Cboe FX (Hotspot FX LLC) Review
HotSpot FX (Cboe FX) is a well-known crypto-broker providing services to investors of various levels of development since 2000. The main product of the organization are futures on military-technical cooperation.
What is Cboe FX (Hotspot FX LLC)?
The company is registered in the United States of America, the city of New York. It is a subsidiary of a large American holding Knight Capital Group, Inc. It has 4 offices, the main office in the United States, in New Jersey, as well as offices in Chicago, Illinois, in the city of England, London and Singapore. The company’s data centers provide uninterrupted communication with the company’s customers through the Internet, the software protects them from hacker attacks, which ensures no slippage when executing orders. Trade is carried out around the clock, five days a week, until Friday, 5 pm, New York time. Until 2018, it existed under the name HotSpot FX.
Trading Accounts
There are 3 types of accounts available in your account:
- “standard”;
- “mini”;
- “ECN”.
Conditions are not comparable with what competitors offer, but there is no exact information about the nuances on the company’s official website. Quite a lot of tools are used for trading:
- currency pairs;
- metals;
- stocks, indices;
- binary options.
- Cryptocurrency
Terms of trade:
- license from NFA;
- work on spread fluctuations;
- minimum account size – $ 7,500;
- maximum leverage – 1:50;
- mobile forex
- possibility of automated trading;
- support service – 24/7;
- opening an account in EUR or USD.
Many companies can act as independent traders, and corporate market players. To start trading, you need to open a trading account with a minimum starting deposit.
Work in the foreign exchange markets is carried out using the trading systems Cboe FX, Night Direct FX, TradeView Fx. Broker Cboe FX allows scalping, takes low commissions and provides a history of all real transactions concluded in the system.
Trading Platforms
For traders who prefer to use mobile devices for trading, the broker offers a mobile version of the MT4 terminal.
One minus in the digging is still there, it does not use the web platform.
Learning from a broker
For beginners, the stock broker has created extensive educational material, which includes the following materials:
- Institute of options.
- How to start trading in financial markets.
- Online courses.
- Webcast.
- Answers to any questions about stock trading.
- Familiarity with trading tools.
Also, the company offers everyone to get acquainted with the opinion of staff analysts and practicing traders on the development of financial markets and the possibility of earning on these trading floors.
Withdrawal up to 7 business days.
There are only two withdrawal options – bank transfer and transfer to the card. There were no proven complaints that the broker did not conduct withdrawals, although there are different opinions about the broker’s work. And often negative.
Note some positive points in the work of Cboe FX:
- Have a license issued by a US regulator (NFA). Not all brokerage companies can boast such a license.
- Vast experience in financial markets.
- Serious financial support, allowing broker clients to feel confident.
