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Overview

FXOpen Company was founded in 2003 and initially played the role of an educational center, where it was possible to study thoroughly the technical analysis, which allowed trading profitably on the international foreign exchange market. The company decided in 2005 to enter the global market with brokerage services and it was done. Tending to provide only quality services and favorable working conditions on the Forex market, FXOpen offered in 2006 one of the first among brokers to traders to trade using microaccounts and Islamic accounts.

FXOpen introduced the first trading platform Meta Trader 4 with the possibility of ECN in 2009, which allowed it to become "The Best Broker of Asia and the Middle East" based on the results of the year and gain recognition at the international exhibition "The Best Broker of the Year".

Based on the results of 2012, the broker took the second place among the global brokers as services provided by it were highly appreciated by the experts of the financial markets.

Nowadays the broker provides all users with passing free training of trading on the foreign exchange market, as well as taking part in regular contests, where every month $10,000 is held. In addition, FXOpen encourages new customers with good Forex bonuses for the replenishment of the deposit and regular customers receive bonuses for trading on the foreign exchange market.

Bonuses

FXOpen offers a variety of Forex bonuses to its customers and every trader can receive them, conducting certain conditions prescribed by the broker.

Welcome bonus Micro is intended for new customers of the broker, who open trading accounts Micro and replenish the deposit in the minimum amount of $1. Forex bonus will be in this case $1 and it will be available for withdrawal when a novice trader commits trade turnover of 100 microlots.

Welcome bonus Standard is available for new customers who open a trading account standard after sign-up. After making a deposit of at least $25, Forex bonus in the amount of $25 will be accrued to customers, but it is necessary to make a turnover in the amount of 10 lots on the foreign exchange market to make it available for withdrawal.

Forex bonus for 1000 microlots can be received by customers of FXOpen if they open a trading account Micro and commit the trade turnover of up to 1,000 microlots. As soon as the turnover of 1,000 microlots is reached, the broker will pay to the account of the trader the bonus that comprises $100.

Forex bonus for 10 lots is available for any customer of the broker if he opens standard trading account and makes trade turnover of 10 lots. After fulfilling the conditions of the broker, the bonus of $100 will be accrued to the trader, which can be used both for currency pairs trading and for withdrawal from the account.

Customers can also take part in contests of the ForexCup traders, which are held periodically on demo accounts. Monthly more than $10,000 is drawn in contests and every trader can receive a part of the prize pool. The purpose of competitions is to earn the highest profit on the Forex market for a certain period of time.

In addition, customers of FXOpen can receive Forex bonuses for posts on the broker's forum. Customers who write the best posts will get from the broker a bonus of 10 dollars, which can be withdrawn from the account after the commitment of at least five transactions on the foreign exchange market.

Training

FXOpen gives the opportunity for everyone to pass free training of trading on Forex with the help of the materials available on the site of the broker in the training center.

Users can start from simple to complex, i.e. the first course to be mastered is "Forex for Novice Traders", then the course "Methods of Trading and Different Approaches," and finally the course "Forex Trading Strategies".

Course Forex for New Traders:

- what is the Forex market

- how to start earning on the Forex market

- how to play on Forex

- how not to lose the first deposit

- mistakes of the novice trader

- preparation for currency pair trading

- forty basic rules for successful trading

- contest trading

- terms of the foreign exchange market.

Course Methods of Trading and Different Approaches:

- trading platform 4

- basic methods of technical analysis

- psychology in technical analysis

- wave analysis

- Japanese candlesticks and alternative views

- double tops

- head and shoulders

- locking (advantages and disadvantages)

- fundamental analysis

- philosophy of the samurai.

Course "Trading Forex strategies":

- trading system for beginners from Naughton

- simple trading system that makes profit

- trading system "Strength"

- trading system "Three Ducks"

- trading system "Trend Follower"

- trading system based on the oscillator and the moving

- trading system based on two movings

- trading system based on option levels

- daily scalping.

Terms of trading

Broker FXOpen offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $1

- the leverage is from 1:1 to 1:500

- forty nine currency pairs, securities, gold, silver, futures)

- spread is fixed from 2 to 4 points (for basic currency pairs)

MetaTrader 4

- multi-language support

- Instant Execution order

- a wide range of Forex indicators

- MetaQuotes Language 4 (operations with trading Forex advisors)

- quotes export via DDE

- charts printing.

Customers of the broker can choose for trading on the foreign exchange market one of several accounts, depending on the funds they are willing to invest.

Trading account Micro:

- the minimum deposit is $1

- the maximum balance is $3,000

- currency quotes - 4 digits after the decimal point

- the leverage is from 1:1 to 1:500 (while exceeding the maximum balance on the account the leverage is reduced 100 times)

- spread is fixed from 2 to 4 points

- the maximum number of open positions is 100.

- the minimum volume is 0.1 microlots (100 units of the base currency)

- the maximum volume is 1000 microlots

- the usage of Forex advisors is available

- scalping is available

- hedging is available

- no commission.

Trading account standard:

- the minimum deposit is $25

- the maximum balance is not limited

- currency quotes - 4 digits after the decimal point)

- the leverage is to1:500 (if the balance is up to $25,000) and to 1:200 (if the balance exceeds $25,000)

- spread is fixed from 2 to 4 points

- the maximum number of open positions is 100.

- the minimum volume is 0.1 lots (10,000 units of the base currency)

- the maximum volume is 1000 lots

- the usage of Forex advisors is available

- scalping is available

- hedging is available

- no commission.

Trading account ECN:

- the minimum deposit is $1000

- the maximum balance is not limited

- currency quotes - 5 digits after the decimal point

- the leverage is from 1:1 to 1:500 (if the balance is up to $25,000), to 1:200 (if the balance is up to $100,000), to 1:100 (if the balance is up to $1000000)

- spread is floating from 0 points

- the maximum number of open positions is 100.

- the minimum volume is 0.1 lots (10,000 units of the base currency)

- the maximum volume depends on liquidity

- the usage of Forex advisors is available

- scalping is available

- hedging is available

- market depth is available

- commission is $2,5 for $100,000 of trading turnover.

Trading Account PAMM is an account that is designed for managers who take funds of customers in trust management. The trading conditions are chosen by managers and they may be similar to trading accounts Standard or ECN.

Forex indicators (recommended)

- Price Channel

- VininI LRMA color

- Moving Average

- Day Implus

- Ind TD DeMark.

Forex expert advisors (recommended)

- Gepard 5.0 (an automatic Forex advisor that has number of settings, which allow setting it up at any distance and trading on any currency pairs, making a profit)

- Forex EA Better (an automatic Forex advisor based on the neural network and it allows self-learning based on the history of transactions and it allows making the right decisions in the future while trading on the foreign exchange market)

- Profit FIXATOR (an automatic Forex trading advisor that has proven to be very effective in the intraday trading, but can also be used at long-term distances, after changing the settings).

Investments

All customers of FXOpen can invest their funds in successful managers who take funds of investors in the trust management for a certain interest. Managers use for trading on the Forex market PAMM-accounts that allow investors to be aware of all the actions of the trader, who works with their money.

Unique features

FXOpen enables its customers to earn good money using the affiliate program that has several directions.

Multilevel Affiliate Partnership is for new partners and users, who communicate actively in social networks.

IB-broker will suit the owners of forums, blogs and thematic sites, as well as those who already have an own small base of customers.

Regional Representative may be any natural or legal person, ready to open the Representative Office of FXOpen in the region, and to promote the company's brand, attracting new customers and, if necessary, providing training.

White Label is a direction for brokers with their own considerable base of customers, for financial institutions, banks and those who are willing to open their own business using technologies of the FXOpen Company.

Add/withdraw funds

FXOpen offers the following methods of deposit and withdrawal of funds: VISA, Maestro, MasterCard, UnionPay, QIWI, WebMoney, Yandex Money, RBK Money, intellect money, Skrill, Payza, cashU, fasapay, DIXIPAY, Money Online and bank transfers.

Contacts

FXOpen provides its customers with the comprehensive support via online chat, phone number 8-800-555-94-94 (calls are free for Russia), as well as by e-mail for new and potential customers - [email protected], technical support - [email protected], questions about payments - [email protected]

Cons and pros

+ the popular world renowned broker

+ the minimum deposit is $1

+ small spread

+ good leverage

+ many promotions and contests

+ a lot of learning materials.

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