Thread: HotForex Discussion

Originally Posted by ;

Hello

Joined them a couple of months back because I needed to use their PAMM as I'm a finance manager.

No complaints, good support and executions.

That I reccomend them.

You are fortunate. They have slippage and execution.

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

Originally Posted by ;

I do not really get what you're saying here... If you read the HotForex Bonus Terms (http://hotforex.com/documents/HF_Mar...s_22062011.pdf) paragraph 3 to bonus its fairly clear for me how the rules are functioning. Perhaps you have read the record above?

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.

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

Originally Posted by ;

Yes I quoted exactly the exact same paragraph to their Back Office. My account needed a profit of USD 1000 and I will make a withdrawal of around USD 1000 while maintaining the bonus, but I draw USD 700 and maintaining the remaining USD 300 within my account.

They shipped me the exact same record that you pointed and maintained that withdrawal of profit will lessen the bonus. I needed them to reveal the clause from that PDF document that just state withdrawal of profit will lessen the bonus. But they could not. They didn't read and understand their particular rules.

I.. .

I concur here, its great they admitted their mistake and corrected it.

Originally Posted by ;

if they are great they dont need any such schemes to attract people

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.

Originally Posted by ;

my withdrwal that this dec was processed quick, yeah always process the withdrwal on a week day before their office hours for this to be processed with at the day, or the next day weekends are generally a hassle.

Yeah better to steer clear of trading through weekends (talking about 28-10 Jan) as liquidity is think, so its easier to manipulate them by large players. We can get caught up by their own experiments, so just buy pop-corn and watch how it goes

Has anybody trdeded news with stop orders with hotforex?
I get reqoute from 1 min before news so I put my orders 1 minute befor news .but once screen freezed along with my bot didnt work and I got margin call double and account came back to 0 .
Does anybody else has the same problem?

Originally Posted by ;

Has anyone trdeded news using stop orders with hotforex? I get reqoute from 1 minutes before news so I always place my orders 1 min befor news .but once screen freezed along with my bot didnt work and I obtained margin call double and account came back to 0 . Does anyone else has the exact same issue?

Last NFP went smoothly for me (entered 1-2 minutes prior to launch, 0.1 lot size( manually). What is the lot size you was trying to trade with them and what news are you speaking about?