Weltrade vs HotForex

Weltrade or HotForex – which is better for UK traders 2024? Compare Weltrade and HotForex in this detailed breakdown of their platforms, features and fees.

Weltrade vs HotForex Comparison Table 2024
Weltrade HotForex
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4
Weltrade is ranked #97 among CFD brokers. HotForex is ranked #97 among CFD brokers.
Weltrade is an established online broker providing tight spreads & powerful tools.
HotForex is now HF Markets. See our review of HF Markets for our latest findings and expert verdict.
HotForex, now HF Markets, is a hugely popular broker with millions clients and authorization from several trusted regulators, including the FCA and CySEC. Leveraged CFDs are available on popular asset classes alongside industry-leading software, flexible account types and an accessible minimum deposit.
Pros
  • Unlimited usage demo account
  • Easy to sign up with no starting deposit
  • Range of deposit and withdrawal methods
  • Transparent fee and commission structures
  • Hugely popular brand with millions of traders
  • Advanced mobile apps with full trading access
  • Market-leading insurance for up to €5,000,000
  • Virtual private server (VPS) integration support
  • Regulated by tier-one agencies including the FCA
  • Various account types plus Islamic and joint accounts
  • Comprehensive educational platform and trading tools
  • Live chat option with customer support available in 27 languages
Cons
  • No cryptocurrency trading
  • No proprietary trading software
Awards
  • Best Foreign Broker 2019 - Asia Forex Expo
  • Best Customer Service 2017 - Forex Choice
  • Best Trade Executions 2015 - China FX Expo
  • Best Customer Service Russia 2014 - Global Financial Market Review
  • Top 100 Companies - World Finance Magazine
  • Best Forex Broker Asia - Global Business Review Magazine 2021
  • Best Customer Service Experience - Global - World Business Outlook
  • Best Client Fund Security Global - International Business Magazine 2021
  • Most Transparent Broker - The European - Global Banking & Finance Review Awards
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, CFDs, commodities, cryptocurrencies CFDs, Forex, Stocks, ETFs, Commodities
Demo Account
Yes Yes
Minimum Deposit
$25 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, DFSA, FSCA, CySEC, FSC, CMA, JFSA
Mobile Apps
Yes iOS & Android
iOS App Rating
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Android App Rating
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Margin Trading
No Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Yes HotForex supports automated trading through access to MetaTrader 4 and MetaTrader 5, both of which have extensive expert advisor integration systems.
Copy Trading
No No
Social Trading
Yes No
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
Yes Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • PLN
Commodities
  • Gold
  • Silver
  • Silver
CFD
Diversify your trading portfolio with CFDs. HotForex has CFD trading in stocks and shares, indices, ETFs, metals, energies, agricultural commodities and forex. Leverage is in line with the relevant regulatory jurisdictions and spreads are tight with no hidden charges.
Leverage
1:1000 1:30
FTSE Spread
N/A 1.16
GBPUSD Spread<
2.1 1.8
Oil Spread
7 0.05
Stocks Spread
N/A Variable
Forex
Weltrade provides leveraged trading in the highly-liquid FX market. HotForex has CFD trading on over 50 major, minor and exotic currency pairs with MT4 and MT5 accounts. This is a strong selection of currencies with advanced analysis software available to plan and execute trades.
Assets
37 50
GBPUSD Spread
2.1 1.8
EURUSD Spread
1.5 1.3
EURGBP Spread
2.4 1.5
Cryptocurrency
Trade crypto-only pairs and crypto coins against fiat currencies.
Spread
Floating from zero
Coins
  • BCH
  • BTC
  • DSH
  • EOS
  • ETH
  • LTC
  • NEO
  • XMR
  • XRP
  • ZEC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Weltrade HotForex
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