Thread: HotForex Discussion

Originally Posted by ;

Could I Exchange Gold futures with HotForex?

Guess only CFD's. Hotforex doesn't offer futures but CFD's are basically the same.

I fulfilled the worlds dreadful live chat representative in hotforex now please look at the foolish replies they gave me.

Originally Posted by ;

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 (real chatting period) 00:26:10
Operator PAMM Support

Chat Transcript
info: Welcome to HotForex Live Chat. Thank you. An operator will be with you.
Advice: 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 numbers are derived from the closed trades on the Manager Account.
PAMM Support: The numbers are not wrong, they're based on the closed trades. However, you are needed to appraise both the closed and the open positions standing of the Manager Account.
PAMM Support: Anything else that 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 1072 1078.64 66.4 6.47 156.0h 3m 18.4857%
Me: this is his initial commerce
Me: 6.47$ was the profit.
Me: 18.4857%
Me: is showing as shift in that row
Me: this is wrong, dnt u think so?
Me: if the account balance was 1000 or 2000$ develop a 6.47$ profit transaction be showed as 18.4857% profit change
Me: and one more thing,
Me: Balance1341.12
PAMM Support: With respect to your initial query about the Profit Change, I can affirm the 18.48% is accurate.
Me: What's that correct?
Me: can u clarify?
PAMM Support: Further, because the numbers are derived from the closed trades, the drawdown is again dependent on the closed trades.
PAMM Support: I cannot provide you with the values in the Manager Account, however, the formulation for your Profit Change takes into account the closing balance and the opening balance.
Me: This is non sense, as a 6.47$ profit to get a commerce with 2000$ equilibrium account
Me: just 1 transaction a day
Me: closed
Me: maybe not another transaction is closed close to it
Me: how will it become 18 percent
PAMM Support: Just Like I said I can't give you values from someone else Manager Account and so I can't confirm whether the values you are taking into account are correct or not to your own calculations.
Me: '' stated profit change is figured according to closed trades
Me: which 6.47$ makes 18.48% change
PAMM Support: OK, what I am attempting to get at is, your premise is that the Balance was 2000 USD, it could be the opening and closing equilibrium may not be that about the Manager Account at the time that the transaction was placed/closed.
Me: there were no trades closed before
Me: this transaction
Me: this is his first commerce into account
Me: without a transaction closed for following two days too
Me: where did he buy 18.48% shift then?
Me: with 1 closed commerce
PAMM Support: But it matters to get the Opening Balance as well.
Me: its a new account
Me: pamm account can't be opened less than 500$ in hotforex
Me: what you are attempting to convince is just not correct, un fix those stats first
PAMM Support: OK, you'll find about the Manager Account that there was withdrawals completed. In case the withdrawal is completed before the transaction is started, the Balance at launch would be reduced. A Profit Change based on that value could be different.

Even though if we presume that this trader draw his money before closing the transaction multiple occasions making seem like a 18.48% profit for a commerce closed with 6.47$ with 40$6.47 equilibrium and again depositing money.
This is cheating and should be corrected according to their pamm account min equilibrium of 500 or even 1000$.
There are also other trades in his account with 11.9$ profit showing as 28.6954% </b>two days after.
8.89$ profit in a trade showing as 14.4248% </b>profit.

So Guys be cautious about hotforex cheat where people are able to trade with as less as 50$ at which 500$ is minimum to deposit and start trading as a manager.
Very phishy...

Resembles a insect really..check the time position was available -217 days. Perhaps we miss another variable... Others look normal checked top of the listing calculations are correct.

Originally Posted by ;

looks like a bug really..check the time position was available -217 times. Perhaps we miss some other factor... Others appear ordinary checked top of the listing calculations are correct.

Yes its a bug I guess, there are many calculations which are mistaken. 6 profit on a 1k or 2k account doesnt match 18.48 percent change in anyway. When I say this to their pamm live chat, they just contended with me and attempted to prove they're right. What a stupidity.

Originally Posted by ;

quote Yes its a bug I guess, there are lots of calculations that are wrong. 6 profit on a 1k or 2k account doesnt match 18.48% alter in anyhow. While I say this to their pamm live chat, they simply contended with me and attempted to prove they're right. Exactly what a stupidity.

One of those explanations may be that wrong stats displayed the trades when his equilibrium was 35 bucks after which he made deposit?
Consider the screenshot there is big increment in equity in January exactly when this abnormal calculations occurred In following months, seems no mistakes. .

But I can be confused. Have you attempted to make internal Hotforex inquiry from personal cabinet?

Originally Posted by ;

quote One of the explanations could be that wrong stats displayed the trades when his balance was 35 dollars after which he made residue? Look at the screenshot there is big increment in equity in January precisely when this strange calculations happened The following months, seems no mistakes. . I, however, could be mistaken. Perhaps you have attempted to create internal Hotforex inquiry from personal cupboard? image

First of all, to open a pamm account you can't start less than 500usd or 1000 usd. His minimal investor deposit is 1000$ then manager should also deposit 1000$. You can see his account has minute 1000$ deposit offer for clients.

Originally Posted by ;

quote First of all, to open a pamm account you cannot begin less than 500usd or 1000 usd. His minimum investor deposit is 1000$ then director should also deposit 1000$. You can view his account has min 1000$ deposit offer for customers.

Yeah then its a miscalculation I believe. And encourage seems to be didn't understand you. Lets wait if they fix it.

I have experience with hotforex. Fantastic support. ECN Foreign Exchange.

They also have many live and demo contest with really high awards, I about to win a trophy in the most recent rivalry currency wars.

Anyone wish to join : https://www.hotforex.com/?refid=165497

Originally Posted by ;

I've great experience with hotforex. Fantastic support. ECN FX. They also have many live and demo contest with really high awards, I going to win a prize in the most recent rivalry currency wars. Anyone wish to join : https://www.hotforex.com/?refid=165497

Come on man you may get banned for such BS. Advertise your affiliate links somewhere else, does not spoil spam-free picture of FF.

Definitely a scam broker now they widen disperse and hit my GBPUSD buy orders on 1.4515 level, Afterward prices goes down, shame on this kind of scammers who steal peoples money.