Hotforex STP/ECN claims

Hotforex is a big scam broker. It claims to be STP/ECN that is seen in all its advertisement on different websites, but hotforex is actually a pure market maker.

Look at scammer hotforex website, no liquidity providers names published, when was a client asked 2 account managers in different periods, who are hotforex liquidity providers?, they both answered that they can't share that because it is a secret they get special prices!!haha

We all know that scammer hotforex prices are nothing special, average spreads and high commission of $10 per round turn lot when other brokers have $4-5-7 commission.

All ECN/STP brokers who respect themselves and are well regulated dedicate a page on their website to show their liquidity providers names, others stamp on their main page logos of their liquidity providers(Lp's).

By this, these brokers are making it official, so any client, regulator or LP(name involved) can charge the broker if its claims turn false but when scam broker hotforex publish nothing on its site that turns it very suspicious because it shows no honesty no transparency and surely it;s not an advertising mistake by hotforex but an intention of not publishing liquidity providers names because hotforex is a market maker there are no liquidity providers, so it publishes nothing to not be tracked legally by anybody.

At end, if the regulators that are already into question marks!?!! FSC Mauritius and CySec ask hotforex how they claim to be STP without publishing LP names or come here give us your LP names, hotforex can easily reply they are not STP but market maker and the proof is that hotforex does not publish any LP name.

Stay away of the SCAMMER HOTFOREX.

This is how Real ECN/STP brokers post their liquidity providers names and logos on their website, making it official so anyone can charge them if it turns to be fake.

http://www.axitrader.com/- roll down to the bottom of page to see the liquidity providers names.

https://pepperstone.com/- At middle of page left side, it says "our liquidity providers"= Official announcement- anyone can charge if false claim.

http://www.icmarkets.com/- Bottom of page it shows the LP's.

Even ironfx show its LP's: http://www.ironfx.com/en/about/advantages/liquidity

While the scammer hotforex: https://www.hotforex.com/en/index.html - No liquidity providers!!

Not just that, scammer hotforex don't tell its clients the names when asked for. Simply because hotforex is a pure market maker.

Hey, why don't you check with their support and find out who their LPs are? I have checked and the support replied "We obtain our liquidity via our Prime Broker who obtains liquidity from Barclays, BNP Paribas, Bank of America, CIBC and Citi.".

hotforex are not just scam cheating clients and possible ones into believing its STP, hotforex is a big liar too.

Telling you on live chat telling you face to face= 0 legal value

If you read my post well, I was a client and still my account there with zero money, have a case filed against scammer hotforex at CySec and FSC Mauritius, bigger case how hotforex scammed me 10s of thousands of dollars after breaching its policy clauses and contract signed.
Asked 2 account managers about the LP names, they replied recklessly, guess why? and not like what they tell some people on live chat? Because phone calls can be recorded, voice is clear, hotforex can't reject what they said while live chat can be manipulated or simply say employee typed wrongly under work pressure.

Understand that without scammer hotforex post liquidity providers names on their website, all scammer hotforex words are cheat, have no legal value.

hotforex is a market maker.

Many ppl lose the trade then say company got problem. I got hotforex account,every month i withdraw about 500usd out, never got problem. I only deposit 100 to mirco acc. Now i account got money is i win. But i never hv withdrawal problem at hotforex, i every month sure withdrawal some money out. Ty u

Let me drop a couple of lines too

Basically I assess broker performance by slippage and with my news trading it is the matter of primary concern. HF seems to have quite strong liquidity as my positions are quite big there (over 2 lots in average) and SL triggers quite close to the point. Although there is a pip distance between market price and SL I manage to fit my strategy into their platform.
Can’t say anything about their LP, but satisfied with their service.
But anyway, interesting point has been raised. Will try to contact and clarify about that too. Let’s see what they will say.

Yup, agree. The OP has some issues with his account regarding his margin call and bonus, and making some ranting in several forums (such as forexpeacearmy). When FPA asked for documents to support his claims, he refused to show any.

So far, no problem with HF.

This is not a review page to give or not satisfaction. Clearly, the scammer hotforex sends spammers to post positive reviews after every negative review talking about hotforex scam.

Answer according to the topic. When can't do not post off topic.

Hahaha, ranting what? I am stating the TRUTH, while others sent by the scammer hotforex are just spammers paid to post after every negative review. Hotforex Scam had been revealed, no cheating on more clients.

Before throwing words of no evidence as the ads money company forexpeacearmy had been advertising after defending the scammer hotforex while claiming to be the judge in court, at least go read the dozens of evidences I posted in the forum.

To make this clear for others who don't know about my case against scammer hotforex, after showing on forexpeacearmy ads website how hotforex breached the contract signed with it in its bonus policy, margin policy, gapping policy and even liquidity providers STP fake claims when hotforex is in fact a market maker.

The scum forexpeacearmy made excuses for scammer hotforex in every policy, it didn't even invite hotforex to defend itself but kept defending the scammer asking for more proofs. So forexpeacearmy is the judge and defendant against the victim(me)

The last proofs asked by forexpeacearmy ads company was posting a detailed statement of my account!!! despite I proved in this:

Bonus Awarded Statement
A/C No: 269022Date: 2015-03-15 00:00:00

Balance:0 USD
Equity:0 USD

Bonus Type:100% Credit Bonus
Total Bonus Awarded:136602.05 USD
Bonus Removal:-136602.05 USD
Current (Active) Bonus:0 USD

Balance Net of Bonus:0 USD
Equity Net of Bonus:0 USD
Floating P/L:0 USD

Best regards,
Accounts Department

How hotforex breached the contract giving more than 4 times the maximum bonus allowed in its bonus policy that is $30000
The scum forexpeacearmy wanted the detailed statement to see if there were other bonus programs attached to account when the email from hotforex above clearly show that the account bonus type is "100% Credit Bonus", and even a newbie knows that it is impossible for same account to get many bonuses, that proves how much forexpeacearmy defends scam brokers because they advertise on the scum forexpeacearmy website. Other brokers who don;t advertise like ironfx and instaforex, get traders court cases opened against on forexpeacearmy despite many of it do not have the least legal contents to qualify to court!!

And also provided daily statement from hotforex email of my account status before and after hotforex scammed me tens of thousands of dollars.

The sum forexpeacearmy even reached to ask me to prove that other brokers have or not liquidity providers when I raised this subject of hotforex is a market maker no liquidity providers.

Hey forexpeacrarmy ads company, my case is against scammer hotforex not the whole world brokers, so I provide evidence of hotforex market maker service, not obliged to do the same for all world brokers, can you understand the difference scum forexpeacearmy unqualified judges!!!???

So, as if forexpeacearmy said "OK hotforex have no liquidity providers, that's okay, must prove that other brokers have or not liquidity providers to be able to charge hotforex in forexpeacearmy!!!!!

Great!!! So, every criminal from now on will tell the court judge, he's a criminal okay but look there are other criminals too, bring evidences against them too!!! What's that nonsense by the ads money company forexpeacearmy, no less scammers than hotforex!!

It shows clearly forexpeacearmy no credibility after also changing my topic subject to "conspiracy theory" despite all my proofs against the scammer hotforex, while other no proof scam cases get escalated directly to forexpeacearmy fancy traders court open cases for voting!!!! only because the brokers accused do not advertise on forexpeaceamy ads site!!

The whole world know about forexpeacearmy scam and how its owner was charged in court........etc

Thanks for spammers like you who prove my words RIGHT, that scammer hotforex send paid people to post positive reviews like your post above clearly show, after legit clients post negative reviews and PROOFS of hotforex SCAM.

What a great trader the spammer!! turning $100 micro account to $500 every month and withdrawing same profits amount of 500, hahaha. So, 400% profit every month!!!, WOW amazing!! Many will want to contact you to make business, tell us your contact details!!! hahaha

Scammer hotforex also FAIL in finding good spammers to cover its fake advertisements and cheat services.

Ofcourse that's possible, that's not the point. It's about scammer hotforex sending its spammers to review pages and forums to increase its positive reviews especially after a legit client like me post FACTS about hotforex scam.

We all know how spammers post and that spammer " zex00000" post was shinning SPAM, by the way 2 posts member and what a username!!!!

I am a customer with Hotforex. Just recently changed to their RAW account, that is supposed to be ECN.

I had a short EURNOK position, that I entered yesterday evening.

I set my SL. During the night it was low trading volume on the pair. Price with the spread should have hit and activated my SL. Beeing ECN, they were unable to fill the SL at that price. Price went down again, and didn`t go so high again untill this morning.

The market being more liquid at these hours the spread is lower and this time the SL wasn`t threatened. If they wanted to cheat me, they could easily have done it. Instead I made a decent profit on the trade this morning.

My experience with Hotforex is actually very good. I am reluctant to open a big account with them, this is mainly because of the regulation. As an former Alpari.uk customer, the importance of regulation has been felt.

Other than that I am a happy customer with them.

Don't you feel ashamed of yourself being the scammer hotforex doll and spammer!!?

Any neutral reading your post will discover that it comes from one of the scammer hotforex employees or spammers!!!

What regulation are you talking about? FSA Mauritius or CySec!!!!! Or did FCA, NFA or CFTC go blind to regulate a bucketshop hotforex without anybody knowing!!!?

What "raw" account are you talking about??? There's nothing named like that at hotforex!!! The account type scammer hotforex claim it to be STP(not ECN) is named Currenex account.

So, what hotforex client are you?? Of an account type that does not exist!!! scammer hotforex proved once again hotforex not just a scammer cheater deceiving clients but also a STUPID.

Like the other hotforex spammers on the scum forexpeacearmy ads site, all your words of liquidity are empty of any legal meaning or value!!

I challenged hotforex and still on my challenge and WORD, scammer hotforex must post liquidity providers names on its website to prove that it's not a pure market maker!!!!

The spammer post 13 clearly show scammer hotforex sending spammers to leave positive reviews on forexfactory forum of subject accusing hotforex, this thread is not about reviews stupid hotforex!!

Hey Scammer hotforex,

Don't waste time sending spammers to review sites and forums I post my legit review about your SCAM.

When you know how to talk and argue me in LAW, come yourself by some doll representative speaking in your name and bring with you any single evidence that you have liquidity providers or are ECN/STP!!

I am making you a favor of not asking you for official letters from liquidity providers, but simply post liquidity providers names you scammer hotforex claim that you deal with on your website to make it official, and to prove the fake transparency and honesty you claim to be!!!

After you do so, I take over from there by charging you of fake claims depending on official announcement of liquidity providers names on your own website but since you hotforex are a SCAMMER, your lawyers had advice you from the start of your cheat business to never post any liquidity providers names, so nobody can charge you for ECN/STP Fake Claims.

Obvious to the whole world that Scammer Hotforex have a dealing desk and virtual plugin software to create manage and play with clients orders, no single liquidity provider.

STOP SCAMMING CLIENTS HOTFOREX

Scammer hotforex send spammers to legit clients reviews and opinions on forums because hotforex FAILED to reply to all LEGAL POINTS I showed the whole world traders and investors about.

I am telling the whole world that hotforex is a thief, if they are not, let it come defend itself, invited it many times, but since the thief hotforex who stole tens of thousands of dollars from me can't reply to my legal proofs, THEIF HOTFOREX ran away with my money, using my money to pay for more fake advertisement about its fake ecn/stp service when HOTFOREX IS A MARKET MAKER.

Again, I am telling hotforex in front of the whole world, hotforex you are a thief, if you are not then come now charge me and defend yourself.

The whole world traders and investors can see how I Ed-Forex following legal procedures even in giving the thief opponent the opportunity to defend itself but can't do more when hotforex runs away from justice.

JUSTICE WAITING FOR YOU HOTFOREX, SOONER OR LATER HOTFOREX MUST BE PUNISHED BECAUSE HOTFOREX IS A SCAM

Yes, they didnt stated liquidity providers' name on their website.
But they did stated there "bank" as their liquidity provider.
I know that experience traders may wanted to know more & more regards the broker they are using is it safe enough.
So far they did put on necessary info such as their financial license regulator.
I dont care if they are market maker or not. What i think most important is WITHDRAWAL.
As long as withdrawal doesnt have any issue. I feel safe trading with the broker.
What u mentioned about the bonuses may be a trap for u. I admit that i had fallen into that before.
100%bonus + micro acc leverage adjustment may trapped alot traders losing their money.
It teach me read thru T&C is very important.

From the legal point of view, scammer hotforex can't claim in advertisements on many websites using my scammed money that they offer ECN/STP service when in FACT hotforex offer market maker service because that is named false cheat advertisement towards investors, so when people decide to open an account they do so according to the service offered by company and sign the contract accordingly, after that if the service turns out to be fake that concludes cheat and deceive by hotforex.

Not officially announcing on hotforex website its liquidity providers names = MARKET MAKER = NO LEGAL POINT TO CHARGE THEM ON

When scammer hotforex don't post any liquidity providers names, how would I be able to charge them ?

hotforex can tell investigators if they reach to end wall and under pressure that hotforex is a market maker that's why they don't post liquidity providers names.

While when liquidity providers names are posted on its website that becomes official, I can then contact the LP's and hunt hotforex false claims, so hotforex can be sued legally.

By the way, from where u saw the advertisement / claim that hotforex provide ECN accounts?
So far i didnt see any ECN accounts offering in hotforex official website. And i go thru all marketing tools(IB) provided by hotforex, i didnt saw any regarding ECN claims.
In this point of view, hotforex didnt make false claim. If u saw it at others website, hotforex can reply that it maybe fraud of their affiliate, they will investigate.

As what i understood, most of the retails broker are market maker. Even brokers with liquidity provider, they can have acc which is hedge against clients trades.
In forex industry, retails broker have lots of tactic to take $ from our pocket. So far hotforex is one of the gentleman. At least they didnt play dirty.
Is not easy to find a good broker nowadays. If u found one which suits u, appreciate it. Maybe hotforex doesnt suit u.
Anyway, all the best to u. Wish u have a smooth journey in your forex.

1-2 post member joined scammer hotforex paid spammers list.

The hotforex scandal in using FF accounts that never posted other than defending it now on my thread. Obviously hotforex is a big scammer even on forums and advertisements too, prepared spammers and created fake accounts from long ago till now to cover hotforex shameful scam actions!!!

If not ECN/STP by advertisements, what about STP?? scammer hotforex live chat confessed about it too.

So hey do you know STP claims need liquidity providers names too!!!

Anyway, my pleasure to expose more about hotforex SCANDAL in advertising at many IB websites that it's an ECN/STP broker!!!

If all those IB websites are advertising wrongly then hotforex must go sue them and stop using my money hotforex scammed to pay them.

The whole world look at scammer hotforex SCANDAL announcing its ECN and STP broker everywhere(There are dozens other review pages too but 5 sites are more than enough EVIDENCE of hotforex SCAM):

http://www.rebatearmy.com/comparebrokers

http://fxrebateclub.com/brokers/hotforex

https://www.cashbackforex.com/en-US/brokers.aspx

http://www.fxrebatecentral.com/index...kers/hot-forex

http://www.findyourfx.com/comparing....%89%BE&oth=stp


Moreover, if hotforex doesn't announce officially on its website that its ECN/STP and do not post liquidity providers names then what must the whole world traders and investors conclude other than hotforex is a MARKET MAKER.

So, the main problem is from the LEGAL point of view, when hotforex post nothing about LP's implies hotforex is a market maker then no legal path to start to sue it, neither me nor liquidity providers.

And, as usual I ED reply in LAW while scammer hotforex and its spammers reply in nonsense like "most of the retails broker are market maker. Even brokers with liquidity provider" so hotforex confessing through its spammer, OKAY hotforex is a market maker but most other brokers are also market makers hahaha, same opinion repeated by hotforex spoon through the scum forexpeacearmy ads money company that asked me to prove other brokers are ECN/STP when opened the case of scammer hotforex is a MARKET MAKER so hotforex is scammer but there are other scammers too why not ED prove that about ALL brokers then can sue hotforex!! hahaha

It's obvious to the whole world readers that hotforex using the money scammed from me to run an orchestra of spammers and put money into mouths of dirty websites as scum forexpeacearmy to try to cover hotforex scam actions of stealing clients money.

hotforex use dirty tricks to cheat deceive traders. Will continue exposing hotforex cheats as long as scammer hotforex using my money for its fake advertisements and I will protect traders from hotforex SCAM

I ED reply in LAW while scammer hotforex and its spammers reply in nonsense like "most of the retails broker are market maker. Even brokers with liquidity provider"

I assume that your above statement are pointing at me. Here i go for clarification.
1st of all, i am not a spammer who get paid by hotforex. I registered FF since the 1st time i touch forex whenby my friend recommend this site to me as forex news&events, reports&info website. I use this site for above mentioned purpose but not forum. I get into your post just because when i was looking into FF info, your post appears beside the homepage as i saw the word hotforex which is the broker that i using currently since 2012. I had research and survey a lot of brokers before i get into hotforex. So far im very satisfy with it but i cant ensure that it wont go naughty in the future. Therefore, keep myself updated to hotforex is important. When i read thru your post, i saw naive. Thats why i voice out.

I saw those website given which advertising on hotforex. But as i said in earlier post, those are all created by the affiliates their own. They are not advertising ON BEHALF of hotforex, they are just promote it on their own. Yes, u are right that hotforex can sue them for misleading or so so, but.....lazy to write alot here so once again i wanted to put out the word "too naive".
I remember that i have comment/post something regarding hedging strategy before at FF here. Im not as what u said, never post on others thread or fake account created long time ago. Out topic confess, i cant get a satisfy answer here regarding hedging during that time. And now i am looking for a broker which offer/allow Mark Up on commissions/spreads for power of attorney.(Anyone have good recommendation can PM me) Maybe this sounds illegal to you, but pls understand that we are doing it in legal way and we are gentlemen never play dirty. I doubt that Ed-Forex are u really good in forex or a lack experience trader. Although your info are very good but the way u think doesnt show u are a smart trader.

Well, i think i should stop here. Since i just pass by and your given info is enough for me to judge hotforex is it getting naughty.
Go ahead with your complaints/statements on hotforex. It is good that u raise up awareness for people to understand and know how to judge a broker.
Pls be clear that u are against hotforex but not me. Pls dont put wrong statement on me. If u do so, u are no different with those affiliate website who created their own advertisement.