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Overview of Trade Forex’s FXOpen Brokerage Services
FXOpen, established in 2003 by a savvy group of traders, initially served as a training ground before expanding into brokerage services. Trade Forex recognizes FXOpen’s progressive journey from a learning center to a top-tier broker, offering diverse account models to cater to various trading needs. The options include a market maker model with Micro accounts, STP, and ECN accounts.
Liquidity and Technology: The Backbone of FXOpen
The firm boasts an impressive roster of liquidity providers, including major banks like SG Paris, Barclays Capital, and JPMorgan. The access to deep liquidity is enhanced by modern ECN systems such as LMAX, Currenex, and Integral, ensuring efficient and rapid trade execution.
FXOpen’s Competitive Edge: Features Galore
- Forex and CFD trading
- Pioneers in cryptocurrency trading with Bitcoin, Litecoin, and Namecoin
- Accessible minimum deposit of just $1
- Competitive low spreads
- High leverage options up to 1:500
- Innovative PAMM-account system
- Copy trading services via AutoTrade Myfxbook and ZuluTrade
- Special VPS server offerings
- Comprehensive trading education
- Lucrative affiliate program
- 24/7 technical support
Regulatory Compliance: A Trustworthy Framework
FXOpen’s regulatory framework spans multiple jurisdictions:
- FXOpen Markets Limited in Nevis
- FXOpen AU Pty Ltd in Australia, under ASIC
- FXOpen Ltd in England and Wales, regulated by the FCA
Diverse Account Options Tailored for Every Trader
Micro Account: The Starter Pack
- Ideal for beginners or testing strategies
- $1 starting deposit, with immediate execution and potential re-quotes
STP Account: Bridging the Gap to ECN
- Provides a taste of ECN conditions
- $10 initial capital with spread-included commission
ECN Account: The Pro Trader’s Arena
- Real-time rates from liquidity providers
- $100 deposit requirement, near-zero spread, with a $15 commission per million
Crypto Account: Digital Currency Trading
- Trade major cryptocurrencies on ECN terms
- $10 starting deposit, 1:3 leverage, and deep market liquidity
PAMM-Accounts: Investment and Management Simplified
- PAMM STP: $200 minimum, flexible spread, 1:100 leverage
- PAMM ECN: $1,000 minimum, from 0 pips spread, 1.5$ commission, 1:100 leverage
- Leverage adjustments available upon request
Copy Trading Services: Expertise at Your Fingertips
Myfxbook AutoTrade: For the Aspiring Trader
- Pay only for profitable trades
- Stringent strategy selection criteria
- Real-time performance graphs
- Demo account for risk-free evaluation
- Customizable strategy controls
ZuluTrade: Diversify Your Trading
- Simultaneous multi-account management
- Portfolio creation options
- Real-time position monitoring
- Quick order processing
- 30-day full-feature demo account
Conclusion: FXOpen – A Blend of Tradition and Innovation
Trade Forex acknowledges FXOpen as a robust and forward-looking brokerage firm. It continuously embraces new technologies for swift transaction execution and prioritizes customer data security. New clients can benefit from a no-deposit bonus, either $1 on a Micro account or $10 on an STP account, to kickstart their trading journey. While the bonus itself is not withdrawable, the profits made from it are, provided all conditions are met. This makes FXOpen not just a platform for trading, but a partner in your financial growth journey.
