Advice needed

Discussion in 'Forex Brokers' started by chr_papak, Nov 1, 2006.

  1. Hello to everybody. I intend to trade spot fx in the near future, so I studied a lot the posts from fellow traders in elite. I assume that all will agree that is best to go with an ECN than a bucket shop. I concluded that I should use one of the following: Hotspot, currenex, oanda. In the last few days i learned that one ECN firm called COESFx has troubles. Could you please comment on the above three firms and which is best according to your experience?

    Thank you very much for your time.
  2. Oanda is not an ECN, but still the best ;)
  3. Stay away from COESfx. I know one of their top reps who told me that their technology stinks. He's clandestinely looking for job offers behind the scenes!
  4. thank you all for your replies... but as i said i am not considering coesfx. The reason for the thread was to ask if you believe it is "safe" enough to use the three firms i intend to use. From my research i tend to believe hotspot is much "safer" because now belongs to Knight Capital. Any suggestions please will be very helpful.

  5. Make sure you use the institutional version of HotSpot (HotSpotFxi) instead of the retail version. I have heard horror stories about the executions and games played on their retail platform - but then again, in the forex brokerage world,

    Retail = License to Steal.