Entering Thoughts
What should you expect when registering at fxopen.com? This broker has proven its legitimacy and reliability, but these are not the only indicators that can 100 percent convince you of your choice. Find out more about the prospects for cooperation with FXOpen.
1st Impression
FXOpen, at first glance, is an unremarkable broker whose main task is to lift the curtain on online trading for many who want to try themselves in this area. Its commitment to consistency and at the same time timely innovative updates contributes to broad opportunities for its clients. So let’s take a look at what fxopen.com offers us and whether there are ulterior motives in its services.
FXOpen: Pros and Cons
- FXOpen UK is FCA regulated, ensuring compliance and client protection.
- Transparent operations prioritize client interests, fostering trust.
- The ECN account offers cost-effective FX trading without fixed spreads.
- Trades execute instantly through multiple liquidity providers.
- FXOpen supports various trading strategies like high-frequency trading and scalping.
- Access over 600 markets through customizable platforms like MT4, MT5, and TradingView.
- Not all users have full access to its educational materials.
- Restricted in some countries.
FXOpen: Trading Accounts
FXOpen does not have a wide selection of trading accounts, as it does not share the idea of separating types depending on the experience and skills of its clients. However, this cannot be called a minus, since it differentiates the selection of accounts by category. There are two types available – ECN and STP. They are united by the ability to trade and benefit from a completed transaction at the best price. But what is the essence of FXOpen.com in them?
ECN Trading Accounts
If you, as a trader, prefer large volume trades, you can use benefits of such account types. It is one of the most cost-effective way to increase your trading returns on various markets like crypto CFD, indices, commodities, FX, and stocks.
STP Trading Accounts
It is a simpler way for trading and can be more suitable for novice traders as it does not have hidden or repartee commissions and fees. Such simple approach at FXOpen guarantees a single pay included in the spread.
FXOpen: Payment Methods
FXOpen provides its clients with various options for funding their accounts and making withdrawals, ensuring to make these processes security and reliability. It can propose:
- Bank transfers;
- Visa/MasterCard/Electron cards.
The chosen method together with its speed can depend on the currency of your account and country. But, in general, the minimum amount of depositing is 10-50 EUR/CHF/AUD/GBP.
The speed and success of the operation largely depends on the client himself, since it is important to familiarize yourself with the information provided by fxopen.com. In short, funding a client’s trading account must be handled exclusively by the client; payments from third parties are not accepted.
FXOpen: Trading Tools
FXOpen.com offers a suite of trading tools designed to assist traders in making informed decisions and managing their trades more effectively.
- Economic Calendar. This tool helps traders to monitor important economic events that could impact the financial markets. With it, clients can plan their trading strategies around significant economic announcements.
- News & Analytics. It provides up-to-date market news and analytics, offering traders insights into the latest market trends, developments, and analysis of major currency pairs and other financial instruments.
- Dividend Calendar. It helps to track when companies are expected to pay oud dividends. It lists the dividend payment schedules of various publicly traded companies, including country, minimum amount, and date.
- Help Centre. This section contains useful content with tips in trading in the form of articles. It also can answer most of questions that arise. So our advice is to check it first if you are a client of FXOpen ad need an assistance.
FXOpen: Customer Support
Its customer support designed to be accessible and efficient at 8am-6pm. Clients can reach out through various channels as email and phone. The broker also offers a comprehensive knowledge base for self-help and learning, alongside support in multiple languages to cater to its global clientele. This robust support framework underscores FXOpen’s commitment to client satisfaction and trading success.
FXOpen.com: Closing Thoughts
FXOpen meets modern needs of traders as most of them are desire an innovative platform with helpful tools and various assets. I was also very impressed by the support of existing clients and reviews on popular resources such as TrustPilot and Google. Moreover, FXOpen focuses on simplicity and accessibility for different types of traders. You can open an account for personal needs, as a Pro Trader, and an Institutional Investor.
In addition to ease of use, the broker periodically pleases with bonuses and promotions, which makes working with it even more profitable. So everything is very good.
The platform requires frequent updates, which sometimes disrupts the workflow. But the analysis tools are good. Overall, a good broker for those who value stability and don’t attach much importance to innovation.
Overall, the broker lives up to good expectations.
Výborná podpora, rychlé vyřízení objednávky a intuitivní platforma. Své zisky jsem vybral již několikrát a vždy je vše jasné, bez prodlení. Celkově je vše velmi dobré. Chci říct, že jsem během své doby s FXOpen nikdy neměl žádné problémy. Dojmy jsou nejlepší a plánuji s ním dlouhodobou spolupráci.
Lavoro con questo broker da più di un anno e tutto è semplicemente fantastico! È il migliore!
I recommend it, but not without nuances. I am satisfied with the quality of service, convenient platform and choice of trading tools. But for experienced traders, there may not be enough depth of analytics and tools.
The platform is convenient and functional, but the commission is higher than many competitors. Because of this, I had to look for alternatives for active trading, although FXOpen is generally worth considering.
Dobrý broker se solidní platformou, ale přál bych si, aby nabízel více nástrojů, které mohou zlepšit mou obchodní strategii.
Nicht viele Broker neigen dazu, mich zu überraschen, aber dieser war einfach großartig und hatte alles, was ich von Anfang an brauchte, ich musste nicht selbst nach den Funktionen suchen. Vielen Dank an das Management, das mich geführt hat.
Let me tell you how much I enjoyed fxopen: its number of assets is just perfect, the client support is fast and responsive enough, and the interface is easy to understand and traverse. The only one thing it lacked was the execution speed – I felt like my open positions would operate better is it was faster, and I would like to receive my money a little earlier than I did. Otherwise, a good platform, I recommend!
Meine Erfahrungen mit dieser Handelsplattform in Bezug auf die Vielfalt der Vermögenswerte waren eher durchschnittlich. Während die Plattform benutzerfreundlich ist und Trades schnell ausführt, fand ich die Auswahl an verfügbaren Vermögenswerten im Vergleich zu anderen Plattformen, die ich verwendet habe, ziemlich klein. Ich persönlich denke, dass die Auswahl vielfältiger sein könnte, insbesondere in Bezug auf Kryptowährungen – neue Broker fügen definitiv mehr hinzu.
FxOpen es mi primera plataforma de trading y estoy muy contento con lo que ofrece. Especialmente el servicio de atención al cliente es impresionante y realmente me gusta charlar cuando se trata de ganar dinero. Siempre me escuchan, me ayudan con mis opciones y enfoques de trading, e incluso me dijeron qué nuevo activo elegir cuando me aburrí de las materias primas.
I have no idea why more people are not trading on here, it is such an amazing platform! My overall experience has been positive, and I have been recommending it to my friends because the choice of trading instruments is just bombastic!