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HotForex Discussion

  • #1,101
  • Mar 26, 2020 10:59pm Mar 26, 2020 10:59pm
Quoting satish37
{quote} yes hotforex deduct bonus from running trade , my own experience with them
I assume they remove bonus when margin level on a trade falls below 100%. It's reasonable because paying for the client losses is not in their interests.
  • #1,102
  • Mar 27, 2020 12:55am Mar 27, 2020 12:55am
Quoting bottomhigh
{quote} I assume they remove bonus when margin level on a trade falls below 100%. It's reasonable because paying for the client losses is not in their interests.

In other brokers like Exness if you loose your money you can still trade with the bonus and make up or be profitable and withdraw
Neither a Bro Nor a Pro I am I
  • #1,103
  • Mar 27, 2020 5:22pm Mar 27, 2020 5:22pm
Quoting satish37
{quote} In other brokers like Exness if you loose your money you can still trade with the bonus and make up or be profitable and withdraw
That would not happen much to a pro trader. Would even a pro trader trade with them? Seems the money stay eventually in the house anywyas.
But a nice perk to lure with.
peace
making money in JimB2468 trading room
  • #1,104
  • Mar 28, 2020 12:39am Mar 28, 2020 12:39am
Quoting patient pip
{quote} That would not happen much to a pro trader. Would even a pro trader trade with them? Seems the money stay eventually in the house anywyas. But a nice perk to lure with. peace

Yes this could be , because I see 10 pips hunt normal spike .
Neither a Bro Nor a Pro I am I
  • #1,105
  • Mar 30, 2020 4:17am Mar 30, 2020 4:17am
Quoting satish37
{quote} yes hotforex deduct bonus from running trade , my own experience with them
Do you mean if our equity go back to 0, our bonus would be removed?
  • #1,106
  • Mar 30, 2020 11:54pm Mar 30, 2020 11:54pm
Quoting satish37
{quote} In other brokers like Exness if you loose your money you can still trade with the bonus and make up or be profitable and withdraw
Let's call it as it is. Bonus is another way to use leverage. You can't lose borrowed funds if you are not going to repay them. If your broker offers such trading then it's most likely market maker.
  • #1,107
  • Mar 31, 2020 12:25am Mar 31, 2020 12:25am
Quoting bottomhigh
{quote} Let's call it as it is. Bonus is another way to use leverage. You can't lose borrowed funds if you are not going to repay them. If your broker offers such trading then it's most likely market maker.

But as my personal experience with practical not theoretical, Exness is much better trading platform in withdrawal & other support they are number one in world.

But what I dont like here is it is most likely suitable in Forex only for currency market , you can not trade all instruments.
I am using it only for currencies since 2012. Never found any problem once a issue was raised on withdrawal to debit card but I recd money it was technology fault of my bank.
Neither a Bro Nor a Pro I am I
  • #1,108
  • Apr 2, 2020 12:00am Apr 2, 2020 12:00am
Quoting satish37
{quote} But as my personal experience with practical not theoretical, Exness is much better trading platform in withdrawal & other support they are number one in world. But what I dont like here is it is most likely suitable in Forex only for currency market , you can not trade all instruments. I am using it only for currencies since 2012. Never found any problem once a issue was raised on withdrawal to debit card but I recd money it was technology fault of my bank.
Hm interesting.. hotforex offers stocks and indices (although as CFDs too), cheaper and less hassle compared to US brokers which offer direct access. It's weird that Exness doesn't offer them.
  • #1,109
  • Apr 2, 2020 12:50pm Apr 2, 2020 12:50pm
Quoting bottomhigh
{quote} Let's call it as it is. Bonus is another way to use leverage. You can't lose borrowed funds if you are not going to repay them. If your broker offers such trading then it's most likely market maker.
Long story short.. Bonuses comes up with certain terms and conditions (not limited to this broker only every broker has their terms), so if anyone wishing to avail such bonuses should also go through the details appended as terms. On the other hand those who does not wish to avail bonuses have always the option of opening account without availing such bonuses.
  • #1,110
  • Apr 6, 2020 12:32am Apr 6, 2020 12:32am
Quoting jollypk
{quote} Long story short.. Bonuses comes up with certain terms and conditions (not limited to this broker only every broker has their terms), so if anyone wishing to avail such bonuses should also go through the details appended as terms. On the other hand those who does not wish to avail bonuses have always the option of opening account without availing such bonuses.
Bonuses create false impression of bigger account equity which may prompt a trader to take more risks. It's clearly not for new traders which don't understand the price of it.
  • #1,111
  • May 11, 2020 3:45am May 11, 2020 3:45am
Just received email about "10th Anniversary Promotion The ultimate performance reward", Is this like a contest?
  • #1,112
  • May 12, 2020 10:46pm May 12, 2020 10:46pm
Does anyone knows how to unarchive a trading account on HotForex?

I had to take a long break from HotForex and Forex Market generally, now I want in, but my account has been archived! And I don't wanna open a new trading account...
  • #1,113
  • May 12, 2020 10:49pm May 12, 2020 10:49pm
Quoting bottomhigh
{quote} Bonuses create false impression of bigger account equity which may prompt a trader to take more risks. It's clearly not for new traders which don't understand the price of it.

I've never like the idea of bonuses anyways, it's just a fake impression like you said, any broker will pull the plug when you're below 40% margin, which serve as most broker margin call level
  • #1,114
  • May 13, 2020 12:22am May 13, 2020 12:22am
Quoting demmie4me
Does anyone knows how to unarchive a trading account on HotForex? I had to take a long break from HotForex and Forex Market generally, now I want in, but my account has been archived! And I don't wanna open a new trading account...
Have you tried to get in touch with their support? Archived account means it's not terminated so I think you can bring it back to life at request
  • #1,115
  • May 19, 2020 1:28am May 19, 2020 1:28am
Quoting bottomhigh
{quote} Have you tried to get in touch with their support? Archived account means it's not terminated so I think you can bring it back to life at request

Thanks, I was able to speak with one of their customer service, he said an archived account can't be brought back to live, so I had to open a new one.
  • #1,116
  • May 20, 2020 12:15pm May 20, 2020 12:15pm
Quoting demmie4me
{quote} Thanks, I was able to speak with one of their customer service, he said an archived account can't be brought back to live, so I had to open a new one.

Oh I see, btw did you have any money there?
  • #1,117
  • May 22, 2020 9:44am May 22, 2020 9:44am
Only me getting this? I could never wait for the end
Attached Image (click to enlarge)
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  • #1,118
  • May 22, 2020 11:18am May 22, 2020 11:18am
Quoting bottomhigh
{quote} Oh I see, btw did you have any money there?

Yeah! But, it was transferred out my trading account into my personal account.
  • #1,119
  • May 25, 2020 1:03am May 25, 2020 1:03am
Quoting zuculator
Only me getting this? I could never wait for the end {image}
Could be one-time error, if you see it every time creating order, contact CS to fix.
  • #1,120
  • May 28, 2020 9:34am May 28, 2020 9:34am
Quoting zuculator
Only me getting this? I could never wait for the end {image}
Strange, which instrument has this problem? maybe some corrupted mt4 build?
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