Thinking of FXOpen? “Must-Read” Pros & Cons of the Service

September 15, 2016

You should read this before start trading with FXOpen.

Thinking of FXOpen? “Must-Read” Pros & Cons of the Service

We understand that there are hundreds of misleading information on the web, and you may be tired of seeing the same advertisement mentioning the same things.

Here are some tips for you to choose the most suited broker for yourself.

Pros

FXOpen is regulated by FCA in UK and ASIC in Australia, which are both known as strict fiancial watchdogs.

FXOpen has been providing Forex services for over 10 years since 2005.

As a 100% ECN Forex broker, there is no restrictions on the trading platforms, and No interference nor price manipulations.

A number of Trading Tools are available such as ZuluTrade Copy Trading, PAMM, MT4 Plugins and Market News.

ForexCup(Forex Trading Contests) are held periodically, and the cash prizes are available for withdrawal by meeting requirements.

Several Cryptocurrency is tradable and these are also available for setting up as your account base currency.

The required minimum deposit amount to open a Live account is only 1 USD.

Cons

The Bonus Promotions are not so attractive, as the Deposit Bonus is 1 USD and No Deposit Bonus is only 10 USD.

The company FXOpen Markets Limited is a registered company Nevis, an Island in the Caribbean Sea, and in case you are not residing in Australia or United Kingdom, you are to open account with the company of the island.

Is FXOpen suited for you?

FXOpen is another broker with long experience with well sophisticated services.

Other than lacking some gorgeous promotions, the broker has got almost all options & tools for its traders.

Crypto-Currency, Trading Contest(ForexCup), ZuluTrade Copy Trading system,  STP accounts, 1 USD minimum deposit, MT4, licenses and etc, FXOpen should be a fine choice for any traders.

Although if you are looking for some exciting bonuses or fixed spread for EA programs, then FXOpen may not be the one for you.

Hercules