What do you think about FXOpen? - Page 2
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Thread: What do you think about FXOpen?

  1. #11
    Quote Originally Posted by ;
    quote Please what's PDS? This is new to me.
    Product Disclosure Statement. Basically the fine print of this service offered, all brokers will possess one. Exactly what's in it and how they will use it will fluctuate from broker to broker though

  2. #12
    Quote Originally Posted by ;
    Hello Rockit What do not you discover rosy about our trading conditions?
    Disclaimer: All just my personal opinion.
    If OP is to spend $100, and if it be FXOpen, he'd be recommended to start out a STP account with FXOpen.com; those states appear okayish. A spread of 1 pip on average in E/U is not just good but manageable.
    Another low deposit accounts are excessively expensive (cost of trading) and also restrictive (minimum lot size to big, leverage also low, minimal order life time, stop level policy). And that havaiana mentioned previously.

    BTW, if you genuinely operate an ECN why would you not give an API for free, so that traders can skip the award winning (lol this is a good one!) Appliions from MetaQuotes? That would create FXOpen interesting to clientele that is certain.

  3. #13
    Quote Originally Posted by ;
    quote BTW, in the event that you genuinely operate an ECN why do you not give an API for free, so that traders may bypass the award winning (lol this is an excellent one!) Appliions from MetaQuotes? That would make FXOpen intriguing to clientele.
    They do provide FIX and a custom API (FDK) at no cost (at least for ECN accounts).

    Http://forum.fxopen.com/showthread.php?87322-FDK

    However be prepared for an endless email exchange till you solve anything, as you won't speak with a technical man, but using an intermediary (NZ) which clearly doesn't know anything about this. After two weeks of back and on I still didn't had a real account FIX connection. But I did eventually receive it.

    The other issue is that the FIX accounts aren't neatly integrated into their Cabinet, and that means that you can not get statements and all. But it's possible if you insist.

  4. #14
    Quote Originally Posted by ;
    They do offer FIX and a customized API (FDK) free of charge (at least for ECN accounts).
    How fine. Thanks.

  5. #15
    Quote Originally Posted by ;
    quote Product Disclosure Statement. Basically the fine print of the service provided, all brokers will possess one. Exactly what's inside and how they will utilize it will differ from broker to broker however
    Thank you!

  6. #16
    Check out just how scamadviser.com rates them. It will give you their risk amount and where they are enrolled.

  7. #17
    My opinion that the decision.


    - that I believe excessively significant fees charged, it's time for FXOpen upgrade and follow the contest as well as lower spreads on gbp's and all its variants.

    Fxopen- , FXOpen doesn`t get any profit from such fees since they are charged by banks. In terms of spreads, we've got the ones for the major currency pairs but less popular pairs that are not liquid have bigger spreads. On the other hand, the fee fees can be influenced by the volume of trading.

    2 illuions:

    FxOpen:


    HotForex:


    The exact instances, FXOpen breaks documents since it can have double the spread and we are speaking about 12 pips 120 points, Congrats .

    Good trades to all of us.

  8. #18
    I only wish to make sure that everybody understands that there are three different businesses operating under the FXOpen brand, and that of the three that you proceed with has a significant impact on your trading:

    1) FXOpen Ltd is a UK firm regulated by the FCA in the united kingdom. Clients of this company have 50,000 of their accounts protected in case the broker goes bankrupt, as demanded by the Financial Services Compensation Scheme (FSCS). That is an independent body made by government legislation.

    Two) FXOpen AU Pty Ltd, is an Australian firm regulated by ASIC in Australia. There is no account balance protection with this company. But this firm is a member of the Financial Ombudsman Service (FOS), which is an external dispute resolution scheme approved by ASIC. If you've got a complaint with FXOpen AU Pty Ltd, you can complain to FOS, who will review the case and issue a binding judgement against the broker if FOS finds in favor of the trader. This is a tool that is powerful. This FXOpen company is also required to release a Product Disclosure Statement (PDS). This PDS explains precisely what type of business arrangement you are getting into, along with the risks. As an example, the segregation of funds that they refer to is not precisely what you may think it is.

    3) FXOpen Markets Limited is a company situated in Nevis in the Caribbean. It is not subject to FX law. It's a member of The Financial Commission, which has set up dispute resolution mechanism and a compensation fund. However, The Financial Commission is a limited liability corporation in Hong Kong. It's not an organization or a body. I don't know precisely what trust to place in such an organization. While this edition of FXOpen gives you the choice, it also offers the cheapest protection for traders. Slippage policies will be likely to be found within this Nevis edition of FXOpen.

    It's essential to note that regulations and protections that apply to clients of one of these firms does not necessarily apply clients of their other businesses. Consider the coverage that matters the most and start an account with the firm that is best positioned to offer that protection.

    More info that digs into the different FXOpen businesses athttp://www.forexscamalerts.com/fxope...-broker-review.

  9. #19
    Before to deposit and also exchange at this business think 300 times. Take a look at what they doing. They using classic sheme: widen distribute to 40.0de , take sparks, reestablish normal spread.



    No news, regardless of any effect events.

    While on a different brokers, I wish to state at every broker you can find now such a moves !




    Here they tell me the I have to find another broker if I ant a fixed spread with grammatical mistakes.


  10. #20
    Quote Originally Posted by ;
    Before to deposit and also exchange at this company think 300 times. Take a peek at what they doing. They utilizing classic sheme: widen distribute to 40.0de , take sparks, reestablish normal spread. picture No news, no effect occasions. While on another brokers, I want to state at every broker you can find now such a movements ! picture Here they inform me the I need to loe another broker if I ant a fixed spread with grammatical errors. picture
    poor broker
    poor service
    FXOpen

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