The ECN alternative features a spread as low as 0.1 pips with a commission of merely $1.50 per lot. Swap rates on overnight leveraged positions apply, and third-party withdrawal fees exist. Corporate actions such as dividends and mergers impact equity and index CFDs; how they are processed remains unclear. It features genuine ECN pricing on the MT4/MT5 trading platforms, is highly transparent, and provides a shining example of a trustworthy, competitive trading environment. FXOpen offers a free demo account on xcritical cheating any of the platform options.

Why Choose FXOpen TickTrader?

The free VPS service further supports automated trading solutions; all accounts with equity above $5,000 or trading volume that exceeds $10 million per month can apply for this service. For a $30 monthly fee, traders who do not meet those requirements may also apply for the VPS service. FXOpen Broker stands out as a leading platform in the forex trading world, offering a range of services that cater to both novice and experienced traders. Established with a reputation for reliability and transparency, FXOpen has become a go-to choice for traders worldwide. With ECN accounts, forex commissions are charged based on the account balance. Nonetheless, traders with xcritical website an account balance less than $1000 will pay a $3.50 commission charge per lot traded.

Broker Types

Withdrawal times for bank wire transfers typically take one to three business days, whilst card payments can take between two to five working days. Although trading with significant leverage can increase profit prospects, it can also increase losses. Ensure you have appropriate risk management strategies in place.

This reduces to $1.50 per lot for those with an account balance of $250,000 or more. Similarly when we traded commodity CFDs, we incurred a commission charge of 0.005 for lower account balances and 0.0025% for a balance over $250,000. Crude oil and natural gas were charged at either 0.005%, 0.0025%, or 0.0018% per side, depending on the account balance. For cryptocurrency CFD accounts, the commission is 0.5% per side. I would like to share my experience.I have been actively trading on FXOpen for the last three years. FXOpen, known for its highly competitive spreads, has proven to be the best choice for me as a scalper.

1. The 535 US equity CFDs account for the bulk of assets, complemented by nine index CFDs.
2. You may upload your docs through the personal data section at My FXOpen.
3. Try, Test and Experience live trading without any investment from your pocket.
4. Check the timezone in your area and published market opening times.

Choose your trading platform

FXOpen offers a $10 no deposit bonus (NDB) for the ECN TickTrader account and the STP PAMM accounts. There is also a $1 welcome bonus for Micro accounts and a ForexCup Trading Contest bonus, subject to demo contest terms and conditions. FXOpen offers all of its trading platforms (MT4, MT5, TickTrader, & TradingView) as mobile apps, compatible with iOS and Android smartphone and tablet devices. FXOpen’s TickTrader platform is a state-of-the-art trading solution that combines all major financial markets under one account. Whether you’re interested in Forex, Metals CFDs, Commodities CFDs, Cryptocurrencies, US Stocks CFDs, or Indices, TickTrader offers it all.

Once that’s done, open a new TickTrader ECN account, and the $10 bonus will be credited to your account. No complicated steps, just follow these instructions and start trading. The support team can help with several issues and questions including e-wallet and Bitcoin deposits, withdrawal problems, and proof of address queries.

European traders will be registered under the FXOpen EU entity with regulation from the Cyprus Securities and Exchange Commission (CySEC). Until personal information will be verified, the status “Not verified” will be shown in your My FXOpen area. To verify the data, you will need to upload scans of your documents. You may upload your docs through the personal data section at My FXOpen. You should scan or take a photo of 2 documents that may approve your identity and your residential address. As always, the usual national passport, international passport, or driver’s license may be used to verify the identity.

Is FXOpen a good broker?

We are confident the platform provides all the features needed for both beginners and experienced traders. When we used FXOpen’s platforms, we were pleased with the relevant device compatibility. All terminals can be used directly through major internet browsers as a webtrader, downloaded to desktop devices or used via mobile apps. At FX Open, traders have access to a large list of financial trading instruments. According to the terms of the FXOpen offer, the bonus is credited to the first TickTrader trading account only.