FXOpen Review
- High liquidity
- Insufficient amount of training materials
- More suited to experienced traders
Overview
In 2003 The FXOpen firm was as an educational institute offering courses in finance markets. In 2005 it commenced dealing services as a brokerage company to meet the growing needs for fair and transparent trading conditions.
Afterward, FXOpen committed to constant development while adding-on other marketplaces and expanding its offering even more. The brokerage is the first forex company to give access to an Electronic Communication Network (ECN).
FXOpen is a trusted trading partner providing a full range of active and passive trading services in around 100 countries. Their technology services and working environment is recognized many times. This review explains it:
Is FXOpen legit or a scam? Read before opening your account
When searching for a genuine broker to conduct your trading activities with, the crucial step before investing money is to learn about their license status. This will tell you whether a company is regulated or unregulated by a central authority.
If we talk about FXOpen, it is the world’s largest successful forex broker working for more than ten years. The broker is not a scam; it is a legit regulated forex broker by a top-tier authority like Financial Conduct Authority (FCA).
The broker has multiple licenses status that confirms the site is not fraudulent or seeking to collect money to cheat its customers. It is an experienced company aiming to provide high-quality services, safe and stable trading platforms, and 24/7 customer support. Many assets are available for investment, such as crypto-currencies, shares, forex, etc. The broker also offers several account options and free training trade.
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Advantages and disadvantages of FXOpen
- High liquidity
- It is ECN forex broker
- Special accounts for crypto trading
- MT4, MT5, Tick trader platforms
- It has PAMM-service for successful traders
- Insufficient amount of training materials
- More suited to experienced traders
- The high minimum deposit for UK customers
- Limited range of CFDs
- Limited educational tools
- Withdrawal charges are between 2.5% and 8.25%
FXOpen trading platforms
Choosing the right platform for trading is a crucial part of trading in financial markets. FXOpen offers various trading platforms to meet the most challenging trading strategies and requirements. These platforms provide advanced technical analysis with fully customized features. These platforms are:
- Award-winning Meta Trader 4 (MT4)
- The most technologically advanced Meta Trader 5 (MT5)
- Advanced and new multi-asset TickTrader
The platforms are designed to meet clients’ all trading needs.
- Meta Trader 4 (MT4
- MetaTrader 5 (MT5)
- TickTrader
