HotForex.com

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1.0

Today I tried to login into my account on MT4 says acocunt disbaked meanwhile my account is verified and I have been trading on it for months please fix this for me hot forex
I already sent you an email

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1.0

I used Hotforex last year to manage accounts.

I moved to Abu Dhabi that’s why i have to withdraw my account.

When i withdrew my money, there was a huge discrepancy in the amount i received compared to what i was supposed to get. I lost almost 30% of what i have invested.

When i asked their customer service, they just said that intermediary banks might charge us fees. I doubt if they will charge that high fees.

Please help me resolve this.

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5.0

I will say that I have started my trading career with this broker and its being two and a half years now since I am trading with hotforex. I started with opening demo account and learned how the markets work. Further I move on to micro account where I noticed good spreads and the leverage was also reasonable. After trading for more than a year with micro and demo I moved to their regular account. The time passed too quickly however I really wonder that choosing broker like this was a good decision. I had learned a lot as well earned too with this broker. In my opinion they are the best place to start forex trading.

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News trading on retail platform is possible!
5.0

Has been trading on gold recently as it reacts sharply to the US economic reports such as Non-Farm Payrolls, CPI, PCE. My strategy is simple and includes news straddle, the main requirement is platform responsiveness, good liquidity and type spreads. Hotforex appeared to fit the bill in all this aspects. It was a quick and easy profit as I was lucky to wrangle the whipsaws very common for high-impact economic events. Using one lot was a right decision with 1:500 leverage augmenting my buying power. In average from a single news trade there is $300 in my pocket.
Nevertheless, news trading is extremely risk trading style and I’d advice newbies to learn pre-trade sentiments as a requirement to place trades correctly. Withdrawals are going without any problems so its nice to see news trading is still alive and has money-making potential despite all gloom from trading community surrounding it.

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Totally unreliable, unprofessional and scammers...
1.0

The worst! Totally unreliable! Just beware, DON’T EVER EVER try them or trust them. You will do the mistake of your life if deposited a single dollar with them. They scammers, have the worst customer service ever, they disable their terminal during high impact news. They disable some currency pairs as well. They have strange policy about where you should place your SL or even TP.

I had an open position on USDTRY and that was on the first 1 hour of the Asian session on Monday, Could see that the pair is moving against me so i wanted to close the trade early but the pair were disabled by them. It took me 1 and half hour to move my SL. I just get the sound of the MT4 when you are trying to move your SL or TP when the market is closed during the weekend. When i contacted their customer service they arrogantly said that the liquidity is thin at the moment. I laughed actually, as what liquidity has to do with moving my SL anywhere? They asked me to email their shitty back office. I did, and they answered me saying “The market is sleeping at the moment”.

Not to mention how slow is the execution is, how big the spread are despite the fact that i chose their so called ZERO account.

The bottom line is, Don’t ever fall in this trap, they are literally scammers and unreliable.

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4.0

good day every one, just want to share my thoughts regarding my 8th month trading a live account with this broker, initially started in January this year after a had to pull out my funds from my previous which is not even worth mentioning anymore.
over all, the broker delivers good in terms of execution and its pretty noticeable the stability of the platform, spreads are not my favorite though it can be labeled as competitive never the less. Today would mark the day I got my ROI back from hotforex and i cant be more pleased. though in my opinion there can be room for improvement given that the forex industry in general is on rapid change, but thats just me.

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A good broker to trade
4.0

This would be my 3th withdrawal in 6 months, and it was processed as usual, in my 6 months trading a couple of things to be noted, services provided are good, the live trading environment it manageable, fast response from the platform, spreads are acceptable on cable and e/u. Though they offer different accounts yet i simply sticked to standard ones and its doing fine.

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1.0

Until thursday 3 august, I had a Previous Ledger Balance or $ 913,48. On thursday I was winning big, almost $ 1700. At 2.25pm (swiss time) they stopped all my trades. My account was blown down to $ 5,10!! I was away and checked the account only in the evening. I was shocked and wrote an email for clarifications. Here their awful reply:
“Dear Client,
Thank you for your email.
Kindly note that after investigating your request, we have concluded that your Trading Account 2008024 was correctly stopped out due to the market moving against you”.
They are scammers, as in effect they stole my money. I just want to see if they will reply. STAY AWAY. Needless to say I can change my review if they give me back my money, but they won’t.

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