FXopen review

FXopen_HP

About FXopen Broker

Fxopen is a FX and CFD‘s broker that was founded as an educational center offering courses in the field of technical analyses and financial markets and has been in existence since 2005. Fxopen is committed to provide excellent services worldwide.

Security

Fxopen provides our clients with full liquidity from multiple participants in the forex market and client‘s funds are held fully segregated from our company‘s funds in designated trust accounts registered with ADI. Fxopen is regulated by both the (FCA) and (ASIC) institutions.

Trading Platforms

FXopen offers the MetaTrader 4 and the MetaTrader 5 trading platforms. These platforms can be accessed via desktop, mobile devices and webtrader.

The MetaTrader 4 features includes

  • Manual trading
  • Automated trading
  • Charting
  • Analytics
  • MQL

The MetaTrader 5 features provides

  • Trading flexibility
  • Professional technical analysis
  • Fundamental analysis tools
  • Trading signals
  • Mobile trading
  • Web trading
  • Algorithmic trading
  • MetaTrader Market
  • Virtual hosting.
  • News streaming
  • Netting supported
  • Multi-threaded strategy tester
  • Built-in MT5 and MQL5 help guides

Mobile Trading

  • Place market and pending orders.
  • Analyze market trends with built-in technical indicators.
  • Use interactive charts.
  • View account history and statements, detailing your open trades and account balance.
  • Receive push notifications whenever important events occur.

Web Trading

  • Compatible with all operating systems
  • Supports all popular browsers
  • Familiar interface of MT4 Desktop
  • Reliable data protection
  • One click trading
  • Close by and multiple close by trade requests

Tools

  • One Click Trading and Level2 Plugin
  • Margin and Pip Value Calculator
  • Currency Exchange Rates
  • Commission Calculator

Accounts

Fxopen provides the Micro Account, STP account, ECN Account, Crypto and a Demo account.

Auto Trading

  • My fxbook
  • ZuluTrade
  • VPS

Costs

  • Fxopen offers competitive spreads from 0 pips.
  • Minimum deposit from $1.
  • Maximum leverage up to 1:500 to its traders.
  • Deposits and withdrawals can be done via bank wire transfers, debit/credit cards, electronic payments and prepaid cards.

Client Support

FXopen provides client support in different languages via live chat, email, phone, and at the main offices 24/5.

Regulation

Fxopen is authorized and regulated by the Australian Securities & Investments Commission (ASIC) and the Financial Conduct Authority (FCA).

Conclusion 

Fxopen provides a variety of trading accounts such as the Micro account, STP account, ECN account, Crypto account and a Demo account. Clients can trade on either the MetaTrader 4 or MetaTrader 5 trading platforms with fast and reliable payment methods guaranteed. Fxopen also ensures that high security features are in place and in accordance with financial institutions for client’s funds and offers top notch customer support to its clients 24/5 through various mediums.

4 COMMENTS

  1. After doing a lot of research in the past i started my Forex trading with FXOpen broker. This broker has very good liquidity in all types of market conditions and this is why i choose this broker.

    Now i can do my trading with profits and i am a profitable trader because of FXOpen.

  2. When 8 years ago I started trading on Forex, I was looking for a broker that conducts demo contests – I wanted to learn how to trade without risking my deposit, and I wanted to get an initial deposit without investing my own funds. I found FXOpen – this broker runs many contests for beginner traders. On the one hand, the broker is interested in training its new clients, and on the other hand, it helps them to become professional traders and gives real prizes – they can be used for trading or simply withdrawn as a profit. Over the years, I have repeatedly won prizes in various contests from FXOpen and have used these prizes both for trading and for withdrawing. Real prizes in contests are a feature of the company, because now it is quite rare to find a contest with withdrawable prizes. The company also has its own forum where contests are held. Now there is a very popular weekly contest from FXOpen “Competition from 10 TO 100”. I opened a real STP account for only $ 10, traded on it and not only withdrew my profit for trading, but periodically got into the winners and received additional real money in this contest. At the same time, the company provides very good trading conditions on a real account, so that I can even trade XAUUSD gold, having a small deposit – a leverage of 1: 500 and a low spread. I am very happy with my broker, because the withdrawal of profits is always quick and hassle-free. The company has professional technical support.

  3. Is FXOpen good or bad?
    There’s been talk a lot about the credibility of that company see you my personal experience with them to know that.
    First of all, in terms of credibility.
    So far, I haven’t seen anything wrong with that company, so trading with them hasn’t had any problems, and I’ll give some examples of that.
    As for the market movement, I’ve been watching the market movement, the Japanese candlestick movement, the pairs movement, comparing it to some other big companies, and I’ve never found any difference.
    The movement of Japanese candles can vary in the timing of their closing and opening on different time frames but the price movement is fixed in such timing as other companies and this in terms of market and price movement
    As far as the spread is concerned, I’ve found the spread on different pairs is very small, which is a good thing for this company.
    Once Upon a time that company did not have a good reputation and had many problems have solved those problems now and no longer exist, the company improved their policy and changed it and one of those problems is the lot was very large but now it is very small to suit all traders
    Among other problems that were present the company is trading large amounts and I think that problem is also solved now.
    The company has its own platform now other than MetaTrader 4 and MetaTrader 5, which means that the company has three trading platforms
    This is unlike the company’s endeavors to bring new customers through the bonus, which is 10 US dollars for registration and began trading as it tries to maintain its current customers by making periodic contests almost one of the most famous of these competitions is the forex Cup competition, which reaches a total of 2000 US dollars, which are various competitions throughout the Year winners
    However, the company is flawed by one thing, which is the bonus system, there are a lot of problems with it, for example, the company determined by the competition announcement about the forex cup competition, which is the publication of the announcement of the competition in other forums and in exchange for each publication a certain amount of cents and after I made those and I might say I’m less at a loss than other members, even if I saw a complaint from one of the members, he was supposed to be sent 200$, and I’m only sending him 50$, and that complaint is in the forum so far.
    The disadvantages are also the lack of credibility in sending the bonus they reduced the value of the bonus and reduced competitions and also do not send the bonus where it became not enough for the member to pay the value of the internet package consumed in the work of posts and topics of the company and we hope the management in looking at this and
    Other than multiple platforms, there are also many accounts such as STP and ECN and many withdrawal and methods, both direct and indirect
    And other people are good at dealing with trading and did not happen to me any problems with trading or withdrawals filing to the Warren’s of good companies that will developing a large in the next period is what the company is trying to do now of the improvements and interest of the company
    One of the most important features of the company
    Account count and low spread easy withdrawal and deposit
    One of the most important disadvantages of the company
    Weak technical support and problems of the Arab section and bonus

  4. My review of FXOpen
    Prices can be from respectful and honest companies that can be traded with a low spreads. For example, you find that the spread for the pair of the US dollar against the Japanese yen is 14 points.
    I had the experience of trading on risky days, especially on Christmas holidays in December and January, and it is known that many traders do not prefer trading at this time of the year due to the high risk and market fluctuations in these two months.
    Among the features of the company
    One of the additional advantages of the company is that it carries out periodic contests between traders and various contests to obtain an additional bonus for trading with it and always encourages traders to trade and does not skimp on them with information as there are forums for the company with all Languages have a multitude of information and members ’experiences in trading. It is also noticeable that the company’s activity in previous years has made remarkable progress and has worked to correct past mistakes and has improved a lot. Now the company also gives a free registration bonus as an encouragement to new traders and always comes with offers and discounts for traders to encourage them to continue trading
    Company flaws
    Among the most serious defects of the company that I notice is technical support, there is technical support and is quick to respond, but I do not find that it has all powers to solve the problems of traders, so it often does not solve problems or takes more time to solve them
    One of the biggest defects of the company is the Arab section, so it is known that Arabs are those who love to gamble and trade through forex, and that company is not good at winning the Arab customer to it, and this is for several reasons, the most important of which is Arab technical support
    Among the disadvantages of the Arab section is the bonus, as the administration does not pay any attention to the bonus for the Arab section, and there is always tampering and changing conditions for not sending the bonus for members, and this also has a great impact on the company’s inability to attract the Arab customer

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