Our editorial and marketing teams operate independently, ensuring the accuracy and objectivity of our financial insights. Traders can choose from a variety of instruments to diversify their portfolios and take advantage of different market opportunities. CFDs, or Contracts for Difference, allow traders to speculate on the price movements of assets without owning the underlying asset.

I am doing my trades with scalping and expert advisors with FXOpen Markets and no problems. One notable competition offered by FXOpen is https://traderoom.info/fxopen-overview/ the ForexCup Trading Championship 2023. This contest spans an entire year and invites investors, traders, and portfolio managers to participate in a fair and reliable global competition.

Trading Conditions at FXOpen

FXOpen was founded in 2005 and has grown to become one of the leading forex and CFD brokers in the industry. The broker is renowned for offering competitive trading conditions, including low spreads, high leverage, and ultra-fast execution speeds. FXOpen provides access to various financial instruments, including forex pairs, commodities, indices, shares, cryptocurrencies, and more.

PAMM accounts are beneficial for Followers as they can benefit from forex trading without having to conduct extensive market research or trade independently. Masters, on the other hand, can trade funds larger than their own capital and receive a guaranteed fee for their services. Using TickTrader, the user can trade in different asset classes including forex, stocks, commodities, indices, and cryptocurrencies using one trading account.

Account Type

FXOpen has established itself as a prominent name in the online Forex trading space. Founded in 2005 and operated by FXOpen UK, this broker offers a robust range of trading options for retail and professional traders alike. FXOpen is regulated by the Financial Conduct Authority (FCA) of the United Kingdom, ensuring that it adheres to strict financial and operational standards.

TradingView

1. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
2. FXOpen offers a range of powerful trading platforms to ensure that traders can execute their strategies with ease and precision.
3. Traders have a choice between a commission-free STP account or the competitive ECN account.
4. Traders can select the most appropriate trading account and platform based on their trading preferences.
5. It serves as a safeguard against potential losses exceeding the initial capital invested.
6. Instead, the footer primarily includes copyright information, a risk warning, and a statement about the company’s name and membership to The Financial Commission.
7. These regulations ensure a level of trust and security for traders.

FXOpen cannot open client accounts for residents of certain countries due to regulatory restrictions. These countries include the United States, Canada, and several others. For a complete list of prohibited countries, visit FXOpen’s website or contact their support team.

Deposits got missing

A highly competitive trading environment elevates this broker into the top quartile. The cost structure and asset choice make the ECN account a natural choice for committed traders. FXOpen would like to advise that due to a change in our offering, STP accounts will be discontinued on Friday 20th December 2024. This change reflects our commitment to providing our traders with the most competitive and advanced trading environment. Each platform offers unique features and tools for charting, technical analysis, and trading automation, catering to both beginner and experienced traders. In terms of spreads and costs, FXOpen’s forex spreads are higher compared to some competitors, but its commodity spreads are relatively low.

When visiting the FXOpen website, it becomes evident that the broker does not readily provide regulatory details in the footer or any specific pages or sections. Instead, the footer primarily includes copyright information, a risk warning, and a statement about the company’s name and membership to The Financial Commission. Notably, FXOpen highlights that it does not offer services to residents of the United States, and it acknowledges the need to comply with local laws and regulations.

1. Reliable platforms, competitive pricing, regulatory compliance, and responsive support.
2. We’re thrilled to hear that you’re satisfied with our services, from seamless trade execution to efficient withdrawals.
3. Portfolios are covered up to €20,000 per case, which is on par with CySEC regulated entities.
4. The broker is renowned for offering competitive trading conditions, including low spreads, high leverage, and ultra-fast execution speeds.

At HighFxRebates, we offer exclusive FXOpen rebates/cashback programs to enhance your trading experience. Our programs return a portion of your trading costs, such as spreads or commissions, directly back to you. STP accounts’ spread usually depends on several factors, including market liquidity. Again, in such a case, the fees are already embedded in the price. Apart from its web-based trading platform, FXOpen also runs on popular MetaTrader4 (MT4) as well as MetaTrader 4 mobile platform.

FXOpen’s Allowed Operating Locations FXOpen is authorized to operate in various countries and regions around the world. The specific list of allowed operating locations may vary but generally includes many countries in Europe, Asia, Africa, and Oceania. The presence of FXOpen in these locations is often facilitated by regulatory frameworks that govern financial services and ensure consumer protection. By complying with the regulations of these jurisdictions, FXOpen can provide its services to clients in a secure and legally compliant manner. FXOpen’s lack of readily available regulatory information raises concerns about transparency and regulatory compliance. This informational deficiency might deter traders who prioritize regulatory oversight and risk management.