HotForex Discussion

Would you reveal trade secrets of your company when your clients request this information? Should they care about quality of where the quality comes from?
They have a reason to keep some information private because it can harm their interests I guess.

so you think?no facts no evidence no proof....it always saddens me when some speaks on some one's behalf and acts like they actually know something to represent the particular company or person.

You are a good advocate for assumption.keep it up.

I run small commercial firm in the real sector, but still the principles are the same. There is some information (like sources of wholesale with best prices) which clients often ask me about. I know I can be more trusted being open on this matter, but if my competitors will know this information, they will ruin my business. that's how it works.

Doesn't matter...you still don't work for hotforex or any other forex broker...YOU ARE ASSUMING!!what their actual policy is behind closed doors YOU DON'T KNOW.you only know what they choose to let you know...and i still don't see how running a small commercial firm makes you earn the right to know the depths of the forex brokering and liquidity providing.

lets just agree to disagree...forums like this are full of people like you who make a few thousands usd's from trading or own small business that makes thousands dollars "unrelated to forex trading" and then come in here and act like they know everything.so this argument might never end.This forum is full of hard heads like you and me.

So lets just agree that you don't know and i don't know what the true hotforex policy is,and that we actually don't even know how they run their business and admit the only info we have about them is one we see from their webpages and also that they choose to reveal for us when we ask.

WHAT I KNOW FROM MY YEARS DEDICATED TO MY PROFESSSION AS A HEAVILY SUCCESFULL TRADER AND HAVING CHANGED BROKERS OVER THE YEARS IS TRUE ECN/STP BROKERS PUBLICLY DISPLAY THEIR LIQUIDITY PROVIDERS ON THEIR SITES OR FREELY REVEAL TO YOU THE RETAILER UPON REQUEST (WITH NOTHING TO HIDE AND NO SHAME ABOUT IT).In those years of my career i have burned through market maker brokers,stp brokers,ecn brokers and true ecn brokers.and I AM A DAMN SUCCESSFUL TRADER!!!So i think i have earned the right to talk about fishy forex broker practices.and bare with me-suspecting fishy behaviour doesn't mean there is actually absolutely something fishy going on.

meaning,Till you and i own and run a big bank that provides liquidity or actually own a forex brokering firm-WE HAVEN'T EARNED THE RIGHT OR KNOWLEDGE to speak to the public about this...my original statement or comment about this forex broker was via my experience with them and my own reasons about leaving their business.NOT ABOUT WHY ITS IMPORTANT FOR A FOREX BROKER TO HIDE THEIR LIQUIDITY PROVIDERS AND CLAIM SEGREGATED CLIENT ACCOUNTS/FUNDS AND GETTING LIQUIDITY FROM TOP BANKS AND FINANCIAL INSTITUTIONS THAT THEY ARE SHAMED TO REVEAL PUBLICLY.

#SO KINDLY TAKE A SEAT SIR.HUMBLE YOURSELF.
(The next time you attack anything with the know it all mentality-actually make sure its within your small commercial "real sector" firm industry knowledge/parameters,(nobody will argue with you there-you'd be the expect)-which would be something you actually know about.)...while your at it.

NEXT TIME YOU COME BACK HERE(to turn my observation into politics to push or advocate for your favorite broker),BE SURE TO MULTIPLY THAT 200 USD TRADING PROFIT YOU JUST MADE BY 10 MILLION USD(you will have earned the right to speak to me,because that's where i play at)-you will actually have earned the right to talk about the ins and outs of my industry then.

CHEERS#ADIOS

Its quite easy to find that information tbh = https://photoshar.in/hotforex-liquidity-providers

Ohh thank you sir/mam.

"people who actually know-and don't assume."

Thanks.

Edit:i have nothing against hotforex,i believe they are good broker to some traders preferably micro traders(like i said initially)...but they still don't cut it for me.Yes they seem legit now that you have revealed their liquidity.amongst others things...but i have been vip and standard/micro with them...and compared to my broker that i use part time,to teach my daughter amongst other pple(i trade through a bank now),their spreads are still too wide for me.unattractive-for me.

Yes, their top tier liquidity providers is Barclays. And it's well know information. This guy even didn't bother to google it or check Hotforex website. I wonder how on earth these people claim themselves to be professional traders

I have got email from hotforex claiming they got the license in DUBAI too, did anyone have any insights about this news.

Probably to provide their trading services to traders from Dubai? Or it means something, like additional layer of safety for citizens of other countries?

As long as the license is reputable then more is better. Maybe Dubai or UAE require hotforex acquire license for operating/advertising there.

Hi,
I'm thinking of opening a MICRO account with HF.
They offering a 100% Credit Bonus..did anyone take advantage of this offer? Is this a good idea?, just wondering...

One has to trade 100 standard lots, is this correct?
Would appreciate some input from someone experienced with HF regarding this matter.

Thanks
Lyn

Go and try. Btw they received FCA license recently, so if you don't mind leverage caps you can open account in their UK branch.

So HotForex are apparently rebranding as HF Markets by the end of January this year but won’t be making any corporate changes.

Confused.. what does it basically mean for us, traders? Could you clarify this matter?

From what I read they're changing their name and their logo only.

hi! dear hotforex support gift me please 30% deposit bonus my hf id= 549660

Posting in forum thread is a away but I think you should contact broker Customer Support for swift help.

better for him to think twice before applying for the bonus, because using it requires high skills in trading, especially money and risk management.

Well, Well, Well, here we go again, I never thought that I would write review about hotforex again after 4 years but things are getting worst with them.
ECN Broker-Complete Lie
B Booking- going on full time
Stop Hunting
Execution issue 7/10
Customer support -Pathetic
Arrogant behavior- this one is added recently

I had account with hotforex 4 years back and when I started to make money, I faced all above issues, after reviewing it on forexpeacearmy, they resolved some of the issue, but my relationship with hotforex ended with some of the continuous issue, changing instrument timing without informing clients etc.
I opened account again due to personal relation with their Manager Mr. Sohail Khan( who also resigned due to issues with hotforex) who promised me that there would be no issues and my account will directly be connected to market and there is no B Booking involved, if some of you don’t know what B booking is, its market making, they trade against you rather than sending your trades to markets.

Last weekend they stop hunted me on 2 of my positions with sudden spike and after that price went to normal. I have deposited more than 10k usd in last 2 months, but greed is curse and they just stop hunted me for 216 usd. I sent them email immediately and there was no reply from them when market was open and they most probably enjoying their beers. I would say that’s an arrogant behavior.
After multiple emails, they took more than 16 working hours to solve the issue. Their trading desk is pathetic and they opened and closed my positions multiple times, they can’t even understand simple math, how to add and subtract. But big question is that how an ECN broker can change positions when time has passed, only a market maker can do that. There was also a weekend between this and those 2-3 days was full of mental stress and tension for me but they don’t care, because they think that they have grown too big to provide good customer support to their clients and resolve their issues. They opened my positions again when market was against me, if they would have stored it earlier, I would have made good money, but why they should have done it, they don’t want you to succeed. In the end after multiple emails, they reimbursed me 216 usd after I sent email to their MD, Mr. Aristos. so I started to trade again.

Then one fine morning, I received email from their client audit team that they are closing my account under clause 35.2 , that clause just say that they can close account, nothing else, and I won’t able to open any new positions, that day I lost many opportunities to make money, we need to understand that leverage trading is big risk and reward, so they have deprived me opportunities to trade in the open market. Giving trading opportunities to the clients should be the first and foremost objective of the broker but they have denied me that opportunity. I tried to contact all known people in hotforex but there was no reply till today from them, why they were closing my account.

I have caught them red handed for stop hunting me, that’s the only reason I think, they have decided to close my account. They would have thought this client will keep an eye on us and will catch us again.
As I mentioned earlier that greed is curse, my trade volume is very high, even if they would have just relied on commission, it would be a lot for them but no, they want to rip you off each and every penny of you.
They did not reply to a single email till now, I contacted one of their managers by getting his number from somewhere and he told me that in past I caused damage to hotforex reputation and that’s why they are closing my account. Now here are two questions, why they have approved my account at first place when they knew that I am the same client, and if they didn’t know, how useless they are. I have deposited more than 10k usd and now when they have closed my account, they denied me the opportunity to recover my loss. Second, they only close my account, after I raise my voice for stop hunting me and ripping me of my money, giving me mental stress, tension, wasted my time.,

So guys, making and losing money is part of business but if you don’t want to have mental stress, tension, wastage of time and want to avoid pathetic customer service, avoid this broker, they are scam.
They will stop hunt you, there will be execution issues, because they are market maker, they will never want you to make money.
I have proof of each and everything which I stated above and if anyone is interested, they can contact me to see the proof, I can’t post snapshot here. I will show how they are stop hunting with spiking the price, how they are changing positons without informing clients.
My email is [email protected]
Yesterday I sent them an email and I gave them a fair chance to resolve the issues and was expecting call from their management but they opted to ignore.

Hotforex is a bucket shop, market maker, they will rip you each and every penny of you.

I will also send this review to them and ask them to defend it on forexfactory as I continue to give them a chance to step forward and communicate with me.

^
I think you should never come back to a broker that you got many issues as you told. They could be good now but you still have many choices, does it have any advantages that you don't find it any other broker?