Trading Accounts Open Forex Trading Account with FXOpen

Other fees to be aware of include swap charges on positions held overnight. FXOpen also charges a $10 monthly inactivity fee after a profile has been dormant for six xcritical cheating months. To get started, sign in to the FXOpen client portal and add a TradingView account. Next, fund your TradingView account through an internal transfer. Finally, sign up with TradingView and connect your profile with your FXOpen account. Let FXOpen provide insightful analysis and useful information to help inform your trading decisions.

1. The Financial Commission is gaining traction within the brokerage industry as a genuine solution to uncompetitive regulatory requirements.
2. The regulated service provides a competitive trading environment with multiple platforms for active traders.
3. When we registered for the profile, it took less than two minutes.
4. Minimum and maximum deposit and withdrawal amounts depend on the preferred payment processor, as do processing times and fees.

Choose the most suitable trading account for you!

You can open an account with a broker and connect it to the Tradingview platform. This is a good offer because the platform has many trading tools for professional traders. FXOpen offers a $10 no deposit bonus for the STP account, and a $1 welcome bonus for the Micro account.

Our Trading Platforms

Raw spreads for a commission of just $1.0 per lot generates a highly competitive trading environment. New traders will benefit from the Micro account; a unique cryptocurrency account is also available. Account management is supported via PAMM, Islamic accounts are available on request, and social trading is possible via Myfxbook and ZuluTrade.

A unique program for new traders to learn about trading is notably and regrettably missing. FXOpen’s main website also streams live news, which offers little value. FXOpen’s overall approach to research and education is acceptable, but ranks far behind its competitors and begs xcritical cheating for a major overhaul. EWallet services are provided by a New Zealand registered entity, XP Solutions Limited. Additionally, the Australian and UK subsidiaries operate under the oversight of their respective regulators.

FXOpen

FXOpen supports bank wires, credit/debit cards, a range of local bank transfers, AstroPay, Redeem Codes, WebMoney, Perfect Money, QIWI Wallet, Yandex Money, FasaPay, and AirTM. Minimum and maximum deposit and withdrawal amounts depend on the preferred payment processor, as do processing times and fees. FXOpen provides traders with an excellent selection of established payment methods and new solutions. Forex traders have access to 50 currency pairs, providing acceptable coverage of the sector. While five commodities are inadequate for proper diversification, the fact that this non-crypto brokerage offers 39 cryptocurrencies is outstanding.

Submit Your Own Review of FXOpen

Research and education are offered but are sub-par to other brokerages. Given the excellent trading conditions, FXOpen ranks in the top quartile of brokers and deserves genuine consideration for a deposit. FXOpen is a suitable ECN and STP broker for both beginners and experienced investors.

The ECN alternative features a spread as low as 0.1 pips with a commission of merely $1.50 per lot. Swap rates on overnight leveraged positions apply, and third-party withdrawal fees exist. Corporate actions such as dividends and mergers impact equity and index CFDs; how they are processed remains unclear. With ECN accounts, forex commissions are charged based on the account balance. Nonetheless, traders with an account balance less than $1000 will pay a $3.50 commission charge per lot traded. This reduces to $1.50 per lot for those with an account balance of $250,000 or more.