FXOpen was created in 2003 as a center for educating traders in technical analysis of financial markets. In 2005, the broker entered the brokerage market for the first time. The company is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA).
FXOpen offers to perform transactions through the MetaTrader 4 platform with access to ECN trading and minimum trade size of 0.1 lots.
Provided trading instruments include 50 currency pairs, gold, silver, CFD, crude, and natural gas. In 2014, the company introduced a new account type enabling its holder to trade such cryptocurrencies as Bitcoin, Litecoin, and Namecoin through MetaTrader.
In 2010, the company entered top 100 of the best companies, according to the World Finance magazine. The broker has won several Forex awards. Among the recent nominations are Best Islamic Forex Broker, Best South-East Asia Forex Broker, and Best ECN Forex Broker.
It was FXOpen that introduced micro accounts and Islamic accounts in strict accordance with Sharia law for the first time.
Moreover, FXOpen clients enjoy free demo accounts and automated trading with the MyFXbook and ZuluTrade systems. The company also gives access to the PAMM system, thanks to which the company’s clients can subscribe to successful traders and perform their deals on his or her account.