FXOpen was initially founded as a training site in technical analysis. Since 2005, FXOpen has become a Forex broker in addition to its FX training services. This is a very good combination: on the one hand, this FX broker has been already for a long time active in the market, and thanks to the Forex academy, this broker also has a sound knowledge of online foreign exchange trading, on which it also provides useful information to its customers. These factors are great conditions for you to become a successful FX trader at FXOpen. Due to the minimum deposit of only $ 1, this Forex broker is also very suitable for beginners.
With about 300,000 real-money trading FX accounts, FXOpenis one of the larger brokers in the world – maybe even you will soon be joining them?
When trading with FXOpen, you use the proven MetaTrader (MT4) trading software. MetaTrader is the most popular FX trading platform because it is easy to use yet has many possibilities. For example, you can use MT4 to trade automatically based on your strategies. MT4 also enables mobile trading with a PDA or with a smartphone. FXOpen was also the first broker to give traders directly access to the interbank Forex market with MT4 ECN trading platform. For professional investors with large asset base, FXOpen offers the professional PAMM service. With the PAMM service, you can have a professional trader manage your money professionally, conveniently and transparently.
Scalping at FXOpen is possible with some limitations: most of the positions should remain open for at least one minute, and stop loss, take profit and pending orders must have 10 pips or more difference to the current price.
The trading software is identical for both account types “Standard” and “Micro account”. The minimum deposit is only 25$ and 1$, respectively. Already around 175,000 traders are trading with a standard account and 125,000 traders are trading with a micro account with FXOpen. This proves how popular this FX broker is. If you do not want to deposit real money, you can also trade without any risk by signing up for a free demo account.
FXOpen offers two incentive programs. New traders will receive a bonus for new customers:
- $ 25 bonus for opening a standard account with a minimum deposit of $ 100, representing a bonus of up to 25%. The bonus you can be withdrawn from the account after a minimum of 10 lots were traded. It is possible to open up to 10 to 10 bonus accounts in order to receive the 25 $ bonus multiple times
- $ 1 bonus for opening a micro account
There is also a bonus for active traders. With a standard account you get $ 100 Bonus for 10 lots traded. This bonus is awarded to everyone who had a trading volume in the previous month of 10 lots or more.
FXOpen Deposit Options
Moneybookers (including credit cards Master Card, Visa, American Express, JCB), Webmoney, Liberty Reserve, Bank Transfer, Perfect Money, c-gold, Union Pay. The minimum amount for a deposit or a withdrawal is just $ 1.
FXOpen Trading Figures
Maximum Leverage: 500:1
Minimum Margin: 0.2%
Spread: 2 pips on EUR/USD
Available Currency Pairs: 27
As a trader at FXOpen you will get access to the extensive FX forum. In the forum, there are regularly around 500 traders online.With around half a million forum posts, this forum is one of the most active FX trading communities in the world. Several times a day you can get the latest FX analysis of FXOpen experts on the website for free. In collaboration with FX Instructor FXOpen also offers educational lessons on FX trading. The membership at FX Instructor costs 25 $ / month and is optional.
FXOpen is a reputable Forex broker who has been active since 2005 and is targetted at people who only want to trade foreign currencies online. With a free demo account and a minimum deposit of only $ 1 (micro account) or 25 $ (standard account) you can start trading online without risiking large sums of money. With a spread of just 2 pips on EUR / USD, FXOpen offers a very competitive rate for the most traded currency pair.
|+ Monthly bonus of $ 100 for active traders, 500:1 leverage||– No trading directly in the browser, no CFD|
|+ Minimum deposit only $ 1, free demo account|
|+ Free trading software MetaTrader 4|