FXOpen Account Types review explained by professional forex trading experts, All you need to know about FXOpen Accounts Types, For more information about Fxopen.com broker you can also visit Fxopen review by ForexSQ.com forex trading website, The TopForexBrokers.com ratings forex brokers, or Fxstay.com currency trading investing company and get all information you need to know about the Fxopen UK broker.
FXOpen Account Types
To provide for the dissimilar types of traders signing up with them, FXopen.com have providing 2 foremost types of trading accounts to outfit their varied trading requirements.
ECN FXOpen Account
The FXopen group of companies provide their traders FXopen ECN trading on their Metatrader4 platform. The network which links all the main liquidity providers together and equals the trading orders with the best rates in actual time. Through the FXopen ECN accounts, traders can trade on the interbank spread whereas paying a small commission to FXopen.com for the ECN service area. ECN accounts at FXopen UK are categorized into:
Standard ECN FXOpen Account
Minimum Deposit $1500, €1500, £1000
Basic ECN FXOpen Account
Minimum Deposit $300, €300, £200
Advanced ECN FXOpen Account
Minimum Deposit $50000, €50000, £30000
The FXopen ECN accounts also permit traders to trader in Contract for Differences (CFDs). These are financial instruments that permit traders to wonder on the price of an original asset without having to own the actual asset. FXopen UK’s CFDs presently covers market indices, the natural gas market and crude oil.
FXopen ECN account can be opened with a credit of just 1000 dollars, actual reasonable commission of 2.5 dollars per side, 4.85 dollars per round lot and the lowermost overall spreads of any other relative broker. The other brokers that were close competition were ICM and Armada Markets, but strangely they both had equal spreads on their ECN accounts with only a pip or 2 different in a couple of pairs, and both related to FXOPEN.com were just 1pip lesser on EURUSD, which when accounted with the greater commission of 5.4$ per round lot leaves a simple difference of less than half a dollar.
STP FXOpen Account
Through a minimum deposit of $300, €300, £200, traders can even now start trading from an STP account. The STP account combines the advantage of real time market implementation with the commission constructed into the price now. Though the minimum transaction size can be as lesser as 0.01 lot, the leverage ratio is up to 1:500.
Demo FXOpen Account
In order to provide beginners a chance to experience the fell of live trading, FXopen UK has actual kindly provided them with a free FXopen demo account facility. Traders just essential to register (without any responsibility) to gain access to the FXopen demo account facility.
FXOpen Accounts Types Conclusion
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