HOT FOREX

fahad khan

Private, 1st Class
Messages
33
Dear iam trading with hot Forex around almost 2 years as an Introduce Broker and having my trading accounts under that Ib one of my account # 1182097 i made huge profits with hotforex , on 23 November 2018 my account was disabled by the company and was told that system has deduted some prohibited trading in it when was later ask by me to closed all my open position to further proceed,i close all my open positions around 3500$ negative and my Equity at that time was 40355$ , then they email me that another 5927$ will be deducted from my account and was told me from (Mr. Sohail Hotforex Asia Representative )that it was a liquidity provider issue there wasn,t any prohibited trading was done from your end and and my account will be enabled in 1 to 2 hours which got enabled but they remove 16062$ from my account and for me the excel sheet calculating the amount and informed me that previous figure 5927$ was told by mistake , what i want from them is the clear prove of evidence that shows that i was engaged in prohibited trading if not then kindly return my 16062$ back which they are not giving it
 

FxMaster

Lt. Colonel
Messages
9,556
Dear iam trading with hot Forex around almost 2 years as an Introduce Broker and having my trading accounts under that Ib one of my account # 1182097 i made huge profits with hotforex , on 23 November 2018 my account was disabled by the company and was told that system has deduted some prohibited trading in it when was later ask by me to closed all my open position to further proceed,i close all my open positions around 3500$ negative and my Equity at that time was 40355$ , then they email me that another 5927$ will be deducted from my account and was told me from (Mr. Sohail Hotforex Asia Representative )that it was a liquidity provider issue there wasn,t any prohibited trading was done from your end and and my account will be enabled in 1 to 2 hours which got enabled but they remove 16062$ from my account and for me the excel sheet calculating the amount and informed me that previous figure 5927$ was told by mistake , what i want from them is the clear prove of evidence that shows that i was engaged in prohibited trading if not then kindly return my 16062$ back which they are not giving it
They got the live chat, go ahead and talk with them regarding your issue and also invite them to this thread.
 

FmrBrokerExecutive

Master Sergeant
Messages
260
It's honestly better to email brokers.
Chat/phone reps are not going to be able to help with advanced matters like this.
They tend to provide basic support.
When you "invite a chat rep" to the forum they won't even know what you mean.
Contact their legal / back office from the emails on the brokerage's website.

Good luck.
 

The Reaper of F

Sergeant
Messages
198
At first look into their regulations, you should by far know what you are getting yourself into.
Link: https://www.hotforex.com/sv/en/about-us/regulatory-environment.html
Secondly, their reasonings for your issue is beyond my understanding. How can someone changes mind so quickly to mention anything about their liquidity providers issue and reverting it back to other issues at hand? It was clear that they are looking for reasons to cover up the shady dealings behind the scenes.
Third, if you ever did win back the profits, it'll be hard to withdraw, since they're playing tricks with you. Know your worth and move on from here on. That's my advice to you.
 

fahad khan

Private, 1st Class
Messages
33
DEAR FPA and other Followers, it has been since 2 years fighting for my money back from hotforex and they closed the case stating that they consider it case closed they have fraudulently remove around 22000$ from my trading account, telling me that my account was mark illegal activity which they never prove and when i forced them they told me that it was their liquidity provider issue not mine but instead of that they make me bear all the losses so who ever following hot forex Specially from Pakistan Withdrawal your money from this broker because if you ever have a disputed they wont take you to the regulator and the regulation they are giving for Pakistan customer doesn,t help for a single dollar.I dare Hotforex to take me to FCA for this case if iam wrong let the strong regulator decide who is right but they wont and they are also involved in money laundering in terms of local deposit in Pakistan.i urged FPA to look into this matter and if there is any company representative tag him and ask them to prove me wrong, because i prove it in 15 minutes that they are wrong.below is the attched pictures of my one email there are many more conversation email regarding the issue with hotforex.

HOTFOREX SCAM BROKER !!!
 

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4evermaat

2nd Lieutenant
Messages
1,980
--> why are you using camera phone instead of bandicam / thundersoft screen recorders? Or even Jing has free screenshot program (but bandicam/thundersoft have record ability also).

--> can you summarize how much total deposits you made with HotForex,
how much total profit (from trading)
how much total commissions (from IB)
how much total withdrawals have you successfully completed?

--> Two years you didn't come forward to the regulator? or FPA? what are you waiting for?

--> https://www.forexpeacearmy.com/community/threads/hot-forex.58314/ you already have a thread here. Why did you start a new thread?

@FPA Forums Team how do you want to handle the threads?

--------------------------------------------

Next steps:

--> Can you login to the trading platform from your desktop and submit the full account history statement? Use this tutorial: https://www.forexpeacearmy.com/comm...ccount-trade-history-statements-part-1.63543/

Also get all screenshots / video evidence of your account that you can (bandicam / thundersoft screen recorders).

This would possibly include any relevant live chat/email conversation. Or your broker account backoffice (cabinet/client account management panel).

--> If you have any credit cards on file with the alleged scammer (or any payment method that may be compromised), you may consider at least placing a temporary block on the card (or changing the payment pin/ID. This may prevent any further losses.

--> Have you written a review of the company? https://www.forexpeacearmy.com/forex-reviews/6884/hotforex-forex-brokers?per-page=50

--> familiarize yourself with FPA's Traders court rules: https://www.forexpeacearmy.com/community/threads/new-traders-court.58022/

--> after 96 hours, you may formally invite the company here: https://www.forexpeacearmy.com/comm...how-to-invite-a-company-to-your-thread.58438/

--> Do NOT abandon this thread. Every week, check back to report any updates from the company and/or respond to any unanswered inquiries.

------

Please complete all missing steps as soon as possible.
 
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