Fxopen is well known around the world because it was the first ever broker that initiated a MetaTrader 4 ECN trading account. This is one company that simply started as an Egypt educational center that was providing technical analysis in a relationship to forex and stocks. It was in 2005 when they entered the retail forex industry with an offer of brokerage services for users. It is currently regulated by FSC, Mauritius and stands out as a very good choice for both experienced traders and novice traders.
If you want to open an account with FXOpen you will love the fact that this is very easy. All that has to be done is fill an application form and then opt for one of the 3 account types offered. The first one is a Standard Account. The minimum deposit needed is of just 25 dollars and allows a leverage of 1 to 500. We also have the Micro Account which you can fund with a minimum of just 1 dollar. You can trade in volumes starting at 0.1 and you can have a maximum balance of 3000 dollars. The experienced traders will want to opt for an ECN account, which allows fifth decimal pricing and even inter-bank liquidity. We have no maximums and stop orders have no restrictions. If you want to you can also opt for a demo account. It is perfect for practicing forex trading and testing the provided FXOpen platform.
Talking about withdrawals and deposits you should know that there are many options available.I read on Fxopen Review that You can deposit money through CashU, C-Gold, Webmoney and Alertplay. PayPal is not supported though and this might be a problem for some traders.
MetaTrader 4 is supported as the FXOpen platform of choice for demo and live accounts. We are in front of a highly popular platform that can be found in the majority of forex traders. The interface is really easy to use and will offer suggestions and charts that can be used in order to make decisions. What is special is the proprietary MT4 ECN platform, which also allows a connection with the inter-banking market. You will find a higher security with that account in order to make sure that profit taking is better and that funds are always secure.
The customer support offered by FXOpen is opened all the time and you can get help through chat, email and phone. You can also contact a special customer care representative in the event that you need immediate help with anything through live chat. FXOpen truly is one of the best forex brokers in the world and can be a great choice for experienced and novice traders.