FXOpen Review 2024

What is FXOpen?

FXOpen is a retail and institutional forex broker. that offers online trading services via MetaTrader 4, MetaTrader 5, and TickTrader trading platforms. It provides access to the electronic communication network (ECN) to trade currency, commodity, indices, and stock CFDs. FXOpen is recognized as one of the world’s leading and fastest-growing Forex brokers. They offer their customers attractive trading conditions, fast order execution, and the industry’s most advanced and innovative technological solutions. FXOpen offers a variety of trading accounts designed for traders with different levels of experience and skills – from novice traders to savvy professionals. You can choose the type of account that best suits your style of trading, capital, and risk tolerance. The company offers deep liquidity with spreads from 0.0 pips. Day traders can make use of either ECN or STP account types. The minimum deposit starts from $100. , and the minimum transaction size is 0.01 lots. FXOpen offers a wide range of trading instruments. This includes 50+ FX Spot CFDs, 25+ Cryptocurrency CFDs, Shares CFDs, Index CFDs, Spot Metals CFDs, and Commodity CFDs. In summary, FXOpen is a comprehensive platform for forex and CFD trading, offering a wide range of instruments and advanced trading platforms. It caters to both retail and institutional traders, providing them with the tools and conditions necessary for successful trading.

What is the Review Rating of FXOpen?

What are the Pros of FXOpen?

FXOpen is a well-established forex broker that offers a wide range of benefits to its clients. Here are some of the key advantages:. 1. Extensive Experience and Reputation FXOpen has been offering online trading services to over 1 million clients across the globe since 2005. This extensive experience in the market has allowed them to build a strong reputation and trust among traders. 2. ECN Broker As an ECN broker, FXOpen provides direct access to other participants in the forex markets. This means that clients can benefit from tight spreads, reliable execution speeds, and competitive commissions. 3. Wide Range of Trading Instruments FXOpen offers a wide range of trading instruments. This includes trading of currency pairs, indices, commodities, shares, and cryptocurrencies. This variety allows traders to diversify their portfolio and find opportunities in different markets. 4. Advanced Trading Platforms FXOpen provides traders with the MetaTrader 4 and MetaTrader 5 platforms. These platforms are known for being user-friendly, fully customizable, and having a range of built-in trading tools to assist traders with their market analysis. 5. Low Minimum Deposit FXOpen has a very low minimum deposit requirement, making it accessible for traders with different investment capacities. 6. Excellent Support FXOpen is known for its excellent customer support. They are ready to assist their clients whenever needed. 7. Regulated Broker FXOpen is a regulated broker, which means that it adheres to strict standards of operation and that clients’ funds are safe and secure. 8. Access to Major Liquidity Providers FXOpen uses some of the biggest liquidity providers, including Barclays Capital, Bank of America, JPMorgan, Morgan Stanley, Deutsche Bank AG, RBS, CITI, UBS, HOTSPOT INST, and GOLDMAN. This ensures reliable and fast execution of trades. 9. PAMM Accounts FXOpen offers PAMM accounts, which allow investors to earn without having to trade on their own. They can choose a skilled trader to manage their funds. 10. Cryptocurrency Trading FXOpen also provides access to cryptocurrency trading, allowing traders to take advantage of this growing market. In conclusion, FXOpen offers a comprehensive trading environment that caters to both beginner and professional traders. Its wide range of trading instruments, advanced trading platforms, and excellent customer support make it a preferred choice for many traders.

What are the Cons of FXOpen?

FXOpen is a well-established forex broker that has been offering online trading services since 2005. However, like any other broker, it has its own set of disadvantages. Here are some potential cons of FXOpen:. Inactivity Fee: FXOpen International charges an inactivity fee. This could be a disadvantage for traders who do not trade frequently or leave their accounts inactive for a certain period of time. Limited Product Portfolio: While FXOpen provides access to a variety of markets, including forex, commodities, stocks, and cryptocurrencies. , the product portfolio might still be limited compared to other brokers. This could be a disadvantage for traders looking for a wide range of trading instruments. Complex Fee Structure: FXOpen’s fee structure might be complex for some users. For instance, the broker’s spreads start from 0.0 pips and commissions start from $1.50 per lot. While these rates are competitive, understanding and calculating costs might be challenging for some traders, especially beginners. Platform Compatibility: FXOpen provides ECN and STP trading on the MetaTrader 4 (MT4) platform. While MT4 is a popular and robust platform, it might not be compatible with all devices. For instance, Mac users might face difficulties in downloading and installing the platform. Customer Support: While FXOpen offers customer support, the quality and responsiveness of the support team could be a potential area of improvement. Timely and effective customer support is crucial in the fast-paced forex market. Please note that these cons are based on available online reviews and user experiences. It’s always recommended for traders to do their own research before choosing a forex broker. The trading experience can vary based on individual trading needs and preferences.

What are the FXOpen Current Promos?

FXOpen, one of the world’s leading and fastest growing Forex brokers. , is currently offering several promotions that are designed to attract new clients and reward existing ones. Here are the details:. No Deposit Bonus for TickTrader Accounts. FXOpen is offering a No Deposit Bonus for TickTrader Accounts. To get the bonus, clients need to register an FXOpen eWallet, get Grade 1 verification, and open a TickTrader ECN account. The bonus is credited to the first TickTrader trading account only and is valid for 3 months from the eWallet registration date. The bonus cannot be withdrawn from the account or transferred to another trading account. Only the profit from trading can be withdrawn at any time after making 1 lot of trading turnover. A regular $10 No Deposit Bonus for Tick Trader ECN accounts is available for the clients of the same category with Grade 2 verification. TickTrader Platform. FXOpen TickTrader is a brand-new, cutting edge trading platform that combines the most popular financial asset classes into one individual trading account: FX Spot, Metals CFD, Commodities CFD, Crypto, US Stocks CFD, Index CFD. It offers extensive trading tools for advanced data analysis, advanced order types, one/double click trading mode, a trading alert system with easy setup, a detailed charting system, a strategy back tester, and Level 2 pricing. No-Deposit Welcome Bonus on STP. FXOpen is also offering a No-Deposit Welcome Bonus on STP. With an STP account, clients can enjoy all the advantages of STP technology, such as no commissions, floating spreads, ECN liquidity, and a minimum contract of 0.01 lots. Each client may only get one bonus that can be credited to the STP account. These promotions provide a great chance to join the Forex community and start Forex trading without an initial deposit. They also offer the opportunity to earn additional funds with FXOpen.

What are the FXOpen Highlights?

FXOpen, one of the world’s leading and fastest-growing Forex brokers, offers its customers attractive trading conditions, fast order execution, and the industry’s most advanced and innovative technological solutions. The year 2023 commenced after two years of economic uncertainty and heavy inflation across Europe and North America, home to leading financial markets, with major currencies such as the euro and the US dollar, and financial hubs including London, New York, Chicago, Frankfurt, and Toronto. These continents, where major stock exchanges operate and the S&P 500, NASDAQ, and FTSE 100 indices represent the top stocks of the top listed companies in Britain and the US, witnessed a dynamic interplay of economic recovery, inflation challenges, and policy adjustments. The European and North American economies had spent 2023 recovering from a sustained period of inflation and cost of living issues (Britain and mainland Europe), and in the US, yet more bank collapses and a close call with state insolvency as the US Government had to raise the debt ceiling to stop it defaulting on its existing commitments, highlighting the country’s huge national debt. Inflation did decline during 2023, but central bank policy on both sides of the Atlantic favoured continued increases in interest rates, despite the US inflation going down from 11% in mid-2022 to around 3.1% now, and the British inflation rate is 3.9% now whereas it was also in double figures during 2022. With regard to indices, the outright performer during the course of this year has been the S&P 500, which has managed to achieve a return of approximately 24% year-to-date, which is a remarkable increase over its usual average of approximately 10%. As far as global indices are concerned, this stellar performance from the companies whose listed stocks are included in the S&P 500 index puts it in second place globally, with only the Nasdaq 100 Index having outshone it. However, it is worth noting that Japan’s Nikkei 225, whilst not considered one of the top performers by many analytical publications, has done well with a gain of 26.35% year-to-date. Thus, depending on the rankings referred to, the S&P 500 ranks between second and third place in terms of annual performance - but the point is that it has more than doubled its annual average in 2023. What is fascinating about this is that just seven companies, those being Apple, Google’s parent Alphabet, Meta Platforms (formerly Facebook), Microsoft, NVIDIA, Amazon.com, and Tesla, had driven the S&P 500 index to its stratospheric growth during the first six months of 2023. What a contrast to the previous year’s tech stock doldrums!. In commodities markets, international relations, politics, and, in the case of the past two years, wars in regions with oil-producing significance are historically major factors causing market volatility.

Is FXOpen Legit and Trustworthy?

FXOpen is a well-established forex broker that has been in operation for several years. It has garnered a reputation for being both legitimate and trustworthy. The company has received numerous positive reviews from its clients, who have praised its professional services, helpful staff, and the variety of trading instruments available. Some clients have even described FXOpen as one of the best brokers in the forex and crypto trading industry. However, like any broker, FXOpen has also faced some criticism. For instance, there were complaints about sudden changes in terms and conditions without prior warning, and issues with support tickets not being resolved promptly. In one specific case, a technical glitch resulted in the non-crediting of swaps, which was later rectified. FXOpen is authorized and regulated by the Financial Conduct Authority (FCA), which adds to its credibility. The company also has a high trust score of 80 out of 100. , further indicating its legitimacy and trustworthiness. In conclusion, while no broker is perfect, FXOpen appears to be a legitimate and trustworthy option for forex trading. As always, potential traders should conduct their own due diligence before choosing a broker.

Is FXOpen Regulated and who are the Regulators?

FXOpen is indeed a regulated broker, supervised by several regulatory authorities across different jurisdictions. This ensures that the broker adheres to the stringent standards set by these regulators, providing a secure and transparent trading environment for its clients. FXOpen AU Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC) under AFSL license No. AFSL 412871. ASIC is one of the most respected regulatory bodies in the world, known for its rigorous oversight of financial markets and protection of investor interests. As part of ASIC’s requirements, FXOpen is also a member of the Financial Ombudsman Service (FOS) in Australia. , which provides an additional layer of protection for traders against potential fraudulent activities. In addition to ASIC, FXOpen EU Ltd, based in Limassol, Cyprus, is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13. CySEC is another well-regarded regulator in the financial industry, particularly within the European Union, known for its strict regulatory standards and investor protection measures. Furthermore, FXOpen UK is authorised and regulated by the Financial Conduct Authority (FCA) in the UK. The FCA is one of the most prestigious financial regulatory bodies globally, known for its stringent regulatory standards and robust investor protection measures. As part of the FCA’s requirements, client money is held in fully segregated UK bank accounts, and retail client funds are fully protected up to £85,000 by the Financial Services Compensation Scheme (FSCS). It’s important to note that while FXOpen is regulated by these top-tier regulators, its offshore entity remains unregulated. Therefore, traders should exercise caution and ensure they are dealing with the regulated entities of FXOpen. In conclusion, FXOpen’s regulation by multiple top-tier regulatory bodies provides a high level of security and trust for its clients. However, as with any investment, it’s crucial for traders to conduct their own due diligence and understand the risks involved in forex trading. Remember, your capital is at risk when trading CFDs with this provider.

Did FXOpen win any Awards?

FXOpen, a renowned player in the Forex market, has indeed been recognized with several awards over the years. Here are some of the notable ones:. Innovative Broker of 2022: In the recently concluded Traders Union Awards-2022, FXOpen was named the Innovative Broker of the year. This award recognizes FXOpen’s commitment to introducing technological innovations to benefit traders. A significant contributor to this recognition was the introduction of TickTrader, an innovative trading platform. Certificate for High-Quality Order Execution (2018): This certificate was awarded by VerifyMyTrade and the Financial Commission. It acknowledges FXOpen’s commitment to providing high-quality order execution in the Forex market. IB Times Trading Awards (2011): FXOpen bagged three awards from IB Times Trading Awards. These include the Best Islamic Forex Broker, Best South-East Asia Forex Broker, and Best ECN Forex Broker. The Falcon Award for The Best Trading Platform (2010): This award recognizes the effectiveness and efficiency of FXOpen’s trading platform. In addition to these awards, FXOpen has also been successful in Forex trading contests. Since 2015, over 1,500 traders have won prize money and bonuses with a total amount of $200,000. These awards and recognitions highlight FXOpen’s commitment to excellence and innovation in the Forex market. They have been at the forefront of the Retail Forex industry, offering the best trading conditions, training, and financial services to traders around the world. Their ECN/STP service is unique in the way that it bridges the world’s top liquidity providers into one MT4 platform, offering not only an ECN price feed but also true ECN/STP execution and fills. FXOpen also provides an excellent PAMM service that combines multiple accounts into one account for the convenience of money managers. They have been one of the foremost trading services for Islamic traders with Sharia-compliant swap-free accounts. As a company with a global vision, FXOpen has been and always will be a company that tries to understand the different needs of traders from all cultures and beliefs. With its extensive global reach, wide range of services, strong growth, and experienced team of professionals, FXOpen is indeed a significant player in the Forex market.

How do I get in Contact with FXOpen?

FXOpen, a leading player in the forex market, provides several avenues for customers and interested parties to get in touch with them. These contact methods ensure that FXOpen maintains a high level of customer service and is able to address the needs of its diverse client base. Email: One of the primary ways to contact FXOpen is through email. For general inquiries or if you are not an FXOpen client yet, you can reach out to them at [email protected]. For trading-related queries, you can contact their Trading Desk at [email protected]. and [email protected]. For media inquiries, the contact email is [email protected]. Phone: FXOpen also provides phone support. The contact number for their New Zealand office is +64-9-801-0123. In the European Union, you can reach them at +357 25024000. For their UK office, the contact numbers are +44 (0) 203 514 2318 and +44 (0) 203 519 1224. Customer Support Portal: FXOpen has a dedicated Customer Support Portal where you can submit a ticket. To log into the Customer Support Portal, use your email and MyFXOpen password. Live Chat: For real-time assistance, FXOpen offers a Live Chat feature where you can get general information about FXOpen’s products and services. Office Locations: FXOpen has offices in various locations. Their registered address in Nevis is Charlestown, Nevis P.O. Box 590, Springates East, Government Road, Charlestown, Nevis. In the European Union, their office is located at 38 Spyrou Kyprianou Street, CCS BLDG - Office N101, 4154 Limassol, Cyprus. In the UK, their office is at 80 Coleman Street, London, EC2R 5BJ, United Kingdom. Please note that all communications are subject to FXOpen’s Communication Policy.

Where are the Headquarters from FXOpen based?

FXOpen, a renowned player in the forex trading industry, has its headquarters strategically located in multiple parts of the world. This multi-location approach allows FXOpen to cater to a global clientele and adhere to regional regulatory requirements. The primary headquarters of FXOpen is situated in Perth, Australia. This location serves as a significant hub for FXOpen’s operations in the Asia-Pacific region. The Australian branch, FXOpen AU Pty Ltd, is licensed and regulated by the Australian Securities & Investments Commission (AFSL 412871) since July 2012. In addition to Australia, FXOpen has a significant presence in London, United Kingdom. The London office, FXOpen Ltd, is regulated by the Financial Conduct Authority (FCA no. 579202) in the United Kingdom since March 2013. This strategic location allows FXOpen to cater to its clients in Europe and surrounding regions. FXOpen also has a registered address in Charlestown, Nevis. This location further extends FXOpen’s global footprint and allows it to serve a diverse range of clients. Lastly, FXOpen has a registered office in Auckland, New Zealand. The New Zealand branch, FXOpen LP Limited, provides trading technology platforms to wholesale customers. In conclusion, FXOpen’s multi-location headquarters strategy allows it to effectively cater to its global clientele and comply with regional regulatory requirements, thereby solidifying its position as a leading player in the forex trading industry. Please note that this information is accurate as of the last update and for the most current details, it’s always best to visit the official FXOpen website or contact them directly.

What kind of Customer Support is offered by FXOpen?

FXOpen offers a comprehensive customer support system to cater to the needs of its clients in the Forex market. Here are the key features:. Email Support: Clients can reach out to FXOpen via email at [email protected] This service is available for both existing and prospective clients. Customer Support Portal: FXOpen provides a dedicated Customer Support Portal where clients can submit a ticket to any of the departments including sales, finance, trading desk, and support. To log into the Customer Support Portal, clients need to use their email and MyFXOpen password. Phone Support: FXOpen offers phone support with a dedicated line in New Zealand. This allows clients to have direct verbal communication with the support team for immediate assistance. Live Chat: For general information about FXOpen’s products and services, clients can use the Live Chat feature which is available 24/5. Knowledge Base: FXOpen has a comprehensive Knowledge Base that provides detailed information on a wide range of topics including registration, account settings, security, trading accounts, trading platforms, payments, partnership program, and more. This is a self-service resource where clients can find answers to many of their questions. Communication Policy: All communications with FXOpen are subject to the company’s Communication Policy. This ensures that all interactions are conducted in a professional and respectful manner. In conclusion, FXOpen’s customer support system is designed to provide a seamless experience for its clients in the Forex market. It offers multiple channels of communication to ensure that clients can reach out for support in a way that is most convenient for them.

Which Educational and Learning Materials are offered by FXOpen?

FXOpen, a leading player in the forex market, offers a wide range of educational and learning materials to enhance trading proficiency. These resources are designed to help traders at all levels of experience, from beginners to seasoned professionals, to stay abreast of market trends and hone their trading techniques. Online Resources: Investopedia: A comprehensive website that offers learning materials suitable for traders at any experience level. It covers a diverse range of topics, including trading, investing, and personal finance. TradingView: A social platform that provides access to various trading tools, including charts of a wide range of financial instruments and technical analysis tools. It hosts a vibrant community where traders can engage in discussions and share educational ideas. ChartSchool: Specialising in technical analysis and charting, ChartSchool presents articles covering essential topics such as chart patterns, indicators, and other technical tools. . Top Trading Courses: Corporate Finance Institute: An online education platform that offers courses on finance, accounting, and investment banking. It provides in-depth knowledge and practical skills for traders, covering topics like financial modelling, valuation, risk management, and portfolio management. Babypips: A platform that provides one of the best stock trading courses for traders. It offers a structured curriculum and interactive quizzes. Coursera: An education platform that offers great trading courses. The courses taught by industry experts focus on financial markets, trading strategies, and risk management. Udemy: An e-learning platform that allows instructors to create and publish online courses. Instructors can upload various materials to enhance their students’ learning experience. . FXOpen also regularly updates its blog with market analysis and educational articles for traders with any level of experience. These resources are designed to provide traders with the knowledge and skills they need to succeed in the fast-paced world of forex trading. By leveraging these resources, traders can enhance their understanding of the market, refine their trading strategies, and ultimately, improve their trading performance.

Can anyone join FXOpen?

FXOpen is a leading and rapidly growing Forex broker that offers its customers attractive trading conditions, fast order execution, and the industry’s most advanced and innovative technological solutions. It provides a variety of trading accounts designed for traders with different levels of experience and skills, from novice traders to savvy professionals. To join FXOpen, you need to open an eWallet, a tool for managing your funds and trading accounts in the My FXOpen area. The steps to open a trading account are as follows. Log in to your My FXOpen personal area. Select the type of account you need. Read and accept the important documents. Fill in the account opening form. Once the process has been successfully completed, you will see the registration data for your new trading account. To start trading on a live account, you need to add funds to your trading account via any available payment systems in My FXOpen and install a trading platform or use Web Trader. FXOpen also provides the opportunity to open a free FXOpen Demo account. This allows you to trade and experience the real market conditions, without the risk of losing real money as you operate with virtual money. However, it’s important to note that residents of the United States are not eligible to apply for an FXOpen live trading account. Traders with moderate to advanced experience levels will enjoy working with FXOpen. Please note that trading involves risk and it’s important to understand the risks involved before starting to trade. Always trade responsibly and seek advice from a financial advisor if needed.

Who should NOT sign up with FXOpen?

While FXOpen is a well-regarded forex broker with a variety of services. , it may not be the ideal choice for everyone. Here are some types of traders who might want to consider other options:. Carry Traders: FXOpen may not be suitable for carry traders. A carry trade involves borrowing in a low-interest-rate currency and investing in a high-interest-rate one. However, a user review indicates that carry trade on currency pairs is no longer possible at FXOpen. This is due to the removal of swaps for all pairs. Traders who require immediate support: Some users have reported a delay in response from the support team. If immediate assistance is crucial for your trading strategy, this could be a potential drawback. Traders who prefer a wide range of instruments: While FXOpen offers over 600 instruments. , not all instruments are accessible on some accounts. Traders who require access to a specific set of instruments should verify their availability before signing up. Traders averse to fees: FXOpen charges an inactivity fee and withdrawal fees apply for some methods. Traders who are inactive for extended periods or who frequently withdraw funds might find these fees burdensome. Traders in certain locations: FXOpen does not accept clients from the United States. Traders based in the US will need to look for other brokers. Remember, it’s essential to thoroughly research and consider your specific needs before choosing a forex broker. While FXOpen has many strengths, it’s crucial to ensure it aligns with your trading goals and strategies.

Does FXOpen offer Discounts, Coupons, or Promo Codes?

FXOpen, a major player in the online forex trading industry, does offer various promotional deals and discounts. However, it’s important to note that they very rarely issue promotional discount codes. One of the notable promotions is the $100 Off deal. This offer allows traders to get up to $100 off on Forex Trading with Instant FXOpen Competitor Codes. This promotion has been used by many and is a great way to save on your forex trading expenses. In addition to this, FXOpen also offers a No Deposit Bonus for TickTrader Accounts. To avail this bonus, one needs to register an FXOpen eWallet, get Grade 1 verification, and open a TickTrader ECN account. The bonus is credited to the first TickTrader trading account only and is valid for 3 months from the eWallet registration date. However, the bonus cannot be withdrawn from the account or transferred to another trading account. Moreover, FXOpen also provides other discounts and deals through various platforms. For instance, you can get up to 50% Off TurboTax at eBay, up to 20% Off FXOpen at Walmart (Free Next-Day Shipping on Eligible Orders $35+), and up to 20% Off FXOpen at Macy’s. Please note that these offers and promotions are subject to change and it’s always a good idea to check the official FXOpen website or reliable coupon sites for the latest deals. Remember, while these promotions can provide significant savings, it’s crucial to understand the terms and conditions associated with each offer. Happy trading!.

Which Account Types are offered by FXOpen?

FXOpen offers four different account types for forex trading: Micro, STP, ECN, and Crypto. Each account type has its own set of conditions for commission, fees, margin calls, leverage, and minimum deposits. Here is a detailed comparison of the account types:. Micro Account: This account type is designed for novice traders who want to start trading with a small amount of capital. The minimum deposit required is $10, and the maximum balance is $3,000. The spread is floating, and the minimum transaction size is 0.01 lots. The maximum transaction size is not limited, and up to 100 trades can be open at the same time. The leverage is up to 1:500, and the margin call and stop out levels are 50% and 30%, respectively. STP Account: This account type is designed for traders who want to trade with no commission. The minimum deposit required is $10, and the maximum balance is not limited. The spread is floating, and the minimum transaction size is 0.01 lots. The maximum transaction size is not limited, and up to 100 trades can be open at the same time. The leverage is up to 1:500, and the margin call and stop out levels are 30% and 15%, respectively. ECN Account: This account type is designed for professional traders who want to trade with raw spreads and low commissions. The minimum deposit required is $100, and the maximum balance is not limited. The spread is floating, and the minimum transaction size is 0.01 lots. The maximum transaction size is not limited, and there are no restrictions on the number of open trades. The leverage is up to 1:1000, and the margin call and stop out levels are 100% and 50%, respectively. Crypto Account: This account type is designed for traders who want to trade with cryptocurrencies. The minimum deposit required is $10, and the maximum balance is not limited. The spread is floating, and the minimum transaction size is 0.01 lots. The maximum transaction size is not limited, and up to 100 trades can be open at the same time. The leverage is up to 1:3, and the margin call and stop out levels are 30% and 15%, respectively. . I hope this information helps you. Let me know if you have any other questions!.

How to Open a FXOpen LIVE Account?

Opening a live account with FXOpen, one of the world’s leading and fastest-growing Forex brokers. , involves a series of steps. Here’s a detailed guide:. Step 1: Register for an eWallet First, you need to open an eWallet, a tool for managing your funds and trading accounts in the My FXOpen area. You can register easily and securely with FXOpen. Step 2: Log in to My FXOpen Once you have registered, log in to your My FXOpen personal area. This is your main hub for managing your trading activities. Step 3: Choose the Type of Account Select the type of account that best suits your style of trading, capital, and risk tolerance. FXOpen offers a variety of account types, including ECN, STP, Crypto, and Micro, each with different features and benefits. Step 4: Accept the Important Documents Read and accept the important documents. These include the FXOpen Client Agreement, Main account Terms of Use, and Privacy Policy. Step 5: Fill in the Account Opening Form Fill in the account opening form. This will include personal details and financial information to ensure compliance with financial regulations. Step 6: Fund Your Account Once the process has been successfully completed, you will see the registration data for your new trading account. To start trading on a live account, add funds to your trading account via any available payment systems in My FXOpen. Step 7: Choose Your Trading Platform Choose your trading platform. FXOpen offers several options, including TickTrader, Metatrader 4, Metatrader 5, or TradingView. Step 8: Start Trading Once verified and funded, you can start trading with spreads from 0.0 pips. FXOpen also provides the opportunity to open a free FXOpen Demo account. This allows you to trade and experience the real market conditions, without the risk of losing real money as you operate with virtual money. Remember, Forex trading involves significant risk of loss and is not suitable for all investors. Always trade responsibly and seek professional advice if necessary. Happy trading!.

How to Open a FXOpen DEMO account?

Opening a FXOpen Demo account is a straightforward process that allows novice traders to practice Forex trading without putting real money at risk. Here’s a step-by-step guide on how to do it:. Step 1: Visit the FXOpen Website Start by navigating to the homepage of the FXOpen website. Step 2: Select ‘Demo Account’ On the homepage, look for and select the ‘Demo Account’ option. Step 3: Choose the Account Type You will be presented with various account types such as ECN, STP, and Crypto. Select the one that best suits your trading needs. Step 4: Fill in the Form Next, fill in the form with the required details. This typically includes your email address. Step 5: Generate Your Main Account Password If required, generate your Main account password. Step 6: Save Your Account Details Your Main account and Demo account details will be displayed on the screen and sent to your email. Make sure to save them in a safe place. Step 7: Start Trading Now, you can start trading in real trading conditions without the risk of losing real money. It’s a safe environment for beginners to make their first steps in the world of Forex trading, where they can learn, practice, and try different trading strategies. Remember, no verification is required for trading on Demo accounts. So, you can start practicing your trading skills with the FXOpen Forex broker right away.

How Are You Protected as a Client at FXOpen?

As a client at FXOpen, you are protected in several ways:. Fund Protection: All retail clients of FXOpen, regardless of their nationality, have their funds fully protected up to £85,000 by the Financial Services Compensation Scheme (FSCS) in the event that FXOpen is unable to return client money. Account Security: FXOpen provides multi-factor authentication, security identities, SMS security codes, and security codes via Google Authenticator to ensure the security of your account. Trading Conditions: FXOpen offers attractive trading conditions, fast order execution, and the industry’s most advanced and innovative technological solutions. They offer trading in 50 currency pairs, 25+ cryptocurrency CFDs, shares CFDs, index CFDs, spot metals CFDs, and commodity CFDs. Customer Service: FXOpen has a reputation for providing excellent customer service, as evidenced by numerous positive reviews. They are known for helping new traders in the market and providing professional services. Education and Competitions: FXOpen helps beginners learn trading through competitions and information on the forum. They also offer contests with huge prizes. However, it’s important to note that professional clients do not receive the same protections as retail clients. For example, professional clients have an obligation to make additional payments should their account fall into a negative balance. Please note that while FXOpen strives to provide the best possible service, there may be instances where issues arise. For example, there was an incident where a technical glitch resulted in the automatic non-crediting of swaps. However, FXOpen promptly rectified the issue, and the swaps were successfully credited in the subsequent days. In conclusion, FXOpen provides a secure and supportive environment for forex trading, with robust protections in place for its clients. However, as with all financial activities, trading with FXOpen involves risks, and it’s important for clients to understand these risks before engaging in trading activities.

Which Funding methods or Deposit Options are available at FXOpen?

FXOpen provides clients with numerous funding options for instant deposits and fast withdrawals. Here are some of the deposit methods available:. Bank Transfer: This method accepts currencies such as USD, GBP, AUD, CHF, and EUR. There is no commission or fees for this method. The minimum amount for deposit is 300 in the respective currency and there is no limit on the maximum amount. Visa / MasterCard: This method accepts currencies such as USD, GBP, and EUR. There is no commission or fees for this method. The minimum amount for deposit is 10 in USD or GBP and 50 in EUR. The maximum amount for deposit is 10,000 in the respective currency. Instant Bank Transfer: This method only accepts GBP. There is no commission or fees for this method. The minimum amount for deposit is 50 GBP and the maximum amount is 20,000 GBP. It’s important to note that withdrawal forms received before 12:00 (GMT) will be processed the same business day. If these are received after 12:00 (GMT) or the weekend, they will be processed the next business day. Withdrawals made by Bank Transfer usually take 1-3 business days to reach your account. Withdrawals made by Card usually take 2-5 business days to reach your account depending on your bank. FXOpen does not accept payments from third parties. Please ensure that all deposits into your trading account come from a bank account in your name. Payments from Joint Bank Accounts / Bank Cards are accepted if the trading account holder is one of the parties on the Bank Account / Bank Card. In addition to the above, FXOpen also accepts over 20 different deposit methods including Electronic Payments and Cryptocurrencies. They do not charge deposit fees when traders fund their trading account. Traders can use any of the following deposit methods which include but are not limited to: Bank Wire Transfer, Walao! Pay, Local Wire Transfers (or Skrill), and Local Deposits.

What is the Minimum Deposit Amount at FXOpen?

FXOpen, a well-regarded player in the forex market, has a very accessible entry point for those interested in starting their trading journey. The minimum deposit amount to open a real trading account with FXOpen is just $1. This low barrier to entry makes it possible for individuals from various financial backgrounds to participate in forex trading. However, it’s important to note that the minimum deposit for first-time traders might vary based on the type of trading account selected. This flexibility allows FXOpen to cater to a wide range of traders with different trading styles and risk tolerances. Once the deposit is made, activation can take up to 72 hours. This is a standard procedure to ensure all transactions are processed correctly and securely. FXOpen provides a variety of deposit options, including Visa, Mastercard, UnionPay, bank transfers, WebMoney, Neteller, Skrill, Qiwi wallet, Perfect Money, Yandex Money, Sorex Pay, Intellect Money, and RBK Money. This wide array of options provides convenience and choice for traders all around the world. As a UK-based broker, FXOpen is authorized and regulated by the Financial Conduct Authority (FCA), one of the strictest and most demanding regulating entities. This ensures that all client funds are kept in segregated accounts, separate from the broker account, and can only be used by traders to conduct trading activities. In conclusion, FXOpen’s low minimum deposit and flexible account types make it an attractive choice for both new and experienced forex traders. Its adherence to strict regulatory standards also provides reassurance of its commitment to customer fund security and ethical trading practices.

Which Withdrawal methods are available at FXOpen?

FXOpen provides a variety of withdrawal methods for its clients. Here are the details:. Wire Transfer: Wire transfer withdrawals normally take 3 working days. This method is reliable and widely used, but it may involve some fees and it might take a few days for the transfer to be completed. Electronic Payment Systems, Bank Cards, and Cryptocurrencies: Withdrawals via these methods are usually processed within 24 hours. These methods are convenient and fast, but they may involve some fees depending on the provider. Prepaid Methods: FXOpen offers prepaid voucher creation and prepaid card request. These methods can be convenient for those who prefer to use prepaid systems. Easy Bank Transfer (Trustly): This is another method offered by FXOpen. It’s a convenient way to transfer money directly from your bank account. Please note that deposits from a Credit/Debit card, and any profits made, can be withdrawn back to your card at any time. Withdrawing your profit using another payment method is possible after 30 days from your last Credit/ Debit card deposit. When multiple Credit/Debit cards have been used for depositing funds, the method and timeframes of profit withdrawal are subject to review by FXOpen’s Finance Department. To withdraw funds, log on to the My FXOpen personal area and select one of the payment systems in the Withdraw Funds menu. Fill in the form indicating the amount of withdrawal, currency, electronic wallet or account ID with the selected payment option, enter your FXOpen PIN code and click Withdraw Funds. A message will be sent to your e-mail. If you have made a withdrawal but did not get money into your account, you can check your withdrawal status in the Client Portal. If you have made a request for withdrawal but did not get a confirmation e-mail, you should check your junk folder, make sure you remember the e-mail address used for your account registration, and consider using other e-mail services. Please note that all available withdrawal options are listed on the TRADING > Payments > Deposits & Withdrawals page on the company’s website. You can get more detailed information in FXOpen Help Center. Withdrawals can be performed from FXOpen Main account and from any registered trading account.

Which Fees are charged by FXOpen?

FXOpen, a renowned forex trading platform, charges various fees depending on the payment option and currency. Here’s a detailed breakdown:. Online Banking (VND, THB, IDR): The deposit fee is 3.2% and the withdrawal fee is 2.5%. Paypaid (THB): The deposit fee is 4% and the withdrawal fee is 2%. WebMoney (USD): The deposit fee is 4% and the withdrawal fee is 0.8% (max 50 USD). AdvCash (EUR, USD, GBP): Both the deposit and withdrawal fees are 0.5%. FasaPay (IDR, USD): The deposit fee is 0% and the withdrawal fee is 0.5% (min 0.1 USD or 100 IDR). Bitcoin (BTC): The deposit fee is 0.0003 BTC and the withdrawal fee is 0.001 BTC. Bitcoin Cash (BCH): The deposit fee is 0 BCH and the withdrawal fee is 0.0005 BCH. Litecoin (LTC): The deposit fee is 0 LTC and the withdrawal fee is 0.005 LTC. Emercoin (EMC): The withdrawal fee is 0.1 EMC. Ethereum (ETH, UST): The deposit fee is 0.001 ETH or 5 UST and the withdrawal fee is 0.005 ETH or 15 UST. Tether (USD₮, US₮): The deposit fee is 5 USD₮ or 5 US₮ and the withdrawal fee is 15 USD₮ or 15 US₮. FXOpen Redeemable Voucher (EUR, USD, RUB, GBP, AUD, CAD, CHF, CNY, JPY): Both the deposit and withdrawal fees are 0%. FXOpen Prepaid Card (USD): Both the deposit and withdrawal fees are 0%. Please note that the minimum and maximum deposit and withdrawal amounts vary for each payment option. For more information about local transfers, please contact your local FXOpen representative. Current transaction fees are displayed on the official website. You can also contact the support team for actual information using FXOpen Chat. In addition to these, FXOpen charges a very nominal commission fee and tight spreads over ECN and STP accounts. On ECN accounts, the commissions are a minimum of $1, while the commissions are not applied in STP accounts. Spreads start from as low as 0.0 pips, depending on your chosen account type.

What can I trade with FXOpen?

FXOpen is a True ECN Forex Broker. that offers a wide range of trading opportunities. Here are the details:. Forex: FXOpen offers trading in 50 currency pairs. This includes major, minor, and exotic currency pairs, providing a broad spectrum of options for traders of all experience levels. Cryptocurrency CFDs: With FXOpen, you can trade in over 25+ Cryptocurrency CFDs. This includes popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. They also offer trading in crypto cross-pairs. Shares CFDs: FXOpen provides the opportunity to trade CFDs on 10 US shares. , including major companies like Boeing and Tesla. Index CFDs: You can trade CFDs on nine stock indices. with FXOpen. Spot Metals CFDs: Trading in spot metals like gold and silver is also available. Commodity CFDs: FXOpen offers the opportunity to trade in various commodities. In addition to these, FXOpen also supports scalping and high-frequency trading (HFT). They offer multiple trading platforms including MT4, MT5, TickTrader, and TradingView. The minimum deposit is 100 USD and the minimum transaction size is 0.01 lot. Please note that the trading conditions, including leverage and spreads, may vary depending on the specific instrument. Always ensure to understand the risks involved in trading and invest responsibly.

Which Trading Platforms are offered by FXOpen?

FXOpen, a leading player in the financial markets, offers a variety of trading platforms to cater to the diverse needs of traders. These platforms are designed to provide a seamless trading experience and are equipped with advanced technical analysis tools. The first platform is the MT4 trading platform. This award-winning platform allows traders to trade CFDs on a variety of underlying assets such as Currency Pairs (FX), Commodities (Oil, Gold, etc.), Indices, Stocks (shares), and Cryptocurrencies. It is known for its intuitive interface and customizable features. Next is the MT5 trading platform. , which is technologically more advanced than MT4. It offers all the features of MT4, along with some additional ones to enhance the trading experience. FXOpen also offers its own TickTrader platform. This multi-asset trading platform has been developed by FXOpen’s experts to meet every trading need. It provides access to TradingView’s advanced charting tools, making it a comprehensive solution for traders. In addition to these, FXOpen provides access to TradingView’s advanced charting tools via an integration powered by TickTrader. This allows traders to leverage TradingView’s robust charting capabilities for their trading activities. Each of these platforms is designed to offer a unique trading experience, catering to different trading styles and strategies. Whether you are a beginner or an experienced trader, FXOpen has a platform that will suit your needs.

Which Trading Instruments are offered by FXOpen?

FXOpen, one of the world’s leading and fastest-growing Forex brokers, offers a wide range of trading instruments. Here are the details:. Forex: FXOpen provides access to trade in 50 currency pairs. This includes major, minor, and exotic currency pairs, offering traders a wide variety of options to choose from. Cryptocurrency CFDs: With over 25+ Cryptocurrency CFDs. , FXOpen allows traders to speculate on the price movements of various digital currencies. Shares CFDs: Traders can invest in the fortunes of many iconic listed companies through Shares CFDs. This derivative product allows traders to speculate on the future share price of a company without owning the stock. Index CFDs: FXOpen provides opportunities to trade on the price movements of various global indices. Spot Metals CFDs: Traders can speculate on the price movements of spot metals. Commodity CFDs: FXOpen offers Commodity CFDs, allowing traders to speculate on the price movements of various commodities. In addition to these, FXOpen also offers trading in XAU/USD, XAG/USD, XBR/USD, XTI/USD, and US natural gas. FXOpen’s trading platforms include MT4, MT5, TickTrader, and TradingView. The minimum transaction size is 0.01 lot, and traders can start trading with a deposit from 100 USD. Scalping and HFT are welcome. Please note that trading involves risk and it’s important to understand the risks involved before starting to trade.

Which Trading Servers are offered by FXOpen?

FXOpen, a leading player in the Forex trading space, offers robust trading servers to its clients. These servers are designed to provide traders with a seamless and efficient trading experience. The server time is an important aspect of FXOpen’s trading servers. The servers operate on Greenwich Mean Time (GMT), with adjustments made for daylight saving time. Specifically, on March 14th, 2021, FXOpen switched its trading servers 1 hour ahead, from GMT +2 to GMT +3. This change, which marks the beginning of summer time, affected all types of FXOpen trading accounts. Conversely, FXOpen adjusts its server time for winter as well. On November 6, 2022, the trading servers were set to winter time, i.e., from GMT+3 to GMT+2. This change was also applied to all types of trading accounts on the FXOpen platform. It’s worth noting that these time changes should not impact open trades or the process of opening, placing, closing, or modifying orders. However, traders are advised to adjust the time settings in their Indicators and Expert Advisors accordingly. In terms of server location, FXOpen’s server is located in Frankfurt. This strategic location ensures low latency, which is crucial for efficient and timely execution of trades. Specifically, the latency from Frankfurt is reported to be just 37.13ms. In conclusion, FXOpen’s trading servers, with their strategic location and time adjustments, provide a reliable and efficient platform for Forex trading. Traders can rest assured that they are trading on a platform that is designed with their needs in mind. Whether it’s summer or winter, day or night, FXOpen’s servers are always ready for trading. .

Can I trade Crypto with FXOpen? Which crypto currencies are supported by FXOpen?

Yes, you can trade cryptocurrencies with FXOpen. FXOpen provides a platform for cryptocurrency trading, applying your trading skills and experience to the crypto market. The platform offers tight spreads and deep liquidity, turning deposits into profits. FXOpen allows you to trade more than 40 cryptocurrency CFD markets, with up to 1:2 leverage. This gives you the opportunity to test your strategy and diversify your portfolio with 24/7 trading. Much like forex trading, cryptocurrency trading is done in pairs. With a CFD, you are agreeing to exchange the difference in the price of a cryptocurrency between opening and closing positions. By taking up a long position, traders will make a profit if the value of the chosen cryptocurrency goes up. In a short position, profits will be achieved if the cryptocurrency value goes down. The cryptocurrencies supported by FXOpen include Bitcoin, Litecoin, Namecoin, Emercoin, and Peercoin. These cryptocurrencies can be traded against the US Dollar, Euro or Russian Ruble in the form of CFDs. Please note that like all forms of trading using CFDs, you are fully exposed to the market and you may lose all of your initial crypto investment. Therefore, it is important to be aware of the risks that exist.

What is the Leverage on my FXOpen Trading Account?

Leverage on your FXOpen Trading Account depends on the type of account and the balance in it. Here are the details:. ECN Accounts. 1:1 - 1:500 for accounts up to $25,000. 1:1 - 1:200 for accounts from $25,000 up to $100,000. 1:1 - 1:100 for accounts from $100,000 up to $1,000,000. Negotiable over $1,000,000. STP Accounts. 1:1 - 1:500 for accounts from $10 up to $25,000. 1:1 - 1:200 for accounts from $25,000 up to $100,000. 1:1 - 1:100 for accounts from $100,000 up to $1,000,000. Negotiable over $1,000,000. For FXOpen AU, FXOpen UK, and FXOpen EU clients, the leverage offered is 1:30. However, professional traders can avail leverage up to 1:500. To change your leverage, you can email support@fxopen.com (for FXOpen Markets) with your FXOpen account number (login) and ask to change the leverage to the level of your choice. Leverage is a powerful tool in forex trading as it allows you to open trades for large amounts with a small deposit. For example, with a leverage of 1:50, you can open a trade worth $1000 by investing just $40. However, it’s important to remember that while leverage can magnify your profits, it can also amplify your losses. Therefore, it’s crucial to have risk management strategies in place. Please note that the information provided here is based on the latest available data and may be subject to change. Always check the latest terms on the FXOpen website or contact their support for the most accurate information.

What kind of Spreads are offered by FXOpen?

FXOpen, a well-known ECN broker, offers a wide range of financial trading instruments with competitive spreads. Here’s a detailed breakdown:. Forex: FXOpen provides trading over 50 FX markets, 24 hours a day from Sunday night until Friday night. They connect with major banks and other liquidity providers to provide the best pricing with deep liquidity and spreads from 0.0 pips. Indices: You can trade global indices on any ECN account, with low commissions, tight spreads, and flexible contract sizes. Commodities: Energy and metals markets can be traded with tight spreads and all the benefits of an ECN broker, including fast execution and deep liquidity. Shares: FXOpen allows you to trade stocks of some of the world’s largest companies, such as Apple, Amazon, Facebook, and Google, as CFDs on your MT4, MT5, or TickTrader ECN trading account. Cryptocurrencies: FXOpen offers trading over 40 cryptocurrency CFD markets 24/7 on the MT4, MT5, or TickTrader platform with tight spreads and deep liquidity. FXOpen offers floating spreads, which vary by account category. The typical ones on the commission-free STP account are around 1.6 pips on EUR/USD, which is above average. Spreads on ECN account start from 0.2 pips on EUR/USD, the typical ones being around 0.5 pips, and a commission of $5 per lot (per side) applies. Here are some examples of spreads for different currency pairs as reported by MT4 ask and bid prices. : EUR/USD: 0.1 - 0.2 pips AUD/USD: 0.1 - 0.3 pips EUR/GBP: 0.1 - 0.3 pips USD/CHF: 0.2 - 0.3 pips GBP/USD: 0.1 - 0.3 pips USD/CAD: 0.3 - 0.4 pips USD/JPY: 0.1 - 0.4 pips . Please note that these are just a few examples and the actual spreads can vary based on market conditions.

Does FXOpen offer MAM Accounts or PAMM Accounts?

FXOpen, a leading and rapidly growing Forex broker, offers a variety of trading accounts designed for traders with different levels of experience and skills. Among these offerings, FXOpen provides PAMM Accounts. PAMM (Percentage Allocation Master Module) is a technology that allows a client, known as a Follower, to follow the trading strategy of another client, known as a Master. The Master operates their personal funds through the PAMM, and their trading strategy is replicated on the Follower’s account. The funds allocated for PAMM trading remain on the Master’s or the Follower’s trading account but are segregated from the other funds and cannot be used for trading or any purposes other than PAMM. This virtual merging of the Master’s and the Follower’s funds allows identical trading conditions to be applied to all PAMM participants. Forex PAMM account is beneficial for Followers because they can benefit from Forex trading without having to do in-depth market research, trade, and monitor positions themselves. Forex PAMM is beneficial for Masters because they can trade funds many times larger than their own capital and receive a guaranteed fee for doing so. FXOpen PAMM technology is designed in such a way that both Masters and Followers are protected from non-trading risks on each other’s part. FXOpen supports 3 types of PAMM accounts: PAMM STP, PAMM ECN, and PAMM Crypto. However, it’s important to note that PAMM accounts aren’t available to FXOpen EU and FXOpen UK clients. PAMM service is available for FXOpen AU clients subject to provision of respective permissions or authorisation by the clients. As for MAM Accounts, there is no specific information available from the search results about FXOpen offering MAM Accounts. MAM (Multi-Account Manager) accounts are not mentioned in the context of FXOpen’s offerings. Therefore, it would be best to contact FXOpen directly for the most accurate and up-to-date information regarding their account offerings.

Does FXOpen allow Expert Advisors?

Yes, FXOpen does allow the use of Expert Advisors (EAs). EAs are mechanical trading systems used for Forex trading. They allow for automatic trading to take place, freeing the trader from continuously having to watch the market. EAs evaluate multiple factors at once, removing a great deal of human factors such as emotions, knowledge, and even the psychology of the trader from the equation. This enables the trader to make better-informed decisions. FXOpen allows the use of Expert Advisor in ECN accounts on the MT4/MT5 platform. There are hundreds of Expert Advisors available on the Internet. You can purchase one on the MQL5 Market – an App Store of trading robots, Expert Advisors, and technical indicators – or you can choose to create your own. To build your own trading robot, you will develop, program, and compile it on the MQL MetaEditor using the MQL4 coding language. Using your trading experience, you can define which market conditions, based on various indicators and elements, will result in trade opening, or will close positions. However, it is not necessary for you to be a master programmer or an experienced trader to use EAs when trading. Free and paid Expert Advisors are available on the Internet as well as in the MQL5 Market, where you can also download a demo version of the desired EA and try it before buying or renting it. It is up to you to choose the source of buying/downloading an Expert Advisor. You can take steps to download an Expert Advisor from MQL5 and upload it to the Trading Platform. FXOpen also offers a new service for writing Expert Advisors and fixing indicators and scripts. This service is available to all registered FXOpen International clients on their forum. This service is completely free of charge. Please note that trading CFDs on the Forex market involves substantial risks including total loss of your trading capital and may not be suitable for everyone. Past performance is not a reliable indicator of future performance.