Ed_Forex revealing hotforex new discovered scam
do you have a copy of the older T&C for us to compare with?
thanks!
Days passing, scammer hotforex wasting time, and am discovering new hotforex scams.
scammer hotforex revealed its cheat by its own hand.
In hotforex bonus policy that was changed in August 2014, scammer hotforex not only reveal its disgrace in changing its policy points but also assures the contradiction within its own policy, just as scam companies do, always adding 2 points that one contradict the other, to use later on against clients.
Ed_Forex revealing hotforex new discovered scam:
hotforex last changed bonus policy:
Point 17:
17. Unless all requirements of the program are met, you can withdraw no more than your
original deposit plus profits (or minus losses) at any time. Once the original deposit is
removed, the bonus is lost. If a part of the original deposit is withdrawn the bonus is
removed on a pro rata basis, therefore there will be a partial bonus removal. Each
withdrawal is subject of bonus removal as per calculation in point 15.
This sentence: "Each withdrawal is subject of bonus removal as per calculation in point 15 " ""underlined"" by hotforex in the bonus policy pdf, to approve on it to be an added sentence in the new changed policy.
What point 15 says:
15. When a Client makes a withdrawal from their account, they will be subject to a
proportionate removal of the bonus amount awarded. The formula used by the system
regarding Bonus Removals following a withdrawal request is: WITHDRAWAL AMOUNT X
1 (100%). For example: If a Client withdraws 100 USD from their account, 100 USD will
be deducted automatically from the 100% bonus amount that had been previously
claimed and awarded.
The whole world people viewing this thread and reading the above clearly discover hotforex scam in not just adding sentences and changing its policy but also adding points that contradict other point in its policy.
Point 15 says a thing and point 17 contradicts it.
Before the change in adding "Each withdrawal is subject of bonus removal as per calculation in point 15." and others.
hotforex clients(like me) were withdrawing profits without any bonus removed from account when deposited amount is not withdrawn but only profits.
This happened when the Point 15 and Point 17 existed without the added underlined sentence.
So, hotforex already had 2 contradicting points in its policy, because what is the reason for point 15 when point 17 exist !?
The reason is clear, to use one of it when necessary to scam clients.
Even after the addition of the underlined sentence, what is the reason of keeping both point 15 and 17 in hotforex bonus policy??!!
Same reason of using any of it as hotforex had and still doing in all its policies to deceive and cheat clients when necessary.
hotforex changed its policy and from the points added was "Each withdrawal is subject of bonus removal as per calculation in point 15."
because scammer hotforex found that clients withdrawing profits limits hotforex control of scamming clients money, while when hotforex changed the policy to for every withdraw amount even if its profits not deposits, the same amount will be withdrawn from bonus, by this scammer hotforex had bet that clients may think hundred times before withdrawing any money, not even profits.
And, in this way, scammer hotforex bet on more greedy of clients in using higher margin and lots to open positions that results in more loss that is the best dream, wish and hope of hotforex as a market maker trading against clients.