Apart from ensuring traders' safety and security, FXOpen offers a mobile app for easy trading that can be easily accessed anywhere directly from your mobile screen.

FXOpen is a broker for foreign exchange, but you can also trade CFDs, indices, cryptocurrencies, and commodities on its platform. Data shows that the platform is suitable for professionals and novices in online trading. As a result, the company promotes itself as offering "full confidence" trading.

The broker has promised to keep growing, and it does so by adding new markets and services all the time. The broker is a good partner for more than a million customers from close to a hundred countries. Also, the broker's services, technologies, and business environment have been praised many times for their high quality.

In this article, we'd specifically discuss on how FXOpen provides a mobile app for trading on the go. But before getting into that, let's check this broker's safety first.

 

Is FXOpen Legit?

FXOpen is a legitimate company subject to a great deal of regulation. The broker has the proper license to do business in all of the places where it does business. Companies affiliated with FXOpen are based in Australia, Saint Kitts, Nevis, Cyprus, and the United Kingdom. They also have representatives located in a variety of additional countries.

🌐 Website
fxopen.com
Leverage
1:500
💼 Regulation
💲 Min Deposit
$1
Year Established
2003

Bonuses
PAMM
Trading contests
Segregated accounts
VPS
Compensation scheme
Negative balance protection
Low spread eur/usd
Islamic account
Personal manager
Affiliate program
Copy Trading
Wire transfer
FasaPay
WebMoney

FXOpen started its operation as an online trading provider for retail clients since 2005. The company was founded by a group of traders with a mission to provide services that refer to the interests of traders. FXOpen claimed to be one of the firsts to offer ECN trading via MetaTrader 4 (MT4). With FXOpen's unique proprietary price aggregating technology, their clients can benefit from the industry's most competitive spreads (from 0 pips) and low trading commissions.

In 2006, FXOpen also became the first broker to offer a micro account and a swap-free account. After that, they continue to be the pioneers of several new and high-tech services, including the first Crypto account that can provide trading facilities on 24 Cryptocurrency pairs such as Bitcoin, Litecoin, and Ethereum.

Furthermore, the company provides One Click Trading and Level 2 MT4 plug-ins, enabling traders to place trades with just one click of the mouse. Traders do not need to worry about trading security at FXOpen. They have registered in Nevis, the UK FCA, and ASIC Australia.

A variety of trading accounts are provided such as STP, Micro, ECN, and free unlimited demo accounts. The minimum deposit for each account depends on the account type; USD1 in Micro Account, USD10 in STP and Crypto Accounts, and USD100 in ECN Accounts. As for leverage, FXOpen offers up to 1:3 (for Crypto Accounts), and up to 1:500 (for Micro, STP, and ECN Accounts).

Besides, traders can enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems. Both of these services allow anyone to copy the transactions of experienced traders. Thus, traders can replicate the results of professional traders' strategies.

The FXOpen PAMM Service allows copying trades from a Master account to one or more than one Follower account and automates the distribution of profits and losses. The Master operates personal capital through a PAMM account, and his trading strategy is replicated to the Follower's capital. The owner of the Follower account can view and analyze the performance of the PAMM account with the help of advanced analytics. There are 3 PAMM accounts in FXOpen, namely STP, ECN, and Crypto PAMM.

On ECN accounts, traders will get direct price quotes from leading liquidity providers, including Dresdner, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JP Morgan, Morgan Stanley, Deutsche Bank AG, RBS, CITI, and UBS. This is one of the reasons why FXOpen's ECN account has become a trader favorite.

After seeing the various advantages offered by FXOpen, traders can easily register an account, simply by filling out the form in the registration menu on the FXOpen website. Traders will be asked to verify documents in advance if the trader will make a deposit or withdrawal of funds. Based on traders' experience and information since FXOpen was founded, there have not been any major complaints about payments (depositing or withdrawing funds) from clients.

Once registered with the FXOpen broker, traders also have the opportunity to get other benefits. One example is the FXOpen cashback program for the first 90 days from registration as a new client. The minimum cashback is USD5 and the maximum is USD1,000.

Furthermore, free VPS is available for ECN, STP, and Crypto account holders. Traders can use FXOpen VPS without any fees for 1 month if they can maintain equity of USD5,000 at the end of the month or trade with a trading volume of USD10,000,000 per month. The advantages of VPS on FXOpen are excellent accessibility, flexibility, and speed.

Trading on FXOpen is made easier because traders can add insight into trading by entering contests. FXOpen Broker offers weekly and monthly trading contests on demo accounts through the ForexCup.com site. Traders can join competitions that are free of charge to hone their skills. If a trader wants a bigger challenge, there is also a trading contest on a real account.

The company also offers Forex partnership programs to traders, Forex brokers, and website owners who publish information about fiat and crypto-currency trading. There are 3 types of partnership levels, including Forex IB (Forex Agent) that attracts new clients to FXOpen using a referral (affiliate) link, Forex Rebate, and individual partnership conditions.

In Conclusion, FXOpen is a well-rounded forex brokerage for traders with a desire to try various trading instruments, a trading environment in ECN account, low minimum deposits, the best cryptocurrency trading condition, as well as interesting trading features like PAMM and demo contests.

For financial security, FXOpen applies a fully segregated account to separate clients' money from FXOpen's own funds. Account fo the clients' funds are held at Barclays Bank Plc or Lloyds Bank Plc in London. The broker also provides additional protection to all retail clients with insurance up to £85,000 as required by the FSCS for compensation schemes.

 

Is FXOpen Mobile App Good?

To begin, the FXOpen app is really simple to use. A few taps are all it takes to move around and use the app's various functions, making it a good fit for virtually every trader. You can download it from either Google Play Store if you have an Android device or the App Store if your gadget operates on iOS.

The ease with which the market can be tracked is another benefit of this app. You may take advantage of the layout to check in on your open positions and past orders in separate tabs when you're on the go.

In addition, users can customize their default settings for the app, such as the number of units traded, risks and profitability criteria for pending orders, price boundaries in percentages, as well as favorite financial products.

For your information, FXOpen's scope is widely considered among the most sophisticated in the business. This is because it gives clients access to a wide range of products in thousands of different financial multi-asset platform categories with flexible trading hours. There are over 600 distinct financial instruments, some of which include cryptocurrencies, indices, shares commodities, and forex.

FXOpen instruments

 

Marketing Analysis

FXOpen platform has over fifty indicators and visual aids. You may quickly analyze technical data with them. There is no way to underestimate how powerful the reporting tools are. The Analyst View, Market Buzz, and Technical Insights tools, among others, can help you find the specific pieces of information you need.

FXOpen tools

You can also look at the headlines, test your strategy, and look through a quotes archive. No matter how much you know or how experienced you are, you have access to all the tools you need to do a thorough market study.

 

Charts and Orders

When creating reports essential for the marketing research element of a trader's job, charts play an important role. Because FXOpen is aware of this fact, the application that they have developed is supported by diverse graphical elements that may be used for doing technical analysis.

On top of that, there are extra chart packages that can be used simply.

FXOpen Chart

Another exciting element of this application is that you can handle all three orders: stop, limit, and market. Only a few people have the skills to use all of these options. If you have the skills, FXOpen gives you the tools to use them.

You can also process orders placed through automated trading (EA), and there's an option called one-click trading that you may employ to execute transactions quickly.

One Click Trading

 

Deposits and Withdrawals

We found that managing money and putting money into accounts at FXOpen is quick and easy, which is excellent and very important for managing your account. FXOpen gives its customers a wide variety of funding options, such as credit cards, bank transfers, and a few different kinds of e-wallets, so that they can make speedy deposits and withdraw their money quickly.

 

Customer Support

Based on what we found out, FXOpen is still committed to its goal of giving customers professional solutions in analytics and trading, as well as excellent customer service. The support staff is always there for any questions that you might have. You can access the service around the clock using phone lines and the online chat feature.

 

Final Words

As this FXOpen review comes to a close, we're happy to recommend this broker to you as one that facilitates entry into the forex market, with lower minimum deposits and trading requirements, among a plethora of other appealing features. The broker maintains regulatory control of its activities, which safeguards the legal rights of traders. You can use the mobile app as the platform supports a lot of more flexible and efficient advantages where you can analyze the market, execute orders, and manage your FXOpen account all on a mobile screen.

 


FXOpen is a forex brokerage that has been offering services since 2005. It is currently one of the most successful forex brokers in the world. Since the very start, FXOpen aims to make forex trading more professional, easy to access, and secure.