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WikiFX

Score

7.13 /10
Good

HotForex

Cyprus

5-10 years

Regulated in Cyprus

Market Making(MM)

MT4/5 full license

Global Business

Suspicious Overrun

High potential risk

Offshore Regulatory

Benchmark

B

Influence

A

Influence

E

Open Account
Website

Score

License Index7.89

Business Index7.96

Risk Management Index0.00

Software Index9.12

Regulatory Index7.86

The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

B

Influence

A

Influence

E

Website
Open Account

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open for free

Contact number

English

+44 2030978571

English

+55 1148583707

English

+57 60-23896018

English

+7 8-800-333-7440

Broker Information

More

Company Name

HF Markets Group

Company Abbreviation

HotForex

Platform registered country and region

Cyprus

Company website

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Facebook

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Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 4 Previous Detection: 2022-08-19
  • The number of the complaints received by WikiFX have reached 26 for this broker in the past 3 months, please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 46632)National Futures Association-UNFX Non-Forex License, please be aware of the risk!

WikiFX Risk Alerts

Previous Detection 2022-08-19 Risk 4

HotForex · Benchmark
Average transaction speed(ms)
823 Poor
The fastest transaction speed(ms)
219
The fastest speed of opening positions(ms)
219
The fastest speed of closing position(ms)
391
The slowest speed of opening positions(ms)
1969
The slowest speed of closing position(ms)
1265 Good
Ranking: 78 / 117
Test user 106
Transactions 1,538
Ocuppied margin $3,219,544 USD
Data Source WikiFX Data provide
Updated: 2022-07-31 23:07:00
Pyramid scheme complaint
Expose
Others

about exposing hf market business to Iran

HF markets Date of sending the complaint to hf markets: March 12th, 2021 Date Today : Jun 24th,2022 Dear hf markets: I'm sending you this email to complain about exposing your business to Iran and against Iran imposed sanctions, that resulted your weird behaviors. The misconducting that caused me and my client' heavy losses. The parts that you are held liable for my losses are : 1 - By suddenly increasing the commissions and spreads , you made my account solely for the purpose of maximizing your commissions, which is a serious fraud. 2- You failed several times to provide me with the real-time securities prices, and to the worse, you sold some of my holdings/positions based on your unreal estimated prices which then found out to be far from the real prices. As those stocks were never reached at the prices that you made the transactions upon. You are definitely liable for the losses that resulted. 3 - By not allowing to hedge my positions, you took away all the tools that you had to make available to me to stop the losses. If you were complying with the regulations on sanctions against Iran, you didn't have to cut us off in the middle of our active transactions, and to make us huge losses. Sanctions and restrictions are imposed by authorities in the US, EU and elsewhere. The penalties for breaching sanctions are severe. All companies which trade with Iran or which make or receive payments to or from natural persons in Iran are subject to those penalties. I'm entitled to receive all the money that That you have harmed me and my client by not following the rules The exact amount that I expect to get back is ..... After a very long time, no action was taken against my protest Hereby I notify you, if you do not resolve this I will file complaints with the appropriate consumer agencies , as well as with FINRA , with authorities in the US, EU , with your base country and consider my legal alternatives My hf :977447

FX1582243687
2022-06-24 12:05
Sources

News

NewsWIKIFX REPORT: HotForex expands services, rebrands into HFM

In response to accelerated company growth HotForex has announced its expansion in product offering, noting that the company is undergoing a visual transformation of its corporate name and logo, going by the name of HFM.

WikiFX
2022-06-16 11:47
WIKIFX REPORT: HotForex expands services, rebrands into HFM

NewsHotForex Broker Reviews

Hot Forex is a section of the HF Markets Group that caters to traders based outside of the European Union. The European division of this company is known as HF Markets. Since 2010, the organization has been a multi-national online Forex broker.

WikiFX
2022-06-06 14:38
HotForex Broker Reviews

NewsWIKIFX REPORT: HotForex Granted License by the Capital Markets Authority (CMA) of Kenya

The latest distinguished license from Kenya's Capital Markets Authority (CMA) reaffirms the HotForex brand's dedication to provide the greatest levels of security to clients all around the world.

WikiFX
2022-05-23 17:47
WIKIFX REPORT: HotForex Granted License by the Capital Markets Authority (CMA) of Kenya

NewsHotForex Is Holding A Trading Contest in Ramadan With Road-to-Paris

HotForex is offering all new and existing clients the opportunity to win a unique Paris Saint-Germain experience and fantastic prizes! HotForex login, and then enter the contest and trade as per the specified requirements to access exclusive opportunities at Parc des Princes and beyond!

WikiFX
2022-04-27 14:07
HotForex Is Holding A Trading Contest in Ramadan With Road-to-Paris

NewsS&P 500 fell below 4300 on its worst day since March, and the Dow Jones plunged on risk aversion

S&P 500 fell below 4300 on its worst day since March, and the Dow Jones plunged on risk aversion By christianborjon SP500 DowJones Nasdaq DollarIndex Commodities.

WikiFX
2022-04-26 18:08
S&P 500 fell below 4300 on its worst day since March, and the Dow Jones plunged on risk aversion

NewsWikiFX report: French exit polls show Macron on course to win with large margin

Exit polls show Emmanuel Macron has beaten far-right challenger Marine Le Pen to win reelection in the French presidential election.

WikiFX
2022-04-25 14:37
WikiFX report: French exit polls show Macron on course to win with large margin
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United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;+44-7517747077
License or other information error correction, please send the information to:qawikifx@gmail.com
Cooperation:fxeye001@outlook.com
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