FXOpen Broker Testimonials

I have traded with 4 brokers including FXOpen. After comparing my trading conditions i found out that this broker was the most stable one and had no slippages in my orders. This was important for me as i am a news trader and a lot of my profits have to come from trading news.

After I started trading with FXOpen my income from the trading in Metals and Oil has increased as all of my trades get executed without any Re-quotes or slippages.

Also I can hit my Pending orders in the markets thus my trading income is more now.

With the help of the Crypto Trading account of this Broker i am able to trade at any time of the day.

The market has deep liquidity this is why i am able to close the deals at the current market prices.

Are you STP broker? What liquidity provider is there?

Can I trade with the same account Fxopen Uk and the existing one like AU ? Or do I need a separate account?

Do you offer free contests?

This company offers a wide range of trading options and has a diverse of accounts and contracts, including STP accounts and ECN accounts. They provide ample opportunities for trading various currency pairs, including major and secondary pairs. Additionally, they support the trading of digital currencies, and their services are available throughout the week, allowing for flexible trading of digital assets.

One standout aspect of this company is its remarkably low spreads. Whether you opt for an STP or ECN account, the spreads are incredibly tight. The ECN account boasts almost zero spreads in certain currency pairs, with spreads typically not exceeding four points and sometimes even just one or two points. The STP account, while slightly wider, still offers competitive spreads starting from 10 points and going up to 24 points, making it suitable for trading pairs like the Japanese yen/US dollar. The company prides itself on providing these favorable trading conditions across the board.

The company stands out for its tight spreads, user-friendly trading experience, and the availability of multiple platforms for trading, including MetaTrader 4, MetaTrader 5, and their proprietary platform.

Withdrawals and deposits are hassle-free, with a wide range of methods available. Notable options include Skrill, WebMoney, and Perfect Money, along with the company's own documentation process. Additionally, users can conveniently withdraw funds via credit card or bank transfer, further expanding the withdrawal and deposit options offered by the company.

While the company has numerous strengths, it is important to consider some potential disadvantages as well.

Instances of slippage are infrequent with this company. Occasional servers can occur, but this is a common occurrence across various brokerage firms. However, the company's IT team promptly addresses and resolves any reported technical issues. In the event of a poor fill, the refund process is expedited, ensuring a swift resolution. Additionally, the customer support team is highly responsive, providing fast and efficient assistance.

After trading with this company for approximately two years, I would like to provide an impartial evaluation of their key strengths and weaknesses.

One of the standout advantages of this company is their ability to offer competitive and transparent prices with low spreads. For instance, when trading the USD/JPY pair, the spread is often as low as 14 points, and sometimes even lower. Similarly, the active stock market presents an opportunity to trade the USD/CAD pair with a spread of only 16 points, while the EUR/USD pair boasts an impressive spread of just 13 points. When it comes to trading gold against the USD, the spread typically ranges around 20 points, and occasionally slightly higher.

I also had the opportunity to experience trading during risky periods, particularly during the Christmas holidays in December and January. It is widely known that many traders prefer to avoid trading during this time due to the high risk and market volatility in these two months.

Overall, this company demonstrates strengths in offering competitive prices and accommodating trading conditions, even during challenging market periods. However, it is important to consider individual risk tolerance and market fluctuations when trading during such high-risk periods.