Hotforex moving to Saint Vincent, should I be worried?

Dear Valued Client,

We are pleased to inform you that HF Markets (SV) Ltd, a Company incorporated in Saint Vincent and the Grenadines, is now part of the expanding HF Markets Group. Expansion of the HF Markets Group, effectively allows us to continue to provide our clients increased flexibility in Trading Conditions and a broader range of services in order to accommodate all of their trading needs.

In respect to the above, we would like to inform you that your myHotForex account will be transferred from HF Markets Ltd to HF Markets (SV) Ltd, another investment firm within the HF Markets Group, with registration number 22747 IBC 2015.

The process of moving your account(s) will commence on Saturday, 25th June 2016.
In this respect, please take some time to read through and acknowledge the Company's Legal Documents prior to the announced transfer.
In the event that you are not in agreement with the above, please inform us by sending an email to[email protected], no later than 5 calendar days from the date of dispatch of this email. Please click here to view more information about the above mentioned transfer.

If you do not reply to this email within the specified timeframe, it will be deemed that you are in agreement with the transfer.

The transfer of your myHotForex account from HF Markets Ltd to HF Markets (SV) Ltd is a straightforward process and will require little action on your part.

If you have any questions, comments or feedback, please do not hesitate to contact our dedicated Customer Support Team via myHotForex, Live Chat or by email [color=#FF0000][email protected][/color].

Best Regards,

The HotForex Management

http://bostontechnologies.com/blog/t...orex-companies

To the fifth-level jurisdictions, I would categorize all the rest of the desirable offshores, where a Forex license is not compulsory - for example, the Seychelles or St Vincent. After a week and a few thousand dollars, you are an owner of a new Forex company. The advantages and disadvantages are obvious. In defense of these offshores, I can say that this type of registration is essential in taking the first steps for a new Forex broker. As in any new business, it is impossible to predict how successfully the company will perform and $20,000-$30,000 for many newcomers is a significant amount that could be spent on marketing.

Could someone recommend a forex broker with a PAMM like hotforex?

https://v2pamm.hotforex.com/

http://www.forexpeacearmy.com/public....liteforex.com

LiteForex doesn't have good review in Forex Peace Army.


Last Updated:2016-06-12
Special Notes:
CAUTION: LiteForex has a policy limiting a trader's profits on news events and gap openings. This rule is currently listed as item 6.8 here.

SCAM CONFIRMATION

September 17, 2013: There are now 4 FPA Traders Court Guilty verdicts against LiteForex. The FPA now considers LiteForex to be a scam.
LiteForex is blacklisted. The FPA recommends AGAINST opening accounts with LiteForex. If you have an account with LiteForex, we recommend you withdraw your money as quickly as possible.

Hi balloontree,


I agree that regulations are important. Try looking at Global Prime brokerage Australia. Good ratings on FPA and while you are checking them out, take a look at HFT group rebates as a bonus to your trading costs. Cheers!