FXOpen Launches Trading Contest for Pro Traders

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.

Japanese candlesticks' closing and opening timings may vary across different time frames, but the price movement remains consistent with other companies in terms of market dynamics. Regarding the spread, I have observed that it is significantly narrow across various currency pairs, which is advantageous for this company.

In the past, the company faced a poor reputation and encountered numerous issues. However, they have successfully addressed and resolved those problems, resulting in a substantial improvement. The company has made positive changes to its policies, and one notable improvement is the reduction in lot sizes. This adjustment accommodates traders of all levels and preferences.

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.