Anybody tried Hotforex Fixed spread account?

[dangtrader]

Guys,

What do you think about Fixed spread accounts in general?
Are they efficient for news trading, I see that they're not vulnerable to spread widenings but is spread widenings is biggest problem in news trading?
I'm going to try Hotforex fixed spread account with NFP and let you know how it worked.
Any replies are appreciated

[dangtrader]

Hey guys I need your feedback ASAP, anybody has experience with fixed spread accounts? How it works?

[rohmatul]

FIX spread is good for traders that using EA, EA need fix calculation not floating calculation. I recommended to use Lite Account in liteforex broker. good execution and EA is totally allowed.

[PapiaKhatunAsha]

Frankly speaking, I am not so much of a fan of HotForex, as I feel it’s not something that’s comfortable for beginners. And this is where I feel it’s better to go for one that’s more reliable and trustworthy to work with.

[dangtrader]

Originally Posted by rohmatul

FIX spread is good for traders that using EA, EA need fix calculation not floating calculation. I recommended to use Lite Account in liteforex broker. good execution and EA is totally allowed.

Yeah it is good for EA but not high frequency ones because they need low transaction costs.

[BubbleGum]

In fact, HotForex and HF Markets only offer variable spreads. This means that nowhere with this broker can you access a fixed-spread situation. This is neither a positive or negative point, but something you should be aware of when opening a HF Markets account.