I'm about to open an account with them. I tried the demo platform and it left a very good impression with instantaneous fills and execution. But usually the problems appear later. Would need some input on hotspot fx. What i know: *ECN broker *Spreads on eur/usd: 0.5-2 pips(usually 1pip). They widen sometimes to 30pips, which i saw. Would that mean that I would be back 30pips on an open position, or that my stops would hit, if the spread exceed the stop loss? *transaction cost: 3 Dollar/1lot each time. *Hotspot fx are counterparty to all trades *they claim to have a straight through processing model * Orders don't work too well, since they are an ECN type of broker. *They deal with big institutions,hedge fund managers etc. with their Hotspot "FXI" platform. *They recently got bought by knight capital *Minimum deposit 7500 dollar *Minimum trade size: 1 lot *Leverage 50:1 *Under regulation by NFT(not sure), and som other party that I dont remember the name of. * Have about 5 million in capital,barely meeting the minimum requirement. * On phone, they told me i could trade however i wanted, and that they didnt care, since they are an ECN type of broker. * They get liquidation from about 10 banks.