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A loud call to trade on the side of the winner was published on its website by the broker Hotf1nance, which will be discussed in our new review. The company offers access to a wide range of currency pairs, indices, securities and other assets, as well as trading on the famous MT-4 platform. In return for your deposit, Hotf1nance offers huge leverage, personal manager assistance, training, full technical support, minimal spreads and other goodies. That's just, is there a hard cement floor under the rose petals that this company so diligently lays for us - we will conclude at the end of the article.
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Hotf1nance. General information
Broker's main website:
The resource of the broker with a very specific name Hotf1nance is a substantial and serious resource. However, if you decompose it into separate components and carefully study each one, it turns out that this site is no different from other templates that scam projects create.
Perhaps the resource is given solidity by a running line with up-to-date quotes at the very top of the main page. Perhaps the logos of major payment systems and links to legal documents in the footer create positive impressions. However, all this is just stardust, which any rogue can throw into the eyes, like Inc-Div or ZotaMarket.
The site menu includes the following sections:
- overview of accounts, replenishment, withdrawal, real account - an interesting subsection that teaches you to be disciplined by opening an account with Hotf1nance;
- an overview of the trading platform for a web browser, mobile devices, desktop;
- asset overview;
- about the company (affiliate program, development history, documents, contact details).
There are also login/registration buttons.
Below is the very call to trade on the side of the winner, next to which there is a screen of the trading terminal interface. Below is the "start trading" button.
Under the header there is an overview of the main assets that you can work with when trading on the Hotf1nance platform. Next is a rather meager presentation of trading tools and trading technologies offered by the broker.
Following are the types of accounts, under which there are buttons for downloading/installing the platform for mobile devices or PCs. Next comes the instructions for registering an online account with an application form ready to be filled out.
The footer is a repetition of the menu. The payment systems logos mentioned above, the risk notice and the disclaimer are also published there. It is with these two phrases that the broker disclaims responsibility for your accounts. In addition, we found other unpleasant moments on the Hotf1nance website, which will be discussed below.
Expertise of legal information, Hotf1nance licenses
Let's start with contact information. The only available channel of communication with the Hotf1nance broker is email and an online form where you can ask your question.
The firm positions itself as a well-known Forex CFD provider that offers traders effective solutions for working in the financial markets. In doing so, the broker claims that Hotf1nance continues to expand around the world as a global brand. However, Hotf1nance did not bother to indicate a single branch, as well as certificates of registration. And the name of the company looks more like a typo than a serious company.
We did not find a single license from regulatory organizations, including the Central Bank of the Russian Federation.
Another argument confirming our opinion is that the company has been on the market for the first month. This is evidenced by the data we received during the Whois check (the very first screen). But a sane trader will never invest in a company that has just opened. Even if it has 10 licenses, it is always worth taking a closer look at the office in which you are going to invest your hard-earned money.
Features of the work of Hotf1nance. Tools and conditions for traders
Hotf1nance have prepared for their clients a whole mountain of benefits that they are ready to share for a "modest" fee in the form of a trading deposit from 250 to 50 thousand dollars.
Among the "goodies" that the broker promises to its clients:
- professional customer support, personal manager;
- quick answers to questions;
- modern well-known MT4 platform, adapted for any device;
- good order execution quality;
- high liquidity of first-tier banks;
- huge leverage from 1:100 to 1:400;
- breaking news and other analytical tools.
However, in view of the holes we found, the number of which makes Hotf1nance look like a colander, all the advantages listed on the broker's website are a fantasy that they are trying to impose on newcomers intoxicated with greed.
Real customer reviews Hotf1nance
Given the literally infant age of the broker, it was not possible to find information about him among the reviews or comments.
But the broker offers cooperation on an affiliate program.
Therefore, it is quite expected that in the near future a lot of laudatory reviews from referrals will appear on the Internet, who believe that they can earn in Hotf1nance by giving them suckers.
If you have become victims of Hotf1nance scams, leave comments below this article. Perhaps it is your review that will save someone from losing money.
Hotf1nance User Fraud Scheme
Due to the lack of reviews, we cannot accurately describe the scheme for scamming users who have opened a deposit account with Hotf1nance. But we have several options for how such offices do it:
- adjusting quotes, trading balance, replacing the trading platform with animation;
- giving deliberately unprofitable advice on transactions;
- the requirement to pay for non-existent services, commissions, insurance;
- intimidation, blackmail;
- user account blocking;
- sudden closure of the project.
These are the most common ways to deceive traders who are led to the magic “loot” buttons and do not check their brokers. But there are others. Therefore, you should be vigilant and not give your money to just anyone.
We found the following signs of a scam on the Hotf1nance website:
- primitive, non-informative template;
- lack of legal information about registration, licenses of regulators, liquidity providers;
- false information about experiences, services, etc., misleading users;
- lack of full contact details, reviews.
Such a “gentleman's set” means only one thing - we send the Hotf1nance broker to the trash together and will be glad that we saw this review before investing money in this useless project.
If you have become a victim of Hotf1nance or other black brokers and want to get your hard-earned money back, leave your mail in the form at the beginning of the article. We will send you a step-by-step, illustrated plan of action to take.