I am trying to decide which broker to use, 1LotStp :57: or Hotforex. :57:
Better spreads goes to 1lotstp
Execution about the same
Both allow EA and scalping
They both have about the same amount of pairs
Both offer metatrader and mobile traders hotforex.com plus, Offer bigger bonus but there are more conditions with it.
Both accept credit cards
Both brokers have offshore regulation
Support from both companies seems good. 1lotstp gives weekend support.
Both companies have very good reviews about them.
I am with 1lotstp for about 2 months with a micro account. Execution with them is excellent, support is decent. I don’t know about hotforex, never tried them
I am from China and I’d been trading with hotforex for long, almost two years it seems, before hotforex, I had some experience with other brokers. hotforex was recommended by my friends in the UK, and they had a good Chinese customer service. stability is another reason why I stay with them.
Platform with 1lotstp is very stable, they use a very good bridge from what I hear. I was told they are dropping spreads even more later this month, this is the only reason i think i prefer them over hot forex as they have lower spreads.
how long have been 1lotstp runnning, im not sure about them, but stting asides bonuses (I don’t like bonuses) well to be honest everything about hotforex is smooth, main concern was withdrawals and they are quite fast really, and best of luck… trying two demos is another good idea really… keep us posted
Trying a demo account does not really tell you anything. You will know when you go live and trade with them for a while to see how they treat their traders. Personally I am with PaxForex and eased my way into it with them. You may want to open a micro-account with both and use them to see which one is better suited for you. When it comes down to it the best thing is to go live and try yourself.
2 brokers you mentioned above are good, but i can recommend you a better broker: EXNESS
Here are the 2 main strengths of Exness: low spread from 0.3 pips ; deposit fund via Liberty reserve which is very simple and quick. So it is great if you discovery more about exness. Just “google” it.
I have been trading with Exness for 8 months and I am sure, this broker is a great one to help you experience trading FX.
Don’t go with EXness, they ripped me off. They are clearly marketmakers with their high leverage. At least with 1lotstp they are clearly a true execution broker from what they offer. I would go with them
I don’t trust companies offering crazy incentives. I’d go with 1lotstp over hotforex. Let them keep their bonus offers as its not like i can cash in on them. I’d rather have the lower spreads at 1lotstp.com :35:
I think hotforex is better since I have used it over 6months, I had heard a lot of good feedbacks about this broker. In fact, nothing bad happens with my account or my trades. I recommend this one for traders.
