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As part of its ongoing efforts to improve trading conditions, FXOpen has reduced the minimum trade size on index CFDs from 0.1 lot to 0.01.
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FXOpen broker provides traders an access to Forex and cryptocurrency markets. You can open an account from 1 USD and start trading. FXOpen was founded by a group of traders as an educational centre in 2005 before establishing itself as a Forex brokerage. With years of experience, the company has gained an excellent reputation as one of the leading and fastest-growing Forex brokers. Our mission is to offer traders professional services in Forex and cryptocurrency trading, managing and investing in PAMM accounts, analytics, all backup with excellent customer support. FXOpen provides a true ECN trading environment to its clients via the MT4 and MT5 terminals, offering the tightest spreads and low commissions.
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FXOpen | Online Trading Account | Forex broker
FXOpen offers services as a Forex broker for online trading account in which FXOpen is available with its latest technology of work to make customer accounts secure and with 15 years of experience FXOpen offers low commission services.For more assistance and information click here: www.fxopen.com/en
#online trading account#trading account#forex trading account#open trading account#ecn account#crypto account#micro account#micro account forex#forex demo account#demo trading account#cfd account#pamm account#metatrader 4
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FXOpen
Website: https://www.fxopen.com
Address: P.O. Box 590, Springates East, Government Road, Charlestown, Nevis
Phone: +64-9-801-0123
FXOpen broker provides traders an access to Forex and cryptocurrency markets.
You can open an account from 1 USD and start trading.
FXOpen was founded by a group of traders as an educational center in 2005 before establishing itself as a Forex brokerage. With years of experience, the company has gained an excellent reputation as one of the leading and fastest-growing Forex brokers.
Our mission is to offer traders professional services in Forex and cryptocurrency trading, managing and investing in PAMM accounts, analytics, all backup with excellent customer support. FXOpen provides a true ECN trading environment to its clients via the MT4 and MT5 terminals, offering the tightest spreads and low commissions.
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Does Slippage Occur On movioptionr Platforms?
Does Slippage Occur On movioptionr Platforms? Read More http://fxasker.com/question/496a1c1ee6dcba2f/ FXAsker
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WIKIFX:Trading schedule for the 2021-2022 Winter Holiday period
Abstract:Please be aware of the trading schedule changes for the 2021 Christmas and New Year holiday period (all times are GMT+2):
FXOpen as a retail and institutional forex broker offering online trading services via MetaTrader 4, MetaTrader 5 and TickTrader trading platforms. It also provides access to the electronic communication network to execute trades in currency pairs. FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
The Broker is hereby informing trades about the recent trading schedule changes which happens as a result of the Christmas and New Year holidays and warned all the Users to be aware and kindly consider the changes and ensure they're taking care of. (all times are GMT+2):
Thursday, December 23
Indices:
• #ESX50 (Europe 50) — trading ends at 23:00
• #GDAXIm (Germany 30) — trading ends at 23:00.
Friday, December 24
Commodities CFDs:
• XBRUSD (UK Brent) — trading closed
• XTIUSD (US Crude) — trading closed
• XNGUSD (US Natural Gas) — trading closed
Metal CFDs:
• XAUUSD (GOLD vs. US dollar) — trading closed
• XAGUSD (SILVER vs. US dollar) — trading closed
Indices:
• #AUS200 (Australia 200) — trading ends at 05:00
• #ESX50 (Europe 50) — trading closed
• #FCHI (France 40) — trading ends at 14:55
• #GDAXIm (Germany 30) — trading closed
• #HSI (Hong Kong 50) — trading ends at 06:00
• #J225 (Japan 225) — trading closed
• #UK 100 (UK 100) — trading ends at 15:00
• #SPXm (US SPX 500 (Mini)) — trading closed
• #NDXm (US Tech 100 (Mini)) — trading closed
• #WS30m (Wall Street 30 (Mini)) — trading closed
Stock CFDs: trading closed.
Monday, December 27
Indices:
• #AUS200 (Australia 200) — trading closed
• #ESX50 (Europe 50) — trading starts at 02:15
• #FCHI (France 40) — trading starts at 09:00
• #GDAXIm (Germany 30) — trading starts at 02:15
• #HSI (Hong Kong 50) — trading closed
• #UK 100 (UK 100) — trading closed.
Tuesday, December 28
Indices:
• #AUS200 (Australia 200) — trading closed
• #HSI (Hong Kong 50) — trading starts at 03:15
• #UK 100 (UK 100) — trading closed.
Wednesday, December 29
Indices:
• #UK 100 (UK 100) — trading starts at 03:00.
Thursday, December 30
Indices:
• #ESX50 (Europe 50) — trading ends at 23:00
• #GDAXIm (Germany 30) — trading ends at 23:00.
Friday, December 31
Commodities CFD:
• XBRUSD (UK Brent) — trading ends at 21:45
Indices:
• #AUS200 (Australia 200) — trading ends at 05:30
• #ESX50 (Europe 50) — trading closed
• #FCHI (France 40) — trading ends at 14:55
• #GDAXIm (Germany 30) — trading closed
• #HSI (Hong Kong 50) — trading ends at 06:00
• #UK 100 (UK 100) — trading ends at 15:00.
Monday, January 3
Indices:
• #AUS200 (Australia 200) — trading closed
• #ESX50 (Europe 50) — trading starts at 02:15
• #FCHI (France 40) — trading starts at 09:00
• #GDAXIm (Germany 30) — trading starts at 02:15
• #HSI (Hong Kong 50) — trading starts at 03:15
• #UK 100 (UK 100) — trading closed.
Tuesday, January 4
Indices:
• #UK 100 (UK 100) — trading starts at 03:00.
All traders are Pleased to consider this information when you plan your trading to avoid any inconvenience that may occur.
MORE ON WIKIFX WEBSITE
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WiKiFX:Trading schedule for the 2021-2022 Winter Holiday
Abstract:Please be aware of the trading schedule changes for the 2021 Christmas and New Year holiday period (all times are GMT+2): FXOpen as a retail and institutional forex broker offering online trading services via MetaTrader 4, MetaTrader 5 and TickTrader trading platforms. It also provides access to the electronic communication network to execute trades in currency pairs. FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.📷The Broker is hereby informing trades about the recent trading schedule changes which happens as a result of the Christmas and New Year holidays and warned all the Users to be aware and kindly consider the changes and ensure they're taking care of. (all times are GMT+2):Thursday, December 23Indices:• #ESX50 (Europe 50) — trading ends at 23:00• #GDAXIm (Germany 30) — trading ends at 23:00.Friday, December 24Commodities CFDs:• XBRUSD (UK Brent) — trading closed• XTIUSD (US Crude) — trading closed• XNGUSD (US Natural Gas) — trading closedMetal CFDs:• XAUUSD (GOLD vs. US dollar) — trading closed• XAGUSD (SILVER vs. US dollar) — trading closedIndices:• #AUS200 (Australia 200) — trading ends at 05:00• #ESX50 (Europe 50) — trading closed• #FCHI (France 40) — trading ends at 14:55• #GDAXIm (Germany 30) — trading closed• #HSI (Hong Kong 50) — trading ends at 06:00• #J225 (Japan 225) — trading closed• #UK 100 (UK 100) — trading ends at 15:00• #SPXm (US SPX 500 (Mini)) — trading closed• #NDXm (US Tech 100 (Mini)) — trading closed• #WS30m (Wall Street 30 (Mini)) — trading closedStock CFDs: trading closed.Monday, December 27Indices:• #AUS200 (Australia 200) — trading closed• #ESX50 (Europe 50) — trading starts at 02:15• #FCHI (France 40) — trading starts at 09:00• #GDAXIm (Germany 30) — trading starts at 02:15• #HSI (Hong Kong 50) — trading closed• #UK 100 (UK 100) — trading closed.Tuesday, December 28Indices:• #AUS200 (Australia 200) — trading closed• #HSI (Hong Kong 50) — trading starts at 03:15• #UK 100 (UK 100) — trading closed.Wednesday, December 29Indices:• #UK 100 (UK 100) — trading starts at 03:00.Thursday, December 30Indices:• #ESX50 (Europe 50) — trading ends at 23:00• #GDAXIm (Germany 30) — trading ends at 23:00.Friday, December 31Commodities CFD:• XBRUSD (UK Brent) — trading ends at 21:45Indices:• #AUS200 (Australia 200) — trading ends at 05:30• #ESX50 (Europe 50) — trading closed• #FCHI (France 40) — trading ends at 14:55• #GDAXIm (Germany 30) — trading closed• #HSI (Hong Kong 50) — trading ends at 06:00• #UK 100 (UK 100) — trading ends at 15:00.Monday, January 3Indices:• #AUS200 (Australia 200) — trading closed• #ESX50 (Europe 50) — trading starts at 02:15• #FCHI (France 40) — trading starts at 09:00• #GDAXIm (Germany 30) — trading starts at 02:15• #HSI (Hong Kong 50) — trading starts at 03:15• #UK 100 (UK 100) — trading closed.Tuesday, January 4Indices:• #UK 100 (UK 100) — trading starts at 03:00.All traders are Pleased to consider this information when you plan your trading to avoid any inconvenience that may occur.
https://wap.wikifx.com/en/newsdetail/202201052954546232.html
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FXopen Litecoin Broker | Litecoin Trading Online
New Post has been published on https://litecoinbrokerreviews.com/fxopen-litecoin-broker/
FXopen Litecoin Broker | Litecoin Trading Online
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FXopen Litecoin Broker Review
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FXOpen litecoin Broker Review | we will explain why FXopen is one of the Best brokers in the world for trading Crypto Currencies and why when you plan to trade Litecoin they should be among the brokers you will consider
[/vc_column_text][vc_btn title=”Trade Litecoin with FXopen” color=”warning” align=”center” i_icon_fontawesome=”fa fa-signal” button_block=”true” add_icon=”true” link=”url:https%3A%2F%2Ffxopen.com%2F%3Fagent%3DXX74FXPNXXM667971000B|title:FXopen%20Litecoin%20Broker%20Trading%20Account||”][/vc_column][/vc_row][vc_row][vc_column][vc_separator color=”orange”][vc_column_text]FXOpen Litecoin Broker | FXopen was originally not launched as a brokerage but as a financial trading educational center in Egypt. Then in 2005 they made the decision to become a full-service forex broker for the retail traders’ industry. Coming from the education aspect of trading they were very much aware of what was lacking at that time in the forex market and with most of the brokers. aiming for clarity and transparency FXopen has a clear mission and the financial means to realize it.
The second part of their mission statement was innovation and implementation for new technologies that should provide the traders with even better tools. Keep in mind this was in the early days of forex trading online.
A broker could at that time still distinguish themselves from others with what technologies there were offering.
For example, the introduction of the popular ECN MT4 platform revolutionizing the trader’s industry as retail traders for the first time could access inter-bank rates directly, this helped them to lower their trading costs significantly.
FXOpen Litecoin Broker is regulated by the FCA and regulations under license number FRN: 579202 in the UK. Besides the British regulation
FXopen is also active in Australia under the brand name FXOpen AU Pty Ltd, which is regulated by the Australian Securities and Investment Commission better known as ASIC.
The fact that have maintained these very restricted licenses shows that FX Open is prepared to take its client activities on their platform very seriously.
The good thing about the british licesene over for example the cysec one from Cyprus is that regardless of whether or not you are a citizen in the UK , funding your account with the brokerage that holds the license will always come with an insurance of £50,000. This prefents customers from incurring losses up to that amount in case the broker goes bankrupt
FXopen Litecoin Broker Features
FXOpen Litecoin Broker offers the metatrader 4 or better known as the MT4 trading platform
MT4 is ideal for traders of all levels because it is highly customizable, has the latest in technology implemented, easily integrated with EA ( expert advisors) and last but not least, it offers fast execution in the market.
In addition to the download version, FXOpen offers also the popular MT4 WebTrader which allows traders to trade like on most other web-based trading platforms without having to downloaded the software on their PC.
This is a browser-based, and is very convenient and easy for those who trade on the while moving around. Thou most people today have laptops there are still enough traders that have a stationary computer at home that simple cannot be dragged around everywhere.
I have to say thou that time has caught uyp somewhat with the web based trading platforms as most people twill use the mobile applications that offer the same trading optiong and FXopen Litecoin Broker also provides a trader with this solution.
They have MT4 mobile app for Android, iOS and tablets in general.
The MT4 mobile app is a fully-fledged MT4 platform which houses all features you require to trade like you would on your home-station
What account types does FXopen offer?
FXOpen offers various accounts for clients in order to cater to traders of different levels and traders that have different requirements these are the accounst:
FXopen Crypto Trading Account
This account is specially for you actually aas it is made for traders that look to trade Bitcoin, Litecoin,and Peercoin.
Because of the the high volatility and dramatic price moves Crypto-currency has shown its great potential as an investment instrument,
The Minimum deposit for a Crypto account at FXOpen is only$10 so it is easy and cheap to start . Commission is 0.25% half-turn. You can find all the details below
Minimum transaction size is 0.01 lot and there is no upper limit. Scalping, hedging, phone dealing, news trading is all permitted.
FXopen ECN Trading Account
A trader has under this account direct access to the market which is moved by the banks, centralized exchanges, companies, open brokers and other players.
The benefits of ECN accounts are :
best execution,
Lowest spreads.( from 0 pip, a minimum investment of $100, minimum lot size of 0.01 and 1.5USD commission per lot traded)
no dealing desk the broker won’t trade against you (hedge your account).
FXopen STP Trading account
With this FXOpen account, you get to enjoy all the benefits of an ECN account but with a minimum deposit of $10 only.
Like ECN account, this account offers a wide range of tradable financial instruments
The account does not restrict the use of automated trading, EAs, or strategies such as scalping, hedging etc.
The minimum lot size that you can trade is 0.01. Finally, this account does not charge commissions, and there is no maximum balance requirement.
FXopen Micro Trading Account
This is for people that really want to start with the lowest amount possible. As account lets you start trading with as little as $1.
As a trader you should not expect to make any money on this account but in general it is very usefull for beginners and for experienced traders that want to test an EA or forex Signals or any other system where they have to trade with real money but do not want to commit to higher amounts
All strategies are allowed and there are no commissions with this account, The smallest transaction that can be traded is 0.1 microlots..
FXopen CFD Trading Account
Also more and more people start trading commodities as the market is easier to understand. Indices, trade oil, natural gas and metal are traded on the ECN trading environment the same as the currencies so for many this is a very small step.
FXopen Demo Trading account
If you want to learn how to trade dor just want to see how the MT4 of FX open is working the Demo account gives you this opportunity. FXopen Litecoin Broker Trading can this way be practiced without any risk of losses.
FXOpen offers demo trading for all account types.
Spread and commission
Commissions are depending on the account type you selected. FXOpen offers floating spreads for all account types.
FXopen Customer support
The FXOpen support department is available 24/5. this is not around the clock and since now crypto currencies might be traded also during the weekends on some brokers we might see a change in this, for the moment they will be there by Mail, chat or phone from Monday till Friday.[/vc_column_text][vc_btn title=”Trade Litecoin with FXopen” color=”warning” align=”center” i_icon_fontawesome=”fa fa-signal” button_block=”true” add_icon=”true” link=”url:https%3A%2F%2Ffxopen.com%2F%3Fagent%3DXX74FXPNXXM667971000B|title:FXopen%20Litecoin%20Broker%20Trading%20Account||”][vc_column_text]
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FXOpen Litecoin Trading account
they are one of the first to actually have a dedicated accounts specially for the cryptocurrency trading community.
here the rules are a little bit different from regular Forex trading . even thou we are talking about currencies you have to see them as commodities , this way the rules spread and also the leverage will make more sense to traders that normally trading only currency pairs.
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Crypto trading account Account currency USD, EUR, GBP, RUB, JPY, *Bitcoin (mBTC), Litecoin (LTC), Ethereum (ETH), and Dash Minimum deposit from $10 (or equivalent in other currency) Maximum balance without limitations Spread floating Commission 0.5% half-turn Quotes format 0.12345 Execution market Minimum transaction size 0.01 lots Maximum transaction size without limitations Minimal increment 0.01 lots Leverage 1:3 Margin call 30% Stop Out 15% Demo accounts Yes Islamic accounts No Instruments 24 pairs with BTC, LTC, ETH, DSH, EMC, NMC and PPC Bonuses None Expert Advisors Yes Scalping Yes Hedging Yes News trading Yes Phone dealing Yes Market depth with level 2 quotes Yes Trading time 24/7 Inactive account fees maintenance – $10 per month; reactivation – $50;
*All values for Bitcoin-based accounts in MetaTrader 4 (including account balance, profit, etc) are indicated in mBTC (milibitcoin). 1 mBTC equals 0.001 BTC.
All values for Litecoin-based accounts in MetaTrader 4 are indicated using 1 LTC (Litecoin).
**The round-turn commission is equal to 1% of the base currency. Right after you open a trade, you will see the round turn commission charged. Trading commissions are a subject to review in case of high trading volumes. The minimum commission per transaction is 0.01 units of the MT4 account currency.
Commission may vary if you open an account through an affiliate, IB or franchise. Please, contact your referring agent for details.
***For overnight positions we charge an additional commission equal to the Swap rate of the particular currency pair.
[/vc_column_text][vc_btn title=”Trade Litecoin with FXopen” color=”warning” align=”center” i_icon_fontawesome=”fa fa-signal” button_block=”true” add_icon=”true” link=”url:https%3A%2F%2Ffxopen.com%2F%3Fagent%3DXX74FXPNXXM667971000B|title:FXopen%20Litecoin%20Broker%20Trading%20Account||”][vc_column_text]FXOpen Litecoin Broker | FXopen Crypto accounts allow pairs trading with the following cryptocurrencies: Bitcoin, Litecoin, Ethereum, Dash, Namecoin, Emercoin and Peercoin. The basic principal of the Crypto accounts is the same as that of the ECN accounts – trading is carried out directly by participants who with their orders form the trading network.
The main difference in trading cryptocurrencies is that the system operates in decentralized peer-to-peer (P2P) network, i.e. the network is controlled not by one of the central financial and public authorities but by the network members who possess equal rights.
FXOpen Company provides its client with the best offers available thanks to the unique mechanism of price aggregation that has long been successfully used for FXOpen ECN accounts. ECN aggregator processes all the requests available at the time and your orders are executed at the most favorable conditions.
Swap—a charge that is incurred by Customers who move their positions to the next trading session—is applied on Crypto accounts.
Swap size: 18% per annum of the value of an open position.
Swap calculation: The swap is given in percent per annum. Since swaps are calculated and charged every day at the end of the trading session, the calculated amount of the annual interest rate is divided by 360. When charging swaps, first the cost of one symbol lot is calculated (the symbol of the opened position), and then the specified percent is calculated, the obtained amount is multiplied by the position volume (in lots) and the result is divided by 360. If the base currency of the symbol is different from the deposit currency, the swap is converted into the deposit currency. The conversion is performed using the average price at the moment of swap charging: (Bid+Ask)/2.
Overnight from Wednesday to Thursday a triple SWAP is charged.
Crypto Trading platform MetaTrader 4 for ECN Account currency USD, EUR, GBP, RUB, JPY, Bitcoin1, Litecoin2, Ethereum and Dash Execution Market Minimum deposit USD 10 Maximum balance Not limited Spreads Floating depending on the buy and sell orders on Exchange Commissions 0.5% half-turn3 Pricing format 0,12345 Minimum transaction size 0.01 lot Maximum transaction size Depending on the available liquidity on Exchange Leverage 1:3 Financial instruments Crypto pairs Margin call 30% Stop out 15% Trading time 24/7 Swap 18% annualy Contracts specifications
1 All values for Bitcoin-based accounts in MetaTrader 4 (including account balance, profit, etc) are indicated in mBTC (milibitcoin) which equals 0.001 BTC.
2 All values for Litecoin-based accounts in MetaTrader 4 are indicated using 1 LTC (Litecoin).
3 The minimum commission per transaction is 0.01 units of the MT4 account currency.
[/vc_column_text][vc_column_text] Our spreads could be increased with news or other high/low volume conditions.
Swap – a charge that is incurred by Customers who move their positions to the next trading session – is applied on Crypto accounts.
Swap size: 18% per annum of the value of an open position.
Swap calculation: The swap is given in percent per annum. Since swaps are calculated and charged every day at the end of the trading session, the calculated amount of the annual interest rate is divided by 360. When charging swaps, first the cost of one symbol lot is calculated (the symbol of the opened position), and then the specified percent is calculated, the obtained amount is multiplied by the position volume (in lots) and the result is divided by 360. If the base currency of the symbol is different from the deposit currency, the swap is converted into the deposit currency.
The conversion is performed using the average price at the moment of swap charging: (Bid+Ask)/2.
Overnight from Wednesday to Thursday a triple SWAP is charged.[/vc_column_text][vc_column_text]
Symbol Description Spread* Size of 1 lot Min lot 1 pip for 1 lot Margin Stop Market Order Stop Order Max Slippage (in quote currency) call out Max Slippage LTCBTC LiteCoin vs BitCoin from 0 pips LTC 1 1 BTC 0.00001 30% 15% 200 200 LTCEUR LiteCoin vs Euro from 0 pips LTC 1 1 EUR 0.00001 30% 15% 1,140 1,140 LTCRUB LiteCoin vs Russian Ruble from 0 pips LTC 1 1 RUB 0.001 30% 15% 100,000 100,000 LTCUSD LiteCoin vs US Dollar from 0 pips LTC 1 1 USD 0.00001 30% 15% 135,000 135,000 LTCJPY LiteCoin vs Japanese Yen from 0 pips LTC 1 1 JPY 0.01 30% 15% 2,500 2,500 LTCCNH LiteCoin vs Chinese Offshore Yuan from 0 pips LTC 1 1 CNH 0.01 30% 15% 500 500 ETHLTC Ethereum vs LiteCoin from 0 pips ETH 1 1 LTC 0.00001 30% 15% 12,000 12,000
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FXOpen litecoin Broker Details
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Broker Details Info Regulated By FCA, FSA Headquarters United Kingdom Foundation Year 2005 Publicly Traded No Number Of Employees 100 Contact Information Tel:+44 (0) 203 519 1224 Web:https://fxopen.co.uk Email:[email protected] Account Type Info Min. Deposit $300 Max. Leverage 1:500 Mini Account No Demo Account Yes Premium Account Yes Islamic Account Yes Managed Account Yes Deposit Options Credit Card, Moneybookers, Neteller, Skrill, Webmoney, Wire Transfer withdrawal Options Credit Card, Moneybookers, Neteller, Skrill, Webmoney, Wire Transfer Trader Level Yes/No Beginners Yes Professionals Yes Scalping Yes Day Trading Yes Weekly Trading Yes Swing Trading Yes Social Trading No CUSTOMER SERVICE Time Yes/No 24 Hours Support Yes Support During Weekends No Customer Support Languages English, French, Russian Instrument Type Yes/No Forex Yes Commodities Yes CFDs Yes Indices Yes ETFs No Stocks No Cryptocurrencies Yes Bonds No Trading Service Info Supported Trading Platforms MT4, MT5 Commission On Trades Yes Fixed Spreads No Educational Service No Trading Signals Yes Email Alerts Yes Guaranteed Stop Loss No Guaranteed Limit Orders No Guaranteed Fills/Liquidity No OCO Orders No Trailing SP/TP Yes Automated Trading Yes API Trading Yes Has VPS Services Yes
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[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Your capital is at risk,[/vc_column_text][/vc_column][/vc_row]
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FXOpen Broker Review 2019-2020 – Must Read! Is FXOpen a Safe Forex Broker
Company Details
FXOpen is a retail Forex broker that allows small traders to access the market, despite their financial situation directly. It focuses on complete inclusion by providing trading accounts that traders can acquire for only a $1 deposit. It was founded originally as an educational center offering courses in technical analyses as well as financial markets. To go according to the flow of progress, FXOpen started to provide its brokerage services in the year 2005 and is continually growing into a successful Forex company within the retail trading market.
The Trading Platform of FXOpen
For traders who are looking for accessible trading, FXOpen is the best Forex broker they can use. It comes with three different trading platforms, including MetaTrader 4, MetaTrader5, and Web Trader. MT4 and MT5, on the other hand, comes with a corresponding mobile application that is available for both Android and iOS smartphone users. But if you want to migrate from a traditional desktop app into the web, the Web Trader is ideal for you.
MT4 is among the most popular trading platforms there is for Forex brokers. There are over 70% brokers that provide MT4 to their clients, and about 90% of trading transactions in the Forex market are done using MetaTrader 4. A newer version of this platform is the MT5, which comes with new functions that favor every Forex trader.
Markets and Assets
FXOpen primarily provides a spectrum of investment accounts, including CFDs, Crypto trading accounts, Micro contracts, STP, Demo accounts, and ECN accounts. STP requires £100 as a minimum deposit, while demo accounts allow beginners to learn how to trade before trading for real.
Aside from these, FXOpen provides more than 52 currency pairs, and it offers nearly a dozen CFD instruments. When it comes to cryptocurrency pairs, there are 43 pairs that traders can use. Traders can also access several trading instruments at FXOpen, such as stocks, indices, commodities, options, and equities.
FXOpen’s Leverage
Leverage is the ability to utilize something small to control a more significant value. In FXOpen, the leverage on ECN and STP is up to 1:500. For crypto, expect the leverage of 1:3 and 1:500 for Micro.
Spreads and Commission
FXOpen provides several pricing options when it comes to commission and fees. The price depends on the trader’s account type, such as STP, ECN, and Micro, but its pricing, in general, falls into the industry average.
The spreads are often tight, with a starting of 0 pips. With an ECN account, the fees collected range from 0.3 to 1.0 pips every 1 Million, but the prices also change according to the volume traded in the prior month.
On STP accounts, spreads most commonly depends on different factors, which includes market liquidity. In this case, the fees are fixed.
The Payment Method Of FXOpen
All the traders of FXOpen can choose from a wide selection of payment options. They can deposit or withdraw through Credit/Debit Cards, Bank Wire Transfer, Neteller, SkrillMoneyBookers, WebMoney, SEPA, and Payza.
Bonus & Promotions
To make trading better, FXOpen provides different bonuses and promotions that traders can easily acquire by registering an FXOpeneWallet and opening a real trading account. Traders can get the chance to get real money bonuses and the opportunity to payout profit, such as the following:
No deposit bonus for traders with STP accounts
Welcome Bonus for traders who meet the minimum deposit
ForexCup Trading Contest Bonus with the amount depending on the terms of the contest
The Forex broker also features a cashback program that allows traders to get an additional refund for any kind of like loss-making. The cashback will be included in your Commission account that automatically opens without even doing anything.
Pros And Cons Of FXOpen
The best advantage of this Forex broker is its excellent customer support that provides live chat 24 hours every weekday. It also comes with a demo account that allows beginners to learn the platform first before trading for real. FCA, as well as other regulatory bodies, secure your funds, and it requires a low minimum deposit to start an account.
In terms of cons, FXOpen has limited withdrawal and deposit options. For now, it is also limited to particular countries that exclude the US.
Safety & Security Of Using FXOpen
To ensure that your funds are in the safe hands, FXOpen is strictly regulated by the top-tiered FCA, which is covered by FRN:589202 UK. All the funds of its clients are also stored in separate accounts from operational funds. The funds of traders, despite their nationalities, are protected by the amount of £50,00 from FSCS at the same time. It is to allow its clients to access their finances when unexpected events happen.
Accepted Countries
FXOpen operates in countries like the United Kingdom, Australia, Nevis, Saint Kitts, and it has representatives in other countries.
Final Verdict
FXOpen stands among the most dependable brokers today. It provides several account types that suit different traders, and it is still one of the favorites because of its low minimum deposit and withdrawals.
La entrada FXOpen Broker Review 2019-2020 – Must Read! Is FXOpen a Safe Forex Broker se publicó primero en Forex MT4 Indicators.
FXOpen Broker Review 2019-2020 – Must Read! Is FXOpen a Safe Forex Broker published first on https://alphaex-capital.blogspot.com/
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The Advantages of Trading With ECN Forex Broker
What is the huge difference between Industry Makers and ECN (Electronic Currency Network) brokers? In a nutshell, a Industry Maker may offer a buy and a offer price to the trader. This is the price the broker is willing to offer you a currency and the cost they're willing to purchase it straight back from you. fxopen ecn review
This implies that they are getting from you and they're offering for your requirements, which entails that they may'correct'the buying price of the currency pair if they are crooks. But repairing of prices does not happen generally because the quotes are increasingly being streamed in from the MT4 hosts in London to any or all brokers. But engineering being what it's, we never may inform if they have discovered a crack.
Nevertheless, some brokers let their trader clients to industry with each other. That makes them a different type of industry maker. The industry isn't causing the brokers individual network. When among the broker's clients is offering yet another client's purchase is coordinated and the purchase executed. In this manner the broker does not need to hedge an purchase or industry from the trader. It is a fair exchange between two traders utilizing the same broker.
And also this means that, being a cost-effective way of corresponding orders, After all, maybe not having to pay an ECN a minimum per-transaction charge, the ECN broker may match little orders with traders within the brokerage and maybe not move the industry onto some other source. The broker preserves on purchase costs. And also this means that each ECN broker can be a Industry Maker at time or the other. Just the huge trades, where in actuality the commissions and develops cover the purchase purchase charge priced by the ECN, allow it to be to the ECN else they're match with'in-house'(to coin a name) orders and executed.
These are ECN brokers, they're the people that connect their traders to among the several popular ECNs including the Currenex ECN. This really is where the major kids, including the banks and multinational financial institutions, industry forex.
On the ECN, one can see the real price of the currencies and the broker has nothing to get or eliminate by repairing the values because the trader is trading with outside traders, maybe not traders with the same broker. Many ECN brokers first match the orders with in-house traders before giving the purchase to the ECN. Prices on the ECN move extremely fast, rendering it a heaven for scalpers and no risk for brokers. Most of the broker's gets are from the distribute and the commission.
How to share with if the broker is obviously supplying a true ECN consideration? A rule of thumb is to see if the pips are'repaired pips.' The ECN broker's PIPS should vary and the broker may charge a commission for every single industry too. The pips may also be displayed in the sixth decimal (though this is simply not a tough and quickly rule for ECN brokers).
I always choose to utilize a managed ECN broker since trades are fully guaranteed, there is a lot of openness and the fee per industry is a lot lower.
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Top Forex Brokers List UK
Discover the Top UK Forex Brokers List
HENYEP
HYCM offers clients excellent trading conditions, great liquidity and low spreads, delivering a super-efficient service. With its strong focus on fast execution and low cost trading. Always a leader in embracing cutting-edge technology.
FXOPEN
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.
AXITRADER
We provide access to the world’s most popular trading platform, MetaTrader 4, to trade a wide range of Forex, Commodities & Indices. Tight spreads and fast execution come as standard on all our accounts. We operate within a secure and highly regulated environment.
THINK MARKETS
We offer Great pricing Reduced spreads with zero commissions for all forex pairs, Maximum security and Disruptive technology Leaders in mobile trading with our proprietary Trade Interceptor platform. Our multi-lingual support team is here to assist you 24 hours a day.
LCG
Our clients trade with trust and confidence knowing their funds are securely held in Tier 1 banks. LCG is a regulated broker. With LCG you can trade thousands of global markets across 9 asset classes.View Details
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Forex trading account | FXOpen | Best Forex Broker
FXOpen is available with Forex trading account where you get the good profit with this account as well at very low commissions and we offer traders professional services in Forex, managing and investing in PAMM accounts, analytics, all backup.For your assistance and know more information click here: www.fxopen.com/en.
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FXOpen Review: A Must Read Before You Trade
FXOpen Review
FXOpen has been around for some time and is well known. The brokerage firm has been used by thousands of traders around the world and has a long history of fulfilling order flow.
FXOpen Regulation and Company Information
FXOpen is a global broker, regulated in the United Kingdom and Australia. It started as an educational center bank in 2003, and has since launched brokerage services, starting that end of the business in2005. They offer services and trading financial markets in both retail and institutional investors.
FXOpen is a registered business authorized by the FCA, the Financial Conduct Authority in the United Kingdom, but it also has a sister company in Australia, FXOpen AU Pty Ltd., Which is licensed by the ASIC. This ensures security of funds, as the clients of the UK broker will be automatically covered by the Financial Services Compensation Scheme, which pays compensation up to a maximum of £50,000 per regulated entity.
FXOpen ECN accounts and other trading accounts
FXOpen offers four basic account types, all of which also offer micro lots to trade. Clients are able to use either market or instant execution, as well as commission free trading or ECN execution with spreads plus commission. Beyond that, Islamic accounts are also possible, and micro accounts can also be had. Beyond that, they also offer a Crypto accounts.
FXOpen Offers and Trading conditions
Initial deposit
You can start trading at FXOpen with as little as one dollar, which of course is attractive because it gives you the ability to test out life conditions with no real danger. However, to take advantage of the ECN condition, you need to deposit at least $100.
Spreads and commissions
As they offer floating spreads, this can vary depending on liquidity. Typically on the commission free STP account, you will see spreads at roughly 1.6 pips on EUR/USD which is slightly above average. Spreads on the ECN account start from 0.2 pips on the EUR/USD, but are typically closer to 0.5 pips, and a commission of five dollars per lot, per side. Because of this, it makes the average cost of trading per lot on the EUR/USD pair approximately 1.5 pips, which is slightly higher than usual for these types of accounts. Commission discounts are available to high-volume traders and those with equity above $1000.
Leverage
FXOpen offers leverage up to 1:500, which is relatively high compared to many other FCA regulated brokers. This being the case, caution is advised when it comes to this type of leverage, as it can get you into trouble rather quickly.
Trading platforms
FXOpen offers both the MetaTrader 4 and MetaTrader 5 platforms, which many of you should be used to. It gives you the ability to use Expert Advisors, back testing, a host of advanced charting features, and of course indicators. It also comes with web and mobile versions of these platforms.
Methods of deposit
FXOpen will accept a huge range of payment methods, including credit/debit cards, bank wire, WebMoney, Skrill, Neteller, Payza, OKPAY, China Union, and both Bitcoin and Ethereum deposits. There are also some other methods as well. Because of this, money going back and forth will never be an issue.
Extras
This broker offers market analysis, trading tools, the ability to copy other traders, and a few others. As far as the educational aspect of this broker is concerned, it is a bit like to say the least. However, if you’re not looking for those types of extras it could very well work for you.
The post FXOpen Review: A Must Read Before You Trade appeared first on The Diary of a Trader.
FXOpen Review: A Must Read Before You Trade published first on http://thediaryofatrader.com/
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WHAT SPREADS DO Cmstrader OFFER ON Cmstrader MARKETS?
WHAT SPREADS DO Cmstrader OFFER ON Cmstrader MARKETS? Read More http://fxasker.com/question/b9254c267c7af98b/ FXAsker
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FXOpen Review: A Must Read Before You Trade
FXOpen Review
FXOpen has been around for some time and is well known. The brokerage firm has been used by thousands of traders around the world and has a long history of fulfilling order flow.
FXOpen Regulation and Company Information
FXOpen is a global broker, regulated in the United Kingdom and Australia. It started as an educational center bank in 2003, and has since launched brokerage services, starting that end of the business in2005. They offer services and trading financial markets in both retail and institutional investors.
FXOpen is a registered business authorized by the FCA, the Financial Conduct Authority in the United Kingdom, but it also has a sister company in Australia, FXOpen AU Pty Ltd., Which is licensed by the ASIC. This ensures security of funds, as the clients of the UK broker will be automatically covered by the Financial Services Compensation Scheme, which pays compensation up to a maximum of £50,000 per regulated entity.
FXOpen ECN accounts and other trading accounts
FXOpen offers four basic account types, all of which also offer micro lots to trade. Clients are able to use either market or instant execution, as well as commission free trading or ECN execution with spreads plus commission. Beyond that, Islamic accounts are also possible, and micro accounts can also be had. Beyond that, they also offer a Crypto accounts.
FXOpen Offers and Trading conditions
Initial deposit
You can start trading at FXOpen with as little as one dollar, which of course is attractive because it gives you the ability to test out life conditions with no real danger. However, to take advantage of the ECN condition, you need to deposit at least $100.
Spreads and commissions
As they offer floating spreads, this can vary depending on liquidity. Typically on the commission free STP account, you will see spreads at roughly 1.6 pips on EUR/USD which is slightly above average. Spreads on the ECN account start from 0.2 pips on the EUR/USD, but are typically closer to 0.5 pips, and a commission of five dollars per lot, per side. Because of this, it makes the average cost of trading per lot on the EUR/USD pair approximately 1.5 pips, which is slightly higher than usual for these types of accounts. Commission discounts are available to high-volume traders and those with equity above $1000.
Leverage
FXOpen offers leverage up to 1:500, which is relatively high compared to many other FCA regulated brokers. This being the case, caution is advised when it comes to this type of leverage, as it can get you into trouble rather quickly.
Trading platforms
FXOpen offers both the MetaTrader 4 and MetaTrader 5 platforms, which many of you should be used to. It gives you the ability to use Expert Advisors, back testing, a host of advanced charting features, and of course indicators. It also comes with web and mobile versions of these platforms.
Methods of deposit
FXOpen will accept a huge range of payment methods, including credit/debit cards, bank wire, WebMoney, Skrill, Neteller, Payza, OKPAY, China Union, and both Bitcoin and Ethereum deposits. There are also some other methods as well. Because of this, money going back and forth will never be an issue.
Extras
This broker offers market analysis, trading tools, the ability to copy other traders, and a few others. As far as the educational aspect of this broker is concerned, it is a bit like to say the least. However, if you’re not looking for those types of extras it could very well work for you.
The post FXOpen Review: A Must Read Before You Trade appeared first on The Diary of a Trader.
FXOpen Review: A Must Read Before You Trade posted first on http://thediaryofatrader.com/
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