The Financial Commission, based in Hong Kong, provides international oversight and investor protection. An online application for an eWallet initiates the account opening process. It may be completed by using an existing social media profile or by submitting an e-mail address and valid phone number. Account verification is mandatory to comply with KYC/AML regulations. VPS is free of charge (provided minimum conditions are met) or for a $30 monthly fee. At FXOpen, you can sign up to a Demo Account to practise your strategies.
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
Trading Hours Schedule for the US Labour Day
Both the MT4 and MT5 platforms follow industry-standard security requirements, including 128-bit Secure Sockets Layer (SSL) encryption and two-step verification upon login. Anti-money laundering and know-your-customer protocol is adhered to. FXOpen offers four trading platforms; a proprietary platform named TickTrader, TradingView, plus MetaTrader 4 xcritical official site (MT4) and MetaTrader 5 (MT5).
Make moneytrading Forex withFXOpenECN broker with over 15 yearsexperienceTight spreads andlow commissions!
With this platform, you’ll benefit froma wide range of fully customisable features and advanced technical analysis. The experience of forex trading with FXOpen using Metatrader 4 is satisfactory, I only started using the platform in early 2024. In terms of trading platforms, I like Metatrader 4 perhaps because I am familiar with this platform which is also used by the broker I used before. FXOpen offers a free demo account on any of the platform options. You can sign up for the demo profile directly via the broker’s homepage. When we registered for the profile, it took less than two minutes.
The Financial Commission allows FXOpen to bypass expensive and often counter-productive rules while offering protection to traders. Portfolios are covered up to €20,000 per case, which is on par with CySEC regulated entities. The Financial Commission is gaining traction within the brokerage industry as a genuine solution to uncompetitive regulatory requirements. FXOpen offers a $10 no deposit bonus (NDB) for the ECN TickTrader account and the STP PAMM accounts. There is also a $1 welcome bonus for Micro accounts and a ForexCup Trading Contest bonus, subject to demo contest terms and conditions.
This can be a live FXOpen account or a demo account to see how it all works. Enjoy low cost trading with spreads from 0.0 pips and commission from $1.50 per lot. Our ECN accountis the most cost-effective form of FX trading, with no fixed spreads or additional pips added.
Demo Account Review
Note that the FXOpen UK entity is unable to provide PAMM accounts. There are no bonuses or promotions for traders located in the UK or EU, aligned with ESMA restrictions on financial incentives. Once logged in, follow the on-screen prompts to download the MT4 platform.Alternatively, visit the web browser-based platform to access your account. With these robots, you can take positionson the markets based on algorithms informed by you. As a MT4 broker, we can help you manage your potential risks by offering minimum transaction sizesas low as 0.01 lots.
With us as your MT4 broker, you can use one trading platform to trade forex, commodity, share, index, and cryptocurrency CFDs. Reliable platforms, competitive pricing, regulatory compliance, and responsive support. Of course, trading always xcritical scammers carries risks, but with FXOpen, I feel like I’m in good hands.
Choose a trading platform that fits your needsand trade from anywhere. Your trade is executed instantly through our wide range of liquidity providers streaming real-timeprices. Apply for a free VPS (see Terms & Conditions) for enhanced trading flexibility and speed. If you have experience trading with FXOpen please share your personal review of the broker and what you think are strong and weak points.
Let FXOpen provide insightful analysis and useful information to help inform your trading decisions. High frequency trading, all types of expert advisors (EA’s) and scalping are all welcomed forms oftrading. Check the timezone in your area and published market opening times.
- Corporate actions such as dividends and mergers impact equity and index CFDs; how they are processed remains unclear.
- VPS is free of charge (provided minimum conditions are met) or for a $30 monthly fee.
- For major forex pairs including EUR/USD and GBP/USD, spreads averaged around 0.2 pips, whilst for EUR/GBP, spreads were offered at 0.5 pips.
- If you have experience trading with FXOpen please share your personal review of the broker and what you think are strong and weak points.
Minimum and maximum deposit and withdrawal amounts depend on the preferred payment processor, as do processing times and fees. FXOpen provides traders with an excellent selection of established payment methods and new solutions. FXOpen offers a $10 no deposit bonus for the STP account, and a $1 welcome bonus for the Micro account. A time-limited cashback program is equally available with a rather complex structure. The ForexCup, a demo account competition, is offered; real cash awards are credited to trader accounts. Research and educational content are provided on the FXOpen blog, which features a more modern design than the website.
You can then upgrade to a live real-money account when you’re ready. Withdrawal times for bank wire transfers typically take one to three business days, whilst card payments can take between two to five working days. To get started, sign in to the FXOpen client portal and add a TradingView account. Next, fund your TradingView account through an internal transfer.
Trade with a Broker You Can Trust
FXOpen developed an ECN bridge for the MT4 trading platform in 2009, becoming the first Forex broker to do so. It offers traders access to institutional liquidity and remains a primary asset of this broker. The One-Click Trading and Level2 plugin complements the ECN capabilities. For a $30 monthly fee, traders who do not meet those requirements may also apply for the VPS service.