Besides lots of currency pair,
FXOpen also offers some instruments you would like to trade on, such as
Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Energies and Crypto for your best choice. Besides lots of currency pair,
FXOpen also offers some instruments you would like to trade on, such as
Forex, Gold & silver, CFD, Oil, Stocks, Indexes and Energies for your best choice. Besides lots of currency pair,
FXOpen also offers some instruments you would like to trade on, such as
Forex and Gold & silver for your best choice. For STP account, the lowest identified spread was 1.1 pips. For the ECN alternative, the typical spread is as low as 0.1 pips with a commission of merely $1.50 per lot. The broker also charges an overnight open position fee and third-party withdrawal fees, which is fairly standard in the industry.
- FXOpen’s PAMM account rating will help you review the effectiveness of the PAMM Master’s work and select the best account to invest in.
- The platform offers trading features with competitive spreads, transparency and fair pricing.
- It supports the use of custom indicators, trading scripts, and expert advisors, as well as a strategy tester which you can use to test your expert advisors.
- Claim your profile to access Trustpilot’s free business tools and connect with customers.
However, regarding instruments for trading and customer support availability, outside regular business hours may be limited, which might not suit traders in different time zones. What sets FXOpen apart is that it was one of the firms to introduce MetaTrader 4 ECN trading. This indicates that their spreads and commissions are competitive within the industry.
Trading Platforms at FXOpen
Furthermore, free VPS is available for ECN, STP, and Crypto account holders. Traders can use FXOpen VPS without any fees for 1 month if they can maintain equity of USD5,000 at the end of the month or trade with a trading volume of USD10,000,000 per month. The advantages of VPS on FXOpen are excellent accessibility, flexibility, and speed.
- As you mentioned, FXOpen UK is regulated by the FCA and as such, there are certain criteria that all clients have to meet for a live account to be opened.
- Besides lots of currency pair,
FXOpen also offers some instruments you would like to trade on, such as
Crypto for your best choice. - The cost of trading depends on different factors like commissions, spreads, and margins.
- Whenever I had an issue I could always contact either the live chat or submit a ticket and have it quickly resolved.
- Standard accounts are a choice for those prioritizing spreads and flexible trading conditions.
As you mentioned, FXOpen UK is regulated by the FCA and as such, there are certain criteria that all clients have to meet for a live account to be opened. After assessing the answers you provided in the questionnaire, unfortunately you did not meet the criteria required to open a live account. If your circumstances change in the future and you are able to provide all of the required documentation, please reach out to our Support xcritical scammers team and they would be happy to reconsider your application. Trading with FXOpen i have found very low spreads as it is a Pure ECN Forex broker as compared to the other brokers who are Market Makers. FXOpen also offers the Inter Bank Market Liquidity which is why i am able to execute my trades very Fast. In semi-retirement / lockdown, I decided to learn to program again, and came across the MQL4 programming language.
Some payment methods have their own minimum deposit requirements. This includes a $10 or equivalent currency minimum deposit for credit/debit cards. Deposits made via bank wire transfer must be a minimum of $300 or equivalent currency. For WebMoney, Trustly, Neteller, and Skrill, minimum deposits are $50.
Low spread and Innovative broker
All data for both Bid and Ask prices is available on the trading platform, as we are 100% transparent with our pricing. The Customer Support team have informed me on both occasions you were looking at the Bid price, when you actually needed to be looking at the Ask price as you were in a sell trade. As the Ask price went above your stop level, the trades were executed correctly. Please do not hesitate to contact Customer Support if you require any further information on this.
Low spreads
It’s all there on their website, all the technical stuff about ECN brokers and the reasons why that approach makes good sense, knock yourself out. A few server delays here and there, as it is the same with other brokerage firms. IT is immediately on it and fixes tech issues once the customer scammed by xcritical reports them. Thank you for your review and for sharing your experience with our Customer Support team. Based on the details you have provided, we are xcritically looking into this matter. If you require any further information or assistance, please don’t hesitate to contact us at
How To Create An Account
Hi Vladimir, thank you for taking the time to leave a review. FXOpen UK is an ECN broker, so the spreads are a function of the liquidity provided by the banks and other liquidity providers connected to the ECN, and are not set by us. We recently added additional liquidity providers to the ECN, which reduced FX spreads considerably, e.g. average spread for EUR/USD is now 0.1 and GBP/USD is 0.3.
The forex trading software provided by a broker company to its clients is called the platform and is used to carry out their trades. FXOpen offers four trading accounts that are designed for traders with different levels of experience and skills. Choose the one that best suits your style of trading, capital, and risk tolerance. Today, the broker is a trusted partner to more than 1,000,000 customers from around 100 countries.
FXOpen Customer Reviews
Next, fund your TradingView account through an internal transfer. Finally, sign up with TradingView and connect your profile with your FXOpen account. Equity or stock indices are actual stock market indexes that measure the value of a specific section of a stock market.
Top 3 Alternatives to FXOpen
ECN and STP trading accounts are the primary options for day traders. A good broker constitutes a good service for traders in terms of many criteria including trading instruments,
deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily
mean the same thing to you. You can decide for yourself if
FXOpen is a https://xcritical.pro/ good broker for you or not by reviewing the criteria. In general,
FXOpen provides trading service in
Forex , Gold & silver , CFD , Oil , Stocks , Indexes , Energies , Crypto and Crypto . As for the payment methods, you can choose between
Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, Tether (USDT), WebMoney and AdvCash.
For cryptocurrency CFD accounts, the commission is 0.5% per side. Trading fees vary depending on account type and instrument. Individuals investing via the ECN profile will trade on the raw price from banks and liquidity providers, and with this, pay a small commission fee. On the other hand, STP account holders will incur no separate commission fee. The award-winning live trading platform has 30 million monthly traders and offers a suite of useful tools. This includes powerful charts and analysis functions, screeners, heat maps, and an economic calendar.
There is no need to download and install MetaTrader4 or other additional trading software on your computer. All you need is a stable Internet connection, log in to your trading account and start trading. For FXOpen’s STP and Micro accounts, you need a different modification of MT4.
I scalp trade, and it’s crucial for me to enter and exit the market quickly, and this broker provides me with such an opportunity! The support is knowledgeable in all trading-related matters. FXOpen started its operation as an online trading provider for retail clients since 2005.
FXOpen Muslin traders also have the choice of an Islamic Swap Free account. Hereby,
FXOpen offers you
MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), TickTrader (Limited with 30 days) and TradingView. FXOpen is also a member of the Investor Compensation Fund, which protects client funds up to 20,000 EUR, which is on par with CySEC regulated entities. Overall, FXOpen has a clean reputation for maintaining a safe and secure trading environment. FXOpen provides trader education resources; however, some traders may feel overwhelmed by the material available while also being mindful that the quality may vary. Trading different assets can help diversify your portfolio, and you can trade some of the markets (cryptos) during the weekends.