HotForex Discussion

Do they still accept people who look hot, though?

If by hot you mean stupid, then yes they do. In fact, they seem to be the main target market for this bröker.

wow bro, hmm when you get back ur money let us know

Hey Marv,

I am Trading with hotforex from Last 9 months and I have no complaint against them so far. Sometime there were issue regarding dis-connectivity, But Its only SOMETIME. I made good profits there and I am Happy with them.

My hotforex issue (acc. # 54684) has been resolved.

I have received full account withdrawal at this April 17, 2012.

It took long one and half month for the resolution.

It wouldn't possible without your help and co-operation.

Thanks to all.

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Case post (please ignore)

Here is the myfxbook statement
http://www.myfxbook.com/members/oliveruk/hotforexscam/255865

Please check the following snapshot
http://dl.dropbox.com/u/3526907/review/hotforx_scam.png

I deposited $178 and made around $1157 profit in 2 weeks.
While paying out time hotforex simply denied to give me any profit.
They have corrected the balance (excluded the whole account profit) by showing a fake withdrawal.

Hotforex has threaten me that they will block my initial deposit as well.
I was using a 100% scalping robot.
While withdrawal time they denied to pay me out.

I have been trading with them for over a year now and don't believe the whole story I had few issues with them but were fixed within few days for example they closed my oil position few days ago but failed to let me know why but when contacted them and proved that they made a mistake they credited my account right away. As far as withdrawals goes I had some withdrawals in the thousands and never had a problem at all. The only issue i have now there platform is slow compared to others.

where can i get it and how much?
Hotforex (now) advertise saying scalping is ok with them.
I was thinking of opening a hotforex account this week, surprised they are slow. They offer 50% bonus on first deposit.
Who do you recommend instead?
There are a few sites that advertise "scalping welcome".
Thanks
VB

don't take the 50% deposit bonus lol. u only can withdraw it after certain requirement met, if u are a retail trader on leverage per entry, then use the 15% bonus instead, it can be lost.

Example if u deposit 100. u will receive 150 on your account
u enter 0.1 lot on 1:100 and ur account hit red pips left 52 on that account. HotForex will withdraw 50 deposit bonus before it get lost into the market. Then ur account left with 2 and u will curse and swear .'

I have micro account that i trade for fun on leverage, and that's what i experienced. Don't use the 50% bonus, looked attractive but it's no use only for higher leverage.

Thanks for the info, but the 15% loss is good for one time only right?
ie put in $5k get $750 allocated to "loss" - when you lose 15% - ie total of $750, then that is gone? right?

I follow what u say re lose bonus.
I was thinking to setup acc with 50% bonus, and when direction of gbp/usd is clear (ie when it is eventually going down to lever my funds "short"on it at x25 or x50 - watch with view to leave 1-2 months till it retreats to 1.56
Use the 50% leverage bonus to trade small, on intraday as and when i see oppurtunity.

what do you think?

if you are not confident, just trade small, bonus only works when you are earning money.

Be serious at hotforex, you can earn some money here, however you need to learn some basic trading skills first.

Thanks!

Re Hotforex; what is the situation re 15% loss bonus? anybody !
Also I liked Exness; but now when i type it in i get NZ site only, with cut down versions of the russian exness site. (whats going on)
VB

Not happy at all with HotForex today. They slipped my stop loss by about 33 pips, making me lose over a hundred dollars!

was it during the Australian rate cut announcement?

Yes it was.

I am going to try and be nice.

You can't be seriously be publicly complaining about slippage during an event such as an UNEXPECTED rate cut. How long have you been trading?

You could have been trading futures on CME and you would have been fucked. I know because I have done it with currency futures, bean oil and cotton.

Don't worry, if you accept responsibility (and not blame your broker) you can learn from the experience.

Good trading in the future.

I'm obviously aware about the rate cut and it was my intention to trade the news.

and your bitching about slippage???

I'm not "bitching."

Folks, it is one of the best brokers out there.... if you know how to use the bonus and leverage....

I traded a $100( not a printing mistake) to over $20,000+ in a matter of three weeks, in a high frequecy day trading...

Bad news is they sent out letter that they are not supporting US clients anymore.

Please if anyone know of a similar broker with a 500x lev, bonus prog and reasonable spread and allow US clients...

yes it is true effective June this is the response I got from hot forex
Dear David,


Thank you for contacting support.


According to our internal records, you have been identified as being a resident of the United States of America.

HotForex has always been committed to being transparent and supportive of our clients. We monitor situations and make strategic decisions that we hope act in favor of our clients and we always look to provide the best service we can given the environment and constraints that we have to work in. Unfortunately sometimes these decisions are taken out of our hands. It is for this reason that we are contacting you with an update about a strategic business decision we have made about the provision of our services to US clients.

Even though HotForex does not have any offices and/or operations in the U.S. and does not engage in the solicitation of clients it was communicated to us that the CFTC does not allow us to offer our services on a cross-border basis to U.S. clients. Therefore, it is with great regret to inform you that HotForex will no longer be offering its services to new or existing U.S. clients.

We recognise the importance of this decision to you and we apologise for any inconvenience this development may cause you, regrettably it is a decision that we have no choice but to roll out.

In light of the above. by the 5th of June, 2012 and no later than 12 midnight server time (5pm Eastern Time) all open positions and pending orders in your trading account with HotForex will need to be closed. Any positions left open will be closed at the prevailing market price at that time and all pending orders will be deleted.

Please note that the deadline may change if it is necessitated by our regulators, the Financial Services Commission in Mauritius.
Any accounts that have a zero balance and accounts with balances but no open trades as of this email being sent will be closed with immediate effect.
Once the accounts are closed, the funds will be cleared of any outstanding bonus and sent to the original source of funds - in line with our ant-money laundering policy.

Kind Regards,

Jenny L
Account Service Manager
Support Department