Thread: HotForex Discussion

Originally Posted by ;

quote Exactly how many licenses does hotforex have so far? From what I understand is CySec and FSB? Any else?

FSA (St. Vincent), FSC (Mauritius).

I believe the FCA not certain though but here's a link. . https://register.fca.org.uk/ShPo_Fir...000000NMcPpAAL

Originally Posted by ;

I think that the FCA not sure though but here's a link. . Https://register.fca.org.uk/ShPo_Fir...000000NMcPpAAL

Well, I'm not an expert in the area, but I think there are distinct forms of regiion / license, more detailed, others less.A great thing in this license on the connection, is the capability of the customer to send a request to Onbudsman in the event of dispute and has a customer clearing service in certain situations.
Anyhow, I do withdrawal regularly, don´t like the idea of leaving money for long periods without cashing out, and determine how the payment method brokerage

HI

I'm using Hot Forex for the past three months. I'm new trader with this broker contemplating the other articles mentioned in this thread and I believe that their service is great until you deposit an amount together and then their services are dead. I trade on MT4 and utilize my own abilities and knowledge to trade. I did not withdraw an amount. Will do this and update on that as soon as possible.

Originally Posted by ;

quote FSA (St. Vincent), FSC (Mauritius).

They are actually regulated by many distinct agencies depending of the nation, that I took a screenshot of it its pretty intriguing = http://photoshar.in/hotforex-regulations-per-country

How do you get that image and data inside? I don't see CySec, their principal license and FSB, newest license. FCA is still the most essential license.

Originally Posted by ;

HI I'm using Hot Forex for the previous three months. I'm new trader with this broker contemplating the other articles mentioned in this thread and I believe that their service is good until you deposit a sum with them and then their services are dead. I utilize my skills and knowledge to exchange and exchange on MT4. I did not withdraw an amount. Will do and update on this as soon as possible.

So you started to get problems as soon as you made your first deposit? Something tells me you're attempting to compare demo and live accounts here
If you are newbie in trading and then face some difficultieslose too quickly I'd advice you to cut leverage (at least 1:100), bet no more than 1 percent out of a deposit and prevent lean liquidity timeshigh volatility.
Good luck

Be aware that Hotforex is not controlled by FCA. They won't fall beneath FCA regulation. It's the not working regulation of CySec who will need to adress your complaints.

Originally Posted by ;

quote Something tells me you are attempting to compare demonion and live accounts here

What tells you this?

Originally Posted by ;

How do you get that image and data inside? I don't see CySec, their main license and FSB, latest license. FCA is the most essential license.

It is whom the broker is controlled by that is crucial, that is CySec for Hotforex. . That is known by important knowledge, for the ones who does n`t.