FXOpen is among the world’s leading Forex brokers with a vast and satisfied clientele. Since its inception, it has been a company with vast global potential and reach, dynamism and experienced employees, these factors ensuring the financial success of its customer and the company’s continued growth.
Started in 2003, FXOpen was an educational center in Cairo providing training to individuals in the areas of technical analysis of stocks and Forex. In 2005, FXOpen started their own dealing agency and raced fast to the forefront of the world’s Retail Forex industry on account of their excellent service. it has been the premier trading service for Islamic traders with Sharia compliant swap-free accounts.
http://www.youtube.com/watch?v=CJQggRMi134
FXOpen takes pride in featuring the first ever MT4 ECN trading platform coupled with PAMM accounts, which combination makes for esoteric trading conditions, safe order execution, speed of operations, and consistent support. PAMM accounts are a new feature that came about when FXOpen saw the need for a new investing tool. The PAMM service, Percentage Allocation Management Module is good for professional money managers who like to manage their funds. There are PAMM accounts through FXOpen for either managers or investors and you can accss the full list of PAMM accounts on the website.
The website is very impressive, from the colors used, to the streaming news, to the comprehensive information available, it is very eye-catching, the company logo of the bull and bear adding charm to everything! There is a provision for live chat as well as for gleaning knowledge in different areas like Forex, Forex education and analytics, and the trading platforms, including information about Electronic Communications Network (ECN) training. The visuals facilitate an understanding of everything.
FXOpen offers a variety of promotions when trading with them. You can receive 100 dollars after opening a Real Money account and trading 10 standard lots. There are also bonuses when opening Standard and Micro accounts as well. They also provide the option of transferring money from your old account with a different broker to their account while receiving a welcome bonus!
http://www.youtube.com/watch?v=q1a1t4tb4sk
Across the screen there is a running currency pairs update letting you know the current information and exchanges for what interests you and your trading. There is also a live news section discussing Forex news, and other financial world news as well.
http://www.youtube.com/watch?v=bvoTf3qUGdQ
There is a very organized contact section, giving you different areas of expertise you may need help in, with email addresses. A very cool addition is the contact information of customer support for both Skype and ICQ for when you have difficulty while speaking to someone from FXOpen. As of recently, FXOpen is now offering a Call-Back request option where you can fill out a form on their website with your information including your country you are in, and the language you prefer and someone will call you back from the company.
FXOpen is a true story of success, given its strong service motive, fine work ethic and dynamic nature, its website comprises all these features and evokes trust.
http://www.youtube.com/watch?v=cbnrL7c0zKc
FXOpen is established as broker in Mauritius and is regulated by Financial Services Commission of the Republic of Mauritius. The company was founded in Cairo, Egypt as an educational center in 2003 and as a broker in 2005.
The offer three types of accounts:
Micro account – $1 min. deposit, $3,000 max. balance, leverage from 1:1 to 1:500, spread from 2 pips
Standard Account – $25 min. deposit, no max. balance, leverage from 1:1 to 1:500, spread from 2 pips
ECN Account – $1,000 min. deposit, no max. balance, leverage from 1:1 to 1:500, spread from 0.5 pips
The fees include the spread and additional commission for ECN account (depending on the trading volume). Note that this information is only up to date at the time of writing this article, to confirm this information as well as see any additional conditions visit the official website.
Opening an account is easy – it takes just one simple form (excluding two simple steps prior to that in which you select the account type and check the agreement confirmation box). After opening the account you can make a deposit, download MetaTrader 4, login and start trading.
Before you can withdraw money from your balance, however, you have to confirm your identity to verify the account by sending your scanned id (or other document of personal identification) and any utility bill to confirm your physical address. This procedure is pretty standard with all brokers and is a necessary evil, so no surprise it is here too.
http://www.youtube.com/watch?v=J8jQ5cFpBsY
The deposit and withdrawal forms include credit card (after verification), wire transfer and several online payment processors. Paypal, however, is not included.
Trading itself is not specific in any particular way, it’s our beloved MetaTrader 4, which you can use to trade manually as well as run your favorite Expert Advisor.
To sum up, I was looking for a trustworthy Forex broker with good feedback from experienced traders, which uses MetaTrader4 (so you can also run Forex robots) and which is easy to start with for beginners (opening an account is a breeze and you can start with $1). Looks like FXOpen fits the description.
http://www.youtube.com/watch?v=kUxVNw084Qw
Impression
FXOpen is one of the larger dealers on the market. The Forex dealer is well-known and trusted by traders from around the world. The company offers a lot of value-added services, and has physical offices in various areas of the world like Paris, Cairo, Kuala Lumpur, Jakarta, and others.
Platform
FXOpen uses the well-known MetaTrader 4 trading platform, both the desktop version and the mobile version.
Customer Service
FXOpen has customer service via live chat, callback, email and phone. There is a dealing desk number to call in the case of trade issues, and the customer service is available during normal FX trading hours.
Reliability
With the reliable MetaTrader 4 platform and the long-running trade volume that the dealer has and does conclude, reliability is to be found here. In fact, the front page of the website shows how many trades have been executed, and the amount of accounts that FXOpen have facilitated.
Commissions and Spreads
FXOpen has fixed spreads on all 28 pairs and spot gold and silver as well.
Promotions
There are promotions for transferring your account form another broker (5%), and a tiered bonus program after a certain amount of trading is done.
Conclusion
FXOpen had been a solid and trustworthy broker to thousands of traders around the world. As the webpage shows, there have been more than enough trades and accounts executed to understand that the broker is very reliable. The large amount of pairs (28), and the ability to trade metals makes this a good fit for most traders.
http://www.youtube.com/watch?v=ACRghxiIVD8
Pros:
Fixed spreads. This allows traders the upfront knowledge of trading conditions.
Gold and silver are available for trading.
The MetaTrader 4 platform is well-known and reliable. It has been being used for years, and is very stable.
Accounts can be started with as little as $1.
The deposit process is simple and quick, as you can use credit and debit cards, JCB, and MoneyBookers to fund your account. Withdraw can be done in reverse.
Cons:
Americans are not allowed to trade with this dealer.
http://www.youtube.com/watch?v=AIBOKktvh2o
source:
http://www.dailyforex.com/FXOpen/FXOpen-review/487
http://www.forexmachines.com/brokers/fxopen/
http://www.fxempire.com/forex-brokers/fxopen/review/
FXOPEN Review
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