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Sorry, but I did not assert that https://www.forexforum.co.za/attachments/1525068667.png My claim was that lots of brokers get FCA license but still keep some customers on their offshore branches. That's it. And that there are reported problems recovering funds from broker regulated under it.Quote:
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FCA is great watchdog and brokers should try for it since it will raise their authenticity in the view of many traders.
As you can see at election day that the market move mad at asian session where liquidity is low , so that kind of spread is normal given the event happen. Plus You're trading cross pairQuote:
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you are able to complain to CySEC and to FPA.Quote:
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Regards!!!
P.S. I just feel that many, mabe 90 percent of brokers are bucketshops. Most recently HotForex have changed the model company from ECN (agency which doesn't have any part into the clients transactions) into Money maker business model where they're the piquidity provider and they become the primary counterpart of the customer. As long as a broker is a money maker he want to do with his spreads and liquidty. Be advise that when a borker is that pretend that he has an ECN version but operate with MT4 platform that he establishes, MT4 platform can't agregate orders from several liquidity suppliers, nor MT5. Ctrader, Ninja Trader platform and other proprietary platforms can operate with numerous liquidity suppliers however not MT4 and MT5. I believe HotForex have recognized that they have lied to their own clientel regarding the company model when they have promised to be an ECN broker. Also be advised, CySEC is a poor regulator. If you regard forex as a business I advise you to consider doing business with a real ECN broker or even a MM borker but under some stringent regulation such as FCA form UK.
Regards!
That is what happens when traders doesn't read mails from a broker about changing of trading conditions ahead of significant occasionQuote:
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no one wishes to follow the destiny of Alpari UK https://www.forexforum.co.za/attachments/1525068667.png
Anyone know about CySEC leverage limitations and changes in Hotforex policy? I am still able to exchange 1:400 leverage can it be possible to observe a ban for leverage in Hotforex?
If Im not mistaken, this was from last november, in which CySec had an argument regarding disallowing deposit bonuses, and stoping utilization of leverage over 50:1, it belongs to most if not all of retail brokers I guess, correct me if im wrong but this appears to have something to do about the recent IronFX 1000 complaints, that prob contributed to just pointing out it was because of bonuses and excessive utilization of leverage, well I guess im simply tackling these gray areas and the film isn't that clear yet (personally). But so far there is nothing official to speak, we may wait for updates regarding these changes and such sort of changes are bail. .
NOTE: kindly dont quot me this, I my self aint sure and will simply deal with it if the image is clearer. .
Please assess your broker page , they're licensed in St Vincent....Quote:
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HF Markets (SV) Ltd is registered in St. Vincent that the Grenadine as an International Broker Company using the regiion amount 22747 IBC 2015.
The items of this company are all subject matters not forbidden by International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines, 2009, specifically but not entirely all commercial, financial, lending, borrowing, trading, support activities and the involvement in other enterprises and to give brokerage, training and managed account solutions in currencies, commodities, indexes, CFDs and leveraged financial instruments.
You're OK for high leverage I guess
Thank you for you reply. This came as a surprise! Hope Hotforex will maintain their level of trading services.Quote:
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Just aware an interesting thing, not sure if it's available at your nations but hotforex has Local Depositor (accessible MyHotForex cupboard), where you can deposit and withdraw through IBs by sending fund to him. I have tried it but I'll use it as it may save withdrawal charge if I withdraw fund to my Skrill account.
I've been with HF for almost two years and I am delighted with their services. Their MT4 broker is okay and their spreads are far better than other brokers. HF isn't the best on the market, but for a trader it is okay. I've never confronted withdrawal problems.