Hotforex

[14021982]

Hi guys,

Im new to the forum here, have traded mainly commodities for about 5 years and am now living in Italy and
have been trading with Hotforex on demo for about 3 months now.
Technical side is excellent and support is great - no issues. Have had some slow executions but generally
they execute ok compared to my other brokers so no complaints there.

However, I am looking at going live with them at the end of the month with a large investment.

The key thing I look for in broker choice regardless of spread, commission, bonuses, etc..is always
security of funds, and primarily ease and guarantee of withdrawal.

Has anyone had any experience either negative or positive withdrawing large sums of money from this broker? For example with funds in excess of 20k?

Thanks all and love the site. keep it up.

[DrPepperJunkie]

Hey,

I have been using them from US for a few months now. I have not made a withdrawl, but just ordered and receieved their prepaid debit card, so I can instantly withdraw funds from my account. I will let you know how it works out.

Their service is fine, dont be tricked into their 50% deposit bonus, it takes a lot of trading to get it to release and encourages you to overtrade.

You can also email them and have them adjust the leverage on your account. For me the 1:300 is too tempting. It beats the 1:50 in US, and gives you all the leverage you need but I limit it to 1:200.

[jingoy]

I'm trading with hotforex for months now, been depositing and withdrawing like crazy but never had any issues, though Im from southeast asia, the largest I've withdrawn is like 1k, but I know someone who has like this sizable account and he never had any complaints. and welcome to babypips

[taohai]

I was trading with the leverage of 200:1 before when my account amount is under USD8000. I asked for the leverage adjusted to 100:1 when I earned some money and the balance is over USD8000. trading is similar as before and no big issues. for withdrawal, I don't think there would be any problem, you should notice whether there will be some limit on your 3rd party payment gateway. like I had some limit problem with Moneybookers so I need to keep the balance in my Moneybookers for a certain time. however, this is no big deal. the most important thing is that you need to make some money.

[mohandcherif]

Hi,

thanks for sharing the information, I am trading with them too and I must say that I really feel my funds secured, in addition they have got one of the safest withdrawal systems, its manual yes, but its really safe, if you send the request before 9 am (gmt) you will get the money the same day, and about large amounts withdrawals, I cant help you much because I have never tried to withdraw 20K but ... I believe there are no issues.

[tradingshed]

Hi,

I have updated all my MT4s with several brokers. I have noticed that while all other brokers have updated to v4.19, Hot Forex has only updated to v4.18 which, I believe, still has issues with many EAs. Has anyone managed to update to v4.19?

[taohai]

Hi,

I have updated all my MT4s with several brokers. I have noticed that while all other brokers have updated to v4.19, Hot Forex has only updated to v4.18 which, I believe, still has issues with many EAs. Has anyone managed to update to v4.19?

I just checked it. Mine had been updated successfully to v.4.19 last week and there is no issue. I guess you can ask the support to check out.

[tradingshed]

I have managed to update live accounts to v4.19 (only demos are offered to v4.19, live accounts are still only updated to v4.18). Still, all versons above 4.09 have many issues with several EAs and are causing broker disconnections often. I have rolled back to v4.09, the last stable known version. Cheers

[Vaibhav Sinha]

May be you already invested money I am late here to suggest you about the large amount, They are good for large amount investment, but my advice is before you may take this step do more research on it,,, Best of luck

[BinaryOptionsBoss]

I tried them awhile back and while I didn't really have any complaints I did end up going elsewhere. I guess if I had to give a reason it would customer service. Not that it was terrible but I get a more personal touch where I am now which I appreciate.