FXOpen is a
retail and institutional
forex broker offering
online trading services via
MetaTrader 4, MetaTrader 5 and TickTrader trading platforms. It provides access to the
electronic communication network (ECN) to trade currency, commodity, indices and stock CFDs. FXOpen companies operate in Australia,
Saint Kitts and Nevis, the United Kingdom and Cyprus and have representatives in a number of other countries.
History
FXOpen was founded in 2003 as an educational centre of technical analysis in
Egypt.
In 2005, the company launched a brokerage services. In 2006, the company introduced Micro accounts and swap-free
Shari’a compliant accounts.
In 2009, FXOpen developed its own
bridge technology that provided retail traders with an access to the ECN market via the MetaTrader platform. Subsequently, it also provided ECN
PAMM accounts.
In August 2014, FXOpen NZ Limited stopped issuing derivatives to retail customers and the company was deregistered from the financial services provider register. In July 2015, New Zealand revoking its registration from the Financial Dispute Resolution Scheme. Since 2015, FXOpen LP Limited (New Zealand) a limited partnership, provides trading technology platform to wholesale customers.
In 2021, FXOpen launched a trading platform TickTrader which allows to combine trading forex, stocks, indices, and commodities within one trading account.
Operations
FXOpen offers an ECN-integrated MT4, MT5 and TickTrader trading platforms, compatible with
algorithmic trading
Algorithmic trading is a method of executing orders using automated pre-programmed trading instructions accounting for variables such as time, price, and volume. This type of trading attempts to leverage the speed and computational resources of ...
. It enables users to apply various trading robots, known as
expert advisors.
FXOpen provides traders with proprietary designed One Click Trading Level2 Plugin software (OCTL). The tool was released in 2013 and is regarded as the Level2 application update optimizing the order execution process in the MT4 platform.
References
External links
Official websiteFXOpen Prime website
{{DEFAULTSORT:Fxopen
Financial derivative trading companies
Financial services companies established in 2003
Foreign exchange companies
Online brokerages
Financial services companies based in London
Financial services companies of Russia
Companies based in Perth, Western Australia
2003 establishments in Egypt