HotspotFX or MBTrading

I'm sorry if this has been posted a dozen times, but the more I read the more I get confused.

Of course the commissions and roll-over rates are better at Hotspot. But the Hotspot platform ain't that good, it's not customizable and there's a huge difference between the european division and the american division. Are the people using Hotspot here using the EU one or US one?

I have the same question. I downloaded the demo software of Hotspot US version and Europe version. The difference is really big. Why does this happen? Any answer will be highly appreciated.

Quotes/Executions are the same between the two platforms. Why they are developing 2 different platforms i don't know.

I choose the euro division, because their software supports default stoploss and target orders for every trade - with the american software you have to fiddle around lots until your orders are in place. And there is client-money protection up to GBP 30K, in the USA nada.

Oh and they both suck at answering emails - if you need something ASAP, you will have to use the phone.

Thank you very much Shrike for your info

Are you happy with it shrike? Any gripes about hotspot that you want to share about?

No gripes, it works very reliably.
You should know tho that live spreads are bit worse than demo spreads, and that its definitely not suitable for news-spike trading. Spreads are sometimes 50 pips+ wide for a split-second during figures.

Also, its a bare-bone order-entry platform only, you would need to get charting from somewhere else.

I trade(d) with both.

With Hostspot i have much lower commission and it's perfect for scalping (slippage protection).

I'm with the EU version.

Why the EU version instead of the US version?

MB has slippage protection too if you know how to use it. With MB, you can use a limit order as slippage protection. Say for example you market is at 1.5650, and you want to buy with a 5 pip slippage protection. You place a limit order to buy at 1.5655. This basically says "fill me at 1.5655 or better". If 1.5650 is available, you will still be filled at this price, but if the market moves 6 or more pips, you will not be filled at all.

Been using the Hotspot U.S. retail version for a few months now and I just love it

The US version meaning the one with the black background?

Hotspot's platform is horrible. Looks like it was developed by an apprentice.

Do they have good rollover rates? What are the current rates for GBP/JPY?

Well it has a black background inside the open windows (order blotter, open positions etc), but if you were to remove the windows then it has a white background.


I like it because my strategy is more intra day trading and it required fast execution, good spreads, and it also has good/better commissions with other similar brokers.

I am trading alive with mb trading and I tried demo both hotspot usa and eu divisions.
I see mb trading better if you can understand there orders types and how to use them they are really great having more than a collection of 12 orders types ,slippage control trial stop ,stop loss ,market ,limit combined or nor with stop and slippage really mb trading in orders is non defeat able and about execution they are the best and fast just try to use limit orders and control your risk, will there commission is high yes but they are ways to treat that like opening an account through forex peace army.
about my demo with hot spot i think the difference between the us and eu division because they are separated companies despite the fact that they both use hotspot Fxi as there prime provider.
and I was preferring the us program because of its security and strength .
but after a long thought and demo I prefer now the eu division because there more orders and capabilities compared to us division and also the separated accounts they offer but nor less they are both one window for hotspot Fxi prime brokerage.
my regards

You could always use the multiplatform feature.

Utilize Hotspot I for certain trades on entry buy if need to pull a different liqudity pool or exit the deal via Currenex, EBS Prime etc.

It just depends if your broker supports it.

Sorry about that last post. Let try this again.

You could use a multi platform feature if your broker supports it.

Enter trade via Hotspot Institutional. Exit the deal via Currenex, EBS Prime etc.

Or

If you don't like the front end you could also use X-trader to trade the Hotspot liquidity. But its probably not worth the cost for X trader if you aren't trading futures on at least an active scale.

Just my 2 cents.

Easy Choice HotSpot. have you compared the commissions? Mate MB are a rip off

some explain me how mt trading website is it is call confusing. i google it go this website i dont see a spot market just futures.

I have compared the price feed of HotspotFX and MBTrading and the MBT price feed seems to be a little bit quicker most of the times.

How about the commission? who has the lowest? HotSpot or MBTrading?