Couple of months old news. Esteemed regulator, though CySec is non. A few fines have been handed out by them.
They've handed out rather harsh review against Hotforex in this example, for justifying his or her penalties.
All new traders should read this report, found from the connection:
http://www.financemagnates.com/forex...sstating-risk/
Quotes from the guide, remember these arguments are the words of CySec:
It was fined in January 2016 for many violations of the securities legislation from the country
HotForex was not #8220;acting fairly, honestly and professionally in accore with the best interests of its clients#8221;. This count is related to the practices of their employees of the company and the terms and conditions That the firm presented to its Clients
unfair, unclear and misleading marketing info
lack of maintenance of an adequate record of client agreement documents
