Hotforex.com is a trading scam broker that claims to be legit, but it’s a risky unregulated investment that will leave you frustrated after it disappears with your funds.
A perfectly typical broker scam relying on the ignorance of the general public regarding financial trading.
In our review, we have concrete reasons to believe that is a scam website that does not provide enough background information and it must be avoided just like FX-Bitget.com
In case you are a victim of online scams, forex, cryptocurrency, CFDs, binary options, crowdfunding or one of the many other online scams then don’t give up we can recover your funds. File a Complaint on the below link. and you will recover your lost investment for free without any obligation.
Hotforex Red Flags
Unregulated offshore confirmed scam anonymous broker that has nothing to show for its big promises.
It is a Ponzi scheme that promises instant profits with little effort. All you need to do is deposit a certain amount of money, and you will see profits soon enough.
No guarantee on investment and untrustworthy. They never mention the risky of trading and they don’t provide knowledge on trading.
Usually abuse trading rules and operate with impunity as they are sure no one will follow their back to ensure compliance.
They use persuasive sales pitches which is a trap that many investors fall into promising getting rich just by investing in them.
Avoid the trap from such scammer.
How does Hotforex work?
Usually, they use misleading ads on the internet to lure as many people as possible, to increase the number of clients to steal.
They provide a link on their website, which you click and provide your email and contact numbers.
Usually, they immediately contact and promise anything to make you deposit money with them as quickly as possible.
Since they are experienced manipulators before you realize they will ask for your bank card details to assist you with the deposit.
Never provide such information to avoid becoming a victim of Identity with more problems consequently and losing funds from your account.
They ask for more money and persuade you to deposit more and recover the losses incurred.
When you get a profit, they will convince you to put more money and increase the profits.
Troubles knock when requesting a withdrawal. They will discourage you and even ask you to pay them if you want to withdraw.
Legit companies do not bother you by phone or email to deposit with them, so if someone pushes you to invest, most probably a scam.
Is your investment Safe with Hotforex?
It is never safe to invest in an unregulated and unlicensed broker since it is so difficult for a broker to allow for withdrawal of your investment gains.
They are a risky venture to invest your money in.
In addition to the above, this broker is a Ponzi scheme, it is disguising as a legitimate to steal money from unsuspecting investors.
There is no guarantee or security of funds with unregulated Investment, which is not answerable to any watchdog.
Moreover, they do not provide any details about who runs daily activities, which raises concerns, about the company not giving Important details.
When such important details are missing safety of your funds becomes a challenge. This explains why your funds are not safe here.
Such platforms usually prey on naïve investors, promising several features and instant profits which are empty promises.
How to recover lost investment.
If you are a victim kindly use mychargeback link above free with no obligations.
If you have deposited via Visa or MasterCard, ask your card provider for help – chargebacks are possible within 540 days.
However, there are still some other things you could do to recover your money, and there are some things you could do to prevent further scams:
Change all your banking passwords to make sure the scammers will not be able to steal more of your money.
Uninstall any remote access software that the scammers advised you to install to access your computer, claimed necessary so they could help you. The truth is they just wanted access to your banking systems.
Notify the responsible authorities and share your story online with other people and in your circle of acquaintances.
Be cautious and never trust any agent claiming to recover your money for a fee.
Conclusion Hotforex Review.
We cannot recommend this broker for investment.
Never allow Hotforex to steal your hard-earned money. Known fraudsters and scammers, Avoid signing in to such investment websites.
We recommend before you invest in any platform, do your due diligence by checking expert reviews and recommendations. Try your best to find out what such a platform.