Why FXOpen EU?
FXOpen EU is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13 and holds a cross border license, authorizing the company to provide Investment and Ancillary Services to all European Union Member States.
Client funds are fully segregated from FXOpen’s own funds in accordance with CySEC Client Money rules. Client’s funds are held in segregated accounts at Barclays UK in London and Hellenic Bank in Cyprus.
FXOpen EU is a member of the Investor Compensation Fund which is a scheme that pays compensation in the event that a company fails to reimburse funds and/or financial instruments due to financial issues, as applicable.
Deep liquidity with spreads from 0.0 pips
Very low commissions
Cutting edge ECN technology
Trade on the MT4 or MT5 Trading Platform
Low minimum deposit from €300, $300
Maximum leverage up to 1:500 (for professional clients)
A wide selection of fast and reliable payment options
The latest economic news, professional market analyses and a Forex calendar
All accounts at FXOpen EU are ECN or STP accounts and use the ECN model. The ECN model gives traders access to the Interbank market where the counterparty to your trade is a liquidity provider such as a bank, fund, or another trader. There is no intervention from FXOpen, no dealing desk and no requotes.
ECN accounts are suitable for all types of trading due to its fast execution and deep liquidity. This is especially useful for scalping, high frequency and automated trading. The ECN Model uses Market Execution, which means that your order will be filled in the interbank market but the execution price may differ from the price you requested upon placing the order.
All participants of the ECN have equal rights when it comes to order execution regardless of their capital. Additionlly everyone on the ECN can act as both liquidity providers and liquidity receivers. This ensures that all transactions take place in a completely fair and transparent environment.
This business model, combined with the unique technology behind the FXOpen ECN, provides our clients with aggregated liquidity from multiple participants in the FOREX market. This allows FXOpen’s clients to easily and instantaneously execute large volume orders in a very tight spread and highly liquid environment.