You will need to select which account type you wish to trade and verify your identity and proof of address. FXOpen offers a $10 no deposit bonus (NDB) for the ECN TickTrader account and the STP PAMM accounts. There is also a $1 welcome bonus for Micro accounts and a ForexCup Trading Contest bonus, subject to demo contest terms and conditions. FXOpen offers a free demo account on any of the platform options. You can sign up for the demo profile directly via the broker’s homepage.
Forex Partnership Program
The STP account type is designed for traders with a minimum deposit requirement of $10 and a minimum position size of 0.01 lot. It offers floating spreads, a margin call at 100%, and a stop-out level at 50%. The account supports scalping, expert advisors, hedging, news trading, phone dealing, and market depth with level 2 quotes. Notably, this account type charges no commission, making it an attractive option for cost-conscious traders. The ECN account type offers traders a range of features with a minimum deposit of $100 and a minimum position size of 0.01 lot. The account provides floating spreads, a margin call at 100%, and a stop-out level at 50%.
Please be informed that on November 3, 2024, FXOpen will set its trading servers to winter time, moving from GMT+3 to GMT+2.
Trgovalne ure za Queen’s Platinum Jubilee Bank Holiday (Združeno kraljestvo) in festi
Overall, FXOpen has a clean reputation for maintaining a safe and secure trading environment. Founded in 2005, the company is registered in Nevis as a company, but not regulated by the Financial Services Regulatory Commission. Instead, investors are protected by xcritical website The Financial Commission, based in Hong Kong. Here you can find full information about FXOpen partnership program and promotional materials.
- Traders can also enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems.
- This is a good offer because the platform has many trading tools for professional traders.
- Every time one of your referred clients makes a trade, you get an IB Forex commission.
- Read more about how to generate your referral link and profit from the IB broker Forex program here.
- FXOpen is a suitable ECN and STP broker for both beginners and experienced investors.
- The more clients you bring into Forex and the more progress they make in trading, the higher your partner remuneration and income.
UK investors, for example, will trade under the FXOpen UK subsidiary, with oversight from the Financial Conduct Authority (FCA). European traders will be registered under the FXOpen EU entity with regulation from the Cyprus Securities and Exchange Commission (CySEC). Furthermore, the company provides One Click Trading and Level 2 MT4 plug-ins, enabling traders to place trades with just one mouse click. Traders do not need to worry about trading security at FXOpen.
Nonetheless, a low minimum deposit requirement and access to educational content is ideal for novice traders. With ECN accounts, forex commissions are charged based on the account balance. Nonetheless, traders with an account balance less than $1000 will pay a $3.50 commission charge per lot traded. This reduces to $1.50 per lot for those with an account balance of $250,000 or more.
Compare Trading Accounts
FXOpen is forex and CFD broker offering 600+ instruments using the MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, and TickTrader platforms. The company offers deep liquidity with spreads from 0.0 pips. This review will cover trading platform features, deposit and withdrawal fees, minimum deposits, and more.
FXOpen vs Other Brokers
The company was founded by a group of traders with a mission to provide services that are in the interests of traders. FXOpen claimed to be one of the first to offer ECN trading via MetaTrader 4 (MT4). With FXOpen’s unique proprietary price aggregating technology, their clients can benefit from the industry’s most competitive spreads (from 0 pips) and low trading commissions. The experience of forex trading with FXOpen using Metatrader 4 is satisfactory, I only started using the platform in early 2024. In terms of trading platforms, I like Metatrader 4 perhaps because I am familiar with this platform which is also used by the broker I used before. I am satisfied with the conditions because the spread on many pairs is very narrow, slippage is minimal, and withdrawals are fast.
Read more about how to generate your referral link and profit from the IB broker Forex program here. If you have experience trading with FXOpen please share your personal review of the broker and what you think are strong and weak points. You can trade on major global indices, FX, commodities, ETFs, shares and cryptocurrency. Although trading with significant leverage can xcritical rezension increase profit prospects, it can also increase losses. Ensure you have appropriate risk management strategies in place. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
