Hot forex provides relatively lower spread but they have dynamic spread.
speaking of which, another less known local bank closed last week, and all the depositors are like in a state of panic. haha i do feel sorry for them but i guess even banks are not that safe anymore. man what in the world is happening now.
interesting................
say if a broker is good, like say I G, UK based , strong balance sheet
But its bank goes bust
so we the traders go down as well! agree?
I dont understand why people would even consider risking sending money to an offshore forex company. Just google their address and you'll see its a mail drop or virtual office, there are dozens of other unrelated businesses registered there. That took 30 seconds to find out, if you dig deeper you'll find more.
If there is a problem do you seriously think you are going to claim back your money from a small island off Africa? How would you even start, take them to court? Do they even have courts there? Madness to even think about sending them your money.
Interesting..
I heard rumors that CySEC regulated companies will be no longer able to accept non-EU clients.
HotForex.com is CySEC Regulated now. What they will do?
Regards,
Jospeh P.
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Yes, you can't compete with martingale grid traders