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I've used them and the service seems okay, the platform did hit me two off-quotes my very first day, they stated they did not find on their end. However, overall not bad, they did give me a portion of my position back due to this re-quotes, which by the way that they are not suppose to have.
I've used them for two weeks.
Hot forex,can't invest more then 10 dollars in a company with that name https://www.forexforum.co.za/attachments/1524680087.png
I know that I was going for Super Hot and Sexy Forex but broker isn't yet offered.Quote:
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So much for their stp CaseQuote:
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They will have it that they provide bonus to a Currenex account. It is rather bizarre, no of thehttp://www.forexbrokerz.com/page/currenex-forex-brokers I understand offer bonuses.
Just so you have the image on HotForex. My HotForex account exists only to test them out and make sure I have my egies tight whilst trading live, demo isn't any way to know you have your feelings in check. Anyway here is what I have experienced thus far.
No-Quote I've had a few before and the one today was during the significant times together with the EUR/USD, for the most part was to be expected with them.
During normal trading several times my MT4 goes to a no connection or platform freezes. These are the games that they play. With the display freeze I'd the MT4 of MB Trading.
Currently this did effect my trading to an extent, especially today, I was moving in the perfect direction for the most part, thank God for that.
I exchange .01 with them, I don't care if I've 500:1 leverage or not, it is not about this, but I'd do yourselves a favor and stay away from them, the longer I go confident in my account, the more they appear to turn up the heat, the more frequent that the disconnects and such, fun broker, not.
I Have signed up the account for the Bonus.
Following my account has over USD 1000 or profit, I withdrew USD 700, that is an element of the profit. According to their record, we could withdraw our profit and maintain the bonus. But after the withdrawal of USD 700, the incentive was decreased by them by USD 350, which will be 50% of the withdrawal amount.
After I emailed to their Backoffice, that was advised by their Live Support, HotForex freeze my account rather than letting me trade!!!
This is given by HotForex from their webpage about the 50% Bonus:
EXAMPLE: Forex bonus illuion: You deposit your trading account with $5000 and get bonus of $2500 (50%). Let#8217;s suppose that after incentive was received by you, the sum on your closed prices is $250 profit. As stated by the conditions of the incentive program, you are permitted to withdraw no more than $250 (your Profit) in order to maintain the bonus sum on your account.
Stay away from this broker. They don't welcome traders who are profitable.
I've been with Hotforex for almost 1 year and have not had any problems either with their support or with implementation. The spread is more competitive and tight with other brokers. 1 thing I would like to lift just a little bit extra is their accounts. Segregated accounts basically suggests that Hotforex as company can't touch your cash. Occasionally there are problems, but the support team is at the top of everything. I must know a lot of people from the group there and I can safely say I am quite content with the services supplied by the company.
I don't really get what you're saying here... If you browse the HotForex Bonus Conditions (http://hotforex.com/documents/HF_Mar...s_22062011.pdf) paragraph 3 for bonus its pretty obvious for me how the rules are working. Do you read the document above?Quote:
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I do not agree with you.... I made a quick test where you can see if you have link issues against the server or not. My incident with link against Hotforex was October 12 and it lasted for 40 minutes only. A test was left by me on my other brokers as well and they have the very same troubles.Quote:
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I assume you utilize an US based VPS so you're near the MB Trading MT4 server for latency purpose. If you now connect to Hotforex you will have latency from the Hotforex MT4 server which have their servers in Europe. The TCP/IP network between your VPS and Hotforex MT4 server can have TCP/IP issues if that's the case you will see this kind of connectivity issues and with dropped packets.
I would recommend you that before you blame the broker, ensure that your settings on your end are right. Its not simply to start commerce and an MT4 client, you have to think about TCP/IP connectivity as well.
I have been trading with them for over 8months now and they are great my only Problem is the platform is slower then other brokers, I wish they Repair It and would work on that
Hi
Connected them a few months ago because I wanted to utilize their PAMM as I'm a finance manager.
No complaints, good service and executions.
I reccomend them.
You are fortunate. They have slippage and execution.Quote:
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Do you date with large account?
Oli
Hot Forex 6 weeks ago provided service. However, in the end of summer they started to play games using some customers. Significantly, they had difficulties with their network as well as liquidity providers.
Just my 2 cents,
Josef
Yes, I quoted the same paragraph for their Back Office. My account had a profit of USD 1000 and I can make a withdrawal of around USD 1000 while retaining the incentive, but I only draw USD 700 and keeping the residual USD 300 within my account.Quote:
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They shipped me the exact same record that you simply pointed and claimed that withdrawal of profit will lessen the bonus. I needed them to reveal the clause in that PDF file that say withdrawal of profit will lessen the bonus. However they could not. Obviously, they did not read and comprehend their rules.
I wrote to need for clause and eventually they admitted their error, credit back the incentive which was removed and apologized for the inconvenience causedby
Not bad for this particular broker admits their error. But we need to keep close watch on them, just like with almost any brokers. They know and do not read the rules that they set.
If you have participated in their 50% incentive program profit and HotForex lower your bonus, then it is wrong of HotForex to have done. You have the right. See my previous post.
You can draw your profit while keeping your bonus.
Paragraph numbered 3 in their own Terms and requirement for their 50% Bonus app, it stated the next.
3. Until all prerequisites of the program are not fulfilled, you are not allowed to draw a
sum that exceeds your Profit.
EXAMPLE: Forex bonus illuion: You deposit your trading account with $5000 and
get bonus of $2500 (50 percent). Let us suppose that after you received incentive, the sum on
your closed prices is $250 profit. According to the terms of the incentive program, you
are allowed to draw no more than $250 (your Profit) in order to keep the bonus
sum on your account.
If they are good they dont want people to be attracted by any schemes
I concur here, its great they admitted their mistake and corrected it.Quote:
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I don't agree with your announcement here. Good or poor broker, they must compete with well known brokers and that can be hard. The brokers has to provide something extra to take market stocks and I don't think that's wrong. Its also up into the customer to accept or decline the bonus program.Quote:
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Normally all brokers require you to input all information for a stay account and also for deposit/withdrawal features. But I believe in the event that you wish to use demo, you can enter information.Quote:
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It's important to understand which type of information HF needed from him. Was it or filling forms due to account opening that I doesn't see as a problem.Quote:
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Verifiion process is for only account with evidence of ID and residence but for demo you can just download hotforex mt4 platform and start new demo with fake information, I did many times when I awakened my first demo acc.
Such needs will be put out by any broker. Maybe, that's your encounter, that you're so alarmed about providing your personal data. You would not believe how some brokers ask even more, to the purpose of asking how many credit cards you have.Quote:
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^
Really. Because they may be useful for some company in the future, any provider want information from their customer, even customer. If you truly want to exchange live with any broker, should provide real info (because you will be required to verify them) and info for demonion.
Haha yeah, made dozens of accounts with fake data without any problems, but for live I use my actual information. Btw is there a limitation on using demo accs from pc? For instance if my spouse also trades forex?Quote:
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Thanks guy, means a lot, yeah, thought about the sudden boom of this ripple,but the talk isn't good. And I suppose its really sketchy. Will keep that in mind. . Some say btc was doing the same thing for the previous 3 years each January not sure what to make of it since im kinda new for this, but prices are in the 12k mark, even following a scary dip to 9k will probably observe from the sidelines till it clears I guess.
This really is all about HotForex not around Cryptocurrencies, so go everywhere speaking about cryptos.
Thanks for keeping this issue clean, but I'd like discuss cryptos everywhere, such amazing crazy market. .Quote:
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No harm trade with hotforex, its cryto is the upcoming big thing, its not only in this thread, I might say in many other well. Btc is only making that a great deal of noise LOL happy and cheers pip hunting
The truth is that Hotforex appears to provide interesting choices for crypto trading, here is a screenshot of this information that I gathered = https://photoshar.in/hotforex-crypto-trading-detailsQuote:
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My forecast regarding bitcoin is a decrease, sharks get their profit from investors and they do not invest to bitcoin anymore and lots of nations, areas are restricted bitcoin gains. Bitcoin slipping in Japan could cause advertising and bitcoin is impossible to restore to its peak.
My advice , do not trade crypto on forex brokers platforms - they are regardless of what MM egy you take you will end up loosing and VERY volatile.
If you think the crypto story then buy and maintain every dip on exchanges ( also reputable ones not any trade)
There is a vecious war between market tycoons , banks authorities as crypto is gradually pulling the rug under their feet
Always research the coin you're purchasing (can it add value to the consumers or just another kid on the block?)
Great Luck!
Major trend for decrease is clear why not short and take profit on round numbers. Simple working egy you only have to follow news closely to prevent betting against shift in thoughts. For now its bearish and ability to shorting BTC through Hotforex is opportunity for me.Quote:
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If you don't trade crypto, I believe you should not buysell it because you end up losing. I see a group of sharks controls bitcoin and they decide the price. I fall right now into 8K, remember its peak at 19K USD and graduallyfolks are debtors so far.Quote:
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Yes precisely, peoples can just short the damn thing and make profit but they just keep crying because it keep falling. Big shark are selling it we can sell it as well so all together we can make it fall even more and earn more profit.Quote:
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I wonder OTC contracts on Bitcoin, who's the counterparty when we market them especially during major decline?Quote:
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Bitcoin is recovering, I am aware that it couldn't be down to 6k$ but I think 13 isn't easy to achieve. Maybe next week with some good news out of market.
Yeah I know it will recover but I can not really find out which is the execution venue and LP to get bitcoin or ethereum? Are they exchanges who agreed to be a counterparty?Quote:
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Used to use them, but moved away only because they didn't have (I really don't know now) micro accounts (ie trading micro lotsize). Everything was fine, deposits, withdrawal, affiliate program, trading etc..
Accessible, man u are my to go to man, I think I got my self lost in the crypto maze, cant seem to see a image that is crystal clear. any insights? Https://www.forexforum.co.za/attachments/1524727851.png long-term I mean.