Hotspot FX reports all time best forex volumes in June

Is Forex Trading Halal explained by professional Forex trading experts the “ForexSQ” FX trading team.

Is Forex Trading Halal or Haram?

Although it may not remain a private company (or rather, part of a private company) for long, Forex ECN Hotspot FX seems to be doing just fine outside the limelight of the public markets. Now owned by Getco, Knight Capital’s Hotspot FX unit reported that June forex volumes came in at an average $36.9 billion per day — Hotspot’s best month ever (see chart below), 9% above May’s $33.7 billion.

If the Getco team looks seriously at selling Hotspot FX, as we’ve speculated they will (despite their claims to the contrary), to help finance the Knight Capital acquisition, they couldn’t pick a better time. Equity values generally are high. Shares of Forex brokers, such as those of FXCM, Gain Capital and IG Group, are at multi-year or all-time highs. And as we’ve just seen, Hotspot itself has never performed better.

Is Forex Trading Halal or Haram Conclusion

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