U.S election is coming so maybe the broker couldn't maintain normal services. We ought to consider avoid trading within this time. I just got notifiion email. Wonder if this broker could stop the server throughout the election?
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U.S election is coming so maybe the broker couldn't maintain normal services. We ought to consider avoid trading within this time. I just got notifiion email. Wonder if this broker could stop the server throughout the election?
I still found 2016 much profitable for me than the previous one yet I have ceased trading as I have a feeling that the market may went crazy due to US elections and new year holidays season, I guess many traders are also spending time with their families during holidays (this month and december) instead of trading.Quote:
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What do I continue to state:
It is verified that Hotforex asserts normal trading criteria without great hints, always in front with all the aggressive brokers who are also many and great.
Good trades Traders.
Waiting for the Decima to shout that the subject is flooded with broker reps praising trading with Hotforex https://www.forexforum.co.za/attachments/1525354108.jpgQuote:
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1) Well, I've attempted to point my encounters with Hotforex. It was bad. Far from what you claim. It's important to balance the false rosy image someoneQuote:
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using a conflict of interest is attempting to paint. Others on the forum have claimed the same. I will take some opportunity to go through the thread. We can make a count. .
2) Also I've posted news about Hotforex beeing fined from CySec for what I'd describe as beeing a bucketshop. Important details.
3) Also I pointed out that representatives from Hotforex have acted closely with respect to the global anti-laundering rules, on those forums..Says a lot. .
4) I've pointed out that CySec is a bad regulation. Look at Iron FX..Important to consider.
5) I've pointed out there isn't any objectivity from a number of those forum members always giving unjust advices and safeguarding Hotforex. You specifically. .
The sum of this, that not one of you bother to consider or answer what's cited above. The eye against it turns. It will make you curious about if it's some truth behind it. That's the rationale behind my position, there are quite a few accounts on this forum managed by someone who has an interest in marketing Hotforex.
It will be totally worth the little time I spend on those forums. If this information may result in a new trader reconsidering opening an account with them. Work Time and money better spent another broker.
So back my advice, do not use Hotforex as your broker. Choose a FCA broker rather.
Im kinda curious. . Lets put it this way, point me out ideal broker. just one. . I guarantee you there'll be noninvasive, hotforex or not it doesnt matter, a few traders may have any bad blood in other terms that I call it bad beats. And yes I do have my share of it. . Lets just say its traders and the market in the end, if you inform me you are earning well with who broker you are working with now, ill be truthful and be happy for the success. Coz thats the battle we traders undergo, in the end its good enough for me. Reminds me of TRUMP all that BS about him yet there he's the NEW president of the united nations of A. haha and who know it might just do the job for them. Trust me we've seen lots of, and coz from the perspective of users, its like you are a war, on a vendetta. . Take it easy I can call out 6-9 brokers with a lot worst instances yet you wont find me doing. .
I have an account in hotforex.com
My account made profit more than twice after one week.
One day before US election as I knew Japanese Yen would power I have market GBPJPY and also at 00:02 server moment suddenly I noticed that all my transactions have been closed.
There wasn't any sever fluctuations on price, suddenly I detected large and unreasonable spread and just on the the pair of the own positions! It is clear in the image that I provide.
My evaluation and forecast are completely correct and should the broker would not margincall me, it would terminate to 30k $ profit in under 4 hours.
I have whined to hotforex through email. Their first answer was presidential election spread ... I replied 24 pips widening isn't acceptable even for us election.
After more following out of me they replied they get the prices and spread directly from liquidity providers with no interference, and so I answered I am hotforex customer and have contract with hotforex rather than liquidity providers so I can not complain.
So this is my question , are brokers permitted to boost spread as wide as they want with any excuse which they want and consequently margincall the customer account? Are they permitted to use something like US election as a justifiion? Are they permitted to say they get the price and spread from liquidity providers to escape of changing prices on their own so they don't have any responsibility?
As a professional trader I have approved all the Forex deal risks but sadly with this type of brokers and all the nature risks in this market we ought to wait for additional factors to lost our deposit.
I'd appreciate if you know a way to complain about this fraudulent broker kindly allow me to know.
Thank you.
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Make sure that you aware that Non-UK and EU traders are not qualified to enjoy FCA security as a FCA regulated entity of a broker just simply opens a doorway for UK and EU market. If you are not in the counties I mentioned above any FCA brokers discussed there'll have you enrolled with their offshore division.Quote:
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If you desire higher level of security be sure you moved to UK or EU initial https://www.forexforum.co.za/attachments/1525354109.jpg
Regrettably, it is normal spread at night hours when liquidity is at the lowest level. Look at two screenshots from myfxbook.com from Pepperstone and LMAX. Especially when US election should expand spreads more, you made horrible mistake. However, it's rather good idea to change broker on never market maker FCA and ASIC protected.Quote:
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https://www.forexforum.co.za/attachm...3816912151.jpg
All traders are protected by FSCS compensation scheme. If you figure out how to open account with FCA regulated broker you're securehttps://www.forexforum.co.za/attachments/1525354112.pngQuote:
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