FX Open Dash Trading

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

fx open dash Broker

Crypto trading account
Account currencyUSD, EUR, GBP, RUB, JPY,
*Bitcoin (mBTC), Litecoin (LTC), Ethereum (ETH), and Dash
Minimum depositfrom $10 (or equivalent in other currency)
Maximum balancewithout limitations
Spreadfloating
Commission0.5% half-turn
Quotes format0.12345
Executionmarket
Minimum transaction size0.01 lots
Maximum transaction sizewithout limitations
Minimal increment0.01 lots
Leverage 1:3
Margin call30%
Stop Out15%
Demo accountsYes
Islamic accountNo
Instruments24 pairs with BTC, LTC, ETH, DSH, EMC, NMC and PPC
BonusesNone
Expert AdvisorsYes
ScalpingYes
HedgingYes
News tradingYes
Phone dealingYes
Market depth with level 2 quotesYes
Trading time24/7
Inactive account feesmaintenance – $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.

RSS FX Open News

  • FXOpen Launches AstroPay Payments May 27, 2020
    FXOpen Launches AstroPay Payments FXOpen is delighted to announce a brand new, cutting-edge payment method for our clients, via AstroPay Card. AstroPay Card is a virtual prepaid card accepted in thousands of online sites across the globe and sites affiliated with the AstroPay system. AstroPay Card is available in USD or in any other currency […]
  • Win up to $5,000 in "Money Managers", a contest for real PAMM accounts May 21, 2020
    Win up to $5,000 in "Money Managers", a contest for real PAMM accounts FXOpen and ForexCup are launching "Money Managers", a competition on real PAMM accounts, and inviting traders to take part in the competition. Become a winner of huge money prizes for a total of $10,000. The competition starts on June 1st, 2020. The […]
  • Trading Conditions for France 40 Equity Index CFD May 21, 2020
    Trading Conditions for France 40 Equity Index CFD Dear Traders, We'd like to inform you that due to the short-selling ban in France being lifted, on May 19, FXOpen have removed the previous restrictions in trading the France 40 Equity Index CFD. Please consider these changes when planning your trading activities. Follow the updates on […]
  • FXOpen Margin Requirements for Indices, Metals and Commodities May 19, 2020
    FXOpen Margin Requirements for Indices, Metals and Commodities Dear Traders, You may recall that on March 17, FXOpen increased margin requirements by up to 5 times their normal level for currency pairs, indices, metals and commodities, and on May 4 returned the margin requirements for currency pairs to their normal value.
  • Trading hours schedule on May 25th 2020 May 18, 2020
    Changes to Trading Hours on US Memorial Day and UK Spring Bank Holiday Dear Traders, Please, note that on May 25th, 2020 trading hours for CFDs will be limited due to Memorial Day in the US and UK Spring Bank Holiday.

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 DetailsInfo
Regulated ByFCA, FSA
HeadquartersUnited Kingdom
Foundation Year2005
Publicly TradedNo
Number Of Employees100

Contact Information

Tel:+44 (0) 203 519 1224
Email:support@fxopen.co.uk
TRADING ACCOUNT OPTIONS
Account TypeInfo
Min. Deposit$300
Max. Leverage0.388888889
Mini AccountNo
Demo AccountYes
Premium AccountYes
Islamic AccountYes
Managed AccountYes
Deposit OptionsCredit Card, Moneybookers, Neteller, Skrill, Webmoney, Wire Transfer
withdrawal OptionsCredit Card, Moneybookers, Neteller, Skrill, Webmoney, Wire Transfer
FXOPEN Dash UK TRADING FEATURES
SUITABLE FOR
Trader LevelYes/No
BeginnersYes
ProfessionalsYes
ScalpingYes
Day TradingYes
Weekly TradingYes
Swing TradingYes
Social TradingNo
CUSTOMER SERVICE
TimeYes/No
24 Hours SupportYes
Support During WeekendsNo
Customer Support LanguagesEnglish, French, Russian
SUPPORTED INSTRUMENTS
Instrument TypeYes/No
ForexYes
CommoditiesYes
CFDsYes
IndicesYes
ETFsNo
StocksNo
BondsNo
CryptocurrenciesYes

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