Cboe FX (Hotspot FX LLC)

Cboe FX (Hotspot FX LLC) is a brokerage company established in the United States in 2000. This operator is regulated by NFA, FCM, and CFTC. The company has offices in New York, Kansas City, San Francisco, Singapore, Ecuador, London, and Hong Kong. It works with both private traders and institutional investors. Hotspot FX received permission to provide brokerage services in the Forex market in 2001. A year later, this organization launched the first investment ECN-model.

Cboe FX (Hotspot FX LLC) broker is a business unit of Knight Capital Group, Inc., a financial and investment group of companies.

Cboe FX (Hotspot FX LLC) brokers

Trading conditions

The broker provides for trading currency pairs, options, precious metals, and stock CFDs. The deals are executed on MetaTrader 4 – the current leader in the industry of trading platforms for the Forex market, and this is hardly surprising:

  • The terminal allows traders to conclude deals within seconds.
  • It enables users to perform a deep analysis of price behaviors.
  • Traders can create personal strategies and modules of automated trading through the use of MQL 4 programming language.
  • The platform comes with an extensive selection of technical indicators to make analysis more precise.
  • MetaTrader 4 has an inbuilt news feed, informing a user about the state of the global economy.

The most surprising point about Hotspot FX LLC is the size of a minimal deposit – it is quite large ($7500). Such a requirement may frighten inexperienced traders, and it also suggests that the broker’s targeted audience is Forex veterans and large-scale investors.

Another controversial moment about this brokerage firm is the size of leverage – it is just 1:50. You should also know that the broker charges commissions for most of its services, including order entry.

Clients of Hotspot FX can open accounts in dollars or Euro. Deposits and funds withdrawals are carried out through bank transfers, plastic cards, and WebMoney (an online payment system).

Cboe FX (Hotspot FX LLC) brokers

Traders can also enjoy automatic trading, while first-comers can harness their trading skills with a demo account for 60 days.

Cboe FX (Hotspot FX LLC) works on the ECN model. Moreover, the broker is the creator of the first of its kind institutional ECN model, known as ECN Hotspot FXi. The advantages of trading with Hotspot by the ECN technology are:

  • Centralized determination of prices
  • Instant execution of trade orders in the online mode
  • Direct and secure access to financial markets
  • All necessary financial and market information is available on the site, including real-time quotes
  • A diversity of trading strategies available to customers, including scalping

Hotspot FX broker is not meant for Forex beginners owing to a high level of minimum deposit, restricted leverage, and commissions taken for practically every service provided. Still, it is very popular with Forex professionals and big investors who have a good appetite for risks and ventures in the financial space

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Nirius

01/04/2019 Reply

Everything is normal. Before starting trading I've read a lot of literature, and I already knew, what I need. This broker gives me everything I need. Everything is normal.

Cboe FX (Hotspot FX LLC)

Cboe FX (Hotspot FX LLC) brokers
Bonus

No

Min. deposit

$7500

Regulators

NFA FCM CFTC

Leverage

1:33, 1:50

EURUSD spread

floating

Platforms

MetaTrader 4

Year of foundation

2000

Country

United States