FX Open has been the first broker that actually started to offer cryptocurrencies,
this was way back when no other brokerage was willing to take the chance. this tell you enough about the brokerage.
Fx Open Dash Broker
This is one of the older brokerages out there that has been in business for the last 12 years or so.
The company was founded as often is the case, by a couple of serious traders that found the offering of the brokers at time lacking for what they looked to do and did not provide the trading experience they wanted.
And so they build their own broker. This means that the broker has its foundation in the trader’s arena and not vice versa.
You can still feel that today as a positive trading experience is what they aim to accomplish.
The company was founded in New Zealand, Auckland which was and is not known for its financial innovativeness but nonetheless they succeeded and succeeded well.
They received the licenses of ASIC and FCA licenses which till today is a solid and reputed regulation making sure that the traders interest are safeguarded
Trading Platform
The trading platform of FX open dash trading (as this is what we are talking about) is the Metatrader 4 or better known as the MT4, which is the leading platform for trading and has been so since it was launched by metaquotes.
The offer this platform in different formats. It is available in both versions, downloadable and web-based. The special features like the One-click trade executions, Forex robots, auto signals are known factors and features to the more expierenced traders and for them trading with FXopen is “plug and play.
FX open was one of the first to offer crypto currencies and fx open dash trading is pioneering the market.
Account Types
FX open is a one stop shop broker for multiple services. If you want to trade ECN or commodities, STP or several Cryptocurrencies (Bitcoin, etc.) services, eventhou we are here talking about FX open dash trading, they have it all.
The ECN account especially offers to all traders very tight spreads more important for some is they allow all different trading techniques like scalping, hedging, news-trading and automated trading.
Something that not every broke does is that they charge. Inactive traders a maintenance fee of $10 per month, or deactivation fee of $50 if they want to delete their account and trade elsewhere.
They have a demo account for those looking to first try their system and they offer in this account a full range of assets , in general the offer around 0 tradable assets
Funding methods
You are able to fund your account through a multitude of options like wire transfers, credit cards and e-wallets (OKPay, Paysafecard, YandexMoney, WebMoney, Qiwi, Neteller, Skrill, PerfectMoney, Payza, and FasaPay).
They are faster then most brokers i when you look to withdraw your funds as it takes them in general only one day, furthermore this is also free except for the bank transfer which costed last hen I checked just over 40 usd.
FX Open Dash Broker Customer Support
They support available in Russian, French, German, Spanish, and Arabic. They have a full-service help-desk which will assist people where needed.
Due to the regulation, this is something that they have to invest in and take very serious. In general, their support is knowledgeable and polite. You should not run into really big issues here and when you do they will be resolved in a timely fashion.
In short this is a solid company, a good brokerage for those that look o trade and take their trading to the next level , for beginning traders I have other brokers like etoro and plus500 which might be easier but this broker doe offer everything a real trader need and wants
| Crypto trading account | |
|---|---|
| Account currency | USD, EUR, GBP, RUB, JPY, *Bitcoin (mBTC), Litecoin (LTC), Ethereum (ETH), and Dash |
| Minimum deposit | from $10 (or equivalent in other currency) |
| Maximum balance | without limitations |
| Spread | floating |
| Commission | 0.5% half-turn |
| Quotes format | 0.12345 |
| Execution | market |
| Minimum transaction size | 0.01 lots |
| Maximum transaction size | without limitations |
| Minimal increment | 0.01 lots |
| Leverage | 1:3 |
| Margin call | 30% |
| Stop Out | 15% |
| Demo accounts | Yes |
| Islamic accounts | No |
| Instruments | 24 pairs with BTC, LTC, ETH, DSH, EMC, NMC and PPC |
| Bonuses | None |
| Expert Advisors | Yes |
| Scalping | Yes |
| Hedging | Yes |
| News trading | Yes |
| Phone dealing | Yes |
| Market depth with level 2 quotes | Yes |
| Trading time | 24/7 |
| Inactive account fees | maintenance – $10 per month; reactivation – $50; |
- **The round-turn commission is equal to 1% of the base currency. Right after you open a trade, you will see the round turn commission charged.
Trading commissions are a subject to review in case of high trading volumes.
The minimum commission per transaction is 0.01 units of the MT4 account currency. - Commission may vary if you open an account through an affiliate, IB or franchise. Please, contact your referring agent for details.
- ***For overnight positions we charge an additional commission equal to the Swap rate of the particular currency pair.
FX Open News
- Changes in CFD Trading on May 1 2018 April 23, 2018Changes in CFD Trading on May 1, 2018 Dear Traders, Due to a public holiday in Europe on May 1, 2018, the following indices will not be traded: Europe 50 - trading closed; France 40 - trading closed; Germany 30 - trading closed; Germany 30 (Mini) - trading closed. All other financial instruments will be […]
- Join a free demo contest "The Lord of the Crypto"! April 19, 2018Win Bitcoin, Litecoin, Ethereum, Tether, Emercoin! Join a free demo contest "The Lord of the Crypto"! Do you prefer crypto to traditional currencies? ForexCup and FXOpen broker once again have a challenge for you to try your strength in cryptocurrency trading. “The Lord of the Crypto” is a free demo contest for crypto fans. The journey […]
- FXOpen Reduces SWAP on Crypto Accounts down to 10% April 18, 2018FXOpen Reduces SWAP on Crypto Accounts down to 10% Dear Traders, FXOpen is glad to announce, that we have reduced SWAP for Crypto accounts from 18% down to 10% per annum. Crypto-accounts from FXOpen offer traders the opportunity to trade the most popular cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Dash […]
- Easter 2018: Changes to Trading Hours March 26, 2018Easter 2018: Changes to Trading Hours Dear Traders! Due to the celebration of Easter on Sunday, April 1, 2018 you will experience the following changes to trading hours. Thursday, March 29th Australia 200 (#AUS200) - trading ends at 16:00 GMT+3 All other financial instruments will be traded without changes. Friday, March 30th Forex pairs will […]
- The 3rd Stage of Heroes of PAMM Starts on April 2 March 14, 2018The 3rd Stage of Contest on real PAMM Accounts "Heroes of PAMM" Starts on April 2 FXOpen and ForexCup invite to take part in the most exciting contest "Heroes of PAMM" and compete for the real prize money for a total of USD 10,000. The best trader of the contest will get USD 5,000 in […]
FX Open Dash Trading
FX Open has been in the industry for sometime now and has a solid and loyal trader foundation. this broker is fresh and offers to the traders everything you are to expect from a premium brokerage
| COMPANY INFORMATION | |
| Broker Details | Info |
| Regulated By | FCA, FSA |
| Headquarters | United Kingdom |
| Foundation Year | 2005 |
| Publicly Traded | No |
| Number Of Employees | 100 |
Contact Information
| Tel:+44 (0) 203 519 1224 | |
| Email:support@fxopen.co.uk | |
| TRADING ACCOUNT OPTIONS | |
| Account Type | Info |
| Min. Deposit | $300 |
| Max. Leverage | 0.388888889 |
| Mini Account | No |
| Demo Account | Yes |
| Premium Account | Yes |
| Islamic Account | Yes |
| Managed Account | Yes |
| Deposit Options | Credit Card, Moneybookers, Neteller, Skrill, Webmoney, Wire Transfer |
| withdrawal Options | Credit Card, Moneybookers, Neteller, Skrill, Webmoney, Wire Transfer |
| FXOPEN Dash UK TRADING FEATURES | |
| SUITABLE FOR | |
| Trader Level | Yes/No |
| Beginners | Yes |
| Professionals | Yes |
| Scalping | Yes |
| Day Trading | Yes |
| Weekly Trading | Yes |
| Swing Trading | Yes |
| Social Trading | No |
| CUSTOMER SERVICE | |
| Time | Yes/No |
| 24 Hours Support | Yes |
| Support During Weekends | No |
| Customer Support Languages | English, French, Russian |
| SUPPORTED INSTRUMENTS | |
| Instrument Type | Yes/No |
| Forex | Yes |
| Commodities | Yes |
| CFDs | Yes |
| Indices | Yes |
| ETFs | No |
| Stocks | No |
| Bonds | No |
| Cryptocurrencies | Yes |
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Summary
Reviewer
Dash Trader
Review Date
Reviewed Item
FX Open Dash trading as with other cryptocurrencies is done through the metatrader 4 platform, they are a licensed and fully regulated broker that offers multiple assets for trading and look to provide the traders with a transparent ,safe and positive trading experience .
Author Rating
