Even at news time? Does Hotforex allow to trade on news? In my experince some brokers don't.
during high volatility or news release, yes the spreads do widen a bit, but manageable in my experience. though im not much of a scalper really
are we talking about email support? live support? usually live support answers in a seconds.
It's in 24 hours, I normally send inquiries in the afternoon and I get the answers same time on the next day. Most professional companies as Paypal, Blizzard always set 24 hours for responding inquiries.
Many of them impose various restrictions, like order lifetime (1-5 minutes minimum), volume caps, a cut from profits (for example 10%). Hotforex has no I guess because traded news several times and didn't notice anything strange.
yup that i have to agree, there are time that i do scalp with seconds on a volatile market, with high lot sizes and it goes through easy. though im not much of a scalper really..
A bit unclear what you'd wanted to say but guess I'll need to learn this from my own experience as there is no members who has tried Fixed spread account. I just think that 1.8 fix spread on EUR/USD (what they claim to be in their platform) is pretty good for news, now I have spread widened to 2 pips during news and want to somehow reduce my trading costs. This seemingly flexible platform needs to be tested, so I'll let you know guys as soon as I finish my work here and spend some time on it
do keep us posted on how it goes, but i hypothetically think that fixed spread are fixed no matter how volatile the market is. I guess. but just to be sure ill drop support an email later this week and see what they have to say..
Have you been trading with them from since their inception. Quite a long time... I'm only from 2013 with them..No problems since 2010 with hotforex. Keep going Hotforex
on a personal note and in general, like why trade some one else when there is nothing to complaint about, hopefully this broker will continue to do better.. btw any insights on gold this week, with prices down to 1235, im kinda in a tightspot, market is back to sideways.
Of course they allow the question is are you smart enough to beat the market when it acts wildly.
I find really hard to trade gold. Sometimes it drops when US dollar strengthens sometimes they both rise or both fall. I guess it depends on risk sentiments, as gold is safe heaven, current volatility could make gold as an asset where big money ride out storms...
Btw which account do you use with hotforex?
but on a positive note, though gold does have some big moves and on the other hand have no moves at all, but its pacing is a lot slower than majors which makes it easier to trade/swing, i dont scalp much. so its more of my cup of tea.
looking at myfx.com they do have a list of well known brokers they support with this platform not bad at all.. though im sticking to mt4 for now,.
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