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Hotspot FXi company was established by group of the currency market professionals in 2000. Hotspot, Inc. is a subsidiary company of Knight Capital Group, Inc.
In 2001, the company got the US registration as a broker with the right to provide services for individuals in the international currency market Forex. In 2002, Hotspot FXi broker has run the first institutional model ECN Hotspot FXi.
Even though Hotspot FX LLC has a high minimum deposit, I can admit that they provide excellent service. I have been trading with them for a year and still receiving good service from them. The trading platform is still working smoothly without a significant problem and stable, spreads are also fixed, and they still execute orders instantly. Since I joined them, I never get big trouble with my trading activity. When I need help, customer support always available and responsive. They are reliable and professional broker as far I can tell.
I have had trouble to open an account with Hotspot FX LLC. Its takes 4 days to complete my registration process, it is very complicated. Another thing is that I do not any web base platform even they do have mobile platform. Usually I travel a lot for my business purpose so web trader or mobile platform is very essentials for me. I feel I may not go so far with Hotspot FX LLC broker.
Unfortunately I was not lucky with Hotspot FX LLC. While I was in the demo in their MT4 platform, everything was smooth, but then I made a deposit and started trading in live account, execution is kind of slow, and spread can get absurdly high, especially if you are dealing with EUR/USD. Also they offer just slim possibilities of deposit and withdrawal that charge a high commission. I sincerely think they play against clients not in favor, Please, stay away from them.
I trade with Hotspot broker for more then one year. The fact that they have the request for a minimum account size of 7500$ is something which shows the quality standard of their services. I made during one year a profit of 42k $. I trade GOLD, Silver, Crude Oil, Natural Gas and shares. The platform is flawless, fast in execution, real time prices, no re-quotes, the broker is not manipulating the prices as other brokers do. I had during one night some positions closed and after I called support they reopened my positions and also the money lost 375$ were credited to my trading account. I recommend the broker!
I have very bad withdrawal process with Hotspot FX LLC. I have deposit via bank wire, But when I get profit and I want to withdraw my profit, the process was very difficult. Four times declined for my withdrawal process, each step I was consult with customer support even email to them, they told me to re-withdraw but then declined again. I have never face this kind of problem with another broker. I do not recommend you to use Hotspot FX.