HotForex Discussion

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Compared to other brokers GBPUSD seems have high distribute on HF http://www.myfxbook.com/forex-broker-spreads anyone know what is the main reason for it ? And I have another question, is that the sexy HF is a ECN broker market manufacturer ?

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About the 0 disperse account gbpusd disperse isn't bad. HF is a Market manufacturer. Do not know if they send Beyond the book the internet exposure

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quote On the 0 disperse account gbpusd spread isn't bad. HF is a Market maker. Don't know if they send outside of the publiion the internet vulnerability

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Naaaaah, HF is too big broker to be pure market maker. I'm almost sure they work with prime trading institutes since there are just two fellows who exchange with HF with over 200K deposit, doubt they would to take risk to book such positions.

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quote Naaaaah, HF is too major broker to be pure market maker. I am nearly sure they utilize prime trading institutes since there are two fellows who exchange with HF with over 200K deposit, uncertainty they would to take risk to book these positions.

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Being a market maker isn't always a fault. Oanda and IG Markets are large too but are well proven to function as Market Makers. HF is for sure a Market maker, and it is clearly revealed by the fact that on all his accounts stop amounts are not at 0. But again, I am their client, atm I believe them an honest MM. Probably they market internally clients positions and ship outsied into LP the internet exposure

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quote Being a market maker is not necessarily a fault. Oanda and IG Markets are big too but are well proven to function as Market Makers. HF is for certain a Market manufacturer, and this is clearly revealed from the fact that on all his accounts stop amounts aren't at 0. But I am their customer, atm I believe them a fair MM. Probably they hedge internally clients positions and ship outsied to LP the internet vulnerability

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https://www.hotforex.com/eu/en/accou...m-account.html MC/SO - 50%/20%. Am I missing some thing?

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quote https://www.hotforex.com/eu/en/accou...m-account.html MC/SO - 50%/20%. Am I missing some thing?

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What u mean with this link?
If you want to be able to discern a market maker from an ecn simply google and u will find all elements to evaluate. Most brokers are hybrid, which in the beginning place new customers to B/Book: then a few (the couple which reveals able to be always profitable) are switched to A/book, with the possibility of a 3rd manner which is called C/book. But again, to be a market maker is not a mistake and Isn't unlegal

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quote What u mean with this connection? If you want to have the ability to discern a market maker from an ecn just google and u will get all components to evaluate. Most brokers are hybrid, which in the very beginning put new clients to B/Book: then some (the few which shows able to be consistently profitable) are switched to A/book, with the possibility of a 3rd way that is called C/book. But again, for a market maker isn't a fault and isn't unlegal

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No I meant about Cease out levels, you stated its zero but in the description of the premium account it is 20%.

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quote No I meant about Stop out levels, you stated its zero but at the description of their premium account it's 20%.

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Cease levels and prevent levels are two different things. Stop level is the space in the current price u can set a stop loss. If the stop level is 0 it implies that u can put the stop loss at 0 space current spread in the price
If the broker do not allow u to put stop loss in the space u want but demands some distance in the current price, this will be actually the 1st elemnt which shows he's a market maker. There are many other elemnts which allows u to understand if u are dealing with a mm or an ecn/stp
But to be a market maker Isn't a fault and if the MM is fair can profitable

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quote Cease levels and prevent levels are two different things. Stop level is your space from the current price u can set a stop loss. If the stop level is 0 it implies that u can put the stop loss at 0 space current spread from the price If the broker don't allow u to put stop loss at the space u want but demands some space from your current price, this is the 1st elemnt that shows he's a market maker. There are many different elemnts that allows u to understand if u are dealing with a mm or an ecn/stp But to be a market maker...

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Oh yes sorry just got ya wrong. But isn't it better for scalping EA's which need very tight SLs?

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quote Oh yes sorry just got hitched incorrect. However, isn't it better for scalping EA's which need very tight SLs?

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If u need to scalp with tight stop loss or trailing stop especially if u use an expert advisor is much better to use an account with stop amount at 0 pips. Otherwise u will get a lot of off quotes messages and flaws. However, the fact u use an account with 0 pips prevent level isn't a guarantee u will be successfull because there are lots of different factors involved, but this is another matter
Honestly I use Hotforex and am managing to become profitable too together, so my opinion of them atm isn't bad at all. But things can change

Still in good conditions Hotforex, just one repair the previous nfp period of news, (europe server regulation down 3 minutes), (fsc regulation old standart acounts all normal at the nfp time without issues).
Good trades.

Also my experience with them is quite positive up to now

This is bad Brokers for Indices. If you are interested in finding good ECN brokers, just stay from the broker. I have just attempted, and confronting problem straight away. They deny any my orders. I am unable to even get break even, the worst broker.

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This is really bad Brokers for scalping. If you're interested in finding good ECN brokers, just stay away the broker. I have just attempted, and confronting problem straight away. They deny any my orders. I cannot even get break even, the broker.

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Hotforex for scalping is for sure not the best option: a lot of off quotes messages. But I am manging to be more profitable also there, but not like on other brokers

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This is really bad Brokers for scalping. If you are looking for great ECN brokers, simply stay from the broker. I have just tried, and facing problem right away. They deny any my orders. I cannot even get break even, the worst broker ever.

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What was your difficulty, slippage, offquotes? What pair and which time?

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This is actually bad Brokers for scalping. If you're interested in finding great ECN brokers, just stay away the broker. I've just attempted, and facing problem straight away. They refuse any my orders. I am unable to even get break, the worst broker ever.

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Wich type of account do you have?

I never had difficulty with hotforex, quick implementation and tight disperse as u can see here = http://photoshar.in/hotforex-eu-mt4spread

For quick scalping HF isn't excellent. The issue isn't slippage, but continue off quotes and more, once u have earned any money, a totally different behaviour of the data feed. If ur scalping isn't too quickly like mine likely Hf can be still okay. I suggest u to watch carefully the trades once u have attained some good gain, comparing the Exact Same egy how act on different brokers, and Will Likely see, on rapid inventories, something u Won't enjoy

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For fast scalping HF is bad. The issue is not slippage, but keep off quotes and more, once u have earned any cash, a completely different behaviour of the data feed. If ur scalping is not so quickly like mine likely Hf is still still acceptable. I suggest u to see carefully the trades once u have reached some fantastic gain, comparing exactly the exact same egy how act on other brokers, and u will likely see, on rapid scalping, something u will not enjoy

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Diversifiion is the very best we could do. Make moderate gains with various brokers and keep low profile - the most secure egy to utilize retail brokers.

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quote Diversifiion is the best we could do. Make moderate gains with various brokers and maintain low profile - the safest egy to work with retail brokers.

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This are the fundamentals and of course is what I am doing and attempt new brokers each month. However, can also be important to understand how work your broker to find out whether u can profitabke together with him. If u Cannot be, change to another, fortunately there are many of these

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quote Here are the fundamentals and of course is what I am doing and attempt new brokers each month. But is also important to comprehend how work your broker to find out if u can profitabke together with him. If u can't be, switch to another, luckily there are several of these

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Just time and profit can reveal, unfortunately not many traders reach this level. . So that is why we are in short of valuable advice from actual traders. .

Today my HF live account did not hit my sell limit order and reversed price, the difference was 0.00006
Sell limitation at 1.46000
Price reversed at 1.45994
Anyone know why this sort of things happen, Are they manipulate my price feed or is there other motive,
this type of things happened to me earlier times but I don't know the true reason.
If there were stop lose on 1.46000 I am pretty sure it would hit
https://www.forexforum.co.za/attachm...8168262248.png

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Clearly a scam broker now they broaden spread and hit on the my GBPUSD buy orders on 1.4515 level, Then prices goes, shame on this sort of scammers who steal peoples money.

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Now I had trade opened exactly the same pair and that I didnt see anything weird. Really I never saw broad spreads in open time. Only they broad it when market close and less compared to brokers. My final broker was Allpari UK and they touch disperse more time compared to HotForex https://www.forexforum.co.za/attachments/1526191186.png

But if you have take a profit target on 1.4511 - 1.4512 which will not hit by broker, but they hit your buy stops about 1.4515 it certainly hit, not sure how they doing, may be that they ship different spreads for different user accounts. Not HF this doing by most of brokers.

The traders (we) make mistake after mistake, after humans always tend to blame everything that surrounds it, but can't see that the fault starts in himself, as always proceeds to make mistakes, and so the blame what they see around you.
We must get through this bad state of mind.
Learn from the mistakes (along with your errros).
About this broker I will say that before the date is severe, don't possess the best spreads, we can't have everything.
Good trades to all.

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But in case you have take a profit target on 1.4511 - 1.4512 that won't strike by broker, however they strike your buy stops around 1.4515 it certainly hit, not sure how they doing, could be they send different spreads for different user accounts. Not only HF this doing by most of brokers.

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I had a sense several times that market is one big smart brain that knows ahead my aims and cheat me. If you place your orders on some popular key amounts or round numbers (or they're attached to a particular fundamental event or technical pattern) smart traders can easily activate them and push you into the losses. Same employed to SL's. That's why try to think and commerce less the crowd does.
LS.

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The traders (people) make mistake after mistake, following humans always tend to blame everything that surrounds it, but can not see that the fault starts in himself, as always continues to make errors, and so the blame what they see around you. We have to make it through this awful state of mind. Learn from the errors (along with your errros). About this broker I will say that before the date is serious, do not possess the best spreads, we can not have everything. Good trades to all.

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I find you trading with HF, just wondering what is your account size? Checked your trading diary and seems great. . Have you ever thought about launching PAMM accs? https://www.forexforum.co.za/attachments/1526191186.png

Working with the HotForex because its inception in 2010, noted that the service has been diminishing its quality in the timeliness of its replies. To date relationship with partner differently than with traders. The partner is welcome to capture customers only, deficiencies in calculations lien, not timely resolution of small bureaucracies. So in my opinion the service is not positively correlated with the Broker's client development.

Went the length to test NFP this week using Hotforex - Really staggered with execution quality this time. The size was 1 lot and I just jumped at the heat during first seconds then played bouncebacks. This first bearish candle EUR/USD was crazed jumped sell in the midst managed to ch some great $$. Hope there'll be more such news turmoil cuz IMO it was easy to ch apt moments for entrance, particularly on pullbacks.
This is the screenshot of my trades
https://www.forexforum.co.za/attachm...1541208027.png

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Went the span to try NFP this week with Hotforex - Really staggered with implementation quality this moment. The size was lot and I just jumped at the heat during first seconds afterward played on bouncebacks. This first bearish candle on EUR/USD was crazed jumped sell in the middle managed to grab some good $$. Hope there will be more such news turmoil cuz IMO it was simple to ch apt moments for entrance, particularly on pullbacks. Here is the screenshot of my transactions image

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This orders are not from hotforex ok!! Comission of 4,... is not hotforex.

Oh sorry its from another broker I trade with, only create many screenshots of my trading advancement. Will upload it with Hotforex' one.

Where do I check hotforex daily or weekly trading volume guys? I visit other member can monitor trading volume of most brokers.

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Where do I check hotforex daily or weekly trading volume guys? I see other member can monitor trading volume of most brokers.

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Good question. Remember I saw on HF website a plugin which shows bulls VS stakes on these instruments like EUR/USD, Oil, GBP/USD etc.. Though I can not say its true or not. But regarding some in-platform solution doubt it is possible to find it as forex instruments are not exchange-traded so now accurate volume are available for them. .

I have been using them for almost 5 weeks. Had just a few withdraws there, but processed at given time. Although order processing is not the fastest and there is nothing outstanding, they're regular average broker. Generally, great for trading.

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I've been using them for almost 5 months. Had only a couple of snaps there, but processed at given time. Though order processing isn't the fastest and there's nothing outstanding, they're normal average broker. Generally, good for trading.

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Hey what type of trading account are you using with them?

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quote Hey what type of trading account are you using with them?

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Hi. Not utilizing. Although I think there I saw no signs of dishonesty out of these, spreads are not the best as for today and processing of orders is not very striking to the time I stop them

Yeah hotforex is a decent broker, although its one of two brokers I trade but most my funds are at hotforex, I dont scalp much, typically swings on xauusd, this season is about gold and oil.

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yeah hotforex is still a decent broker, although its one of 2 brokers I exchange but most my money are in hotforex, I dont own scalp much, typically swings on xauusd, this season is about gold and oil.

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Hey guys I wonder if there are any instant withdrawal choices? What about HF debit card tried it? Any ATM fees?

Im personally employing the Skrill debit card in my place there's a 4-5 USD withdrawal fee from any international debit cards, thats normal for bank/atm transactions, I've observed in some countries like malysia they do have or had a hotforex debit card, Ill need to ask support about it leaves withdrawin a lot easier. There was a time when they provided the payoneer alternative but they don't have it anymore. But in the end the skrill procedure is pretty convenient, I mean I draw to skrill in roughly 24 hours and may withdraw in my local currency from any ATM using the skrill card.

I personally utilizing skrill and I guess it is fairly popular ewallet to produce simple deposits and withdrawals to a broker.

Compared to other brokers GBPUSD seems have large spread on HF http://www.myfxbook.com/forex-broker-spreads anyone know what is the reason behind that ?
And I have another question, is the hot HF is a ECN broker market maker ?

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Originally Posted by ;

In comparison to other brokers GBPUSD appears have high distribute on HF http://www.myfxbook.com/forex-broker-spreads anybody know what is the reason for that ? And I have another question, is that the hot HF is a ECN broker market maker ?

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The gbp problem is the sell swap. Same with buy swap in Eur. Too Large