The company was established in 2005 by the initiative group of experienced traders. Nowadays the Company has over 1 million clients and the geography of distribution covers one hundred countries. The company is distinguished by its low spreads, low commissions and a large number of instruments for trading: securities, digital currencies, commodities, forex, energy.
The company is open to private investors and corporate investors. There is an opportunity to open PAMM accounts.
The company provides high-quality liquidity directly from the suppliers through trading in the ECN format. The platform, some trades from the company MetaTrader, both MT4 and MT5 platforms are presented.
By providing liquidity without intermediaries, the company can offer high speed of execution of transactions, minimal slippage, and the prices will be the most acceptable. The company does not prohibit trading using scalping strategies.
As liquidity is supplied directly, the deal will be opened on the interbank market and the final price may differ from the price requested by the trader. In general, this system is absolutely transparent and understandable.
The main liquidity providers: Drezdner, SD Paris, Standard Chartered, Morgan Stanley, Deutsche Bank AG, Hotspot INST, Goldman and LavalFX, and some others.
The company has been existing for more than 15 years, during this time, the team of founders has analyzed perfectly, the wishes of traders have been taken into account, due to this the client can be sure to receive the best services for a reasonable price. The company has its own rules, which are strictly adhered to.
Fact is that FXOpen was the first trader to introduce ECN trading and the price aggregation technology was created and later patented. It allows clients to get the tightest spreads and most competitive commissions. The platform on which the trade is offered – MT4, comes with a plugin that reduces the time of opening trades, it can be opened literally with a single click.
Different types of trading accounts are provided for different clients, solutions from Myfxbook and Zulutrade are supported. The possibility of creating PAMM-accounts to manage several accounts of their clients at once is provided for clients. For Islamic countries we offer accounts with no rollover fee.
FXOpen regulatory bodies
The group of companies consists of three organizations, each of them has its own regulatory organization among them: Australian Securities Commission, one of the oldest and well-known regulatory companies, which has its own rules and guarantees safe work on financial markets.
FXOpen provides publicly available information about the product offered and its conditions which every client should study before registering as a trader. Possible risks when trading are also described there.
In the UK, the company is regulated by the most authoritative authority – the Financial Services Authority FCA. The main purpose of this commission is to protect traders as much as possible.
Just the presence of these two regulatory organizations is your guarantee of safety and security of funds and non-disclosure of personal information. In case a company is registered in the UK jurisdiction, the regulator limits the financial leverage to 1: 30 as trading activity is conducted on the territory of the European Union.
Every UK customer who has a trading account with FXOpen is protected up to 50,000 pounds in case of liquidation or bankruptcy of the company. In case of such situations, the compensation fund will fully cover the losses within the specified limit.
FXOpen Markets Limited, a member of the FX Open group of companies registered in St. Kitts and Nevis, is unregulated but is a permanent member of the Financial Services Authority which itself acts as regulator.
FXOpen possesses a document certifying the quality of its deals. It complies with all requirements and standards set by financial institutions. The main goal of the Company is to protect the personal data of its clients.
Most of the clients of the company prefer to work with MetaTrader 4 – MT4. On this platform, about 90% of transactions on currency pairs. Also, for more advanced clients is available MT5 platform which has a larger number of instruments and timeframes. The platform is free and allows you to use both the desktop version and the easily downloadable mobile application.
This broker organized its own forum, where traders with different experience share their strategies, tips and discuss working with tools. It will be useful not only for beginners but also for more experienced traders.
The Company is ready to provide a virtual server to run MetaTrader platform 24 hours a day. It’s mainly used for trading in automatic mode.
Options available for trading
The company provides access to tools that increase the success of trading operations. Some of them help estimate profits, others help minimize risks only here you can make accurate calculations of morages, swaps and other costs.
As an addition to the MT4 platform, helping to open trades in one-touch. Due to this it turns out to catch the most profitable price for you, also thanks to this plugin you can set some functions that will help to reduce the risks, this Stop Loss and Take Profit. also through this plugin you can see the weighted average price.
The tools can also include an extensive training base, which helps to make the most productive use of this plugin.
Different clients are given protection with different functionality. Depending on what the trader wants, you can choose the most appropriate option here, which will be fully consistent with his finances, strategies, and risk. Absolutely every potential client can use a demo account to test the platform and their strategy.
FXOpen is one of the industry’s first brokers that trades currency pairs and is regulated by the most reputable organizations. Spreads are tight, interbank liquidity is available and commissions are competitive