HotForex vs Exness: Which One is Better for You?


HotForex vs Exness, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between HotForex vs Exness, here is the direct comparison:

Feature
Go to HotForex

Go to Exness

Rating

General Rating 3.81/5
4.16/5
Trustpilot 3.2/5

rated by 65 users
4.4/5

rated by 546 users

General Information

Office(s) Cyprus, Mauritius, Poland and United Arab Emirates Cyprus, Seychelles and United Kingdom
Regulation CySEC 183/12
DFSA (Dubai), F004885
FCA (UK), 801701
FSA (Seychelles), 8419176-1
FSA (St. Vincent & the Grenadines), 22747
FSC (Mauritius), 094286
FSCA (South Africa), 46632
CySEC, 178/12
FCA (UK) 730729
FSA (Seychelles), SD025
FSCA (South Africa), 51024
Established 2010 2008
Minimum Deposit $5 $1
Maximum Leverage 1:1000 1:2000
Spread Variable Fixed
Commissions $8 $3.50
Minimum Position 0.01 lot 0.01 lot
Payment Credit/debit cards, Neteller, Perfect Money, Skrill, WebMoney and Wire transfer Bitcoin, Credit/debit cards, Neteller, Perfect Money, Skrill, Tether (USDT), WebMoney, Wire transfer and Yandex.Money
Official Website Visit HotForex Visit Exness

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Arabic, Bulgarian, Chinese, English, French, German, Greek, Hindi, Hungarian, Italian, Japanese, Korean, Malay, Persian, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Tagalog, Thai, Urdu, Vi Arabic, Bengali/Bangla, Chinese, English, French, German, Hindi, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese
Email Support
Call Support
Chat Support

Reviews

General Review Read HotForex Review Read Exness Review
User Reviews

Xavier A

Jul 22 2020

HotForex is great! Their service is good, the premium account spreads are better than other brokers, also their execution and server are stable from both web-trading and MT4. During 5 months of trading at HotForex, I have slipped a lot of times but it doesn't matter either, it can be an input for HotForex. Great!


Mariana

Jul 22 2020

Hotforex is great, not bad, though my trading is still on a demo account. I also like this broker because they've held some seminars in Indonesia. I joined them twice :)

Nice to see you, I'm from Indonesia.


Monica B

Jul 22 2020

As long as I trade on Hotforex broker, I found no problem. Their service is satisfying, highly recommended for beginners because the spread offered is interesting. Plus, the HotForex server is rarely down. Nice work!


Claudia

Jul 22 2020

Hi, I'm from Indonesia. HotForex provides deposit and withdrawal methods by Indonesian local banks, and it eases me a lot! Thank you!


Fechia Gaze

Jul 22 2020

HotForex is the best broker I've ever found! Their customer care is very nice, also their deposit and withdrawal process is quite good!


Laura Bay

Jul 22 2020

HotForex is getting more awesome day by day! They even invite one of the actors of GOT (Game of Thrones). I wish they can invite Sansa Stark one day *lol


No Need Name

Jul 22 2020

I've never got any merchandise from HotForex. I think it's because of my deposit number (FYI, I do only a little deposit). I choose HotForex just for comparing the market prices among other brokers I used (3 brokers).


S. Gabrielle

Jul 22 2020

I got merchandise from HotForex Loyalty Program. They give me a new shirt and hat xoxo. Thank you!


YuNa

Jul 27 2020

They keep getting better every year, so I decided to re-activate my account. The support helped me a great deal for it


Alex Joann

Jul 27 2020

My mentor suggested Exness when I was still new. They really help me to grow my account and never give any significant problem during my learning phase. Thanks Exness


Clara91

Jul 27 2020

I only want to trade in a reliable broker, and for me, exness has what it takes to be a reliable broker


John Wallace P

Jul 27 2020

Used to trade in another broker and everything was difficult. I never feel similar diificulties from Exness. Keep up the good work!


nickycloud

Jul 27 2020

I registered based on my friend's recommendations.

So far so good. I can see why many traders favor this broker


Jenny AD

Jul 27 2020

Quick withdrawal and I got what I need in their trading signals. Good app for mobile phone too

Make it easier for me to trade everywhere


McPherson

Jul 27 2020

Very nice broker! They have a good principle to avoid ambiguous bonus programs. Very desirable for safe trading


Harry Andrews

Jul 20 2020

My withdrawal was delayed for two days even though the balance got immediately reduced. Fortunately, it didn't happen every time. The other day I requested a withdrawal and the process only took 5-10 minutes.


Chow Pax

Jul 20 2020

They claim to have 0 spreads, but the reality doesn't say so. I never see the 0 spreads, BTC/USD even has 400+ pips spread. I can't choose which one is more preferable so oftentimes I'm constrained to 2-3 pairs with 10-15/20 pips spread.


Win72fx

Jul 20 2020

I heard a lot of complaints about withdrawal, but Exness rarely has it. In my opinion, this is where a forex broker's quality is really determined. As long as the problem is kept to a minimum, it can be safely said that the broker is quite recommended. No need for A-Z promotions, withdrawal quality says it all!!


bangbang52

Jul 20 2020

I always have positive experiences with Exness. There are a lot of benefits for IBs


Ryanserie

Jul 20 2020

I have traded with this broker for several months. Though I doubted it in the beginning due to my painful experience with several other brokers when dealing with fund withdrawal, I'm amazed that Exness turns out to have auto deposit/withdrawal.

As for the payment methods, there are many choices for deposit while withdrawal method is only internet banking. So far it's not a problem for me as the process can be done in  a few minutes. I'm not advertising but I truly enjoy trading with this broker.


Ok Oc

Jul 20 2020

I used to trade in this broker because of its competitive trading conditions. I gradually left Exness because it can't keep up to offer attractive promotions.


Marais El

Jul 20 2020

I recommend moderate leverage from 1:200 - to 1:500. Avoid high leverage at all costs.

Exness is a good broker as they're able to give 1:3000 leverage but always warn their clients should they want to try it.


Jonah rule

Jul 20 2020

The Stop Loss didn't work. My account got MC because of it.


Leon

Jul 20 2020

The first time I tried to withdraw from this broker I immediately feel wronged. They said the payment process using FasaPay is instant, but it actually needed 3-5 business days. Where is the instant withdrawal that they claim to be capable of providing with? I'm beginning to doubt this broker


Bona Gann

Jul 20 2020

Dear Exness,

Please don't complicate my withdrawal process. I have been trading with you since 2011, but lately, I'm always feel cheated as my withdrawal requests are always rejected for some abstract reasons. Here are the instances.

1. My withdrawal is usually confirmed by email but suddenly it's changed to be via phone, which makes it difficult for me during the switchover. the case was cleared but it psychologically troubled me a great deal.

2. I ordered a withdrawal via FasaPay for $350 and my balance at that time was $1044. When I choose the currency, there was a notification indicating that I my balance was not enough. I was made to totally unable of withdrawing my fund. The case was cleared but I haven't succeeded in withdrawing my fund.

3. Lastly, all of my payments are via FasaPay, but I was once denied of withdrawal process because I supposedly use BTC to deposit. Wth?? I didn't even have a BTC account.


Forex young

Jul 20 2020

I've been trading only in Exness for 3 years. Other brokers are not good for a scalper like me due to the many restrictions. I can enjoy my profit in this broker and focus on trading for a living, not aiming to become a billionaire.

Exness' cons usually appear when there are news releases. It'll be very difficult to enter a trade and sometimes the MT4 can freeze. Recently there is a leverage warning every time important news are about to appear. There will be adjustment to margin requirements and the leverage can shrink to 1:200. Is it because the Exness team is also trading and they don't want to lose?


Mike Falon

Jul 20 2020

My friends and I have been trading with Exness (mini account, dp/wd via fasapay) with no problems and satisfying conditions. We can optimize the broker's feature to our capabilities, and that's saying something. Loss and profit come and go, even margin call is a normal occurrence. We consider them as precious experiences to rebound from.


Jarwo JK

Jul 20 2020

Ever since I found this broker I feel it's the best. FasaPay withdrawal is instant despite the maximum limitation for transfer amount per transaction. The support is quite responsive as well as the ib commission. Unlimited leverage is also great for snipers with small capital.


Mr Artie

Jul 20 2020

I admit that Exness spreads tend to widen significantly during news releases. Slippage is also a risk but which broker doesn't have it? Aside from the disadvantages, Exness cent account is preferable.

As long as you don't trade the news, everything is good.


Agys Rb17

Jul 20 2020

Average spreads in other brokers' cent account range from 1.3 to 2 pips. Exness has lower spreads that can get below 1 pip with the average spread only 1 pip.


John Juniors

Jul 20 2020

I quite like this broker especially for its mini and cent accounts. When I was still a beginner I got margin call so I tried other brokers. My comparison results in all of those brokers' real accounts proved that Exness' cent account is pretty good.

Still, I can't quite choose Exness as my only one broker since there's no local bank deposit/withdrawal and fixed rate... Wish they can provide them sometimes in the future... ?


Bill Nielson

Jul 20 2020

Update from my previous predicament,

Exness has given back my money, and as a fair responsibility, I wrote here again about their good feedback. Imo it is the only broker willing to really compensate their client.


Bill Nielson

Jul 20 2020

I was disappointed after the DDoS attack incident. My account's profit went positive before it changed so suddenly that it triggered margin call. When I asked to clarify it the broker said that it could be compromised. I had sent my MetaTrader's log file and followed their instruction to wait for 3 days.

Every time I ask about my loss to this day they always ask for more time. If they can compensate for my loss I'll salute them. Otherwise, I'll spread this unfairness everywhere


Zahir SQW

Jul 20 2020

ATTENTION!!!

Traders with more than 3 years experience in this broker, please be careful especially if your account collects big profit regularly.

This broker will disconnect your account oftentimes!!!

The only solution is to have a backup for the internet connection. You need to quickly change your ISP when your account is forced to disconnect for more than 5 minutes.

I met a lot of problems like this. One example is when I got $20,xxx profit, and my account was disconnected for more than 3 hours. They sent an email to inform me that there had been a DDoS attack. I changed ISP quickly and the problem was immediately solved. At that time my profit has decreased to $3,xxx

 

Side Notes:

I had tested my internet speed and there was no problem whatsoever.

I closed all my positions and withdrew all funds, never look back again.

This broker was long known to cheat traders with big profits. Some of my friends can attest to that.

 

Another side note:

Bonus promotion and spreads are deceiving. When the price is volatile the spreads could widen extremely.


Shane

Jul 20 2020

I've been unable to connect to my real account for two days. So disappointing since Exness never gave me any trouble before. The live support ignored my complaints so I can't do anything....


Will Daniels

Jul 20 2020

In my opinion, Exness is quite attractive as the account types range from Cent to ECN. The leverage is also very accommodating to all types of traders.


Ronald Sd

Jul 20 2020

This broker's not good for scalpers and news traders....

I keep getting requoted which resulted in my positions being executed in unfavorable prices....

If you like to trade the news don't choose this broker


Danny A Pearson

Jul 20 2020

This broker may fix some things, but what made me stop trading with them is the spread. Even the spreads in the ECN account is not favorable compared to other brokers' spreads. The service is not bad, the trading condition leaves a lot to be desired. If only Exness has zero fixed spread, I will reconsider my decision. But this broker is unfortunately not innovative enough.


Sandy Marteen

Jul 20 2020

I no longer trust this broker. I deposited a large sum of money but it's never credited to my account.


Astafx

Jul 20 2020

Never run into any problem during withdrawal, either for small or big fund, everything goes smoothly


Stephen Faraday

Jul 20 2020

I withdrew 5 times from Exness and all the proceedings went instantly without any trouble.


Opie Brotha

Jul 20 2020

From the time I learned to trade to the time I'm finally able to trade independently, withdraw my fund regularly, and gain profit consistently, I haven't met any problem. This is a recommendation from my mentor...


Ines

Jul 20 2020

I enjoy trading in this broker. It's been 1 year


Arzd Playr

Jul 20 2020

Exness is the only broker that I'm loyal to. I can use many platforms in this broker.


Romy

Jul 20 2020

I use two brokers and one of them is Exness. Both have pros and cons but overall, I have no doubt in their safety. I haven't managed to withdraw my fund but so far I'm quite satisfied.


Maya Santini

Jul 20 2020

I didn't quite trust this broker initially, but I saw that they keep improving.


Eve Paige

Jul 20 2020

This broker is not bad. I doubt it in the beginning, but the service is getting better. I've been trading in Exness for one year and feel the change. From the new regulation, support language, and the most important of all: the Analysis in my account. It's SUPERB!

I'm currently educating myself to trade with indicators. It will be better if Exness allows automatic trading.


Reyno

Jul 20 2020

After googling for some time I decided to pick this broker. I've been with Exness for 3 months, and so far so good. The registration process and other proceedings went smoothly. It hasn't been fully tested, but I hope everything goes well to the withdrawal process


Start Trading

Open Real Account Open HotForex Real Account Open Exness Real Account


Which one has the better spread?

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, HotForex provides their pricing with Variable while Exness offers Fixed.



HotForex vs Exness: Who hosts the best trading platform?

The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

To support their clients, HotForex enables trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5. The offer is supported with Mobile trading, One-click trading, Trailing stop, Pending orders. In comparison, Exness provides trading with MetaTrader 4, MetaTrader 5 with the support of Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders.



Is HotForex or Exness better in providing the trading instruments?

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.

In this case, HotForex supports trading with Forex, Gold & silver, CFD, Oil, Soft commodities, Cryptocurrencies, while Exness presents the ability of trading with Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Metals, Energies, Cryptocurrencies.

In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.

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