Trading on gold with Hotforex?

[dangtrader]

Anybody traded gold on Hotforex? Do they offer it like futures or CFD contracts? How is spreads on this instrument?

[dangtrader]

Originally Posted by dangtrader

Anybody traded gold on Hotforex? Do they offer it like futures or CFD contracts? How is spreads on this instrument?

Still no reply.. anybody alive?

[PapiaKhatunAsha]

I do prefer doing on Gold, but not too sure about HotForex. It is so important that we are careful with doing things because it makes such a major difference and can really decide up between success and failure.

[Nikolas84]

HotForex spreads are ok. They offer CFD trading only, but this is the way you trade with most of the brokers. I traded with them in the past, not quite recently, but I know they offer competitive spreads.

[dangtrader]

Originally Posted by Nikolas84

HotForex spreads are ok. They offer CFD trading only, but this is the way you trade with most of the brokers. I traded with them in the past, not quite recently, but I know they offer competitive spreads.

Indeed their spreads are tight. By the way have you tried their zero spread account?

[dangtrader]

Originally Posted by PapiaKhatunAsha

I do prefer doing on Gold, but not too sure about HotForex. It is so important that we are careful with doing things because it makes such a major difference and can really decide up between success and failure.

I think you need to try trading with Hotforex, gold spreads are really tight and execution is lightning fast :)

[dangtrader]

Originally Posted by Nikolas84

HotForex spreads are ok. They offer CFD trading only, but this is the way you trade with most of the brokers. I traded with them in the past, not quite recently, but I know they offer competitive spreads.

Have you ever used their fixed spread account? What do you think about using it for news trading?

[dangtrader]

Originally Posted by Nikolas84

HotForex spreads are ok. They offer CFD trading only, but this is the way you trade with most of the brokers. I traded with them in the past, not quite recently, but I know they offer competitive spreads.

Why don't you like CFDs? They have pretty good liquidity and trading costs are also low, I think they are perfect for scalping.

[chin100]

Originally Posted by dangtrader

Why don't you like CFDs? They have pretty good liquidity and trading costs are also low, I think they are perfect for scalping.

It's not about whether somebody prefers futures but it's the difference between cfd and futures. Even though, both instruments are traded on margin and somewhat similar, there are some differences which any trader should be aware of.