FXOpen
is a
retail
and institutional
forex
broker offering
online trading
services via
MetaTrader 4
, MetaTrader 5 and TickTrader trading platforms. It provides access to the
electronic communication network
(ECN) to trade currency, commodity, indices and stock CFDs. FXOpen companies operate in Australia,
Saint Kitts and Nevis
, the United Kingdom and Cyprus and have representatives in a number of other countries.
[2]
[3]
[4]
[5]
History
[
edit
]
FXOpen was founded in 2003 as an educational centre of technical analysis in
Egypt
.
[6]
[7]
In 2005, the company launched a brokerage services. In 2006, the company introduced Micro accounts and swap-free
Shari’a compliant
accounts.
[7]
In 2009, FXOpen developed its own
bridge
technology that provided retail traders with an access to the ECN market via the MetaTrader platform. Subsequently, it also provided ECN
PAMM
accounts.
[8]
In August 2014, FXOpen NZ Limited stopped issuing derivatives to retail customers and the company was deregistered from the financial services provider register. In July 2015, New Zealand revoking its registration from the Financial Dispute Resolution Scheme. Since 2015, FXOpen LP Limited (New Zealand) a limited partnership, provides trading technology platform to wholesale customers.
[9]
In 2021, FXOpen launched a trading platform TickTrader which allows to combine trading forex, stocks, indices, and commodities within one trading account.
[10]
Operations
[
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]
FXOpen offers an ECN-integrated MT4, MT5 and TickTrader trading platforms, compatible with
algorithmic trading
. It enables users to apply various trading robots, known as
expert advisors
.
[8]
FXOpen provides traders with proprietary designed One Click Trading Level2 Plugin software (OCTL). The tool was released in 2013 and is regarded as the Level2 application update optimizing the order execution process in the MT4 platform.
[11]
Regulatory information
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]
Several regulated companies operate under FXOpen brand name:
The company has used sponsorship to promote itself including, in 2011, FXOpen took participation in organizing and promoting the FXOpen
Drift
2011 competition.
[13]
References
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External links
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Online brokerages
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