Question: What's the merit of Fixed Spread MT4 (MetaTrader4) account of HotForex?
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HotForex offers “FIX account” with the minimum spread starting from 1.8 pips.
Another account “Zero account” offers spread from 0.0 pips with only 6 USD of trading commissions.
You may be wondering, then who would open the FIX account though, there are mainly two advantages of this account type.
1. Easy Calculation on the account
HotForex’s FIX account doesn’t have extra trading costs, thus the spread which is fixed is the only trading cost you need to pay.
As the spread is fixed, you can calculate trading costs very easily without worrying about spread widening up in regular basis.
You can make sure that you are trading by following your trading plan completely.
2. Suitable for EAs and trading programs
Spread being fixed is also preferable for programs, such as technical indicators and expert advisers on MT4.
You can set up your own EAs for the spread offered in the account, and it won’t have errors or other calculation mistakes.
According to the HotForex MT4’s historical data, the spread is fixed for 99,73% of the times.
You can see how accurate is the market condition is with the %.
