On-line since: About the company:
Cboe FX company was established by group of the currency market professionals in 2000. Cboe FX, Inc. is a subsidiary company of Knight Capital Group, Inc.
8/10
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Cboe FX has a nice trading platform and they gave me the fastest trading services in the market. Also, their payment service is reliable. Also, I can deposit or withdraw my profit instantly through Skrill, which is satisfied with their professional service in the market so far.
Cboe Fx broker was consistently delaying my withdrawal request which made me lost my patience already. I sent them withdrawal request last July and I don't know what seems to be the problem and it took them so long to process it. I needed to pull out all my funds which is $7800 already because I know they were manipulating my profits and reducing my funds without me knowing. I was very disappointed. So I decided to leave and request to withdraw the remaining funds. And they have very unreasonable first deposit.
Cboe FX is a really good broker. This creates a trading environment with no re-quotes and no conflict of interests. Cboe FXalways processed my request. It was processed during one or two days in the working time. My experience so far has been good. Their customer service is excellent. Keep it up!
It’s very easy to execute order when in loss, very difficult to execute order when profit (keep appear in processing then show price not available anymore). They did not respond to user complaints promptly and often provide an incomplete explanation and the results are sometimes not in accordance with the initial offering. I am very careful with this broker, because I have a lot of money. They have very inconsistent rules. Moreover, their initial deposit is relatively high. So, every trader should be careful.
To be honest, I find the initial deposit required by Cboe FX to be too expensive. Given the quality of their services, it is not worth it to invest a huge amount of money on them. Their platform malfunctions all the time and you will only end up losing your money.
No doubt about Cboe FX broker, as I have my accounts here and experienced the best order execution in the live price quote. So I can open a deal in desired position so far, as no slippage or re-quote in my trading history. Their payment service is quick and I can use many payments system, while I have chosen the Skrill payment system. Overall I am pleased with Cboe FX broker and I give them 8 to 10 marks.
Cboe FX is a reliable broker, no doubt about that. In terms of regulation and security of your funds, there is nothing to worry about. What I worry more is that I keep losing my trades because of their faulty platform. Their platform could not take high volatility. So when there are news announcements, I expect it to crash already. The support team has been saying that they are working on it but I still see no changes. If they could only fix that, then I wouldn't have any more complaints against this broker.
I recommend this broker for professional traders because of the high amount of minimum deposit which is 7500$. I trade with them major currency pairs and Bitcoin. My profit increased the past couple of months considerably because of the movements of Bitcoin. I am a day trader, the platform works fast in execution and the broker is not manipulating the prices. I had a shutdown of one position with a loss of 1500$ and I called their support team because was obvious the problem was from their server,they opened back my account and I got my money.
I trade with Hotspot for a couple of months till now I think that is an average broker. It has a request of a minimum deposit of 7.500$, but the platform has delays during volatility times. I requested to fix the bugs with the platform, they fixed the problems for a while then again that problems. I trade with them currency pairs EUR/USD, GBP/USD, USD/CAD, USD/CHF, USD/JPY and I made a nice profit of 1000$ in two months. The withdraw process is easy and the broker doesn't have hidden commissions.
I joined Hotspot FX after having a bad customer service experience with another well known forex broker and I have to say "so far so good". I read and researched all the services they offered and the reviews from the traders. For a month trading with them has been smooth. I deposited an initial of $100 via Moneybookers and I felt an instant rapport with one of the support who helped set up my account & found their customer service to be fantastic. The speed of execution on their mt4 platform is the best ive experienced and i think anyone who feels its not up to speed should go down the ECN route. I do trade long time frames so problems of stop hunting and slippage don't really affect me. Now i earned 10% of profit but I haven't tried to withdraw yet. All in all I am the most satisfied with their services. Will update soon!
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