HotForex Discussion

Quoting Mitbrad

Disliked

Changed my account type to Currenex. I have a feeling these are not really spreads nor liquidity from Currenex as you cannot execute micros on the Currenex.

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Quoting leebsurag

Disliked

{quote} What's the average spread on majors you get on their Currenex account? I don't have experience with it but it looks like their Zero spread account (though there is 10$ commission instead of 8$). Zero spread fits scalpers too, I have a long scalping history on it

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Quoting leebsurag

Disliked

Well, as 95% of traders lose being a person who gives broker recommendation seems not quite tempting for me Instead I can describe my personal experience with them: very fast platform, lowest spreads around, run two EA's (one Grid EA from FF) and both showed surprisingly low aggregate transaction costs. Though I can't claim this broker is best and fits the bill for every trading strategy. Do your own due diligence

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Quoting rockthepips

Disliked

{quote} Thats why everytime I give my opinion about a broker I post at least one screenshot of my withdrawals http://www.photoshar.in/hotforex-multiple-withdrawals

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Quoting rockthepips

Disliked

{quote} Thats why everytime I give my opinion about a broker I post at least one screenshot of my withdrawals http://www.photoshar.in/hotforex-multiple-withdrawals

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Quoting hoangforex

Disliked

{quote} Really good job, not too much but once withdrawal a month is quite enough for forex. What's your main trading strategy?

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Quoting MoneyMaker94

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Can I trade Gold futures with HotForex?

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Quote

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General Info
Chat start time Mar 9, 2016 12:31:03 AM EST
Chat end time Mar 9, 2016 12:57:13 AM EST
Duration (actual chatting time) 00:26:10
Operator PAMM Support

Chat Transcript
info: Welcome to HotForex Live Chat. Thank you for your patience. An operator will be with you shortly.
info: You are now chatting with 'PAMM Support'
PAMM Support: Hello
Me: Hello
PAMM Support: How may I assist you?
Me: https://v2pamm.hotforex.com/hf/en/ma...agerID=1071431
Me: every stat is wrong why?
PAMM Support: The Performance Page statistics are derived from the closed trades on the Manager Account.
PAMM Support: The statistics are not wrong, they are based on the closed trades. However, you are required to evaluate both the closed and the open positions status of the Manager Account.
PAMM Support: Anything else I may assist you with, ?
Me: pls wait
PAMM Support: Sure
Me: I looked at his trades
Me: 2015/12/29 03:53:36 2016/01/04 15:56:51 XAUUSD Buy 0.01 0 0 1072 1078.64 66.4 6.47 156.0h 3m 18.4857%
Me: this is his first trade
Me: 6.47$ was the profit.
Me: 18.4857%
Me: is showing as change in that row
Me: this is wrong, dnt u think so?
Me: when the account balance was 1000 or 2000$ how come a 6.47$ profit trade be showed as 18.4857% profit change
Me: and one more thing,
Me: Balance $1341.12
PAMM Support: With regards to your first query about the Profit Change, I can confirm the 18.48% is correct.
Me: how is that correct?
Me: can u explain?
PAMM Support: Further, since the statistics are derived from the closed trades, the drawdown is again based on the closed trades.
PAMM Support: I cannot give you the values from the Manager Account, but the formula for the Profit Change takes into account the closing balance and the opening balance.
Me: This is non sense, because a 6.47$ profit for a trade with 2000$ balance account
Me: only 1 trade a day
Me: closed
Me: not even another trade is closed near to it
Me: how will it become 18%
PAMM Support: Like I said I cannot give you values from someone else's Manager Account and so I cannot confirm whether the values you are taking into account are correct or not for your calculations.
Me: you said profit change is calculated according to closed trades
Me: and that 6.47$ makes 18.48% change
PAMM Support: OK, what I am trying to get at is, your assumption is that the Balance was 2000 USD, it could be the opening and closing balance might not be that on the Manager Account at the time the trade was placed/closed.
Me: there were no trades closed before
Me: this trade
Me: this is his first ever trade in account
Me: and no trade closed for next 2 days too
Me: where did he get 18.48% change then?
Me: with 1 closed trade
PAMM Support: But it matters to have the Opening Balance as well.
Me: its a new account
Me: pamm account cannot be opened less than 500$ in hotforex
Me: what you are trying to convince is just not correct, u better correct those stats first
PAMM Support: OK, you will find on the Manager Account that there was withdrawals done. In case the withdrawal is done before the trade is opened, the Balance at start would be lower. A Profit Change based on that value would be different.

Quoting leebsurag

Disliked

looks like a bug really..check the time position was open -217 days. Maybe we miss some other factor... Others look normal checked top of the list calculations are correct.

Ignored

Quoting akash14

Disliked

{quote} Yes its a bug i guess, there are many calculations which are wrong. 6$ profit on a 1k or 2k account doesnt match 18.48% change in anyway. When i say this to their pamm live chat, they simply argued with me and tried to prove they are right. what a stupidity.

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Quoting leebsurag

Disliked

{quote} One of the explanations may be that "wrong" stats displayed the trades when his balance was 35 bucks and later he made deposit? Look at the screenshot there is big increment in equity in January exactly when this abnormal calculations occurred In next months, seems no errors.. But I can be mistaken. Have you tried to make internal Hotforex inquiry from personal cabinet? {image}

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Quoting akash14

Disliked

{quote} First of all, to open a pamm account you cannot start less than 500usd or 1000 usd. His minimum investor deposit is 1000$ then manager also should deposit 1000$. You can see his account has min 1000$ deposit offer for clients.

Ignored

Quoting davinci15

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