HotForex

[hfnews]

Dear Client,

We are pleased to announce the launch of our Flex Bonus Program which includes the re-launched 100% Credit Bonus and the newly launched 30% Rescue Bonus.

This program will be made available to all HotForex clients that make new deposits as of Monday the 11th of November 2013, 10:00 GMT.

100% Credit Bonus

Doubles your trading power when making a new deposit.

HotForex clients who utilize the 100% Credit Bonus can enjoy the following key benefits:
Effectively makes the Stop Out on Cash Balance (Balance excluding Credit Bonus) zero.
Increased Leverage.
Full bonus amount withdrawal under the right conditions.
30% Rescue Bonus

Extends greater account protection during drawdown periods and can be also used as increased margin.

HotForex clients who utilize the 30% Rescue Bonus can enjoy the following key benefits:
Can be used as increased leverage.
Can be lost so it can actually protect accounts from Margin Calls and Stop Outs during drawdown periods.
Effectively makes the stop out level on original balance as zero.
The bonus is applicable on all new deposits and is available for a limited time only. Terms and Conditions apply.

It is very easy to get started with either program. Our support team is available round the clock to assist you in every step of the way. Just open and fund a live account on the launch date of the program in order to take advantage of this generous promotion.

Please note that Bonus Programs increase the available leverage of your trading account and may therefore increase the risk of trading.

If you have any questions please do not hesitate to contact our dedicated customer support team via email, live chat, or by telephone on +44 2033185978.

Best Regards,

The HotForex Support Team

[tama13]

I thought the forum was got i guess they changed the name.. how is everyone doing?

[dangtrader]

They've cut lot requirement to 50 lots to release their credit bonus. It is strange they didn't posted about it there, because it is a great news for scalp traders like me

[vmusci87]

Originally Posted by dangtrader

They've cut lot requirement to 50 lots to release their credit bonus. It is strange they didn't posted about it there, because it is a great news for scalp traders like me

Do you often come here to check the news? I thought they have sent you an email about that change, haven't they?

[jimmyghd]

I think most of their mails go straight to junk folder as what I have experienced. I'm not really sure on why this is happening though.

[tama13]

anyone here might want to share their plans for the ECB Press Conference today? thanks

[dangtrader]

Originally Posted by tama13

anyone here might want to share their plans for the ECB Press Conference today? thanks

Don't pay attention to these disguised talks. You won't interpret them correct if you don't posess insider information for sure..

[Megha]

You guys received email about bonus offer ?

[tama13]

which bonus offer, there was a lot, there was the supercharged i think the 30 dollar no deposit, but i think the no deposit bonus is not there anymore it was limited.

[tama13]

its a bit hard to explain all in one post, but articles on the internet might provide good insight regarding the differences etc. try google

[tama13]

new strading aint easy, just like mentioned above, its kinda hard to predict the market direction after a certain news release. i guess ill stick to tech analysis.

[vmusci87]

Which payment methos are you using to withdraw from hotforex? I plan to use bank wire but not sure how it works and its cost.

[tama13]

i tried both payoneer and skrill, but i settled for payoneer its more accesible. have not tried bank wire yet, seems more expensive for us traders from south east asia

[vmusci87]

How long to withdraw money from payoneer to your bank account? Skrill is about 24 hours.

[tama13]

i dont move my money from payoneer to bank. i usually withdraw it directly from any ATM and its more convinient :)

[vmusci87]

You meant you can withdraw Payoneer directly from an ATM? really? I wish my country ATM can do it same like you.

[tama13]

i believe it does, payoneer card works as a debit card and can be used to withdraw money localy for a fee, you should try asking about it with your local bank as long as they offer mastercard or visa withdrawals it should work.

[vmusci87]

Master/visa is really popular and it does same as you said but I want a electronic payment service as payponeer (paypal, skrill) can work exactly for me to withdraw direct from ATM for lesser fee and instant withdrawal.

[tama13]

just to be on the safe sde, for those using credit cards, do check with support if it comes with conditions, i think is this unti money laundring or something regarding withdrawal. just to be on the safe side.

[dangtrader]

Originally Posted by tama13

just to be on the safe sde, for those using credit cards, do check with support if it comes with conditions, i think is this unti money laundring or something regarding withdrawal. just to be on the safe side.

Yeah. As I heard on Hotforex you can withdraw the same amount on your card that you deposited. Profit should be withdrawn through some other payment option.

[tama13]

yeah and thats how it works for most brokers if im not mistaken. something to avoid fraud and money laundering i guess.

[vmusci87]

Anyone using wire transfer to withdraw? Can you tell me how long to have money in your account?

[captainfx]

I don't personally like using my credit card for making deposits and withdrawals from my HotForex account. I use Skrill for withdrawals instead CC and it is very fast. Its only takes 1 or 2 days to arrives to my Skrill account. I also think that these platforms are safer than credit cards.

[tama13]

I did once, but bank transactions here sucks, it took longer than i thought! but less than a week to get the transfer

[vmusci87]

Seems Skrill is better than wire transfer. I prefer wire transfer for no fee and third-party.

[tama13]

I do agree, and i think this will post as a problem for banks that earn less from wire transfer fees, lol!

[dangtrader]

Originally Posted by vmusci87

Seems Skrill is better than wire transfer. I prefer wire transfer for no fee and third-party.

Wire transfer at Hotforex has no fees? Most brokers charge 25 or 10 bucks per withdrawal anybody knows exact withdrawal fee there?

[tama13]

Im not sure about wire, i think its a case to case basis!! depending on the bank, but you can verify with your bank or have support to look into it!

[vmusci87]

Originally Posted by dangtrader

Wire transfer at Hotforex has no fees? Most brokers charge 25 or 10 bucks per withdrawal anybody knows exact withdrawal fee there?

I never withdraw from Forex but I do withdraw via wire transfer in many online services and noo fee along at all.

On the website, hotforex also indicated:

Additional Information

Minimum Withdrawal $100
Maximum Withdrawal No Limit
Withdrawal Fees Depend on your corresponding bank.
Withdrawal Time 2 to 10 business days, depending on your Bank. Processed by us instantly between the times of 8AM GMT and 9PM GMT (Mon-Fri)
Withdrawals submitted before 10:00 server time are processed on the same business day between 7:00am and 5:00pm server time*

[dangtrader]

Originally Posted by vmusci87

I never withdraw from Forex but I do withdraw via wire transfer in many online services and noo fee along at all.

Maybe fees differ from country to country. But nevertheless the fee I pay withdrawing profit from Hotforex is incomparably low comparing to the profit amount, so I even don't consider is it 10 or 25 bucks.

[HFblogNews]

Date : 19th June 2015.

CURRENCY MOVERS OF 19th JUNE 2015.

EURUSD, Daily

EURUSD stayed inside the wedge and created shooting star candle in daily resolution and reacted lower from proximity of 1.1324 resistance. This morning we’ve seen weakness and some reaction higher from 1.1304. As the Greek situation is not likely to have a quick resolution I don’t expect EURUSD to move strongly today. I expect the pair to find support today around 1.1296 (another support at 1.1270) while upside is probably limited to yesterday’s high of 1.1435. I am seeing an intraday resistance at 1.1353 while daily support and resistance levels in EURUSD are: 1.1296, 1.1152, 1.1020 and 1.1435, 1.1380, 1.1467.

According to Bloomberg reports ECB is to hold an emergency teleconference today to discuss a Greek central bank request for more ELA funding. The central bank apparently is worried about the amount of capital withdrawn from Greek banks, which reportedly amounted to EUR 2 bln this week. ELA funding was just lifted on Wednesday and is conducted by and at the risk of the Greek central bank, but the ECB can limit overall amounts. It is increasingly difficult to argue that Greek banks fundamentally are solvent, which is a precondition for ELA funding, but the ECB clearly doesn’t want to be the one pulling the plug on Greece. The EU emergency summit on Monday will give yet another chance for an agreement, and without a deal capital controls almost seem inevitable.

Greece continues to dominate Eurozone markets, the rumour mill and official comments from both sides. This means ongoing volatility and wider intra-day ranges. Eurozone bond spreads narrowed slightly and Bunds underperformed Gilts as some safe haven flows were unwound and this trend is likely to continue amid fresh action to get a deal with Greece. EU President Tusk called an emergency summit on Greece on Monday to try and stem capital outflows, which the ECB is increasingly worried about. Reports that the ECB suggested Greek banks may close Monday were denied, but the Greek central bank reported called for further ELA funding. The risk of capital controls is rising.

U.S. reports signaled a long-await June factory sector bounce that will hopefully permeate the remaining June data, alongside a 0.4% May CPI rise that slightly undershot market forecasts and a narrower than expected $113.4 bln Q1 current account gap. The June Philly Fed moved to 15.2 from 6.7 coincided with a ISM-adjusted rise to 53.2 from 50.0, and defied Monday’s weaker Empire State data to signal some upturn in sentiment after a half-year stretch of dismal readings. We also saw a 12k initial claims drop to a lean 267k in the BLS survey week that undershoots both prior BLS survey weekly readings and monthly averages. We saw a second consecutive 0.7% leading indicators rise in May that added to the positive spin, leaving the economy in good position to outperform the low-balled GDP estimates released after yesterday’s FOMC meeting.

Currency Pairs, Grouped Performance (% Change)

USD has been stronger this morning following EURUSD hitting and failing to penetrate the 1.1424 resistance yesterday and dollar finding support levels against other currencies as well. AUD has lost ground this morning and is down especially against the USD, CAD and GBP. There is some strength in GBP but the performance is a bit mixed. JPY performance has been likewise while EUR is down against most of the competitors.

Nearest daily support and resistance levels for AUD pairs:

AUDUSD 0.7605 / 0.7864
EURAUD 1.1127 / 1.4770
GBPAUD 2.0028 / 2.0775
AUDJPY 94.32 / 97.30
AUDCAD 0.9410 / 0.9717
AUDNZD 1.1115 / 1.1304

Main Macro Events Today

Bank of Japan Monetary Policy Statement. As expected BoJ maintained the low interest rates its stimulus programme while it remained positive in its assessment of the economy. BoJ has conviction that growth will strengthen enough to accelerate inflation to its 2 percent target without additional monetary easing.

German May PPI inflation rose to -1.3% y/y from -1.5% y/y in April, with prices unchanged over the month. Producer price inflation remains in negative territory, but has clearly bottomed out at the start of the year and is slowly moving higher as negative base effects from energy prices start to fall out of the equation.

Canadian CPI could expand at a 0.9% y/y rate in May following the 0.8% growth rate in April. CPI is seen rising 0.5% on a month comparable basis in May after slipping 0.1% in April. Forecast risk: Mixed for total CPI given the rise in gasoline prices but 1.3% appreciation in the CAD that could restrain prices of imported goods. April was the first month the CAD gained ground against the USD since July of 2014 and the improvement continued in May on an average basis. Core CPI risk is modestly upward given ongoing upward pressure on the core CPI.

Janne Muta
Chief Market Analyst
HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

[wuxiami]

I'm in China and use Skrill to withdraw funds, normally it just take one day to receive funds from Hotforex, as for the fees, I don't notice that because it's very small amount, to be honest withdraw is fast and reliable.

[HFblogNews]

Hello Everyone, I`m here to answer your questions. Let me know if you have any questions regarding our Company.

[tama13]

yeah i guess it does depend on the fees the country offers, usually its the banks if im not mistaken, its just a hunch but some seem to love grabbing every penny they can. well thats how banks work anyway

[vmusci87]

Wire transfer is really convenient and no fee at all for me. I also hear a $25 fee but I never got it. Maybe the service owner covered it for me.

[dangtrader]

Originally Posted by vmusci87

Wire transfer is really convenient and no fee at all for me. I also hear a $25 fee but I never got it. Maybe the service owner covered it for me.

Not sure about personal sympathy of SWIFT owner to you, guess some payments are processed with 10$ fee, at least this is a fee I'm charged when withdrawal is processed via wire.

[tama13]

i get charged 4 dollars for instant withdrawal via payoneer and i guess about 4 dollars per withdrawal from the ATM since the card is international its not a bad deal really compared to others

[dangtrader]

Originally Posted by tama13

i get charged 4 dollars for instant withdrawal via payoneer and i guess about 4 dollars per withdrawal from the ATM since the card is international its not a bad deal really compared to others

Are you using payoneer from Hotforex? Does it have any advantages regular payoneer card doesn't have?

[HFblogNews]

Originally Posted by dangtrader

Are you using payoneer from Hotforex? Does it have any advantages regular payoneer card doesn't have?

have any advantages

[vmusci87]

I don't use Payoneer but according to the fee charged by the service, it's worse than Skrill and Paypal.