Gentlemen Horspotfx is alsov not agency and demanded from start 7000$ It is false to open one account with 7000$ . In each case better open 4 accounts *1750$
From a different forum, regarding counterparty: "Hot Spot FXr always takes the other side of the trade initially before hedging it with a bank or matching the order against another customer's position. If you read the paperwork it says that if Hot Spot has its own positions on the other side they don't need to hedge it at all. So yeah there is a desk although it is not as crooked as most which don't even offset your position and just trade against you directly all the time. So these guys are not shifting prices running your stops etc."
Trader KGB: In other words they need some time time before they can take the other side, which would'nt always be the case if you were scalping.....Many bucketshops have this problem with scalpers, since they dont get enough time to take the other side. Am I right? Though, the price you see is the price all other gets, so they can't manipulate the quotes or stop hunt you. Their only choice would be to kick you out.
cabletrader Quote from ssss: It is false to open one account with 7000$ . In each case better open 4 accounts *1750$ Why? You must understand enemy art of the thinking .If broker trade against you ,that is your enemy ... That what would better for your enemy would worster for you. If all your capital conzetrated by one broker ,which traded against you,than this broker have full information about your tactic and behaviar If in your head present ideja ,that operation from one account is more suited for high profit ,that would better for your enemy in most of the case ! As average life expectance for retail fx account some 45-60 days ################### From author personal experience - realtimeforex.de simple shutdown platform for night (8hours) in time of maximum volatility for eur/jpy Author 1 result in contest for 5000 euro prize was liquidated. Broker public accepted error ,but will not pay and ... FOREX in SWISS is NOT REGULATED MARKET That is calculated by all FX broker in SWISS (Dukaskopy &)
From what I understand, Hotspot is anonymous as it uses a central counterparty (yes, FXMS' claim to be the first centrally cleared OTC FX platform is not accurate). And it does not act as a market maker. Prices are from its liquidity providers and its clients. This is from Hotspot's website. "Hotspot FX doesnât take positions against its clients at all."
...This is from Hotspot's website. "Hotspot FX doesnât take positions against its clients at all." Please carefully read clients agreement ,which operator must signature and what would decisive for court . Not www page !