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You will see comments like that on the brokers with bad reviews here for instance: http://www.forexpeacearmy.com/public/forex_broker_reviews I remember one review there(but not which one) that someone hade been profitable for a long time, and then suddenly they got filled wrong so that...

I heard of brokers who requote or fill you so that you almost lose your whole account, so i guess that should worry you. You should also look into hotspot fx. Recently bought by knight capital who is listed on the stock exchange.Commision is 4 dollar and spreadis 95% of the time one pip on...

yes, and he said he would "trade", thefore bucketshops aren't safe, if you lose money because they stop hunt or put you on manual. Ecn might not be 100% safe because, of widening sprades, and in that perspective fixed spreads might be more safe and so on.

There are better brokers out there. There are too many horror stories with oanda(stop hunting, putting you on manual). Though, you might just do fine with oanda if you are only trading longer term(and not news). But still, they are a bucketshop. I would go for brokers who use either Ecn or...

cabletrader: I might getting the hang of it know.. Being with brokers who only have fixed spreads can make you so dumb.

cabletraders: well I guess the thread goes a bit off topic since no one really has experience with hotspot. But what if you buy at 1.4444, and the spread was 1 pip at that time, but it takes 5 seconds for my order to get filled and during that time, the spread has widen to 4 pips. How is it...

Citating the finer prints: "It is the your sole responsibility to clearly indicate the terms of an Order when entered, whether Market, Take Profit, Limit Entry, Stop Loss, OCO or GTC and including the Order’s Value Date and specified Spot Rate limits, where applicable. Although a Spot Rate...

To sum it up. Does the hotspot retail version seem reliable?

No one who knows the answer of this question :/ ? Or is my thinking wrong?

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...

ssss: do you mean that the broker MBT is the one to go for?

cabletrader: I've only been with brokers with fixed spreads. And orders dont really work well on the hotspot platform. I only want some input on hotspot fx.

bugscoe: As i thought. However, one has to find a way on how to hold longer positions without stops getting hit. The only way as I see it, is not to trade too leveraged. In that case you could handle temporary spreads that widen. Short term trading: as you said, have a calender to look at...

I'm about to open an account with them. I tried the demo platform and it left a very good impression with instantaneous fills and execution. But usually the problems appear later. Would need some input on hotspot fx. What i know: *ECN broker *Spreads on eur/usd: 0.5-2 pips(usually...

Maybe, but i wouldn't take the risk.However, i think I read somewhere that you are using an ECN type of broker.Which one? What are the spreads like,usually, during normal to quiet market hours? It's impossible to find anything about hotspots spreads on the net, except for hotspot FXi, which...

Pippi436:I won't be entering market orders during news time. Just during normal/quiet market conditions. Or would slippage still be a problem? Will the spread be low during quiet/normal markets or is it the other way around? I read some reviews, and every other review of oanda get reviews...

Well sometime, i might go for tp=5. I have however never traded with an ECN broker before, so how much does the spread vary during news/volatile market hours ,quiet times or during normal market hours? Hotspot fx is praised for having the fastest execution of market orders, so the price might...

To sum up the answers: MBT trading is the brkoer to go for? I havn't researched this broker too much. All I know is that it is an ECN type of broker, minimum deposit 400 dollar, and that they have the highest transaction cost of all ECN brokers out there, but still relatively low, since the...

Because it takes time for the broker to offset the risk with banks, and therefore they get exposed to risk when someone only has open positions for a short period of time.

I didn't write that. I was citating someone who believed it was a bucket shop, and i thought if someone here could give some comment on this guy i citated. Here is some information on hotspot fx, that sounds good though: About Hotspot FX Selected as one of FutureBanker Magazine's "25...