How to open Forex account with FXOpen?

How to open FXOpen’s Trading Account?

In order to open a trading account and start trading, you need to open an eWallet – a tool for managing funds and accounts from your FXOpen Personal Area. Then follow these steps:

1. Log into your personal account My FXOpen;
2. Select the required type of trading account;
3. Check out the regulatory documents;
4. Fill out the account opening form.

If the process is successfully completed, you will see the registration data of your new trading account.

To start trading, fund your trading account through any of the available payment systems and install the MetaTrader trading terminal or use the Web Trader web terminal.

More information about opening a trading account can be found here.

FXOpen also provides its clients with the opportunity to open a free demo account FXOpen Demo, which allows trading in real conditions without the risk of real money losses, since trading is carried out with virtual money.

Open FXOpen’s Account for free

Comparison of FXOpen’s Account Types

FXOpen is one of the most successful and fastest-growing Forex brokers worldwide.

FXOpen offers its clients favorable trading conditions, reliable order execution, and the latest technological developments.

A Forex trading account is an account in the broker’s network from which transactions are made in the market.

FXOpen offers several types of accounts for clients with different experiences, from beginners to professional traders.

Make a choice in favor of an account, the conditions of which are best suited to your trading style, starting capital, and willingness to take risks.

Both a professional trader and a beginner can open a Forex account at FXOpen.

Below are the main features of various types of Forex accounts, as well as a table with comparative characteristics of accounts.

Go to FXOpen’s Official Website

What is FXOpen’s ECN model?

When trading on the ECN model, traders are given the opportunity to have real access to the interbank market.

Counterparties for transactions in this case are other traders, banks, funds.

FXOPEN ECN is based on a unique technological solution for conducting margin trading operations on the international FOREX market.

Participants can be banks, centralized exchanges, companies that provide their services on OTC FOREX (Over The Counter Market), as well as private investors.

FXOPEN specializes in providing its clients with institutional liquidity and flawless instant execution.

The highest priority for the company is to maintain the confidentiality and security of personal information about FXOpen’s partners and clients.

ECN trading is suitable for professional traders and traders who prefer the scalping method.

When trading this model, trades are executed according to the “Market Execution” system, which guarantees almost 100% execution of the order, but the transaction price can differ both upward and downward.

All FXOPEN ECN members:

• have equal rights in the implementation of transactions;
• all operations are carried out in compliance with the principle of complete transparency;
• each client, regardless of the size of the balance, can be both a Supplier and a Consumer of liquidity.

Using such a business model of ECN organization and FXOPEN technology, the company can provide its clients with the opportunity to use the aggregated liquidity of a large number of participants in the international FOREX market.

This allows clients to perform transactions with significant volumes in automatic mode with instant execution of transactions.

FXOPEN ECN is a practical application of the modern approach to liquidity aggregation in the FX industry.

The created unique technologies allow FXOpen to provide all participants in this market segment:

• Narrow spread;
• ECN liquidity;
• Deep Liquidity;
• Fast execution.

Open FXOpen’s Trading Account

Why is it profitable to trade with FXOpen?

Reliability

FXOpen Markets Limited is registered in Nevis. FXOpen is a member of the International Financial Commission.

Become a Successful Trader

A reliable ECN / STP broker does not allow a conflict of interests. Trade with the confidence that FXOpen cares about your best interests.

Make your money work

Trade with spreads from 0 pips and commissions from $ 1.50 per lot. Trading on an ECN account is the most profitable in the Forex market. Trade without fixed spreads or extra pips.

Ultra-fast execution

Your trade is executed instantly through various liquidity providers that transmit prices in real time. Apply for a free VPS (see Terms and Conditions) to expand your trading options.

Trading strategies

High-frequency trading, all types of advisors (EA) and scalping – any strategy is available.

200+ trading instruments

Trade CFDs on Forex, Indices, Oil, Gold, Stocks and Cryptocurrencies on the MT4, MT5 and TickTrader platforms.

FXOpen is one of the leading and fastest-growing Forex brokers in the world.

FXOpen offers its clients attractive trading conditions, fast and error-free order execution, as well as the most advanced and innovative technological trading solutions.

Visit FXOpen’s Official Website

History of FXOpen

Unlike many brokerage companies founded solely for commercial purposes, FXOpen was founded by a group of traders and has come a long way from a training center to a successful and rapidly developing world-class Forex broker.

The company was founded as an educational center offering training in technical analysis of financial markets.

In 2005, the urgent need for fair and affordable brokerage services prompted an expansion of the spectrum.

Since then, the company has been actively developing with the aim of improving the trading conditions for its clients and today it is one of the most client-friendly brokers.

2003

Opening of an educational center for training in technical analysis of financial markets.

2005

The beginning of the provision of brokerage services.

2006

The company became the first broker to provide Micro Accounts and Islamic Accounts that do not contradict Sharia law.

2009

For the first time in the Forex industry, the company has implemented the MT4 trading platform with the ability to trade ECN in combination with a minimum trade volume of 0.1 lots.

The introduction of the trust management service – PAMM.

The company was honored with the Broker of the Year 2009 and Best Broker in the Middle East and Asia 2009 awards.

2010

FXOpen reduces the minimum spread on ECN accounts to 0 pips.

Launched a large-scale collaboration program and the first customer relationship management system.

The company entered the top 100 best companies in the rating of the World Finance magazine.

Received the Falcon Award for Best Trading Platform.

2011

Launch of the ForexCup competition for traders.

Received an award from World Finance magazine in the nomination “Best FOREX Broker of Australasia in 2011”.

Received three awards from the IB Times Trading Awards for Best Islamic Broker in FOREX 2011, Best FOREX Broker in Southeast Asia and, Best ECN FOREX Broker.

2012

The company was recognized as the best ECN broker in 2012 according to the independent rating of the International Trading Academy Masterforex-V.

FXOpen’s MT4 ECN trading platform was awarded the Gold Medal for Most Popular Product at the 9th Shanghai Money Fair.

2013

Launch of the One-Click Trading and Level2 Plugin in order to simplify the work with orders in the MT4 trading platform.

FXOpen Ltd, a company of the FXOpen Group of companies, has been licensed by the Financial Services Authority (FSA), UK, registration number 579202. The company opened an office in London and a UK website.

A new type of account has appeared – STP, with the ability to trade with ECN liquidity with a deposit of only $ 100.

Implemented verification, confirmation of transactions and notifications to customers via SMS.

Added new payment systems – Money Online, Yandex.Money and regional bank transfers, Neteller, Netbanx Asia, OneCard and withdrawals to credit and debit cards.

Implemented a system for processing customer requests through the support portal.

Within the framework of the ForexCup project, large regional Forex championships were held – the Asian Championship, the Russian Championship and the Chinese Championship.

2014

At the entrance to the Personal Account, secure two-factor authentication is implemented through the Google Authenticator application and SMS.

A new type of account Crypto was launched, private and corporate B2B clients were provided with a feed and the ability to trade Bitcoin, Litecoin and Namecoin cryptocurrencies through Meta Trader.

2015

Launching CFDs on ECN accounts.

Launch MT4 Webtrader, MT4 online version (no additional download and installation required).

Entering a minimum lot size of 0.01 on ECN accounts.

Reducing the minimum deposit for ECN and PAMM accounts. Starting from 2015, you can open an ECN or PAMM account with a minimum amount of USD 100 or USD 200, respectively.

Following the CHF crisis in January 2015, FXOpen changed five liquidity providers on FXOpen’s list to ensure that all clients receive only high-quality liquidity from reputable providers.

2016

The FXOpen Analytics trading analytics service has been launched.

Import of trading history from Myfxbook is implemented on the FXOpen PAMM service.

ECN accounts can now be opened in Bitcoin.

Added new cryptocurrencies ETH, Dash.

A new ePayments payment system has been added and a branded debit card FXOpen ePayments prepaid MasterCard has been released.

2017

Launch of the 90-day Cashback program, thanks to which traders can receive a refund on their own trades, including losing ones.
Improved Affiliate Program with increased payments for agents.

Launch of PAMM-Crypto Accounts, which allow PAMM Providers and their Subscribers to invest in the growing and highly liquid cryptocurrency market.

Funding and withdrawing funds via Tether is a cryptocurrency, the value of which is pegged to the US Dollar. Tether allows transactions with USD and EUR equivalents using Blockchain technology.

Funding and withdrawing funds using the most popular mobile payment systems in China – Alipay, WeChat Pay and ChinaUnion Pay.

2018

ECN accounts were launched based on the MetaTrader 5 terminal.

Introduced multi-factor authentication and confirmation of actions in the Personal Account through the Google Authenticator application, SMS messages, confirmation by e-mail or backup codes. The account verification procedure has also been improved.

FXOpen received a certificate of high quality of order execution from the audit company VerifyMyTrade and the international financial commission The Financial Commission.

Added new pairs with cryptocurrencies Bitcoin Cash, Ethereum Classic, EOS, Monero, NEO, IOTA, OMNI, etc. Now FXOpen offers only 43 cryptocurrency pairs on Crypto accounts.

SWAP on Crypto accounts has been reduced to 10%.

Added new deposit options via bank transfer for traders from Asia and Africa. Emercoin deposits and withdrawals are now also supported.

2019

Launching PAMM ECN accounts on the MetaTrader 5 platform.

Widgets with information about the trading account in the FXOpen Analytics service for free placement on the Internet.

Improvement of the verification procedure. The conditions for calculating bonuses have been changed: “Welcome bonus (for Micro account)” and “No deposit bonus for STP accounts”.

Direct deposits/transfers/withdrawals to/from a trading account in My FXOpen: thus Internal transfer is performed automatically by the system.

Transfer of funds from/to a trading account directly, without making an internal payment by the user.

The campaign for replenishment of funds without commissions (with the exception of Bank Transfer) lasted for 5 months, which allowed many traders to save money spent on commissions ranging from 0.5% to 6% of the account replenishment amount. Special offers from FXOpen, designed for both new users and regular clients of the company: “Black Friday” and “Trade with 0% commission on winter holidays”.

2020

New account type for trading cryptocurrencies – Crypto 10 account currency (USD, EUR, GBP, RUB, JPY), min. deposit ($ 10), leverage (1:10), commission (0.25% per semicircle).

International method of replenishment and withdrawal of funds by AstroPay Card, virtual prepaid card.

Launch of the state-of-the-art trading platform – TickTrader. The platform brings together the five most popular financial asset classes (Forex, Stocks, Commodities, Indices and Cryptocurrencies) in a universal ECN TickTrader account.

Offer for new clients who have registered with FXOpen and have received Level 1 eWallet verification – 10 USD No Deposit Bonus for ECN TickTrader accounts.

New payment methods for customers around the world: AdvCash, CASHU, local transfers for Latin America (Rapipago, OXXO, Boleto Bancário) and others.

Adding Hong Kong 50 to the list of CFD Indices, which tracks the daily price movements of the largest companies listed on the Hong Kong Stock Exchange (SEHK).

CFD Indices Commissions are calculated as a percentage of the trade volume.

Implementation of a mechanism to reduce the capital losses of Subscribers in the event of unprofitable trading on a PAMM account – limiting the drawdown of a PAMM account.

Commission-free replenishment promotion starting March 2020. Learn more about current commissions.

Go to FXOpen’s Official Website