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HotForex Discussion

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.
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
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
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
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?
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.
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
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.
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.
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.
Just received email about "10th Anniversary Promotion The ultimate performance reward", Is this like a contest?
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...
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
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
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.
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?
Only me getting this? I could never wait for the end
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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.
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.
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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