It has to do with the way the currency is quoted. In EUR/USD, the price (e.g. 1.20xx) is 1.20xx $ per EUR. Therefore your profit/loss is represented in USD (GBP/USD, AUD/USD are other examples). In a currency such as USD/CHF, the price (1.27xx) is ...

I use Hotspot and am very happy with the service. I don't scalp so much, but I don't imagine it to be a problem if I did since they aren't running a dealing desk and you are trading directly with the bank that is providing the rates. Spreads are 1-2 ...

I'm not saying the government wouldn't allow it, it would just raise alot of red flags the more often the client put this type of conversion trade through without a legitimate cross border business that would require regular currency conversion.

Such a practice would never be allowed as it raises every money laundering red flag in existence.

Yes I understand that. I have the same functionality at Hotspot.

But surely the rollover interest that you earn is commensurate with what you pay when you are positioned the other way round, no?

Something fishy about it since a multiple bank fed model such as they are promoting should yield a varied spread which sometimes would show 1,2 or 3 pips in EUR for example depending on the movement of the different price feeds. For them to have a ...

A 3 pip spread in crosses is not that big of a deal (I get that now with Hotspot in EUR/JPY and EUR/CHF and 2 pips in EUR/GBP) but I would be a little leery about a company offering 500:1 margin.

Hello Hayek,. I also have an account at Hotspot and you ARE able to enter a 'stop entry order' as you call it on the live platform. The issue is that they call all sell orders below the market and buy orders placed above the market 'stop loss' ...