Current best fixed spread Brokers
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Thread: Current best fixed spread Brokers

  1. #1
    Hello, im looking for the very best fixed spread brokers, particularly brokers that maintain those spreads repaired during volatile times and news statements. I plan on scalping during those times and I wish to prevent requotes or slippage as much as I can. I have done a little bit of research on the internet and I ve even called a couple brokers, but id also like to hear that you guys experience. Thank you

  2. #2
    Quote Originally Posted by ;
    hello, im looking for the very best fixed spread brokers, particularly brokers that keep these spreads repaired during volatile times and news announcements. On scalping during these times, I plan and I wish to avoid requotes or slippage as far as I can. I did a little bit of research online and I even called a few brokers, but id also like to hear you guys experience. Thank you
    I trade on news time on Hotforex fixed spread account, it solves spread widening problem but slippage problem remains. .
    News trading on retail broker has been never an easy task.

  3. #3
    Quote Originally Posted by ;
    quote I exchange on news time on Hotforex fixed spread account, it solves spread widening issue but slippage problem remains. . News trading on retail broker has been never a simple task.
    Hi Leebsurag, whats your experience trading the news with HF, is there too much slippage ? And does the spread actually stay fixed regardless of what news comes out ? Additionally whats for news trading, the zero spread account or the spread ? Thanks.

  4. #4
    Quote Originally Posted by ;
    quote Hi Leebsurag, whats your experience trading the news with HF, is there too much slippage ? And does the spread really remain fixed no matter which news comes out ? Also whats better for news trading, the zero spread account or the adjusted spread ? Thanks.
    Well unfortunately there is not any stable pattern of platform behavior. Quality of order filling is based on numerous factors, beginning from the speed of internet connection to the market agiotage relative to this news release. Hotforex is fairly quickly during NFP and Central Bank occasions where I take with 1 to 10 lot orders together with slippage from 0 to 10 pips (maximum). I would advise that you to experiment and not stick to a trivial trading pattern. Use system of limit orders and pre-news entries, etc.. News trading is not that easy and simple as somebody may think. .
    Good luck.

  5. #5
    Forex market becomes more unpredictable during the news release and almost become crazy during NFP therefore the new traders must trade safely and carefully.

  6. #6
    Quote Originally Posted by ;
    Forex market grows more unpredictable throughout the news release and almost become crazy throughout NFP therefore the new traders should trade safely and carefully.
    It gets so unpredictable than basic S/R levels stop working. Market gets out of equilibrium it means there could concentrate heavy trading forces on one side as well as such fundamental egy as working on pullbacks becomes very chy. Basically S/R levels disappear and you won't ever understand where the momentum runs out of steam. News trading is more concerning cautious analysis of pre-release market sentiments, is there something special in some report (for example it can influence a decision of Central bank, etc.). Readings tell nothing if you don't understand what markets price in and your primary task is to examine that.

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