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Bonus issues with my broker

  • #1
  • First Post: Mar 23, 2015 10:47am Mar 23, 2015 10:47am
The scammer hotforex breached the contract in bonus policy, injecting 136602.05 USD to a retail client(me) account who has the highest protection from regulatory bodies, hotforex breaking the maximum limit amount of $30000 allowed per account in hotforex policy.
SCAMMER HOTFOREX even injected more than the allowed amount $100000 per all accounts in one account!

hotforex bonus policy:

11. The maximum amount that can be awarded in this bonus promotion is 30,000 USD (or any other currency equivalent) per trading account. If a Client has multiple trading accounts, then the sum of the bonus awarded for ALL of the Client's trading accounts cannot exceed 100,000 USD (or any other currency equivalent).

My account proof of hotforex SCAM:


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


The whole world knows about how hotforex encourage clients into trading in high risky markets, breaching its policy legal clauses, instead of warning retail clients about market risks.

Scammer hotforex breached the contract then it must pay for losses resulted in account.
  • #2
  • Mar 23, 2015 4:41pm Mar 23, 2015 4:41pm
Quoting Ed-Forex
Scammer hotforex breached the contract then it must pay for losses resulted in account.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #3
  • Mar 23, 2015 4:49pm Mar 23, 2015 4:49pm
Ofcourse, when most of you never entered a court or got into your countries "Penal Law", you must laugh at yourselves for your ignorance.

When you don't know that if a company violates its policy then it must pay for damages/losses resulted, then you must laugh at your ignorance.
  • #4
  • Mar 23, 2015 4:55pm Mar 23, 2015 4:55pm
Seems that the ignorant didn't understand what this means:

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

Wake up! The account now has no money in it, that's why bonus removal shows -136602.05 USD, and that's after hotforex scammed 10s of thousands from my account by breaching its margin policy.

Seems FF admin didn't understand the thread subject, that's why changing it!!!

The main point in this thread is showing with PROOF that scammer hotforex gave a retail client 136602.05 USD that's 4 times the allowed bonus $30000 in hotforex bonus policy.

Read again ignorant:

The maximum amount that can be awarded in this bonus promotion is 30,000 USD (or any other currency equivalent) per trading account. If a Client has multiple trading accounts, then the sum of the bonus awarded for ALL of the Client's trading accounts cannot exceed 100,000 USD (or any other currency equivalent).
  • #5
  • Mar 23, 2015 5:02pm Mar 23, 2015 5:02pm
Moreover, Scammer hotforex used retail client profits to inject total of 136602.05 USD in different periods. Knowing that the only deposit which was the initial was $16000. So, after hotforex added $16000 bonus for the deposit(100% credit bonus policy) there must not be any injection of bonuses from profits by scammer hotforex, all was done by scammer hotforex to tie retail client from withdrawing money, and when done same amount of bonus will be withdrawn.
  • #6
  • Mar 23, 2015 5:12pm Mar 23, 2015 5:12pm
HOTFOREX SCANDAL:

This is what scammer hotforex write on bottom of its website:

Risk Warning: Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure you fully understand the risks involved before trading, and if necessary seek independent advice

Scammer hotforex cheats by having the above sentence on its websites while in FACT Scammer hotforex encouraging retail clients to trade on high risky market by injecting 4 times the bonus amount $30000 allowed per account in hotforex bonus policy.

Allowed amount is $30000, hotforex gave 136602.05 USD.

I want to ask any common sense person, isn't that a breach of contract in bonus policy???

When company breach contract, what must the punishment be?

PAY MONEY
  • #7
  • Mar 23, 2015 8:13pm Mar 23, 2015 8:13pm
Quoting Ed-Forex
I want to ask any common sense person, isn't that a breach of contract in bonus policy??? When company breach contract, what must the punishment be? PAY MONEY
1. When you trade with HF, taking the bonus to afford you more leverage, is an option.
2. They didn't take trades and lose your account...you did.

Suck it up, Champ.

You've learned the same lesson as 2000 people each day, do.

Don't trade with money you don't want to, nor can't afford to, lose!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #8
  • Edited 11:51pm Mar 23, 2015 11:39pm | Edited 11:51pm
Obviously you never signed a legal contract to understand what am talking about.

You were and still busy writing thousands of posts on ff instead of trading and earning $$$$$$$

An idiot can't understand that when contract says: Max. bonus allowed = $30000, and broker or any company offers more than that, it means breached the contract, hard to get it dumb!?

Still from the legal view, knowing that the retail client(me) didn't ask for any bonus over the $30000, show me any legal paper if ever exists!!!, so scammer hotforex breached the contract from its side, it must pay for that.

What trades you took what bonus to afford more leverage talking about?!!!

You guys don't understand legal points, GO READ PENAL LAW, or send your lawyer who's a pussy afraid to stand in front of the judge, to reply to me.

Replies that have no legal value are EMPTY, judges will laugh at idiots like you in court.
  • #9
  • Mar 23, 2015 11:46pm Mar 23, 2015 11:46pm
To forexfactory and its admin:

STOP CHANGING THIS THREAD SUBJECT, YOUR ACTION SHOUTS LACK OF CREDIBILITY BY FOREXFACTORY!

My thread subject name is "hotforex breach contract"

This is hotforex bonus policy:

The maximum amount that can be awarded in this bonus promotion is 30,000 USD (or any other currency equivalent) per trading account. If a Client has multiple trading accounts, then the sum of the bonus awarded for ALL of the Client's trading accounts cannot exceed 100,000 USD (or any other currency equivalent).


When scammer hotforex gave 4 times the allowed amount of $30000 to a retail client, didn't scammer hotforex breach the contract?

Why forexfactory admin changing the topic? I didn't name it like that with no PROOF.

Difficult to read the bonus policy above and PROOF of total bonus awarded by hotforex:

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


To conclude that scammer hotforex breached the contract??
  • #10
  • Mar 25, 2015 2:26am Mar 25, 2015 2:26am
Hardly anyone realises how exactly the bonus works which so many brokers offer.

There is a reason they offer this bonus!

If anything I would prefer to see it if a broker did not offer a bonus!
  • #11
  • Mar 25, 2015 3:30am Mar 25, 2015 3:30am
Rule Nr.1 = Never Accept a bonus offer!
MY SITTING, NEVER MY THINKING!
  • #12
  • Mar 25, 2015 4:25am Mar 25, 2015 4:25am
Not Necessary. Not all brokers who offer bonuses are bucketshops like scammer hotforex and regulated by bucketshops too!!!!

There are many respectful brokers who offer bonuses and strictly apply their policies, not breach the contract!
  • #13
  • Mar 25, 2015 6:22am Mar 25, 2015 6:22am
Quoting Ed-Forex
To forexfactory and its admin: STOP CHANGING THIS THREAD SUBJECT, YOUR ACTION SHOUTS LACK OF CREDIBILITY BY FOREXFACTORY! My thread subject name is "hotforex breach contract" This is hotforex bonus policy: The maximum amount that can be awarded in this bonus promotion is 30,000 USD (or any other currency equivalent) per trading account. If a Client has multiple trading accounts, then the sum of the bonus awarded for ALL of the Client's trading accounts cannot exceed 100,000 USD (or any other currency equivalent). When scammer hotforex gave 4 times...
This is not proof, you have written something and simply formatted it, it hardly constitutes proof. A screenshot of your account illustrating the above would be proof. It's not like I could easily write that they gave me a billion in a bonus, oh wait!!

Bonus Type:100% Credit Bonus
Total Bonus Awarded:1,000,000,000 USD
Bonus Removal:-1,000,000,000 USD
Current (Active) Bonus:0 USD
  • #14
  • Mar 25, 2015 7:06am Mar 25, 2015 7:06am
Quoting Ed-Forex
You guys don't understand legal points, GO READ PENAL LAW, or send your lawyer who's a pussy afraid to stand in front of the judge, to reply to me. Replies that have no legal value are EMPTY, judges will laugh at idiots like you in court.
Even if they breached their own terms, in order for you to get money from HF, you need to show either:

1. An agreement that states monetary penalty clauses for contract breaches

OR

2. You prove financial damages caused to you as a result of the contract breach.

It is contractual law and NOT penal law that matters in a court.
  • #15
  • Mar 25, 2015 7:24am Mar 25, 2015 7:24am
Quoting conorodr
{quote} This is not proof, you have written something and simply formatted it, it hardly constitutes proof. A screenshot of your account illustrating the above would be proof. It's not like I could easily write that they gave me a billion in a bonus, oh wait!! Bonus Type:100% Credit Bonus Total Bonus Awarded:1,000,000,000 USD Bonus Removal:-1,000,000,000 USD Current (Active) Bonus:0 USD
Will this solve your doubts!!!!:

Bonus Awarded Statement‏
https://dub131.mail.live.com/ol/clear.gifhttps://dub131.mail.live.com/ol/clear.gifhttps://dub131.mail.live.com/ol/clear.gifhttps://dub131.mail.live.com/ol/clear.gif
Bonus Awarded Statement
Actions....... https://dub131.mail.live.com/ol/clear.gif[email protected]

Add...... to..... contacts

3/22/2015

https://dub131.mail.live.com/ol/clear.gif

To: [email protected]
https://a.gfx.ms/ic/bluemanmxl.png
From: [email protected]
Sent:Sunday, March 22, 2015 10:28:06 AM
To:[email protected]
HF Markets Ltd
Bonus Awarded Statement
A/C No: 269022Date: 2015-03-22 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

----------------------

For your info, this is an email from hotforex.com, and I have many of it with different dates, this is the latest one, as the daily confirmation email you get from your broker, this is another email about bonus awarded.

Above all, if this is not True, tell the Thief hotforex come here and say that. Have no need to show my whole account statement to prove what hotforex had already simplified in one email with the crystal subject of bonus awarded statement, if you don't understand what the title means, it's your big mental problem!!
  • #16
  • Mar 25, 2015 7:55am Mar 25, 2015 7:55am
Quoting Silver777
{quote} Even if they breached their own terms, in order for you to get money from HF, you need to show either: 1. An agreement that states monetary penalty clauses for contract breaches OR 2. You prove financial damages caused to you as a result of the contract breach. It is contractual law and NOT penal law that matters in a court.
Scammer hotforex could had paid my money like pussycats from long ago if the regulator was NFA, CFTC, SEC or FCA but ofcourse such regulators would not give license for the bucketshop hotforex, hotforex get license from the likes of FSA Mauritius!!! and CySec!!!

1- Tell me what broker(or very few) mention penalty on the broker if breaches the contract?!! If any trader or investor want to sign or not contract depending on legal terms then non will open any account with any broker because all brokers have agreements that give full(or nearly full) authority for broker to do whatever it wants with clients account, like modify change create...etc

But it is crystal clear that I signed that contract that consists of many terms and policies including the bonus policy that includes in point 11 that the maximum amount awarded per account is $30000, so when broker injects more into account then its the broker fault and must pay for losses after breaching the contract.
Also, by injecting 4 times the allowed amount scammer hotforex encouraged retail client to trade in over leverage high risky market, this is not a joke, everything is related to each other, bonus and trading.

2- The law name depends on country, can be merged...etc There was surely financial damages(then why I am complaining?!)-attached to the last sentence in point 1
  • #17
  • Mar 25, 2015 12:44pm Mar 25, 2015 12:44pm
Quoting Ed-Forex
{quote} Scammer hotforex could had paid my money like pussycats from long ago if the regulator was NFA, CFTC, SEC or FCA but ofcourse such regulators would not give license for the bucketshop hotforex, hotforex get license from the likes of FSA Mauritius!!! and CySec!!! 1- Tell me what broker(or very few) mention penalty on the broker if breaches the contract?!! If any trader or investor want to sign or not contract depending on legal terms then non will open any account with any broker because all brokers have agreements that give full(or nearly...
Hmm interesting.... if you can prove financial damage created by the contract breach, you can and should sue them in court. Have any lawyers commented on your situation?
  • #18
  • Mar 26, 2015 9:29am Mar 26, 2015 9:29am
SURE. The problem is the court and regulator involved!!! When a regulator as FSA Mauritius don't bother to reply to an official complaint filed against scammer hotforex, what will you expect more?? A Mauritius court judging in a client favor against a local broker even if it's a scam broker hotforex.

Other only option would be international court complain that would mean much money and time, not sure if Mauritius signed on legal agreement of corporation with international courts!!! If not then even that will not help, the FSA Mauritius regulator can protect the scammer hotforex by not replying or using tricks like they investigated the case and there's nothing wrong!!! just as scam brokers do, its "pay to get license" regulators are their same scam type!!!
  • #19
  • Mar 30, 2015 1:55am Mar 30, 2015 1:55am
ForexFactory admin changing my thread topic(hotforex breach of contract) will never change the FACT that hotforex scammed me tens of thousands of dollars after breaching the contract signed.

This ForexFactory admin action shows LACK OF CREDIBILITY BY FOREXFACTORY.

And, raise doubts what's behind that?!! especially after I posted EVIDENCE of scammer hotforex breach of contract in bonus policy.

If ForexFactory is not a site for clients who tell the TRUTH then announce it clearly that brokers ads or !!whatever!! money more important than clients money, so all clients don't anymore post their problems with brokers on forexfactory!!
  • #20
  • Apr 2, 2015 3:22am Apr 2, 2015 3:22am
The SCAM HOTFOREX running fake advertisements after hotforex breached the contract of trading account and HOTFOREX STOLE tens of thousands dollars from me.

If FSA Mauritius and CySec have the least honor and credibility, it must stop scammer hotforex from business and remove license NOW.
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