FXOpen AU offers two types of trading accounts: ECN and STP. These two trading accounts use market execution so you can trade with the security of knowing that there is no dealing desk, no requotes and your trade will always be executed at the best available price.
ECN Trading Accounts: On Electronic Communication Network (ECN) accounts you trade on the raw price from the banks and liquidity providers and pay a small commission. This is the most cost-effective form of FX trading and is ideal for executing large volume trades.
STP Trading Accounts: On Straight Through Processing (STP) accounts there is no separate commission to pay as it is already included in the spread. This account is ideal for novice traders looking to keep pricing simple.
* Maximum transaction size can be limited by the liquidity available in the ECN.
** Leverage up to 1:500 available for Professional Clients.
*** Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under ASIC Rules. They are not available for trading by Retail clients.
How Do I Open a Trading Account?
Simply complete the 3 steps below:
- Register - Complete the simple registration form with just your email address, phone number and password.
- Verify - Continue the application process to verify your trading account and supply ID documents.
- Fund and trade – Once verified, fund using our multiple funding options and start trading.