FX Open Review 2022 (Expert Review)

FX Open Review Summary

FXOpen offers a wide variety of trading options and has licenses in multiple countries and regions and follows strict regulations set by reputed agencies. In addition to traditional trading methods, it also offers an ECN environment that offers its clients the best possible trading conditions. Moreover, the ECN trading environment provided by FXOpen ensures the safety of your funds. These benefits include competitive commissions, high-speed trade execution, and low spreads. If you're looking for a low-cost and reliable online broker, you'll find it at FXOpen

FX Open review
FX Open Platform Features

FX Open main features and highlights
๐Ÿ—บ๏ธ Country of regulation Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
๐Ÿ’ฐ Trading fees No
๐Ÿ’ฐ Inactivity fee Yes
๐Ÿ’ฐ Withdrawal fee Yes
๐Ÿ’ฐ Minimum deposit 300
๐Ÿ•– Time to open a FX Open account 1-3 Days. *A FX Open demo account can be opened in a few minutes, but live FX Open trading account creation times will vary depending on how long it takes to process your FX Open KYC documents.
๐Ÿ’ณ Wire Transfer No
๐Ÿ‘› Depositing with electronic wallet No
๐Ÿ’ฑ Number of base currencies supported 5
๐ŸŽฎ Demo account provided Yes
๐Ÿ›๏ธ Financial Instruments offered Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,

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FX Open Financial Regulation

FX Open is regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC).

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FX Open Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using FX Open include a large choice of assets that are available to be traded 24/7; and easy-to-use website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using FX Open can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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FX Open Advantages

One of the main advantages of using FX Open is around the clock service and support as well as research offerings. Not only this, but FX Open has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of FX Open with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with FX Open makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. FX Open offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • FX Open has been in business over 10 years.
  • FX Open offers Cryptocurrency Trading (Availability subject to regulation)
  • FX Open offers Neteller as a payment method
  • FX Openoffers Islamic Accounts
  • FX Open offers ECN trading
  • FX Open offers Bitcoin Trading
  • FX Open offers a Apple Mac desktop trading platform
  • FX Open offers Hedging
  • FX Open offers Scalping

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FX Open Disadvantages

Although FX Open has a lot of good points FX Open does not offer the below.

FX Open Review Risk Warning: Your capital is at risk.

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Things to understand when trading with FX Open

Online trading on trading platforms like FX Open have seen huge growth in the last 3 years. Trading with FX Open requires that you take the time to learn how financial markets work and are able to trade with FX Open using in depth technical analysis and FX Open risk management trading tools. Trading with FX Open involves risk. You should only risk capital with FX Open that you can afford to lose. Understand your risk tolerance with FX Open, and have a trading strategy that FX Open is able to help you execute. FX Open is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments FX Open give you access too.

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FX Open Trading Fees

Trading fees on FX Open are taken in the form of the spreads FX Open offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on FX Open. FX Open fees vary depending on the financial instruments traded and can include, FX Open overnight funding fees, spreads, margins and FX Open inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your FX Open account charged by your 3rd party payment provider if your FX Open base currency is different from your FX Open withdrawal method.

NameFX OpenIC MarketsRoboforex
Account FeesNoNo
Withdrawal FeesYesNoYes
Deposit FeesNo
Inactivity FeeYesNoNo
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Losses can exceed deposits
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Losses can exceed deposits

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FX Open Financial Instrument Fees

FX Open fees for Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, are listed below.

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FX Open Stock Trading Fees

The majority of FX Open trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A FX Open stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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FX Open Forex Fees

Commission on FX Open Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for FX Open Forex fees is based on their trade size. To calculate FX Open Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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FX Open Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. FX Open cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. FX Open cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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FX Open Non Trading Fees

FX Open non-trading fees include a variety of FX Open brokerage fees and charges that a trader will pay which are not related to buying and selling assets using the FX Open trading platform. The most common non-trading fees include FX Open withdrawal fees, FX Open deposit fees and FX Open inactivity fees.

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FX Open Deposit Fees

FX Open does charge deposit fees in some cases. When funding your FX Open account there may be some FX Open deposit fees which will vary depending on the payment method you use to deposit to your live FX Open trading account.

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FX Open Inactivity Fees

FX Open does charge clients an inactivity fees for dormant FX Open trading accounts. A FX Open inactivity fee is a sum charged on FX Open brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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FX Open Withdrawal Fees

FX Open does charge FX Open clients small withdrawal fees. Withdrawals fees vary between FX Open and FX Open alternatives depending on where you are located and how much money you are withdrawing.

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FX Open Account Fees

FX Open does not charge account fees. Account fees charged differ between FX Open and other brokers. An account is a fee that FX Open and other brokers assesses on all accounts for the ability to keep an account on their platform.

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FX Open Account Opening

The FX Open account registration process is simple, user-friendly, and quick. Within 1-3 Days most FX Open trading accounts are ready for live trades. Our FX Open account was validated in 1 day, but live FX Open trading account verification times will vary depending on the time it takes to process your KYC documents and FX Open trading account application. A FX Open demo account can be opened in a few minutes.

FX Open trading accounts are available in over 194 countries. FX Open is restricted in the following countries.

Apart from the restricted countries a FX Open trading account can be opened globally.

The FX Open trading platform is available for residents in US. Some financial instruments FX Open offer may be restricted in your country.

  • Fast FX Open account opening.
  • FX Open accounts can be opened and KYC can be verified digitally.
  • FX Open minimum deposit is 300 USD / GBP / EURO.
  • FX Open trading account verification may be held up for longer than a day if there is an issue with verifying your account.

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FX Open Deposit And Withdrawal

FX Open Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

USD, GBP, EUR, CHF, JPY, SGD, AUD, BTC, ETH, LTH, RUB, XAU are supported by FX Open as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

FX Open offers the following account USD, GBP, EUR, CHF, JPY, SGD, AUD, BTC, ETH, LTH, RUB, XAU.

When trading make sure your FX Open trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. FX Open has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameFX OpenIC MarketsRoboforex
Number Of Currencies5104
Base CurrenciesUSD, GBP, EUR, CHF, JPY, SGD, AUD, BTC, ETH, LTH, RUB, XAUUSD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZDUSD, EUR, CNY, XAU
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Losses can exceed deposits
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Losses can exceed deposits

FX Open review
FX Open Deposit Fees and Deposit Methods

Investors can log in to their FX Open trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their FX Open trading accounts from an existing bank account or send the funds through a wire transfer or online check.

FX Open Deposit Fees

Making a deposit on your FX Open account is free.

FX Open Deposit Methods

There are several methods through which you can deposit money into your FX Open account. One can use a credit or debit card and FX Open accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your FX Open account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your FX Open account.

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FX Open Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your FX Open brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open FX Open positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your FX Open account.

FX Open Fees When Withdrawing Your Account Balance

FX Open may charge a withdrawal fee. Some withdrawal fees are out of the control of FX Open and may be due to 3rd party payment providers and your account base currency.

FX Open Withdrawal Methods

Log into your FX Open trading account, which is connected to your bank account. Go to the section that says โ€œfundsโ€ or โ€œaccountsโ€ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your FX Open account to your bank account. To withdraw money from your FX Open account you can use credit or debit cards. FX Open processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as FX Open processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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FX Open Trading Platforms

As there are a number of tradable financial instruments available on the FX Open trading platform. Before investing in the FX Open platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The FX Open platform has a demo account and educational tool, but it may not be designed for new traders so focuses less on those educational features. FX Open offer livechat, and email support.

If you struggle with technology, you need to consider the level of support on FX Open is available. Another thing to consider is your financial goals. Make sure that a FX Open account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a FX Open account. Ensure that FX Open allows you to focus on the type of trading that you want to focus on.

Make sure FX Open is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using FX Open, think about how easy it is to use for your personal needs. Does the FX Open platform offer real-time updates or delayed updates that are more informed? Remember to check if FX Open is well regulated, and what tradeable financial instruments FX Open has. Security is very important when it comes to trading with FX Open.

FX Open Web Trading Platform

A FX Open web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through FX Open which acts as a financial intermediary. FX Open is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the FX Open mobile trading platform.

FX Open Apple IOS Trading Platform

A FX Open iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

FX Open Google Play Android Trading Platform

A FX Open Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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FX Open Mobile Trading User Experience

FX Open mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. FX Open mobile trading refers to trading using a mobile phone.

Leading brokerages like FX Open offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire FX Open portfolio. All an investor needs is a Web-enabled smartphone and a trading account with FX Open. Once you have download the FX Open trading app, you are ready to begin.

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FX Open Desktop Computer Trading Platform

A FX Open computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The FX Open desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The FX Open desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

FX Open MetaTrader 4

MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.

FX Open MetaTrader 5

MetaTrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets. MetaTrader 5 is a multi-asset platform suitable for trading in the Stocks and Futures markets too. It is a multi-asset platform that allows trading Forex, stocks and futures, and it also offers superior tools for comprehensive price analysis. There are many benefits at MT5, as the platform represents an all-in-one concept, offers impressive analytical tools and a modern look with the allowance to open hundreds of charts and perform analysis through truly advanced institutional grade features.

FX Open PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using FX Open. A trading computer with access to a FX Open PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

FX Open Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the FX Open trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the FX Open trading platform is very user friendly and easy to use on a Mac device.

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FX Open Trading Look And Feel

The FX Open user interface (UI) is what FX Open traders will see and interact with first when trading with the FX Open trading platform. The FX Open is well designed. The goal of the FX Open trading UI is to make the FX Open user's experience easy and intuitive. The FX Open application has good user experience and a good level of customer satisfaction.

FX Open Security

FX Open is a secure trading platform. FX Open offers traders security via 2 factor authentication, SSL encription when trading with FX Open. FX Open trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with FX Open. Rate limitation on FX Open suspicious account activities is another layer of protection that is provided for FX Open trading accounts, for example multiple failed login attempts with FX Open. You have the option to further safeguard your account by using FX Open Two-Factor Authentication (2FA), which provides an extra layer of security.

The FX Open trading infrastructure is constantly watched and guarded by a trained team at FX Open In addition, FX Open never send sensitive information without first encrypting on the FX Open trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On FX Open

Available FX Open order types. # market, limit, stop, stop limit, Good until end of day / canceled.

FX Open Market Order

A FX Open market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. FX Open market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. FX Open market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

FX Open Limit Order

A FX Open limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

FX Open Stop Order

A FX Open stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

FX Open Stop Limit Order

A FX Open stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The FX Open stop-limit order triggers a limit order when a stock price hits the stop level. A FX Open stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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FX Open Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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FX Open Trading Platform Features

Online trading platforms like FX Open are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with FX Open. The FX Open trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using FX Open.

FX Open Margin Trading

FX Open margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, FX Open margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

FX Open Auto Trading

FX Open auto trading is a trading strategy where buy and sell orders are automatically placed based on an underlying FX Open system or programme and actioned by set criteria set by the FX Open trader. These FX Open orders are placed when the trade conditions in the underlying FX Open system or program are met. It is a method of participating in financial markets by using FX Open, which executes a pre-defined set of rules for both entering and exiting trades on FX Open. If you are a FX Open trader, you are able to use detailed FX Open technical analysis with the setting of parameters for FX Open one's positions. This includes orders to open FX Open, trailing stops, and guaranteed stops.

FX Open Social Trading

FX Open social trading is a form of social trading that enables FX Open traders or investors to copy and execute the strategies of their peers or more experienced traders on the FX Open platform. Social trading on FX Open allows you to communicate with other FX Open investors in a Facebook-style social network manner. The main premise is that you are able to share and discuss potential FX Open investment opportunities with traders on the FX Open platform.

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FX Open Account Types

FX Open Demo Account

FX Open offers demo accounts that gives traders the ability to purchase and sell FX Open financial instruments in a practice environment, using fake FX Open digital money and live market conditions and data. When you practise on a FX Open demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the FX Open platform. FX Open demo accounts allow you to experience and practice a variety of market charts, FX Open trading indicators, and trading strategies using FX Open.

FX Open Standard Account

FX Open offers a standard trading account, allowing FX Open traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich FX Open trading platform.

FX Open STP Account

FX Open STP (Straight Through Processing) account is a FX Open trading feature that involves sending FX Open client orders directly to the market without passing them through a dealing desk. A FX Open STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.

FX Open ECN Account

A FX Open ECN (Electronic Communications Network) account is a pure order-matching execution system, where FX Open, as a provider, charges a commission per FX Open trade instead of inflating the spread, occurring more naturally within the FX Open order-matching process. A FX Open ECN is a financial intermediary that uses electronic communications networks to give FX Open clients direct access to other participants in equity and currency markets. As an ECN broker, FX Open only matches FX Open trades between other market participants; it cannot trade against the FX Open client.

FX Open DMA Accounts

FX Open Direct market access (DMA) refers to the access one is afford to the electronic facilities and order books of the FX Open financial market exchange that facilitate daily securities transactions. Rather than relying on market-making firms and broker-dealers to execute trades, FX Open might use direct market access to place trades themselves. FX Open DMA accounts make individual contracts with each liquidity provider.

FX Open Islamic Accounts

FX Open islamic accounts respect Islamic finance law. FX Open swap free accounts do not accumilate interest and FX Open transactions are actioned immediately. A FX Open Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using FX Open following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with FX Open Islamic accounts do not pay or receive interest rates.

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FX Open Tradable Financial Instruments

FX Open tradable financial instruments are the financial instruments that are specifically available to trade on the FX Open trading platform. This refers to the different types of financial markets you can trade with through FX Open. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on FX Open.

NameFX OpenIC MarketsRoboforex
CFD TradingYesYesYes
Stock MarketsNo210053
ETFsNoNo
Fractional SharesNoYes
CryptocurrenciesYesYesNo
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Losses can exceed deposits
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Losses can exceed deposits

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FX Open Trading Stocks

Stock trading with FX Open is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with FX Open; if you possess the stock on FX Open, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on FX Open involves purchasing and selling stocks and share using FX Open periodically in order to time trades against the stock markets, with the aim of using FX Open to profit from your stock trading. FX Open stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on FX Open. Stock traders on FX Open conduct significant study, frequently dedicating several hours every day to market monitoring using FX Open trading tools.

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FX Open Trading ETFs

What Are ETFs

FX Open does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

FX Open does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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FX Open Trading Cryptocurrencies

FX Open offers cryptocurrency trading.

Cryptocurrency trading can be conducted using FX Open to buy and sell the cryptocurrency financial instruments on FX Open. Cryptocurrency trading can also be done using a cryptocurency CFD FX Open trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using FX Open. A CFD is a high risk leveraged trade between the trader and the FX Open brokerage. No underlying assets are exchanged with a FX Open CFD contract, it is purely speculation on the crypto financial instruments price movements with FX Open. FX Open CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if FX Open CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.

The volatility of cryptocurrencies is the biggest source of risk when trading them with FX Open. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with FX Open.

Cryptocurrency trading is not offered by FX Open, so you will need to find a FX Open alternative that allows you to buy and sell the underlying cryptocurrency assets. FX Open CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a FX Open alternative and make sure you undertand the risks fully before trading.

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FX Open Forex Trading

Forex trading with FX Open is a method through which to invest money which involves trading one currency for another in a Forex currency pair with FX Open. The main aim of FX Open Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with FX Open. As a FX Open Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like FX Open. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like FX Open. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on FX Open.

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FX Open Commodities Trading

Commodity trading is a type of trading available on FX Open where individuals or businesses buy and sell financial instruments using FX Open related to commodities, such as metals or oil.

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FX Open Options Trading

FX Open options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. FX Open option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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FX Open Futures Trading

Futures trading with FX Open is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using FX Open to facilitate the trade. A FX Open futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on FX Open. Typically, futures contracts are traded on an exchange such as FX Open; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling FX Open trader to the contract agrees to provide it.

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FX Open Bonds Trading

Bonds trading on FX Open is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the FX Open trader. Bonds can be bought and sold on FX Open after they are issued. While some bonds are traded publicly through FX Open, most trade over-the-counter between large broker-dealers like FX Open acting on their clients' or their own behalf. Yield is therefore based on the FX Open purchase price of the bond as well as the coupon.

FX Open CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameFX OpenIC MarketsRoboforex
Forex CFDYesYesYes
Index CFD2530
Stock CFD1108400
ETF CFD3050
Commodity CFD2020
Crypto CFDYesYesNo
riskwarningTry Now

Your capital is at risk
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Losses can exceed deposits
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Losses can exceed deposits

FX Open review
FX Open Trading Research Tools

Taking advantage of FX Open trading research tools which are designed to help traders analyse potential investments using the FX Open trading platform. Some FX Open research tools include charts, technical analysis, and FX Open trading indicators.

FX Open Trading News

Traders can follow the markets and make wise investment decisions on FX Open by using the news to help form a strategy when it comes to choosing investments. A FX Open news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

FX Open Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A FX Open economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

FX Open Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. FX Open fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

FX Open Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on FX Open are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

FX Open portfolios

Trading portfolios are useful when trading with FX Open.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A FX Open trading portfolio is a traders collection of investments, which may include a variety of FX Open financial instruments.

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FX Open Payment Methods

A FX Open payment method is required to fund your FX Open trading account before placing a buy or sell order on a financial instrument.

When trading with FX Open, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that FX Open do not have any control over.

NameFX OpenIC MarketsRoboforex
Payment MethodsAlipay, FasaPay, Neteller, Paysafecard, Perfect Money, QIWI, Rapid Transfer, RBK Money, Skrill, Trustly, UnionPay, Visa, WeChat Pay, Wire Transfer, Yandex MoneyBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money
riskwarningTry Now

Your capital is at risk
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

FX Open review
FX Open Withdrawl Methods

When trading with FX Open at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your FX Open account balance. FX Open may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your FX Open account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

FX Open Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your FX Open account.

Withdrawal requests can take up to three business days to be processed by FX Open.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your FX Open should arrive in less than 24 hours.

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FX Open Customer Support

Customer support represents the resources within the FX Open company that provides technical assistance to its customers after they use the FX Open service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

FX Open offer email, livechat, customer support.

FX Open Email Support

FX Open offers email support.

Email support is a a convenient method of FX Open customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from FX Open regarding your support request.

FX Open Livechat Support

FX Open offers livechat support.

FX Open live chat support is a way for customers to obtain help from FX Open through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

FX Open Telephone Support

FX Open does not offer telephone support.

FX Open does not provide FX Open clients phone Support. If you need to contact FX Open use one of the alternative available FX Open contact methods.

FX Open review
FX Open Educational Resources

FX Open educational resources are used throughout the FX Open learning environment to help and assist with customer's development and learning of trading on FX Open. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using FX Open trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

FX Open Trading Platform Tutorials

FX Open offer a range of learning resources and tutorials and guides made available to registered FX Open users. The FX Open guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate FX Open users on basic trading principles.

FX Open Trading Videos

FX Open offer a selection of online trading videos.

Trading videos on FX Open help new and even more experienced investors gain insights into FX Open technical analysis tools and how the different financial markets work when trading on FX Open.

FX Open trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some FX Open training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using FX Open to trade live financial markets.

FX Open Webinars

FX Open offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of FX Open clients who participate by asking questions, replying to polls, and using other interactive technologies available on the FX Open trading platform.

FX Open review
FX Open Financial Regulation When Trading

Financial regulations on FX Open protect consumers' investments. Regulations prevent financial fraud and limit the risks that FX Open as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. FX Open financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is FX Open Regulated?

FX Open is regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC).

FX Open is licensed by financial regulators in certain jurisdictions. You can find out if brokers like FX Open are licensed in your country, if they have had run-ins with regulators, or received serious complaints from FX Open investors, directly with financial regulators in your country.

FX Open Regulatory Protection Limits

When registering with FX Open you must check with regulatory body your FX Open trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your FX Open account is over seen by. FX Open client funds are stored in segregated 3rd party bank account in accordance with FX Open financial regulators.

Client country Investor protection amount Regulator
United Kingdom ยฃ85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max โ‚ฌ50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max โ‚ฌ20,000 Bulgarian Financial Supervision Commission (FSC)

FX Open Trading Signals

FX Open does not offer trading signals in any form.

Make sure you understand the risks of trading signals.

How does FX Open make money?

Because FX Open acts as an intermediary, FX Open gets compensated on buy and sell transactions of financial instruments. As a result, FX Open profit is determined by the volume and number of transactions. FX Open earns revenue to fund their FX Open platforms and wide range of trading services through market spreads.

Can you buy shares on FX Open?

FX Open does not provide customers with real company shares trading. FX Open offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and FX Open on the speculative up or down price movement on an agreed stocks price movement.

Does FX Open offer Cryptocurrency?

FX Open does offer cryptocurrency trading. Although the Financial Conduct Authority in the UK has banned Crypto CFD trading for UK residents. Its still perfectly legal to buy non leveraged crytocurrencies where you own the underlying crypto assets.

FX Open Lower fees, lower costs?

FX Open have reasonable trading fees and costs. FX Open may charge a deposit fee. FX Open may charge a withdrawal fee. Some withdrawal fees are out of the control of FX Open and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

FX Open minimum deposit is 300 USD / GBP / EUR.

How to start your FX Open account?

You can sign up for a live or demo FX Open trading account by visiting FX Open and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an FX Open account here.

How's the FX Open trading app?

FX Open allow traders to trade financial markets on iOS, Android supported mobile devices.

You can tryout the FX Open trading app here.

Is the quality of FX Open customer service satisfactory?

FX Open have average customer support offering support through email, livechat, support options.

Is this broker good for new traders?

FX Open is a good trading platform for new traders as FX Open offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from FX Open?

FX Open offer a good selection of withdrawal options. Once FX Open have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

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Ashly Chole - Senior Finance & Technology Editor

FX Open Review 2022 (Expert Review) guide updated 23/11/22