Best Forex Brokers:FXOpen Review
FXOpen has been offering Forex brokerage services since 2005 and is currently one of the most successful and fastest-growing Forex brokers.
Choose the Best Forex Brokers Right Now!
Since the very start FXOpen has been true and loyal to its goal - making Forex trading more professional, easy-to-access and secure. FXOpen was founded by a group of traders so everything we do has the traders' interests at its core.
With our many years of experience, we know all the ins and outs of Forex trading. We know what it takes to achieve success in Forex and the pitfalls that may impede traders on their way there. We are open and like to share our experience and knowledge with traders to help them achieve the best possible results.
Our business model
FXOpen was the first Forex broker to offer its clients ECN trading via the Meta Trader 4 terminal. And with FXOpen's unique proprietary price aggregating technology our clients can benefit from the industry's most competitive spreads and low trading commissions. In addition, with our One Click Trading and Level 2 MT4 plug-in, traders can also place trades with just one click of the mouse.
In 2014 FXOpen continued to set the pace with its latest technologies and offered its retail and b2b clients Bitcoin trading.
Our clients can choose from a variety of trading accounts (STP, Micro, ECN and free unlimited demo accounts) and enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems. FXOpen also offers its own PAMM technology allowing our clients to benefit from the strategies of experienced traders with a proven track record of successful trading and guarantees automatic distribution of profit and loss between the strategy provider and the strategy followers. We also welcome Islamic traders and let them take advantage of Forex trading without violating Sharia law by offering them SWAP free accounts.
Our liquidity
FXOpen clients receive real-time quotes from the industry's largest liquidity providers. The list of our LPs include Dresdner, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JPMorgan, Morgan Stanley, Deutsche Bank AG, RBS, CITI, UBS, HOTSPOT INST, GOLDMAN and LavaFX.
FXOpen guarantees excellent customer support, strict compliance with all trading terms and conditions and reliability, backed up by the latest state-of-the-art technology.
We believe that with a trader-oriented approach and strong focus on technological innovation, we can dramatically change the market for the benefit of the trader.
Our advantages:
- For the first time in the Forex industry – cryptocurrency trading with Bitcoin, Litecoin, Namecoin and Peercoin
- Trading accounts to suit every level of experience and investment – ECN, STP, Crypto, Micro
- The industry's most competitive spreads - from 0 pips
- Minimum deposit – from $1
- Advanced price aggregating ECN technology
- Maximum leverage up to 1:500
- A wide selection of fast and reliable payment options
- A vast network of regional offices and representatives
- FXOpen Help
- The latest economic news, professional market analyses and a Forex calendar
- Monthly and daily account statements
FXOpen is among the world's leading Forex brokers with a vast and satisfied clientele. Since its inception, it has been a company with vast global potential and reach, dynamism and experienced employees, these factors ensuring the financial success of its customer and the company’s continued growth.
Started in 2003, FXOpen was an educational center in Cairo providing training to individuals in the areas of technical analysis of stocks and Forex. In 2005, FXOpen started their own dealing agency and raced fast to the forefront of the world's Retail Forex industry on account of their excellent service. it has been the premier trading service for Islamic traders with Sharia compliant swap-free accounts.
FXOpen takes pride in featuring the first ever MT4 ECN trading platform coupled with PAMM accounts, which combination makes for esoteric trading conditions, safe order execution, speed of operations, and consistent support. PAMM accounts are a new feature that came about when FXOpen saw the need for a new investing tool. The PAMM service, Percentage Allocation Management Module is good for professional money managers who like to manage their funds. There are PAMM accounts through FXOpen for either managers or investors and you can accss the full list of PAMM accounts on the website.
The website is very impressive, from the colors used, to the streaming news, to the comprehensive information available, it is very eye-catching, the company logo of the bull and bear adding charm to everything! There is a provision for live chat as well as for gleaning knowledge in different areas like Forex, Forex education and analytics, and the trading platforms, including information about Electronic Communications Network (ECN) training. The visuals facilitate an understanding of everything.
FXOpen offers a variety of promotions when trading with them. You can receive 100 dollars after opening a Real Money account and trading 10 standard lots. There are also bonuses when opening Standard and Micro accounts as well. They also provide the option of transferring money from your old account with a different broker to their account while receiving a welcome bonus!
Across the screen there is a running currency pairs update letting you know the current information and exchanges for what interests you and your trading. There is also a live news section discussing Forex news, and other financial world news as well.
Across the screen there is a running currency pairs update letting you know the current information and exchanges for what interests you and your trading. There is also a live news section discussing Forex news, and other financial world news as well.
There is a very organized contact section, giving you different areas of expertise you may need help in, with email addresses. A very cool addition is the contact information of customer support for both Skype and ICQ for when you have difficulty while speaking to someone from FXOpen. As of recently, FXOpen is now offering a Call-Back request option where you can fill out a form on their website with your information including your country you are in, and the language you prefer and someone will call you back from the company.
FXOpen is a true story of success, given its strong service motive, fine work ethic and dynamic nature, its website comprises all these features and evokes trust.
Choose the Best Forex Brokers Right Now.
Start Your Forex Trading Journey!
