dandawman Posted August 5, 2011 Report Posted August 5, 2011 well i wish you 2 that said youd report back your findings did lol... I just opened an account, with 20$, got a 50% bonus right off the bat, thats real nice, was easy to open, got it done in under 12 hours. Trading seems good so far. Ill let you know as soon as something goes bad in which the brokers to blame... and in about a month ill try and withrdraw a couple bucks and if that accually goes through then ill also let you know Quote
dandawman Posted August 5, 2011 Report Posted August 5, 2011 and as a U.S based person, this 500% leverage is amazing, i dont know why ****** us regulations would regulate such a wonderful thing Quote
mograst Posted August 6, 2011 Report Posted August 6, 2011 i also opened a live account with $100 and get $150 (50% bonus) So far trading is good and execution very fast. I have 4xsentinel running and will test for some weeks. Just one thing the sentinel showed me, they seems to have changed leverage once but i do not know for what reason. Will continue monitoring. Quote
mograst Posted August 9, 2011 Report Posted August 9, 2011 ok guys, i just note that trade execution has become very slow today (different seconds to close a winning trade).. also i have message "Price not available" I am not sure if there Micro accounts are really STP or without dealing desk. Quote
dandawman Posted August 9, 2011 Report Posted August 9, 2011 well my report so far is, I deposited 20 bucks on last friday early, got the 50% bonus, and now im already at 70 dollars lol. I talked to the people about my aggressive scalping and they said it is perfectly acceptable, so thats a PLUS, spreads are usually pretty good, and I get 6$ per round lot back on rebates. thats the good stuff Negative, though I have not recieved the above "price not available", alot of the trades do take about 2-3 seconds, which is a little too slow for my tastes, but hey, the 500% leverage will more than make up for that little downfall. Still have not withdrawn any money, once i hit 100 ill take out 20 or so, IF that goes well then this will be an A+ broker in my books Quote
mograst Posted August 12, 2011 Report Posted August 12, 2011 ... again "price not available" just got it now while price is moving faster than usual... really not sure if the are STP... seems more likely as MM they dont like to let you sell/buy if price moves fast. Quote
okitikan Posted August 12, 2011 Report Posted August 12, 2011 I've try demo.with above good comment i will open a live account with then,thanks to all member for ur honest contribution,this forum has rely help me in my trading Quote
dandawman Posted August 13, 2011 Report Posted August 13, 2011 hey mograst... does this happen often? other then that have you had success withdrawing any money? I think ill withdraw now i took my 20 dollars up to 125 in one week lol.... Quote
mograst Posted August 13, 2011 Report Posted August 13, 2011 it happens sometimes but everyone shold test itselve by opening a small account. I using on micro to test some trading strategy.. Not yet withdraw money. Quote
PuppyPower Posted August 22, 2011 Report Posted August 22, 2011 Is this broker really STP (NDD)? They sure have a dealing desk: When my PC, which is running a EA, had a hard disk failure. I tried to close the trades manually from my laptop. I'm surprise to see, "Notice! At order by market execution, the price will be quoted by dealer.", at the bottom of the order ticket. But on their website, it says "No Dealing Desk" :-? Quote
PuppyPower Posted September 22, 2011 Report Posted September 22, 2011 Though they published themselves as STP, the EA that was running on HotForex, often it could not close the trades in time. As a result, a profitable trade turned into a loss. In the Expert Log, I found the reason: OrderClose() error - off quotes. Is HotForex a true STP broker? I ran the same EA on AxiTrader and GoMarkets and all trades closed in time on AxiTrader and GoMarkets. Or is it the problem with their liquidity provider? I've decided to move away from HotForex. Quote
gaban13 Posted September 22, 2011 Report Posted September 22, 2011 i'm using heavy scalper EA.no problem so far.i am happy with hotforex :) Quote [center:3pm5sdyh]~ Life's Good ~[/center:3pm5sdyh]
gaban13 Posted September 22, 2011 Report Posted September 22, 2011 if i'm not wrong, the notice is a default for mt4 ecn Is this broker really STP (NDD)? They sure have a dealing desk: When my PC, which is running a EA, had a hard disk failure. I tried to close the trades manually from my laptop. I'm surprise to see, "Notice! At order by market execution, the price will be quoted by dealer.", at the bottom of the order ticket. But on their website, it says "No Dealing Desk" :-? Quote [center:3pm5sdyh]~ Life's Good ~[/center:3pm5sdyh]
PuppyPower Posted September 22, 2011 Report Posted September 22, 2011 i'm using heavy scalper EA.no problem so far.i am happy with hotforex :) Are you using their Currenex account? I'm using their Premium Account. As I was typing this reply, the EA could not close 2 profitable trades on my HotForex account and the same reason: "Off Quotes". The EA tries two times to close one of the trade and three times to close the other. I have not experience such problem with other brokers. Quote
gaban13 Posted September 22, 2011 Report Posted September 22, 2011 i'm using islamic account.not sure about currenex Are you using their Currenex account? I'm using their Premium Account. As I was typing this reply, the EA could not close 2 profitable trades on my HotForex account and the same reason: "Off Quotes". The EA tries two times to close one of the trade and three times to close the other. I have not experience such problem with other brokers. Quote [center:3pm5sdyh]~ Life's Good ~[/center:3pm5sdyh]
mograst Posted September 22, 2011 Report Posted September 22, 2011 what i note is that SL is hit even 2-3 pips below/above. For eg. thi days i had a sell trade and hit SL 2.5 pips befor touch the SL value that i have set... I have a micro account.. Quote
JasonKwok Posted September 23, 2011 Report Posted September 23, 2011 Guess everyone knows why these brokers have aggressive promotions like 50%, 30% or 15% bonus. Now you know where they got the money to pay you. If they are true STP, they need not have these promotions. Personally, I will stay away from brokers who are offering aggressive offers. Quote
Sneed Posted September 23, 2011 Report Posted September 23, 2011 Yes, also, beware of any "bonus" they give you when you make deposits. The bonus allows your EA to assume that there is "enough" leverage to open a trade, and then you get a margin call, because the bonus only "makes it appear" that you have more money than you really have in the account. So, you have to keep extra money in these "bonus" accounts if you don't want to see a "margin call" lose all your money. :-/ Guess everyone knows why these brokers have aggressive promotions like 50%, 30% or 15% bonus. Now you know where they got the money to pay you. If they are true STP, they need not have these promotions. Personally, I will stay away from brokers who are offering aggressive offers. Quote
gaban13 Posted September 23, 2011 Report Posted September 23, 2011 good traders doesnt care of bonus..just assume the bonus doesnt have.use only your fund to trade.if you have completed the lot requirement then you can withdraw the bonus.as long as the execution fast, i think this broker is good :) Quote [center:3pm5sdyh]~ Life's Good ~[/center:3pm5sdyh]
Sneed Posted September 23, 2011 Report Posted September 23, 2011 The broker may be good. But I know some people who "ignored" the bonus, but, the EA did "not" ignore the bonus, and they wiped out their account with a margin call. That is all I am warning people about. It did not happen to me, so I am not complaining. But, you will "never" convince me that HotForex doesn't know about this problem, and that they are not happy to profit from it at the customer's expense.:| Quote
stanly Posted October 3, 2011 Report Posted October 3, 2011 Bonus Offerings 50% Withdraw Bonus a. Can be used as increased Leverage b. If volume requirements are met bonus can be withdrawn c. Relaxed Time Limit for completing Volume Requirements. This encourages prudent trading d. Effectively makes the stop out level on original balance as zero 15% Rescue Bonus a. Can be used as Increased Leverage b. Can be lost so it can actually protect accounts from Margin Calls and Stop Outs during drawdown periods c. Effectively makes the stop out level on original balance as zero Site : http://www.hotforex.com Quote
Jeremiah Posted October 3, 2011 Report Posted October 3, 2011 My broker - Forex-Metal offers $20 no deposit bonus. After adding your own funds that's possible to increase your balance up to 30%. Thier other condition are definetely very competitive. Quote
mechu09 Posted October 4, 2011 Report Posted October 4, 2011 HotForex: http://www.hotforex.com/?refid=9985 http://hfaffiliates.com/affiliate/accounts/default1/banners/Set02-468x60B.gif ECN Broker micro account, premium and currenex accnt 50% Withdraw Bonus or 15% Rescue Bonus 1:500 leverage 0.01 minium lot size 5 USD minimum opening deposit allow US residents Accepts Liberty Reserve, AlertPay, Wire, Credit Cards, etc Quote
mograst Posted October 14, 2011 Report Posted October 14, 2011 Super Move with super buy today.. Then, Hotforex cut out the light! SCAMERS?? hello guys, today at 12.15 GMT i was IN the market with a buy Plus set a buy order at breackout. Once the big move of over 75pips began I was in profit with around 60 pips on both orders, Hotforex just disconnected my MT4 platform for about 3 minutes the way i could not close my trades or even move my SL to trail the profit. Fortunately the move didn't goes down to much to take me out where i have trailed until they disconnected me, and i could close my orders still with gain... Anyone else? ..... Hotforex, don't tell me you just reboot your servers....!!! I was intentioned to open an good funded ECN account... Now i do not trust these guys anymore... better go to dukascopy ... swiss is always better to put your money In, instead with those "HotDog" brokers... Quote
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