Then in 2005 it underwent transformation, becoming a full-fledged broker. FXOpen was the 1st company to introduce ECN trading on the MT4 micro forex fxopen ecn, back in 2009. Since then, they have grown their trading environment into a huge marketplace where the orders of professional traders, hedge funds, asset managers are matched against those of retail clients. This business model allows FXOpen to offer robust deep liquidity and consistent execution for all types of trading strategies, HFT and toxic flows included.
FXOpen’s technology is aimed at asset managers, professional traders and other brokers. Their client base consists of non-traditional retail clients combined with proprietary market-makers and institutional traders. The company now counts over 700,000 trading accounts and provides access to one of the biggest forex and Bitcoin liquidity pools marked by consistent execution and full trading transparency. To receive this offer: Register an FXOpen e-Wallet and open an STP trading account. Bonus withdrawal terms: The bonus is paid once to your first trading account. You cannot withdraw the bonus, but you can withdraw any profit after trading a minimum of 2 lots. You must trade 1000 micro lots to be able to withdraw the bonus.
As such, traders have zero risk of losing money, but they can win real cash prizes. Some contests are free and others require an entrance fee. FXOpen announces Xmas promotion, lower ECN account min. Please ensure that you fully understand the risks involved before you engage in such transactions. Forex and CFD trading is not suitable for investors who are not able to withstand losses greater than their initial deposit. ECN is an electronic communication network that links different participants of the Forex market: investment funds, banks, individual traders, etc.
To execute your order, the ECN technology micro forex fxopen aus through all orders placed by its participants in real time. Once it finds an opposite order with the matching price and enough volume, your order is executed. There are no intermediaries or dealers involved in the execution process. The ECN technology allows traders to specify the conditions at which they are ready to conclude the deal and the volume of the order is only limited by the market liquidity.
This gives a trader the opportunity to easily execute large-volume orders. In ECN accounts, the trader gets the variable Interbank spread with no additional pips added to this price by FXOpen. However, Forex ECN trading is still more cost-efficient than trading on the Market Maker accounts with fixed and wider spreads. 6 units of the base currency for VIP ECN accounts. Trading commissions are a subject to review in case of high trading volumes.