FXOpen is considered one of the best online forex brokers that has been operating since 2005. Provides traders with access to a wide range of instruments in several markets: a large number of basic, secondary and exotic currency pairs, CFD indices, oil, natural gas. The company also offers cryptocurrency trading, including bitcoins, lightcoins, name coins and peercoins. Trading conditions are very good and overall operating costs with FXOpen are low. An important thing for novice traders is that FXOpen offers a demo account before risking real money that has no expiration date.
Broker’s regulationThe FXOpen broker is headquartered in Charlestown, and the FXOpen brand itself includes the following companies:
- FXOpen Markets Limited, a company registered in Nevis.
- FXOpen AU Pty Ltd, an Australian-registered company.
- FXOpen Ltd, a company registered in England and Wales.
Basic information about broker’s conditionsFXOpen uses the end-to-end/ECN business model without the dealer’s interference in customer transactions. Even if FXOpen can act as a counterparty, it is similar to the model used by many other brokers that serves to minimize the conflict of interest between the trader and the broker.