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FxOpen.com Review

FxOpen offer ECN Forex Trading & PAMM AccountsFXOPEN Review

FXOPEN is an ECN/STP broker based in Oceania and regulated by FCA UK and FSP New Zeeland. The broker offers ECN trading, MT5, PAMM accounts, automated trading, a free VPS, and more than 70 Forex pairs.

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FXOPEN REVIEW

FXOPEN BASIC FACTS & NOTES

PROS & CONS

ECN / STP / MARKET MAKER FOREX BROKER

FXOPEN Trading FXOPEN TRADING INFO

Compare FXOPEN with competition

FXOPEN Asset Index

FXOPEN offer 70+ Forex Currency pairs plus several CFD assets The wide currency pairs index is one of the key advantages when trading Forex with FXOPEN FXOPEN Pro

FXOPEN Typical Spreads / Trading Commissions

FXOPEN charge trading commissions on ECN accounts, but NO on STP accounts

These are some minimum STP account spreads:

■ EURUSD spread is 1.5 pip

■ GBPUSD spread is 1.8 pip

■ USDJPY spread is 1.4 pip

The lowest spreads are offered in the ECN account. Note that the commissions charged on ECN accounts depend on the volume-profile of each trader.

The STP account offers fair spreads without trading commissions

FXOPEN Pro

FXOPEN Maximum Leverage

FXOPEN offers Leverage up to 500:1 FXOPEN offer very high trading leverage, up to 500:1 FXOPEN Pro

 

Lot Size

The minimum lot size is 0.01 Low deposit requirements and a minimum size of 0.01 are always useful for beginners FXOPEN Pro

Automated Trading / Scalping

■ Automated Trading is allowed by FXOPEN, -YES-

Scalping is also fully allowed by FXOPEN

You can use automated trading, EAs, and scalping when trading with FXOPEN.

There is also a free VPS account for robotic Forex trading

FXOPEN Pro

FXOPEN Platforms

FXOPEN offers: MetaTrader-4, MetaTrader-5

There are MT4, MT5, and a web trader.

Note that FxOpen offers also PAMM accounts

FXOPEN Pro

FXOPEN Typical Slippage (EURUSD)

■ FXOPEN Slippage is measured under 1.00 pip

The slippage on order execution is low on ECN/STP accounts FXOPEN Pro

FXOPEN Mobile Trading

FXOPEN offers a mobile app for:

FXOPEN iPhoneFXOPEN Android

There is an MT4 mobile app for Android and Apple iOs (iPhone, iPad, and iPod) FXOPEN Pro
The Company

FXOPEN information FXOPEN COMPANY INFO

 

FXOPEN Foundation

FXOPEN was found in 2005

More than 10 years in the market. Overall, FxOpen has handled more than 1 million accounts

FXOPEN Pro

FXOPEN Headquarters

FXOPEN headquarters are in New Zeeland and Australia

■ The FXOPEN is operated by FXOpen Markets Limited, a company registered in Nevis under registered number C42235

■ XP Solutions Limited is a company registered in New Zealand under registered number 3789182

FXOPEN Pro

FXOPEN Regulation

■ FXOPEN is regulated by FSP (New Zeeland) and FCA (UK)

FXOPEN is regulated by two different government bodies:

■ FCA UK (License 579202)

FSP New Zeeland (License 192685)

FXOPEN Pro
FXOPEN Accounts

FXOPEN AccountsFXOPEN ACCOUNT INFO

 

 

FXOPEN Account Currencies

FXOPEN Euro CurrencyFXOPEN USD CurrencyFXOPEN British Pound Traders can open an account in USD, EUR, GBP, AUD, CHF, JPY, RUB, SGD, Gold, and mBTC FXOPEN Pro

FXOPEN Deposit Money

FXOPEN Credit CardsFXOPEN Bank WireFXOPEN NetellerFXOPEN Skrill

Bank Wire and Cards and a good variety of internet wallets:

■ WebMoney, Skrill, Neteller, Perfectmoney, Yandex, QIWI, IntellectMoney, and FasaPay

FXOPEN Pro

FXOPEN Withdraw Money

FXOPEN Credit CardsFXOPEN Bank WireFXOPEN NetellerFXOPEN Skrill

■ The same methods to withdraw funds, as above

■ Be aware FxOpen charges withdrawal commissions and non-activity fees

FXOPEN Con

US Residents

FXOPEN forbids US Residents as Clients -NO-

Traders coming from the US can't trade with FXOPEN FXOPEN Con

FXOPEN Minimum Deposit

Minimum Deposit at FXOPEN is 10 USD

$10 minimum account requirements

FXOPEN Pro

FXOPEN Promotions

■ FXOPEN offer a free VPS

■ Small No Deposit Bonus for Micro and STP accounts

■ There is a free VPS hosting for automated trading and Expert Advisors

■ New clients get $10 on STP account  and $1 on Micro account

FXOPEN Pro
  » Open a Real Account with FxOpen
 

MT4, MT5, mobile trading, and a web-trading platformFxOpen Review Summary

FXOpen is an ECN/STP Forex broker offering MT4, MT5, mobile trading, and a web-trading platform. Headquartered in Oceania, FxOpen is regulated by FCA UK and FSP and provides full segregation of trader's funds.

The broker offers a wide asset index containing more than 70 currency pairs and several CFD assets. The spreads are fair on ECN and STP account types but the overnight rates for keeping positions overnight are not equally competitive. Automated and scalping are fully allowed.

As concerns promotions, FxOpen offers a free VPS hosting and a small welcome bonus for new customers.

◙ FxOpen Rating

Rating FxOpen using the Rating Brokers Formula v.5:

IC MARKETS Rating Analysis FXOPEN RATING ANALYSIS

RATING

(%)
1. Reliability Analysis 81.6
2. Competition Analysis 64.3
3. Trading Options 74.1
4. Technological Analysis 100.0
IC FxOpen Overall Rating 77.6%
 
The total rating is 77.6% which is very good. FxOpen performs well in almost all four categories. More at ForexExperts.net:

» Check how FxOpen rating was made at ForexExperts.net

 

» Visit the FXOPEN website

 

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