HOTFXCRYPTO has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
HOTFXCRYPTO locked my account without warning and demanded documents I had already submitted. since early this year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Full transparency|Automated trading options|Wide product range|Good analytical tools
Cons: Search feature is basic|Minimum deposit could be lower
HOTFXCRYPTO changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Tax reports included|Low minimum deposit|Portfolio tracking tools
Cons: Onboarding videos are outdated|Currency conversion fee exists
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that HOTFXCRYPTO has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Flagged by Comisión Nacional del Mercado de Valores|Cannot verify credentials
I requested my data from HOTFXCRYPTO under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Fast deposits|Fast support response|Multiple order types
Cons: Alert system is basic
Tried to withdraw my funds from HOTFXCRYPTO and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive