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FXOpen provides four main account types that each have their own unique trading conditions and serve the purpose of providing traders with a dynamic trading experience and environment along with being the best pricing schedule.
FXOpen at the Glance
| ? Broker’s Name | FXOpen |
| ? Headquartered | UK, Australia, Nevis, and Saint Kitts |
| ? Year Founded | 2005 |
| ⚖️ Regulating Authorities | FCA, ASIC |
| ? Countries not accepted for trade | United Stated |
| ☪️ Islamic account (swap-free) | Yes |
| ? Demo Account | Yes |
| ? Institutional Accounts | Yes |
| ? Managed Accounts | Yes |
| ? Maximum Leverage | 1:500 |
| ? Minimum Deposit | $1/R14.95 |
| ? Deposit Options | Credit cards Debit cards Walao! Pay Local Wire Transfers (or Skrill) Local Deposits Alfa-Click China UnionPay Bank Wire Transfer, and more |
| ? Withdrawal Options | Credit cards Debit cards Walao! Pay Local Wire Transfers (or Skrill) Local Deposits Alfa-Click China UnionPay Bank Wire Transfer, and more |
| ? Platform Types | MetaTrader 4, MetaTrader 5 |
| ? OS Compatibility | Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads |
| ? Tradable assets offered | Forex, Gold, Silver, CFDs, Indices, Cryptocurrencies |
| ?? Languages supported on Website | English, French, German, Russian, Spanish, and more. |
| ? Customer Support Languages | Multilingual |
| ? Customer Service Hours | 24/5 |
| ? Open a account | ? Click Here |
Choose your short section of our FXOpen Account Types below.
FXOpen Account types – 10 key points quick overview:
FXOpen at the Glance- FXOpen Account types – 10 key points quick overview:
- FXOpen Overview
- FXOpen Account Types
- FXOpen Demo Account
- FXOpen Islamic Account
- FXOpen Customer Reviews
- FXOpen Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the FXOpen Account types as well as the treading features and benefits offered for each account.
FXOpen Overview
FXOpen is an established forex broker founded in 2005. It has headquarters in the UK, Australia, Saint Kitts, and Nevis. This ECN and STP broker falls under the strict regulations and authorization of ASIC and FCA. It was one of the first online brokers established and remains one of the most reputable brokers.
It offers some of the best, competitive trading conditions, with low spreads, low commissions, and fast trade execution. The services of FXOpen are offered to both retail and institutional investors and it caters to their trading needs and objectives through comprehensive and tailored trading conditions and trading solutions.
In addition to the various live account types on offer, it also offers PAMM accounts. Trading can be done on the MetaTrader 4 and MetaTrader 5 platforms on a variety of instruments such as Forex, Gold, Silver, CFDs, Indices, and Cryptocurrencies.
Customers from the United States are not accepted as clients.
FXOpen Account Types
With FXOpen, traders have the option to choose between four main live account types. Each has its own trading conditions and serves the purpose of providing traders with a dynamic trading experience and environment along with the best pricing schedule.
The live account types are Micro Account, STP Account, ECN Account, and Crypto Account.
Traders will find that through these live accounts, FXOpen offers competitive trading conditions along with comprehensive solutions and services.
FXOpen Account Features
Micro Account
Minimum deposit of $1
Maximum account balance of $3 000
Maximum transaction size of $1 000 000
Market Maker Business model
Floating spreads
Commission-free trading
Leverage up to 1:500
Minimum transaction size of 0.1 micro lots
Maximum of up to 100 open trades simultaneously
Margin call of 20% and stop-out of 10%.
Access to 28 Forex pairs, Gold and Silver
Access to bonuses, hedging, and EAs
STP Account
STP business model
Minimum deposit of $10
Unlimited account balance
Floating spreads
Commission-free trading
Leverage up to 1:500.
Minimum transaction size of 0.01 lots
Unlimited transaction sizes and open trades
Margin call of 50% and stop-out of 30%.
Access to 50 Forex pairs, Gold and Silver
Access to bonuses, hedging, EAs, scalping, news trading, phone dealing, and market depth
ECN Account
ECN business model.
Minimum deposit of $100
Unlimited account balance
Floating spreads from 0.0 pips
Commissions from $15
Leverage up to 1:500.
Market execution
Minimum transaction size of 0.01 lots
Unlimited transaction sizes and open trades
Margin call of 100%
Stop-out of 50%
Access to 50 Forex pairs, CFDs, indices, gold, and silver
Access to bonuses, hedging, EAs, scalping, news trading, phone dealing, and market depth
Crypto Account
ECN business model
Minimum deposit of $10
Unlimited account balance
Floating spreads
Commissions 0.5% of trade volume, round turn
Leverage of 1:3.
Market execution
Minimum transaction size of 0.01 lots
Unlimited transaction sizes and open trades.
Margin call of 30% and stop-out of 15%.
Access to 43 Forex pairs with BTC, LTC, EOS, PPC, ETH, DASH, and EMC
Access to hedging, EAs, scalping, news trading, phone dealing, and market depth
FXOpen Demo Account
With FXOpen beginner traders have the option of opening a Demo Account which can be utilized in several ways:
It is a practice account for beginner traders who wish to improve their trading skills and experience using virtual funds in a risk-free environment.
Traders who would like to compare and evaluate brokers and who would like to explore FXOpen’s trading conditions in a risk-free environment.
Traders who wish to test their trading strategies in a virtual live trading environment without risking their capital.
Signing up for a demo account is hassle-free and fully digitalized. Traders have the option to register a demo account on an STP Account, ECN Account, or Crypto Account.
The registration can be done within a few minutes after which demo trading can commence. All still left to do is to install one of the trading platforms on your preferred device, namely desktop PCs that use Linux, Windows, or macOS, or mobile devices such as Android or iOS.
Traders also have the option to access the trading platforms from their web browser and use their credentials to sign into their FXOpen Demo Account using the trading platforms’ WebTrader.
FXOpen Islamic Account
An Islamic Account caters specifically to traders of the Muslim faith who follow the Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as exploitative and wasteful.FXOpen offers Muslim traders who follow the Sharia law the option of opening an Islamic Account.
Should traders hold positions open overnight after the trading day has concluded, this type of account allows exemption from such fees or interest, should they hold positions open for longer.
FXOpen offers Islamic accounts on the Micro, STP, and ECN accounts. Muslim traders can ask for an Islamic account during the registration of an account or can request it be changed to one after the account has been approved.
It is unclear whether FXOpen charges additional commissions or admin fees on financial instruments, or whether Islamic Account holders will be subjected to wider spreads. This information will need to be verified with FXOpen before registering a live account.
FXOpen Customer Reviews
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Excellent service allround.
Excellent service allround.
Good trading platform
Very good support team
No issues look
5/5 Definitely would recommend it for beginners and pros alike.
Great broker I have been using them since 2019.
Whenever I had an issue I could always contact either the live chat or submit a ticket and have it quickly resolved.
FXOpen Pros and Cons
| ✔️ Pros | ❌ Cons |
| Commissions are low | Fixed spread accounts not offered |
| ECN model used | Limited financial instruments |
| Free VPS access | No clients from the US accepted |
| MetaTrader 4 offered | Restricted leverage for EU-clients |
| Tight spreads offered | |
Conclusion
FXOpen provides four main account types that each have their own unique trading conditions and serve the purpose of providing traders with a dynamic trading experience and environment along with the best pricing schedule.
You might also like: FXOpen Review
You might also like: FXOpen Account Types Overview
You might also like: FXOpen Demo Account – Step by Step
You might also like: FXOpen Fees and Spreads
You might also like: FXOpen Islamic Account Overview
You might also like: FXOpen Minimum Deposit
You might also like: FXOpen Sign-up Bonus
Frequently Asked Questions
Trading environment
How many instruments can I trade with FXOpen?
You can trade the following financial instruments:
- Forex
- Gold
- Silver
- CFDs
- Indices
- Cryptocurrencies
Which platforms are supported by FXOpen?
MetaTrader 4, MetaTrader 5, FXOpen Tick Trader.
Does FXOpen offer leverage?
Yes. Leverage of up to 1: 500.
What spreads can I expect with FXOpen?
You can expect spreads that start from 0.0 pips on the ECN account.
Does FXOpen charge commission?
Yes. Commissions from $15 are charged to the ECN Account.
Are there additional charges on the Islamic account?
Not that can be seen on FXOpen’s website.
Is FXOpen regulated?
Yes. FXOpen is regulated by ASIC and FCA.
Is FXOpen a recommended forex trading broker for experts and beginners?
Yes. FXOpen offers a trading environment for both beginners and expert traders.
What is the overall rating out of 10 for FXOpen?
7/10.
Featured SA Shares Writer and Forex Analyst.
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