We like the no-dealing-desk execution model, reassuring regulatory credentials and excellent pricing on the ECN account. The low starting deposit and free demo account also make it easy to get started with the brokerage. I am very pleased with the four trading platforms supported by FXOpen, which has assembled three of the best third-party solutions on the market as well as a decent bespoke platform. Two volet deposits and a litecoin deposit never got credited to my account.

Compare Trading Instruments

FXOpen have accounts designed to meet the needs of traders with different levels of experience and skills. You can choose the account type which is better suited to your trading style, investment, risk and portfolio. Cryptocurrencies such as Bitcoin and Ethereum have proved to be popular for speculators, due to their high volatility. Through FXOpen you can trade Bitcoin and Ethereum, against the US Dollar, Euro or Russian Ruble, in the form of CFDs. They use top liquidity providers over an ECN to aggregate the liquidity together and hedge the risks of client’s exposure. FXOpen have one of the largest selections of Cryptos for you to trade including Bitcoin and Ethereum.

Customers can also trade directly from charts and interact with TradingView’s extensive user base. When we used the FXOpen bespoke platform, we were impressed with its simple navigation, fully customizable experience and clear price analysis charts. We are confident the platform provides all the features needed for both beginners and experienced traders. FXOpen offers a $10 no deposit bonus for the STP account, and a $1 welcome bonus for the Micro account. A time-limited cashback program is equally available with a rather complex structure. The ForexCup, a demo account competition, is offered; real cash awards are credited to trader accounts.

TradingView

Accounts can be opened in a great selection of currencies including USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, Gold, mBTC. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. Just be aware that fees may be charged when using certain payment methods. FXOpen customer support is available 24/5 via online chat, telephone and email. I would’ve preferred a 24/7 chat availability but 24/5 is what you will find from most brokers. However, you can get 24/7 support with some other brokers including Bold Prime.

Excellent customer service

1. I personally prefer MT4 since I find it does everything I need without complications and I have been using it for many years.
2. It features genuine ECN pricing on the MT4/MT5 trading platforms, is highly transparent, and provides a shining example of a trustworthy, competitive trading environment.
3. I appreciate that it is fully customisable and easy enough to use for beginners whilst having enough complex tools for the more advanced traders.
4. This may impact how, where and which companies / services we review and write about.
5. As they are a highly regulated broker one can expect the source of deposits to be checked.

For example, TMGM have a superb selection of more than 15,000 global stocks for you to trade, putting them amongst our best stock brokers. FXOpen let you trade on the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. More than 70% of online trading brokers offer MT4 to clients whilst a large percentage of retail forex transactions are conducted through MT4.

Account Types

Raw spreads for a commission of just $1.0 per lot generates a highly competitive trading environment. New traders will benefit from the Micro account; a unique cryptocurrency account is also available. Account management is supported via PAMM, Islamic accounts are available on request, and social trading is possible via Myfxbook and ZuluTrade. DailyForex.com adheres to strict xcriticals to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

From the broker’s website, you can choose to either open a live account or a demo account from the top right-hand corner. You will need to select which account type you wish to trade and verify your identity and proof of address. The mobile applications provide the same features as the desktop versions as well as added functionality including push notifications and SMS alerts. Users can also view their account and trading history, execute trades in one click, and toggle between live charts and graphs. FXOpen offers four trading platforms; a proprietary platform named TickTrader, TradingView, plus MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

How Do I Open An Account With FXOpen?

FXOpen is a suitable ECN and STP broker for both beginners and experienced investors. The regulated service provides a competitive trading environment with multiple platforms for active traders. The low spreads and commissions, as well as a strong track record make it an attractive option, though only high volume traders are rewarded with discounted fees. FXOpen also offers more platforms, apps and trading tools than the majority of its competitors. FXOpen were one of the first trading brokers that I opened an account with, remaining one of the most established and well-known brokers today.

When we used an FXOpen STP account we were offered xcritical scammers tight spreads. For major forex pairs including EUR/USD and GBP/USD, spreads averaged around 0.2 pips, whilst for EUR/GBP, spreads were offered at 0.5 pips. The spread for the FTSE 100 index started from 0.8 points while for gold and silver, spreads start from 0.27 and 1.2 pips respectively. The award-winning live trading platform has 30 million monthly traders and offers a suite of useful tools. This includes powerful charts and analysis functions, screeners, heat maps, and an economic calendar.

These instruments are often considered safe havens and used to diversfy portfolios. To start using ZuluTrade, you need to provide your name and FXOpen account number. They will then send FXOpen a signed Letter of Direction (LOD), authorising ZuluTrade to perform automatic trading in your account. It is very important to note that past signal performance is by no means a guarantee of future performance.

Account verification is mandatory to comply with KYC/AML regulations. To add or withdraw funds you just need to login to the FXOpen personal area and choose your desired funding method, amount and account. You are then redirected to the payment gateway selected to complete the transaction. The FXOpen group has 3 related companies that are regulated in multiple jurisdictions. They are also a member of The Financial Commission who are an independent self-regulatory organisation and external dispute resolution (EDR) body, that is dedicated specifically to Forex.

This may impact how, where and which companies / services we review and write about. Our xcritical rezension team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Yes, we are impressed with how accessible FXOpen’s services and platforms are. MT4 is a great trading platform for beginners, the minimum deposit is just $1, there is an easy-to-open demo account, plus a copy trading service so you can learn from pro traders.