They closed my account and froze my Funds with $7379 dollars without being able to withdraw them SCAM!!!
I will tell you my story I had this account for a year and I got to have $14964.25 dollars in my account, on Monday May 29, 2023 I decided to withdraw all my funds from the account and the surprise was that hours after requesting the withdrawal I received a message email from HFM telling me that my account had violated the "Rules and policies" of the company of course arbitration which is totally false and they have no proof but fraudulent companies are using these articles or clauses to take advantage of customers... ... so they canceled 2 withdrawals of $7,518 and $7,446 .... and then they left me only half of the capital available so I quickly withdrew what I could, 7,585 dollars was what they let me withdraw, after this they arbitrarily told me They closed the account and I have not been able to access the rest of my funds... the last thing I was able to see and take screenshots as proof, was that the broker put the rest of the money in the mt4 trading account and then I filed the mt4 account freezing my funds around 7379 dollars ...... I have practically lost all that money due to account freezing and all my rights have been violated
this broker is fraud. will cheat your account until you get mc. 1. when opening positions the spread is very wide. 2. open a hedging position, the last price between sell and buy can be up to 60 pips, a minimum of 30 pips. with the price for a sell position at a high right. and the buy position is lowered. so your loss is getting bigger. 3. Your account can be frozen when your position is critical for your MC. we trade at 4broker so we know cheating. 4. each position when compared with other Brokers. the last price is still at least 2 pips different, never up to 7 pips. so your cash is smaller. 5. When it's very urgent, it's hard to contact CS. and often the answer is to blame the client. 6. floating lost positions can suddenly enlarge. after checking it seems that the last price for the position is deliberately raised or lowered, so that your losses will be even greater. even if the cash is even less 7. if the situation is calm the deposit goes straight in. if it's a deposit to hold MC. deliberately slowed down. and the CS is hard to contact. 8. What's dangerous is that leverage can change as the broker likes. so that the free margin and margin level dropped a lot. because this broker's goal is only to MC your account until it's clean. and the ways are often very subtle. so you don't realize you're being cheated. just be careful. do not trade in this fraudulent rotten trash broker
I just open a position at 133.195 but the system is in pending and suddenly open at 133.372 for me. It makes me lost 177 pips at the beginning. It is a fraud, Stay away from fraud platform.
I have ordered the city but the platform deliberately did not match
Boycott hfm platform, too fraudulent i placed tp but it didn't match, if it's stoploss, i'll go to these dirty brokers
I have profit, but can't withdraw
Welcome bonus 35,but when you profit, than will no let you withdraw.
Incorrect execution command
Hotforex is a scam broker, match order is incorrect, promise to compensate me, but it's been more than 2 months and i haven't seen any movement on Hotforex side
incorrect execution command
lufthansa - 3 lots - selling price 6.07 - at 14:00:35 - Aug 23, price does not match luthansa - 3 lots - selling price 6.06 - at 14:00:52 - Aug 23, price does not match exact Volksw - 0.75 lot - selling price 141.35 - at 14:00:43 - 8/23, price match incorrect
Many hidden fees. Fraud arises.
Can not take profits. There are signs of interference in the order
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
long hours of approving the withdrawal.
my withdrawal are still pending. 6 hours and still waiting.
Wow, Seriously, they can auto hit my SL, even the
This just happened recently, i opened one position because i see a pattern. I place my TP and SL. And i left it, but suddenly my position are closed because the price reach my SL. Well, in reality if the price truly goes there, im ok with that, BUT it doesnt. They just close my position and said it hit my SL. You can check my SS below, blue lines are currently i opened my sell position, and red lines are my SL. You can see the price. So, why the force close my position? Scammers detected.
Lots of complaints.
A client has complained that this broker robs people by increasing gaps frequently and making them lose their money.
Unable to withdraw
The broker said that it was transparent. It is not true. Scam
Complain against HotForex.
A client of HotForex did not have his account updated after he deposited his money in the account. HotForex officials are also not helping him regarding this matter.
After the profit is made, the platform does not allow withdrawals, and even deletes the profitable account.
The HotForex platform does not withdraw funds after investors make a profit, and also deletes profitable accounts. As long as it makes a profit, it is said to be a violation. Who dares to trade on it?
This bad broker deducted my profits and didn’t allow me to withdraw funds
Please polish your eyes!
I profited in HotForex. Unable to withdraw. Deduct my profit..
Open your eyes!
broker needs to be investigated what of manipulation is this other broker dont have this kind of fall
30% of the dividends cut
The dividends got cut by 30%. The MT5 account often got frozen.
HotFX not good.
Intervene, prevent transactions!