A market maker, dealer in securities or other assets, can be a person or brokerage house that is always prepared to buy and sell securities at specified prices in order to provide liquidity to the markets. So, Hotforex broker is 100% STP Broker, following a Market Execution policy with no dealing desk. This means that all clients have their orders executed instantly under normal market conditions and at the real market price.
Hotforex broker review you can read on our website in detail.
Hotforex Broker is no dealing desk broker but in the Terms section of this broker we can read this:
The Company will, upon the Client’s written request, in general, disclose to the Client whether the Company may act as a Market Maker in certain CFD Contracts.
When acting as a Market Maker, the Company will under normal market circumstances quote the Client bid and ask prices.
The Client accepts that the execution venue in CFD contracts where it acts as Market Maker may hold positions that are contrary to positions of the Client, resulting in potential conflicts of interest between the execution venue and the Client.
In markets, where the Execution Venue acts as a Market Maker, the Client accepts that the Company has no obligation to quote prices to clients at all times in any given market, nor to quote such prices to clients with a specific maximum spread.
Any commission costs, interest charges, costs associated to and included in the spreads quoted by the Company as a Market Maker in certain markets and other fees and charges will consequently influence the Client’s trading result and will have a negative effect on the Client’s trading performance compared to a situation if such commission costs, interest charges, costs associated to and included in the spreads did not apply.
So only in some cases broker quote the Client bid and ask prices in certain CFD Contracts but practicaly hotforex is 100% STP Broker.