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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.
I only started trading with Hotspot a few months ago. My trading activities are going well so far. I am able to use their trading platform without difficulty and they have a commendable customer support team. They are very professional yet friendly when speaking to their clients.
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!