FXOpen UK and Indonesia, Which One?
Other Testimonials
I Invest Maestri
Account Number: (20500xxx)
Nov 4 2023
Account Number: (20500xxx)
Nov 4 2023
I never had a problem I wasn't able to quickly... More
N Noah
Account Number: (704xxx)
Nov 30 2022
Account Number: (704xxx)
Nov 30 2022
This is an ECN Forex broker so i can trade... More
V Veronika Lipscomb
Jun 5 2023
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This company offers a wide range of trading options and... More
R Ressie Daly
Jun 2 2023
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The company stands out for its tight spreads, user-friendly trading... More
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Jun 1 2023
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P Pangestu Apr 17 2020
I'm still a bit confused about choosing a broker. I am interested in FXOpen which has a small minimum deposit for ecn accounts. My questions:
1. Is there any difference between FXOpen UK and FXOpen broker in Indonesia?
2. Is the IB also regulated by the same regulator as the UK broker?
3. Which one should I choose? fxopen uk or fxopen indonesia?
J Jackson
Apr 18 2020
Pangestu: There must be a difference between registering a broker directly with a prime broker (Prime Broker) and registering through an Introducing Broker (IB) / White Label (WL). The most striking difference is of course the amount of spread and swap/commission fees that apply. If you use an official IB from a Prime Broker, then of course the regulatory status also follows the regulations of the Prime Broker. Depends on your choice. You can choose to directly register with Prime Broker to get and service directly without intermediaries and restrictions. Or prefer to register through an IB to get convenience in payment (deposits/withdrawals) and customer service (customer service), because surely the local IB provides a choice of payment options through local banks for the convenience of their customers. As long as you use an official IB service from Prime Broker, I think that in terms of security, they are both safe and trustworthy.