HotForex vs FIBOGroup: Which One is Better for You?


HotForex vs FIBOGroup, 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 FIBOGroup, here is the direct comparison:

Feature
Go to HotForex

Go to FIBOGroup

Rating

General Rating 3.81/5
3.64/5
Trustpilot 2.7/5

rated by 69 users
3.3/5

rated by 1 users

General Information

Office(s) Cyprus, Mauritius, Poland and United Arab Emirates Austria, British Virgin Islands, Chile, China, Cyprus, Germany, Kazakhstan, Russian Federation, Singapore and Ukraine
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, 118/10
FSC (BVI) SIBA/L/14/1063
Established 2010 1998
Minimum Deposit $5 $1
Maximum Leverage 1:1000 1:1000
Spread Variable Variable
Commissions $8 $3
Minimum Position 0.01 lot 0.01 lot
Payment Bitcoin, Credit/debit cards, Ethereum, FasaPay, Litecoin, Neteller, Perfect Money, Ripple, Skrill, WebMoney and Wire transfer Bitcoin, Bitcoin Cash, CashU, Credit/debit cards, Ethereum, FasaPay, Local bank transfer, Neteller, Perfect Money, Skrill, WebMoney and Wire transfer
Official Website Visit HotForex Visit FIBOGroup

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, Chinese, English, German, Indonesian, Persian, Russian, Spanish
Email Support
Call Support
Chat Support

Reviews

General Review Read HotForex Review Read FIBOGroup 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!


Charger Good

Sep 20 2020

This broker is honest and comprehensive. They accepted my payment via Skrill instead of Neteller.


Niana

Sep 19 2020

They have a really slow customer support, and it can be so annoying that I prefer not to use this broker at all!!


Animassen

Sep 18 2020

Stay away from this. I lost money due to MT4 malfunction. A few of my positions did not close on time. The same day and time two other brokers' charts closed similar positions on MT4. They received charts screenshots to compare but denied any accusation of the wrongdoing.


MunichChris

Sep 17 2020

NDD and fixed Spreads for Major-Pairs are little better than customary in the market. Usually no commission and good Swap-conditions for intraday and swing-trader. MT4-liquidity is better than most CY-brokers, avarage more than 200 lots a day in EUR/USD. You can also find many Minor-Pairs with real good conditions.


Overheard Radio

Sep 16 2020

My experience with Fibogroup.com is fine.
Execution is fine, spreads are fine, getting positive SWAPS. Overall good Broker.


Demi Demik

Sep 15 2020

Its a big scam, they can close account at any time. Russian-speaking clients even a special site opened with historys. Russian office (Moscow) was closed.


TrapLock

Sep 14 2020

I'm surprised that there are so much negative reviews. It's one of my first broker (where I lost some money) started to trade here in 2012 or 2013. No slippages, requotes, withdrawal was well (lost not everything). I choose this broker beccause they had many positive reviews.


Alexis

Sep 13 2020

Their support are often curt but not overly unpleasant and they always respond nonetheless. Here am talking about the technical support team for elevated response. The normal support is almost immediate in chat but you would notice they are all East European or Russian.


Lukita

Sep 12 2020

I was recommended Fibogroup and initially, I had no problems. Recently however, I had only my winners close early and last night, my position closed after a 7 pip loss and I had no stop loss on it. With the strategy I'm using now, this kind of activity has caused me a lot of headaches and a loss on my account. Also with stop orders, this broker will fill you once it hits the price and not when it goes through it. I have not seen this with other brokers. I will be leaving Fibogroup now.


Marlene

Sep 11 2020

I trade with Fibo Group last few months. Fibo has faster executions, fast withdrawals (max 2-3 days), NO REQUOTES. Good contact with customer support and manager. Only one minus- negative swaps, but usually I do not leave opened position for night. General, very good broker. Good luck!


Alansoi

Sep 10 2020

I submitted my withdrawal request 2 days ago but blocked by them because they don't send SMS for confirmation to my phone. Their support is poor as they don't call or respond to live chart. DO NOT deposit with this broker.


Riccho

Sep 9 2020

I sent 4 emails on 4 different occasions and not one of these emails was responded to (2 in one office, and 1 to the other 2 offices). It was just general questions on a account type (nothing hard). There is never anyone available on chat. I think this company has shut down. If it is not shut down, I could still not advice anyone to open an account here as they do not respond to the most basic of questions.


Clinton

Sep 8 2020

I made a withdrawal from my Fibo cTrader account and as usual, I got a withdrawal confirmation from them. But due to national holiday it being held, so I waited. But after more than 2 weeks I received no money nor any other communication. Personally I don't like this behaviour.


vin2020

Sep 7 2020

I am very upset yesterday just before market close I noticed that my free margin and margin had been swapped and manipulated. My account automatically close in losses due to the low free Margin.


Agaff

Sep 6 2020

Good broker, I love the NDD account type for very low spread and excellent execution. I never had a problem with the executions, fast and no requote, very fair pricing. Easy deposit and withdrawal, fast transfer form it's bank account into mine.
The most importnat thing is the customer service is good, fast response and always give the solution of my complaince.


Richard

Sep 5 2020

For now, I opened an account with them, deposited money on it using Neteller, worked fine the first time, but now, the second time, they say me they have a problem accessing Neteller to check my deposit, so I must wait til tomorrow.


Dennise

Sep 4 2020

Fibo Group is a good broker. They offer low spreads and all my orders are executed instantly on MT4. I have been trading with this broker for over a year after I switched from my old broker. So far everything is perfect.


Anon

Sep 3 2020

Crypto currency mining super hash power has really been an awesome GPU rigs for me using the 10GH/s, the software has earn me more profit this past few weeks.


LongDayToday

Sep 2 2020

Be careful of a fraudulent institution. If you make money, they enter fake stop and fake orders. They messed up my account. Just be careful.


Dwonder

Sep 1 2020

They claimed that thaye have no requotes, but I have observed abnormal spikes that do not exist with any other brokers. Prices that are nowhere else they explained this as stemming from their liquidity providers.


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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 FIBOGroup offers Variable.



HotForex vs FIBOGroup: 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, FIBOGroup provides trading with MetaTrader 4 (Limited with 60 days of inactivity), MetaTrader 5 (Limited with 60 days of inactivity), cTrader (Limited with 60 days of inactivity) with the support of Mobile trading, Browser-based platform, Trading via API, One-click trading, Trailing stop, Pending orders.



Is HotForex or FIBOGroup 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 FIBOGroup presents the ability of trading with Forex, Gold & silver, CFD, Oil, Futures, 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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