HotForex Discussion

Altered my account kind to Currenex. I've a feeling that these aren't actually spreads nor liquidity from Currenex as you can't implement micros on the Currenex.

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Changed my account type to Currenex. I have a feeling these are not really spreads nor liquidity out of Currenex as you can't implement micros on the Currenex.

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What's the average spread on majors you obtain on their Currenex account? I don't have experience with it but it looks like their Zero spread account (although there is 10$ commission rather than 8). Zero spread matches scalpers also, I have a lengthy scalping background on it https://www.forexforum.co.za/attachments/1526432353.png

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quote What's the average spread on majors you get on their Currenex account? I don't have experience with it but it seems like their Zero spread account (though there's 10$ commission rather than 8). Zero spread matches scalpers also, I've a lengthy scalping background on it https://www.forexforum.co.za/attachments/1526432353.png

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Do you recommend HF for scalping?

Well, as 95% of traders lose becoming a person who gives broker recommendation looks not very tempting for me personally https://www.forexforum.co.za/attachments/1526432353.png
Rather I can clarify my personal experience with these: very fast platform, smallest spreads around, run two EA's (one Grid EA out of FF) and both showed surprisingly low aggregate transaction expenses. Although I can't claim this broker is greatest and fits the bill for every trading egy. Do your own due diligence

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Well, as 95% of traders lose being a person who offers broker recommendation looks not quite tempting for me personally https://www.forexforum.co.za/attachments/1526432353.png Instead I can describe my personal experience together: very quick platform, smallest spreads around, run two EA's (just one Grid EA from FF) and showed surprisingly low aggregate transaction costs. Though I can not claim this broker is best and fits the bill for every single trading egy. Do your own due diligence

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Thats why everytime I give my opinion about a broker I place at least one screenshot of my withdrawals https://www.forexforum.co.za/attachments/1526432353.png http://www.photoshar.in/hotforex-multiple-withdrawals

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quote Thats why everytime I give my opinion about a broker I post at least one screenshot of my withdrawals https://www.forexforum.co.za/attachments/1526432353.png http://www.photoshar.in/hotforex-multiple-withdrawals

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Well, good job but its not around refunds though. Despite your withdrawal proofs newbies can wipe out their deposit and blame broker, blame the guy who counseled them to participate to the bucketshop, etc..
In 90-95% instances inappropriate risk management is the reason for why newbies lose so fast.

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quote Thats why everytime I give my opinion regarding a broker I post a minumum of one screenshot of my withdrawals https://www.forexforum.co.za/attachments/1526432353.png http://www.photoshar.in/hotforex-multiple-withdrawals

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Really good job, not too much but once withdrawal a month is quite sufficient for FX. What is your main trading egy?

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quote Really very good job, not too much but once withdrawal a month is quite enough for forex. What is your trading egy?

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He should be competitive news trader. Too regular withdrawal I guess with low 1-2K balance. Good egy to maintain trading profitable that I guess.

Can I trade Gold Inventories with HotForex?

Yeah, you can check it out here https://www.hotforex.com/hf/en/tradi...ls-metals.html, right now im short on gold (xauusd) at 1227 in hopes to ch a fast buck before the NY market opens in a couple of hours. best of luck

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Could I Exchange Gold futures with HotForex?

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Guess only CFD's. Hotforex doesn't offer futures but CFD's are basically the same.

I fulfilled the worlds dreadful live chat representative in hotforex now please look at the foolish replies they gave me.

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General Info
Chat start time Mar 9, 2016 12:31:03 AM EST
Chat end time Mar 9, 2016 12:57:13 AM EST
Duration (real chatting period) 00:26:10
Operator PAMM Support

Chat Transcript
info: Welcome to HotForex Live Chat. Thank you. An operator will be with you.
Advice: You are now chatting with 'PAMM Support'
PAMM Support: Hello
Me: Hello
PAMM Support: How may I assist you?
Me: https://v2pamm.hotforex.com/hf/en/ma...agerID=1071431
Me: every stat is wrong why?
PAMM Support: The Performance Page numbers are derived from the closed trades on the Manager Account.
PAMM Support: The numbers are not wrong, they're based on the closed trades. However, you are needed to appraise both the closed and the open positions standing of the Manager Account.
PAMM Support: Anything else that I may assist you with, ?
Me: pls wait
PAMM Support: Sure
Me: '' I looked at his trades
Me: 2015/12/29 03:53:36 2016/01/04 15:56:51 XAUUSD Buy 0.01 0 1072 1078.64 66.4 6.47 156.0h 3m 18.4857%
Me: this is his initial commerce
Me: 6.47$ was the profit.
Me: 18.4857%
Me: is showing as shift in that row
Me: this is wrong, dnt u think so?
Me: if the account balance was 1000 or 2000$ develop a 6.47$ profit transaction be showed as 18.4857% profit change
Me: and one more thing,
Me: Balance1341.12
PAMM Support: With respect to your initial query about the Profit Change, I can affirm the 18.48% is accurate.
Me: What's that correct?
Me: can u clarify?
PAMM Support: Further, because the numbers are derived from the closed trades, the drawdown is again dependent on the closed trades.
PAMM Support: I cannot provide you with the values in the Manager Account, however, the formulation for your Profit Change takes into account the closing balance and the opening balance.
Me: This is non sense, as a 6.47$ profit to get a commerce with 2000$ equilibrium account
Me: just 1 transaction a day
Me: closed
Me: maybe not another transaction is closed close to it
Me: how will it become 18 percent
PAMM Support: Just Like I said I can't give you values from someone else Manager Account and so I can't confirm whether the values you are taking into account are correct or not to your own calculations.
Me: '' stated profit change is figured according to closed trades
Me: which 6.47$ makes 18.48% change
PAMM Support: OK, what I am attempting to get at is, your premise is that the Balance was 2000 USD, it could be the opening and closing equilibrium may not be that about the Manager Account at the time that the transaction was placed/closed.
Me: there were no trades closed before
Me: this transaction
Me: this is his first commerce into account
Me: without a transaction closed for following two days too
Me: where did he buy 18.48% shift then?
Me: with 1 closed commerce
PAMM Support: But it matters to get the Opening Balance as well.
Me: its a new account
Me: pamm account can't be opened less than 500$ in hotforex
Me: what you are attempting to convince is just not correct, un fix those stats first
PAMM Support: OK, you'll find about the Manager Account that there was withdrawals completed. In case the withdrawal is completed before the transaction is started, the Balance at launch would be reduced. A Profit Change based on that value could be different.

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Even though if we presume that this trader draw his money before closing the transaction multiple occasions making seem like a 18.48% profit for a commerce closed with 6.47$ with 40$6.47 equilibrium and again depositing money.
This is cheating and should be corrected according to their pamm account min equilibrium of 500 or even 1000$.
There are also other trades in his account with 11.9$ profit showing as 28.6954% </b>two days after.
8.89$ profit in a trade showing as 14.4248% </b>profit.

So Guys be cautious about hotforex cheat where people are able to trade with as less as 50$ at which 500$ is minimum to deposit and start trading as a manager.
Very phishy...

Resembles a insect really..check the time position was available -217 dayshttps://www.forexforum.co.za/attachments/1526432353.png. Perhaps we miss another variable... Others look normal checked top of the listing calculations are correct.

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looks like a bug really..check the time position was available -217 timeshttps://www.forexforum.co.za/attachments/1526432354.jpg. Perhaps we miss some other factor... Others appear ordinary checked top of the listing calculations are correct.

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Yes its a bug I guess, there are many calculations which are mistaken. 6 profit on a 1k or 2k account doesnt match 18.48 percent change in anyway. When I say this to their pamm live chat, they just contended with me and attempted to prove they're right. What a stupidity. https://www.forexforum.co.za/attachments/1526432354.jpghttps://www.forexforum.co.za/attachments/1526432354.jpg

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quote Yes its a bug I guess, there are lots of calculations that are wrong. 6 profit on a 1k or 2k account doesnt match 18.48% alter in anyhow. While I say this to their pamm live chat, they simply contended with me and attempted to prove they're right. Exactly what a stupidity. Https://www.forexforum.co.za/attachments/1526432354.jpghttps://www.forexforum.co.za/attachments/1526432354.jpg

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One of those explanations may be that wrong stats displayed the trades when his equilibrium was 35 bucks after which he made deposit?
Consider the screenshot there is big increment in equity in January exactly when this abnormal calculations occurred https://www.forexforum.co.za/attachments/1526432354.jpg In following months, seems no mistakes. .

But I can be confused. Have you attempted to make internal Hotforex inquiry from personal cabinet?
https://www.forexforum.co.za/attachm...1920650229.jpg

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quote One of the explanations could be that wrong stats displayed the trades when his balance was 35 dollars after which he made residue? Look at the screenshot there is big increment in equity in January precisely when this strange calculations happened https://www.forexforum.co.za/attachments/1526432356.png The following months, seems no mistakes. . I, however, could be mistaken. Perhaps you have attempted to create internal Hotforex inquiry from personal cupboard? image

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First of all, to open a pamm account you can't start less than 500usd or 1000 usd. His minimal investor deposit is 1000$ then manager should also deposit 1000$. You can see his account has minute 1000$ deposit offer for clients.

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quote First of all, to open a pamm account you cannot begin less than 500usd or 1000 usd. His minimum investor deposit is 1000$ then director should also deposit 1000$. You can view his account has min 1000$ deposit offer for customers.

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Yeah then its a miscalculation I believe. And encourage seems to be didn't understand you. Lets wait if they fix it.

I have experience with hotforex. Fantastic support. ECN Foreign Exchange.

They also have many live and demo contest with really high awards, I about to win a trophy in the most recent rivalry currency wars.

Anyone wish to join : https://www.hotforex.com/?refid=165497

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I've great experience with hotforex. Fantastic support. ECN FX. They also have many live and demo contest with really high awards, I going to win a prize in the most recent rivalry currency wars. Anyone wish to join : https://www.hotforex.com/?refid=165497

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Come on man you may get banned for such BS. Advertise your affiliate links somewhere else, does not spoil spam-free picture of FF. https://www.forexforum.co.za/attachments/1526432356.png

Definitely a scam broker now they widen disperse and hit my GBPUSD buy orders on 1.4515 level, Afterward prices goes down, shame on this kind of scammers who steal peoples money.

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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 https://www.forexforum.co.za/attachments/1526432749.png weekends are generally a hassle.

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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 https://www.forexforum.co.za/attachments/1526432749.png.
Does anybody else has the same problem?

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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 https://www.forexforum.co.za/attachments/1526432749.png. Does anyone else has the exact same issue?

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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?

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Has anyone trdeded news using stop orders with hotforex? I receive reqoute from 1 min earlier 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 twice and account came to 0 https://www.forexforum.co.za/attachments/1526432749.png. Does anyone else has the same problem?

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Have you got the screenshot of the order obtained requoted? I thought you could send it to broker assistance and receive answer for it.

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quote Do you have the screenshot of this order obtained requoted? I thought it is possible to send it to broker support and get answer for it.

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It was nzd intrest rate and unfortunatly I have screenshot of the requote but I have already asked them about it and they only said we dont have requot but every single time before news they have it https://www.forexforum.co.za/attachments/1526432749.png

What's the size of candle? How many pips? If it had been cross-pair no wonder that you came across thin liquidity. Just split your position into smaller lots and work like that. Hotforex handles them flawlessly as server seems to be quite powerful.
Or alternative I'd recommend you to use their fixed spread account instead.

Good luck!

Dear All,

I'm a scalper ( not a newbie ) on main majors currency. I'm a bit puzzled between FXPro or even HotForex brokers when I see some forums remarks . I require a broker debit card and of course a stable platform. What are your recommendations or advise's ?

Thanks in advance for your input signal.

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Dear All, I'm a scalper ( not a newbie ) on primary majors currency. I'm somewhat puzzled between FXPro or even HotForex brokers when I see some forums comments . I require a broker debit card and of course a secure platform. What are your recommendations or advise's ? Thanks in advance for your input signal.

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I am a scalper also and have been trading using HF because a bit time. Sounds great to me so far... No experience using Fxpro.

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Dear All, I am a scalper ( not a newbie ) on primary majors currency. I am somewhat puzzled between FXPro or HotForex brokers when I see some forums comments . I require a broker debit card and of course a stable platform. Which are your recommendations and/or counsel's ? Thanks in advance for your inputs.

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I could be mistaken but FxPro doesn't provide debit card for quick withdrawals but HF does. They absolutely apt for scalping, but news implementation on Hotforex appears better for me personally 1-3 lots while FXPro matches with adequate slippage that which can be very annoying, if you are avid NFP trader https://www.forexforum.co.za/attachments/1526432749.png
Thus do your own due diligence conduct micros from brokers and expect your pips gont be green https://www.forexforum.co.za/attachments/1526432749.png

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quote I can be mistaken but FxPro does not offer debit card for quick withdrawals but HF does. They both absolutely apt for scalping, but news implementation on Hotforex seems better for me on 1-3 lots while FXPro matches with adequate slippage that which can be quite annoying, if you are enthusiastic NFP trader https://www.forexforum.co.za/attachments/1526432749.png So do your own due diligence run micros from both brokers and expect that your pips gonna be green https://www.forexforum.co.za/attachments/1526432749.png

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Thanks You ! Your inputs are valued. Can you run VIP account in HF ? I want very small spreads. .

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quote Thank You ! Your inputs are valued. Do you conduct VIP account ? I need spreads. .

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I was always very impressed with Hotforex spreads, I'm usually getting less than One pip on EU, here is dwell screenshot = http://www.photoshar.in/hotforex-eu-mt4spread

So yeah I would def choose them over Fxpro

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quote I was always very impressed by Hotforex spreads, I am usually getting less than 1 pip on EU, here's dwell screenshot = http://www.photoshar.in/hotforex-eu-mt4spread So yeah I'd def pick them Fxpro

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What sort of account are you trading?

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quote I was always quite impressed by Hotforex spreads, I am usually getting less than 1 pip on EU, here is live screenshot = http://www.photoshar.in/hotforex-eu-mt4spread So yeah I would def choose them Fxpro

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And commission/lot ?

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quote And commission/lot ?

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Its 8 round-turn for majors and some more for crosses and exotics

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quote Thank You ! Your inputs are valued. Do you conduct VIP account in HF ? I need very small spreads. .

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You need to keep 50K equity to conduct their VIP account, I am fine keeping 8-10K with them. I had really pleased to understand experience from a trader who use their VIP account. .

Zero acount :

Majors :
AUDUSD - EURUSD - EURJPY - GBPJPY - GBPUSD - USDCHF - USDJPY
USD: $4 per 100,000 traded ($8 round-turn) / EUR: ? 3 per 100,000 traded (? 6 round-turn) on Majors



Others :
AUDCAD - AUDCHF - AUDJPY - AUDNZD - CADCHF - CADJPY - CHFJPY - EURNOK - EURNZD - EURPLN - EURON - EURAUD - EURCAD - EURCHF - EURDKK - EURGBP - EURHUF - GBPAUD - GBPCAD - GBPCHF - GBPNZD - NZDCAD - NZDCHF - NZDJPY - NZDUSD - USDCAD - USDCNH - USDCZK - USDDKK - USDHKD - USDHUF - USDNOK USDPLN - USDRON - USDRUB - USDSEK - USDSGD - USDTRY - USDZAR - ZARJPY
USD: $6 per 100,000 traded ($12 round-turn) / EUR: ? 4 per 100,000 traded (? 8 round-turn) on Others

Im analyzing one zero acount I could say that Hotoforex is a severe broker, miracles dont exist.

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quote You've got to maintain 50K equity to run their VIP account, I am fine keeping 8-10K together. I had really pleased to know experience from a trader using their VIP account. .

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Can Vip account just require 20k deposit?

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quote Can Vip account just need 20k deposit?

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Appears they even reduced threshold to 10K https://www.hotforex.com/hf/en/accou...p-account.html
Will try it in 3-4 months and attempt to let you know how it's to become VIP traderhttps://www.forexforum.co.za/attachments/1526432749.png

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Dear All, I'm a scalper ( not a newbie ) on main majors currency. I'm a bit puzzled between FXPro or HotForex brokers when I see some forums remarks . I need a broker debit card and of course a stable platform. Which are your recommendations or counsel's ? Thanks in advance for your input signal.

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May I ask what to get a debit card is required?

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quote May I ask what to get a debit card is required?

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You need to go confirmed by your broker and you can order it I guess. Its a process that is normal.