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2.0 8 Reviews

Hot Forex Complaints Summary

2 Resolved
6 Unresolved
Our verdict: When using services from Hot Forex with a poor resolution rate, be vigilant. Understand the common pitfalls other customers have faced. Prepare thoroughly for any interactions with their customer service, and consider alternative solutions if your issues are not addressed satisfactorily.
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Hot Forex reviews & complaints 8

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ComplaintsBoard
M
3:52 am EST

Hot Forex I got my fund recovered from a Forex Scam, through a professional bitcoin recovery specialist.

Traders who have been scammed before, My advise out there is for you to be wise before you invest in any binary option trade or broker, I was scammed $195, 000, 00 USD by online broker but at last i found someone who help me to recover all my lost funds back from a scam that shocked my capital with an unregulated broker, if you need assistance regarding your lost funds or maybe your broker manager is asking you to make more deposit before you could make a withdrawal or your account has been manipulated by your broker manager or your broker has blocked your account just because they need you to make more deposit to your account.if you're interested in getting all your lost funds back kindly get in contact with Him, He was the one who helped me get back my lost funds, contact him via his TELEGRAM address: @MiguelAntonio01 He will guide you on the steps i took in getting all my refunds.

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Pissed Ekow
Accra, GH
Jul 11, 2022 1:25 am EDT
Verified customer This comment was posted by a verified customer. Learn more

I don't even trust @MiguelAntonio01 to be legitimate. Simply do a proper review of any broker you want to use before investing money.

Normally if your withdrawal is refused hardly can you get an individual to help except through legal means.

ComplaintsBoard
J
12:22 am EDT
Resolved
The complaint has been investigated and resolved to the customer’s satisfaction.
Replied
Hot Forex has left an official reply on this complaint.

Hot Forex I was ripped

I had a bad experience in trading. I lost a lot in total and whenever I try to cash out one story or the other keep coming up to me at every giving point of time so i gave up on them. After several weeks, I came across this agency, expert recovery that helped me get back about 75 percent of my lost funds. I learnt there is a class action proceeding, but I believe that takes more time and money paid to lawyers is way expensive. You can talk to a recovery expert, ASHERELLAZAR on protonma1l

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H
5:51 am EDT
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Hot Forex scam

Hi traders

I was a trader have been a customer at Hotforex in the past 10 months and I completed failed on 2018 July and 2018 August
On 2019 Jan I started to make a list in my trading history dates to learn by myself from my mistakes to improve my trading. I had unexpected lesson in trading history at Hoforex.
Traders please read my story in trading the past 10 months..
I hope that traders could learn from my mistake lesson to ovoid the evil men in the world

Download the link below…

hotforex is worse than war-time

https://youtu.be/kMA50PwARxY

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Is Hot Forex legit?

Our verdict: After an exhaustive investigation, Complaints Board has identified Hot Forex as exhibiting significant legitimacy concerns, categorically indicating it's not legit. Engaging with Hot Forex is strongly discouraged, highlighting a substantial risk to users' personal and financial security. Do not provide any information. Report any suspicious activity to the relevant authorities.

Hot Forex earns 1% level of Trustworthiness

Critical Trust Alert: Complaints Board reveals Hot Forex as a scam with only 1% ligitimacy. Strongly advised against interaction.

Based on our evaluation, Hot Forex has resolved only 25% of 8 complaints, indicating a severe lack of commitment to customer satisfaction, trustworthiness, and responsiveness. This may suggest that the company is apathetic or disinterested in addressing the opinions and concerns of its customers.

Exercise caution when using hotforex.com as it may have lower quality content or a poor user experience, leading to fewer visitors and lower traffic.

Hot Forex protects their ownership data, a common and legal practice. However, from our perspective, this lack of transparency can impede trust and accountability, which are essential for establishing a credible and respected business entity.

We have received reports that the website associated with Hot Forex is selling fake products. If you are considering purchasing products from this website, it's important to do additional research, verify the website's legitimacy, and consider contacting the manufacturer to determine the authenticity of the products.

Complaints Board has received reports that the website may be a possible fraud. To protect yourself, consider using a different website. If you find that the website is indeed fraudulent, report them to us, to help protect other consumers.

We conducted a search on social media and found several negative reviews related to Hot Forex. These reviews may indicate issues with the company's products, services, or customer support. It is important to thoroughly research the company and its offerings before making any purchases to avoid any potential risks.

However ComplaintsBoard has detected that:

  • We found clear and detailed contact information for Hot Forex. The company provides a physical address, 11 phone numbers, and 2 emails, as well as 4 social media accounts. This demonstrates a commitment to customer service and transparency, which is a positive sign for building trust with customers.
  • Hot Forex has registered the domain name for hotforex.com for more than one year, which may indicate stability and longevity.
  • Hotforex.com has a valid SSL certificate, while Scammers can obtain a valid SSL certificate by using fake information or by using a stolen or hijacked domain. In some cases, they may even use a certificate issued to another legitimate website.
  • Hotforex.com you are considering visiting, which is associated with Hot Forex, is very old. Longevity often suggests that a website has consistently provided valuable content, products, or services over the years and has maintained a stable user base and a sustained online presence. This could be an indication of a very positive reputation.
ComplaintsBoard
P
10:24 pm EST

Hot Forex cheat my account

24 december i credited 150$ to my account.
But it was not credited until today morning
It is also done by when I contact and inform u.
Previously I also try to open trade to usd/jpy
But I couldn't do it by u.
So by even crediting my account or opening trades through my account I try to keep my account balance growing to some extent.

But u locked me at every point and keep my account vanish or goes to zero...

So please be kind enough to recover my account
Waiting ur good reply.

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11:13 pm EST
Verified customer This complaint was posted by a verified customer. Learn more

Hot Forex terminate my accounts

699438 is my hotforex ID they first disable my profit account then
terminate my profit trades and change history than my amount refund and my profit banned and later they terminate my id also and reduce leverage

in case of profit they make a farud and terminate account in case loss they give not back loss all policies for profit taking clients
this is a scame broker it should have no place in market
becase they a cheating the clinets peoples making fools and they earning money by clients accounts making disable. this broker is bad name for forex
this should have no place in market
scamer never succeed take a strict action aginst this scame broker and make it out from the market and make a banned on this broker

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John Sidwell
, US
Dec 23, 2018 7:18 am EST

In case you need someone to recover your lost money. I recommend Fundchargeback.com, one of the experts is with the FCA

ComplaintsBoard
C
3:55 am EDT

Hot Forex Run away!

Run away and never deal with suspicious companies that are connected with tradings, most of them are fake and want your money only. Don't expect them to help you.
The Hot Forex is one of them. What they do is called robbery.
I got a lot of promises from them, they convinced me to pay more and more telling me I would succeed soon. Yes, my bad, I trusted their words and thank god I stopped it when I understood they were obviously cheating me getting my money again and again.
Be careful. Do searches.

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R
12:40 am EDT

Hot Forex Grievance

My name is Dinesh GOPAL. Today I complain hot forex company in India. They created lot of money to public. Below I mention complete details. My mobile number is [protected].Government of Tamilnadu
Chief Minister's Special Cell
Petition No 2015/845466EF Petition Date 22/09/2015 Name MRS DINESH Father / Spouse Name S GOPAL Address 4B.ARULJOTHI, , NRK Puram main road, 1st Street, Aruljothi nagar, Tiruppur, TIRUPPUR.,
Tirupur-641607
Tamilnadu Grievance Main Category COMPLAINTS Grievance
Hot Forex company is not registered in sebi. They are doing illegal operation in India. They are collected money to public around approximate 100crore.They cheated me around 50lakhs hot forex managing director name is Mr.Aristos and his employees is mohit, Bala, raja.please find the office location HotForex Academy, Apee jay business center, Haddows Road, Nungambakkam, kotak mahindra bank, Chennai - 600034. (91)-44-[protected]. HFmarkets(HotForex), s.p.arcade, sarojini street, Ram Nagar, near velan food park, Coimbatore - [protected]-[protected].

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dinesh gopal appolozies to hot forex
, IN
May 30, 2016 11:27 pm EDT
Verified customer This comment was posted by a verified customer. Learn more

Dear hot forex/hot forex clients/ ib's
my name is dinesh gopal.I apologise for hf markets limited and his clients and ib. Because iam wrongly mis-understanding this company. Kindly ignore above posting dated 22.09.2015 on my mis-understanding complaint. I promise these companies are genuine and transperant.
.Thanks regards,
dinesh gopal.

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yamen sarai
, US
Nov 17, 2015 12:02 am EST

I have been using hotforex since 2014 but i didn't enjoy there service because there service is poor and there customer care service is bad.
Moreover, i have 100 % doubt about them because as the time i was using there platform for trading i really have 100 % regret about how it works and this really makes me to loss all my money in there platform and i loss almost
1, 500 usd and i am highly have a regret using there platform and i can not recommend there service to anybody.

ComplaintsBoard
C
4:02 pm EDT
Resolved
The complaint has been investigated and resolved to the customer’s satisfaction.
Replied
Hot Forex has left an official reply on this complaint.

Hot Forex Very bad experience.

HotForex is a very bad experience. I participated in this site and I won a cell phone for $ 8.00. So, I gave them my credit card to pay for this purchase. Then roubles started. Subsequent unauthorized withdrawals for $92.00 started to appear every day. My bank started investigation.

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Forex Vn
, US
Mar 14, 2023 5:44 am EDT

For a long time I don't see any new complaints for this broker, does this mean it has improved its operation?

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Surraya Anwar
Sanglahil, PK
Mar 09, 2023 3:03 pm EST
Verified customer This comment was posted by a verified customer. Learn more

I have been trading with this broker HFM for more than one year now. I have traded multiple assets including gold XAU, GBP, EUR and oil etc with them. I have found no issues during my trading period. Spreads are reasonable and you can make profits on you trades. Withdraws usually take one to two business days so acceptable in my opinion.

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Yanto rich
, US
Jun 09, 2022 6:23 pm EDT

This is a terrible site they took 70k from me . I lost all my money to this scam broker , after weeks of depression and feeling like I will never make withdrawals , I was introduced to skyline-recovery com. They offer good consultation service .

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Duy Huynh
, US
Feb 26, 2022 8:00 pm EST

I know this broker through a seminar, it looks professional and they also gave $50 tradeable bonus and I lost it all but I know about Forex and decided to jump in. After years, I eventually can make small but steady income from Forex and I only trade with HotForex. Fast withdrawal and various services and nice spread. Highly recommended!

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fuad51
batangas, PH
Feb 25, 2022 3:54 am EST

I trade with hotforex, 5 months live now, looking to hit ROI in 2 months, markets are currently not stable but the broker is doing well maintaining a good service and provide ease of access to funds. over all im very satisfied with them

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Rahbar
, US
Feb 12, 2022 10:12 am EST
Verified customer This comment was posted by a verified customer. Learn more

I always recommend starting trading with small amount just to ensure how trading setup works. Hotforex is a good broker and i started with 250 USD now i have many multiples of this amount within only two years.

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Duy Huynh
, US
Feb 07, 2022 12:51 pm EST

I am a novice trader 3 years ago and found out this broker, I don't know if this broker is good or not but I have never encountered any hassles when trading with it. Fast payment as well. Various account, services and many perks you can select that suit your trading style.

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france Paul
, US
Jan 18, 2022 6:48 am EST

Its good to see a responsive support from hotforex, hopefully its just a misunderstanding, my over all experience (three years) with this broker is pretty much satisfactory

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Huynh Duy
, US
Oct 07, 2021 1:50 am EDT

Fast withdrawawl broker within 24 hours, my fund is < 5000$ and it's really smooth. Advanced trading services.

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Adeeq Mushtaq
, US
Apr 05, 2021 5:32 pm EDT

I opened account back in Dec 2019, I am still trading with the hotforex. Started with 100usd and so far i had withdrawn this amount almost six times. It is better than others i believe.

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Contact Hot Forex customer service

Phone numbers

8800 100 6322 1800 100 7060 More phone numbers

Website

www.hotforex.com

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