Which broker is better for Malta traders in 2026? Expert analysis across 12 categories.
Choosing between EasyMarkets and HotForex HFM for forex trading in Malta requires understanding how each broker caters to local retail traders. Both firms are regulated by the Malta Financial Services Authority (MFSA), giving Maltese investors strong protection. EasyMarkets scores 3.4/5 and is known for fixed spreads, no slippage, and a simplified trading platform, making it ideal for beginners. HotForex HFM scores 4.4/5 and excels with tight variable spreads, multiple account types, and advanced tools like MetaTrader 4/5 and cTrader. Malta traders benefit from local payment methods including Bank Transfer, Skrill, Neteller, and USDT TRC20, ensuring fast deposits and withdrawals. Whether you prioritize cost efficiency or simplicity, this comparison highlights key differences specific to the Maltese market.
| Instrument | EasyMarkets | HotForex HFM | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | HotForex HFM |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | HotForex HFM |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | HotForex HFM |
| Standard acc spread | from 1.0 pips | from 0.8 pips | HotForex HFM |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $0 | HotForex HFM |
For Malta traders, trading costs are a major factor. HotForex HFM offers variable spreads from 0.1 pips on the Zero account with a small commission, while the Standard account has spreads from 1.2 pips with no commission. EasyMarkets uses fixed spreads starting at 1.0 pips on major pairs, which can be higher but offer no surprise widening during news events. Over 100 standard lots per month, HFM's raw spreads can save Malta traders $500+ in costs compared to EasyMarkets' fixed model. However, HFM's variable spreads may spike during volatility, while EasyMarkets' fixed spreads provide budget certainty.
| Account Type | EasyMarkets | HotForex HFM |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✓ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✓ |
| Min deposit | $25 | $0 |
| Entity / Asset | EasyMarkets | HotForex HFM |
|---|---|---|
| Malta (offshore) | Up to 1:2000 | Up to 1:2000 |
| Forex major pairs | 1:2000 | 1:2000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | EasyMarkets | HotForex HFM | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | 20+ | EasyMarkets |
| Stocks / Share CFDs | ✗ | ✗ | HotForex HFM |
| ETFs | ✗ | ✗ | Tie |
| Platform | EasyMarkets | HotForex HFM |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
EasyMarkets offers its proprietary web platform and mobile app, designed for simplicity with built-in risk management tools like dealCancellation and Freeze Rate. HotForex HFM provides MetaTrader 4, MetaTrader 5, and cTrader, giving Malta traders access to advanced charting, automated trading via Expert Advisors, and custom indicators. For retail traders in Malta who want a streamlined experience, EasyMarkets' platform is intuitive. For those needing depth, HFM's multi-platform ecosystem is superior.
| Factor | EasyMarkets | HotForex HFM | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | HotForex HFM |
| Avg execution speed | ~30ms | ~40ms | EasyMarkets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
EasyMarkets guarantees no slippage on its platform, executing trades at requested prices even during volatile markets. HotForex HFM uses a no-dealing-desk (NDD) model with straight-through processing (STP) and ECN execution on the Zero account, resulting in average execution speeds under 50ms. For Malta traders prioritizing price certainty, EasyMarkets wins; for speed and transparency, HFM is superior.
| Safety Factor | EasyMarkets | HotForex HFM |
|---|---|---|
| Primary regulator | CySEC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both brokers are licensed by the Malta Financial Services Authority (MFSA), a top-tier European regulator that enforces strict capital requirements, client fund segregation, and negative balance protection. This means Malta traders are covered by the Investor Compensation Scheme (up to €20,000) and can trade with confidence. EasyMarkets also holds CySEC and ASIC licenses, while HotForex HFM is additionally regulated by FCA and FSCA. For Malta residents, MFSA oversight ensures alignment with local financial laws.
| Payment Method | EasyMarkets | HotForex HFM |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✓ |
| Withdrawal time | Cards 1-2 business days; e-wallets instant-1 business day; bank wire 3-10 business days; overall back-office processing within 1 business day (24h) | E-Wallets (Skrill, Neteller, FasaPay): Instant.WebMoney and PayRedeem: Up to 10 minutes.Cryptocurrencies: Up to 24 hours.Credit / Debit Cards: 2 to 5 business days.Bank Wires: 2 to 10 business days depending on the bank. |
Malta traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT TRC20 with both brokers. EasyMarkets also accepts credit/debit cards and PayPal, while HotForex HFM adds China UnionPay and local bank solutions. Deposits are processed instantly for e-wallets and crypto; bank transfers take 1-3 business days. Withdrawals are typically free at both brokers, though EasyMarkets charges a small fee for bank transfers under $100. Minimum deposit: $100 for EasyMarkets, $5 for HotForex HFM. USDT TRC20 is a fast, low-cost option for crypto-savvy Malta traders.
| Islamic Account Feature | EasyMarkets | HotForex HFM |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both EasyMarkets and HotForex HFM offer swap-free Islamic accounts for Malta Muslim traders, in compliance with Sharia law. EasyMarkets requires a minimum deposit of $500 and the account must be opened via customer support. HotForex HFM offers Islamic accounts on Standard and Zero variants with a $100 minimum deposit. No additional fees are charged on either platform, but holding positions beyond the permitted swap-free period (typically 10-14 days) may incur a fee. Both brokers confirm eligibility with documentation.
| Support Feature | EasyMarkets | HotForex HFM | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
EasyMarkets provides 24/5 multilingual customer support via live chat, email, and phone. HotForex HFM offers 24/5 support in multiple languages, including Maltese, with phone, email, and live chat. Both have comprehensive FAQ sections. HFM edges ahead with faster live chat response times (under 30 seconds) and dedicated account managers for higher-tier clients.
| Mobile Feature | EasyMarkets | HotForex HFM | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | EasyMarkets |
| Google Play rating | 4.3 stars | 4.2 stars | EasyMarkets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | EasyMarkets | HotForex HFM | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | EasyMarkets |
Choose EasyMarkets if you...
Choose HotForex HFM if you...
For Malta retail traders, the choice between EasyMarkets and HotForex HFM depends on your priorities. HotForex HFM's superior score (4.4 vs 3.4) reflects its lower costs, broader platform options, and flexible deposit minimums—ideal for active traders who can use Bank Transfer, Skrill, Neteller, or USDT TRC20. EasyMarkets, while lower-scored, offers fixed spreads, no slippage, and simplified risk management, which suits beginners or risk-averse traders regulated under the MFSA. Both brokers are local-licensed and support Islamic accounts. If cost efficiency and advanced tools matter, choose HFM. If predictability and ease of use are key, EasyMarkets remains a solid choice for Malta.