Company news / STP Accounts Discontinued from 20th December

STP Accounts Discontinued from 20th December

The FXOpen Team

FXOpen would like to advise that due to a change in our offering, STP accounts will be discontinued on Friday 20th December 2024. This change reflects our commitment to providing our traders with the most competitive and advanced trading environment.

What does this mean for you?

If you currently hold an STP account, you can continue trading seamlessly by opening an ECN account.

  • Log in to your Client Portal and click ‘Accounts’
  • Click ‘Add an Account’ and follow the on-screen prompts

If your STP account has an open position and funds, on 20th December, these will be transferred to your ECN account.

Any STP account without an open position will be placed on close only mode as of today, Friday 6th December.

What if you do not open an ECN account?

If you choose not to open an ECN account, any open positions will be closed after 22:00 GMT on Friday 20th December at the closing market price, and your remaining balance will be transferred to your Main account.

Why choose an ECN account?

With an ECN account, you will trade on the raw price from the banks and liquidity providers and pay a small commission, from $1.5 per lot. This is the most cost-effective form of FX trading and is ideal for executing large volume trades. Furthermore, an ECN account allows you to trade over 700 markets from one account, including shares, ETFs, indices and cryptocurrency CFDs.    

Need help?

Our helpful Customer Support team is here to assist with the account transition. Email us if you have any questions.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.