Thread: FXOpen News

FXOpen

2003 – Opened as an educational center of technical analysis.
2005 – Opened its brokerage service.

Regulations: FXOpen NZ Limited is duly registered with the Financial Service Provider Registry in New Zealand (FSPR License Number: FSP192685) and is a member of the Financial Dispute Resolution Scheme as obligated by law. FXOpen AU Pty Ltd (based in Sydney, Australia), one of the companies within the FXOpen Group of Companies, is regulated by ASIC (Australia)
Broker’s status: Independent broker

US clients: are not allowed
Islamic Accounts: SWAP-free accounts for Muslims

Trading platform: Meta Trader 4; Meta Trader 4 for ECN; mobile apps for iPhone, Android, Windows Mobile.
Deposit/Withdrawal: Moneybookers; WebMoney; RBK Money; Wire Transfer; FasaPay (payments in Indonesian Rupiahs); cashU; c-Gold; Payza; W1; Top Up Card; convenient payment methods for some regions (Latin America, Mexico, Malaysia, Iran, Indonesia, China, Thailand).

Bonuses:

• Welcome Bonuses;
• 10 lots bonus for a Standard account;
• 1000 microlots bonus for a Micro account;
• Bonuses for participation in ForexCup contests;
• Forum bonuses

Read more here.

Partnership program:

• Multilevel;
• Various partnership proposals;
• Loyalty.

Read more here.

Trading terms:

1. Micro Account:

Account currency: USD;
Financial instruments: 28 currency pairs, gold, silver;
Minimum Deposit: USD 1;
Minimum Transaction Size: 0.1 Micro lot (100 units of the base currency) with approx. 1 US Cent per 1 pip;
Maximum Transaction Size: 1000 Micro lots;
Spreads: Fixed. From 2 to 4 pips on the major currency pairs;
Commissions: No commissions to open/close a trade.

1. Standard Account

Account currency: USD;
Financial instruments: 28 currency pairs, gold, silver;
Minimum Deposit: USD 1000;
Minimum Transaction Size: 0.1 lot (10,000 units of the base currency) with an incremental lot of 0.01. 1 pip = approx. 1 USD;
Maximum Transaction Size: 1000 lots;
Spreads: Fixed. From 2 to 4 pips on the major currency pairs;
Commissions: No commissions to open/close a trade.

1. ECN account

Account currency: USD;
Financial instruments: 49 currency pairs, gold, silver;
Minimum Deposit: USD 25;
Minimum Transaction Size: 0.1 lot (10 000 units of the base currency) with an incremental lot of 0.01. 1 'fractional' pip with 0.1 lot = approx. USD 0.1;
Maximum Transaction Size: Depending on the available liquidity;
Spreads: Floating depending on the buy and sell orders in the Marketplace. The minimum spread for all pairs from 0 pips;
Commissions: USD 2.5 for 100,000 (1 Lot) for accounts with Net Deposit up to USD 50 000;
USD 1.8 for 100,000 (1 Lot) for accounts with Net Deposit higher than USD 50 000.

1. PAMM accounts
2. PAMM Standard

Account currency: USD;
Financial instruments: 28 currency pairs, gold, silver;
Minimum Deposit for Investors: Depending on the PAMM Manager Offer conditions;
Manager’s Capital: To create a PAMM account: USD 200; AUD 200; EUR 200; GBP 200; CHF 200; JPY 20,000; RUB 6,000;
To create a Manager's offer and be able to accept investors: USD 1,000; AUD 1,000; EUR 1,000; GBP 1,000; CHF 1,000; JPY 100,000; RUB 30,000;
Minimum Transaction Size: 0.1 lot (10,000 units of the base currency) with incremental lot of 0.01. 1 pip with 0.1 lot = approx. USD 1;
Spreads: Fixed. 2-4 pips on the major pairs;
Commissions: No commissions to open/close a trade.

1. PAMM ECN

Account currency: USD;
Financial instruments: 49 currency pairs, gold, silver;
Minimum Deposit for Investors: Depending on the PAMM Manager Offer conditions;
Manager’s Capital: To create a PAMM account: USD 1,000; AUD 1,000; EUR 1,000; GBP 1,000; CHF 1,000; JPY 100,000; RUB 30,000;
To create a Manager's offer and be able to accept investors: USD 5,000; AUD 5,000; EUR 5,000; GBP 5,000; CHF 5,000; JPY 500,000; RUB 150,000;
Minimum Transaction Size: 0.1 lot (10,000 units of the base currency) with incremental lot of 0.01. 1 'fractional' pip with 0.1 lot = approx. USD 0.1;
Spreads: Floating depending on the buy and sell orders in the Marketplace. The minimum spread for all pairs from 0 pips;
Commissions: USD 2.5 for 100,000 (1 Lot) for accounts with Net Deposit up to USD 50 000;
USD 1.8 for 100,000 (1 Lot) for accounts with Net Deposit higher than USD 50 000.

1. FASS Standard

Account currency: USD;
Financial instruments: 28 currency pairs, gold, silver;
Minimum Deposit: USD 100;
Minimum Transaction Size: 0.1 lot (10,000 units of the base currency) with an incremental lot of 0.01. 1 pip = approx. 1 USD;
Maximum Transaction Size: 1000 lots;
Spreads: Fixed. From 2 to 4 pips on the major currency pairs;
Commissions: A commission of 1.75 pips is charged on all pairs and is payable to Mirror Trader.

1. FASS ECN

Account currency: USD;
Financial instruments: 49 currency pairs, gold, silver;
Minimum Deposit: USD 1000;
Minimum Transaction Size: 0.1 lot (10 000 units of the base currency) with an incremental lot of 0.01. 1 'fractional' pip with 0.1 lot = approx. USD 0.1;
Maximum Transaction Size: Depending on the available liquidity;
Spreads: Floating depending on the buy and sell orders in the Marketplace. The minimum spread for all pairs from 0 pips;
Commissions: USD 13.5 for 100,000 (1 Lot) for accounts with Net Deposit up to USD 50 000;
USD 11.6 for 100,000 (1 Lot) for accounts with Net Deposit higher than USD 50 000.

FXOpen announces the below updates of PAMM Service. We hope Investors and PAMM Managers will find these updates useful.

1. Intraday Gain Chart.
Now the clients of FXOpen have a possibility to watch the Intraday Gain and Level of Exposure (Margin/Equity) of those PAMM accounts they are interested in. The Intraday Gain Chart is updated once a minute.

IntradayChart.jpg

Learn more about Intraday Gain Chart.


2. Investor's Offer.
Due to this update Investors can suggest their own investment parameters to the PAMM Manager.
Learn more about Investor's Offer.


3. Agent Commission.
In addition to FXOpen refferral program you can get a remuneration from PAMM Managers. All you have to do is to attract Investors: an Investor joins some PAMM account - you get the Agent commission from its Manager.
Learn more how to get an Agent Commission.

4. Multicurrency PAMM Accounts.
Now it's possible to open a PAMM account in the following currencies: USD, EUR, AUD, RUB, JPY, GBP.

5. Private PAMM Accounts.
A Manager can make his/her PAMM account private, i. e. the PAMM account will not to be listed in the PAMM Accounts Rating.
Learn more how to make your PAMM account private.

6. TOP 10 PAMM Investors.
The new TOP-10 PAMM Investors rating contains the list of the most successful Investors' accounts. It can help you to estimate the Manager’s work and select a PAMM account for investments.
Learn more about TOP 10 PAMM Investors.

FXOpen, one of the leading brokers in the Forex market, is glad to announce the update of the Level2 application. A new tool - One Click Trading Level2 Plugin - has been developed to facilitate the order management process in the MT4 trading platform.

The new plugin provides greater accuracy and higher speed of execution. It’s a huge advantage especially when it comes to highly volatile markets associated with risk-taking and sharp price movements.
You can learn more about the features of the new product in FXOpen Help.

One Click Trading Level2 Plugin is an absolutely unique instrument. It helps to capture the best price with just a single click and generally simplifies the whole process of trading in MT4. The plugin makes it possible to perform the following operations:
•place Buy/Sell orders;
•close orders;
•set order volume;
•set Stop loss and Take profit values;
•create pending orders;
•access the Market depth;
•display the value-weighted average price (VWAP).

One Click Trading Level2 Plugin is extremely valuable and can be regarded a real breakthrough in the Forex industry. Experienced traders will appreciate its advantages as the product enables to apply less effort. One click instead of 5 or more steps to make the necessary adjustments in the platform helps not only to save your time but to secure your profits.

Download One Click Trading Level2 Plugin

For more information follow the discussion on FXOpen Forum.

FXOpen Ltd Gets FSA Regulation

FXOpen Ltd, part of FXOpen Group of companies, is glad to announce the acquisition of FSA license. From now on, FXOpen Ltd is duly regulated by the Financial Services Authority in the UK and will strictly comply with its requirements. The firm is authorized under firm reference number 579202.

FXOpen long experience in the Forex market has proved the company’s status as one of the leading brokers, providing top-level services in the industry. The broker has always been guided by its customers’ interests as the basic principle of its work and will seek to continue offering them better tools and solutions for successful trading.

Within the framework of the trader-oriented campaign, FXOpen has acquired the FSA license for its subsidiary company - FXOpen Ltd. It has been done to protect its customers’ funds and make them feel safe and secure. Any customer has the right to address the Financial Ombudsman Service or the Financial Services Compensation Scheme with any issues he/she may have.

Being trusted by the customers is the broker’s highest priority.



Best Regards,

FXOpen NZ Limited

Customer Service

E-mail: [email protected]

FXOpen Live Chat (24/5)

FXOpen is glad to announce the update of One Click Trading Level 2 Plugin that has been recently launched by the company. A new tool has been introduced to improve accuracy and speed of order execution, while its updates are expected to optimize the whole process of trading in the MT4 platform.

New features of the instrument:

- ability to store/restore the plugin startup settings;
- floating or drag&dropping panel;
- customized transparency for panel window;
- switching between lot/mio volumes;
- refactored dropdown menu;
- settings window;
- symbols with postfix.

The improvement of VWAP mode visibility increased the overall stability of the plugin and enhanced its performance. The developers have also fixed some minor bugs, detected at the testing stage.

One Click Trading Level2 Plugin is essential for every trader regardless of his/her level of experience in the Forex market. The instrument is equipped with all the necessary features for order management and Depth of Market indication.

Download One Click Trading Level2 Plugin.

For more information about the product updates, please, see FXOpen Help.



Best Regards,
FXOpen NZ Limited
Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)

FXOpen Promotion: Enjoy Deposits with No Fees All Summer Long



FXOpen introduces the no commission deposit incentive for the whole summer 2013.

From June 1st till August 31st 2013 no commissions will be charged for the deposits to FXOpen accounts made by credit/debit cards or via any online payment system available with FXOpen.

Deposit commissions normally vary within 0.5 – 6% range and they will be covered by FXOpen this summer.

This unprecedented promotion is related to online payment systems and credit/debit card deposits.

FXOpen now offers a wide range of payment systems. The list of available options has been significantly enlarged recently and now includes such payment processors as Skrill (former Moneybookers), Payza, WebMoney, Yandex.Money, QiWI Wallet, Elecsnet, Dengi Online, Dixipay and others.

This offer is our way to say thank you for choosing FXOpen and to wish you good luck in trading this summer!



Best Regards,
FXOpen NZ Limited
Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)

*This promotion does not cover deposits made by wire transfer.

Contest on OneClickTradingLevel2 Plugin User Reports from FXOpen

FXOpen announces OneClickTradingLevel2 plugin user reports contest!

OneClickTradingLevel2 plugin (OCTL2) is an application aimed to facilitate the process of Forex trading via the MT4 platform. It helps execute an order at the best available price with just a single click. The tool was released by the company in late February 2013.

To become a contestant you’re required to make a report on how you apply this instrument. You also need to describe what results you’ve achieved or plan to achieve by means of the tool, as well as what features appeal to you most and why. You can also suggest alternative or additional options to improve the OCTL2 operation.

There are no restrictions on the format of the reports. Shoot an interesting video about your trading activity with the help of plugin, draw a comic strip or an infographics - and it may be you who’ll win the main prize!

Authors of the best 3 reports will be awarded with the following prizes:
1st place - $500
2nd place - $300
3rd place - $100
People's Choice Award - $100

All the details in this FXOpen forum thread.

FXOpen, together with ForexCup, are happy to announce the results of the biggest Asian regional Forex contest – Asian Forex Championship.




The competition was held from May 27th to July 19th and was open to residents of Asian countries only. The Championship was a hit with approximately 1600 participants, fighting for impressive main prizes and bonuses worth somewhere around US$10,000. The bonus fund was divided between 163 successful traders, who managed to increase their initial deposits by 50% or more, in accordance with contest rules.

The first three prize-winning places were taken by the strongest Asian traders! Indonesian trader Ariful Miftakhuddin was awarded the title of the Best Asian Trader with a PAMM account worth US$3,000 as his prize.
Malay trader Farid Ikram Ahmad Zabidi and Sharif Abughazaleh from Jordan came in second and third. Both of them were awarded with PAMM ECN accounts worth US$2,000 and US$1,000 respectively.

FXOpen would like to take this opportunity to congratulate all participants, bonus-holders and prize-winners on good results and invites them to join future Forex contests at ForexCup.

15th August was the deadline for submission of entries for the OneClickTradingLevel2 plugin user reports contest, held by FXOpen.

Today we are ready to announce the results of the competition and name the winners.

It should be noted that the OCTL2 plugin report contest differs from the rest competitions arranged by the company. It was held to get the response of the audience on the use of this innovative product with intention to further develop and improve it. We were happy to get the reports from the plugin users and are very grateful for their impressions on the plugin operation. All the recommendations will be considered and implemented when updating the instrument.

There were 5 interesting and unique reports altogether in the contest. They described the plugin from different angles with the focus on various characteristics.

FXOpen representatives analyzed the submitted works and placed the winners as follows:
1st place – US$500 – Serega
2nd place – US$300 – ForexShawn
3rd place –US$ 100 – Usman

US$100 went to Triyono (an equivalent of People's Choice Award) for the video report on the OCTL2 plugin.

We remind you that all competitors’ works are available in the company’s blogs:
http://blog.fxopen.com/topics/oneclicktradinglevel2/
http://blog.fxopen.ru/tema/oneclicktradinglevel2/

We congratulate all the participants and wish them success in trading!

We hope that OCTL2 plugin will largely facilitate your activity in Forex.

We also remind you that FXOpen launches a new contest on 1st September – Forex Article Contest. It is your chance to demonstrate your talents and fight for the prize money. Join the competition and your effort will be rewarding. Good luck!

FXOpen Moves to STP Accounts

FXOpen is delighted to announce the introduction of a new type of accounts – STP. This trading account has been developed with the help of durable and successful collaboration with the company’s clients and partners with the firm paying due attention to their requirements.

The key feature distinguishing this type of account from ECN/STP is that commission paid to the broker is included in the difference between the Best BID and the Best ASK prices i.e., spread. It is not the only distinction however, since each order goes to the market for execution, all clients could benefit by utilising the liquidity available.

In this regard FXOpen customers, trading with REAL 1 server, will be moved to STP accounts. This action will be effective from 2nd September 2013. It should be noted that this does not apply to “Micro” accounts. Customers wishing not to work with this account type will have to liquidate their positions and open new “Standard” accounts in their MyFXOpen personal back office area within 2 weeks from the specified date.
Partnership programs for STP accounts will be announced by the company imminently. For further information follow the news line on our site.

Best regards
FXOpen NZ Limited
Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)