is hotforex a scam ? why?

Here's the bank account info that i got:

Fintech Australia

acc:（AUD)
Bankwest
BSB: 302162
Account Number: 1221205
Swift: BKWAAU6P
Account Name: My Group FinTech Co Pty Ltd

Somehow this isn't listed here https://www.fintechfx.com/deposit.php

This post has been edited by arbysburger: Aug 24 2018, 11:30 AM

Try to google HotForex SCAM. You will find a lot interesting cases.

Investors sent funds to this account?

Thanks for your information. Investigators will do their job.

thanks alot,any recommended trader and IB ?

Hello Everyone, I would like to discussed about Fintechfx broker and MIA topic. I have read a lot of people sharing their concern and screaming Fintechfx is a scam broker, and MIA is scam. My question is: This scam broker and company are these merely our opinions or proven fact? If it indeed a fact please share with me the story how you got scammed maybe we can learn a thing or two.

Personally I did my own research before jumping to any conclusions, so what did I found? First, Fintechfx is indeed registered to ASIC (Australian regulator) And NFA (American regulator), therefore because the company is regulated then all the fund is in segregated account. Second, MIA is a very young investment company (less than 2 years) which was build because of James Harrison's trading skills. Will MIA exist if James Harrison quit trading? only time will tell. Third, in MIA491 the founder introduce himself as Anthonio Ferez and posted a few videos on Youtube and attended recognition nights and award nights. My opinion is: If Antonio is planning to run a scam company would he freely make himself known to public?

This is some of the example of James Harrison trading, so we can rest assure the trading did take place.
https://www.youtube.com/watch?v=QhM_zQY6eJg
https://www.youtube.com/watch?v=0KWPrU6xhAA

Back in high school I was taught the theory of Black Swan. In this theory I was taught there is no point to collect all white swans in this world to prove all swans are white, instead look for one black swan then we can prove not all swans are white. Instead of saying no trader can achieve 90% accuracy we should ask ourselves "how can we achieve 90% trading accuracy' Or has this been done before?

I also attached all the file and screen shot of ASIC website company the license that Fintechfx, IC Markets and Pepperstone hold so we can rest assure that Fintechfx is a legitimate broker like the other two . Again if someone has been scammed by Fintechfx or MIA please do share their experience. Thank you.


Attached thumbnail(s)

Newbie registered the account today.

I shall let DrFX to explain.... So tired.

Please do, I have much more to learn. Thank you.

anyone can recommended me a genuine forex broker with IB ?

First of all, you are here as a FINTECHFX/MIA Scammer or Newbie?

I reported here before how MiA executed the trades by hiding real time trades and appeared only upon closed.

As a newbie. I would like to find out solid prove that MIA/FINTECHFX is scammer. So far I only found that Fintechfx has all the relevant licenses to operate as a broker. Of course not just screaming this broker is a scam or that broker is a scam without solid evidence. By all mean if I been scam then I would like to know coz it is still possible for me to pull out my money. Thank you.

You can't know it is "scam" until they exit. From our past experiences and identified principals, we never failed to identify any "scam tactic" and they were gone within 1 year....

Thank you Jack. From your past experiences do those brokers hold any license from US, AU or UK?

The last one that GG yes ........

Buying license or applying license is not costly if their motive is so.

You should get what I meant.

Yes I know what you mean. It is just shocking with heavily regulated from NFA and ASIC any scam company can get away with it. Is GG name of a broker?

anyone can recommended me a genuine forex broker with IB ?

can anyone can recommend me Fxpro or Pepperstone IB ?

It seems like they are holding a commodity trading NFA license which cost very much lesser. Not a Forex broker license.