HOTFOREX, XM or TICKMILL- Help me to decide.

saqqa1

Recruit
Messages
2
Hi guys.
Can you help me out.
I have a small account of around 100usd.
Looking for a good broker (less commision, tight apreads)
As per what i see, i liked these-
Hotforex
XM (Although i noticed their spreads seems too high i dunno why)
TICKMIL (Their spreads are reasonable only their deposit min. Is 100usd)

What do you suggest ?
 

WhistleBlower

Recruit
Messages
9
Hi
Let me share my experience with Hotforex (HF) and hopefully this will help you to decide.
Firstly I do not trade with XM & Tickmil and therefore cannot provide comments about them.
But I have used Hotforex and below are my comments.
1. Always at crucial moment, HF took a very long time (more than 1 to 3 hours) to process credit card deposit.
2. This have happen 3 times which I have brought this matter to the attention to the account manager as well as the management.
3. They simply do not address nor give a good explanation why this situation is happening again.
4. It is very difficult to get in touch with HF staff during crucial moment.
5. The live chat agent is just a postbox that serve as a middle man between the HF back end staff. So getting answer from live chat is a challenge. In the end, the live chat agent will simply ask that an email being sent to HF mailbox.
6. HF is very tardy (that is very slow) in responding to client's query + emails. Even call to direct line to account manager is not answered till 3 hours later.
7. So the above incidents show that should your positions be stopped out due to margin call resulting from the tardiness of HF in processing the deposit, it will be to your disadvantage and I am very sure HF will shift the blame to you for not managing your account.
8. This is exactly what the account manager has shifted the blame to me for the recent incident 3 days ago. The latest incident took HF more than 1 hour to finally process credit card. And the account manager responded 1 hour later.
9. I am now waiting for the market to move in my favor to close all positions with HF.
10. And I have yet to withdraw money from HF which I hope will not be another challenge.
Thanks
 

Leeminho

Recruit
Messages
12
Hi guys.
Can you help me out.
I have a small account of around 100usd.
Looking for a good broker (less commision, tight apreads)
As per what i see, i liked these-
Hotforex
XM (Although i noticed their spreads seems too high i dunno why)
TICKMIL (Their spreads are reasonable only their deposit min. Is 100usd)

What do you suggest ?
I prefer HotForex and XM, both are really genuine and popular in my country (and region). Because your account fund is small so it doesn't matter for experiencing at both those brokers.
 

stevevasquez

Recruit
Messages
11
If you are looking for a broker with low spread on a large marketplace, you must learn to know the difference between them along with the platforms they are providing you with.

Compare the trading the costs involved, charts, security before opting for a platform. From my experience, I would suggest you to try Hotforex, FXview or XM by creating a demo account. I generally trade using more than one broker for better outcomes and understanding.
 

bigdolly

2nd Lieutenant
Messages
1,007
Hi guys.
Can you help me out.
I have a small account of around 100usd.
Looking for a good broker (less commision, tight apreads)
As per what i see, i liked these-
Hotforex
XM (Although i noticed their spreads seems too high i dunno why)
TICKMIL (Their spreads are reasonable only their deposit min. Is 100usd)

What do you suggest ?
Tickmill and Hotforex are great brokers, been using them for 5 years. Also what I like about them is that they have FCA license which gives additional credibility to them. It is not easy to get FCA license and shady brokers won't go for that.
 

Kenny soh

Recruit
Messages
8
If last time yes I will suggest hotforex. But now not anymore. Their withdrawal Sept is giving bad service. They not gonna solve your issue when money get stuck.
 

Kenny soh

Recruit
Messages
8
Their withdrawal dept is giving bad service. Not going to support if they continue this type attitude.
 
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