.

Are you Satisfied with what They Offer?