FXOpen – Forex Broker review


Read the review and the detail information of FXOpen Forex Broker review. FXOpen founded in 2003 as a financial trading education center in Egypt. It has launched its forex brokerage services in 2005. FXOpen is the first forex broking farm which offers ECN trading with MetaTrader 4 trading platform and PAMM accounts. Earlier they offered micro contracts and swap free forex account. Also, FXOpen is the first forex broker who offers Bitcoin Trading. FXOpen is a leading global forex broker. Furthermore, FXOpen reached $100 billion in monthly trading volume after launching an STP account in 2013.

Regulation:
FXOpen is regulated by the Financial Conduct Authority (FCA) in United Kingdom. They also have their own office in Australian which is called FXOpen AU Pty Ltd. In Australian, it is regulated by the Australian Securities and Investments Commission (ASIC). UK based forex brokers must maintain tangible assets amounting to at least €730 000 as a proof of their financial stability. On the other hand, Australian forex brokers must hold a minimum of $ 1 million.

Trading Platforms:
FXOpen is the first forex broker in the world who offers MT4 ECN trading platform with PAMM accounts. Currently FXOpen offers 5 different versions of MetaTrader 4 they are MT4 ECN, MT4 STP/Micro, MT4 WebTrader, MT4 Android Mobile and MT4 iOS Mobile. They also provide MetaTrader 5 with hedging feature. FXOpen also gave an access to ZuluTrade trading platform to their traders for auto-trading.

Commissions & Spreads:
The spreads in FXOpen are in the form of fixed and floating spreads. Spreads for the ECN account are as low as 0 pips. As for the commission rates, they start from $15 for the ECN account and 0.25% of volume traded for the Crypto account.

Payment options:
FXOpen Supports credit/debit cards, bank wire, Skrill, Neteller, Payza, WebMoney, SorexPay, Yandex Money, FasaPay, IntellectMoney, OKPAY, ePayments, RBK Money, China Union Pay and Bitcoin and ETH for deposits and withdrawal. Finally, they also provides FXOpen Prepaid Card for their clients.

Support:
Customer support at FXOpen is available 24/5. There are several ways which you can get in touch with the support team such as email, live chat or telephone. They also have the benefits of multi-lingual support and it is available in France, Germany, New Zealand, Russia, Spain.