FXOpen vs Monex Investindo Futures: Which One is Better for You?


FXOpen vs Monex Investindo Futures, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FXOpen vs Monex Investindo Futures, here is the direct comparison:

Feature Go to FXOpen Go to Monex Investindo Futures

Rating

General Rating 3.83/5
3.40/5
Trustpilot 4.2/5

rated by 12 users

General Information

Office(s) Australia, Russian Federation, Saint Kitts, Nevis and United Kingdom Indonesia
Regulation ASIC 412871
FCA (UK), 579202
BAPPEBTI
Established 2003 2000
Minimum Deposit $1 $500
Maximum Leverage 1:500 1:100
Spread Variable Variable
Commissions $1.50
Minimum Position 0.001 lot 0.1 lot
Payment Apple Pay, Bitcoin, Bitcoin Cash, CashU, Credit/debit cards, DIXIPAY, Ethereum, FasaPay, IntellectMoney, Liqpay, Litecoin, Local bank transfer, Neteller, Payza, QIWI, RBK Money, Skrill, Tether (USDT), UnionPay, WebMoney, Wire transfer and Yandex.Money
Official Website Visit FXOpen Visit Monex Investindo Futures

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Arabic, Chinese, English, Indonesian, Russian
Email Support
Call Support
Chat Support

Reviews

General Review Read FXOpen Review Read Monex Investindo Futures Review
User Reviews

Louise Pratcher

Jan 11 2022

I just found out that FXOpen has a forex article contest. How can one participate and how long will this contest held?

CharlesX545

Dec 31 2021

Hi, I'd like to ask about this.

is this commission-free trading a lifetime thing or is it just during seasonal promotions? If it just a seasonal promotion, how long it will last?

ask

More User Review

D. Bohemian

Jul 28 2020

Just information, Monex is a local broker. All of you guys can open the rill account easily. For deposit security, they are using a segregated account and supervised by Bappebti. The withdrawal process is totally fast and free commission.

Nor Alam Syah

Oct 28 2019

I am a trader on this broker. Based on the security and customer service, this broker is number one. But two times, I have experienced my capital was completely depleted.

I want to activate my account again, but No way. Here is my reason:

  • The spread is too high for me. Make it lower, at least not too much difference with the oversea broker.
  • The commission is too big 
  • There is no swap account 

More User Review

Start Trading

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Which one has the better spread?

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FXOpen provides their pricing with Variable while Monex Investindo Futures offers Variable.



FXOpen vs Monex Investindo Futures: Who hosts the best trading platform?

The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

To support their clients, FXOpen enables trading with MetaTrader 4 (Limited with 30 days of inactivity), MetaTrader 5 (Limited with 30 days of inactivity), TickTrader (Limited with 30 days of inactivity). The offer is supported with Mobile trading, Browser-based platform, Trading via API, One-click trading, Trailing stop, Pending orders, One-Cancels-Other (OCO) orders. In comparison, Monex Investindo Futures provides trading with MT4 with the support of .



Is FXOpen or Monex Investindo Futures better in providing the trading instruments?

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.

In this case, FXOpen supports trading with Forex, Gold & silver, CFD, Oil, Cryptocurrencies, while Monex Investindo Futures presents the ability of trading with Forex.

In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.

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