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HotForex.com

Discussion in 'Forex Brokers' started by Administrator, Jul 30, 2010.

  1. Richalok

    Richalok Recruit

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    i am trading with them.. and was deposited 4000$.Deposited with Liberty reserve .and not able to withdraw my funds...they saying i have no balance in my account ... I have not made any trade. Hows that possible ?? Big scam
     
    #21 Richalok, Jan 6, 2012
    Last edited: Jan 6, 2012
  2. Leunammj

    Leunammj Recruit

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    I started out using binary option eToro, i was gaining at first, but soon witness my downfall as it seemed like a casino to me, easy come easy go.

    I google and research a lot, and come upon names like dukascopy, tradingpoint, instaforex, liteforex, ecmarkets, avafx and many on. Until i stopped on FPA and earnforex, and many top forex review sites and testimonial/ feedback given.


    I was first drawn to hotforex's 50% bonus; just like usual, the account registration takes a little time until the deposit and such, as i was looking for a PAMM account. So many websites, with their regulation/requirements and etc, spreads, hotforex was really attractive. I see a number of complains regarding to lag and technical issue but i decided to give i a try.

    The support team is really nice such as mona and louise, they are friendly and efficient, your emails to their backoffice or pamm team are really done quite neat during their operating hours in london market time. And they get to you like immediately if possible with their livechat.


    From my 2 months with HotForex now, this is the broker that i favored ! and loved. simply because; trader don't need fanciful or too many information website like instaforex and such, the layout, design everything must be kept simple. the low minimum account size should be affordable for casual trader.


    So far HotForex has been really nice, their slippage is normal, lite forex has more spread compared to HotForex, although liteforex has really alot of indices and pairs and exotic ones. But hotForex catered to what i need. A simple MT4, and iphone and andriod application.


    I really think professional trader should look at hotforex, if you are too worried about execution, then set tp and orders. So far my TP and orders are in place with the market.
     
  3. lex7775

    lex7775 Banned

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    whaaaaaat ?
     
  4. Zlate

    Zlate Recruit

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    My issue resolved today. Dominic called me by phone and i can trade again with them.
     
  5. Melawai15

    Melawai15 Recruit

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    I have been trading with Hot Forex since June 2011 (more than 6 months and almost USD 3.000 deposit).
    At the beginning (early 3 month) they showed awesome performance : platform (MT4), support, deposit/withdraw, bonus, etc BUT after 3 month they same problem appeared consistently : MT4 freeze, unable to login live (demo ok), my live account didnt recognized by system (invalid account error). This occurred more than 5 times in total. I emailed the support then the next day they replied sound nicely, after the problem solved, several day later the same problem come again.
    Whatever they do with the server if it affected to trading platform/system it will hit us with loss even MC.

    If Hot Forex not resolve the problem soon, they will lost their loyal customer and new customer should think thousand times before joining.
     
  6. DevTrader

    DevTrader Private, 1st Class

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    HoT FOREX is SCAM.

    SCAMMER

    You don't find a problem till 6 or 8 months.But after that period your real trouble starts in the way of wrong excution/Stop out.
    Most important point I want to highlight is that they will dont credit your deposit by saying that "They don't received the fund". In my caes I deposit $800 through VISA and I have proof of it but they are not ready to accept it and keep saying they dont receive my fund.
    Still I have not reveive my fund in trading account nor my bank account.They are sacmmer and I know that they will not credit my account

    After this incident I search on this site and found that I am not the only person who lost money.I found several other INDIANS who lost lots of USD in this scam.Please don't trap in this broker
    I am still fighting with them for money and will update you on this
     
  7. DevTrader

    DevTrader Private, 1st Class

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    Hello,

    Matter has been resolved between us.Hotforex is genuine broker and trustworthy.
    I request you to please avoid my earlier review.
    Thanks
     
  8. Rajivxxx

    Rajivxxx Recruit

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    Let me explain about their "Bonus 50%"
    Let you deposit 1000$ with that 50% bonus your account shown as 1500$,OK
    now after that you loose your initial deposit = 1000$ ,now they also left 500$ from that account. you can not trade with their own money. that why they can generate a FAKE margin call.
    But with his Scam advertisement many NEW traders ,open account with smile and lost every thing with sad smile due to this type of phishing bonus.
     
    mad19711971 likes this.
  9. DevTrader

    DevTrader Private, 1st Class

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    HOTFOREX is Big SCAM.

    To prove my word just check their registration number on List of Investment Dealers and Representatives of Investment Dealer - Last Updated 22 June 2011.
    They have uploaded their fake certificate saying that they are registed with FSC MAURITIUS. I even got confirmation from FSC Mauritius stating that they don't have such registration number.

    Traders please be aware of Online Forex Brokers - Hot Forex -.

    Now Let me explain why I come to FPA because they I am the victim of this scam two time.

    1. Withdrawal : on 29.02.2012 I have balance of $1700 and i sent them withdrawal request of $1380.To avoid this request they open position without my knowledge and permission which make make my balance zero.When in the evening i login to my account for trade .I was shocked when i saw my account zero.When I contact them they don't even reply of it.My ticket number for this case is 440942.They eat all my balance.This is clear case of FRAUD.Be aware don't open any account with them and if you have any then try to close it or put minimum amount with them because sooner or later they will make it zero.
    I have account with them since Aug-11.So you can imagine after how much month they start their scam with me.In nov-11 i found same problem with them but at that time i neglect it as Loss is only $50.I wish i should understand this alarm at that time.

    2.Deposit :In my previous review I already mention my problem with deposit.They don't credit my account and say that they don't receive my money.After so much chatting and emailing them.and with the help of FPA.I got my money in my account.

    Traders please beware of George who claim manager of Hotforex,Mona,Dominic,Louise,Lynn,Sarah.....list is endless..they are big crooks.

    I already sent a mail to all Maritius brokers and FSC too.I will update you once i got some revert from them.You can reach me for more information on devangsurti@hotmail.com

    Lets Fight Against SCAM
     
    mad19711971 likes this.
  10. Rajivxxx

    Rajivxxx Recruit

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    This is my chat with them for "Devang, Ahmedabad, India" issue
    See also, they does not care even FPA site to replying here
    1. 2. 3.
     
: hotforex

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