Fxopen is a global financial service provider, with award winning MT4/5 trading platform. Fxopen was founded in 2005 as educational center offering courses in the field of technical analyses and financial markets. the introduction of fxopen as a brokerage firm was to shorten the long journey of traders to the ECN market. And to unburden the load of traders in the financial markets. Read as fxopen review will throw morning light to the dark page of other fxopen reviews.
The quest for fxopen review is a great idea as we keep scanning for the best forex brokers; With the best platforms. Today you and I will briefly go through fxopen review trend.
After the launch of FXopen in 2005; They are the first broker to introduce Micro accounts and swap-free Sharia compliant accounts a year after.
In 2009 FXOpen launched ECN MT4 trading platform coupled with the minimum 0.1 lot.
The launch of PAMM technology.
FXOpen reduces the minimum spread in ECN accounts down to 0 pips.
The launch of Forex traders’ competitions at ForexCup; not only-but also
FXOpen receives the World Finance magazine award as the Best Forex Broker in Australasia 2011.
More-so, FXOpen receives 3 awards from IB Times Trading Awards as Best Islamic Forex Broker 2011, Best South-East Asia Forex Broke
In addition to the above, FXOpen is named Best ECN Broker of 2012 by the independent rating of Masterforex-V International Trading Academy;
FXOpen’s MT4 ECN trading platform receives the gold medal as the Most Popular Product at the 9th International Shanghai Money Fair.
FXOpen launches One Click Trading and Level2 Plugin in order to improve order management in the MT4 trading platform.
FXOpen UK, a London-based company within the FXOpen Group of Companies, receives the Financial Services Authority (FSA) license, registration number 579202. The launch of the London office and the www.fxopen.co.uk web-site.
By introducing STP accounts offering ECN liquidity with a starting deposit of only $100.
In addition to this FXOpen extends the list of payment options by adding Dengi Online, Yandex Dengiand local bank transfers, Neteller, Netbanx Asia, OneCard and withdrawals to credit and debit cards;
The launch of ticketing via the Customer Support portal support.fxopen.com;
FXOpen together with ForexCup organizes regional Forex trading championships – Asia Championship, Russia Championship and China Championship
Redesigned FXOpen official website and back-office personal area with modern design and improved functionality.
The launch of Crypto Accounts and the introduction of new financial instruments such as Bitcoins, Litecoins, Namecoins, and Peercoins.
The launch of Windows VPS Hosting provided to FXOpen ECN, STP and Crypto account holders.
The implementation of Two-Factor Authentication to provide an extra layer of security for our clients’ personal data
The launch of CFDs on ECN accounts;
The launch of MT4 Webtrader, an online version of MT4 not requiring download and installation;
The introduction of 0.01 minimum lot size on ECN accounts;
Reduction of the minimum deposit for ECN and PAMM accounts. Starting with 2015 you can open an ECN or a PAMM account with USD 100 and USD 200 respectively;
Following the CHF crisis in January 2015 we have changed 5 liquidity providers within our pool in order to make sure that our clients get only the top-quality liquidity from the most reputable counterparties
The launch of FXOpen Analytics – a new service for collecting and analyzing your trading statistics;
PAMM service now allows Masters to import trading history from Myfxbook accounts;
ECN accounts can now be denominated in Bitcoin;
New crypto currencies ETH and Dash were added;
The ePayments payment system was added and an FXOpen branded pre-paid debit MasterCards card was issued.
The launch of the 90-day FXOpen Cashback Program that gives traders the opportunity to receive rebates from their own trades (including loss-making ones);
Increased partner’s comission;
The launch of PAMM-Crypto accounts, so that PAMM-Masters and their Followers can benefit from investing into the growing and highly liquid crypto market.
Deposits and withdrawals via Tether – a US Dollar-pegged cryptocurrency, that lets FXOpen customers deposit and withdraw in USD and EUR equivalents using the Blockchain technology;
Deposits and withdrawals via Alipay, WeChat Pay and ChinaUnion Pay – Asia’s leading mobile payment solutions
Security of fund and management
Fxopen has fully segregated traders fund and this is under FCA Client Asset Rules “CASS” and are held in separate accounts to FXOpen’s own funds.
All retail clients of FXOpen UK, whether you are a UK citizen or not, have their funds fully protected up to £50,000 by the FSCS in the event that FXOpen UK is unable to return client money.
FXOpen UK offers traders an opportunity to trade in a variety of assets including currency pairs, commodities, and CFDs, among others.
FXOPEN TRADING PLATFORMS
The trading platform on FXOpen UK is the MetaTrader 4, which is the world’s most popular trading platform. That have advanced technology, fully customizable features, EA integration and fast execution, it is the ideal platform for all types of trader.
Besides, If you have MT4 WebTrader, you simply login through a web browser with no need to download the MetaTrader application.
With the MT4 mobile app you can trade on your IOS or Android smartphone and tablet from anywhere with an internet connection. The App has all the essential features of the MT4 Desktop application allowing you full access to your trading account.
ACCOUNT TYPES AND INFORMATION
Traders can maintain two main types of accounts on FXOpen UK:
Finally, in addition they offer demo account
Finally People are asking for the best forex brokers with the best platforms. However, It’s important to know that mt4 is the most used and popular trading platform. While we consider fxopen to be perfect in mt4 with this fxopen review. Traders feedback says best, Fxopen has tried had to come up as one of the best MT4 platform provider.