Fxopen review

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Fxopen review - strategicinvestor.net

Know about Fxopen, it's trading conditions and bonus offers

General information

Fxopen was founded as an educational center offering courses in the field of technical analyses and financial markets. The launch of brokerage services in 2005 was a natural progression to satisfy the growing need for fair and transparent trading conditions combined with excellent customer support. Since the very start FXOpen has been true and loyal to its goal - making Forex trading more professional, easy-to-access and secure. FXOpen was founded by a group of traders so everything they do has the traders' interests at its core.

 

FXOpen was the first Forex broker to offer its clients ECN trading via the Meta Trader 4 terminal. And with FXOpen's unique proprietary price aggregating technology, traders can benefit from the industry's most competitive spreads and low trading commissions. 

Minimum Deposit

$1

Withdrawal time

Withdrawals via electronic payment systems are processed within 1 business day. Bank wire transfers may take 1-3 business days.

Minimum Trade Size

.01 micro lot

Maximum Leverage

1:500

Spread

Starting from 0.4 pips

Trading assets

Current promotions

Forex, Metals, Commodities, CFD's, Indices, Cryptocurrencies

Trading Platforms

MT4 & MT5 mobile and desktop, MT4 & MT5 web-platform, Fxopen TickTrader

Payment methods

Bank Wire, Credit card, Debit card, Webmoney, Perfect Money, CashU, Qiwi wallet, Epay, AdvCash, Airtm, Intellect money, FasaPay, Yandex Money, Instant local bank transfer, 

Instant local bank transfer is available in the following countries : Malaysia, Thaliland, Indonesia and Vietnam

Regulation

1. Australian Securities and investment Commission (ASIC) - Fxopen Australia Pty Ltd is regulated by the Australian Securities and investment Commission. Australian Financial Services Licensee number : 412871, ABN : 61 143 678 719.

2. Financial Conduct Authority (FCA) - Fxopen, under Fxopen Ltd, is authorized and regulated in the United Kingdom by the Financial Conduct Authority. Reference number: 579202

3. The Financial Commission (FC) - FXOpen is a member of the Financial Commission, an international independent organisation dedicated to resolving disputes within the financial services industry.

4. Fxopen Ewallet account and Ewallet related services are provided by XP Solutions Limited, New Zealand. Company number: 3789182

Accepts US clients

No.

Other details

Hedging and Scalping is allowed. However Scalping is not allowed in micro accounts

Remarks

Trading accounts to suit every level of experience and investment – ECN, STP, Crypto, Micro with most competitive spreads makes Fxopen a great choice for traders with different level of experiences. Further Fxopen consistently tries to improve it's trading conditions and technology. 

FXOpen clients receive real-time quotes from the industry's largest liquidity providers. Their list of LPs include Dresdner, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JPMorgan, Morgan Stanley, Deutsche Bank AG, RBS, CITI, UBS, HOTSPOT INST, GOLDMAN and LavaFX.

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Disclaime

 

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Risk disclosure

 

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