Introduction
FXOpen Markets Limited is a global forex broker that has been in operation since 2005. The company is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). FXOpen offers a variety of trading accounts, platforms, and tools to meet the needs of traders of all levels of experience.
Trading Accounts
FXOpen offers four main trading accounts:
Micro Account: This account is designed for beginners with a minimum deposit of $1.
STP Account: This account offers straight-through processing (STP) execution, which means that orders are sent directly to the market without being repriced by the broker. The minimum deposit for this account is $100.
ECN Account: This account offers electronic communication network (ECN) execution, which means that traders can see the live spreads and prices from multiple liquidity providers. The minimum deposit for this account is $100.
Crypto Account: This account is designed for trading cryptocurrencies. The minimum deposit for this account is $1.
Trading Platforms
FXOpen offers a variety of trading platforms, including:
MetaTrader 4: This is the most popular forex trading platform in the world. It is a powerful and versatile platform that offers a wide range of features, including charting tools, technical indicators, and automated trading capabilities.
MetaTrader 5: This is the latest version of the MetaTrader platform. It offers all of the features of MetaTrader 4, plus some additional features, such as advanced charting tools and the ability to trade multiple asset classes on a single platform.
TickTrader: This is FXOpen's proprietary trading platform. It is a fast and reliable platform that offers a number of unique features, such as the ability to trade directly from charts and the ability to use multiple order types.
TradingView: This is a web-based charting platform that offers a wide range of features, including real-time charts, technical indicators, and drawing tools.
Trading Tools
FXOpen offers a variety of trading tools to help traders make informed decisions, including:
Economic Calendar: This calendar shows upcoming economic events that could affect the forex market.
Autochartist: This tool automatically scans the market for chart patterns and technical indicators.
VPS: This service allows traders to run their trading platforms on a virtual private server, which ensures that their platforms are always running, even when their computers are turned off.
Education and Research
FXOpen offers a variety of educational resources to help traders learn about forex trading, including:
Forex Basics: This course covers the basics of forex trading, including how to open a trading account, how to place orders, and how to manage risk.
Technical Analysis: This course covers the basics of technical analysis, including how to identify chart patterns and technical indicators.
Fundamental Analysis: This course covers the basics of fundamental analysis, including how to analyze economic data and news events.
FXOpen also offers a variety of research reports on the forex market.
Customer Support
FXOpen offers 24/7 customer support in multiple languages. Traders can contact customer support via phone, email, or live chat.
Awards and Recognition
FXOpen has won a number of awards for its services, including:
Best ECN Broker: FXOpen won this award from the International Association of Forex Traders (IAFT) in 2021.
Best Forex Broker for Beginners: FXOpen won this award from Forex Magnates in 2020.
Most Trusted Forex Broker: FXOpen won this award from World Finance in 2019.
Conclusion
FXOpen is a reputable forex broker that offers a wide range of trading accounts, platforms, tools, and resources to meet the needs of traders of all levels of experience. The company is regulated by three top-tier regulators and has won a number of awards for its services.
