Exactly, brokers who announce they are market makers can be respected, like Oanda is a market maker in its all entities Oanda US, UK, AU.
When Oanda announced of covering clients losses of negative balances, Oanda can be respected because its terms and conditions does not cover this point, while when scammer hotforex announce that, it's a cheat and deceive by hotforex because its terms and conditions already cover this point of full responsibility of negative balances goes to hotforex not clients.
For the Misters who are defending hotforex I say, you well know that within the US LAW(and most if not all countries penal and criminal laws, Mauritius supposed to be within!!!) there's a point that talks about the criminal action by companies that cheat people by advertising for a product and selling it in a deceiving way that buyers get another product than the marketed or advertised. There's a punishment by law for such criminal actions.
hotforex marketing and advertising through its own website and other many websites and forums that it's an ECN/STP broker but in fact hotforex is a market maker for the many proofs I showed on my thread
https://www.forexpeacearmy.com/fore...der/38176-hotforex-scammed-me-14770-25-a.html, and for the basic reason that scammer hotforex does not show any liquidity providers names or logos on its website, and even refused to reply to its clients like myself when asked about that LP's question, while it talks about transparency and honesty, what a cheat broker hotforex is.
As a client, hotforex had deceived me into believing it to be ECN/STP but from "short time" that's when i started revealing hotforex scam on FPA I discovered hotforex is a market maker and its many scam ways in deceiving investors and its clients.
So, when I signed a contract with hotforex I did so for the ECN/STP reason not what hotforex turned to be MARKET MAKER.
hotforex will be punished under the law for deceiving me into buying their market maker service while hotforex announce to be ECN/STP broker.
The fined amount would be determined by court but I request no less than $100000 looking at the overall loss resulted from hotforex bad service in my case and this particular market maker cheat specifically.