how can hotspotfx pays this rate?

[spieler]

http://www.hotspotfx.com/openacct/faq/

2,25% interest per month based on 500K$ paid every month that's a huge actualised rate for cash money.

Let's stop trading and just put the money with them?

Of course there is the bankrupcy risk but they are a full subsidiary of knight.

Where is the trick?

 

[Pippi436]

Hughe? I get more in my bank account for EUR o/n money from the first cent onwards, and EUR rates are lower than USD. They are actually makeing money on those rates.

 

[spieler]

it is 2,25% per month not per year...........

 

[Pippi436]

It says it is payed monthly, not that this is a monthly rate.
2.25% per month, 12 compounding-steps would result in a yield of about 34% p.a.

Im sure they dont mean that

 

[spieler]

Ok should be that.
A friend of mine gave me the url saying he get them on the phone and that it was monthly %.

I told him impossible but he insisted ......

 

[bugscoe]

You think that is good, move to Oanda. They pay 4.925%.

 

[meatstick]

It is a per annum rate, and money market rate is 5.25% so you're losing money. You should find someone to pay about 5% at least.

Don't be silly and think someone will pay you 34% per annum no risk LOL.

 

[itrader911]

wowiiii

 

[martingalaj]

to me payme only 8.71 dollars in a month.... i have more than 20k all month

 

[itrader911]

its true I've seen better