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Thread: What do you think about FXOpen?

  1. #1
    I Am Interested in Starting an account with them will deposit 100 usd

  2. #2
    What's your reasoning?
    In my opinion they have idiotic trading conditions (designed to make a traders life difficult).
    Do you know anyone who has successfully withdrown profits, particularly larger ones?
    Have you checked their standing on sites like FPA? Have you ever read all threads of FF?
    Personally I don't enjoy what I read about them, no matter what branch (i.e. UK, AU, NZ).

  3. #3
    Quote Originally Posted by ;
    What is your reasoning? In my view they've idiotic trading terms (made to make a traders life difficult). Do you know anyone who has withdrown profits, especially larger ones? Have you checked their reputation on sites like FPA? Perhaps you have ever read all threads offorexforum.co.zarelated to them? Personally I don't like everything I read about these, regardless of what branch (i.e. UK, AU, NZ).
    They're somewhat shady, but I have withdrawn large profits (liquidated my account and hauled all profits) from them and there were no problems (NZ branch). The cash was in my own bank in 2 days. They did not push it a lot, although they attempted to convince me to remain.

    The also have excellent spreads as well as prices.

    I closed my account for some other reasons, not because I was unsatisfied together.

  4. #4
    Quote Originally Posted by ;
    They are somewhat shady, but I have withdrawn large profits
    Thanks for the opinions, Adal, great to know.
    Yes, their ECN account phrases look ok, but you need to deposit 1000 ; below it doesn't look rosy for me.

  5. #5
    Quote Originally Posted by ;
    quote Thank You for the Comments, Adal, good to know. Yes, their ECN account phrases look okay, but you want to deposit 1000 ; below it does not look rosy to me.
    Hi Rockit

    What don't you discover rosy relating to our trading requirements?

    You can try out our ECN with a Micro ECN account with a deposit by just $200, but we really recommend that you open your account with $1000 or more to get lower risk in your trading in addition to lower commission than our Micro ECN account.

  6. #6
    Quote Originally Posted by ;
    quote Hi Rockit What do not you find rosy about our trading conditions? It is possible to try out our ECN with a Micro ECN account with a deposit from only $200, but we really recommend that you open your account with $1000 or more for lower risk in your trading in addition to lower commission than our Micro ECN account.
    $13.60 AUD commission for one round turn in Gold. This is unquestionably the commission I have ever seen or heard of in five years of trading. Do you look at that rosy?

  7. #7
    Quote Originally Posted by ;
    quote $13.60 AUD commission for one round twist in Gold. This is by far the priciest commission I have ever seen or heard of in 5 decades of trading. Do you look at that rosy?
    You shouldn't really be trading gold on a Micro account anyhow and I don't have any clue how you'd have opened 1.00 lots of Gold on a sub $1000 account?

    Anyway, if you'd like lower commissions, then you can try a STD or VIP account from us. The identical trade on a STD account would be $6.80 or4.89 on a VIP account.

  8. #8
    Quote Originally Posted by ;
    quote ...I have no clue how you would have started 1.00 lots of Gold on a sub $1000 account...
    You are attempting to distract and confuse the unedued here by making a meaningless statement that does not remotely have anything to do with what is being discussed. There's not any gap in paying $1.36 on a 0.10 of a contract contract or $13.60 on a complete contract.

    Quote Originally Posted by ;
    quote You should not actually be trading gold on a Micro account anyhow and I have no clue how you would have opened 1.00 lots of Gold on a sub $1000 account? If you want commissions, you can try a STD or VIP account . The same trade on a STD account could be $6.80 or $4.89 on a VIP account.
    The discussion has been about the micro account being labelled not 'rosy' and also you asking for an explanation. It is not rosy because ridiculously costly commissions are paid by you.

    Why not explain to us why the micro account is rosy if that is what you believe.

    Or just continue being selective about which questions and complaints you react to in such threads and which ones you ignore or attempt to confuse the point of.

  9. #9
    For the record I do believe the states of the STD and VIP account are excellent in comparison to the other Australian brokers.

    But there is the problem of reliability of getting orders filled/executed as shown in another thread. Along with also the use of the PDS to maneuver the risk of your f*** ups onto your customers. Though all brokers have the PDS, the ones have it as protection in case of extreme conditions or use it to shirk the duty of what they are paid to do or to maneuver their risk onto their clients. It is just not how a reputable and dependable company operates.

  10. #10
    Quote Originally Posted by ;
    For the record I really do believe the conditions of the STD and VIP account are excellent compared to another Australian brokers. But there is the issue of reliability of getting orders filled/executed as shown in the thread. Along with also the use of the PDS to pass the risk of your f*** ups on your clients. Although all brokers have the PDS, the reputable ones have it as protection in the event of extreme conditions and do not use it to shirk the responsibility of what they are paid to do or to pass their risk onto their clientele. It's simply not...
    Please what is PDS? This is new to me.

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