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Обзор
A company with an impeccable reputation offers affordable trading, innovative platforms, passive earnings in the PAMM account system, etc.
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Полный обзор
FXOpen is one of the largest international forex brokers. The company appeared in 2003 and offers its customers a huge selection of terminals, loyal conditions, operational transactions and deposit accounts. Those brokers for whom reputation and reliability are fundamental factors choose FXOpen (read reviews about FXOpen on the website This is a scam™).
Are the owners of the company scammers engaged in money fraud, or is it a proven broker with extensive experience, guaranteeing its clients the best conditions and competent technical support, as well as the absence of commissions for withdrawing funds from the account? We will talk about this in more detail in the article.
FXOpen Trading Rules
FXOpen is a company that has been on the market for a long time and has extensive experience in the financial sector. It is engaged in providing an opportunity to trade in the market of interbank currency exchange forex. The organization started by providing its clients with trading support services in various financial markets. Soon, an excellent team of specialists realized that it was convenient for investors to work on a good reliable platform, so the idea arose to expand FXOpen to an intermediary company between the client and the market for more comfortable trading and obtaining high results. In 2005, the owners launched the site, which is destined to become one of the most popular in the world.
The FXOpen trading name is owned by Global IB Solutions Limited in Nevis. The central office of the company is located in Cairo. There is also a broker’s training center, which conducts group and individual analyzes on financial analytics and trading in the foreign exchange markets. At the moment, the company works with traders all over the world, with the exception of the United States. A distinctive feature of FXOpen is that the company does not deal with passive income, but is constantly improving in search of the latest solutions for more productive trading. The broker has many international awards and high positions in the ratings in the forex market.
Among the most significant innovations is the presence of ECN accounts and the so-called “Islamic” accounts, which were first introduced by FXOpen. Other advantages: the presence of client offices around the world, including in Russia. The company’s activities are confirmed by several licenses: the English FCA and the Australian ASIC. FXOpen understands that trading should be as convenient as possible and bring profit to traders, for this they have created several types of accounts. In addition to standard and cryptocurrency settlements, STP and ECN accounts are available, and there is also a free demo mode for learning how to work with the platform. There is also support for PAMM accounts and a management system available to each client. This application for working with digital assets on mutually beneficial terms is specially created for advanced investors and allows them to earn additional income. There are many possibilities, such as:
- copying trades;
- trading in automatic mode;
- support for interaction between partners;
- availability of special filters of offers that meet the client’s requests.
For the convenience of communication, a forum has been created where you can share your opinion or find out this or that information about the system. Its main purpose is to make the process of making a profit comfortable and profitable. Also, the company FhOpen regularly holds various contests in which you can win no deposit bonuses or real money, and also arranges competitions on demo accounts.
In order to withdraw interest or a deposit from their account, traders are required to pass verification in the system and provide their real passport data. The company has a security service that controls the security of user data. The fxopen.com website has everything possible that may be of interest to the client: information about the company itself and its capabilities, training modules, detailed instructions for working with the system, the latest news of the financial world and a multi-currency calculator.
FhOpen Trading Platform
The operations carried out by traders take place on the MetaTrader4 platform, which was created by developers specifically for Windows, Linux and MacOC. Interestingly, almost all transactions carried out in the forex market are processed on this platform, which is convenient because with its help traders receive introductory information about the state of financial markets and enjoy the support of managers when making transactions.
FXOpen programmers have worked on the MT4 platform to connect ECN settlements to its system, and at the moment it is an excellent choice for those who value high performance and stability. Another innovation of FXOpen is the ability to use a liquidity aggregator, which allows you to instantly place orders at the best price. The advantages of the MT4 platform do not end there:
- Availability of all kinds of orders, including stoploss and take profit, and manual trading from charts with different executions: at the request of the trader, market, instant.
- Creating your own robots based on strategy models and trading in automatic mode with scripts and advisors.
- Working with charts, allowing you to customize them individually for each client in the form in which it will be most convenient.
- A lot of modules for analytics and work in market conditions, several dozen indicators, registration of quotes, current news and much more.
The MetaTrader4 terminal for working with ECN and STP accounts can be downloaded from the official website of the organization. In addition to MT4, FXOpen has created another platform, MetaTrader5. Currently, this is the best free terminal with which you can work on the Internet. In addition to the full range of services of the platform of the fourth version, this option provides many additional options for operations in the forex market.
Learn more
There are no longer 50 indicators, as in the standard MT4, but more than 80, and there is also an autonomous store of robots, advisors and indicators, available anywhere in the world and at any time. The program can be easily downloaded from the official website of fxopen.com. Another development of FXOpen is a unique Web-Trader terminal that allows you to work without installing software. It is adapted to all operating systems, including Linux, and for all known browsers.
The interface of the program is exactly the same as that of MT4, simple and understandable even for a beginner. The developers paid great attention to the security of trading and the protection of the trader’s connection from attempts to steal data or funds from the account. There are special platforms that are in demand by brokers, such as ZuluTrade and MyFXbook. They are specifically designed for buying and selling robots. Their specificity lies in the fact that it is easy for novice investors to work with them at the stage when you need to constantly monitor your investments.
Quotes fxopen.com
FhOpen provides traders with a reliable and secure service. The main thing for the company is the quality of the services provided and the level of customer satisfaction, which is why it is so important to make trading operations in the forex market as profitable and comfortable as possible. The company works with the most famous forex banks, such as Barclays Capital, Deutsche Bank AG and others, and the terminals work with quotes online, allowing traders to announce prices and make deals at the most favorable rates.
Demo account
To get acquainted with the system and the capabilities of the platform, you can open a test account, which is an exact copy of real trading, while completely free. In this mode, virtual money is used, and traders can familiarize themselves with the interface of the terminals and perform all operations in demo mode. The presence of such an opportunity speaks to the reliability of FXOpen. A test account allows you not only to get acquainted with the work of the company, but also to work with indicators, advisors and robots, make virtual transactions and make sure that the system works smoothly. A demo account will help experienced traders to test the functions of the platform, and beginners will start getting acquainted with trading in the market.
Terminal for mobile devices
For owners of phones on Android and iOS operating systems, mobile applications are available: MetaTrader4 and MetaTrader5 platforms, and for owners of tablets with the latest versions of Android, developers have created a special mobile resource FXOpen Trader. All this is done so that the trader can get the opportunity to control his accounts on trips in the absence of a desktop computer and from any accessible point where there is a connection. It is worth noting that the potential of the mobile application almost completely corresponds to the “full” version for PCs and laptops. It has indicators and other tools, charts for a more detailed analysis of the market, the history of recent transactions and operations, account balances and the ability to withdraw funds from the deposit.
EfExOpen Bonuses
FXOpen offers an extensive system of bonus rewards to all its clients.
Welcome Bonus
Designed for novice traders. It implies a minimum replenishment of the deposit account. Thanks to it, you can get additional funds for more successful trading. To activate it, you must deposit at least $ 1 into your account. The rest of the information will be provided to customers by a personal manager.
Bonus in the STP system without a deposit
Another quite attractive offer for the organization’s customers, providing more opportunities. To activate it, you need to go through verification, after which the user will receive $ 10 automatically. Such a bonus is provided only to those traders who have an STP account, and only at a time. Detailed information can also be found in the support service.
Account replenishment and withdrawal of funds
FXOpen works with all possible partners, promising clients the fastest possible transaction. Each client can choose from an extensive list of the most profitable option for himself. To replenish the deposit, you can use a regular bank transfer or transfer money from your plastic card. Also, all major payment systems are connected to the work: Yandex.Money, WebMoney, Qiwi, Neteller, Skrill and others. You can also use Bitcoin, Ethrereum and other cryptocurrencies to deposit funds. In a similar way, earnings are withdrawn to the client’s current or card account (mainly Visa and MasterCard systems), to an online wallet or in cryptocurrency.
Traders’ reviews about FhOpen
The company has been operating on the market for more than 15 years, so there are many different assessments of its work on the Internet. Clients speak positively about FXOpen’s strategy, about the interest in good earnings of traders, about the reliability of terminals. Also, the scalping system (trading robots in automatic mode), indicators, no software malfunctions, convenient accounts, prompt withdrawal of funds from the deposit and a low difference in the rates of buying and selling currencies receive good reviews. Plus, contests are often held, where it is quite possible to win not only bonuses, but also real money.
Users note that in the summer of 2019, the company canceled the commission for replenishing the account, which was a pleasant surprise for those who have been working with the broker for a long time. Others are satisfied with the fact that 39 cryptocurrency pairs are available for trading, from which you can always choose the most profitable option for the transaction. It is also noted that when opening ECN, STP or cryptocurrency accounts, customers are provided with free hosting for a month.
It can also be noted that the company is certified and has several financial licenses. The know-how of the developers is the PAMM investment system. Traders advise FXOpen to clients of other companies. In addition, the organization has a special service, whose managers work with feedback and comments from users, providing feedback. Complaints are reported to software vendors, and the system is continuously improved. The company carefully analyzes the opinions of customers, which indicates its interest in the best possible service.
There are also negative reviews, usually related to problems with withdrawing funds from the account. Some note that instead of the promised instant withdrawal of money, you have to wait for some time. This point can also be related to the work of banks and electronic wallets. Sometimes users complain about failures in the functioning of terminals and lack of feedback. Among the disadvantages, slippage in the news and high margin requirements of the pound/dollar pair were also noted, but you can always choose other more profitable pairs for trading. On social networks, you can also get acquainted with the opinion of clients about the work of FXOpen.
Broker Regulator
The company has several names, such as FXOpen Markets Limited, which is registered in Nevis, and FXOpen AUPty Ltd, which is registered in Australia. In our country, the interests of the company are represented by EfExOpen LLC. The organization also has many other licenses, it is part of large financial associations.
Check FXOpen’s license on the FCA website
Check the license of the FXOpen broker on the website of The Financial Commission
fxopen.com User Agreement
When choosing a platform to work in the market, a trader, first of all, must make sure that the company has been certified by the proper authorities. When it comes to financial transactions and investments that are credited to the accounts of the organization, it must have a good security system and reliability. It is necessary to carefully study the “User Agreement” published on the fxopen.com website, which specifies the rights and obligations of the parties, as well as the actions to be taken in case of disputes.
All actions related to the claims and responsibilities of the user and the financial company are presented in the “Client Agreement” of FXOpen. For example, it states that the broker has the right to stop working with the trader if he indicates an incorrect transaction price during the execution of the order. The same applies to the use by customers of errors in quotes and other failures in the system. In this case, the company has the right to prohibit the user’s access to the trading platform and provide other restrictions at its discretion.
Clause 14 of the “Company’s Responsibilities” section states that FXOpen makes every possible effort to process all client orders. At the same time, the client should understand that the company does not have the right to provide guarantees for the execution of all orders and is not responsible for losses and losses, as well as lost profits.
Is FXOpen a scam and a scammer?
FXOpen is one of the largest companies in the forex market, which has been operating for a long time and has a reputation as a reliable broker. It has many advantages that distinguish it from its competitors, such as a wide range of services and a variety of investment opportunities. The owners of the company are working on its development and compliance with the latest requirements of financial markets. Above all, the comfort and convenience of users when working with the platform is appreciated.
Traders can be calm about the reliability of their funds in the company’s accounts, as the security system meets expectations. FXOpen has several licenses obtained in different countries, which confirm its compliance with international standards and the right to work in the forex market. This confirms that the company is not a scammer and does not deceive its customers by speculating on the information and funds received. FXOpen’s mission is to provide excellent service and constant customer support, a lot of services necessary for a trader and the availability of a demo trading mode.
The company supports work with several types of accounts, including the innovative development of PAMM, which provides passive income to investors. There are several versions of terminals and mobile applications that meet high standards. The most modern and user-friendly platform is FXOpen Trader, developed by specialists for prompt access to accounts and all kinds of operations on the market. There are also affiliate programs for bloggers and administrators of groups in social networks and forums. With the help of a forex agent, they can receive a reward – a percentage of the transactions of attracted clients. Special conditions apply to regional representatives. And for clients who have their own brand, you can use the WhiteLabel program on a franchise basis, which includes the entire technical base of FXOpen.
There is a convenient navigation system and filters to find the best offer, which is also in demand among customers, and a form where players share their impressions and the latest news of the financial markets. On the company’s website, you can familiarize yourself with training and theoretical materials, as well as work with the program in demo mode. There are many language versions, as FXOpen works all over the world.
Of the advantages, one can also name a huge number of indicators for convenient trading and simultaneous work with charts, real-time transactions and a developed system of rewards, contests and bonuses. At the same time, the terminals are so convenient that you can use them without special training. The company works with all payment systems and e-wallets for quick replenishment of customer accounts and instant withdrawal of funds. All this characterizes the company as developing, promising and customer-oriented. The disadvantages of the company were indicated in some negative reviews, but it is impossible to judge with certainty about their objectivity.
Findings
Today, FXOpen rightfully occupies a leading position in the ratings. The company cares about its clients and provides them with the widest opportunities for profitable trading in the forex market. The platform is suitable not only for professionals but also for beginners. The presence of branches in many countries and round-the-clock qualified support guarantee customers the best service. There is no way to claim that the company is deceiving its users or not fulfilling its obligations.
It should be borne in mind that forex trading involves certain risks, including a complete loss of funds. The company cannot be held responsible for the unprofitable financial investments of its customers, so each player must independently assess their capabilities. You can get a complete picture of FXOpen by reading the comments of real clients and reading their ratings on our website.
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