Why FXOpen UK?
FXOpen UK is located in London and authorised and regulated by the Financial Conduct Authority (FCA) under FRN: 579202 in the United Kingdom.
All client funds are fully segregated from FXOpen's own funds in accordance with
FCA Client Asset Rules.
Client funds are held in segregated accounts at Barclays Bank Plc or Lloyds Bank Plc in London.
All retail clients of FXOpen UK, whether you are a UK citizen or not, have their funds fully protected up to £85,000 by the FSCS in the event that FXOpen UK is unable to return client money. More details can be found at: www.fscs.org.uk .
Deep liquidity with spreads from 0.0 pips
Very low commissions
Cutting edge ECN technology
Trade on the MT4 or MT5 Trading Platform
Low minimum deposit from £300, $300, €300
Maximum leverage up to 1:500 (for professional clients)
A wide selection of fast and reliable payment options
The latest economic news, professional market analyses and a Forex calendar
All accounts at FXOpen UK are ECN or STP accounts and use the ECN model. The ECN model gives traders access to the Interbank market where the counterparty to your trade is a liquidity provider such as a bank, fund, or another trader. There is no intervention from FXOpen, no dealing desk and no requotes.
ECN accounts are suitable for all types of trading due to its fast execution and deep liquidity. This is especially useful for scalping, high frequency and automated trading. The ECN Model uses Market Execution, which means that your order will be filled in the interbank market but the execution price may differ from the price you requested upon placing the order.
All participants of the ECN have equal rights when it comes to order execution regardless of their capital. Additionlly everyone on the ECN can act as both liquidity providers and liquidity receivers. This ensures that all transactions take place in a completely fair and transparent environment.
This business model, combined with the unique technology behind the FXOpen ECN, provides our clients with aggregated liquidity from multiple participants in the FOREX market. This allows FXOpen’s clients to easily and instantaneously execute large volume orders in a very tight spread and highly liquid environment.