HotForex Feedback Please

[Sameer]

Hello guys, I am from India and I would like to know that Hotforex.com is trustworthy or not ?

Please give me your feedback on it.

[HannaLors]

I've used them and they seem okay to me. I am not from India though so I can't comment on whether they service India in the same way. I guess you could fund the account and trade small, try to withdraw and if everything goes well, deposit more.

[mangboy]

I agree with hanna, start small, or go with demo, I trade with hotforex, no problems with withdrawals, but im not sure about the services in india, go demo first and if you want to go live then go small, minimum if possible to sort things out first, best of luck

[zhulin]

Earlier it had been the best Online Asian Broker, I am from China and also use it.

[MissPips]

I remember seeing some signup bonus of something like 60% of your account. But I think sign up bonus's cause the trader to lose all their money because they lose focus of risk control, to try to trade the allocated number of lots in a certain period of time so they can redeem their bonus.

[mangboy]

I remember seeing some signup bonus of something like 60% of your account. But I think sign up bonus's cause the trader to lose all their money because they lose focus of risk control, to try to trade the allocated number of lots in a certain period of time so they can redeem their bonus.

yeah, I personally avoid bonuses, they confuse me and there is always conditions behind them so i suggest reading the conditions or ToS before using a bonus..

[zhulin]

yeah, I personally avoid bonuses, they confuse me and there is always conditions behind them so i suggest reading the conditions or ToS before using a bonus..

Bonus is a plus, and more useful for normal traders with sufficient fund.
it's interesting many tiny traders are interested in bonus, however, most of them can not survive due to lack of risk management and easy to fail.

[Sameer]

Thanks for your suggestions guys, I have demo account with them and its really good experience with demo soon I`ll open live account with them.

[zhulin]

Thanks for your suggestions guys, I have demo account with them and its really good experience with demo soon I`ll open live account with them.

What type of account will you choose?

[Sameer]

What type of account will you choose?

I opened Micro account with them and all looks good till now so I`m thinking to open Premium Account after this month. What about you ?