Trading FAQ

What is the Hotspot FXr Trading Platform?
The Hotspot FXr Trading Platform is a system that enables users to trade in real time, and allows clients to place live bids and offers. All buy and sell requests are executed in the order in which they are received, without regard to the identity of the client or size of the order.
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Is the price on the screen a true live price?
Yes. All the prices are firm tradable prices and can be executed instantly.
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Is the Hotspot FXr trading platform completely anonymous?
Yes. The Hotspot FXr trading platform provides our clients complete anonymity.
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Can I see the depth of the market (like on the NASDAQ Level II screens)?
Yes. All outstanding buy and sell requests equal to or greater than 100,000 units of the base currency will be displayed in a visual format. The depth of the market gives our clients an indication of the true supply and demand for a currency while maintaining complete customer anonymity.
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Can I place a bid and an offer in the market at the same time?
Yes. Clients can input as many bids and offers as their margin requirement allows. Clients have the ability to be market makers, and  clients have the option of placing their bids/offers inside or outside the existing price.
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Will margin-buying power be updated live?
Yes. As your open position size and your P&L changes, your margin account balance will reflect your increased/decreased purchasing power. This update takes place live on the Hotspot FXr system.
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How quickly are deals transacted?
Instantaneously!
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What are the minimum system requirements?
We recommend a minimum configuration of a 266 MHz CPU, 128MB RAM, 50 MB free hard disk space and a 56 K modem. Display settings should be set for 1024 by 768 pixels.
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What is the minimum trade size?
Our minimum trade size is 1,000 units of the base currency.
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How are trades executed and confirmed?
Trades are executed instantly. A confirmation panel appears on your screen. All deals are recorded in your deal log.
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What currencies are available to trade?
We will trade all the major currencies and continue to expand our coverage to meet customer demand.
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How are positions carried from one day to the next?
Hotspot FXr will automatically roll open positions on a daily basis. Rollover interest rate adjustments will be credited or debited directly to the clients account daily.
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What are the trading hours?
Hotspot FXr will be open 24 hours a day from Sunday 18:00 EST until Friday 17:00 EST.
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Is trading with Hotspot FXr secure?
Yes. Hotspot FXr uses sophisticated encryption and authentication protocols to ensure your security and privacy. When your account is approved, you will be issued a USER ID and a Password. This information will be required to trade. Our phone lines are tape recorded. 
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Will Hotspot FXr issue account statements?
Yes. Clients will be able to access daily, monthly and YTD historical trade data, as well as P/L history. These can be downloaded and printed at any time by the client.
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Can I deal with a salesperson on the phone?
Yes. We are staffed by experienced professionals from 1800 EST Sunday to 1700 EST Friday.
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Is there a demo trading platform?
Yes. Clients can download the Hotspot FXr demo-trading platform from the home page of this website. The demo-trading platform is functionally similar to the live-trading platform. The demo-trading platform is a time delayed automatic price fed system. Amounts and rates will differ from the live-trading platform.

We strongly encourage all of our clients to practice on the demo-trading platform before using the live- trading platform.
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May I leave orders?
Orders may be placed via our electronic orders system or on the phone with authorized Hotspot FXr employees.
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Who is the counterparty to my transaction?
Hotspot FXr is the counterparty to all transactions.
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What is the Hotspot FXr Trading Platform?

Is the price on the screen a true live price?

Is the Hotspot FXr trading platform anonymous?

Can I see the depth of the market (like on NASDAQ Level II screens)?

Can I place a bid and offer in the market at the same time?

Will margin-buying power be updated live?

How quickly are deals transacted?

What are the minimum system requirements?

What is the minimum trade size?

How are trades executed and confirmed?

What currencies are available to trade?

How are positions carried from one day to the next?

What are the trading hours?

Is trading with Hotspot FXr secure?

Will Hotspot FXr issue account statements?

Can I deal with a salesperson on the phone?

Is there a demo trading platform?

May I leave orders?

Who is the counterparty to my transaction?

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