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HotForex Discussion

  • #921
  • Aug 31, 2017 1:16am Aug 31, 2017 1:16am
yeah just like what available says, the opinions are sky rocketing to be honest, its crazy, and that feeling of a bubble about to burst, who knows, im just gonna kinda step a side and watch and just accept whatever out come, disappointing or not. LOL but its simply an interesting pair.
  • #922
  • Sep 2, 2017 4:46am Sep 2, 2017 4:46am
Quoting jiggz
yeah just like what available says, the opinions are sky rocketing to be honest, its crazy, and that feeling of a bubble about to burst, who knows, im just gonna kinda step a side and watch and just accept whatever out come, disappointing or not. LOL but its simply an interesting pair.
Lets not distract from the topic of discussing the broker. We can chat about BTC in separate thread.
  • #923
  • Sep 9, 2017 10:03am Sep 9, 2017 10:03am
Is anybody tell me the regulation of HotForex ?
  • #924
  • Sep 11, 2017 8:00am Sep 11, 2017 8:00am
Quoting pax4patel
Is anybody tell me the regulation of HotForex ?
Hotforex has branches in Europe and South Africa. Those companies – HF Markets (Europe) and HF Markets (SA) are respectively licensed by the Cyprus Securities and Exchange Commission (CySEC) and the South Africa's regulator FSB.

This actually recently landed them in a bit of a hot water in Japan, because they have no license there and apparently tried to do business there, according to the Japanese Finance Ministry.
  • #925
  • Sep 14, 2017 8:21am Sep 14, 2017 8:21am
Thanks @mlawson......But in my case i need some support from traders...i mailed to hotforex company so many times..but they didn't reply me.

I don't know what to do next. Kindly suggest me.

Regards,
Parth Patel.
  • #926
  • Sep 15, 2017 2:50am Sep 15, 2017 2:50am
my bad available, haha yeah you are right.. as far as regulatories, if im not mistaken, hotforex has a couple, depending on the traders, from cysec, to sv to southafrica. depending on the offices. pretty much covered.
  • #927
  • Sep 16, 2017 4:41am Sep 16, 2017 4:41am
Quoting pax4patel
Is anybody tell me the regulation of HotForex ?

Here is the link on their regulatory information https://www.hotforex.com/hf/en/about...vironment.html

Hope it helps.
  • #928
  • Sep 16, 2017 5:31am Sep 16, 2017 5:31am
Quoting jiggz
my bad available, haha yeah you are right.. as far as regulatories, if im not mistaken, hotforex has a couple, depending on the traders, from cysec, to sv to southafrica. depending on the offices. pretty much covered.
Are you sure that Hotforex is regulated by CySec? If I were you giving out advices I would check with CySec. You know the difference of beeing licensed and beeing regulated.

I will give replies the same way you do. Not bothering to check facts before doing so. Hotforex has no real regulation to trust. Formerly they were regulated by the CySec (which is a bad regulator). These days they are only licensed by CySec.

Hotforex have no regulator, nobody can do anything when they decide to screw you. Do not do the mistake to believe that licensed means anything else than that the company can have customers/market towards the citizens of that country. If Hotforex misbehave, nobody will help you.

There are a big cleaning up in the industry now. That is why Hotforex has left CySec. If CySec is to comply with directives coming from EU, it does not suit Hotforex business model to be regulated by CySec. That is why they are no longer regulated there.

My bet is that Hotforex will be out of business in the near future. No serious regulator/authority will regulate/license them, as they cannot comply to their demands.

If they continue to operate it will by obtaining license/regulation with nonsene authorites. Attracting rookie traders in forums and on the internet. That they are good at....
Do not let the cost of being wrong, exceed the prize of beeing right
  • #929
  • Sep 16, 2017 6:23am Sep 16, 2017 6:23am
@decima,, What i can to get my money back ? Do you have any idea ?
Because it,s 1.1 Million USD.

Regards.
  • #930
  • Sep 16, 2017 6:29am Sep 16, 2017 6:29am
Quoting available
{quote} Here is the link on their regulatory information https://www.hotforex.com/hf/en/about...vironment.html Hope it helps.
thanks for your reply but i can't get this regulatory's number on website.
  • #931
  • Sep 19, 2017 11:17pm Sep 19, 2017 11:17pm
Quoting Decima
{quote} Are you sure that Hotforex is regulated by CySec? If I were you giving out advices I would check with CySec. You know the difference of beeing licensed and beeing regulated. I will give replies the same way you do. Not bothering to check facts before doing so. Hotforex has no real regulation to trust. Formerly they were regulated by the CySec (which is a bad regulator). These days they are only licensed by CySec. Hotforex have no regulator, nobody can do anything when they decide to screw you. Do not do the mistake to believe that licensed...
Why do you put your reply a mission to warn other traders? Did you lose money with them or what? 95% lose and those striving for success put themselves under great scrutiny to figure out mistakes. Although I don't know your reason, but I guess you make good at your practice and earn money in trading.
  • #932
  • Oct 4, 2017 1:17am Oct 4, 2017 1:17am
Get several questions regarding payments:
1. The maximum deposit is around 10-20k$ on all available methods, how can I deposit larger amount (millions $)?
2. This broker just support Bitcoin payment, is it available for withdrawal or only deposit?
3. What is the cheapeast payment method? Is it wire transfer with >100$ withdrawal?
  • #933
  • Oct 5, 2017 9:58am Oct 5, 2017 9:58am
Quoting asrona
Get several questions regarding payments: 1. The maximum deposit is around 10-20k$ on all available methods, how can I deposit larger amount (millions $)? 2. This broker just support Bitcoin payment, is it available for withdrawal or only deposit? 3. What is the cheapeast payment method? Is it wire transfer with >100$ withdrawal?
For me cheapest is Skrill and then withdrawal on Bank account.
Made two deposits by bitcoin and I know its available for withdrawals too. But I guess you should avoid abusing platform as mediator to move you cash to BTC because they should be strict on that.
  • #934
  • Oct 15, 2017 11:45pm Oct 15, 2017 11:45pm
Guys anybody tried to withdraw to Bitcoin from Hotforex? If yes what was your amount?
Please leave your feedback.
  • #935
  • Oct 16, 2017 7:20am Oct 16, 2017 7:20am
Are there live account traders here with Hotforex?
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.3%
  • #936
  • Oct 16, 2017 7:50am Oct 16, 2017 7:50am
Quoting 9jatrader
Are there live account traders here with Hotforex?
Yes. Everything fine. Only drawback are swaps. Very bad comparing with other brokers
Try don't lose pants never...
  • #937
  • Oct 16, 2017 7:57am Oct 16, 2017 7:57am
Quoting braintheboss
{quote} Yes. Everything fine. Only drawback are swaps. Very bad comparing with other brokers
Great thanks. No problem in withdrawing? Swaps not brokers problem. One can focus on buying currency of higher interest rate
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.3%
  • #938
  • Oct 16, 2017 8:54am Oct 16, 2017 8:54am
Quoting 9jatrader
{quote} Great thanks. No problem in withdrawing? Swaps not brokers problem. One can focus on buying currency of higher interest rate
No withdrawing problem. Even using their Scheilles office ( I have brother in law in Thailand and he have use non EU office )
Try don't lose pants never...
  • #939
  • Oct 16, 2017 9:16am Oct 16, 2017 9:16am
Quoting braintheboss
{quote} No withdrawing problem. Even using their Scheilles office ( I have brother in law in Thailand and he have use non EU office )
I really appreciate your reply
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.3%
  • #940
  • Oct 17, 2017 7:45am Oct 17, 2017 7:45am
Quoting braintheboss
{quote} Yes. Everything fine. Only drawback are swaps. Very bad comparing with other brokers
Are you holding any long term positions with them?
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