HotForex Scam

pax4patel

Private
Messages
15
Hello friends, I associated with hotforex from last 3 years.....i earn sufficient amount from HFMarket...just because of good relationship with HFMarket i deposit 1.1 Million USD in December 2016.

But still they are not showing me my deposit in my wallet account and now the support department of HFMarket told me that they don't know about this. I Mailed them almost 5- 6 times on support@hotforex.com as well as on backoffice@hotforex.com.

Due to illegal activities and fake transactions the representative of India (Mr. Mohit Rewari) facing some issues here and close their two offices located in India.

They collect the funds on the name of "HF Education PVT. LTD." from India. Now Government of India will take action on HF Market which is located in Cyprus and ask them with whose permission they run their business in India. At the end of result may be CySEC will cancel the certificate and many more things can be happened.
 

FxMaster

Lt. Colonel
Messages
9,987
Hello friends, I associated with hotforex from last 3 years.....i earn sufficient amount from HFMarket...just because of good relationship with HFMarket i deposit 1.1 Million USD in December 2016.

But still they are not showing me my deposit in my wallet account and now the support department of HFMarket told me that they don't know about this. I Mailed them almost 5- 6 times on support@hotforex.com as well as on backoffice@hotforex.com.

Due to illegal activities and fake transactions the representative of India (Mr. Mohit Rewari) facing some issues here and close their two offices located in India.

They collect the funds on the name of "HF Education PVT. LTD." from India. Now Government of India will take action on HF Market which is located in Cyprus and ask them with whose permission they run their business in India. At the end of result may be CySEC will cancel the certificate and many more things can be happened.
I left few questions in brokers section thread for you. Asking the same questions here.
You have Indian Number so I assume that you are from India, I read about RBI Rules on Forex. So my question is how you deposited 1.1M$ with a broker?
And another question is how you deposited the money?
As I know bank wire is not possible for any forex broker with that much money for Indians.

And by your message its seems that they did not receive the money.

What about that local guy who made you deposit and you deposited to your account or some other Accout?

And you sent invitation to join this thread already?
 

4evermaat

2nd Lieutenant
Messages
2,056
That's a LOT of money. Have you considered getting a lawyer to check into this? .......

Indeed. After reading OP's FPA review, it seems like they caught a big fish and then cut/run. Any reason why you did not use a Prime of Prime like LMAX with such a large deposit sum?

Did you get any receipt when you made the deposit? Any photos or video of where you make deposit?

In any case, the FPA traders court case should be interesting.
 
Last edited:

pax4patel

Private
Messages
15
I left few questions in brokers section thread for you. Asking the same questions here.
You have Indian Number so I assume that you are from India, I read about RBI Rules on Forex. So my question is how you deposited 1.1M$ with a broker?
And another question is how you deposited the money?
As I know bank wire is not possible for any forex broker with that much money for Indians.

And by your message its seems that they did not receive the money.

What about that local guy who made you deposit and you deposited to your account or some other Accout?

And you sent invitation to join this thread already?
Sorry for my late reply sir....As i new on this website so please forgive me.
(1) I deposit my money in 5 installment as a cash @ HotForex's office located in Ahmedabad, Gujarat, India.

(2) The whole money is not mine. but i have few big investors who wants to invest their money.
 

FxMaster

Lt. Colonel
Messages
9,987
Sorry for my late reply sir....As i new on this website so please forgive me.
(1) I deposit my money in 5 installment as a cash @ HotForex's office located in Ahmedabad, Gujarat, India.

(2) The whole money is not mine. but i have few big investors who wants to invest their money.
1.1M Cash deposit?
Still, I can't get how you deposit that much money without any proof to anyone?
Did you saw those deposit in hotforex account at the time of the first installment?
Your money really deposited to your hotforex account?
Do you still touch with that local guy?
Share name and number of that local office to aware other too.
 

4evermaat

2nd Lieutenant
Messages
2,056
Sorry for my late reply sir....As i new on this website so please forgive me.
(1) I deposit my money in 5 installment as a cash @ HotForex's office located in Ahmedabad, Gujarat, India.

(2) The whole money is not mine. but i have few big investors who wants to invest their money.

1.1M Cash deposit?
Still, I can't get how you deposit that much money without any proof to anyone?
Did you saw those deposit in hotforex account at the time of the first installment?
Your money really deposited to your hotforex account?
Do you still touch with that local guy?
Share name and number of that local office to aware other too.

I also have some question similar to @FxMaster:

  1. Do you have any photo or video of the office where you go to deposit funds?
  2. Was the deposit installment done on the same day, or different days? Can you provide the dates for each installment?
  3. Do you have transaction receipt for each deposit installment? Can you upload screenshot of the scan (or take quality photo from camera phone).
  4. Were there other people in the office at the time of the deposit? Do you remember their names or anything unique about them?
  5. Did you do any trading from the first deposit installment? Did you see the funds appear in your hotforex mt4 acct?
  6. You said in OP that you had good relationship with HotForex before the 1.1M deposit. How much money had you deposited before this? How much were you able to withdraw?
 

Pharaoh

Colonel
Messages
20,013
Can you provide me the details of lawyer ?

I see the problem. The lawyer only had his websites under his username to the left of his press release, but that's been fixed. You can find him at CarmonLaw.com and CombatScam.com
 
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