Business Model – True ECN Model
The ECN Model gives traders access to the Interbank market. In the ECN model, the counterparty to your trade is another market participant such as a bank, fund or another trader.
FXOpen ECN is based on a unique technology for Forex margin trading. Participants of an ECN include banks, centralized exchanges, large companies offering their services in the OTC FOREX (Over the Counter) Market and private investors. FXOpen gives its clients institutional liquidity and instantaneous error-free order execution.
Protection of confidential personal information of our clients and partners is FXOpen’s key priority.
ECN trading is recommended for experienced traders and those who prefer scalping as their major trading strategy. 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
- All participants have equal rights when it comes to order execution
- All transactions take place in a completely transparent environment
- All clients, regardless of their capital, may act as both Liquidity Providers and Liquidity Receivers.
This business model and the unique technology behind 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.
FXOPEN ECN puts into practice the modern approach to aggregating liquidity in the FX industry. Its cutting-edge innovative technology allows us to provide market participants with:
- Tight spreads
- ECN Liquidity
- Market Depth Display
- Instantaneous and error-free execution
- Each participant acts as liquidity provider
FXOpen has been offering Forex brokerage services since 2005 and is currently one of the most successful and fastest-growing Forex brokers.
Since the very start FXOpen has been true and loyal to its goal – making Forex trading more professional, easy-to-access and secure. FXOpen was founded by a group of traders so everything we do has the traders’ interests at its core.
With our many years of experience, we know all the ins and outs of Forex trading. We know what it takes to achieve success in Forex and the pitfalls that may impede traders on their way there. We are open and like to share our experience and knowledge with traders to help them achieve the best possible results.
Our business model
FXOpen was the first Forex broker to offer its clients ECN trading via the Meta Trader 4 terminal. And with FXOpen’s unique proprietary price aggregating technology our clients can benefit from the industry’s most competitive spreads and low trading commissions. In addition, with our One Click Trading and Level 2 MT4 plug-in, traders can also place trades with just one click of the mouse.
In 2014 FXOpen continued to set the pace with its latest technologies and offered its retail and b2b clients Bitcoin trading.
Our clients can choose from a variety of trading accounts (STP, Micro, ECN and free unlimited demo accounts) and enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems. FXOpen also offers its own PAMM technology allowing our clients to benefit from the strategies of experienced traders with a proven track record of successful trading and guarantees automatic distribution of profit and loss between the strategy provider and the strategy followers. We also welcome Islamic traders and let them take advantage of Forex trading without violating Sharia law by offering them SWAP free accounts.
FXOpen clients receive real-time quotes from the industry’s largest liquidity providers. The list of our LPs include Dresdner, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JPMorgan, Morgan Stanley, Deutsche Bank AG, RBS, CITI, UBS, HOTSPOT INST, GOLDMAN and LavaFX.
FXOpen guarantees excellent customer support, strict compliance with all trading terms and conditions and reliability, backed up by the latest state-of-the-art technology.
We believe that with a trader-oriented approach and strong focus on technological innovation, we can dramatically change the market for the benefit of the trader.
- For the first time in the Forex industry – cryptocurrency trading with Bitcoin, Litecoin, Namecoin and Peercoin
- Trading accounts to suit every level of experience and investment – ECN, STP, Crypto, Micro
- The industry’s most competitive spreads – from 0 pips
- Minimum deposit – from $1
- Advanced price aggregating ECN technology
- Maximum leverage up to 1:500
- A wide selection of fast and reliable payment options
- A vast network of regional offices and representatives
- FXOpen Help
- The latest economic news, professional market analyses and a Forex calendar
- Monthly and daily account statements
Legal Name: FXOpen Markets Limited
Operational Since: 2005
Domiciled Country: Russia
Headquarters City: Moscow
International Offices: Moscow, London, Sydney
Regulation: “The Financial Commission”, FCA, ASIC
Monthly Volume In USD: Undisclosed
Number Of Liquidity Providers: 10
Managed Account Services: Yes
Markets/Instraments: 49 currency pairs, Commodities, indexes. CFDs
Parent/Subsidiary/Affiliations: Privately held
Broker Type: Market ECN/STP
Account Types: ECN, STP, Crypto, Micro
MAM/PAMM Accounts: Yes PAMM
Min. Deposit: $1
Minimum lot size: 0.01 (micro) lots
Max Leverage: 1:500
Spread type: Floating
Execution Type: Market
Payment options: Bank wire, credit card, Many electronic payment options
Withdrawal options: Same as deposit
Accept US clients: No
Currency Pairs Total: 49
Trading platforms: Metatrader 4
Commission Fees: 1.8 – 5 units per lot one way
News Trading: Yes
Mirror/Social Trading: Yes
Expert Advisors: Yes
Swap Free: Yes
API support: Yes
OCO Orders: No