FXOpen.com New Zealand Based Forex Trading Broker Review
Below is a Forex review of online forex broker FXOpen.com. FXOpen.com broker is based in New Zealand. Below is a list of the most common review questions that traders ask about this online forex broker.
Forex Broker reviews - Forex Reviews of FXOpen.com
Where is FXOpen.com currency broker based
FXopen is based in New Zealand, the address for this broker is:
187 Queen Street,
Is FXOpen.com a licensed and regulated Forex broker
Review details of the license, registration and regulation of this FX broker can be found on their website:
FXopen is registered with FSPR, Financial Service Provider Registry of New Zealand License Number: FSP192685
What is the execution method of FXOpen.com
Execution method of FXopen is ECN/STP broker.
ECN- Electronic Communication Network
STP- Straight Through Processing
The ECN execution method means there is no re-quotes and order execution is instant.
What are the spreads of FXOpen.com
The Forex broker spreads are:
Sometimes traders may not pay spreads according to the execution method, but in such cases will pay commissions for trades opened.
Financial Instruments provided for trading by FXOpen.com
What are the Forex account types of this online currency broker
- ECN/STP Account
- Standard Account
- Micro Account
Leverage upto 1:500
Does FXOpen.com broker have Islamic Forex Trading Accounts
FXopen provides Swap free Islamic Trading account, where there is no paying of interest.
What are the terms for demo trading accounts for FXOpen.com
Non expiring, Unlimited time $50,000 dollar trading demo account is provided this broker.
How is the withdraw and deposit process of FXOpen.com
Wire Transfer: 1 – 3 days Processing
Credit Card, Payza, Webmoney, Skrill Instant deposits and instant withdraws.
Most of these payments require a trader to pay deposit and Withdraw Fees
Fees range from 1% to 5% of your deposit/withdraw amount. 5% fees is quite high and it is best to check what the fees applies before using one method over the other.
What is the minimum account opening capital for Accounts
- ECN/STP Account, minimum account balance- $1,000
- Standard Account, minimum account balance- $25
- Micro Account, minimum account balance- $1
Does FXOpen.com give an account opening deposit bonus
FXopen does not give account opening bonus, but give other bonuses depending on the amount you will trade after opening an account with them.
What is the security and reliability of FXOpen.com
What is the Forex broker ratings for security and reliability.
FXopen is regulated in the New Zealand by FSPR and is a member of Financial Dispute Resolution Scheme in New Zealand and has a high level of security and reliability for funds.
Does FXOpen.com accept scalping
ECN Execution method of FXopen allows for Scalping forex Trading.
Does FXOpen.com give free education to currency traders
No, this broker does not provide learn currency trading education for learn trading online.
What are the Forex trading platforms of this online currency trading broker
Is FXOpen.com a MetaTrader 4 Forex broker
FXOpen.com provides MetaTrader 4 software which is the best Forex trading platform according to reviews.
The broker provides this trading platform which is available for download on their website.
Does FXOpen.com allow automated forex trading
The broker automated trading policy on automated currency trading is:
FXopen allows Automated Forex Trading on their Metatrader4 Platform.
What are FXOpen.com broker website sections
The website sections of these trade broker are:
Forex Trading Accounts Section: where traders will find information about accounts such as demo practice account and live accounts provided by this broker. Traders wanting to start trading can open an account from this section.
Contact Section: there is a section of contacts for this fx trading broker, where an fx trader can contact this broker.
Forex Trading Platforms Section: this section provides a platforms where a trader can choose one for trading online.
Analystics Section: Section for currency analysis and the currency pair movements.
Economic calendar section: Economic data calendar for when economic news are to released.
News Section: Event of economic news.
Forum Section: for currency trading discussions.