About the broker
FXOpen is an online forex broker that offers a wide range of options for market traders. This company was founded in 2005 and is located at Level 25 108 St Georges Terrace Perth WA 6000, Australia. It is owned by FXOpen Markets Limited and is licensed by ASIC and FCA.
In terms of trading, the minimum deposit with FXOpen is $100, which allows even smaller investors to enter the market. The minimum trade volume is 0.01, which provides flexibility in managing positions. The spread on the EUR/USD currency pair on the standard account is very competitive at 1.0 pip.
FXOpen offers a wide range of underlying assets and in particular CFDs contracts. Including 95 currency pairs, 5 commodities, 12 indices and 3 cryptocurrencies. The company also provides a demo account and a mobile app for trading from anywhere. MetaTrader 4 and MetaTrader 5 are available as basic trading platforms.
As for social trading, FXOpen does not offer this option yet. However, its wide range of features and competitive trading conditions make it an attractive option for many traders in the forex markets. Customer support includes email, phone, and online web chat, allowing for quick communication with the support team.