Thread: FXOpen News

FXOpen Increases Margin Requirements for Turkish Lira

Dear Traders,
Due to increasing volatility of the Turkish Lira, FXOpen increased margin requirements for EURTRY and USDTRY up to 25 times their normal level starting from August 12th, 2018.
We will additionally inform you when margin requirements return back to their normal values.
Please, remember, that abnormal market conditions increase the risk of slippage.

Source: FXOpen_news

Hurry up! There are only two weeks left before the end of the promotion.

FXOpen Compensates 100 % of the commission for deposits

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FXOpen is pleased to announce a summer promotion that will let traders save money. From June 25 to August 31, the broker will be covering 100% of the commission to all company's clients for making deposits to their accounts via any payment system available (except for Bank Wire Transfer).

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Dear traders!


We remind you that there are six days left before the contest starts.
FXOpen broker invites you to take part in "PAMM School" - a free Forex competition for demo accounts. By joining the contest, you can not only try your hand at trading, but also compete for the real prize money and the right to join a competition on live PAMM accounts "Heroes of PAMM". The total prize fund of the contest is 4,000 USD. The competition starts on September 3. Registration is already open.


Details you can find visiting our site.

Changes to CFD Trading Hours due to US Labour Day

Dear Traders,

Please note that due to the celebration of Labour Day on Monday, September 3rd 2018 in the US trading hours for some financial instruments will be changed as follows:

• Forex pairs: normal trading hours;
  
• Metals: trading session ends at 20:00;
  
• Oil, Gas: trading session ends at 19:45;
  
• Indices:
  
  • Japan 225: until 20:00;
    
  • US SPX 500: until 20:00;
    
  • US SPX 500 (Mini): until 20:00;
    
  • US Tech 100: until 20:00;
    
  • US Tech 100 (Mini): until 20:00;
    
  • Wall Street 30: until 20:00;
    
  • Wall Street 30 (Mini): until 20:00.

Other indices will be traded without changes.
Please, consider this information when planning your trading for the upcoming week.


Source: FXOpen_news

Warning about fraudulent activities

Dear clients,
We are contacting you to make you aware about an increasing amount of fraudulent activity where unidentified individuals are pretending to represent FXOpen and are contacting clients asking for payment of commissions and service fees. FXOpen does not have any hidden costs or charge additional commission or fees as clients pay only the commission stated on the broker's official website.
Please note that we only use @fxopen.com and @fxopenasia.com mail domains for communication with our clients. If you receive an email from FXOpen but from another domain it is most likely to be fraudulent. Also, we draw your attention to the fact that the authentic form of registration with FXOpen is only available on our main official website https://www.fxopen.com/(https://my.fxopen.com/en/Registration) and the domains on other languages available from the official website. We advise you to keep your login details safe and not to disclose them to third parties.
If you have any doubts about the authenticity of the registration form or about the official representative of FXOpen that has contacted you, please immediately notify FXOpen customer support at [email protected].

Source: FXOpen_news

Contest on real PAMM Accounts "Heroes of PAMM" Starts on October 1

FXOpen and ForexCup invite traders to participate in the exciting contest "Heroes of PAMM" and compete for the real prize money for a total of USD 10,000. The best trader of the contest will get USD 5,000 in the form of investment to his/her PAMM account. For the second and third places, winners will get USD 3,000 and USD 2,000 respectively. Registration is already open.


Things to know about the contest "Heroes of PAMM":

• Dates: October 1 - December 31, 2018;
  
• Prize fund: USD 10,000;
  
• Registration is already open and will last until October 31;
  
• Rewards*:
  
  • 1st place - USD 5,000;
    
  • 2nd place - USD 3,000;
    
  • 3rd place - USD 2,000.
  
  
  
• Initial deposit: any amount, but not less than the minimum amount for opening a PAMM account (for PAMM ECN - from USD 1,000, for PAMM STP - from USD 200);

• Minimum trading period: not less than 2 months;
  
• Minimum amount of trades per week: 2;
  
• Trading volume: not less than 0.5 lot per stage;
  
• Profit at the end of the contest: at least 20% of the deposit;
  
• Drawdown during the contest must not exceed 20%**, and short-term drawdown of 25% and more, even if it was not recorded at a rollover will be considered as a loss and a cause for withdrawing the prize.

During the contest, participants can add or withdraw money from their accounts, receive investments to their PAMM accounts, create offers, use all instruments of a PAMM system with no restrictions, use any trading strategies, advisors (AEA, MEA, etc.) and any other standard MT4 add-ons and scripts.
It is prohibited to close for investors such statistics of your PAMM account as equity, drawdown, exposure level, completed trades. This data must be available for viewing.

Continue reading: FXOpen_news

FXOpen awarded Order Execution Certificate from VMT

FXOpen has been successfully certified by the Financial Commission (an independent organization for dispute resolution in Forex). The order execution certification was carried out by VerifyMyTrade (VMT), an independent audit company.


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On 20 September 2018, VMT audited a sample of 5,000 order executions from FXOpen and based on the audit, the Commission has issued an execution quality certification to FXOpen. FXOpen will continue to submit order execution data to VMT to ensure our order execution continues to meet the standards set out for all members of the Financial Commission.
FXOpen is constantly improving the quality of all aspects of its service, especially the safety of clients' funds, and is very proud to be among the first brokers to support the Financial Commission initiative and complete the voluntary audit for quality of trading transactions.


Source: FXOpen_news

FXOpen Announces the Launch of MetaTrader 5

Dear Clients,
FXOpen is pleased to announce the launch of MetaTrader 5 Platform with access to ECN trading and interbank liquidity.

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MT5 trading platform provides an extensive functionality of its predecessor and many additional services - all you need for successful Forex trading.
Trading conditions on MT5 ECN accounts are the same as for regular ECN accounts.

Source: FXOpen_news

Forex contest on demo-accounts “The Sheikh’s Treasure” starts on November 12

Always wanted to feel like a Middle East Sheikh? FXOpen fulfills your dreams and gives you the opportunity to profit by trading oil, gold, silver and gas like a real sheikh! Ten winners will share the prize fund of 3000 USD in the new joint FXOpen and ForexCup “Sheikh’s Treasure” contest.


Terms of the contest:

• Dates: November 12 - December 7, 2018;
  
• Registration: has already started and will remain open until November 25;
  
• Initial deposit: USD 5000;
  
• Leverage: 1:100;
  
• Trading instruments: XAGUSD (SILVER vs US Dollar), XAUUSD (GOLD vs US Dollar), XTIUSD (US Crude vs US Dollar), XNGUSD (US Natural Gas vs US Dollar), XBRUSD (UK Brent vs US Dollar);
  
• Maximum number of trades opened at a time (including pending orders): 5;
  
• Minimum volume of one order: 0.01;
  
• Maximum volume of one order: 1;
  
• Margin call: 100%;
  
• Stop out: 50%;
  
• Account type: demo (competition) ECN;
  
• EAs and locking: allowed;
  
• Requirements for getting the prize:
  
  • to increase the initial deposit by at least 20%;
    
  • minimum quantity of trades is 10 with minimum volume of 10 lots;
    
  • to be in the rating among 10 best traders by Equity.

Winners and rewards:

• Prize fund: USD 3,000;
  
• 10 best participants will be rewarded the following money prizes (50% is withdrawable, 50% as a bonus cannot be withdrawn). You can withdraw only the profit from trading for a bonus at any time.
  
  • 1st place — USD 1050 (USD 525 + USD 525 as a bonus);
    
  • 2d place — USD 750 (375 + 375);
    
  • 3d place — USD 300 (150 + 150);
    
  • 4th place — USD 240 (120 + 120);
    
  • 5th place — USD 180 (90 + 90);
    
  • 6th place — USD 150 (75 + 75);
    
  • 7th place — USD 120 (60 + 60);
    
  • 8th place — USD 90 (45 + 45);
    
  • 9th place — USD 60 (30 + 30);
    
  • 10th place — USD 60 (30 + 30);

Dear participants! To get the prize, you should open an ECN account (for the first 3 winners) or STP account (for the rest) and email its number at [email protected]. Profit from trading can be withdrawn at any time via any payment system available with FXOpen.
What you should do to join the contest:

Newbies:

• Register your account with FXOpen or ForexCup;
  
• Go to https://my.fxopen.com/en/Verification/Personal/ and make sure that you have filled in the "First Name" and "Last Name";
  
• Join the contest using this link with your account data.

Existing clients:

• Go to https://my.fxopen.com/en/Verification/Personal/ and make sure that you have filled in the "First Name" and "Last Name";
  
• Join the contest using this link with your FXOpen or ForexCup registration data.

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On November 4th MT4 Server Time Switches to GMT+2

On November 4th, 2018 FXOpen will switch its trading servers from GMT +3 to GMT +2. The GMT offset in the company’s MetaTrader platform will be set to GMT+2 starting with the market opening on Monday (November 5th, 2018).
The change will affect all types of FXOpen trading accounts.
The changing of server time should not impact your open trades or the process of opening, placing, closing and modifying orders. However, you should keep this information in mind while planning your trading activities. Also, do not forget to adjust the time settings in your Indicators and Expert Advisors accordingly.

Source: FXOpen_news