FX Open
The FX open is another type of dealing desk broker wherein the forex trading is held over-the –counter (OTC) with a rare combination of retail forex, STP and ECN online services. They use the 2nd level of Metatrader 4 platform with extra PAMM (Percentage Allocation Management Module) services for managers and investors. They accept different types of shareholders, currency and commodities such as silver and gold with a maximum leverage of 1:500. Moreover, the minimum deposits will depend on the type of account you open. However, there are no flexible trade sizes to choose from, but they have the lower rates of commission to prefer with.
The FX open can support any types of languages and can handle a variety of problems in the future. It is because of the 24-hour service assistant’s availability they have. They can be reached at any medium by online chatting through ICQ, Skype, phone calls, fax and e-mails. Moreover, they will also guide you all throughout your application, and very much willing to answer any of your inquiries. However, it will depend on the type of accounts you preferred with.
FX open has different types of account to choose from, and these are the following:
- Micro Account- is perfect for the beginners and the initial deposit would be $1.
- Standard Account- you only need to deposits at least $25 with margin leverage ranging from 1:1 up to 1:500.
- ECN/STP Account- is perfect for someone who’s looking for big profit and with a lot of bonuses to have. The minimum deposit is only $1,000 with leverage of 1:500.
Apart from that, the FX open don’t have commission when you’re just starting up. However, if you engage on ECN type of account, then you’ll have to pay the commission rate. Moreover, the commission will depend on dealing spread you choose from. On the other hand, they will also give you rebates and other type of bonuses.