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HotForex PAMM Review Scores


Overall score: 3.5 / 5

Total votes: 59
Profitability
1
Platform
1
Pricing
1
Customer service
1
1 - worst 5 - best

HotForex PAMM Discussion

cedsobey (cedsobey)
Dec 04 2015 at 11:05
3 posts
will2000 posted:
I have had a very bad experience ,I invested with two of there top rated pamm managers and all was well for a week then both accounts blown in a couple of days .I lost thousands in a couple of days with little warning.My advice join pamm accounts where you can start with a very little amount and if it does do well you can add later.Hotforex has good customer service but offer no protection against reckless pamm managers.


I just had a heated argument with my account manager about the PAMM system. I don't use PAMM yet but I found the statistics displayed on the website very misleading - bordering on criminal in my opinion. There is no equity curve displayed only a 'profit' curve based off closed positions only. As PirFX mentioned you can see the floating profit/loss but to most investors who have never traded before its an insignificant stat.
What traders do is hold onto losing trades but continually bank the winners. This creates good looking stats. 95% winrate, gain of 1000% etc but if you look closely you will see the managers have a floating loss equal to their profit!! They are 'lying' with statistics.
Always look at equity as an indication of their skill.
That said, I am a happy customer of Hotforex and I only wish they rectify this soon.

yibrahim9
Feb 25 2016 at 07:30
1 posts
Connann posted:
Hi,
I have PAMM account with HotForex since 7 months and I am very satisfied with them so far.

marcopq
Feb 25 2016 at 16:04
58 posts
vagroupfundcom posted:
Who will call finance related company 'hot'? 😁

Until the date and since 2010 exemplary behaves this broker.

clte (clte)
Jun 07 2016 at 13:45
17 posts
Is there a way of listing all of the PAMMs that are run in HotForex in chart format under MyFXBook? Since it's impossible to see the equity curve in HotForex itself. I want to see the equity curves in MyFXBook.

It's never too late
marek100
Aug 28 2016 at 12:08
2 posts
clte posted:
Is there a way of listing all of the PAMMs that are run in HotForex in chart format under MyFXBook? Since it's impossible to see the equity curve in HotForex itself. I want to see the equity curves in MyFXBook.


Hi,

they will not allow myfxbook format - as they would loose most of their PAMM clients :-)

I am one of their PAMM managers - and have no issues showing my PAMM on Myfxbook :-)

https://www.myfxbook.com/members/marek100/fxdream/1646367


drago
Sep 12 2016 at 21:47
71 posts
Hi guys,

I understand they are discontinuing the PAMM service at the end of this months for the citizens of the European unity. Is it somehow possible to contact a given trader, which is offering PAMM? Thank you

Anasreds (Anasreds)
Sep 17 2017 at 05:35
17 posts
Trading system based on price action and breakout strategy. Proper Risk to reward ratio with good Risk Management. Goal is to grow the account and make profit consistently.

Min drawdown as every trade with SL placed. Max risk per trade is 2% depends on market volatility

Hot Forex PAMM Manager : Nascap_FX

<iframe width='985' height='2120' scrolling='no' frameborder='0' src='https://charts.hotforex.com/pamm_managerdetails.php?managerHash=89ede6197df1fed64da9a560bf19bead'></iframe>

Min Investment : USD 250
Success fee : 15%
Penalty fee : 3%
Trading Period : 1 month

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