FX Open broker makes it easy to access the forex market, especially for novice traders and you can benefit from lower deposit or trading terms. Traders also have a choice of various attractive offers. These brokers maintain regulatory oversight for their operations, which ensures that the legal rights of traders are protected and properly secured.
FXOpen History And Headquarters
FXOpen was originally founded as an educational center offering courses in technical analysis and financial markets from Egypt. It became a brokerage company in 2005 to meet the growing need for fair and transparent trading conditions.
According to tradersunion.com Through the MetaTrader4 platform, FXOpen became the first Forex broker to offer ECN trading to its clients. ECN trading makes a good choice for experienced traders and those who prefer technical or programmed trading as the main strategy. FX Open offers a unique proprietary price pooling technology where you can benefit from the industry’s most competitive spreads and low trading commissions.
The ECN Model gives traders access to the Interbank market and clients receive real-time quotes from the largest liquidity providers in the industry. A comprehensive investment opportunity either through own trading strategies or by following a PAMM account may appeal to both novice and professional traders. Apart from offering Forex trading, FXOpen continues to set the pace with the latest technology and offered Bitcoin trading in 2014. Today, the broker is a trusted partner for more than 1,000,000 customers from around 100 countries. Professional services in trading, analytics, and customer support will always be maintained by FXOpen.
FXOpen Account Types And Features
A forex account is a trading account held by a trader at a company such as FXOpen which is primarily used for currency trading purposes. Commonly, the number and sorts of accounts that a trader can open having a brokerage business vary in line with the country in which the broker operates, the nation exactly where the trader resides, and the regulatory authority beneath whose jurisdiction the organization operates.
Today, FXOpen is considered one of the leading and fastest-growing Forex brokers in the world. This broker offers attractive trading conditions, fast, error-free order execution, and the most advanced & innovative technology solutions.
FXOpen offers four trading accounts designed for traders with different levels of experience and skills. Choose the one that best suits your trading style, capital, and risk tolerance.
MICRO Account
• Floating spreads
• No commission
• Currency pairs, 28 Gold & Silver
• Deposits from $1
• Minimum lot size micro lot
STP Account
• Tight spreads
• No commission
• Currency pairs, 50 Gold & Silver
• Allow Scalping & HFT
• Deposits from $10
• minimum lot size
ECN Account (Most popular)
• Raw spreads
• Commission from 1.5 units per lot
• Access to interbank liquidity pools
• 70+ currency pairs including CFD
• Allow Scalping & HFT
• Deposits from $100
• Minimum lot size
Crypto Account
• Tight spreads
• Commission 0.25% of transaction volume
• Crypto Pair 43 BTC, LTC, EOS, PPC, ETH, DASH, EMC
• Deposits from $10
• Minimum lot size
FXOpen Muslim traders also have the option of Swap-free Islamic accounts.
FXOpen demo account and live account What’s the difference?
A demo account is an account offered by several trading platforms, which is funded with dummy money. This account allows potential clients to experiment with the trading platform and familiarize themselves with its various features, before deciding to create a real account.
These accounts are offered by various online trading platforms such as FXOpen, including stock trading platforms, foreign exchange trading platforms, and commodity exchanges. Demo Account Indispensable for all traders who want to experiment with other asset classes. For example, a trader may be experienced in stock trading but wants to start investing in futures, commodities, or currencies. Opening a demo account is a good option before opening a live account where you trade real money in real-time.
