Who they are- This firm is owned by an associate of mine who I have known for two years who like me decided to open his own firm and put his clients first. He separates himself from the competition by listening to his clients and giving them what they are asking for. So far this business model has produced a propriety level 2 trading platform for his futures customers and a proprietary modification of the popular Meta Trader 4 platform for Forex clients. This modification allows for multiple ECN feeds from Hot Spot FXr or market leading prime brokers and requires a very low minimum investment. The user sees the best price available and receives lightning fast execution on the platform. This in itself gives the trader a huge advantage over traditional retail dealing desk model employed by more than 90% of the retail FX industry. Usually the minimum account with a prime broker is $50,000 or much more. The minimum account size with Hot Spot is only $3,500 and the minimum trade size is only $10,000 or 1 "mini" lot. Most often prime brokers will only give there clients 1:33 leverage however you can receive 1:100 through Avail and run all of your EA programs the way you normally would. For those automated system traders who do not code in MT4 language there is both a Java and FIX API available. If you prefer Currenex or Hot Spot's software it is also available through Avail.
Platform Launch- The ATC FX Pro 4.00 platform (MT4 with Hot Spot pricing) is now ready and is live! Those of you who have been patiently waiting can now begin trading the 18 pairs Hot Spot offers through the ATC software and run your Experts as well. Those of you who have an expert that needs to start out with 1 micro lot trades should contact us directly to receive this condition. All client accounts with Hot Spot are secured with a Fidelity 14 bond.
Platform highlights include:
Fast and automatic trade execution.
Very tight and sometimes choice (0 pip) spreads.
Straight through processing on all orders (not a market making dealer).
Run Expert Advisors and scripts on Hot Spot's FXr ECN.
Place stops and limits within 1 pip from current market price.
5 digit pricing allows you to trade on 10ths of a pip.
Use all the standard MT4 indicators and run your own custom indicators.
Place orders inside the spread.
Pay a flat commission on all pairs, regardless of the base currency unit value.
Fidelity 14 bond which protects you against fraud and hackers on all Hot Spot accounts.
Dedicated technical support for the Meta Trader connection and 24 hour order desk. |
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