I got a strange call this morning | Forex Factory

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I got a strange call this morning

  • #1
  • First Post: Mar 16, 2009 11:47am Mar 16, 2009 11:47am
From A guy claiming that FXCM has purchased the retail sector of HOTSPOT FX and I should Try their demo.... Just really weird because I Never signed up for anything FXCM and to be honest if there were any buying taking place I think it would be more so on Hotspots side... Any insight.. Thanks in advance
  • #2
  • Mar 16, 2009 12:32pm Mar 16, 2009 12:32pm
Quoting Manna_fest
From A guy claiming that FXCM has purchased the retail sector of HOTSPOT FX and I should Try their demo.... Just really weird because I Never signed up for anything FXCM and to be honest if there were any buying taking place I think it would be more so on Hotspots side... Any insight.. Thanks in advance
As far as I know they bought the retail accounts from hotspot. At this point if you had an account at hotspot then they now hold your account (were someone supposed to send you a notice at least?). Have you ever took a demo of hotspot instead?
  • #3
  • Mar 16, 2009 12:34pm Mar 16, 2009 12:34pm
Yes they did buy Hotspot retail. As a former HS client you should have been informed ~2 months ago via email.

Hotspot decided to get out of the retail-business and now only offers HotspotFXi.
  • #4
  • Last Post: Mar 16, 2009 12:36pm Mar 16, 2009 12:36pm
Quoting Yosefx
As far as I know they bought the retail accounts from hotspot. At this point if you had an account at hotspot then they now hold your account (were someone supposed to send you a notice at least?). Have you ever took a demo of hotspot instead?
No, the transition is not automatic, you would have to sign the paperwork from FXCM. I guess what got effectively sold was the contact information from Hotspots retail client base. With their fee-structure i don't see too many making the switch tho.
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