FXOpen is a new Forex brokerage company and it is not yet well known in the market.This FXOpen review 2022 review will hopefully give you an insight into this company, to help you decide whether this is a good place to begin your Forex trading experience.
What is FXOpen
FXOpen is a UK based forex broker founded in 2010 and specializes in providing forex trading and CFD trading solutions to individuals worldwide. The company is licensed and regulated by the Financial Conduct Authority (FCA). We do all the hard work so you can concentrate on your trading activity. FXOpen is a team of professionals and we have extensive experience producing market leading platforms, trading systems and support solutions. We strive to eliminate all unnecessary costs, so we pass on the savings to you. With FXOpen you can trade at no additional cost, for as long as you want, with no spreads or commissions. We strive to give our clients the freedom of choice and we don’t bind them to any particular trading conditions. You also have the freedom to withdraw any amount of your initial deposit, at any time. Not only do we provide everything you need to jumpstart your trading career, but we also provide access to a wide range of educational material, which will help you succeed in the forex market.
Things you need to know before trading with FXOpen
Do you know that FXOpen has a retail trading account? Yes, FXOpen has a retail account that is best suitable for beginner traders. To trade with FXOpen, you need to pay a commission fee of $5, though it is $10 for the institutional traders. You can accumulate the charges and get the commission profit back when you trade with FXOpen. What else do you need to know before you trade with FXOpen? You need to know that you can gain 0.5 pips per every pip you lose in your trading. It is similar to margin trading where you should pay 1:1 of the loaned fund. Although this does not guarantee that you can make money, at least FXOpen gives you the chance to trade.
The future of FXOpen
We are always looking out for new clients and traders who would like to join our institution. We have been around for a long time and slowly but surely, our beginnings are not evident in our current state. We are willing to accept new traders and keep our old valued clients and develop a level of trust and a name that we can stand and be proud of. Our plans for the future of FXOpen is to further our outreach by setting up branches in various countries so that we can offer our various services to more clients.
A lot of beginner investors try to trade Forex, but they don’t do their homework. They open an account with a broker like FXOpen without doing the proper research and end up losing money. Forex is not a get-rich-quick scheme, it takes knowledge and practice. If you’re interested in trading Forex, please read the following blog post to learn more about Forex trading and the benefits of using FXOpen.