Compare Monex Investindo Futures Vs FXOpen: Which is the Better Forex Broker in 2024?
Monex Investindo Futures Vs FXOpen, 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 Monex Investindo Futures Vs FXOpen, here is the direct comparison:
Compare | Monex Investindo Futures | FXOpen |
General Rating |
1.00/5 |
2.86/5 |
Score | ||
Trustpilot |
3.7/5 3 users |
4.2/5 12 users |
πΌ Regulation | ||
β Info | ||
β Established | 2000 | 2003 |
π² Min Deposit | Rp500,000 | $1 |
β Max Leverage | 1:100 | 1:500 |
π’ Spread | Variable | Variable |
πΈ Commissions | $20 | $1.50 |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Bank Transfer, Virtual Account, E-wallet (Linkaja, GoPay and OVO) | Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, Tether (USDT), WebMoney and AdvCash |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, German, English, Spanish, French, Hungarian, Indonesian, Italian, Russian, Chinese, Portuguese, Thai, Turkish |
πͺ Trade Now | Open Monex Investindo Futures | Open FXOpen |
Compare Again
Testimonials
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Monex Investindo Futures: Just information, Monex is a local broker. All of you...
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Monex Investindo Futures: That's totally easy when doing registration on this broker. No...
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Monex Investindo Futures: Firstly, I doubt all of the local forex brokers, but...
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Monex Investindo Futures: For the local forex standard, I think Monex is suitable...
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Monex Investindo Futures: I don't have special trading experience with a local broker,...
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FXOpen: With them since 2018
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FXOpen: Good ECN Account
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FXOpen: Bad support
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FXOpen: FXOpen review
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FXOpen: Better than the rumour
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News
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FXOpen UK Forex Broker Reports 5.5% Revenue Increase
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FXOpen Introducing New ETF CFDs, Opening Doors to American, Chinese, and Indian Markets
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Automated EA and Indicator Script Now Available in FXOpen
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FXOpen Releases New Exotic Currency Pairs on its Platform
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FXOpen Reduces the Minimum Size of Index CFDs
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FXOpen Books the Most Innovative Awards from Traders Union
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FXOpen Approves Zero Commission on Index CFDs
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FXOpen Adds TradingView to its Charting Platform
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FXOpen Launches Trading Contest for Pro Traders
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Article
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Your Guide to FXOpen Forex Contests in 2023
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FXOpen Vs Tickmill for Cryptocurrency Trading
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Your Definitive Guide to FXOpen ECN Account
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Guide to FXOpen Deposit and Withdrawal
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All You Need to Know about FXOpen Mobile App
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FXOpen Copy Trading: Perfect Chance to Get Passive Income
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- Comparison List
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, Monex Investindo Futures provides their pricing with Variable spread while FXOpen offers Variable spread.
Monex Investindo Futures vs FXOpen: 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, Monex Investindo Futures enables trading with MetaTrader 4, MetaTrader 5, MIFX Mobile. The offer is supported with . In comparison, FXOpen provides trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), TickTrader (Limited with 30 days), TradingView, Web with the support of One-click trading, Trailing stop, Pending orders.
Is Monex Investindo Futures or FXOpen 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, Monex Investindo Futures supports trading with Forex, Gold, Silver, Oil, Index, while FXOpen presents the ability of trading with Crypto, Etf, Commodities, Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Energies.
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.
Looking for more references? Here are other comparisons related to Monex Investindo Futures and FXOpen:
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- Compare Monex Investindo Futures vs FP Markets
- Compare FXOpen vs JustMarkets
- Compare FXOpen vs FBS
- Compare FXOpen vs Exness
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