In 2003, FXOpen opened as an educational center in Cairo, Egypt educating and preparing individuals and groups in technical analysis for stocks and foreign exchange.
In early 2005, FXOpen opened its own dealing service, and has since been at the forefront of the Retail Forex industry by striving to offer the best trading conditions, training and financial services to traders around the world.
FXOpen is a true success story achieved with strong customer service principles, flexible options, attractive promotions and a dedication to being the best.
Now in 2009, in addition to servicing Retail Forex clients via the industry standard trading platform, Metatrader 4, FXOpen is proud to announce the launch of its innovative ECN/STP service.
The FXOpen ECN/STP service is unique in the way that it bridges the world's top liquidity providers into one MT4 platform offering not only an ECN price feed but also true ECN/STP execution and fills. FXOpen also provides an excellent PAMM service that combines multiple accounts into one account for the convenience of money managers.
From inception, FXOpen, has been one of the foremost trading service for Islamic traders with Sharia compliant swap free accounts being provided to give Muslims the same opportunity as is offered to clients worldwide. As a company with a global vision, FXOpen has been and always will be a company that tries to understand the different needs of traders from all cultures and beliefs.
FXOpen, with its extensive global reach, wide range of services, strong growth and experienced team of professionals, is your best traveling partner along the road to success.
|Address||Ebene Heights No 34, Cybercity Ebene, Mauritius|
|Free phone||+230 403 43 00|
|24 hour support|
|24 hour trading|
|Digits after the dot in quotes||5|
|Minimum position size||0.01|
|Pip spread on majors||2-5|
|Standard account, $||1|
|Mini account, $||1|
|Other payment methods|
|Popular payment methods||Credit Card, PayPal, Wire Transfer|
|Account currencies||EUR, USD, GBP|
|Other instruments||metals, stocks|
|Languages||English, Spanish, Chinese, Japan, Arabic, Italian, German, Portugese, Russian, French, Turkish|
|Platforms||Meta Trader 4|
|Regulation||FSPR, ASIC, FSCL|
Company accepts many types of payments so it doesn't make any problems whether I deposit or withdraw funds. Good start for small traders with limited capital. As well as I did, anyone can open account with $1 from wherever you are. In my case, this is from Spain and I had no issues in processing docs not in English. In addition, trading is comfortable even on small accounts. High leverage allows to trade with much bigger volumes. It is 1:500, which is perfect and beneficial to trade with 50 bucks on balance.
If you are not perfect in forex trading, do not worry about it and invest in PAMM account of FX Open. This is not advertising, just I am happy to find a perfect broker finally. I am trading here in the ECN environment on PAMM account. Frankly speaking, I do not like the stop out level – it is rather high – 50 %, I’d prefer to have liquidation of the opened positions instead of stop out, but my trader is doing well and we manage to escape the consequences.
Besides, it is possible to change the leverage the broker provides. The trader should send a message with a desirable level of leverage and it could be reconsidered. Cool!
Good News for FXOpen!
FXOPEN INVESTMENTS PTY LTD
ABN: 61 143 678 719
Licence No: 412871
is hereby licensed as an Australian Financial Services Licensee pursuant to section 913B of the
Corporations Act 2001 subject to the conditions and restrictions which are prescribed, and to the
conditions contained in this licence and attached schedules.
FXOpen was just named Best Forex Broker Australasia 2011 at the World Finance Forex Awards. When accolades such as this are awarded to a company, it goes to chow which company is the best choice.
fxopen is a very good ECN broker. I trade forex as part of an extensive portfolio so reliable trading is a must for me and this metatrader platform is steady as rocks.