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.
FXOpen Review
FXOpen comes with fixed spreads of 2 to 4 pips for the major
currency pairs. You only need a bare minimum of $1 for a micro account and $25
for a standard account, though FXOpen recommends that you start with $300-$500.
Beginners can open a free demo account and start practising within 15 secs of
filling up a simple application form.
One of the great things about FXOpen is that they have partners all over the world in such far flung places as Italy, Malaysia, Brazil, Indonesia, Iran, Philippines, etc. Their support is pretty comprehensive with different phone numbers for the USA, Egypt, UK, France, Switzerland and Hong Kong.
A drawback of FXOpen is that you can’t deposit money into your account through your credit card. Instead, you are offered 7 options: Wire transfer from your bank account, local deposit, Western Union, Liberty Reserve, E-Bullion, CashU, WebMoney, or E-gold. There’s good feedback from existing customers though about the fast speed of cash withdrawal compared to other brokers.
The platform is straightforward to use and comes with all the expected features such as stop loss, limit orders, trailing stop loss and take profit levels. It also comes with a nice little one-time bonus of $100 once you accumulate 10 standard lots for the first time.
Good news too for Islamic traders is that no swap trading is available in FXOpen.
Everything considered, FXOpen has everything a forex trader could ask for. If you are using an automated forex trading robot, this will be the broker for you.
Trading conditions
One of the great things about FXOpen is that they have partners all over the world in such far flung places as Italy, Malaysia, Brazil, Indonesia, Iran, Philippines, etc. Their support is pretty comprehensive with different phone numbers for the USA, Egypt, UK, France, Switzerland and Hong Kong.
A drawback of FXOpen is that you can’t deposit money into your account through your credit card. Instead, you are offered 7 options: Wire transfer from your bank account, local deposit, Western Union, Liberty Reserve, E-Bullion, CashU, WebMoney, or E-gold. There’s good feedback from existing customers though about the fast speed of cash withdrawal compared to other brokers.
The platform is straightforward to use and comes with all the expected features such as stop loss, limit orders, trailing stop loss and take profit levels. It also comes with a nice little one-time bonus of $100 once you accumulate 10 standard lots for the first time.
Good news too for Islamic traders is that no swap trading is available in FXOpen.
Everything considered, FXOpen has everything a forex trader could ask for. If you are using an automated forex trading robot, this will be the broker for you.
Trading conditions
| Company: | FXOpen Investments Inc. |
| On-line since: | 2005 |
| Country of origin: | Mauritius |
| Trading software: | Meta Trader 4 |
| Minimum account size: | $1 |
| Minimum lot size: | 0.001 lot |
| Commision rates: | $0 |
| Leverage: | from 1:1 to 1:500 |
| Spreads: | 2 pips on EUR/USD |
| Minimum deposit: |
$1 Micro, $25 Standard and $1000 ECN
|
| Payment options: | Multiple options for deposit and withdrawal: Liberty Reserve, WebMoney, CashU, E-Bullion, e-gold and wire transfer |
| Internal Transaction | Avalable |
| Trading Plans: | Mini Account:
Standart Account:
ECN/STP Account:
|
| bonuses: | Standard Account: US$25 welcome bonus after opening an account (The Bonus will be added to your account automatically after the $100 of deposit) Micro Account: US$1 welcome bonus after opening an account |
| Languages: | English, Spanish, French, Portuguese, Chinese Mandarin, Chinese Cantonese, Thai, Malay, Russian, Arabic, Hindi, Farsi, Indonesian, Georgian |
| Contact: | USA: +1 (352) 397-2678 Egypt: +20 100033993 United Kingdom: +44 113 815 0258 France: +33 870 440 213 Switzerland: +41 (44) 586 58 67 Hong Kong S.A.R., China: +852 8199 0778 Direct Questions: info@fxopen.com Client Service: manager@fxopen.com Complaints: finance@fxopen.com |
| Website: | See FXOpen. |
Advantages
- MetaTrader 4 Forex broker
-
ECN Forex broker -
Traders contests and competitions -
Bonus for real trader account opening - Muslim Forex broker - no-overnight interest accounts
-
WebMoney funds deposit/withdraw option -
Futures trading is available -
Start trading with as little as $1 -
Allows investing via Percentage Allocation Management Module
Disadvantages
- No important disadvantages
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