HotForex is a multinational company that has been in the field since 2010. They currently have over 2.5 million live trading accounts, and over 200 employees spread worldwide. The company offers its live trading services in 27 languages and has successfully taken advantage of the explosive growth in online Forex trading. HotForex is regulated in six different countries, and it claims that it gives priority to transparency and security above all else. HotForex offers spreads as low as 0.1 without commission and 0.0 with the commission. The 0.1 spread is only usable for premium accounts, and there is no commission or fees associated with this type of spread. However, if the traders choose to go with a 0.0 spread, they will have to pay a little commission on their investment. Hot Forex reimburses its traders for any deposit fees they have had to face with their payment provider or bank transfer. They only offer accounts for trading Forex and CFDs - so they do not tick all the boxes, especially for crypto traders. If you only want to trade FX and/or CFDs, definitely check them out by creating a free trading account. No minimum capital required.
Swissquote is generally considered a safe broker company due to several factors: 1. They operate in Switzerland, home of premium European banks - Swiss financial companies are known for low levels of financial risk and high levels of privacy they offer, furthermore, Swiss law requires that banks have high capital requirements and strong depositor protection, which practically ensures that any deposits will be safe from financial crisis and conflict, 2. They are in fact a broker that also operates two actual banks, 3. They provide Swiss government guarantees on deposited funds up to 100,000 CHF in value. Swissquote was founed in 1996, is publicly-traded (SIX: SQN), and is regulated in four tier-1 jurisdictions. They offer higher spreads and commissions than lower-volume brokers such as HotForex, of course - their forex spreads start at 1.3 pips for Premium and 1.9 pips for Standard customers. They also charge 1% commission fee for all crypto transactions below 10,000 CHF in volume. Despite the higher fees, we certainly recomment Swissquote for Forex, CFDs, commodities, and also cryptocurrencies - especially with our longer term trading strategies. Check them out by creating an account here. Minimum investment capital is 1,000 USD if you open your account with their basecamp bank in Switzerland or branch in Luxemburg - if you open your account with their Latvia - based branch, the minimum capital requirement drops to 100 USD.