FXOpen is a registered ECN broker that offers you the best trading conditions including low spreads, fast trade execution speed and low commissions。

You can use easy-to-use trading systems on desktop computers, mobile devices and the web。FXOpen gives you the ability to trade hundreds of different products across a variety of asset classes, such as: trading accounts, trading platforms, managed accounts, analytical tools, trading signals, free virtual private servers (VPS), fast financing options, and excellent customer service.。In addition, there are several different ways of financing。

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FXOpen has been operating as an online trading provider for retail customers since 2005.。The company was founded by a group of traders with a mission to provide services in the interests of traders.。FXOpen claims to be one of the first companies to offer ECN trading via MetaTrader 4 (MT4)。With unique proprietary pricing technology, customers can benefit from the industry's most competitive spreads (from 0 points) and low trading commissions。

In 2006, FXOpen became the first broker to offer micro and swap-free accounts.。Since then, they have gone on to become pioneers in a number of high-tech services, including the first crypto account that can offer trading facilities for 24 cryptocurrency pairs such as Bitcoin, Litecoin and Ethereum.。

In addition, the company also provides a one-click trading function and a secondary MT4 plug-in, which can be traded with just a click of the mouse。Traders don't have to worry about trading security at FXOpen as it is registered with Nevis, FCA UK and ASIC Australia。

FXOpen offers a variety of trading accounts such as STP, Micro, ECN, and free unlimited demo accounts。The minimum deposit per account depends on the account type: $1 for micro accounts, $10 for STP and cryptocurrency accounts, and $100 for ECN accounts。FXOpen also offers leverage up to 1: 3 (for cryptocurrency accounts) and up to 1: 500 (for micro, STP and ECN accounts)。

In addition, traders can enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems.。Both services allow anyone to copy the trades of an experienced trader。Thus, a trader can replicate the results of a professional trader's strategy。

The FXOpen PAMM service allows transactions to be copied from the main account to one or more follower accounts and automatically distributes profits and losses。Professional traders operate personal funds through PAMM accounts so that strategies are copied into the funds of followers。The owner of the follower account can view and analyze the performance of the PAMM account with the help of advanced analytics。FXOpen has 3 PAMM accounts: STP, ECN and Crypto PAMM。

On ECN accounts, traders will receive direct quotes from leading liquidity providers, including Dresdner Bank, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JPMorgan Chase, Morgan Stanley, Deutsche Bank, Royal Bank of Scotland, Citibank and UBS Group。

Traders can easily register for an account simply by filling out the form in the registration menu of the FXOpen website。If you want to deposit or withdraw funds, you need to verify the documents in advance.。According to the trader's experience and information, since the establishment of FXOpen, customers have not had any major complaints about payments (deposits or withdrawals)。

After registering with FXOpen, traders also have the opportunity to receive other benefits, such as a "cashback" program within the first 90 days after new customers register.。Cash back minimum $5, maximum $1,000。

In addition, ECN, STP and crypto account holders can also use free VPS。Traders who can maintain a net worth of $5,000 at the end of the month or a monthly trading volume of $10 million can use the VPS service for 1 month free of charge, with the advantages of excellent accessibility, flexibility and speed。

Trading on FXOpen becomes easier because traders can increase their insight into trading by participating in competitions。FXOpen offers weekly and monthly trading competitions on demo accounts via the Forex Cup website, which traders can participate in for free to hone their skills, in addition to trading competitions on real accounts。

The company also offers a forex partnership program to traders, forex brokers and website owners who post fiat and cryptocurrency payments.。There are 3 types: including the use of referral (affiliate) links, Forex rebates and personal partner conditions to attract new customers to FXOpen's Forex IB (Forex Agent)。

All in all, FXOpen is a comprehensive forex brokerage firm for traders who want to try a variety of trading tools, the trading environment for ECN accounts, low minimum deposits, the best cryptocurrency trading conditions, and interesting trading features such as PAMM and mock competitions.。

STP Account

STP trading account starts trading at just $10 but has all the advantages of ECN real market execution。This form of account does not charge a commission, but spreads are usually larger than other account types.。

The minimum deposit requirement is well below the $200 industry standard, which I find attractive。In an STP account (also known as a "straight-through processing" account), the trading commission charged by the broker is included in the spread.。The change in the STP spread depends on the number of buy and sell orders placed by FXOpen's ECN at the same time.。

The minimum number of hands allowed is 0.01, accounts with an account balance of less than $25,000 are eligible for variable leverage up to 1: 500。There are no restrictions on trading strategies and all methods, including scalping, hedging and using advisors, are accepted。

ECN Account

ECN accounts are the most common type of account because they provide traders with the best prices, spreads and execution speeds, as well as interbank liquidity pools。The way the ECN model connects many market participants, such as banks, centralized exchanges, brokers, companies and private investors, appeals to me.。

This liquidity is combined with the price aggregation technology offered by FXOpen。It enables the company to provide truly variable market spreads, starting at 0 o'clock, and order execution is flawless。Because your order is matched to an opposing order from another ECN participant, FXOpen does not have a trading desk, which ensures that there is no potential conflict of interest。

Scalping, News Trading, Automated High Frequency Trading (HFT), Expert Advisors and Hedging are all allowed as there are no restrictions on trading strategies。The minimum deposit is $100 and the minimum lot size is one hundredth of a unit。

The commission for each normal transaction is only 1.For $5, customers can use variable leverage up to 1: 500。This live account offers more than 70 different Forex and CFD trading options, giving you the widest range of trading tools。However, it has the most stringent initial deposit requirements。

Other Account Types

Micro accounts follow the market maker execution model, with a minimum deposit of only $1 and a minimum micro lot of 0.1 hand, the maximum lever is 1: 500。

This account does not require commissions, but has fewer tradable products than other account types and larger spreads than ECN account types。Those who are interested in learning new trading strategies but only want to take a small amount of risk can consider opening this account。

FXOpen's crypto account offers 43 cryptocurrency pairs including Bitcoin, Ethereum, Litecoin and more。

The account has a minimum deposit of $10 and charges 0 transactions.25% handling fee, and floating spread。Allowable leverage ratio is 1: 3, minimum number of hands is 0.01。Those who want to focus on cryptocurrency trading can consider choosing this route over other options。

In addition, FXOpen offers PAMM accounts that allow customers to follow the trading methods of other market participants.。The master uses PAMM to trade his own funds, and the PAMM technique allows the follower's account to mimic the master's trading activities。PAMM receives funds and then separates them into different accounts to ensure that the funds cannot be used for any other purpose。

Conclusion

While FXOpen offers clients a wide variety of trading accounts, ECN and STP accounts are the best。If you want to know which account type is right for you, it depends on your trading style and budget。One account is cheaper, while the other has more advantages。Before starting real trading, it is best to try it out with a demo account。

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FXOpen is a Forex broker that has been offering its services since 2005 and is currently one of the most successful Forex brokers in the world.。From the beginning, the goal of FXOpen was to make forex trading more professional, accessible and secure。